Ft Fbt Discussion Threads

[mcsean2164] 31/1/2018 11:33

HyperAl,

I worked on the world's first optical burst switch network. No latency as it used direct addressing with different wavelengths of light. Incredible stuff.

Company went bust after over 70million invested in it. Couldn't crack the telecoms market.

Really concerned here. Looks like fbt is in a death spiral and I'm sure anyone seriously considering moving their editing department to Forscene would be very worried to work with a company with a 5.5 million market cap.

Perversely, at this point we'd probably be better off if we weren't listed as the market cap wouldn't be visible.

[bonio10000] 31/1/2018 10:57

Does the sales director actually exist or is she a ringer?

[paulcon1] 31/1/2018 10:52

Am excerpt from Forbidden Technology latest LinkedIn post with regards strategies to win the cloud computing race in 2018....

'In particular, the winners in the Cloud Wars in 2018 will need to master the art—and not just the science—of helping corporate customers undertake, accelerate and complete their digital transformations; will need to radiate customer-centric messaging and behavior across their tech-centric organizations; and will need to leverage game-changing AI in everything they do' ... I think I heard this first on this board ..... GL

[bonio10000] 31/1/2018 09:56

We did get the Great Runs article.

[pr100] 31/1/2018 09:29

AFAIK, none of FBT's CEOs had prior experience of running a listed company and therein lies the problem. Good AIM CEOs recognise the importance of IR in building investor loyalty and the share price. Aziz tried to be that man but failed due to over-promising and under-delivering. The new CEO doesn't even try. And SS doesn't seem to care about the share price. More fool him.

[chriscallen] 31/1/2018 09:27

It isn't possible to release a "positive" RNS if there is nothing that meets the guidelines for an RNS. The absence of an RNS simply shows that at least from September until now there has been no contractual wins that are considered price sensitive. That does not mean there have been no wins but that no individual win meets the criteria. If by say June there has been no RNS or no I think the new strategy will be as dead as EVA and Forscene - interesting products but not going anywhere for whatever reason the market has decided. But IM must be given a fair chance to show that he has made the right decisions.

[mcsean2164] 31/1/2018 09:19

Post 204 = hilarious!

[bonio10000] 31/1/2018 07:03

Post 304 is genius.I assume the FD is busy doing a fundraising. All he has brought to the business for his decent salary and options, given he is part time.Remember guys, just believe and stay positive.

[mcsean2164] 31/1/2018 00:19

In case anyone missed it, the original is here: hxxp://www.forbidden.co.uk/2017/11/28/ai-the-1/

Sadly, I don't think there is anything we can do. I am sure that IM wants to ensure that his first position as a CEO of a listed company is moderately successful.

He may focus on the following as proof of his greatness

- Company Sale
- Increase in Market Cap, (Funding Required)
- Increase in share price

Sadly given the low share price when he joined, even a moderate rise to 6p could be seen as a great success.

Company Sale where he assumes a role in the new company, could it happen as low as 5p given (the company will not be a going concern without more funding)?

Increase in market cap, talk about how the company moved from a market cap of 7 million to 12 million under his tenure-ship, (neglect to mention that the £6million in funding was secured at 2p).

So as far as I can see it, unless something happens, the next funding will be at 2-3p and shareholders will not be given the opportunity to participate even if they wanted to. Raising funding is FBTs forte.

What could be done for a shareholder ROI? Sell Blackbird IP to netflix or similar is the only option I can see.

It's unbelievable, they are so far up own their behind they can't do the obvious. No major company will commit their media division to a tiddler with a market cap of £5million. They either need to talk up the prospects of the company to increase the market cap or sell up.

Is there anyway we can pressure them to sell? What about forcing IM to release a positive RNS?

[nick2412] 30/1/2018 23:37

But all of this investor relations lark doesn't matter too much given that shareholders have the weekly 'Thought Leadership' blog to look forward to...

Thought Leadership Blog

I am probably the tenth most intelligent person in the world but that's nothing to boast about. Can you name the 10th ranked tennis player or the tenth greatest chess player of all time? Incidentally, I am a pitiful twelfth. Gone are the days when I could beat 75 chess simulators at a time whilst simultaneously juggling ten balls, cooking an omelette and translating Dostoyevsky into multiple languages. Artificial intelligence has advanced to such extreme levels of proficiency that even I can now only beat 24 chess robots at a time. I digress; nobody remembers tenth best.

Whilst I belong to the elite, it is the elite of the elite that is remembered. This principle also applies to my extreme wealth. Whilst my vast wealth puts me in the top 1%, this is nothing special compared to the likes of Bill Gates, Roger Federer and other high net worths whom I rub shoulders with in SW19.

