Sphere Medical Share Discussion Threads

[dusseldorf] 06/11/2017 09:41

johnlewis79 - I think crypto currencies will be the trigger for a general market correction. Bitcoin is so strong as it is the backbone of many other crypto currencies (like for example the US dollar is around the world). Tokens (Tokens being the equivalent of a share in a company) - are also sometimes valued solely in Bitcoin.

To give you an idea that cryto currencies are diverse I'll list you what I have invested in - each project had commitments ranging from $20 - $40m funded entirely from Bitcoin or Ethereum currency:

- BitAir - A company aiming to provide payment systems for travel and tourism
- Cobinhood - A crypto exchange with it's eye on FX too, that can process 1,000,000 transactions a second. It's also aiming to be the 'Goldman sachs' of the crypto world, underwriting the floation of large companies in the cryto space.
- Change Bank - A bank that allows anyone (including farmers in the middle of nowhere Africa), to have a bank account based on cryto currency, but with a debit/credit card. All you need is a basic smart phone. Also looking to diversify into property investment and other opportunities in developing countries.
- Electroneum - UK based company targetting online gaming and betting markets with a coin 'Electroneum' (raised $40m in 4 weeks), that can also be earned for free (alebit small quantities) via a mobile app
- CrowdWiz - A collective voting investment platform. Anyone can set up a 'mini' fund with any assets they choose. people can choose to invest in that fund via a market. The decision the fund makes will be based on a proportional voting system of all the people who hold a stake in the fund.
- Covesting - Enables your average Jo to invest and copy trades of some of the worlds best traders for a small fee for entry and exit based on profit earned.
- WePower - Wepower fund new green energy projects and the electricity generated from the funded project (in part, 0.9%) is credited to the Token holders for the life of the project. More projects, more credited electricity that may even be used to pay your bill.
- Larzon & Holz - FX and share trade provider moving to a project in the crypto space
- LAToken - The ability to 'sell' up to 85% of the value of an asset for 5 years (e.g. Fine art, classic cars, property), effectively listing it for trading on a market. Individual token holders can choose to buy e.g. a stake in the Mona Lisa (example only) and trade it over 5 years. The vendor of the asset either relinquishes the remaining asset for sale e.g. by auction, or buys back the 85% at current market valuation.

[cellis94] 06/11/2017 09:12

There's trouble brewing , the gun is loaded, HSBC is facing another round of money laundering question , definitely not the banks fault it's just rouge employees,I post tongue in cheek, too much easy credit available and it may bring ruin another 2007 is my prediction, best bet a put option on the 100 top share any time before the thanksgivings day or back 5 matchs to finish 3-2 on this weeks National League and Scotish league matches , the only question then is which five !

[johnlewis79] 06/11/2017 07:57

The scribblers are full of talk re an imminent stock market crash/correction as the ftse/Dow hits daily record closes. Reasons are plentiful one being the Cape Shiller ratio above 30, others int rate/inflation rises,policy failures and growth stalling could trigger a massive
correction......or not!I'm no expert but much as I thought Sphere's valuation was a nonsense, how many other Co's valuations are out of whack with the fundamentals which are not consistent with the underlying performance of the economy. Any nos of things could cause an upheaval and for once I'm happy to be out of this casino and no shoeshine boy has given me any stock tips.
or told me to buy Bitcoin which resembles the tulip mania of past where a default by a buyer caused an implosion and prices fell to 100th of previous levels. Bitcoin prices have soared from $300 to $7000 in two years which is manic imo. I know next to nothing about Bitcoin or what it's value will be a day/month from now unlike cash or gold & silver which are reasonably easy to value. Electric commerce might well be the future just not mine. Bitcoin? That train has left the station as far as I'm concerned. I/we may turn out to be fools ignoring calls from shoeshine boys to clamber aboard. They may have the last laugh....

[del44] 02/11/2017 16:49

Our hospital never could have purchased JL....as it never went on sale over here....
Besides the sales team applied...direct sales is a none starter.....but with a lack of funds was the only choice...
Devices like these need big established distributors already in place...

[johnlewis79] 02/11/2017 14:05

Del,you make my point for me. Your hospital could have purchased Proxima or at least trialled it yet they chose not to by re-ordering an unreliable device. Wonder why? Go further back up the food chain.... the answer probably lies there.

[del44] 02/11/2017 13:34

As I posted ages ago...we got new benchtops in our hospital.....They are a little smaller but lack any real robust clout to them.....they are an upgrade but I would love to know how the cost has worked out with them...We have a calibration cassette that is suppose to last for about 500 samples...but regularly falls well short of that. New cassettes sometimes show an "error in loading" message which immediately renders them useless...even though they have not been used..(They cost about €500 a cassette)
The main difference is that they now download directly to the patients bedside computer...where the last model didn't...they had to be manually inputed!!!
So benchtops are at their limit....familiar but at their limit...
Proxima has potential for a niche market, starting off.....If we can achieve that in the coming years...it will be valued....

