Vialogy Share Discussion Threads

[high park] 02/3/2014 21:03

First attempt to post a chart.



Gold cross in the making, not confirmed by the 230 average, but enough to give one hope.

[greenpastures2] 02/3/2014 17:58

We do not have much choice to do other than hope a suitable investment is found. I guess when there is one Spec the funds required will be raised.

It is looking like we can discount VEC. Five months since the AR was published.

[the prophet] 02/3/2014 17:05

Spec7

May be worth your while reading this.
Indicates cash is £1.5m and no liabilities.
We're an attractive cash shell with a guy with a good track record in charge. I'm happy to see where that takes us.

[spec7] 02/3/2014 16:29

Twix
Forget all that,it was all Boll*ks then and is even more so now. what you should be worrying about is if VEC doesn't get funding we are a cash shell with less than £1m and a 70% stake in nothing. QRD didn't work as a financial business, that's not likely to change for VIY so without a new direction we are all dead but on life support.

[the prophet] 02/3/2014 16:28

Spec7Yes, as I've said before, VIY is a cash shell looking for a suitable opportunity, which also has an investment in VEC. I've never pretended or stated the situation is other than that.I posted the cash burn, which has been reported elsewhere, as it's very low and what it does do is give ample time for AR to come up with something suitable. There are no guarantees, but the guy is well connected and has a good track record.FYI I heard Bond received no pay off, think that was via MW site. As ever, please dyor.TwixI agree with your thoughts on VEC, the time lines stretch into infinity.Well, they used to, they won't anymore. Either the VEC guys come up with the commercial goods and funding or it's good night Vienna for them. In the meantime, it is costing VIY plc nowt. I'm happy with that, if that ain't an incentive, nothing is!

[twix386] 02/3/2014 15:03

Assuming BD has continued contract negs, underway already for year(s), then there's a long line of 'shouldn't we have had something more by now'....

Long awaited further Chevron - even hoped to be a material award in terms of revenue from our replacement blood brother.

China - anything at all! Been very nearly 1 1/2 years!!

The patents filed in a rush and urgently in several new countries well over a year ago - just why the urgency!

More from ONGC or an update. sole source and peanuts!

Contracts/progress from CGG Veritas partnership. Took an eternity to arrive and will celebrate 1st year's anniversary of RNS in about 7 weeks.

West African co

Latin America - Brazil etc

The above have ALL gone on way past reasonable in terms of failure to deliver or overdue comment/update. It's laughable if you remember the hope and hype.

When China (substitute any one of above examples) was first announced we expected the BOD were already well advanced and first news could come any month....well, within say a year. That's now long passed.
Our consistent expectation for 'better and sooner' has been met with nothing more than 'quietly dropped or much much later and often disappointing'.
Bondo was even dropping hints back at the GM of something on the way soon.
It's clearly better advised to first assume we are actually further behind rather than ahead and make allowances.

[spec7] 02/3/2014 12:32

TP
You do not know what the legal and logistic costs were to break up VIY from VEC or what Bonds pay off was. I cant see how anyone can predict the cash burn in this situation given we don't know what the situation is.
I'm quite sure you are very happy and all is rosy in your garden but the truth of the matter is this is still a company with no remit. no income, no saleable product and no staff. VEC is still without funding and VIY is a cash shell dependent on VEC which without funding is dead in the Water.
The plus side is the directors investment and Adams track record but until we know what is really going on, the past says we must take that with a pinch of salt.
As for burning £250k a year.....on what exactly and what do we get in return ?

[the prophet] 02/3/2014 12:01

theres nothing to communicate right now, the plans have been set out.
Also re 'last placing is dwindling' it has been well reported that VIY plc are burning £250K a year, so they've got , what, 4+ years before cash is burnt, so no problem at all on that front.

[spec7] 02/3/2014 11:41

Gold star to Timmbo. :-)

[timmbo] 02/3/2014 11:07

We haven't got it!

[spec7] 02/3/2014 10:43

gem
I totally agree and i doubt it will be 3 months probably more. The problem is they want to expand by acquisition and they don't have any money. They cant come back for more yet so they will have to wait and all the time the last placing is dwindling.
People have got used to 10 years of placings and nothing in return while directors get rich, they need to break this pattern asap and more importantly, convince the shareholders they have broken this pattern. Key to this would be communication and guess what ?

[gemstar2] 02/3/2014 09:33

People are too impatient here

I would not expect VEC or the new board to announce anything of substance for at least 3 months

[the prophet] 28/2/2014 13:27

Jimb2
I think the plans have all been set out in the circular and the RNS.Seems pretty clear that VEC will be using QuantumRD and VIY may look at other apps like mining, whilst looking for a suitable acquisition. I'm not sure they can say anything more than that till something happens.

Yes, the clock is ticking for VEC, its not costing VIY anything, so they will either make a go of it or not.What we have is a clean cash shell with a very astute guy heading it up, along with an interesting investment in VEC. The directors have put a sizeable amount it, warrants/options don't kick off till share price >.5p, so everything for everyone to play for.

[jimb2] 28/2/2014 13:20

Well one thing is for sure,

two months have passed and Adam Reynolds has not made an official statement on what he plans to do with the tech, I've seen one or two posts suggesting he has held phone conversations in response to individuals calling him.

And another sure thing is VEC have ten months now to deliver or surrender QRI to Vialogy at which point it will be proven to be worthless and so not much to look forward to.

GL

[the prophet] 28/2/2014 12:52

jimb2
I don't know why Atascosa was not transferred, its so tiddly to be not worth asking the question, but I would guess its probably something like the contract doesn't allow for a change, or its simply not worth any hassle transferring the contract.
But VIY plc will not be getting involved with any oil tiddlers.There may be some margin in VEC/AR using their contacts to see if QRI could be applicable in mining industry, but that is all very much secondary to the main aim of acquiring a suitable business for VEC to reverse into.

[spec7] 28/2/2014 12:45

I cant see how VIY can do anything with QRD as all the staff went with Sandeep.

[jimb2] 28/2/2014 12:16

Well TP,

You seem confident!

My understanding is VEC concentrate on the Upstream clients, still I might have this wrong, although why not just transfer the Atascosa agreement to VEC in the first place? I doubt if it's generating more than $1500 per month.

GL

[the prophet] 28/2/2014 12:03

news to me, jimb2
I can understand that VEC want to concentrate on the large outfits, but they may feel some sort of obligation to Atascosa, or may even be contracted.I can tell you pretty confidently that the small companies will not be dealt with through VIY plc, that won't happen.

[jimb2] 28/2/2014 11:56

TP,

My understanding is VEC will not deal with smaller companies, well only through Plc.

Pretty sure that's the case.

GL

[the prophet] 28/2/2014 11:50

jimb2
the agreement applies re the Galba oilfield working interest. If these new wells are in a different area, as seems the case(?), then VEC will be handling it. As we own 75% of VEC,VIY will benefit whatever happens.

[the prophet] 28/2/2014 11:32

No, whose andy reynolds?

[busyderek] 28/2/2014 11:26

Anyone tried contacting andy reynolds?

[blue59] 28/2/2014 08:35

From today's BBC news.....

'Criminal gangs who trick people into investing in worthless shares have been targeted by police in the biggest ever international crackdown on the fraud.'



ps Just goes to show there are two born every minute!

[jimb2] 27/2/2014 20:06

Vialogy number 63:



GL