Vialogy Share Discussion Threads

[bckttsim] 18/3/2014 12:27

This is just about to kick off !

[twix386] 18/3/2014 08:43

Meanwhile............

just wondered if anyone knows the changes required for CGT purposes to standard procedure where the cost figure is calculated, in order to allow for the Class change from VIALOGY ORD GBP0.01 to VIALOGY ORD GBP0.001?

I have done a trial run and my Cost figure is now pants. Looking at the I.R. help page suggests the change in Class is likely the reason why, but it's not too helpful at a unified answer that can be applied to an Excel spreadsheet which is catering for the previous 0.01 class only. I could do with a step by step as right now I can only assume I first need to review my broker's tax year trade download that all come through as new 0.001 and split them into those traded at 0.01 and those at 0.001 just for starters!

Twix all at sea

[twix386] 18/3/2014 01:45

I did just that - averaged down.
AR has my support. I expect a decent job to be done there and a 5 bagger at least, in time, from open offer price.

I still can't get my head around the dismal performance of SG and BD though.
Now yet another 3 months on and not a peep.......yet we've had a pipeline full of imminent contracts to come from a host of customers around the world for years!
Not a word and still nothing more from Chevron or ONGC. Equally no news from China, S.America - Brazil, West Africa, CGG Veritas partnership or from any other negs or developments. You have to start to wonder if they have all gone the way of Reliance and BP, as the answer usually comes as silence first, especially when they don't need more money!

Is the length of time between contracts still telling us that the talk has been exaggerated past infinity once again? I am sure they still expect an imminent delivery! Yawn

[timmbo] 17/3/2014 21:33

Hands up if you feel a prize prat having any money in this!

[timmbo] 13/3/2014 07:16

Looks like the only way

[ewads] 12/3/2014 20:45

sign up for the webinar..........

might find out what direction we are headed..

[flotsome] 12/3/2014 20:36

Evening standard mention of morton trading vialogy

[soldi] 11/3/2014 16:22

taf - have you noticed the share price rise? That would suggest overwhelming buys...

[taf420] 11/3/2014 16:15

these are sells, not buys, I just sold and it shows as buy, the conning you all,

[soldi] 11/3/2014 15:36

Some big buys being registered - insider news? ...or herd instinct?

[timmbo] 11/3/2014 15:34

Lol, if only I had the balls to trade, get me out of this sh1t.

[alimo] 10/3/2014 21:21

But they will have to say what it's for, surely?

[gemstar2] 10/3/2014 20:39

Dream on

The next communication will be a fundraising

[twix386] 10/3/2014 11:08

indeed GP2, but not quite yet ;-)

I listened to the BOD for a decade and their communications had a correspondingly inverse outcome, after horrendous delays. The more exciting and full of promise, the bigger the disappointment and anti-climax to shareholder value.

I still think we are due a VEC update this month as our first communication, with details of progress since last (VIY) update and detailing the status of all contract negs, irrespective of anything else. I don't think we will get this in a million years, but I think we should demand it through our 75% majority holding!

It's time for a forthright and comprehensive report on the 'pipeline of promise' in rainbow-land, and what happened and what is happening AND before the end of March!!

[greenpastures2] 10/3/2014 10:40

twix, we have all wasted too of our lives on VIY. I went to 5 AGMs. I think you should wean yourself off this one. And be very sceptical of these high tech start ups.

I think if you look at it objectively the risk/reward ratio is often too much on the risk side because private investors tend to price in hope too highly.

[soldi] 10/3/2014 09:57

O/T - Here's a company (Hardide - HDD) with a technology that DOES work, to the extent that they've recently announced an agreement with GE!

I also have a punt with this company - and am ready to add on further anticipated good news :o)

Tech lovers, please note:


3 March 2014

Hardide plc ("Hardide" or the "Company")

Major Supply Agreement with General Electric

Hardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to announce that it has entered into a Strategic Supply Agreement (the "Agreement") with the General Electric Company Inc. ("GE").

