Member Info for Ezzza

FWIW I quite enjoy reading YHAL's take on all things MMX (and SB's, SJL and a couple of others)...Chartists points alongside the fundamentalists ain't a bad thing and we do all want the same outcome share price wise. It was mentioned earlier today about when will we break the 10p share price. I'm more interested in the 20p/30p/40p timeframe.
Cheers
Ezzza

Brilliant.....and as I have said previously..."it's just time now really"
Cheers
Ezza

Ahhh….”The Font” is back….giving it LARGE on the wisdom that only HE thinks HE has..
I’ve said it before…David De Jongh Weill…a legend in his own mind!!!!

“MMX only ever made economic value from losing auctions and from VIP” that’s not quite what you were spouting a few years ago when your “Love Buddy” FK was at the helm DW…oh no…the share price was a cert 40p FFS …You and your wisdom!!!..

“At least now they are not dependent on China as they aren't making money there” and neither are you DW..Maybe this is where your bitterness with the company is from…..Once your cushty position of adviser to the company on China/.VIP ended then so did the gravy train that gave you a nice little tickle and it was then back to reality and your real world of losing other peoples money…

“I really doubt if you will see Hony adding in any event”…interesting view yet they and the other rather large II’s don’t seem to have sold either….funny that when they are clearly invested in (your words) a dog of a share which, by your account, you talked Hony into hahaha another classic from DW

So do we listen to DWeil who is as transparent as a plain of glass and as think as a lump of wood…or SJL who has been there, got the T shirt, watched the video, and amassed a fortune ..particularly for his employees and shareholders…

MMMM lets see now…difficult one this NOT!!!
Cheers
Ezzza

"I have enjoyed the best returns in my career over the last year"....so DWeill...you are close to making a profit at last then?? and how long did you say that you had been in business?? At least that's some "turnaround" story pmsl
Cheers
Ezzza

OMG….”The Font” is back
“I doubt there was a bid at 10p or above” You haven’t a clue what any such bid was…just like your guess as to how fast .London would reach 250k in sales. Still waiting for that one DWeill and as such another example of the finer points of your wisdom i.e. take all of your comments with a large bag of salt.
“A failed process is a terrible outcome” Really? That’s a proper “Rocket Science” comment if ever there was one.
“which is probably why they bought porno domains”. So they became an acquirer to grow the business rather than be acquired to grow someone else’s and no doubt a strategy that had the blessing of the rather large II’s.
“Now MMX is basically a bet on the multi year renewals of dot xxx” Isnt that the same with most companies in this space. However, this statement conveniently ignores initiatives being worked on in the background to increase sales.
“If they have lots of drops, that would be extremely bad news”. No s**t Sherlock and how did YOU work that one out then?

Thick as mince DWeill
Cheers
Ezzza

I've said this before in that I just can't see any way we would look to sell the business at a share price in the teens. The business has been transformed from the FK & AVC days although we have had a drag on the business due to deals completed under them. I tend to think we have exciting times ahead with the work being carried out in the background on blockchain /crypto connection on top of which our existing portfolio of TLD's are each contributing to a renewable income stream that is making the company profitable and that simply needs to be added to by way of further sales initiatives. Talk of a dividend as a future plan of action is a testament to that. The II's, who hold approx. 430m shares appear content with progress that the board are achieving and as I have said previously the likes of Hony don't invest at 13p/ps to make a penny on each. They look for multiples on their investment.
Cheers
Ezzza

Oh and btw before it's pointed out, I know that Centralnic have less shares in circulation but I only used them as a comparison to give an idea of were we can be with our portfolio of TLD's and initiatives bubbling away in the background i.e. .luxe.
Cheers
Ezzza

The bit I liked from YHAL’s link:
“My nightmare would be that Amazon, Google, or Facebook creates some hugely popular version of a digital dollar at which point every transaction is going to be monitored by the network platforms’ big data and [artificial intelligence] AI systems, to an even greater extent than is already true.”

