Member Info for Hedgehog100

"Moreover, BST's convertible loan in BST could be worth multiples of its current value by the end of 2018 ... and BST's shares could keep on rising after that too." CORRECTION: That last sentence should of course read " .. NEW's convertible loan in BST ..."

I don't think that Adam Reynolds is a quitter, and that he is committed to eventually returning NEW to the market as a RTO. His HubCo shell was delisted from ISDX, and has since relisted (on AIM) as BST. From BST's admission document of 30th. November 2016: "PART I LETTER FROM THE CHAIRMAN HubCo Investments plc (Incorporated in England and Wales with registration number 07847321) Directors: Registered Office: Adam Reynolds (Chairman)* … 1. Introduction and background The Company was incorporated on 14 November 2011. On 31 January 2012, the Company’s Ordinary Shares were admitted to trading on ISDX as an investment vehicle with an investing strategy to acquire interests in small and medium sized private companies in the UK with strong management and significant growth opportunities, initially focused on the leisure and consumer services sectors. In August 2015, the Company announced that it had identified an acquisition in the healthcare sector, however, following due diligence the Directors were unable to recommend that this opportunity be pursued further. The Company was de-listed from ISDX in April 2016 due to its investing policy not being implemented in the required timeframe. The Directors have assessed Big Sofa as having significant potential to increase shareholder value. The Directors propose that, subject to Shareholders’ approval of the Resolutions, the Company will acquire the entire issued share capital of Big Sofa, which will have the effect of changing the status of the Company from an investing vehicle to an operating company, and the Enlarged Group will be admitted to trading on AIM. …" HTTP://www.bigsofatech.com/investors/documents Moreover, BST's convertible loan in BST could be worth multiples of its current value by the end of 2018 ... and BST's shares could keep on rising after that too.

For some reason NEW no longer seems to be putting its RNSes onto its own website. But here's a link to NEW RNSes, for shareholders to keep an eye on: https://www.investegate.co.uk/Index.aspx?searchtype=2&words=New+World+Oil+%26+Gas

NEW's market cap. at its delisting price of 0.06p was £2.8M.

Paragraph 12(xii) of Part VI of BST's admission document of 30th. November 2016 (page 113): "(xii) Convertible Loan Agreement between NWOG, the Company and Big Sofa Limited dated 30 November 2016 An agreement between NWOG, Big Sofa and the Company whereby NWOG’s outstanding loan of £675,000 to Big Sofa will be amended conditional upon Admission into a loan convertible into New Ordinary Shares in the Company. The loan carries a coupon of six per cent. up to the date of Admission and five per cent. thereafter and is repayable by Big Sofa on 31 December 2018 (“Repayment Date”). The loan is convertible into New Ordinary Shares in the Company at the lower of (a) the Issue Price or (b) the lowest price at which New Ordinary Shares may be issued by the Company as part of any fundraising conducted between the date of Admission and the Repayment Date. The conversion rights may be exercised in full or in part at NWOG’s option at any time up until the Repayment Date. Any such conversion will be in full and final settlement of the respective part of outstanding principal and interest converted." HTTP://www.bigsofatech.com/investors/documents Note that NEW's £675K. convertible loan to BST can be converted at a price lower than BST's 17p IPO price, if BST has a sub-17p placing before the end of 2018.

Hamish Harris was appointed as a non-executive director of this company on 18th. July 2012, when it was still called PLUS Markets Group (it became Polemos on 28th. November 2012). Since then the share price has fallen by about 90%. He was then appointed Executive Chairman on 18th. January 2016 ... since when the share price has fallen by over 60%. It is to be hoped that this lamentable track record improves.

Apologies for the repeated article extract sentence above: here is a copy with a replacement extract. "Certified True Randomness Created by Cambridge Quantum Computing Cambridge Quantum Computing 28 Jul, 2017, 17:32 BST "… The most critical component in any quantum technology or quantum computing based communications methodology is the ability to generate random numbers. All quantum key distributions will require such basic ingredients. There has, until now, been no true "certified" randomness in the world, and even primitive quantum mechanical based random number generators are not device independent or certified. Cambridge Quantum Computing has invented a certified true randomness generation protocol that is device independent. ... The company said "Having spent a number of years perfecting the research basis for RNG, we are in the early stages of commercialising this essential technology that in many ways has for decades been the 'holy grail' for quantum communications." …" HTTP://www.prnewswire.co.uk/news-releases/certified-true-randomness-created-by-cambridge-quantum-computing-637200823.html

