Member Info for HeadInTheSand

Easter eh? Presumably you mean Easter this year.

Tell you what. I'll stick that one in the diary and pop back then to see if anything in the slightest has changed by that point.

Can't possibly imagine which way that one's going to fall...

See you in a couple of months.

It does seem like a good appointment... but it was announced and discussed here a few weeks back, so any recent AVN SP movement does not relate to this.

A civil discussion. Nice to see.

As has been noted, I am not particularly technically minded. However I do understand more commercial things like technology licence agreements.

I don't doubt for a second that IMEC has an excellent pedigree in several areas of chip & sensor solution, including med-tech.

I do however know that when it comes to the CTAG/IMEC licensing deal of three or so years ago, the core IP categorically remained (and presumably remains) IMEC's. That is a matter of record.

I strongly suspect that Hex's point about generational chipset version advances having taken place over the last 3+ years also applies here.

On that basis, I am not at all sure that one can bank on a tweaked version of a three year old silicon + algorithm solution being any meaningful part of any vehicle that might carry CTAG to the much promised land.

Dougal, looking at your own post count and CTAG BB activity, the expression "pot and kettle" helplessly comes to mind.

All the best.

This really isn't that difficult.

The facts are all there in black and white.

CTAG has been delisted now for two years. Auditable fact.

An awful lot of information that CTAG has issued in the past - whether via RNS while listed, website updates or via other means - has categorically turned out to be entirely untrue. Auditable fact.

Anything that happens with CTAG from now onwards is solely a matter of speculation. Iif one is to base future predictions on past facts - which would seem to be the most logical startpoint - , my own personal opinion (as a CTAG share holder, but one with an irrelevantly small investment) is that things aren't looking at all clever.

However others - whether actual shareholders or those with differing agendas - may of course equally speculate and come up with any predictions they choose, based on whatever they like.

I would ask however... how's that promised Nov 18 relist working out?

When coming to a judgement, it's only ever worth looking at the evidence.

My judgement on ABH and Cloudtag is based upon how truthful and accurate company issued statements - whether via RNS, website "updates" or even "private" emails to a single "sincere investor" - have turned out to be. How much of the many things that ABH and CTAG have promised and assured both pre- and post-suspension have turned out to be fact?

I completely agree with the dark fascination with this murky saga. Once the dust has settled, it deserves to have a book written on it.

Any bets on when amazing pre-IPO investment opportunity #2 is likely to be offered?

Well, I suppose that's better than focussing on the Aug 24th update, since at least the lead part of that one has since been proven without doubt to be entirely factually inaccurate.

Perhaps the Dec 13th update shows a radical change of policy and actually presents accurate content?

....and I see that threads are being selectively deleted again.

Obviously there's a vested interest in certain parties attempting to control the narrative and remove any comment that dares to suggest that Cloudtag is as ever devoid of producing any value for anyone.

The UK Government has plenty on its plate to be worried about, rather than a small satellite operator with a net worth of £60m. There's no way the Govt would step in to prevent an AVN failure - the UK largely doesn't need what AVN has to offer and it's not like its technology is anywhere near cutting edge (a generation behind Eutelsat's relatively newly operational Konnect and two behind Viasat's 2020 bird).

So sorry, but you can forget nationalisation as a safety net. Instead AVN is going to have to trade its way out of its current straits.

If LSE admin removes a post for whatever reason, then all subsequent posts in that thread usually get deleted automatically along with it.

Yep they're still going, which you'd have to say is a feat in itself. They've managed over the last few years to book themselves into more than one last chance saloons and draw back - if only a little - from repeated cliff edges.

I can't see the bondholders agreeing again to another D4E swap re the outstanding c. USD 500m of bond-based debt. Not after the bath they took (c. 85% paper loss) swapping the last lot of bonds for shares. So the costs of servicing that remaining debt are going to stay in place.

So now it's all up to the new-ish BoD to see if they can quickly get firm sales revenues up to levels that significantly reduce opex- and debt-based cash bleed. This needs to be done pretty sharpish.

I reckon (back of a fag packet) that revenues need to at least triple in level based on the last interims released to around $180 - $200m per annum to get AVN to a break-even position and stop the monthly bleed - although obviously any increase in revenues helps slow this down.

