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That should be sometime in January.

"Asian Strategy Update

Since the IPO the Asian business has grown, seating three times more diners than 12 months ago. Furthermore, the Directors have been approached by more than one Asian technology company on an informal basis regarding the potential acquisition of the Asian business. As such, the Directors have decided to conduct a strategic review of BigDish's Asian business to determine the path to achieving the most value for shareholders. The result of this review is expected in January."

There don't seem to be any quick bucks here I'm afraid.

There's just a chance that the management may finally become as bored as the shareholders and finally get a move on with the roll-out of new restaurants.

What I don't get is that Bournemouth is still showing on the Table Pouncer platform with 51 restaurants live today while there are only 39 live on the BigDish platform.

Also why no mention in the RNS of London where there are 40+ restaurants live on Table Pouncer today. Surely that is the location that needs to be migrated next and not Bristol (where there are only 6).

Yeah I'll gladly go when I see my money back thank you very much. This has got all the hallmarks of a disaster.

The board seem to tell a pack of lies - I still don't think that BigDish Hong Kong and BigDish Jakarta ever made the transition form diners card to yield management - and it's just becoming a continual chain of missed targets.

I dread to think how many staff are currently being funded by a few hundred thousand £'s income - the 2 founding directors, J Morley-Kirk plus one or two other directors, managers and staff in Manilla, Hong Kong and Jakarta, 9 tech team, Patrick Knight former owner of Table Pouncer, other table pouncer employees, Sanj Naha, South west regional manager and staff, and I'm sure some more. Just where is the income going to come from if they don't get a bloody move on?

They are the ones who clearly said they are going to sign up 6000 new restaurants. They didn't say they are planning to acquire them from buying up out-of-date dining card participating restaurants. Besides, it's a far more expensive way to acquire customers than just signing them up to a new venture themselves.

Confusion, lack of information, far to slow at everything, I could go on.

However the share price says it all and there's very little sign of anything about to give it a boost.

All just my opinion.

All we need now is a placing at 1p.

Any rumours of that yet from the dickie bird?

Actually, I have been buying more and more of these shares as the share price has tumbled but now it has reached the point that I cannot see any real progress being made, that the original targets are just being ignored and missed continually and the company don't seem to have a clue where they are going. The beta phase was meant to take one month but ended up taking four months. I am beginning to regret buying these even at a discount price as I cannot see any real progress here.

On 15th November we were told:

"At present, both BigDish in beta and TablePouncer are operating. The initial beta phase has produced a variety of operational and technology recommendations, which are currently being implemented.

One of the recommendations was to upgrade the branding for the UK market. Based on feedback it was decided to alter the branding within the UK app. This branding process has started with a change of logo in the UK and will be implemented over the next couple of months."

and then today we are told:

"Coinciding with the launch in Bournemouth, BigDish has also finalised its UK-centric app redesign. This redesign contains a new logo and numerous visual changes based on qualitative and quantitative research amongst UK consumers over the past few months. This redesign is set to be applied to the website over the next 4-6 weeks and will also introduce stability and speed improvements."

So the redesigned logo and other visual changes are still going to take another 4 to 6 weeks. Exactly what have they been doing for the last 2 months then?

And this to follow is some of the biggest bullshit I have read in a while:

"Joost Boer, CEO, commented:

"We could not be more thrilled about taking this major step towards larger UK expansion. Our roll out in Bournemouth and imminent launch in Bristol is testament to the team's tireless work over the last few months.

"The TablePouncer team has done a fantastic job over the last few years in developing Bournemouth's leading restaurant deal platform."

Apart from signing an extra 60/70 restaurants in the UK over the last 3/4 months the "team" have done sweet f*ck all. And as I mentioned earlier today it has taken the Table Pouncer team 3 years or more to seat 127,000 diners in a year which at a rate of £1 per diner gives a revenue of £127,000. That is gross before any salaries, offices, overheads, etc. so hardly an extraordinary performance.

All just my opinion.

I'd be happier if they did something/anything to improve the share price - at least to get it somewhere back towards the floatation price.

The share price seems to have been saved from further embarrassment by the lack of anyone left to sell their shares though that could change yet.

At the moment this is underwater with the danger of all the shareholders drowning.

Besides I don't care. My average is low. It would be even lower if I had more confidence in the "out-of-touch" management actually getting on with the job.

Just Eat were pioneers. They had to do all the hard work. It's somewhat easier and quicker to build a successful platform these days.

Looks to me like the management based in the Philippines are extremely lazy and out of touch with the real world and while there are definitely a few members of the team based in the UK who are ready to sign up new outlets the lazy management aren't letting them get on with that for now. It's all a bit pathetic really.

But then this management did take 18 months from when BigDish was first mentioned as a RTO by NYO until they finally floated (albeit at about 3 times the proper share price) so what's another year or two pissing around doing nothing.

All I can see is a good opportunity to build a successful business wasting away.

The m/cap looks about right at the moment.

BigDish paid about £1M for TablePouncer with their 50 restaurants and they have since added roughly 60 more in Bristol (6), London(40), Bath(8), Brighton(6) and Southampton(3). Plus there are over 100 live in Manilla so it looks like it might not drop too much more.

