Minds + Machines Share Discussion Threads

[milesy] 11/5/2017 11:16

Dave - thanks.

Interesting surge in .london in last month

[la forge] 09/5/2017 12:06

DigitalTown In Strategic Partnership With Dot London, MMX For Smart London
May 09, 2017, 12:23:00 AM EDT By RTT News

Shutterstock photo

(RTTNews.com) - DigitalTown, Inc. ( DGTW ), a digital smart community company, announced Tuesday a major strategic partnership with Dot London Domains Limited and Minds + Machines (MMX.L), operators of the .LONDON top-level domain name.

The company said the partnership aims to align the .LONDON domain extension, a suite of cloud-hosted software applications and verified digital identity, with emerging Smart City initiatives. The move will support business and inspire digital innovation in London.

The initiative -- Smart.London -- will entitle residents and licensed businesses to a free verified digital identity and allow them to optionally select a unique personal brand that they can own forever.

The rollout of the Smart.London platform will be supported by ongoing in-market research to be conducted by the University of Greenwich in order to measure market acceptance and economic impact of the Smart.London initiative.

Rob Monster, CEO of DigitalTown, said, "The undeniable success of peer-to-peer marketplaces such as Uber has shown the power of cloud-based software as an organizing force to connect stakeholders in ways that transform economies in innovative ways. However, while Uber has blazed a trail, vast potential remains for innovation by civic innovators of all sizes and all types. Our aspiration is one day that Smart.London will become a global standard by which businesses and citizens connect, share and transact in smart cities."

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[waldron] 07/5/2017 17:05

hotaimstocks
7 May '17 - 14:43 - 199 of 199 0 0
who is D weill


ex founder and ex director i believe

[waldron] 07/5/2017 07:53

sarkasm
6 May '17 - 13:54 - 191 of 197 2 0
not many nformative posts

mainly derampers with a sprinkle of rampers

give it a rest you guys until the next RNS, real news or September

waldron
3 May '17 - 18:56 - 175 of 190 0 0
REAL AND SUBSTANTIAL NEWS EXPECTED IN SEPTEMBER AND THEN IN 2018

IN THE MEANTIME EXPECT THE SHARE TO MOVE IN A 8.50 TO 12.50 BOX

[sarkasm] 06/5/2017 14:18

generic Top Level Domains

In 2012, the Group applied for new generic Top Level Domains to the Internet Corporation for Assigned Names and Numbers (ICANN), see note 22 for further details. Successful applications are transferred from other long-term assets to Intangible assets. The Group capitalises the full cost incurred to pursue the rights to operate generic Top Level Domains including amounts paid at auction to gain this right where there is more than one applicant to ICANN for the same generic Top Level Domain.

This class of intangible assets are assessed to have an indefinite life as it is deemed that the application fee and amounts paid at auction give the Group indefinite right to this generic Top Level Domain.

The Group tests intangible assets with an indefinite life (generic Top Level Domains) annually for impairment, or more frequently if there are indicators that the asset might be impaired.

Impairment review of intangible assets

The Directors carried out an impairment review as at 31 December 2016 and have concluded that no impairment is required. The recoverable amounts of each group of generic Top Level Domains (the grouping of generic Top Level Domains is based on its characteristics), software, contract based intangible assets and other intangible assets are determined from value in use calculations. The key assumptions for the value in use calculations are those regarding the discount rates, growth rates and expected changes to the selling process and direct costs. Management estimate discount rates using pre-tax rates that reflect current market assessments of the time value of money and the risk specific to the asset.

The group prepares cash flow forecasts derived from the most recent financial budgets approved by management for the next five years, with the excpetion of Contract based intangible assets where cash flows over the next eight years is used, and extrapolates cash flows into perpetuity based on an estimated growth rate of 5% (2015: 5%). The rate used to discount the forecast cash flow is 10% (2015: 9%).

The group has carried out sensitivity analysis on the growth rate and discount rate. A 2% change in either rates would not give any indication of an impairment for all classes of intangible assets, with the exception of contract based intangible assets, where a 2% change in either rate would indicate an impairment of:

· Growth rate decrease by 2% - $1,620k

· Discount rate increase by 2% - $2,160k