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Sisteract
Do whatever you want .... I dont really care ..
ATB
I don't think you need to see the product to make any judgement. Do people really do that. !
You don't invest in a product... you invest in a company, it's directors and their ability to make money and provide a return on an investment don't you. ?
Sisteract
If ..... this product makes money..it will not be overnight ...and as such most AIM punters will not be interested ...
Absolutely... that's because there is no investment case
or it is... Put your faith on our new product but everything we've done in the past few years has made no money.
A decision for us all. !!
" What has actually happened falls so far short of the "general release" RNS that it looks like an open and shut breach of the AIM Rules"
"general release" just means that there are no restrictions in terms of who can sign up ...it doesn't actually have any meaning with regards to what is available within the product
It is as explained to investors after the recent results
There is more to update and a lot is sitting in the background..... but..it is a step by step process .....first thing.. try some freebies
"Blackbird plc (AIM:BIRD... announces the general release of elevate.io, its new creator SaaS product, according to its previously announced timeframe."
What has actually happened falls so far short of the "general release" RNS that it looks like an open and shut breach of the AIM Rules. It is at best, assuming that they are actively incorporating changes through each day that passes so that each time you sign the product has been updated, a Beta product still undergoing testing. It has none of the features of what will eventually be sold to users. It is still not possible to buy any version.
SisterAct
There is a new Product...you either wait for it..or you dont .... what else is there to say
No one can say what the potential is at this stage ... you have to see the Product and make any judgement
I give no investment case ...
I merely give information where it is posted incorrectly in order to give anyone a better idea of what is actually happening
My posts give no investment case or suggest anyone should buy or sell shares .... I merely add information
ATB
Poker.... investors have been patient for many many years. IM has been talking a good game for many many years, Bird have been promising for many many years and at no time have they made any money. They are only in business using other peoples money because they can't generate their own. Nice work if you can get it !!
But what actually is the investment case here......... pray tell !! Apart from the the creator economy will be worth how many million/billion in 2032 and we just need a small slice of it ??
The problem is that nobody has yet seen let alone used a paying version.
" launching a premature beta product without the functionality and giving it away free, does not fill investors with confidence. "
Investors indeed need to be patient .... and await further updates of the product
The full platform is a complex piece of tech with many parts to it that interact together ...so... it is important to test how it responds to a slowly increasing number of users who are getting basic use for free as they are in affect guinea pigs testing the stability of the infrastructure parts ..as well as getting familiar with the basics on offer ...
The limited functions available as a free product also mean the users are not at this stage uploading large sizes of video ...it is all just small size uploads , so not very expensive on the processing costs
The product isn't being marketed at this stage , so there is no hype..... in time it will be the product that does the talking
It is quite normal to release software for free for a period of time to new users, it allows the users to try it without commitment. For example see Figma, a company with a disruptive product like Blackbird which Adobe wanted to buy for $20 Billion.
Why would they raise £1m now. They have always been very astute at raising new capital from equity when their share price was pumped and peaked. They are absolutely brilliant at this. Raising £1m now, launching a premature beta product without the functionality and giving it away free, does not fill investors with confidence. They are going to struggle to raise the share price with hype messages only. This phase for them is now over I think. Too much of it. Its going to take real revenue growth to make a difference to the share price.
SisterAct
yes..it is very,very early days ....but ..with all what is already available on the Enterprise Platform it shows what can soon be added within the elevate.io platform ..... it is there and waiting in the background ..
right now it is a pre-Easter release purely to meet IM time-target and it will be free for anyone just to explore the very basics , with few even knowing it is there, just yet
The traffic to the website though is building the SEO footprint
They are NOT giving the MAIN product away free .... at the moment it isnt loaded with all the pay features ..it is a soft opening to early lookers
post Easter is when the next update will come and it remains then to see if such things then happen .." at pace"
Today isnt really a "launch" ..... as I say an " open release" of the continuation of "early release" to meet IM target
ATB
Come on, there is an obsession with the story and what the product can do. so what !. Bird for years has promised, promised and promised some more, award after award. so what... it's irrelant. they are making no money,losing customers, a business making no money eventually goes under and the well will eventually run dry when people realise what is actually going on here. they have very convincing mouthpieces but there is no point in having the best product if no-one wants it. If it is the best product why give it away.. it smacks of desperation to me. in my view the stategy is all wrong its.... the small tiddler from wimbledon has the best editing software for the creator economy but we are going to give it you for free, we aren't making any money by the way but we'll survive because people believe our story and it will happen......... eventually !!