Not sure quite where the £12.8M valuation at IPO ever came from though.

Sorry but I can see Just Eat with a m/cap of over £4B and the Big Dish CEO getting excited about Table Pouncer which took 3 or 4 years to build up an annual revenue of £127,000 before costs. That's more of a boutique business than a public listed stock market company.

Anyway the ultimate proof of where this is going is going to be in the shareprice. Let that do the talking. At the moment with the share price at a substantially lower price than at IPO it is saying this isn't going very quickly. In fact it's tediously slow.

"Ensuring that momentum is maintained in the Company's expansion, it is targeting a roll out of the BigDish app to Bristol by the end of January 2019."

Well they have the grand total of 6 restaurants to migrate in Bristol. That may just be manageable. Not sure if they are going to add any more - or just leave it as 6.

I wouldn't be expecting the share price here to start going up any time soon. To me this is quite a disappointment.

If they are only going to migrate the 50 Bournemouth restaurants they could have done that a couple of months ago.

I would have thought that the major task facing the team would have been to get new outlets to sign to the BigDish platform. Instead, the difficult part seems to be for BigDish to trust and use the BigDish platform. They seem very reluctant to get on with the migration.

Why not get all locations - 6 so far - live on Big Dish and they need to start adding new locations too rather than rest on their laurels with their 100 or so live outlets.

Not sure how the cash is going here but the best way to make it last is to sign up new restaurants as quickly as possible as that will generate more income too.

Looks like the Bournemouth TablePouncer restaurants have finally been allowed to migrate over to the BigDish platform. 39 live on there with deals for today - plus the same old 8 from Bath. Not sure about the others in London, etc.

I suppose any change means a RNS is coming today so we'll soon know if this is going to hit the big time.

I rather fear that all this sitting around doing nothing will have eaten into their funds and that next we'll be hit for another cash call. That looked ominous when they took on a joint Broker in early December as their existing broker had already overseen their IPO placing at 4.50p but by then the share price was already down to 2p and no broker likes to go back to their clients to ask for a second placing a few months later at a price substantially below the earlier placing, especially when there was not even much of a chance to offload the placing shares with the share price only briefly peaking at just over 5p in August before falling below the placing price where it's been ever since.

There is though a quite unusual and not often seen situation here. Most companies have to sit and wait for contracts to get signed and as we all know that can take a long time or even forever. BigDish though can grow their business and directly raise their share price and m/cap simply by signing new outlets to this platform. It is a simple numbers game. With 100 or so restaurants they have a m/cap of a few million. With 1000 outlets that will be a m/cap of ten times that and with 6000 active participating restaurants the m/cap should be at least 60 times greater.

So the share price and m/cap will directly reflect the number of participating restaurants. So surely what they need to do if they are going to need more cash is to get started signing up new outlets as quickly as possible and to get the share price up to 5p, 10p or more as quickly as possible and then raise some more cash at a decent and not insulting share price with as little unnecessary dilution as possible.

Of course, the other way, which is probably the way of the BigDish management, is to take as long as possible to do as little as possible, bring up a few technical snitches and bad luck stories on the way and then complete a hugely dilutive placing at 1p.

I wouldn't put this past them at all the way they are handling this company at the moment. It's a disgrace.

Of course, this may all change overnight. We may yet get a RNS saying the beta phase has finished, all outlets have migrated to the new BigDish platform and the aggressive roll-out across the UK has commenced.

Or not.

ATB.

It's very unprofessional to have the 100 or so outlets that have signed onto TablePouncer still on that site as they should have been migrated to the much better BigDish platform ages ago.

The BigDish meantime has been struggling on with 8 - yes eight - restaurants in Bath as the only outlets on the new platform for about 2 months now while the management for some loony reason keeps extending the already overdue to be finished and waste of time beta trial phase. This too looks very amateurish. I don't think the management here realise fully that they are now in the public eye. This is now a public listed company.

The early January update never happened as we are now into mid-January by anyone's calculations. And the management is completely naive about the ways of the market as is reflected in the share price and the complete lack of trading action - zero trades so far today.

And all this with a share that has absolutely excellent prospects.

The current state of affairs defies all logic. The company need to end the beta phase immediately and migrate all of the current restaurants to the BigDish platform and immediately start what they themselves referred to as "the aggressive rollout across the UK in 2019. targetting up to 6000 restaurants".

Which bit of this are they not getting?

To be honest I just want to see a RNS saying the beta phase is completed and that the 111 restaurants live on the TablePouncer platform today have been migrated to the BigDish platform and that the aggressive roll-out of signing an additional 6000 outlets in the UK has commenced.

That is what the shareholders have been promised and I can't see any need to expect more here. That is in itself a very attractive target and should add many multiples to the m/cap.

I can't even find the Manila restaurants on an APP - they just seem to be online.

If you google BigDish and then go on BigDish.ph that takes you to the Manilla Big Dish platform. Then at the top there are 3 options: Manila (default), Hong Kong and Jakarta. However both Hong Kong and Jakarta are saying "This site cannot be reached. Previously the Hong Kong link did work but it does not work anymore. The Jakarta link has never worked.

This is on the website and is not an App.

Don't talk rubbish.