Vialogy Share Discussion Threads

[twix386] 20/2/2014 09:21

Indeed that will Prophet and it's otherwise fitting to see them pay for their commercial performance, at least until VEC funding raised, instead of us ;-)

[the prophet] 20/2/2014 09:13

-re news from VEC,well, SG and the boys are running on their own cash now, so think that might help focus the commercial mind!

[twix386] 20/2/2014 08:57

Ha ha!

Googling SG for news isn't yet qualified as stalking. Amazing what comes up though and often it's patents etc.
It's his personal life and that's why I didn't paste the link and neither do I resent his provisions for a comfortable family life. Good for him.
Where it does bite a bit, is whilst the BOD have been selling the dream and failing commercially, they have been living it at my (our)expense.
That rankles when I think about all those fundings for working capital and tie-in and where it all led us to. Failure is failure and rewards are rewards. They should be better linked.

[larry laffer] 20/2/2014 08:41

"In my general research I came across Sandeep's pad.............."

Is that commonly referred to as stalking.

Next thing you will be going through his bins.

[twix386] 20/2/2014 08:37

ewads,

Thought hadn't crossed my mind.

Can't see TB bothering either, but feel free to mention the posts that raised your suspicions? I'm off for a swim. lol

[soldi] 20/2/2014 08:36

What!? Sand deep has got a huge house and swimming pool? How's he achieved that then? VIY's earnings perhaps? lol!

[ewads] 20/2/2014 08:28

twix386 (10536) - Do you think that TB has posted here? If so, who do you think it might be. There are several posts that I've read that would tend to give some credence to this.

[sharemasterflash] 20/2/2014 08:18

Vialogys website is embarrasing.
the info on there is so out of date.....
last posted news was 2010!
A patent was assigned to us yesterday... no info on that but it tells me we only have 1 billion shares in issue

Its the little things that matter!
hardly inspires me with their super tech when they can not even look after their own website

[twix386] 20/2/2014 07:47

morning mhw28865,

Yup, now you're talking. lol

[mhw28865] 20/2/2014 07:43

Morning Twix, Should be like a time share where all us shareholders get to stay for a holiday 1 week every year!! Not sure he would agree with that though :-)

[twix386] 20/2/2014 07:35

In my general research I came across Sandeep's pad and pleased to see it's really rather nice, sizeable, secluded and with an awesome swimming pool.
I'll not post the link, but I am pleased to have helped contribute and would like to lay claim to come round for a dip in the pool, by appontment, in lieu of any other ROI. lol

[twix386] 20/2/2014 07:16

getting slightly surprised at the continued lack of ANY news - not re AR's plans, as it's only been a few weeks and more important to take time and get it right, but no holdings RNS yet, no news from all the delayed and expected irons in the VEC fire - I refer to expectations via MW and the comment from TB back at the GM, that contract news was expected soon - was that just a final parting laugh at stringing us along with his woeful track record!
I think TB's first words on learning to talk were probably "news is imminent" and variations on a theme followed by "do you post on any Bulletin Boards". lol

[the prophet] 19/2/2014 10:34

blue59

LOL! Harsh, but good post!

[blue59] 19/2/2014 10:33

10530 ......'Regarding Bob Dean, it's not yet clear, (sic) least to me, what his future role will be, but I can't see him having too much input into VIY plc,....'

So no change there then!

[the prophet] 16/2/2014 16:23

We're all in agreement then, I think, that makes a change!Onwards and upwards, we hope!

[twix386] 16/2/2014 15:10

I don't disagree either.

The record needed to be set straight and acknowledged, then come to terms with - still a little bit of work needed on that last part for me (lol), but it is cathartic ;-)
That done and warnings aplenty recognised for the apt concerns they actually were, then as I stated, the future promise looks good from here.

Frankly, I would be surprised if MW said anything different with personal relationships built up over years and also it just wouldn't reflect well. He was having enough misgivings initially right after the restructuring RNS and the new way forward and applying pragmatic reality then rescued his viewpoint when more details became available and we hit rock bottom.
I stick with my view and am thoroughly convinced from both the public and private dealings of a decade's track record. I also mentioned numerous issues at the time they occurred and reflected on what they could mean - in the round it became obvious transparency was weak and the potential to withhold news would be employed if needed. A strong ethos of self-serving with not one Director ever buying in the open market.

Going forward, I count my blessings that AR stepped in and immediately demonstrated his commitment with GBP 75k. Chalk and Cheese!
I took my full open offer shares and excess application and bought in the open market.
There should be much more integrity and ability to be factored in from now on and also as VEC has deprived us, now with a diluting asset, we may well see real commercial progress for QRD arrive with the contract holiday period over and material revenue arriving in time and at last.
I agree with post 10,530 and pretty much all that's been said today.
We have the best we could have hoped for in the dire circumstances we were left and the terms for VEC we got pushed to accept or risk all.

The old BOD have the air of commercial failure hanging over them and those left (BD and SG) are included in that track record of failure to commercialise QRI.
So far it's as simple as that with those who suffered most, the loyal shareholders who bankrolled the exciting premise of promises that never waivered, though often got delayed, morphed, needed reinventing or got dropped without further mention.

Starting here we are in a much better place, but that belongs to the newbies who are all looking at average prices of fractions of a ha'penny!!

aimho.

