Minds + Machines Share Discussion Threads

[georgeo1] 14/11/2020 09:18

The company running the new .LUXE top-level domain (TLD) recently issued an update on its progress with the innovative effort to tie the TLD with blockchain. Minds + Machines Group Limited (MMX) reports that 11 domain registrars have "agreed to implement the API, developed exclusively for MMX, that allows .luxe names to be easily, and securely, associated to items on the Ethereum blockchain by registrar customers." Additionally, MMX reports that users of a specific blockchain proaduct or service can now purchase their .luxe name and pair it to that product or service at the point of use without having to make a separate journey to a registrar to buy their .luxe name and complete the association of the name with the underlying product or service.This is the first genuine piece of DNS related innovation says Paul Mockapetris, inventor of the Domain Name System ("DNS"): "The prospect of integrating DNS with distributed ledger technology/ blockchain, for example, what MMX is proposing in .luxe, is the first genuine piece of DNS related innovation that I have seen in the last decade that has the possibility to be truly transformative. I very much look forward to monitoring its progress and potentially collaborating in innovation-based projects with the Company."By CircleID Reporter – CircleID's internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us. Visit PageBLOCKCHAINDNSDOMAIN NAMESNEW TLDS

[the grumpy old men] 14/11/2020 09:13

georgeo1
14 Nov '20 - 09:12 - 3110 of 3110
0 0 0

[georgeo1] 14/11/2020 09:12

https://domainnamewire.com/2019/07/16/adultblock-launched-to-block-xxx-and-other-domains/

[the grumpy old men] 14/11/2020 09:04

georgeo1
14 Nov '20 - 09:02 - 3108 of 3108
0 0 0

[georgeo1] 14/11/2020 09:02

https://domainnamewire.com/2019/08/15/alibaba-files-blockchain-domain-name-patent-application/

[ariane] 14/11/2020 05:03

Price (GBX)
4.60 2.22% (0.10)

Open / Last close
- / 4.60

High / Low
4.75 / 4.60

Bid / Offer
4.50 / 4.70

Special Condition: -
Trading Status: Market Close
FTSE AIM All-Share
As at 14.11.20 04:47:18 - All data delayed at least 15 minutes

[georgeo1] 13/11/2020 15:45

I assume you only get the profits plus then share price increase if you remain shareholder, if sold out on buyback you get nothing.

[georgeo1] 13/11/2020 15:36

As stated in the Company's most recent update on 30 October 2020 the Board remains committed to returning excess capital to shareholders.

[georgeo1] 13/11/2020 11:17

Keep digging and find good if this company.

[georgeo1] 13/11/2020 11:17

Hey snap same here.

[georgeo1] 13/11/2020 11:16

Share buyback plus a return of 50% from profits to shareholders. Great news.

[georgeo1] 13/11/2020 11:11

https://www.brrmedia.co.uk/broadcasts/5f7450a8c4d0076f2b939d17/minds-and-machines-group-limited-interim-results-2020-video

[dolittle1] 13/11/2020 08:29

Who needs enemies, when you have friends like SJ Lawley. ICM holders being kicked again.

[georgeo1] 12/11/2020 21:18

https://www.prnewswire.com/news-releases/new-top-level-domain-fit-launches-and-partners-with-the-arnold-sports-festival-501670951.htmlArnie has a few domains from MMX . im sure he'll say' I'll be back'

[georgeo1] 12/11/2020 20:59

Minds, which describes itself as "one of the world's leading owners and operators of Internet Top-Level Domains," 

[georgeo1] 12/11/2020 20:51

https://www.crunchbase.com/organization/minds-machines-group-limited/company_overview/overview_timeline

[georgeo1] 12/11/2020 20:50

It is same ceo Toby Hall.

[georgeo1] 12/11/2020 20:43

Has this link got anything to do with Mind Machine Group, https://icannwiki.org/Minds_and_Machines,_LLCThey quoting their financials in $ & £.

[georgeo1] 12/11/2020 16:53

What's the history on Mind Machines Group anyone.

[gibbs1] 11/11/2020 15:14

Minds + Machines on track with cost cutting

Wed, 11th Nov 2020 14:52
ShareCast

(Sharecast News) - Internet domain name company Minds + Machines updated the market on its operations on Wednesday, reporting that Tony Farrow had now assumed the role of interim chief executive officer.
The AIM-traded firm said in his first week, Farrow worked with interim chief financial officer Bryan Disher to review the company's billings, cash flows and overall financial position, as well as its day-to-day operations.

