Vialogy Share Discussion Threads

[spec7] 24/3/2014 07:40

Might as well give the whole lot away at this rate :-)

[sharemasterflash] 24/3/2014 07:14

vialogy website changed slightly.
apparently we are giving 25% of vec away...

On January 27, 2014 ViaLogy PLC, at a specially convened General Meeting in London, received shareholder approval for a radical restructuring of its operations. Details of the proposals, together with information about the successful raising of £1.6m of new funds via an Open Offer and Placing can be found by following the links headed NEWS & ANNOUNCEMENTS on this page. Among the major proposed changes are: ViaLogy will seek to add value by the acquisition and integration of a company or companies with substantial growth potential. The Directors are already appraising and evaluating businesses for such a purpose and are mindful that the first such acquisition is likely to be deemed a reverse takeover under the AIM Rules and that such developments may well require further equity fundraisings. A new US-based company, ViaLogy Energy Corp (VEC), has been established to arrange the worldwide sales and marketing of oil and gas related applications for the ViaLogy technology, QuantumRD. ViaLogy PLC retains a 75% holding in VEC and intends to offer 25% to a strategic partner. ViaLogy's new Board of directors and management team, under the direction of Executive Chairman Adam Reynolds, are actively seeking to implement the new investing strategy of the Company and a further announcement will be made as arrangements are finalised.

[spec7] 24/3/2014 01:53

Was this the article about the actress and the bishop ?

[forcemode] 24/3/2014 01:35

Can any MW subscriber give a brief summary of his latest musings in his article "Hold On, It's coming"? TIA

[spec7] 23/3/2014 13:32

Some time in the next 10 years if the past is anything to go by and even then it will probably be Boll*cks :-)

[60ken] 23/3/2014 12:33

Does anyone please know when the new directors are likely to advise shareholders of their progress and future plans? (e.g. a prior commitment made to do so. or a statutory reporting deadline approaching?)

[timmbo] 22/3/2014 09:49

Freaking jail IMO

[twix386] 22/3/2014 09:36

bang on mlf51,

I used to call that "unintentional misleading", it became so obvious and widespread.
I was giving the benefit of any doubt, but misleading it certainly was imv, year after year and sometimes they even withheld news altogether as in the famous 3 examples we have to date, plus the hiding of the financials until forced to come clean.

There should be a penalty applied for all this! At the very least in reputation.

[mlf51] 22/3/2014 08:16

I don't think he is bad either but you have to admit over the years we were not told the truth regarding QRD progress.Encouraging folk, myself included, to buy more shares than we would have had we known the true state of affairs.So what do we call him?.

[jimb2] 21/3/2014 21:47

greenpasture2,

I was also at the AGM and recall he was reluctant to comment on the status with the unnamed SM until put under pressure, and was noticibly uncomfortable with having to reveal they were not actively engaged with them.


Even when you look back at the finals things were made to look pretty positive, given that was end of September barely a month before the AGM bombshell, well let's be honest we have been strung along.

He has had more than six months to negotiate financing for VEC and to date there is no evidence that any progress has been made.

As per the restricting proposals negotiation were already ongoing prior to the AGM with existing clients and institutions.


We can only judge on results which are abysmal, question is of course has the science failed?

There has been no shareholder value delivered,

Things look different when you are looking at 80℅+ losses and no sign of contracts from Chevron, CGG, Brazil, India, China plus others.

GL

[greenpastures2] 21/3/2014 19:22

Bob Dean probably did the best he could in the circumstances. It looks like the software needed more development and he was, I suspect, constrained by lack money.

He came across to me at AGMs as a genuine, honest person.

[ukinvestorshow] 21/3/2014 12:44

will be appearing at the UK Investor Show, 5 April 2014 at the , Westminster. Company directors will be attending the show. Be sure to turn up and ask any questions you have. Also attending will be , author of The Darker Side of Blinkx, who will be revealing some material not previously seen elsewhere. All £50 Gold tickets are now sold out, but there are still some £10 tickets left, click the button below to get yours.

[the_doctor] 21/3/2014 12:06

Something to watch??

hxxp://www.imdb.com/title/tt1224378/

[spec7] 21/3/2014 09:18

I hope you are right Twix but i see the last 6 months events as a sure sign that even after 10 years the BOD could not get a commercially viable contract for QRD. sure people will give it a go for free but even with CGG behind it the revenue was negligible. In the last couple of months we have heard nothing re funding for VEC despite rumors of SM's waiting for a reorg so they could invest.
I dont know what the future holds anymore than anyone else but i'm only still here because i hope for something a lot better than QRD or we will just be going down the same old route of endless funding and failure.

[jimb2] 21/3/2014 08:45

The Board will continue to consider further senior appointments to strengthen the management team and provide the expertise to exploit the opportunities presented by the Proposed Restructuring.

Maybe they have someone in mind,

GL

[twix386] 21/3/2014 08:41

obviously the comment was re QRD and VEC.
MW stated contracts were still expected last write up and I see the route there as most likely a Chevron contract followed by funding (if anything ever happens) and a pure guess and could be other.

If QRD and VEC is dead and gone, then the old BOD played a blinder.
I still don't believe it's not got a place in the commercial world. We will see
Meanwhile try telling F11 that. If he ever has the guts to return. lol

[spec7] 21/3/2014 08:32

Twix
I cant get my head around you waiting for contracts ? Until we know what the company actually does now i cant see any contracts likely and as for the the old qrd stuff ? dead and gone imho. Its was dead and gone years ago. its just now its dead and gone with no funding either.

[twix386] 21/3/2014 08:16

Yes, I expect the only contract that was well drafted was his own resignation keeping his options. LOL

One assumes some dead wood has been chopped off, though I would love to know what's going on as I hope he didn't jump because he saw the writing on the wall for VEC going the same way as Vialogy this last decade. Still NO NEWS on any contracts, funding, progress etc. As I stated a pipeline of promise and that's where it stayed.

So, only ONE original director left - SG.
If there was a way to make him pay for the abject commercial failure without harming our current enterprise I'd vote for that. Let's sling him out on his ear too! LOL
Meanwhile all is quiet and silent with 9 months to go until IP returned.
Anyone heard talk of imminent contracts. LMAO

[spec7] 21/3/2014 08:03

I have to agree this can only be good news. The guys track record of success here is zero.

[spec7] 21/3/2014 07:29

Hmmmmm, Still something happening behind the scene ....Wonder what ?

[timmbo] 21/3/2014 07:15

!!! 0.4p today, welcome back viy Friday

[dire cons] 21/3/2014 07:07

Friday 21 March, 2014
ViaLogy PLC
Resignation of Dr. Robert Dean
RNS Number : 8231C
ViaLogy PLC
21 March 2014


ViaLogy PLC ("ViaLogy" or "the Company")

Resignation of Dr. Robert Dean





The Board of ViaLogy announce the resignation of Dr. Robert Dean with immediate effect from the Board of ViaLogy by mutual consent.



Dr. Dean will receive no payment but will be entitled to his options granted to him on 19 March 2014



Dr. Sandeep Gulati, who is CEO of VEC and Chief Technology Officer of the Company, will report directly to Adam Reynolds, who will fulfill the role as interim CEO and Executive Chairman.





For further information:



ViaLogy PLC

Mark Collingbourne

[e-mail]



Nominated Advisor to ViaLogy PLC (Cantor Fitzgerald Europe)

Mark Percy / Catherine Leftley - Corporate Finance [phone]