Ft Fbt Discussion Threads

[paulcon1] 24/1/2018 15:24

New Blog on Forbidden website ....

[paulcon1] 24/1/2018 14:32

Am glad most of the team exists for continuity reasons and they seemed very knowledgable of the product. Marketing, available Budget and Timing within the industry would be my reasons for current position IMHO

[bonio10000] 24/1/2018 13:28

Max seems to be there as well.

[bonio10000] 24/1/2018 13:28

Yep - so the talk of moving on the sales and marketing team.......

Amy went a long time ago btw.

[aimster4400] 24/1/2018 13:22

Oh I nearly forgot.... rofcmeo

[aimster4400] 24/1/2018 13:21

Looking at LinkedIn Jovana, Jem, and Jens are still there. So the new roles look incremental.Sal has gone to Grabyo which is a direct competitor in Sports and esports. Good move IM!!!!

[bonio10000] 24/1/2018 11:44

Mcsean

This is a serious investment please.

And fundamentals are not important.

Thank you.

[mcsean2164] 24/1/2018 11:41

Bonio,

I think we need a new acronym for FBT.

Rofcmeo

Rolling on floor crying my eyes out!!

😭😕😂🤣8514;😀

[paulcon1] 24/1/2018 11:29

The opening statement by IM was a fair reflection of FBT that covered a lot of topics but did not tackle any in depth and seemed to gloss over many important details... Cash burn, clear marketing strategy,
Options going forward and the the size and extent of POC's. Increase of sales team in other regions but no feedback behind that decision ... With regards depth it was a 'Queens Xmas day speech' at best.... GL

[bonio10000] 24/1/2018 11:13

Hard to square with IM saying most of the sales and marketing team had been moved on.

[paulcon1] 24/1/2018 11:01

There was a couple of 24/7 Support guys and I think I read support was now through Bridge Digital (maybe I'm completely wrong) and Amy in Marketing moved on..

[paulcon1] 24/1/2018 10:47

Not sure now as the staff list was removed from the website. As you say usual suspects seem to remain.

[bonio10000] 24/1/2018 10:41

Hopefully nanga bought gold and lots of it.

[bonio10000] 24/1/2018 10:40

Do we know who has been replaced? The usual suspects all seem to still be there.

[paulcon1] 24/1/2018 10:37

Bonio... Absolutely, The appointment that never was! Didn't garner an announcement or appeared on website when other staff were, apparently is a Director but not on the BOD...No impact in 7-8 months ... We wish her well though 🤓

[bonio10000] 24/1/2018 10:30

Even better, hasn't the new sales lady been there since early July?Roflol.

[paulcon1] 24/1/2018 10:25

McSean Thanks for link, will contact them... Agree with you regards Aziz, as a salesman, I thought he was effective and the company was gaining momentum. The new CEO (to date) has not been effective (Known facts) at raising the public profile of FBT.That is a concern because (on paper) his CV and experience seemed impressive... Coming up to 6 months in charge .. Tick Tock GL and IMHO

[mcsean2164] 24/1/2018 10:03

pc1,

In 2014 Mittton had over £2billion under management. They probably have a small percentage every year for mad money.

Might be worth contacting them though: hxxps://www.mitongroup.com/contact/

Bonio,

I was really upset with some of Aziz's antics, especially giving that interview before the 7p placing. However, he did create a buzz, a story, FBT was interesting and exciting under his leadership.

IM seems to have turned FBT into a dead zone. I'm hoping he'll surprize us all but for a disruptive technology we don't appear to be doing any disrupting...

[paulcon1] 24/1/2018 09:54

Chris... Thinking of Miton, with a quick calculation are standing at a 70% (1.5M) down turn on their investment. For any institutional portfolio that must be a concern. I would assume they were given assurances at the 2016 placing so I would therefore assume regular conversations happen between them and FBT. They must be either irritated (as you say) or patient. With a potential placing possible in the next few months it would be interesting to know their position. GL

[nanga parbat] 24/1/2018 08:23

I think we know what you mean bonio, we just don’t know what your talking about. LOL.

[bonio10000] 24/1/2018 08:09

Due to cost cutting and the end of R&D on Eva, captevate and forscene. Accounting revenue was flat. As for the increase in the new metric, we have been told atos is a write off and that 2017 is worse than 2018, so what happened to all this deferred revenue?In reality, those announcements essentially just replaced lost business and revenues are flat.Best case for your position is a small rise in sales, enough to delay a cash call/liquidation by a month.

[aimster4400] 24/1/2018 07:50

In the 6 months after he left there were 6 commercial announcements. That would indicate that they were his sales. Especially the US and Canada ones. In the 6 months since IM joined there were zero. Aziz was way too green to be CEO but the bottom line is he did sell. You may say they created a new metric but EBITDA and Net Profit don't lie, and the losses were both lower in 2016 than the previous years.

[bonio10000] 24/1/2018 07:39

I think we can safely say that it is 12 months since Aziz went, so zero of his leads, POCs or pilots will amount to anything. Conversion rate zero.IM is now going back to those customers and telling them the ex marketing genius actually wasn't selling the right benefits and they should try again.That's the plan. They have said as much.

[paulcon1] 23/1/2018 16:42

Feel your pain Matey... Another drop today ...Nothing to worry about, apparently FBT have a plan 😉

[mcsean2164] 23/1/2018 16:08

Aziz, all is forgiven, come back!