"We are pleased to reconfirm our statements from 30 September that the company is profitable and cash generative, with the majority of revenue being of a recurring nature," the board said in its statement, adding that it was still seeing "strong" renewal billings.

Operating cash flow for 2020 was expected to be more than $4m, which would result in available cash on 31 December of over $8m.

"The company also reiterates its commitment to steps that are expected to reduce costs across operations expenditure and cost of goods in 2021 when compared to their expected amounts in 2020.

"In addition, as a result of recent management changes, 46 million options and restricted stock units were forfeited, thereby reducing the company's fully diluted shares by approximately 4.7%."

In light of the company's cash generative nature, available cash and confidence around future cash flows, the board also announced a share buyback programme up to a maximum of £2.3m.

The programme was starting immediately and would continue, subject to not being completed earlier, until 31 December, when its efficacy would be further reviewed.

At 1238 GMT, shares in Minds + Machines Group were up 32.89% at 5.05p.

[georgeo1] 11/11/2020 13:27

It made a significant upward move so far .

[effortless cool] 11/11/2020 13:21

17p is way over the top, in my opinion, especially given recent history and the makeshift nature of the new management team. I do still see a lot of potential here, but would be very happy to see it get back to 6p by the end of 2020.

[georgeo1] 11/11/2020 13:16

https://www.google.com/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/224111In a note, analysts at MMX's 'house' broker finnCap reiterated their 17p target price on the stock, saying that the company was continuing to deliver on its strategy of "profitable organic growth allied to targeted acquisitions and innovative development".My point is , is the 17p target achievable.

[georgeo1] 11/11/2020 12:34

Starting today.The Buyback Programme will commence today and will continue, subject to not being completed earlier, until 31 December 2020

[sarkasm] 11/11/2020 12:27

Minds + Machines Confirms Launches Share Buyback As Confirms Profit

Wed, 11th Nov 2020 12:01
Alliance News

(Alliance News) - Minds + Machines Group Ltd on Wednesday confirmed that it is profitable and cash generative, with the majority of revenue recurring, as its interim chief executive officer and chief financial officers get to grips with the company.

Shares in the internet domain name firm were 32% higher in London on Wednesday at 5.00 pence each.

"Since our update on October 30, Tony Farrow has assumed the role of interim CEO. In his first week he has worked with Bryan Disher, interim CFO to review the company's billings, cash flows and overall financial position as well as the day to day operations of the group," Minds + Machines explained.

As part of this review, the CEO and CFO have confirmed the company is profitable and cash generative.

Farrow, the company's former chief operating officer, and Disher, previously a non-executive director, were appointed to the interim roles late last month, after Minds + Machines concluded an investigation to determine whether some revenue was incorrectly recognised in relation to a contract entered into in 2019.

As a result of the probe, 2019 revenue was revised lower and CEO Toby Hall and CFO Michael Salazar left by mutual agreement with immediate effect.

Minds + Machines added: "We continue to see strong renewal billings. Operating cash flow for 2020 is expected to exceed USD4.0 million, which would result in available cash at December 31, 2020 of more than USD8.0 million."

The company said it is committed to steps that are expected to reduce operating expenses and cost of goods sold in 2021 when compared to their expected amounts in 2020.

In addition, as a result of recent management changes, 46 million options and restricted stock units were forfeited, thereby reducing the company's fully diluted shares by approximately 4.7%.

Minds + Machines said it remains committed to returning excess capital to shareholders.

"In light of the cash generative nature of the business, the available cash and confidence in respect of future cash flows, the board announces that it has approved a share buyback programme of ordinary shares of no par value in the capital of the company up to a maximum of GBP2.3 million," Minds + Machines added.

It continued: "The buyback programme forms part of the group's broader strategy to deliver shareholder value and the company will buy ordinary shares in the market as well as any larger lines of ordinary shares, should they become available."

The buyback programme will be managed by finnCap Ltd, the company's broker. The programme will start on Wednesday and will continue, subject to not being completed earlier, until December 31.

By Paul McGowan; [e-mail]