Getech Share Discussion Threads

[chrisdgb] 29/12/2023 09:21

What will 2024 bring for this frustrating situation...........?

[book5] 23/12/2023 06:02

Hopefully, this will bring new business.

Merry Christmas

[playful] 20/12/2023 22:50

Once we apply machine learning to our mapping software technology this little company could give us all a nice surprise…

Traditionally, geologists examine spatial data to guess where metals are most likely to be located underground, and then mining companies explore those areas manually to see if that expert judgment was correct. Kobold combines AI with large volumes of data on the Earth’s crust, building complex sub-surface models to locate minerals in areas that are less obvious.

[workingfromhome] 20/12/2023 22:13

Lots of overly negative and Ill informed nonsense on here in recent days. In my experience, it looked like capitulation today, always a good sign for a true contrarianThe only way to make real money is to buy when others are fearful. A turning point could be near

[battlebus2] 20/12/2023 18:38

Yes. Good to see it and the keen buying this afternoon.

[32campomar] 20/12/2023 16:32

What a roller coaster ride that was

[yasx] 20/12/2023 15:13

Revenue is meaningless - those revenues are not helping GTC which looks to be in a precarious position.

Why don't they sell Kitson by way of an auction - it buys them some time to remedy the current egregious state of affairs.

[book5] 20/12/2023 13:32

More than revenue, we need between 300k and 400k annual profit to justify the current valuation
And for that, we need better margins and cut useless overheads.

[32campomar] 20/12/2023 12:59

What with annual revenue of £4.4 million as stated last week ?

[bones698] 20/12/2023 12:29

Worthless and heading for the knackers yard I'm afraid .

[dangersimpson2] 20/12/2023 10:14

I think the database does have value, as it aggregates a lot of data together, much of it from data rooms over the years, so not just information you can find on the web. The quality of the client list is a testament to this. However, it is not just accessing data they are offering but specialists who help get it in the right format to be useful to clients. This is a blessing and a curse, as it isn't just licenses they are selling, so sales come with additional costs, too.

Unfortunately, the dalliance with H2Green etc. has ramped up their cost base far in excess of their revenue and having depleted their capital, they are stuck between a rock and a hard place. They need to increase sales and support functions to win new business to generate new Globe license fees to cover their overheads, but they can't afford to hire many new staff as that accelerates the cash burn in the short-term.

Perhaps the only thing obvious thing that can keep them alive is the sale of Kitson House, but there is little tangible progress on this. So despite the Globe database having value, the state the company finds itself in means that there looks to be a material risk that this is a zero. This isn't the new CEO's fault. He has stepped in to try to save the company by slashing costs & returning to the O&G core business, but it may be too little, too late.

The other glimmer of hope is that the improvement in small cap sentiment in the past couple of weeks means they can get a placing away. If they raise a couple of £m, then it may see them through to cash break-even. This is likely to double the share count, but it is still far better than other options.

[book5] 20/12/2023 09:05

You are the one who has to stop ramping this and supporting daydreamers.
Still, you have been averaging down and inciting others to do the same

[32campomar] 20/12/2023 08:58

Give it a rest

[book5] 20/12/2023 08:51

Any technological company with IP announces it to the market. However, GTC has not claimed via RNS that they have a valuable IP.

On the mineral resource front, they have nothing “special”;. A worldwide database taken from publicly available information is worthless.

Still, you are failing to describe what IP they have.

From the Companies House description, they are researching and experimenting:

72190 - Other research and experimental development on natural sciences and engineering

[yump] 19/12/2023 21:39

Book5

Are you incapable of understanding that GTC don’t have to have a patent in order to have IP which has value ?

A patent is a form of IP.
IP does not necessarily mean a patent.

This is O-level maths. Sets, subsets, intersecting circles representing them to show which ones overlap, which ones are separate, which ones are inside another one. The pictorial representations so that youngsters understand.

I’ll try again: GTC can have something to offer (IP) that is not a patent.

It seems GTC are very unlikely to have something patentable - as I already explained. But they may well have IP.

You think they have nothing because they would have patented it.

No they wouldn’t, if it wasn’t a patentable invention. But that doesn’t mean they have nothing, which is what you claim.

Are you posting just to waste my tine or do you enjoy looking daft ?

Patents are a subset of IP. Not having a patent doesn’t mean they lack IP.

You may believe they have nothing, but not patenting anything is not evidence that they have nothing.

If you think it is evidence that they have nothing, then you are simply wrong in that assumption. It is an illogical conclusion resulting from an error in your thinking.

[32campomar] 19/12/2023 15:03

Once again the UK being left behind https://www.hydrogeninsight.com/policy/nearly-9bn-france-unveils-plan-for-6-5gw-of-low-carbon-electrolytic-hydrogen-by-2030-in-draft-update-of-national-h2-strategy/2-1-1573875But a change of government next year will make a big difference and I expect hydrogen and hence GTC's projects to come back from the dead.

[book5] 17/12/2023 20:52

Yump
U said to me
“You’ve made an assumption that GTC have nothing special to offer.”
Then you said:
“The chances of GTC patenting anything is imo zero.”

My point was that GTc has nothing special to offer because it does not have a patent
It seems you agree with me.

You contradict yourself. It would help if you were honest with yourself. You should explain what GTC has to offer that is “special.̶1;

U divert the discussion by making personal attacks

I said before this would go to 5p, and I was right
This will reach to 3.5p during 2024

[yump] 17/12/2023 14:16

You said GTC would patent something valuable if they had it and yet you clearly don’t understand the difference between patents and IP rights.

You keep changing the points you’re making, so there’s no point in entering into any debate with you.

You make your assumptions and I’ll make mine.

Be nice if you based them on facts and actually read what I have posted properly.

I did not say that GTC amortised anything. I clearly made a general point about IP amortisation to try to explain to you how IP can have a value that is nothing to do with a patent.

The chances of GTC patenting anything is imo zero, unless they have a fancy drilling machine with some AI hydrogen detecting computer attached to it.

[book5] 17/12/2023 08:53

Company house:

Nature of business (SIC)

09100 - Support activities for petroleum and natural gas extraction
72190 - Other research and experimental development on natural sciences and engineering

[book5] 17/12/2023 00:14

Yump

You refer to “amortisation in accounts.” OK, please tell us what value GTC gives to any “IP” we may own in the balance sheet, and what is its annual amortisation? The latest annual accounts show 2.9 million intangible assets, but since then, GTC has closed the hydrogen business unit.

What type of IP do we own? A patent, trademark, copyright, trade secret, or combination. Is it only applicable to O&G?

We own software that the market does not find very valuable, and the evidence is in our market cap.

[battlebus2] 16/12/2023 20:11

We maybe down but we aren’t out. We have new markets to focus on with cost savings to filter through. This could be a great business in time. They just need to stay fully focused.

[book5] 16/12/2023 06:30

I was not planning to post for a while, yet you challenged me
If GTC had something unique and valuable, it would patent it, and the market would be knocking at its door to invest millions, if not billions, to develop the technology.
Facts are: we don't have much capital left, we can't raise more cash at a reasonable price, we need to downsize and cut costs and sell property to pay the bills.

Best wishes

- AIM is worse than eBay, careful.