"Certified True Randomness Created by Cambridge Quantum Computing Cambridge Quantum Computing 28 Jul, 2017, 17:32 BST … The company said "Having spent a number of years perfecting the research basis for RNG, we are in the early stages of commercialising this essential technology that in many ways has for decades been the 'holy grail' for quantum communications." ... The company said "Having spent a number of years perfecting the research basis for RNG, we are in the early stages of commercialising this essential technology that in many ways has for decades been the 'holy grail' for quantum communications." …" HTTP://www.prnewswire.co.uk/news-releases/certified-true-randomness-created-by-cambridge-quantum-computing-637200823.html Thanks Rtf, Brilliant news! Generating true randomness numbers has long been the holy grail of encryption ... and our 'sister company' CQCL has cracked it! CQCL's Quantum Key Encryption ("QKE") products, that were expected to be available to GOS Systems last year, looks like the commercialisation that CQCL is referring to!! Well done to the team at CQCL for this ground-breaking, 'silver bullet' development ... with GOS Systems looking like a major beneficiary. And as well as providing secure communications services, GOS does of course also provide security surveillance. Which will give it a very compelling double positive whammy.

Thanks for the clarification Rtf, and apologies for the mistake. However, the 'Click to login' area hasn't been commented on here before, and it does suggest a healthy number of customers, and good customer service.

Yes Rifteastafrica, As in its 31st. March final results, ZMNO stated that " ... a decision is expected to be made during H1 2017", we are now over a month overdue. However, ZMNO's recent recovery to 3.9p is a bullish sign. And ZMNO's AGM on Wednesday could provide a timely opportunity to update the market.

"It’s understandable to be upset or confused by job ghosting, especially if this is the first time it’s happened to you. But in truth, job ghosting—unlike many instances of romantic ghosting—probably has very little to do with your application or worth as a candidate, and a lot more to do with what’s happening on the other side." http://splinternews.com/what-does-it-mean-when-a-potential-employer-ghosts-me-1793850839

Oy! Oyster is floating "in the near future"!! "NEWS August 01, 2017 Oyster Announces Engagement of Advisers for Proposed AIM Listing and Closing of Second Tranche of Private Placement Vancouver, British Columbia -- August 1, 2017 -- Oyster Oil and Gas Ltd. ("Oyster" or the "Company") (OY: TSXV, 13L: FSE) is pleased to announce that in connection with the Company's proposed admission of its common shares to trading on AIM, a market of the London Stock Exchange (the "AIM Listing"), the Company has appointed Beaumont Cornish Limited as financial and nominated adviser and Peterhouse Corporate Finance Limited as broker. The Company anticipates the AIM Listing to occur in the near future. ..." HTTP://www.oysteroil.com/s/news.asp?ReportID=798969&_Type=News&_Title=Oyster-Announces-Engagement-of-Advisers-for-Proposed-AIM-Listing-and-Closin...

That statement has been there for ages, but I've recently something on The GOS Systems website that I don't recall having seen previously: "Click to login Sign in to access our secure members area" https://www.gos-systems.com/ This area of the website requires a password to enter, and presumably it's for clients. Assuming this area is new, it could suggest improved customer service, and an increased number of customers.

AVO was about 350p in early 2014: it's now 13.5p, a fall of about 96%. BRH meanwhile is 15.5p, under half the price it was at the start of 2011.

03/07/2017 07:00 UKREG Flying Brands Limited Conversion of Convertible Loan Notes into Equity "… Following this conversion, Flying Brands has GBP213,800 of Convertible Loan Notes outstanding and GBP100,000 of convertible loan notes issued pursuant to a loan note instrument dated 18 November 2015 outstanding. … On Admission, the Company will have 64,786,721 Ordinary Shares in issue. …" http://uk.advfn.com/stock-market/london/flying-brand-FBDU/share-news/Flying-Brands-Limited-Conversion-of-Convertible-Lo/75155110 Monday's RNS highlights the large number of convertible loan notes outstanding: 213,800 convertible @ 1.1p, = 19,436,363 new shares if converted 100,000 convertible @ 1.5p, = 6,666,667 new shares if converted = 26,103,030 new shares if all converted + 64,786,721 shares currently in issue, would = 90,889,751 shares, i.e. a 40.3% increase At the current FBDU share price of 3.125p, that would equate to a market capitalisation of £2.84M. (In contrast, LSE is currently showing the market cap. as £0.97m at 3.125p) Conversion of these convertible loan notes doesn't bring in any more cash, as the money was subscribed in 2015, although it does reduce/remove the convertible loan debt.

Thanks Chesy, that's very helpful. The weakness of sterling will clearly help export sales, and the security situation will clearly help sales in general, so hopefully a nice part of this order book pipeline can be converted into actual sales.