I loved this soundbite which was always my vision for Blackbird now elevate "Our goal is that, over time, elevate.io will come to define how content is created and stories are told individually and through collaborating in teams."
The world is about to discover the disruptive technology of elevate.io
If you are into serious video editing and have access to a Chrome web browser then visit https://elevate.io once logged in things may look quite basic for now, although editing is very smooth. The most amazing part is available. Create a project then click that "Share" button, you can now collaborate with any number of users, from anywhere in the world on the same project. It is amazing and transformational for the industry. That is why I am invested here. Enjoy! 😊 If you have any problems or suggestions, support is fantastic.
It is the nature of the business that it is developed over time. In fact almost all cloud based software solutions are in continuous development. Continuous development allows for continuous improvements as requested by users. Users don't want the old fashioned business model of create a package, which users buy, and are then stuck with the version they have, until they have to update it manually or at extra cost. One of the main benefits of cloud based software is it can be continuously improved without having any impact on the user, apart from the improvements the end users sees.
Hurrah.... the launch !!
But oh dear.....that dreaded phrase "over time"...... keep waiting, waiting and waiting and they can't even get the language right..
"To gain user adoption, elevate.io has initially been released as a free product and will move to a freemium model over time."
"Drain the resources and raise, drain and raise, drain and raise"
I'm sure the bird fan club will put a positive spin on it.
Sisteract
yes.. a lot of waffle ..but the bottom line is ... they aim to laser focus on a very specific corner of the creator economy ....so yes ...agreed...the overall huge size is somewhat immaterial and not relevant.
Sumit is the driver here and has a very focused and disciplined approach and plan ...so he is more the leader here than IM ... ...IM seems to be looking more like a passenger in it all...
Sumit has very strong communication skills that will assist here far more than what IM can throw out ... unless IM takes on board some of Sumit´s rhetoric
I would say that if they stay fixed on their target customer and small finely targeted part of the market share and give these specific customers what they want , then the product has a chance of initial success ....and revenue could soon appear ...and it would be from there ..that any projections of further growth could evolve
so..there is no aim or even focus on blowing the creator economy apart ...... in reality ...when you get into the detail of the actual plan
There is no big marketing budget and no plan to go out with all guns blazing to take part of the creator economy that is outside their lane .... just gradual evolving as the targeted customer numbers grow ...
Interesting to see how it does ...more so..I think from what Sumit has contributed to it than anything ...
I think the £1m raise was aimed at supporting the Enterprise side,myself .... the sector there having a horrible time in general ..certainly was not raised with the idea of taking over the creator economy !!..steady on now
ATB
I bought these shares immediately after the Forbidden Technologies IPO in 2000, I missed out on the initial ballot, so you can weep for the loss I'm sitting on, but I hope you are right about the future..!
You have to hand it to IM. Certainly a ultra positive front man of a company that is losing money and customers.Going to the well for a 1m fund raise.... for what... as if an extra Million is going to make a difference.
but don't worry folks the tiddler from wimbledon is going to blow apart the creator econonmy. The shifting sands of technology development make it virtually impossible. Pulling the wool with eye watering billions that the market is worth in 5/8 years. it's irrelavant, it means nothing. without the fund raises they'd be out of cash or close to it in my opion. so what if they are in the olympics and every prestige event going.......they are making no money. In my opinion the interview was awful with a load of spoonfed underarms........ where were the difficult questions ?
I put money into this company way back when the 'cloud' was a new thing, I got that wrong, although luckily I did not take a loss. That must be a decade back or more. Now the cloud is established and used by everyone, the creator community has grown massively and our technology works with AI, I'm convinced this is the time when our disruptive technology will take hold. The rewards could be enormous, but like any investment there is always a risk.
If I had 5p for every time I've read that about this share, I could have safely realised my losses years ago haha