The words Amazon, Google and Facebook creating some HUGELY POPULAR version of a digital dollar jump out.
I’m not bothered if every transaction is monitored as long as each one uses a .Luxe domain ….yes pleeeeeese lol

Now lets look at Centralnic a similar company on AIM who’s .xyz was adopted by Alphabet i.e Google.
Written in May 2018:
CentralNic profits boosted by recurring revenue growth
AIM-quoted internet domains firm CentralNic turned in a significant amount of growth in both its wholesale and retail divisions throughout its most recent trading year.
CentralNic's group revenues rose 10% to £24.35m for the year ended 31 December.

As a proportion of total sales, recurring revenues reached 84%, up from the 81% they accounted for a year earlier as a result of higher sales of its .xyz and radix top-level domains, while CentralNic's wholesale division sent revenues ahead 48% and its retail wing jumped its income 9% year-on-year.

Adjusted underlying earnings 20% year-on-year to £6.61m and the firm's EBITDA margin rose two whole percentage points to 27%.

All in all, CentralNic saw pre-tax profits rise 19% to £1.37m.

CentralNic ended the year with cash balances of £10.9m, up £1m on the same period twelve months earlier, and net debt shrank by £100,000 to £7.2m.

The firm noted that it intends to recommend the payment of dividends at some point in the future but noted that at present, it felt the money would be better used by being funnelled back into the business.

"The group continued its strategy to build a diversified internet services business of size and scale through an acquisitive roll-up programme which delivers high-levels of recurring revenues, quality of earnings and strong cash generation," said CentralNic's chairman Mike Turner.

As of 1500 BST, CentralNic shares were untraded on the day at 57p.

So how do those figures compare to MMX now??

57p per MMX share anyone????...its just time now really.
Cheers
Ezzza

Bakky....would be nice if was with Alibaba ..Yes sireee lol

SJL last year:
registering a .luxe will be the same a registering a .com and then you will be able to use the easy to use API tool at your domain registrar to "associate" your .luxe IDENTIFIER with your Ethereum wallet or smart contract address. The fact that Nic Johnson, who is viewed as the Ethereum Naming System pioneer and guru is working with MMX on .luxe on an exclusive basis with the linking API means that this is the "real deal".

And I seem to remember a comment by TH saying something like perfecting .Luxe to work with the ETH crypto wallet was akin to being there with Microsoft when they started..mmm anyone heard of Microsoft then? ..oh and Alibaba are apparently mad keen the developments in the crypto world...mmm yes that’s the same Alibaba that had a representative at the launch of .Luxe...coincidence NOT
Cheers
Ezzza

I agree with YHAL...there is no sale of MMX on the cards currently and talk of a sale of the company at a share price in the teens for me is a no go. Far too cheap. The company owns one of the largest TLD portfolio's and therefore a growing recurring income stream, has no debt, money in the bank, have dealt with the mistakes of FK & AVC, consolidated the business with the purchase of ICM, have II's and "Turcan" increasing their number of shares held and and I am sure the .Luxe/ Crypto tie up could be huge for the company. I understand the frustrations of shareholders and the need for a return on investment but this will come. The current shareprice has no bearing to the true value of the company assets as per SJL's calcs made some weeks ago now. I wonder why the Alibaba geezer was with TH at the launch of .Luxe?? can't imagine he'd popped in for croissants and a latte. Interesting.
Cheers
Ezzza

https://news.sky.com/story/crypto-trader-boss-dies-with-password-to-clients-110m-11628106.

Canada's leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.
QuadrigaCX's founder Gerald Cotten, 30, died "due to complications with Crohn's disease" while travelling in India to open an orphanage in December, his wife Jennifer Robertson said.
Mr Cotten held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she said in a sworn affidavit as she filed for credit protection on 31 January.
Ms Robertson said about $190m (£110m) in both cryptocurrency and normal money is in "cold storage" - where the company, or just Mr Cotten in this case, holds the key, not the client.
The founder held "sole responsibility for handling the funds and coins" and no other members of the team could access the stored funds, she added.
She has her husband's laptop but she does not know the password and a technical expert they hired had not been able to bypass its encryption, she told the court.

