Legendary Inv. Share Discussion Threads

[carefreesid] 28/3/2018 15:25

or luncheon vouchers.

What is zaf playing at? Issuing an RNS over what, on the surface, doesnt seem very material at all.

His wilful disregard for shareholders is plain for all to see. He's had one month to find a broker, and assuming he wasnt trying a Goldman Sachs or a UBS, should have found one by now.

It says a lot about leg's accounts imo. I can imagine the first question.

zaf, you bought into a bank in NZ for peanuts a few months back, ensured you then owned 30% personnally, and very soon after it was magically 'worth' $10m. ps Where's the licence?

[soupdragon55] 28/3/2018 15:19

CI you'll be waiting a while for Davey to comment on informative posts, he's busy trying to convince the local Wetherspoons that they should still take cheques.

[gbenson1] 28/3/2018 14:47

Hi mudbath I'm not Zafs biggest fan, this does seem like fake news, I have a feeling Zaf is trying to ruin LEG so he can walk away with the Crown Jewels.

[paleje] 28/3/2018 14:42

Perhaps he was desperate to get one out just so people know he's still there.

Another way would have been to answer some emails I suppose.

[chinese investor] 28/3/2018 14:40

Davey,
Where actually are we with the "New York 1p Party" Invites ?
Are they in the post ?

[mudbath] 28/3/2018 14:05

For a start up, this fledgling outfit has a myriad of owners and advisors.
Cannot find out anything re the technology except blurb about "artificial intelligence" and algorithms.

It looks to be something along the lines of a Just Eat Plc but for companies outside the curry house and chinese take away service industry.

As I said,how any link up with previ.se warrants an RNS beats me.

[mudbath] 28/3/2018 13:54

Previ.se Limited.

B2B payment decisions start-up Previse, has secured a £800k R&D grant from Scottish Enterprise, to set up a new development centre in Glasgow, creating 37 new data science jobs.

This will be the London-based company’s first office in Scotland, from where it plans to start rolling out its first instant-payments programme with a number of blue chip multinational buyers.

Welcoming the announcement Scottish Government Minister for Business, Innovation and Energy Paul Wheelhouse said:

“Scotland is a world renowned centre for expertise in data science and digital technologies and I am delighted to welcome Previse to our thriving financial technology community.

“The Scottish Government are supporting business innovation by providing an additional £15 million a year for research and development, which will aim to help lever in further business expenditure on research and development that will stimulate further economic and employment growth, and develop leading edge expertise.”

Previse’s technology uses artificial intelligence to enable large businesses to pay their suppliers the day they receive an invoice. Using hundreds of millions of data points, it creates an independent score of a multinational buyer’s likelihood to pay an invoice. The technology uses this to make a decision about which invoices will be paid, so funding can be extended to SME suppliers instantly.

Previse’s technology aims to tackle the problem of late payment for the supply chain, which has been identified as a growing challenge for Britain’s small businesses. With a reported 60 per cent experiencing the problem, figures show that late payments force 50.

[behindthescenes] 28/3/2018 13:51

LOL!

Through this partnership, companies will be able to see what they've bought and where it is in real time, while suppliers will instantly receive payment for delivering their goods.

Thats novel.

[soupdragon55] 28/3/2018 13:48

Ps. The seller is still in the background, just nobody wants to buy at the minute so he can't sell.

[soupdragon55] 28/3/2018 13:35

Luckily the other thread were already having this level of detail discussion, hence my holding off posting.