[spec7] 16/2/2014 12:48

Cant disagree with any of that, i did point out to FSE the share price had doubled over the right issue price. I was just pointing out why some cant move on from the old VIY days at this stage. Lets face it 99% are happy things will improve or we wouldn't still be here.

[the prophet] 16/2/2014 12:26

Spec7I agree we are waiting to see what moves the new board takes.Just a few points, it's been well publicised that the running costs for VIY have now been reduced by about ten fold, monthly cash burn is around £25k.Regarding Bob Dean, it's not yet clear, least to me, what his future role will be, but I can't see him having too much input into VIY plc, that is now clearly AR's baby and BD , I assume, will be involved with VEC, which is now clearly SG's baby.As regards as to what future direction the company will take, you are right, no one is sure at this moment. What we have is a cash shell with an interesting investment in VEC and a chief exec who has a good track record in acquiring, building and developing young companies. That is what folk have bought into.Wrt to news, that can only come, obviously, when there is some, either from developments at VEC or VIY plc. AR has only been there a matter of weeks. I'm happy to let him get on with it, far better to get the right opportunity than rush at it. With low cash burn, we are in a good position to make sure everything is lined up correctly.Eventually I expect we will have a new name and essentially a new investor base. Hopefully VEC can make a go of things. Two bites of the cherry and no need for any further funding until a suitable opp is found.I think , overall, that's a situation that gives grounds for optimism.This share is very far from being dead, as FSE suggests. 120m shares traded on Friday suggest it's very much alive, but I can appreciate for many investors VIY has not turned out as hoped. That's life, that's the past, I'm looking forwards to the future.

[spec7] 16/2/2014 11:41

TP
I agree that this is a new company and we need to look forward not back......and people will do that just as soon as the the new management prove they will not follow the old ways of Bond. Up till now we have seen no better and this is compounded by Dean still sitting at the table. People will move on once they have something to move on too but right now the management need to break the same old silence. the reality is there are thousands of us with millions invested and we don't have a clue what we are invested in. even the guys happy to hand over even more cash in the right issue have very little idea what they just funded other than working capital (wages)
Thats not looking back...thats here and now.

[the prophet] 16/2/2014 11:14

dvi
Fair points, I can also certainly see both sides. But in effect this is a new company, or new start and there comes a point where investors need to look forwards as looking back, esp with the current situation, serves no useful purpose other than perhaps making the participants feel better about themselves.

I agree, sit. here looks promising, lets see what AR can bring to the table.

[deepvalueinvestor] 16/2/2014 10:58

I can see both sides and certainly I feel hoodwinked by the fundraising at 1.25p but this is AIM and buyers beware. However, the current situation looks far more promising and perhaps wealthy investors need to bed and ISA their viy, using the loss to offset other gains, and then sit in a tax shelter for forever comes next. The crucial decision was to bite the bullet and take up the shares at 0.1p but I understand that would have been difficult for those investors who had lost a great deal.

[the prophet] 16/2/2014 10:16

there is,ofcourse, another view on all this,for example the one expressed by MW, link and extract below.

Personally I prefer to look forwards not backwards, and I am optimistic in that respect. But each to their own, regurgitating the same old stuff maybe cathartic for some.



Shareholders have attacked the board, some in vicious, infantile fury, about the lack of progress reports and the over-optimistic nature of comments about contract prospects. This has been ill-placed. Big companies take an age to adopt anything new. No-one ever lost their job by sticking with the majority and repeating a formula which has worked before. Vialogy has done well to win the contracts it already has, and more than once has been given cause to expect a deal which subsequently got trapped in the bureaucracy.

It could well be that such deals are still on the way. There was a suggestion at the agm of something good in the wings. We know Chevron acknowledges that Vialogy could have saved it tens of millions of dollars on drilling contracts, that Chevron is expanding the hunt for shale oil and gas, and that some in the company love QuantumRD. Even the unnamed major (presumed to be BP) might not be totally out of the picture, though Vialogy has been struggling for the resources to meet the demands it has been making. And CGG is certainly opening doors to new prospective QRD clients.

The old oil and gas divining game, the one which all investors and the board have bought into, only to be frustrated so far, is still alive. And Gulati has all sorts of new wrinkles to add - prospecting for aquifers, looking for minerals, scanning areas by using increasingly lower cost unmanned aerial vehicles.

It remains to be seen who emerges to back VEC, the Delaware spin-out. The decision to structure it as a private company might clear the way for investment by one or more of the big oil players. Whether that will happen, and whether it can be disclosed if it does, remains open to speculation.

Against this background, it is a relief to shrug aside the many queries posted on bulletin boards by shareholders combing through the detail of the reconstruction proposal. Some are perfectly valid, others simply willfully disruptive. The UK public company will have 75% of the American business. It can incorporate figures in the UK accounts, but realistically will not get any direct return for years. The UK can be diluted by extra funds raised in the US, but who can realistically complain at more money going in? And maybe the UK company could ante up pro rata if it became that important.

[ewads] 16/2/2014 08:46

Good post twix (10523). Lot of truths in that controlled rant.
What's particularly galling is the audacity of some of the posters here who can see no wrong.

The practice of the previous BOD does not bode well for the future of AIM. I would guess many more AIM BODs are able to get away with gross misinterpretation too. aimo of course.