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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Socialgo | SGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.065 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.065 | 0.065 |
| Top Posts |
|---|
Posted at 31/7/2013 15:19 by norbus Dominic I hate to say this, but you, Dominic wheatley whom I judged a man of integrity, William Astor, and the board behaved rather badly ; You know this and that you have demeaned yourselves for small money. The City thinks not too well of you Dominic. I only came in to follow TA, stuck it out thinking you were honourable. I am disappointed, I also find it diabolical that all links to the business of SGO and shareholders are cut off. You stole the Shell that could have been the route to recovery. You have left the business stranded and taken the legs from underneath it. Shame on you. |
Posted at 31/7/2013 11:50 by the analyst Norbus, Good question. I don't know whether there would be a quick fix alternative that would get them into profit with their new low cost base. There might be, but I don't know the ins and outs of the product well enough to say for sure which specific fix would make the difference - that is, I haven't set up any websites using V2 for serious use, only looked over it and compared to V1, looked at the sites being produced using it, customer feedback forums etc. I was looking for a serious investment into the company as the fix - to develop mobile, add all the missing V1 features to V2, provide proper tuition, customer support, dedicated technical forums etc. That is, to give the customers what they need. My thoughts were that to do that, they needed cash, or better, to reverse a profitable, growing SaaS company into SGO - a company looking for a listing, that could take advantage of the huge past tax losses and that could use their skills and money to fix V2. Even if such a deal only valued SGO, (along with the listing and losses) at £2m, it would have been worth it. As it stands, maybe there is a quick fix to get things going, but I don't know what it would be. |
Posted at 16/7/2013 12:20 by the analyst Regarding the shell, I don't see any real value coming from it. At least, not for original SGO shareholders.Past experience tells me that they will simply reverse a reasonably-sized company in so they can save face - so that they can say they 'transformed' a company with market cap of less than £Xm into one of £XXm, but failing to mention that shareholder value (share price) was destroyed during the process. At best, I could only imagine the shell being worth the equivalent of, say, 0.2p per share in a few years - that is, if they find a good company to reverse in and things go really well thereafter. An opportunity might well arise for a few to make a quick buck by speculatively trading on that possibility, but just pin money. I'm away travelling for the next week or so, but will contact Dom when I'm back and update you, WT etc (privately) if I manage to get an update. Maybe I might be able to meet Dom privately again, away from Nomads, where we can be a bit more open about whats going on. Cheers |
Posted at 16/7/2013 12:16 by the analyst Norbus, Yes, it's a good question. You would think, though, that if selling SGO was order of the day, then they would have done it ages ago. Perhaps they already tried and failed, but nobody on the Board understands the social sector well enough, or has the industry contacts to sell it? I'm stuck in two minds here. Half of me trusts Dom to do the right thing and keep PIs interests at heart with DWAV. Remember our meeting back in the early V2 days... on the question as to whether he would take it private and leave investors with nothing - the response was pretty passionate, unambiguous, to put it mildly. I hope he stays true to his word on that. The other half of me - the part of me that has seen this type of thing before with other companies says that we will get nothing. Cynics are already suggesting that Dom wants to take it private just so that he can then eventually dilute AH etc out for having not done their job with V2. In which case, we will get diluted out at the same time - collateral damage. |
Posted at 16/7/2013 03:58 by norbus TAThis is one that shows you can fool all the people all the time! . I second WT Q on sale if SGO sold now and existing holders hold more in Tavistock as a result could present better outcome. |
Posted at 15/7/2013 08:55 by flopinfo another cretin who got smashed up on thisTOP Traders Thread !!!! - CR 27macca - 07 Jun 2013 - 10:02:48 - 265171 of 276224 SGO sounds good to me that RNS, worth a dabble down here. Chairman's statement ____________________ I was appointed to the Board early in May with a mandate to review the Group's present operations and to consider options that might deliver greater value to shareholders. That review is now well advanced and I look forward to being in touch with you in the near future to update you on the progress that has been made. The Board would like to express their thanks to the dedicated staff at SocialGO plc, all of whom have a stake in the future success of the Company. Oliver Cooke Chairman 6 June 2013 CEO's statement TOP Traders Thread !!!! - CR 27macca - 03 May 2013 - 08:58:05 - 253417 of 276224 SGO being overlooked on what I think is very interesting news. SocialGO Plc (the "Company") is pleased to announce the appointment of Oliver Cooke as Executive Chairman with immediate effect. Dominic Wheatley, the former Chairman, has taken on the role of non-executive director. Mr Cooke has been appointed to the board of the Company with a mandate to assess its current operations and to propose a course of action that will deliver value to its shareholders, which may involve the disposal of the Company's current operations, acquisitions or new investment into the Company. ALSO, this suggests there may be some buying from the new guy?�� Mr. Cooke does not at present hold any shares in the Company. TOP Traders Thread !!!! - CR 27macca - 03 May 2013 - 07:19:48 - 253301 of 276224 Yes indeed and it def needs medicine but this looks very good news to me at SGO with it being so low,it needed some new life pumped into it. Sounds like he will be buying shares also after the comment at the bottom!! |
Posted at 15/7/2013 06:22 by norbus Spoke too soon ; .. I would rather SGO fought to deliver what was promised. Instead, if left alone, it might go under a shadowy transfer, having bored the pants out of Dominic. Maybe a few of the shafted bigger holders , TA, WT, N, can buy it to effect the TA/WT roadmap, bring the old techies back and get it to work. Alex & Dom, and the rest of the non performers can go away as they are diluted out. The boys buy 45% of a convenient quoted entity for £200000, and walk from their responsibility cheaply. |
Posted at 10/7/2013 12:00 by the analyst WT, Having relaunched the main sales site back in June, it would not surprise me if the 'plan' is nothing more than to see how it does over the summer, then come Autumn 'start thinking' about what to do next. The last time last time we saw real innovation and updates on a regular basis was when they had Widgetlaboratory working for them. I'll never understand how they could let them go without bringing similar talent in to replace them. All of those wasted options and warrants they threw at the wrong people - they should have been given to WL to try and keep them at the company. If they had kept them, followed their ideas, followed their work ethics, we would be looking at a very different company today. A very big company. I think we need a reverse takeover (or similar corporate action) to really make a go of it, to bring people in that are genuinely capable of doing what is needed. Even if that means diluting our holding - I'd rather own 1% of a company that is going somewhere, than 3% of one that is not. I am sure that the company can be turned around, that there is huge potential to make big money with the product and the sector as a whole. Also, I am convinced that Dominic Wheatley still wants to make a go of it. So, I'm still clinging on to hope, clutching at straws that they can broker a deal that will create genuine value for shareholders. As ever with SGO, without any real information from the company, it's more about hope, rather than expectation. |
Posted at 03/5/2013 08:02 by tomboyb ok - Just my opinion - RNS todays suggest a few things to me - 1 = SGO will be disposed of 2 = SGO will be a cash shell 3 = Looks like a Lenigas and Strang adventure - best of luck |
Posted at 03/5/2013 07:46 by ucretin KNIGEL - what derampers. What has been said is fact. The guy has a background that does not instill confidence in him turning around SGO. I had faith when the company was BGT and have stuck with it since. Sadly I was a believer and put a considerable amount of monies into this company.SGO PR is non existent but would settle for a straight RNS stating that the the company is no longer a viable operation and that all is lost. If sold, does anyone really expect to get anything back - I don't. |
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