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Thames Water were unable to fit a water meter at my property. Not enough room indoors or outdoors around the water main. This is quite a common problem. However there was room indoors for me to fit my Leakbot.

Water meters are highly likely to suffer from the same problems that plague electricity and gas smart meters. Local wifi/mobile signal problems frequently cause problems transmitting the data.

As Leakbot are located inside the house and use home wifi they work well, and do not suffer the ‘Smart’ problems.

Many people are highly suspicious of all ‘Smart’ meters and will do their best to resist installation.

Incidentally SMART stands for Self Monitoring And Reporting Technology. It gives utility suppliers/governments additional control/power.

Jiggered - ‘Small keyboard warriors’ - if you check back through Ondo RNS list you will see that the chap you are denigrating holds around 3% of Ondo shares, so extremely small fry.

You also fell out on Telegram with Gervaise Heddle who holds over 5% of Ondo shares, and is a former CEO of Greatland Gold.

By the way there is an important exception to the concept of ‘Argumentum ad hominem’.

Many philosophers have observed that questioning a person’s character is a fallacy only insofar as the person’s character is not logically relevant to the debate. You were challenged on Telegram by several people on the basis of your actual behaviour, so your constant parroting of Ad hominem is not relevant.

I recommend that you take on board another useful philosophical concept. “When in a hole stop digging’.

Jigger seeking the moral high ground! The man who had to exit the Ondo Telegram group because of his own dodgy behaviour.

You cyberstalked one of the contributors in the Ondo group, and shared his personal information on the group in a misguided attempt to intimidate him. Constantly spouting ‘Ad hominem’ is hilarious coming from someone who behaves as you have done.

Gallmat - I think you have to be very careful listening to the output of posters like Jigger who are clearly working to a ramping/deramping agenda.

If you look back at his posts here, he was overwhelmingly bullish until quite recently. Then as if someone had flicked a switch, he started posting highly selective negative content. Nothing in the Ondo business changed over this time, but his motives clearly did.

Following people with an agenda can be very damaging to your wealth.

All excellent points Magee. You clearly have a more detailed and balanced understanding of Ondo than Jigger.

I noticed that on the Ondo Telegram group, Jigger was highly disruptive, engaging in blatant deramping activity.

His ‘research’ was so selective that people started parodying him. He didn’t take this at all well, and when his highly unethical behaviour was challenged he bailed out from the group knowing a ban was imminent.

The Ondo Telegram group is very well informed, and the consensus from the active participants was that as a deramper Jigger should be ejected from the group.

He does not engage with other posters, and respond to their rebuttals of his claims. He simply broadcasts negative ‘research’.

I would take anything Jigger says with a massive shovel load of salt.

Yes it is frustrating not being able to access the current broker note, but I seem to recall they when they started coverage they set a short term price target of 50p?

I think their cash position will enable therm to cover any additional US costs, as upfront payments from the current large scale US and Scandinavian roll outs will be feeding in substantial cashflow.

At the current price level Ondo represents outstanding, low risk value.

Many here are up to speed on the very strong fundamentals of the business model, but the charts currently also confirm this. The daily RSI shows Ondo as extremely oversold (RSI below 30), and the weekly RSI is also approaching oversold levels.

Current price does not reflect all the progress that has been made in the last 12 months (eg 10X growth in Total Addressable Market accessible through current insurer contracts).

The July results announcement is very likely to show that ‘potential’ is now being converted into very substantial Leakbots shipments and revenues.

It was a tiny £2K purchase. Not exactly significant. Perhaps just maxing out his ISA?

Once retail jumps in on the btc bull season (at $100K?), people are going to realise there are major problems getting funds for btc purchases to and from their banks. At this point TAP provides one of the few UK routes to acquiring btc.

TAP volume will also pick up as ‘geniuses’ attempt to trade btc.

No placing required. Company is well funded with warrants being exercised and the debt repayment schedule having been moved back substantially.

TAP continues excellent growth. Now at 200,000 users, having added 50,000 users since the end of May.

All during a quiet bear market. Wait for the bull market growth.

Looking at the list of significant holdings I would say it is more like 70% plus.

Existing holders understand that based on future potential the company is very undervalued at present.

However, as we do not yet make profits and are a relatively small, early stage business, valuations will generally be done on a total sales multiple. Based on our FY 23 sales and the current SP we are on a S/P multiple of around 18. The recent run up in the share price has pushed this ratio to this very high level. If you compare some of the comparator companies highlighted in the Bloom analyst report, they are typically on sales multiples of 4 to 5.

So currently potential investors who only look at ratios rather than news feed probably view Ondo as expensive.

We are lucky in that we still have time to build up our positions at current prices, before the market realises the potential of the business.

If you are looking to invest long term in Ondo, all is good. If you are trying to trade Ondo short term I think you are making a big mistake. The re-rate could happen at any time.

As many insurers have a network of good independent tradesmen available to deal with repairs, I think Ondo will only need to provide the plumbers where insurers do not have such a network.

I am sure the company will have pitched pricing so that the costs of any employed plumbers are adequately covered.

Craig & Kevin both came across extremely well. Very good insights into the future of the business.

A few highlights, but I agree it is well worth taking the time to watch the livestream replay.

No capacity constraints with regard to manufacturing.

New pricing model makes it easier to get a yes from insurers as it looks better from a year 1 P&L perspective.

Moving towards a pricing model of £4 per Leakbot per month.

Annual overhead costs will grow more slowly than the base of installed Leakbots.

Likelihood of copycat competitors very low due to patents and huge costs of developing a similar system.

Additional insurers able to come on board faster as distribution facilities already set up in the countries (eg USA)

Under transfer of services agreement, Homeserve plumbers will become permanent Ondo employees, ensuring quality of repairs.

Looking forward to hearing from Craig at 2 pm today.

Ondo still has a lot further to run IMHO. Research the fundamentals and come up with a future value for the business.

You may well conclude that the current price is still a great opportunity.

Gervaise Heddle has not sold any shares. The exercise of warrants has taken his holding below the 6% reporting threshold.

I think it is A B Mckinley who is suggesting £60M rather than GH.

GH is extremely confident about future value of Ondo. To my knowledge Ondo is the only company he is heavily involved in as an investor, after leaving Greenland Gold.

Your scatter gun chat post distribution reveals how little focus you actually have on Ondo.

Rather than trying to engineer pump & dump situations, you would be far better off in the long run just buying & holding Ondo.