The agreement is for the supply of coating to a single component currently used by GE resulting in guaranteed turnover volume to the Company of c. $1.3million over the 2 years to February 2016. The Agreement is extendable up to five years. Development and testing work is also well-advanced on additional components which, if successful will be included to the Agreement and which would result in further minimum annual volumes. If successful, the Board would expect the supply of these additional components to GE to significantly increase the overall value of the Agreement.

The Agreement is effective from 1(st) March 2014 and helps to underpin the Board's current year forecasts.

Philip Kirkham, CEO of Hardide plc said:

"This is an exciting development that firmly embeds the Hardide coating technology in one of the world's most respected advanced engineering companies. An excellent working relationship has built up with GE over the last 18 months and we continue to work closely together on other projects including opportunities for the Hardide technology in various other divisions of GE which the Company hopes to capitalise on."


Hardide Coatings develops, manufactures and applies nano-structured tungsten-carbide coatings to a wide range of engineering components. The Group's patented technology is unique in combining a mix of abrasion, erosion and corrosion resistant properties in one material and its ability to coat interior surfaces and complex shapes uniformly. When applied to metal components in aggressive environments, the material is proven to offer dramatic improvements in component life resulting in cost savings through reduced downtime and increased operational efficiency. Customers include leading companies operating in oil and gas exploration and production, valve and pump manufacturing, nuclear, advanced engineering and aerospace industries.

[twix386] 10/3/2014 09:56

Spec7,

Not yet prepared to accept that reality though I do accept finding our target SM's/ big co's who are willing to pay has not happened and has been in direct contradiction to the BOD's statements and views.

Yet, I cannot believe that Chevron, CGG etc have moved as they did without seeing value and I do believe QRD undoubtedly adds value. It's if we can identify, penetrate the market and monetise this niche area where we add enough value to warrant payment - that was never told to us, but I believe it to be true as 75% - 90% of drilling ops don't require QRD or its additional cost in the first place. aimho

I am expecting to approach 1p sometime this year.

[spec7] 10/3/2014 09:43

"why can't we have the sort of news we felt was imminent/soon for year(s)."

Because we were fed a line as they say. this was always a product looking for a market, the market just wasn't looking for the product. They only landed on the oil industry because it failed elsewhere. Now after 10 years we have to accept its failed here. No one wants QRD at least no one who is prepared to pay anything like the money it consumes.
Like all AIM startups it was a high risk high return punt and unfortunately it didn't come off. QRD has been knocking about for 10 years, it didn't attract a single institutional investor , even the BOD didn't invest. Forget VEC, as GP says if it ever gets investment it will be diluted away too 2 billion like VIY was. If you want hope then just prey Adam Reynolds has a need for a cash shell one day. As for
"The pipeline is full to bursting for years. It's about time we saw some market penetration and delivery................" That was a couple of years ago, forget it and look forward but with a BOD with nothing to say and another placing imminent on any news of an acquisition be ready to dig deep again.
Sorry to be such a downer but the reality sank in some time ago.

[twix386] 10/3/2014 09:16

GP2,

why can't we have the sort of news we felt was imminent/soon for year(s).
For instance a sizeable contract from Chevron worth $2 MILL or more, funding secured and perhaps just one of the other pipeline deals - China, West Africa, more ONGC, something via CGG Veritas, South America, a deal from a country we filed URGENT patents in over a year ago. The hope and promise is there and would be enough if it was ever delivered upon instead of just talked up!

If we had Chevron, VEC funding and one other material contract and on which AR could add value we'd be well over 0.5p, probably approaching 1p and over on AR's plans announced.

I don't see why we can't do nicely just with what we are told to expect, if only it would ever arrive. Sure more fundraising will be needed along the way and with contracts, revenue and commercial success it doesn't have to be bad either. It could be viewed as a positive and even raised at a premium - just saying.

The pipeline should be full to bursting as it has supposedly been for years. It's about time we saw some market penetration and material delivery................

