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Yeah, that is interesting...Stephen Streater discussed this back in November 2018 at the ShareSoc Presentation
It is in the video here at about 19 mins 20 seconds into the video
https://www.youtube.com/watch?v=Z5LZv9wM5YU
An independently run test has shown that a social media site using Blackbird could swiftly take down all objectionable content originating from a single source. A worldwide first.
https://twitter.com/blackbirdcloud
FBT has Gfinity as a client.....Gfinity are clearly going places and the work using Blackbird should only grow along with it
" Gfinity soars as it teams up with HP to bring esports to the masses"
https://www.dailymail.co.uk/money/markets/article-7014757/SMALL-CAP-MOVERS-Gfinity-soars-teams-HP-bring-esports-masses.html
So next up.....The grant of awards to Directors and certain other employees under the New Incentive Plan...let us see what they turn out to be...Hopefully we can soon begin to see what contribution Stephen White is making and what value all his contacts in Comcast and NBC turn out to be...... they should be more useful once he knows his Incentive Plan value !!!!!
Sound very positive,and seems like the compny is heading slowly but surely to the promised land......YET, not much reflection on the SP....opportunity to add few more me thinks ,way to cheap,and will rise handsomely sooner.....or a wee bit later....GLA.
There's an RNS this morning.
Forbidden Technologies plc (AIM: FBT), the developer and seller of the market-leading cloud video platform, Blackbird, is pleased to announce that Deltatre has signed an agreement to extend its use of Blackbird for a further 12 months.
4 April 2019, London – Forbidden Technologies plc (AIM:FBT), the developer and seller of market-leading cloud video platform Blackbird, is pleased to announce that Gfinity, one of the world’s leading esports companies, has extended its Blackbird partnership for a further 12 months.
https://www.blackbird.video/news-articles/gfinity-extends-blackbird-partnership-for-the-delivery-of-esports-clips-and-highlights/
Ian McDonough has to get internal clearance of possible "insider trading" before purchasing shares...so ... although he clearly knows which companies they have "begun" converstaions with out there on the West Coast ...he knows nothing more about whether these discussions will lead to anything or not......but...it is clear he has and still remains confident in the team, the product and the future .... a man who is clearly showing patience and continued belief...
A lot of eggs in one basket for him...so to speak
Such a purchase will surely keep many other investors waiting and hanging on ..similarly...patient
Next we need to see a reasonable purchase of shares from Stephen White, once he settles in...in April
Always a good sign when management increasing theirs holding.....and with a price that is still above the current.
Forbidden Technologies plc
("Forbidden" or the "Company")
Director/PDMR/PCA Shareholding
Forbidden Technologies plc (AIM: FBT), the developer and seller of cloud video platform technology using its patented Blackbird technology, has been notified that on 12th March 2019, Ian McDonough, CEO of the Company, and his wife Syarifah Aidid, a person closely associated with Ian McDonough, together purchased 476,700 Ordinary Shares at a price of 7.85 pence per share and now hold a total beneficial interest in 3,539,562 Ordinary Shares, equivalent to 1.20 per cent. of the Company's ordinary share capital.
https://www.blackbird.video/thought-leadership/the-new-game-in-town-the-need-for-speed/
https://www.blackbird.video/thought-leadership/the-new-game-in-town-the-need-for-speed/
And this will help....
https://petition.parliament.uk/petitions/242399
News yesterday were not that bad........like I said will watch where the SP settle before adding few more as the retrace represent an opportunity IMHO.....and yes always DYOR.....GLA.
theres a lot down this week in my watch list, a lot of uncertainty around.
keep smiling
Hay Brantabernicla
I take everything on BB's with a pinch of salt, the only reason I look at them is to expand my knowledge and I stay away from the bickering that takes place. I do my own research and trust in that for better or worse.
Down again today, guess it's time to let this one sleep for a while until the next RNS.
GLA
Hay Martin
Don't believe everything you read on here, Rampers galore,
manipulation
Cheers Pokerchips. I'm happy to hold and was pleased with the RNS only to see the result on the SP. Thought I would see a blue day today. Never mind, I've got lots of patience.
I think the SP has dropped because a few shareholders have sold believing that the achievement of "bigger" West Coast contracts are still some time away...IM hinted that with his wording...He said discussions have "begun" where as shareholders believed and hoped the discussions would be more advanced than using the wording "begun"
I also suspect that IM was disappointed that the revenue figures were not better and that he had not been able to sign more influential customers and contracts by the year end.
Still, the potential is there and a stronger team in place for the year ahead.....
I am sure the sellers will invest elsewhere...make more profits..and come back ....
Operating costs will go up if you bring in more staff.
Cash in the bank, how many AIM companies can say that. The Company is debt-free with cash of £5,032,087 as at 31 December 2018 (as at 31 December 2017: £1,752,349) +£3.25m better off. Gaining more contracts and extending existing ones.
SP drops over 10%. Makes no sense to me.
" Positive"
We are committed to maintaining the superiority of our video production codec including working on the next generation of our Blackbird codec
Our strategy is to integrate with specialists in their field and we are in conversations with market leaders including multiple major public cloud specialists.
To date we are ahead of our invoiced sales figure recorded this time last year.
This has been a record year for revenue,
53% of revenue is from recurring infrastructure solutions (2106 -28% )
The Group is debt-free and had cash at 31 December 2018 of £5m
Contracted order book is 40% higher year on year
Deferred revenue book is57% higher year on year
We have begun conversations with potential customers and partners across North America including the West Coast tech giants, the traditional national media networks, the local and regional players, and the many emerging digital publishers.
Adrian Lambert, an experienced senior marketing strategist, is now the Marketing Director.
" Negative"
There is a long way to go to achieve our goals but there is an enormous potential market for Blackbird
2018 results are encouraging but a good deal short of full potential, especially in North America.
Operating costs during the year to 31 December 2018 were up 12%
Total operating spend in the year was up 11%
Operating loss for the year £2.6m
Certainly sound good......YET, SP nearly always drop on good news on AIM.....having said that a big chunk buy first thing this morning just reported now....I will wait a bit to see where the price settle,before adding few more.....cheap as chips IMHO.
sounded good with lots of progress but done nothing for SP.
more like a money maker RNS