Rosslyn Data Technologies Share Discussion Threads

[private38] 12/12/2024 07:49

Trotters would be absolutely right—he aptly described the situation as a "shafting." We've all seen capable management teams take a good idea and work tirelessly to bring it to life. It's a brutal process, often taking far longer than expected. However, if the idea is sound, the leadership resilient, the engineering robust, the market viable, and sales and marketing strategies well-positioned̵2;all bolstered by a healthy dose of perseverance—there's a fighting chance to breathe life into the company.

But when an idea is placed in the hands of a leadership team rotten to its core, no amount of effort or resources can salvage it. Such teams are far more adept at shifting blame and "shafting" investors because that is their business model. The CEO doesn’t back himself—his actual business model has failed. His only strategy for personal gain is exploiting others.

Why the Chairman continues to funnel hundreds of thousands into this CEO’s pockets is a mystery—perhaps he's holding out for a stroke of luck. But frankly, it’s sheer idiocy to keep backing this CEO. The sooner the Chairman wakes up to reality, the better.

[1jki] 11/12/2024 17:01

It's also worth noting that the Chairman has stumped up £250K+ 4 times now. This must be his final and last chance saloon. However, I was surprised to see a competitor win a similar contract with Amazon though.
I think the biggest shock here is that the CEO who has lost 98%+ of shareholder value since taking charge, doesn't have the courage to buy stock himself, but has diluted his option price by 95% so he get's a return. Surely the Remuneration and Audit committee chair should be all over this. Grossly unfair to all shareholders.

[trotterstrading] 11/12/2024 13:08

It's clear there are a number of wounded LTH's or ex-holders who have been shafted from their entry levels. I get that, we've all been there, anyone who invests on the AIM for any period of time will have been shafted at one time or another. The key question is determining if a Co has turned a corner, for battered stocks like this they can over enormous rewards if you time it right. While I'll concede their history is not a great advert for the Co, I can't ignore the validation of their tech by Amazon and the Top5 consultancy, which is only strengthened by the Chairman's action to pump in £265k at 5p, that ain't small change by anyone's standards.

[hastings] 10/12/2024 18:13

Spoke to the CEO on a couple of occasions when he stepped into the role. A car analogy was used, all about under the bonnet the chassis etc. Reality is, RDT has repeatedly failed it's MOT under his tenure and after inheriting a full tank it's burnt out and running on empty, stalling and spluttering to the next filling station. The New Christie Minstrels springs to mind!!

[cloudwars] 10/12/2024 17:49

I sincerely doubt Amazon would have pitted RDT's offering against others if it was vapourware..... Time will tell - I'm still optimistic- but hey I would be as I'm the Chairman and CEO...?

[private38] 10/12/2024 11:03

This mornings news of resetting options makes me rage. The boardroom of this company is a stark embodiment of dysfunction and misplaced priorities. The CEO and CFO, having repeatedly missed every target they set, are inexplicably rewarded for their incompetence while their failures cascade hardship onto those around them. Presiding over this debacle is a Chairman devoid of moral courage and leadership, content to award failure and perpetuate a culture of mediocrity. This toxic environment erodes trust, demoralises employees, and stifles any hope for genuine progress or accountability.

[trotterstrading] 10/12/2024 09:37

I'm not saying it's without risk obvs, it's £3.5m cap AIM CO with a chart that screams value destruction. That said you can't ignore the Amazon and Top 5 consulting deal (which has already bought in a deal btw) along with £265k purchase from the chairman. My take is that at current 5p level the R/R is to the upside. Time will tell

[thiopia] 09/12/2024 20:20

But it's not just the RNS in isolation there are many clearly well informed insiders/former insiders warning about the chaos/vapourware being 'sold' by RDT

[trotterstrading] 09/12/2024 17:16

Ok Harry, on that basis we may as well all pack up and go home - if you believe RNS which have to be validated by the NOMAD are flat out lies.

[harry163] 09/12/2024 15:19

TrottersTrading, you actually believe the RNS without seeing the underlying contract or knowing the state of the software that underpins the deal !!
I have some land for sale in the Caribbean if interested. Minor point, happens to be 1 metre underwater...

[trotterstrading] 09/12/2024 14:42

Correction: the contract has a confirmed minimum value of £2m - read the RNS!Of course it would only be expanded to other divisions within Amazon based on successfully development and implementation - that goes without saying. Again this is all clearly stated in the RNS:"This initial contract is with the Customer's central procurement division and, upon successful deployment, has potential to expand to at least a further ten departments. The Contract will generate a minimum of £2 million of revenue over the three-year term, of which £700k will be received in the Company's current financial year."

[harry163] 09/12/2024 12:33

@TrottersTrading. The deal with Amazon is based on the potential delivery of a product not yet fully developed and not yet delivered.
Other competitors, in this space, have also recently secured similar if not greater contracts with Amazon, on a similar basis. i.e. we will pay in full on performance.
Your Chinese economics stating the possibility of 10-20x the deal size is pure fantasy. If Amazon saw this value in the product (not yet fully developed or delivered) they would have bought the company, fired everyone and kept the IP.
Amazon did not become successful by signing contracts with small companies on the brink of collapse worth more than their market cap. Sorry to burst your bubble.

[trotterstrading] 05/12/2024 08:11

Good start, with Buys showing as sells on the bell

[shrewdmole] 04/12/2024 21:54

The amount of skin in the game at the last placing is intriguing will take a further look trotters.

Was going in first thing but looked plenty available so very surprised by the move on low buying volume.

[trotterstrading] 04/12/2024 17:33

Re the recent £2m Amazon deal secured, there is scope to expand the size of the deal by 10-20x its value.... "This initial contract is with the Customer's central procurement division and, upon successful deployment, has potential to expand to at least a further ten departments." Cavendish actually say in their note it would be expanded to include a further 15 to 20 divisions"

[trotterstrading] 04/12/2024 16:40

Strong day.. just the start of the recovery imo

[trotterstrading] 04/12/2024 09:51

Few buyers coming in yesterday and today at sub 5p placing level. With the Chairman taking £265k worth at 5p it's a simple case of follow the money!

[trotterstrading] 03/12/2024 13:18

Added to the pot, bring on the newsflow

[maty] 25/11/2024 07:48

Obviously knows what's happening

[1jki] 19/11/2024 19:00

or smart ?

[cloudwars] 17/11/2024 17:07

Perhaps he's skint?

[maty] 17/11/2024 02:14

Still no share buy from CEO... says it all

[maty] 17/11/2024 02:14

Partnership ... not sure that sounds profitable .. when the money runs out soon again this will probably be taken private in my opinion by management at a very very cheap price

[trotterstrading] 15/11/2024 11:19

Someone moping up all these sells... delayed buy to appear later?

[chrisdgb] 15/11/2024 09:33

agreed, could finally be the recovery stock of the year...! (2025)