Bloody hell....Now if Toby and his tech guys can help out just think of the kudos, positive exposure to the world through various media reports and wouldn't .Luxe look good....someone send him the link and tell him to get his a**e into gear lol
Cheers
Ezzza

For the PI's etc talking about a sale of the company at approx. 10/11p a little recap is in order - Oct 2016 RNS:

The Company confirms 100,000,000 Ordinary Shares have been purchased at a price of 13 pence per Ordinary Share, for aggregate consideration of GBP13.0 million.

Of the 100,000,000 Ordinary Shares that were bought back, 57,692,308 of the Ordinary Shares purchased by the Company have been cancelled. The balance has been subscribed for by Goldstream Capital Master Fund I, wholly-owned by Hony Capital. As of 10 October 2016, Goldstream Capital Master Fund 1 holds 50,107,692 Ordinary Shares in the Company, representing approximately 7.17% of the Company's revised issued share capital.

So yeah.....I can just see Hony ( as just one of out II's ) selling up at a share price well below the price they bought in at. Yeah....that's how these highly successful companies operate at - NOT. The board are working to a plan....let them get on with it.
Cheers
Ezzza

As a very p****d off shareholder and member of FoF when that group was formed I have just registered my interest with FSG. As with FoF I really hope our collective can make the difference and ensure we get shareholder value in the assets that together with FRR we are entitled to benefit from.

The current SP is shocking and given the progress made by the company over the last 12mths it really is a joke. The individual parts of the business are valued in total way above the current MC. The way the SP has dropped leads me to think that there is something more than meets the eye here. Ask yourselves this: Did Honey invest at 13pps thinking this would drop so far? Not evvvver. I seem to think Hendersons have a guy on the board too so they and I am sure the rest of the II’s will be fully informed as to what is happening within the company and the plans moving forward. They are holding and so should we PI’s. There will be a turnaround ...its just a matter of time

David de Jongh Weill.....a legend in his own mind......classic fookin muppet.

Alq.

I too had been looking into the DBC a few weeks ago on the hope of positive news here to lift the gloom. However, anyone with a nervous disposition should look away NOW as the telling comments in the accounts, as well as the sums, are:

The company has elected to take exemption under section 408 of the Companies Act 2006 not to present the Company profit and loss account. The loss for the Company for the year was £5,131,500.

And

Based on the latest trading expectations and associated cash flow forecasts of the Group, there are currently insufficient secured financial resources available to enable the Group to continue trading for the next 12 months and there are also unsecured loans that are repayable on demand

It does appear to be JM’s dosh from his various “other interests” that has kept the boot dream alive but alas probably to no avail but time will tell. But proof that every cloud has a….. ???
Best Business in Aylesbury Vale
30 June 2017
On June 30th, PulseFlow Technologies won the Best Business in Aylesbury Vale award from the Bucks Business First organisation. The awards were held at the Waterside Theatre in Aylesbury with over 250 business people in attendance. In a very competitive field, PulseFlow came out winners due to the innovative solutions provided and the huge business opportunity we are addressing globally. The judging panel saw great progress in our efforts to reduce diabetic related amputations, and the support we are receiving from Globally recognised

So you see…..JM didn’t invest in a loser after all ….and all we need now is everyone in Aylesbury to but a nice pair of shiny new boot/trainer thingys (there are loads available) and were “on the up”

In the meantime in respect of RP then it's Macau here we come ...er ..or not???

Well if that isn't positive news I don't know what is ....and Alibaba on the scene too ....mmmm. The current share price is a joke imho

And "The Billionaire Jim Mellon" has clearly done a "Shergar"....i.e. VANISHED!!!!!

Tadpole.
I wasn’t omitting SJL’s negative comments but focusing on the positive ones particularly the fact that we are approx. a fortnight from .luxe going into GA and the fact that the development here is putting MMX in the spotlight. These can only be positives surely? The SP is what it is at the moment and yes disappointing for all of us.
Now, as you said you would not be posting for a while why don’t you pop back into your pond and surface in a few month’s time …..you might just be in for a surprise…and I don’t mean that TH will have bought some shares LOL