"Anyway , other than sophos does any bright young thing out there know of any smaller , similar companies to sophos that are worth a look ?" Londonmf, Re. your query a month ago. I much prefer GOS Systems to FLX. I explain why in post 5817 on the following TGL thread on ADVFN: "TGL - A Quantum Leap - $26 Billion Market - £2m Mk cap" Hedgehog 10011 Jun '15 - 21:26 - 5817 of 7549 https://uk.advfn.com/cmn/fbb/thread.php3?id=32338320&from=5817 GOS was previously owned by TGL, but was transferred to Intelicrypt Tactical Solutions after TGL delisted, with TGL shareholders receiving shares in ITS on a one-for-one basis. GOS is reported to be performing well, and ITS is expected to float within the medium term - perhaps even this year.

A 'potential Qlik' - another video analytics firm that last year was acquired for $3Bn. - that's the potential long-term upside with this type of disruptive technology innovator: “Visual Analytics Firm Qlik to be Acquired for $3bn June 6 2016 Visual analytics company Qlik is to be acquired by equity investment firm Thoma Bravo, in an all-cash transaction valued at approximately $3.0 billion. Lars BjörkHeadquartered in Radnor, Pennsylvania, Qlik has offices around the world with more than 1,700 partners covering more than a hundred countries. Its portfolio of self-service data visualization and guided analytics products is used by companies of all sizes worldwide to explore information and generate insight. This portfolio comprises three core solutions: the Qlik Sense visual analytics platform; the QlikView guided analytics and dashboarding solution; and the Qlik Cloud range of SaaS apps. Under the terms of the acquisition agreement, Qlik shareholders will receive $30.50 in cash for each share of Qlik common stock, a 40% premium over the stock's last closing price. The proposed transaction is expected to close in the third quarter of 2016, subject to approval by Qlik's shareholders and regulatory authorities and the satisfaction of customary closing conditions. CEO Lars Björk (pictured) comments: 'Thoma Bravo recognizes the value that Qlik delivers - a platform that lets our customers see the whole story that lives within their data. Thoma Bravo has an excellent track record of investing in outstanding technology businesses for the long-term, and I am confident our employees, customers and partners will greatly benefit from our partnership with them'. Web site: www.qlik.com . " HTTP://www.mrweb.com/drno/news22750.htm

Let's consider the explosive nature of the 2017 growth here, which is better than I had been expecting, but which people seem to have been missing - 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results "... Revenues grew to GBP757,000 in 2016, with average monthly revenue approximately double that in 2015 ... Strong start to 2017, with revenues in June more than three times greater than January ... We have made significant operational and financial progress in the first half of the year, growing a substantial new business pipeline from just c.GBP100,000 at the outset of the year to over GBP1.35 million today ... of the proposals decided upon so far this year, Big Sofa has converted 54% by value ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. Revenues up over 200% in five months, an annualised increase of over 1,000%! And order book up about thirteen-fold in five months, an annualised increase of over 20,000%!! In 2016, turnover was about seven times the year end order book. If a similar ratio applies this year, we should therefore expect multi-million pound turnover in 2017. The order book clearly has a quite rapid turnover, as you would expect with this type of business, but which some people may not appreciate and which is therefore fooling them. Moreover, the conversion rate of over 50% is stunning: not only is it a very strong validation of BST's offering, but also bodes very well for further strong revenue growth. Now let's consider the operating loss and cash position: 28/06/2017 07:01 UKREG Big Sofa Technologies Group PLC Final Results " ...Operating expenses include GBP785,000 of AIM listing costs and GBP705,000 of deemed reverse acquisition costs, both of which are non-recurring. ... The balance sheet at the end of 2016 remained strong with cash of GBP2.5 million ... Operating loss (4,297) ..." https://uk.advfn.com/stock-market/london/big-sofa-tech-BST/share-news/Big-Sofa-Technologies-Group-PLC-Final-Results/75126028 I.e. the 2016 operating loss excluding non-recurring costs was £2.8M., only slightly higher than the year end cash position. The speed with which revenues are growing means that there may well not be an urgent need to raise more equity funds before the company is at or near profitability, especially as it could prefer debt if necessary. But of course it may choose to do undertake a placing, e.g. if it dual-lists in America as is the claimed intention. And if it does, the sort of explosive growth being achieved should mean that funds should be available at a very healthy share price.

With regards to NWOG the BST admission doc. states: "On 9 May 2016, Big Sofa signed heads of terms with AIM-quoted New World Oil and Gas plc (“NWOG”), with a view to NWOG acquiring Big Sofa by way of a reverse takeover. During the negotiation and diligence period since that time NWOG made loans totalling £675,000 to Big Sofa. NWOG announced on 17 October 2016 that an issue had arisen in connection with a transaction previously carried out by NWOG which may have a material impact on its financial condition. Big Sofa Limited terminated discussions due to the uncertainty surrounding this legacy issue. NWOG subsequently agreed with Big Sofa and HubCo that its £675,000 loan to Big Sofa would, on Admission, be varied so that NWOG had the option to convert the loan into New Ordinary Shares in the Company. Further details of this are set out in paragraph 12(xii) of Part VI of this document"