I actually agree with Tyche here. Anyone with any industry standing taking a hig profile position in a company is without doubt an encouraging sign.

I still stand by my surprise that such wide-ranging beefing up of so many core business areas and responsibilities from a directorial POV was so clearly necessary.

AVN still has its long-discussed issues and due to those, I won't be looking to dive on in any time soon (another point of agreement with Tyche - two in one post? Whoda thunk?).

It's now all about sweating the assets to get to a point above break-even (and thus stop cash bleed) by engaging with and signing up credible customers with sufficient funding (so, govermental, military, major corporate) to cast-iron confirmed and irrevocable deals of meaningful size.

And - as I keep banging on about - those deals will only be found in markets and geographies where AVN's services make commercial sense. The new BoD should stop wasting time chasing irrelevant and miniscule rabbits (and TBF, they seem to be aware of this)

This may very well still be all too little and all too late - that remaining debt millstone is still a simply massive encumbrance. But at least - and at last - AVN seems to be adopting reasonable and commercially common-sensical strategies (so, pretty much the enire reverse of everything the DW regime did).

Let's wait and see... AIMO.

There shouldn't have been a need for it if AVN had had a halfway decent sales or commercial director and/or the CEO had been managing those reporting lines properly. Who's had the remit of directing those business-crucial areas up to now? Sales? Routes to market? Product? Profitability? Marketing? I mean, there's not much that's literally business-critical missing from that list? Who's been responsible for what up till now, then?

I suspect that this appointment is an attempt to address major issues re the above. Which if it needs addressing, would - as you say Cassius - be no bad thing, albeit surprisingly late in the day, provided Ms. Barr is an individual well-suited to that surprisingly wide-ranging role.

LoadOfTosh you're as predictable as ever in chipping in... another alleged long-term CTAG holder that only joined the LSE bulletin boards under three months ago. One wonders a) where you were when Cloudtag was listed and b) why you'd bother joining a discussion board long after the share became untradeable?.

Having said that, a cynic might suspect that you are merely an alternate ID of a similarly capitalised bulletin board poster name, but far be it from me to make such a shocking allegation.

Again to be fair, that's does seem to be the appointment of an individual with industry credibility.

COO is a pretty wide-ranging remit though - "she will oversee global Sales, Wholesale, Product Management, Marketing and Commercial" - definitely a wider brief than MD of Customer Care at BT..

Antha, really don't bother wasting your breath.

HairyGrotBox is a self-proclaimed and always ever so supportive long term holder of Cloudtag shares who magically registered on the LSE bulletin boards for the first time on Aug 24th, 2018... just as Amit was trying to soften up PIs to invest even more in his amazing "pre-IPO buy-in opportunity".

I'm sure you can join the dots...

If GCCRa had "got in" every time he's encouraged others to "get in while you can", he'd have a personal financial position notably worse than Venezuala's.

Let me just repeat the history of this BB's answer to Warren Buffet's advice on AVN:-

Jan 2015. AVN SP = 231.5. GCCRa's opinion = "Top up now! Get in while you still can! Amazing opportunity!"

Jan 2016. AVN SP = 166.2. GCCRa's opinion = "Top up now! Get in while you still can! Amazing opportunity!"

Jan 2017. AVN SP = 22.2. GCCRa's opinion = "Top up now! Get in while you still can! Amazing opportunity!"

Jan 2018. AVN SP = 8.4. GCCRa's opinion = "Top up now! Get in while you still can! Amazing opportunity!"

Jan 2019. AVN SP = 2.7. GCCRa's opinion = "Top up now! Get in while you still can! Amazing opportunity!"

The jury remains out with me whether this is just long-term blinkered delusion of the single most protracted and most inept ramp attempt ever seen.

Probably both.

Some got conned twice (which I find almost unbelievable).

However, this hopefully puts the final mockers on anyone being conned a third time - despite the best efforts of one or two recently appeared snake oil sales assistants.

Sounds like he's had to get himself a new job...

Good and balanced interview there by Michele Scanlon - sure a little bit of PR puff here and there (and what CEO wouldn't take the opportunity?) but generally a very realistic opinion.

Africa remains a very obvious and relevant market for VSAT - the trick will be finding customers with actual purchasing power. That IMO means primarily and pretty much exclusively government, military and and major corporate markets..