[johnlewis79] 02/11/2017 10:21

As we head towards P5 and FDA it's worth remembering that we suffered at the hands of the b/top players who had strong links to purchasing managers in the NHS and no doubt concocted all sorts of deals to protect their share. Keeping a superior product out was a priority. Maybe that's one of the reasons we never became a serious threat confirmed by the mrkt who never considered us a winner, at best a survivor.
None of the big boys reached for their cheque books did they? They didn't even think it was worth buying us and burying us. That might turn out to be a big mistake if we can soldier on for a couple of years. I don't believe W wants to chair Sphere into the ultra competitive US med device market that would be too costly and risky. If there is any value in Sphere it's at any price sub 2.822. So look at it this way you'll have more chance of making money sub 2.822 than the 90 IPO. It would help our cause if we could show some decent revenues to any interested party(s). The future past is way too close for comfort!

[johnlewis79] 02/11/2017 08:56

Effectively I have quit the market Sphere (on my books as valueless) my only personal interest. Concurrent to this I am aggressively reducing borrowings as the era of cheap money is over or will be soon and when Basel 1V regulation comes into force banks will be required to hold more capital mostly supplied by you and me. I was caught badly years ago when rates were 15% plus, not helped by my bank overcharging me thousands in interest! Never again.

[johnlewis79] 01/11/2017 06:58

Paul McCartney's clapped out Aston is up for sale at twice Sphere's mrkt value. The 'Beatle'/ classic connection always sells well
Mortifying that a bloody car is worth more than a business that's had £70m invested in it over the years. Actually when I come to think of it a pckt of cornflakes is probably worth more.....FFS!

[johnlewis79] 31/10/2017 10:52

For someone who has come to the end of my risk taking life crypto currencies and all other forms of financial mass destruction are of no interest. Good luck DD down these....... to me obscure
alleways but 'readies' gold and silver (if i had any) appeal to me more.

[cellis94] 31/10/2017 10:32

Fiddle sticks, Bitcoin , crypto money , brass washers it's gold or silver and if things get really bad ,rice , oats and a well stocked pantry , or a plastic bag to put on your head before some one shoots you , let's hope sense and fairness win out

[dusseldorf] 31/10/2017 09:23

johnlewis79 - regardless of someones age, people need to start looking at crypto currencies. They will replace fiat currency eventually, I am certain of that. ICO's (Initial coin offerings - a bit like IPO's) give investors a tangible stake in the success of a company, quite often based on financial performance metrics less so voting or ownership. It's a little like the wild-west gold rush, but quite often returns of 300-1000% are not uncommon. Crypto currencies are the single largest risk to the 'traditional' financial markets (banking) that exists today.The banks that do not adopt, will fail. I've been investing in traditional stocks 20 years and I've never seen such exciting opportunities. Put simply crypto currencies (such as Ethereum) are 10x 'smarter' that fiat currency. You can write technical contracts for a currency which bind all parties to certain rules and metrics..

I get the fact it's not easy to get into or understand how this new market works, however, there are one or two companies trying to make it more 'retail' friendly.

Take a look a British start up Electroneum Ltd. They raised $40m (at effective 1 cent per coin sometimes with discount) in 4 weeks from PI's directly purchasing their coins from the company using Bitcoin and Ethereum (the two main crypto currencies) as payment - including myself. That's not smoke and mirrors it's a genuine $40m and they had to close funding 1 week early. Crypto currencies that succeed have mass adoption, even some of the more established currencies do not have the momentum that Electroneum has.

Electroneum aim to take on Paypal and are releasing windows compatible desktop 'mining' software tomorrow (transaction processing that secures payments). Mining is how bitcoins are generated - its basically getting paid to process someone elses transactions anonymously, in this case people get paid in Electroneum coins. There is no capital risk, just download the software and start running. 360,000 people have registered of which 200,000 contributed financially to the company. I've no idea where the price of Electroneum will go, but I'm hazarding a guess you will see them in the mainstream media shortly as a stand out example of british success/innvoation (I do not work for the co. BTW, just an investor). Those people who download the software and start mining early, are those who stand to make the most return.

Have a read of their whitepaper if it's of interest:

[johnlewis79] 31/10/2017 07:17

As the share owning democracy becomes a thing of the past as new entrants to the market decline and IPO's
show little signs of life, W will want to get Sphere relisted / sold asap. Ten years ago there were 3000 cos listed now barely 2000 (similar decline in NYSE) and JPM state the traditional equity is in absolute global decline. Knock on effects will be numerous, the infrastructure will whither away, less choice to create a widespread portfolio and perhaps those cos remaining in 10 years time will be more valuable if only for their rarity value and they are likely to be stodgy conglomerates. Pis might in future be excluded from sharing in the wealth system via pensions etc....not a pleasant prospect. Add shares to the decline in oil,land,coal & jobs etc,....

