Ft Fbt Discussion Threads

[chriscallen] 23/1/2018 07:44

The problem we all have is there is a continuing lack of news about the company or any achievements it has chalked up since September (if anything IM has cut off what little there was previously). This makes it hard for any investor to make a judgement and pretty well chokes off anybody considering a purchase of shares given FBTs track record hence the woeful price currently. I had hoped that IM would change the apparent antipathy of the BoD to meaningful communication with shareholders. If Miton are getting the same treatment as PIs they must be getting quite irritated and would find it impossible to justify further support. The new direction is unlikely to have taken effect until mid to late October so in reality the majority of the major players testing Blackbird have only had about 2 months of trialling so it's early days. I hope to see some progress before Easter but I fear the bigger players could be a mid year update. All very frustrating.

[the stigologist] 23/1/2018 02:52

NickB is off his rocker

Never seen anybody so deluded in my life

I fear if he gives up or admit he has given up he will have to reassess his whole life and he's simply incapable of doing that being such a successful investor and tech expert on a par with SS (lolz on several levels)

Denial isnt a river Egypt

[mcsean2164] 23/1/2018 01:33

Why is the potential declining?

eva failed.
captevate failed.

captevate would have been blue skies if successful.
eva would have been outer space!

In case you're referring to me, I'm not depressed, however I would like an exit this year. I might not make it to see another 18 years!

[mcsean2164] 22/1/2018 22:23

nickB,

No need to get personal.

I might sell, I might not, the last time it went above 10p, I didn't sell. I think the potential is still huge (although declining). I'm not seeing ten bags from here anymore. In today's internet world, users get bags, not tech and eva/ captevate didn't get the users and were abandoned.

Why would anyone buy apple? For the same price you could get a much better windows machine and yet....

I worked in Intune Networks, amazing tech and staff.. I believed in it... it's bust.

Maybe my whole investment strategy is flawed and yours is better.

Still, I'd like to see a goal, a roadmap and regular progress reports. Is that too much to ask?

[aimster4400] 22/1/2018 22:02

And they appear to have gone all or bust! What was wrong with ticking over the gfinity type deals moving sales forward whilst also targeting the big license deals? It stinks of shoddy governance and leadership

[aimster4400] 22/1/2018 21:57

I also think that approach is foolhardy and NOT in investors best interests. What are the NEDs there to do? Protect shareholder interest? I think they're culpable here.

[aimster4400] 22/1/2018 21:56

That's all true nick but it doesn't excuse the lack of news. 6 months of a new ceo and no commercial sales isn't good. Even corporate sales don't take this long. Certainly technical PoCs shouldn't take more than 3 months. I also don't buy that it has to be all or nothing. A year ago sales were on an upward trend and spending had reduced, what was wrong with that trajectory? The company has DECIDED to go for an all or nothing approach. It needed NEED to take that route.

[nickb] 22/1/2018 17:52

Mcsean

Easy for me I share the same vision that SS has although it took me about 17 years of being sceptical before I saw the light! (MK and Geh will know)

Plus 30 odd years of working in Video plus 20 odd years of investing experience and developing the right mindset makes it easy for me to be able to invest here.

I really would not be here if I didn’t believe in this

Are you guaranteeing your investors in your startups no risk high rewards?

Do your investors really understand your technology and market opportunity?
What if you went public and the shares fell 50% for no reason and You had angry shareholders?

Not easy this stuff.

My guess is you will hold FBT through the difficult times but as times get better you will sell at break even to get your money back then watch it go up 10X
Or you will stay to 0p if it fails but be able to say told you so!

Either way you lose 😟

Wrong mindset!

Don’t lose 😀

[paulcon1] 22/1/2018 17:22

McSean ... Add to that a smidgen of pride ...

[mcsean2164] 22/1/2018 17:07

Bounce off the lows, unwilling to accept a loss, sunk cost, hope, madness...

Not my usual investment criteria.

Why are you invested?

[paulcon1] 22/1/2018 17:06

RNS Dec 1st 2016 - 'The net proceeds of the Placing, which will be approximately GBP2.81 million, will be used to finance further sales, sales support, sales implementation and product development support where necessary and to support working capital through to profitability and cash generation' - This suggests to me they are a business and therefore a business investment... GL

[nickb] 22/1/2018 16:41

Mcsean

So why are you still invested here?

[mcsean2164] 22/1/2018 16:38

Or the problem is some shareholders lack confidence?

That is not FBT's problem.

They have been given every opportunity for 18 years. It's amazing 18 years and no profit!!

So many companies have become internet behemoths in that time frame.

These type of investments are blue sky they are not business investments at this stage. You absolutely need vision and faith in the technology and the opportunity.

As someone who is trying to raise money for two startups, that statement wouldn't raise a penny.

[nickb] 22/1/2018 16:28

These type of investments are blue sky they are not business investments at this stage.
You absolutely need vision and faith in the technology and the opportunity.

[paulcon1] 22/1/2018 16:08

I personally do not comment on other shareholders' reasons for investing, only on known facts and how I see that information... GL

[nickb] 22/1/2018 15:38

Or the problem is some shareholders lack confidence?
FBT is also not a suitable investment for many mainstream investors, it’s Speculative, Specialised high risk but high reward.

No easy ride on ten bagger+ type shares in the market.

0p or 50p 100p +

If you don’t believe in the technology and opportunity then your just betting and hoping.


Imho

[paulcon1] 22/1/2018 15:29

His reputation would still be in tact if the company was sold and he would probably gain on his initial investment... I have no info re IM and his motives for taking the job, with ground breaking tech, BBC POC and a £800k (more than today) budget, whose to say... GL

[aimster4400] 22/1/2018 15:16

Why would IM risk his reputation and his cash? Me must know something (

[paulcon1] 22/1/2018 14:50

Or they have a product they do not know how to best implement...

[paulcon1] 22/1/2018 14:43

McSean... For the last couple of months I have come to the conclusion that FBT are just not able to bring the product to market (within a practical timescale) and therefore selling the company needs to be a real and immediate option, Thus allowing SS to tinker away in his own lab to his hearts content. The lack of impact from the new CEO and BBC POC outcome amongst other thing confirms to me that FBT are just too small budget wise... GL

[mcsean2164] 22/1/2018 14:27

paulcon1,

I'd prefer to fund supercapacitor research or help a homeless person than support a multimillionaires tinkering (not meant to be offensive).

That's not a negative reflection on SS and his brilliance.

Most investors want an ROI and so do I.

I want a roadmap, focused development and a results feed.

As it stands, I don't know whats going on...... at all.

If SS's 'creating' contributes to the bottom line, fine, otherwise what is the point? What is the point funding a system that nobody uses and sadly that may explain the share price ...

[bonio10000] 22/1/2018 14:16

I see Jens is still there.

Says a lot.

[paulcon1] 22/1/2018 14:05

As for Mr Streater, he's one of these geeky genius types and doesn't need the day to day hassles of Share Price and Shareholders... Let him create stuff!...

[paulcon1] 22/1/2018 14:01

McSean ... Good post, agree totally and your suggestions run alongside and in addition to corporate/enterprise deals. I also assumed Eva was not dead but shelved and could be sold to further research,development, marketing and industry deployment.