Admittedly after 17 years of my inspirational thought leadership the revenues for FBT barely cover my annual restaurant bill, however, there is no denying I am an unusually gifted investment genius. Forbidden's shares may linger at the lowest ever level since listing but investors need to know that my personal wealth has increased exponentially. I created an artificial intelligence trading program that made me such vast sums my social conscience prevented me from using it.

My next blog will be yet another self-indulgent load of patronising drivel on an artificial intelligence application that is completely irrelevant to the success or otherwise of Forbidden Technologies.

[nick2412] 30/1/2018 23:30

I inquired why the North American major broadcaster licence / POC was not referenced in either the interims or the December trading update.

Any 'normal' company would reply something like :- "Thank-you for your inquiry, I can confirm that the license / POC continues. FBT take its reporting obligations seriously and would of course announce any change to the status of this announced agreement."

But good old Forbidden, the FD to be precise, reply with an unnecessarily defensive response...:- "I have discussed your further email with senior management and we have concluded that there is nothing further to add. I am unable to spend further valuable time on this matter at this time, and I hope you’ll allow us to focus our attention on the growth of the business."

Jonathan is quite right, senior management time is valuable given the ratio of salary cost to turnover. The three minutes it would have taken to give me a brief 'normal' two line answer would be relatively costly.

On balance, I suspect it's highly likely the North American POC is ticking along quite nicely. I am pretty sure they would have had to announce if that weren't the case. Unfortunately, FBT have developed such antipathy towards its investors they can't bring themselves to give me a quick one liner confirming as such. I'm not sure if this is a collective mentality or it stems from either SS or DM.

[bonio10000] 30/1/2018 22:02

I wonder if Jens 37k Twitter followers are missing his regular posts?

[geheimnis2] 30/1/2018 21:55

jeez...this is pathetic

[paulcon1] 30/1/2018 21:36

Am assuming FBT are not involved in either the Winter Olympics or the Super Bowl... Unless anyone knows different?

[bonio10000] 30/1/2018 18:03

I don't think we need to worry about whether SS is due 5 per cent of profits just yet.

[paulcon1] 30/1/2018 17:41

Anyway .. let's not be sceptical today is FBT - Forbidden Blog Tuesday ... 😳

[paulcon1] 30/1/2018 16:59

£12.5m loss over 5 years... Oh Dear ... Cause for concern in my book! Really Good Luck All ...

[paulcon1] 30/1/2018 16:52

McSean ... Agree the V Low present market value, whether right or wrong, has an impact on how the company is viewed and limits options re placing. It could be a positive for a potential buyer of cours. I also do not totally agree with the need for lengthy POC implementation periods, for someone companies yes, but for others the strength of the tech and need for cost savings should outweigh the infrastructure changes needed. Looking at the FBT newspaper there is an awful lot of money being currently invested in Cloud/video/AI technology... GLM

[chriscallen] 30/1/2018 16:50

SS is indeed entitled to remuneration equal to 5% of the profits as set out in the Additional Information Paragraph 8 in the AIM Placing Document which can be viewed on the FBT website. I haven't gone all the way back but it appears that he has drawn no remuneration up to 2013. For that year and subsequently the figures have been:
2013 Salary £62,500 Losses £797,547
2014 Salary £150,000 Losses £3,591,863
2015 Salary £150,000 Losses £2,556,423
2016 Salary £122,300 Losses £2,340,464
I cannot see any reference to the cancellation or modification of the 5% remuneration clause in the 2013 Financial Statements; all that is shown is remuneration being paid at Note 4 to the 2013 accounts. But by inference the reference to 5% of profits as remuneration must have been superceded in 2013 since remuneration was paid despite the company remaining unprofitable in that year and all years subsequently. It would be helpful if the Company could say whether the clause has been cancelled or is it simply suspended waiting for better times?

[mcsean2164] 30/1/2018 16:33

It's a shame, they don't seem to realise that a PoC is more likely to fail when a company has such a meagre market cap

[keystudio] 30/1/2018 14:30

Oh well from Eva & the volume product Captevate to the failed POC and new dead silent CEO. In combination with current share price and total lack of new deals we know how this must look like to the outside world. Won’t sell though, too late for that, if we go to 0 and lights out so may be it. We all hope this will turn around soon.

[paulcon1] 30/1/2018 14:14

Forbidden on Twitter: Where do you sit in the #CloudWars ? 90% of organisations will adopt hybrid cloud infrastructure management capabilities by 2020 according to some sources. Blackbird is the perfect partner, find out more, email [e-mail]