[johnlewis79] 29/10/2017 06:22

There's a big difference in the flow of info Woodford has access to between public & private companies. Regulations see to that in the public quoted sector however not so in the private field. He will have (if he wanted) daily talks with LVO on all aspects of the business from what's happening in the real world to the very latest sales figs. Given this W will have a much better idea of Proximas prospects and to estimate an appropriate valuation. We all knew that Sphere's value totalling less than the bods annual salaries was nonsense and a break from the hysterics of the market was the way forward. That we had to suffer a fall from 6 to 0.5
to achieve this shows how dangerous markets can be when faced with uncertainty.
They never gave us a break in all the years I have been invested, in fact every positive achievement and there were many ensured a fall in the companies value.
This can be rebuilt. I'm sure over the next few years
a more realistic value will emerge. After all W must have seen enough evidence to take the Co private and invest further if only to the FDA stage. Should we reach that position do you think the Co will be valued at less than a million?

[johnlewis79] 26/10/2017 10:44

Granted the main focus has shifted back to r&d and eventually the US but not without the help of a bigger player as the sums involved of relocating to the US & setting up anew would be prohibitive. Doubt our newly appointed European distributors are best pleased if Sphere is scaling
back on P4 sales particularly if they have a stream of hospitals signed up. To abandon Europe would be suicide in my opinion especially with lactate added the market for P4 is considerably increased. I'm hoping that come the FY results statement hospitals on board will have materially increased. If we cannot demonstrate European demand for P4(+) why would the US be any different? Would they invest in a product that had no sales record or strong commendation from European clinicians? I think not.

[cellis94] 26/10/2017 10:13

P4 uk and Europe is virtually shelved , if any of the 6 hospitals request stock it will be forth coming , and if any of those who had demonstrations decided to use P4 I'm sure their orders would be met , but with the sales team disbanded to save costs for development on a automated P4 ,whatever that is , it's all down to the US hospitals who see value in using P4+ either to gain more patient numbers by reducing costs or hospitals wishing to increase margins

[johnlewis79] 25/10/2017 16:42

Well I guess there are lots of possibles but when your in the hands of a Beauracratic edifice like the NHS etc...its a real hard slog. But the slog obviously was a lot harder and longer than we ever thought at first, so here we are sucking our thumbs relying on others to get us out of trouble. Do you think that's gonna happen? Probably not.. given past experience we were headed to the breakers yard, saved by Woodford ringing the bell at the nine count. Still we do live in hope, albeit forlorn mostly and at this early stage, keeping the faith is our only option. Goodness knows I hope sales confirm my pessimistic outlook else the share price will bounce to 3/4 p. Never happen as you all know only too well as the scope for obscurfation and ambiguity is contagious in the London Markets. I'm. prepared to take a loss on my stock probably of about 4-5p down the line because in my experience nobody but nobody GAF about pis.Hope I'm wrong but I bloody doubt it!

[cellis94] 25/10/2017 10:13

John - Re Woodford's new , it's news but not as we'd like it , I'm surprised you emptied the coffers in Sphere , all your eggs in one basket so to speak , both You and Del, myself included and a few others thought Proxima would sell , you never know if a distributor might have helped, I also wonder if any distributors might have lost trade else where if he was seen by others to helping a competitor, money talks!

[johnlewis79] 25/10/2017 08:52

......to keep investors informed we are committed to providing full disclosure of the WPCT holdings on a monthly basis...(Woodford).

[cellis94] 25/10/2017 08:34

Looking after the grandkids today , it's as difficult to get food into Samuel as it will be to get news out of Sphere , he was 4 over the weekend and his sister 18 months and they both nearly weigh the same !

[johnlewis79] 25/10/2017 07:01

Prescription app* Echo raises £7m to fund new products....(*reminds patients to take their medication & prompts reordering). Echo makes its money by taking a % of the profits generated by pharmacy partners ( stiff comp via Boots)....Echo say they can improve patients health via usage of the app. Where have I heard that one before? Yet we couldn't raise two bob!

[johnlewis79] 25/10/2017 06:38

K&C REIT a real estate inv trust wirh a mrkt cap of £4.7m announced its internation to raise £150m via a placing having secured £100m of new debt facilities. And we couldn't raise two bob!

[johnlewis79] 25/10/2017 06:19

WPCT fund share price down c.16% since launch and showing an 8% discount to nav. Lots of unhappy pis over there! Try being a shareholder wiped out here!

[johnlewis79] 25/10/2017 05:54

Morning Del, all. Yea I read that so balance of 2016 &'17
no doubt will be amalgamated
and as you say 6-9 months down the line but as we're now part of PCT fund (not doing very well atm) they may be released as the fund announces its results. Just a guess but as we now play by different rules...?

[del44] 24/10/2017 20:58

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