[soupdragon55] 28/3/2018 13:33

Https://www.pymnts.com/news/b2b-payments/2018/insant-supplier-payments-paul-christensen-retail-smb/When Payments Terms Are InstantIt's a belief that Christensen has built a business around – Previse. The model looks very much like the retail credit card model, but is much cheaper. There is a buyer – the enterprise corporate. There is a seller – the supplier providing services to the enterprise corporate. There is a network that authenticates the transaction, sets the fees, and moves the invoice to a bank to authorize the transaction and make the payment to the seller, all instantly. The buyer then repays the bank once it has completed its normal invoice processing.It works like this.Bob the builder, the supplier, sends an invoice to Global Inc. for $100.When the invoice hits Global's ERP system, Previse the network sends it through its scoring model, which uses historic data from the buyer and seller's relationship as well as other, similar types of payments that Global regularly makes to similar types of suppliers.Previse then scores the likelihood that Global will approve and settle that invoice. If the score meets the threshold – say, 98 percent – that has been set by the bank, then the bank pushes the $98 to Bob the builder immediately, since the risk assessment model says that Global is more than 98 percent likely to approve it once it moves through the system two to three months hence.The 1 percent fee – in this case, $1 – is paid by Bob in exchange for getting money deposited into his bank account instantly. Bob can also opt to get the full $100 and have his invoice go through the Global system as usual. Previse splits the $2 – in this example, between Global as the buyer and the bank paying the supplier.When Bob the builder's invoice hits Global's AP department, they approve it and then do the account reconciliation.The end result, Christensen summarized, is that Bob gets the equivalent of cash on delivery of services, without Global Inc. having to do anything differently, other than allocate a pool of money from which they'd like to make these instant payments.ERP systems and internal AP processes run as usual. The big difference is that funds have been paid to the SMB supplier immediately upon receipt of the invoice.

[soupdragon55] 28/3/2018 13:30

Interestingly Previse actually work on the same model as credit card companies.

[chinese investor] 28/3/2018 13:25

"Virtualstock has partnered with AI-based instant supplier payment decision company Previse to deliver a purchase-to-pay supply chain system with cash on delivery for suppliers in the UK.
The two British supply chain technology companies would enable clients to merge their accounts payable and procurement functions, allowing suppliers to get cash-on-delivery.

Buyers would be able to manage their catalogues, contract pricing, inventory and purchases as well as track deliveries through Virtualstock's 'The Edge' platform, while also ensuring their suppliers were paid instantly with Previse's machine learning technology and network of readily available funding.

Previse's artificial intelligence would use real-time data on The Edge platform to facilitate instant payment from participating buyers to their suppliers as soon as an invoice was issued.

With its ability to instantly score the risk level of each invoice, Previse's technology would also reduce the costs of back office administration for buyers by allowing them to focus on the invoices which were most likely to require human attention.

Through this partnership, companies will be able to see what they've bought and where it is in real time, while suppliers will instantly receive payment for delivering their goods."

[chinese investor] 28/3/2018 13:22

Soup,
You again have your finger on the pulse - no vs twitters about this news !

[soupdragon55] 28/3/2018 13:13

It's others who think VS have signed up to get a service for their own invoicing. Funny how VS aren't talking about this partnership today like they normally would, it's almost as if LEG are talking about it for a reason.

[chinese investor] 28/3/2018 12:58

I sense the Placing will be 0.06p.

One Billion New Ordinary LEG Shares !

There are currently 3,292,912,755 Ordinary LEG Shares !

[behindthescenes] 28/3/2018 12:27

thick mick

I'll make allowances for you.

I assume you have not seen the usual action before a placing before?

[professor pettigrew] 28/3/2018 12:27

It'll be our version of a relief rally Mickluv1.

[michaelsadvfn] 28/3/2018 12:11

Professor Pettigrew27 Mar '18 - 22:07 - 358 of 372
0 0 2
How's PANR and TYRU going then "michaels".

Dirtbags always lose.

david,

why did you post that on the excellent main LEG thread?

because you wanted me to respond thereby helping you trash it.

that ain’t gonna work scumbag, I ain’t, like you, into trashing threads.

just saying like

[mickluv1] 28/3/2018 12:02

Well! The rise looks to be sticking! Will we get a significant jump in the share price when the new broker is announced? GLA

[digger2779] 28/3/2018 11:57

We are motoring now. Next stop 1p lol

[chinese investor] 28/3/2018 10:46

Not sure how much of his £300,000 outlay he has left !

Professor Smelgy (WTI) 22 Dec'10 - 22:04
............I have been topping up quietly today, and have purchased an additional 500,000 at under 11p.
To add to the 2.5m purchased in tranches last week. I hold 3m.

Professor Smelgy (WTI) 12 Jan'11 - 11:39
............by the way went in for a further 50,000 this morning.
Now holding just over 3.2m.

[behindthescenes] 28/3/2018 10:44

I think we're all impressed and bowled over by his fiscal acumen, wit and repartee, and all round winning personnality.

Yup, when I grow up, I wanna be like dave.