We would love to hear your thoughts about our site and services, please take our survey here.
I don’t know why anyone thought that ‘22 was going to be anything other than crap. Perhaps that’s why the market didn’t even flinch.
It’s the ambiguity going forward and their ongoing inability to close significant deals that concerns. Perhaps they just enjoy pilots ;-)
Courtesy of M35Blue @ T42 iot Telegram Group;
(Hope you don’t mind)
https://twitter.com/t42iot/status/1625409997621411840?t=njIA-Hzv_om_fhsWGuQj1Q&s=35
Chill.
I’m a bit confused, not to be mistaken for concern.
RHT (smells a bit like Jake, but I’m not sure) isn’t extolling Pete’s ability or the merits of investing in WSG. Clearly you’d be mad to take anything Pete says at face value. The ‘writing on the wall’ is Pete’s generosity to Pete & Pals in the form of new grant of options - to replace those that they were never going to receive.
It’s not what he SAYS - that’s always been predictably unreliable. It’s what he DOES, that RHT is focusing on.
But why pick on Misty when both have similar agendas - ie trade by all means, but don’t get left holding the baby.
Is the grant merely an opportunistic replacement whilst the SP is down here - or a sign that one of those deals that was going to happen last year (insert any year you like since 2012) might actually happen?
Let’s be honest - nobody is going to be surprised if Pete’s fishing for fresh excuses at the next AGM. Even RHT has given it H1 - to minimise egg on face.
PS See AST & ADME predictions for track record.
I’m not quite sure what you mean and have no intention of getting embroiled in a debate. I have no interest in whether G&T holds shares - or anybody else specifically. I have no agenda or intention to re-purchase.
If you look at the history, you’ll see that the ‘bears’ have it.
There have been spikes - but the SP trajectory over any decent period has been down.
WSG we’re handed SL. Botched Tema and have since closed diddly squat. There’s the African airport semi-signed, that was subject to “local re-organisation” - that’s probably three or 4 years ago now - and is just another example of DRC/Liberia half-****ed signings.
Have a look at the all time chart. That peak was a lot of wishful BS borne of SL. Nothing decent signed since bar the ferry - which turned into an ill advised, hideously costly, vanity project.
I gather there were any number of projects that should have closed before Christmas, but ‘quel surprise’ they didn’t.
The next AGM beckons - time flys at WSG.
Hi Geentee.
I haven’t been in here for a long time - I look in every now and then with a mixture of amusement, sadness and bewilderment. I went twixt 13.5 and 12p which might sound smug now - but represented a significant loss at the time.
Folk now dream of 6p - except Pete, who’s determined not to sell for less than £2.00 - which is a measure of the delusion involved. “Soon”, “Imminent”, “cusp” and “formality” are just some of the classic examples of judgements proffered. In traditional Pete style - none materialised.
Ultimately, nothing changes here except the shares issued.
Christmas’s come and go without that years ‘potential’ delivered - even when there are multiple (allegedly) opportunities to get something over that pesky line that appears to be WSG’ nemesis.
I feel for LTH’s who’ve lost so much - some great folk - and worry for those that genuinely still ‘believe’. Trade this by all means, is my view, but to invest given the BoD’s (Family and friends) track record, you’d have to be deaf, dumb and blind - or believe that they’ve just been unlucky for 15+ years?
Oh, Pete doesn’t like to mention all those MoU’s - unless a huge raise is required - I think c16 were listed. Was that 2 years ago? Any closed? No. So was the dusty list disingenuous - or the performance since, inept? You’d hope out of 16 - they could close one?! Unreasonable assumption? I’d suggest “No”.
Pete’s given himself and the team some more shares to reward for all this sterling work - so perhaps there is something in the offing? I’ll keep my fingers crossed for you.
So don’t tell anyone yet ;-)
I’ve made a few calls - found a distributor in Slough who’s really excited about Tetis R+ Mk2 the sequel. The director has agreed to buy £25m p/a for four years starting at some undisclosed time in the future and if he can push that out to £30m p/a with some supplementary Lokies which he intend to give away in raffles, conditional upon retaining the rights to their data - he’ll be offered exclusivity to T42 sales in all Slough postcodes. The agreement also permits him to buy none - but I trust him.
Drop from friday’s dismal close.
Pales next to the 12 month chart tough /25p to 5p despite aspiring to tack significant market share with a new product you name the company after - such is your confidence.
But we HAVENT signed ANY sales contracts - just agreements. Each with the proviso that the ‘distributor’ doesn’t has to buy anything - and thus far, they’ve done just that. Bought nothing.
hence all time low SP - priced to fail. Massive disappointment after 2021’s bullishness and multi-million bS.
Hence the need for a comprehensive update - we finished the year playing with umpteen clients and the matches always finish 0-0.
We need new signings. Sales are non existent and the managers judgement is $h(te. Massive new north American signing doesn’t even come to training.
Overhaul is (potentially) just another in a long line of wishful BS - or will become another failure to close by the BoD.
It’s starting to look like a sad Dragon’s Den episode with Dad remortgaging the house to fund son’s tech brilliance which unfortunately solves a problem nobody has - or certainly don’t want to pay the price asked - see DhL.
Explanations for cZero rev’s for T24 division in first 12 months required - as is some tangible info on where “massive” is going to come from.
We haven’t forgotten about OpenBox Igor/Nomad!!! Explain yourselves. Appalling judgement or management?
I’m unconvinced that they’ll deliver anything remotely close to what’s required to meet the expectations for LATAM - given that raise. How on earth do they start supplying c$3m worth of stock per/qtr with the cash they have at their disposal.
I’d like to see a comprehensive TU - not just the developments they choose to air periodically.
I suspect there’s more chance of my heart doubling in size in Q1 - than there is for the SP doing so. But we’ll hope, and see.
…that somebody other than Mickey Mouse is buying some T42.
I thought the raise was all a bit scrappy. If it was to fund orders in hand, you’d hope that finance would have been easier to find, and less expensive. Assume those orders are therefore merely anticipated as a result.
Those funds aren’t going to get us far if either Igor’s FCO business plan, or aspirations stated to do $55m over five years are to materialise. We’ll need to be doing nigh on $1m/pm on either count. The original LATAM RNS ($40m) states it’s to finish in ‘24 - so best make that nearer $2m pcm - as opposed to the $0pcm they committed during ‘22 in their quest for exclusivity!!!
Strong H2 (suggested with the visibility they had in Sept) came to zilch, became Q1 by the AGM just a month later, became H1 ‘23 in the last commentary. Another dud year - despite that technological honeymoon period.
A realistic update in view of another let down wouldn’t go amiss. Overhaul sounds great but might just turn out to be another Porsche, UN, Bosch DHL, Openbox - PM?
So the market suppressed its excitement.
I’d like to learn more as to where “massive” is going to manifest itself from. It isn’t from that kind of raise.
“We are thrilled to provide our Kylos E units to protect high-value deliveries that attract perpetrators, such as tobacco goods. Our quick installation and easy-use solution can prevent the loss of goods and enhance personal agents' security.”
“Thrilled” ? if so, shouldn’t that be “to have provided” ?
And IF that’s PM, shouldn’t that be an RNS?
Manãna