Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
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.
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.
It would seem to me that the d2w product is not suitable for plastic containers. My reasoning being that the contents would be lost on biodegradation. Since much of the plastic waste consist of plastic bottles of one kind or another, this would seem to significantly limit the usefulness of this product. Similarly plastic bags are often re-used and this would be seriously curtailed as well. I would be interested to know whether this aspect has been discussed on this BB.
Referring to protective gloves the annual report states that 'This innovative product, sold under the Protector Health and Hygiene brand, had been in development for two years prior to the launch in Wilko Stores nationwide.' I have not been able to find any of these gloves in the local Wilko store or for that matter on the Wilko website. Has anyone here been able to find this product.
Read Note 20. This is the difference between the conversion price of the Loan Note £0.48 and the actual share price on a specific date. In my opinion this is a 'paper' figure (limited to a point when share price reaches £2.50 at company's discretion). It has no real cash cost to the Company.
Thinking of investing - read this
https://guerillainvesting.co.uk/2018/03/26/bigdish-ipo-big****-market-spoof-app-avoid-like-salmonella/
Could anyone explain the following from note 3:
Following the capitalisation of research and development cost in 2017, the Group has changed the basis of research and development cost disclosure of amounts charged to the profit and loss account above. These costs are now disclosed on the basis of direct costs only, in line with the capitalised costs basis. In prior years, the costs were disclosed on a fully absorbed basis.
The impact of this change has been to reduce research and development costs in 2017 from £15.9m to £10.8m for Continuing Operations and from £17.0m to £11.9m for the total Group. Management believe that the presentation of consistent research and development disclosures provides more meaningful information to the users of the Half year financial information.
ENVIA needs to become cash flow positive before they can start to pay back the VLS loans. ENVIA need to become profitable and start paying dividends before VLS can get any return on their original investment. Neither of these are possible in the near term. Unfortunately since ENVIA are losing money, this leaves VLS between a rock and a hard place having to continue to support ENVIA and possibly putting more good money after bad. They cannot afford to let ENVIA fail. Hence VLS's need for more cash. Perhaps the directors will put some of their own money in this time around but I am not holding my breath. Vital information on ENVIA's performance (eg output figures) has been withheld from shareholders and without this information who would put more money into VLS.
How can you say the tech is sound? It has never been proved at scale. ENVIA was supposed to demonstrate feasibility of this process and currently ENVIA is losing money. In my view the technology has not been proved ECONOMICALLY viable and this is the real issue here.
Just do the math. ENVIA is losing money running at less than 50% capacity. VLS have been funding ENVIA but VLS are not able to do this anymore as they have no money themselves. ENVIA could well close if more funding is not found. Anyone doubting this situation should ask themselves why we have been provided with any output figures for ENVIA. ENVIA owe VLS £13m with no chance of this being repaid any timed soon.