Member Info for havealot

'It is hard to believe that Altalto would have proceeded with the planning application without the belief that sufficient funding would be available.'
It doesn't cost much money to put in a planning application.

See RNS dated 4th June 2018. But I assume stuck gun will need removing to achieve full capacity.

Directors sales would have been announced by RNS had they occurred.

It is my understanding that they were intending being selective in restaurants they included on Bigdish the is not conducive to self sign up. Whether this will change remains to be seen. However software would need to be downloaded to the restaurant computer system and there may be instructions necessary on how to use it. I think it also worth pointing out that Area Managers will need some training after recruitment and will not be 'on the street' immediately as some posters on here seem to think.

Brand ambassadors are to be paid in shares, please read the RNS's before you post rubbish Applesauce.
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I understand that senior management and directors are being paid in shares.

Options are a racket and should be banned....No downside at all. Usually given when shares are near an all time low and if they don't rise the options are not taken up and just allowed to expire. Give credit to Dik in this case he has taken some of his options up @ 14p and therefore has some skin in the game.

You have to take into account earnings from existing restaurants over period after fy end which on current turnover could have been £20k. Secondly as senior management and directors are taking salaries in shares, expenditure would have been quite low.

https://messageboardfools.com/bashers.htm

No need to name the individual on this board. Fits the ,Basher, description perfectly.

Why would restaurants offer discounts in middle of holiday season. For many of the locations on Bigdish at the moment this will be the peak season so restaurants in these areas are not going to maintain a presence on the App or sign up at this time. I believe Bigdish are following a sound expansion programme which requires a balance between customer acquisition through advertising spend, restaurant signups and staff recruitment whilst keeping cash flow under control. Ask yourselves would Bigdish have gone for all out UK expansion if they were experiencing serious problems in their current locations. I would also add that at this point in Bigdish development it is important that they are not perceived as a sure thing or 'disrupter' as this might attract competition or early takeover from one of the big boys. So in this respect keep up the good work Ronald.

DTrump
I don't think you understant the concept of fixed and variable costs. Suggest you obtain a simple accountancy text book and study th subject before you offer any more pearls of wisdom.

Perhaps it is those insiders who bought yesterday selling for a quick profit?

The problem with autonomous driving software, it will never be able to anticipate events like a human brain. For example dog at one side of a road observing a cat at the other side. The human driver will probably anticipate the possibility of the dog running across the road to chase the cat. An autonomous vehicle could never be expected to do that because to pre-program responses to many similar situations like this example is not feasible. Another example is a partly obscured or damaged sign post. A human driver will be able to make a better interpretation of its likely meaning than an autonomous vehicle by taking into account all surrounding clues. The accident described above occurred while a person was using a mobile phone. a human driver may well have anticipated this accident. The human brain will always be more flexible than pre-programmed software therefore improved road safety will always be effected by assisting the human driver rather than replacing the driver altogether. Hence DMS and other driver assistant technology must be the way forward on road systems as they exist today . I am sure I am preaching to the converted on this BB however.

' I think it was a badly worded press release when they announced Apple had pulled the plug ………………...'

Not everyone has lost out as a result of the RNS eg CEO sold 1.6mil @ 45p prior to RNS and bought back in @12.7p afterwards.

Thank you for your response. Any reference would be welcome, meanwhile i will continue searching for a definitive article. This will determine whether I average down. Not a high priority for me as it is only a small bottom draw holding. I don't think management would sell out at this point.

Kencarv.

Thank you for your detailed response.

You say that ...' Location Sciences 'supply' of data is much more accurate and consistent.' But where do they obtain data which is more accurate and consistent than that which might be obtained by any other company generating location data. This is the question I would like answering.
When I originally purchased shares in Proxama, as it was originally named, the company was using location beacons to target possible customers and I fully understood that business model. But once that business model was abandoned. I virtually wrote off my diluted investment (to be honest the consolidated shares were not worth selling at the time). You ask why as a long term holder I do 'not understand their USP / point of difference'. I am now trying to establish what that difference is and need to know how they are obtaining their 'valuable' location data for use in Verify. In other words do they have a 'moat' which protects their business or are they relying on some first mover advantage which might be quickly eroded.

As a long term holder of Proximity/Location Sciences I obviously pleased to see some progress being made by this company. However I do not fully understand what gives the 'Verify' product its advantage. What information does the company have available that cannot be easily replicated by other companies. Where do the billions of position data points come from? I would be pleased if any knowledgeable shareholder could answer this question.

Very much as stated in 22nd January trading update. Nothing unexpected in this latest update.

https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12221689

'Nonetheless, the Oklahoma City plant has demonstrated the scalability and commerciality of our technology, providing a strong strategic foundation for Velocys to deliver our UK and US biorefinery projects.'

This is certainly what it has NOT done. See my previous posts on this plant. Information now being disclosed which should have been made available to shareholders months ago.