[greenpastures2] 10/3/2014 09:00

twix, unless VEC gets bought by someone for a considerable sum VIY shareholders are not likely to see any earnings from VEC for years. VEC looks as though it will be needing cash for sometime and thus VIY's part will be declining.

Otherwise it is about finding a suitable business to buy and that means no doubt more fundraising.

[larry laffer] 10/3/2014 08:01

Just in case theres any noobies on the shareholders register

The reason we haven't heard anything about VEC contracts is "they are confidential"

LOL

[twix386] 10/3/2014 07:30

I don't mind being filtered. I agree I didn't want to run the risk of nowt and I am content with that position and glad I took it in the circumstances and fait accompli we had handed to us. That doesn't mean that how we got there and the BOD's behaviour isn't worth keeping in mind for the future, as I think the old BOD should actually be horse-whipped for the way they hid certain details generally and also whilst knowingly having SG plan a restructure.

I think it was right not to go for broke and infact, on Vialogy and AR, I am actually relieved how it turned out in the circumstances & Open Offer and thankful we have this opportunity mark 2. I have no regret on the action I supported in the situation and uncertainty/stitch-up we were faced with. I agreed all along re TW motivations, but he wasn't a factor in my viewpoint. He was a self-interested antogonist for change.

My moaning should serve the purpose to increase the call for an update on VEC from the self-serving BOD. That is the purpose. Shareholders seem to think that the BOD have nothing to say or can be excused for shoddy relations. We are overdue updates re the many VEC contract negs which should include a status report on what the hell is happening therein and advise if any have dropped out. I expect one by the end of this month and urge shareholders to push for a frank account of where we are after year(s) of imminent delivery remains basically still at f.all!

VEC is where I want to see them make up for past failings and a good start would be to tell us what remains in play, where we are in contract negs and what's been happening since our last update. VIY is a new business and for me has to mid April before I focus there. I expect we will hear from AR before then.

I suppose there is an element of 'told you so' as well. I saw the repeated, numerous and various issues here for what they could become. You simply don't RNS the biggest individual items of the day only to never speak about them again because they have ended! - Evolution, ASTFS, BP - yet I allowed myself to join the majority of shareholders who simply didn't see it as an issue and ignored the clear implications together with other smaller examples in reporting and discrepancies etc. Not only do I regret that, but I am damn well going to point it out!! Kind of therapy ;-)

You have a point on the in for a penny rhetoric. I succumbed to that though I do have faith in AR having spoken to him. I believe he genuinely wants to get money back for long termers - as that includes his dad AND he's put his own money in.
I maintain that AR is a breath of fresh air and the old BOD a stale smell who were economical with the truth whenever they could be. We always got the impression we were further ahead and more advanced than we were and to this day as we wait. - funny that! We will see ;-)

[twix386] 10/3/2014 01:52

I think viewing Vialogy (now VEC) with a critical eye is absolutely essential.

Not taking things at face value and recognising the old BOD were serial over-promisers who were adept at promoting the progress whilst exploiting the client confidentiality issue - hiding news detail and hiding contract negs having ended and hiding financials - needs to be kept in mind to get a feel for the underlying situation.
I am clear that this record is real and atrocious. If you regularly hide news that is justifiably sought by your shareholders. There is little doubt this was done time and again by our old BOD because there is a long list and they pretty much got a free pass apart from my stand to point it out and demand better and until TW jumped on the bandwagon for his own benefit!

I see no evidence that the remaining BOD at VEC are keen to keep us updated after all the PR and contact to get our vote has now passed.
We have a list of pipe line contracts negs stretching over years and I am intrieged on the status of these numerous long running contract negs. They are all overdue an update and I want to hear that they are still in play, as the BOD have a track record of hiding bad news by never speaking of it again!

Come on SG and BD show us you value your disinfranchised yet remaining shareholders and don't want to hide anymore, by issuing a full status and progress update sometime in March - remembering those URGENT patent filings in numerous countries over a year ago with nothing further reported to date. LMAO

aimho