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I believe we nay be at the bottom of the trough now, but as I said the RNS is not as bad as some feared.

That aside though - Having presided over a disastrously mistimed strategy and catastrophic value destruction I can't believe how stupid Steve and co think we are, he says:

"Steve Flavell and Michael Hughes, co-CEOs of LoopUp, commented:

"As we continue to manage our strategic transition, we are pleased with the 31 new customer wins ...... we are well positioned to build material shareholder value"

How hard faced ae these guys a they go on to congratulate the teams achievement.

Not the end of the world as some feared, slower build up than anticipated but higher margins and a minimum growth number presented - why on Earth didn't he present that update in January.

So why the static SP.

It's actually the UK trading that is taking it down and the Canadian keep pushing up - I believe the UK sis plagued with speculators who are for ever looking for the next big thing with no patience to wait even a couple of weeks. Ramping then deramping in some cases depending on their particular holding position.

I suspect many of those traders piled in on the news and a now losing patience for no reason other than it's not rising fast enough or FOMO somewhere else.

The process takes time and IMO this is poised to rise strongly again, irrespective of who gains control of Cuda Energy this company will be a winner as uncertainty is lifted.

unhooked - you're taking it too personally, my only problem with your comment was that it was a statement of fact, you just posted no one knows so corrected yourself - that's why it was provocative as it led directly to your suggestion of a capital raise. If you simply said it was your opinion that's a different story - I have this same issue with loads of posters who post statements of fact that are not. just opinions.

They may or may not be financially stretched, but the CEO said they had cash for the medium term and the existing business would cover expansion (it's not in RNS's but interviews and presentation as I recall). I think he also said the company needed about $7m/annum cloud revenue to become standalone (70 clients)

Paddyboy1 "can't cover it's expenses atm"

I thought the same but decided not to comment as I seem to be doing nothing but challenge things that have no basis.

Whilst we've had a good day venting our anger at Steve and pals. I have also been looking at the Casino sector in Colorado - interesting to look at potential IMO even if Mashme haven't won anything. Casino's have interactive screens all over the place and many have convention/meeting facilities.

Apparently there are five towns where gambling is permitted in the Rocky mountains 2 on Indian territory, the biggest of which is an EX-Gold rush town Black Hawn and has next to no permanent residents (under 200) and 18 Casino's - it is styled as a mini alternative to Las Vegas with mountain air

It is also reported that Colorado is going to pass a new law allowing bigger bets and new games - will lead to new equipment installed and expansion.

I also found out the Casino towns are all to the West of of Denver - that where the advertised jobs are.

Yes it is, but I'm finding it hard to even raise a smile at the moment.

Lets face it only 20% of the company was floated upon listing and those original shareholders took up the bulk of the recent share offering - they know the directors far better than us and a tolerating this - they are not doing it for Love so must see value.

The two biggest shareholders have either been on the BoD or still have representation , they are all pals and if there is a bust up I suspect it will be very bitter, like a messy divorce - both are rich and invest in technology so we must assume they are savvy enough to spot a dog.

The BoD have been woeful at IR and I find it hard to believe they don't realise the damage they are inflicting - so I can only assume non of them care. If there are harsh conversations going on in the background (it is possible), the first we'll probably hear of it is likely a CEO resignation (and good riddance), something needs to change that's for sure.

However, PI influence and power is ZERO, no EGM's and in case you've forgotten not even an AGM to attend and then the promised alternative session never happened - they simply don't care, that's why there is no means to contact them where you gat any thanks or response or K*ss my *ackside.

The value destruction is indeed ludicrous, as just pointed out 97.5%, wow and still have a job.

Though having said all the above and much more, I still think the company may be onto a winning proposition going forward- if I didn't I would sell .

Unhooked - you inadvertently summed it up there "nobody will buy", that is the outcome of delaying news, everyone sits on their hands and has no confidence to risk more cash .

Fear is now the problem, sentiment is entirely negative and only the BoD can restore confidence - IMO they have either deliberately betrayed or at the very least failed investors who trusted them and soldiered on to protect their own positions. Someone should a fallen on their sword in addition CFO. But I repeat yet again, it does not mean the company's strategy is faltering.

Signs the company is not completely dead:

CEO presented a positive investment case to new investors.
Updated that Cisco to be added to Cloud options next year.
Bought Mashme and garnered showed support(belief) in proposition from big/knowledgeable shareholders.
Advised Mashme was seeing new opportunities not previously considered.
Advised run rate of new contract wins at end of 2021 is at least in line with previous period.
Recruitment ongoing.
Website subject to recent updates.
Ben Lee and others posting comment and conducting discussions.
No confirmation of new problems by the BoD.

IMO all the above are signs the company are still in the game - all positives.

The FACT the BoD are either useless at stakeholder Comms or don't care to advise shareholders about operational status or anything else is another issue altogether; IMO it has helped the SP to new lows and sapped confidence, I share the frustrations - BUT IT DEOS NOT MEAN THE COMPANY IS DEAD OR REFLECT CURRENT OPERATIONAL PERFORMANCE.

Surely you know that??

We would be mad to call for an EGM as it would crush the SP even more, even if we could (we can't muster the shares) - what for??

To grumble, without any prospect of forcing a change, all that would do is p*ss them off and dig in further - an EGM is only of value is supported by major shareholder who can carry a vote. If one of those shareholders pushes with sensible proposals then yes I would be with them.

I can't help anyone with their justified annoyance, but because the BoD have not told us anything doesn't mean nothing has happened or the SP is reflective of the underlying business - I think that's pretty obvious. I believe they have won something significant or they wouldn't be recruiting 3 support engineer in unexpected locations.

Their partner (only partner) in the US targets Casino/Leisure operation and those venues are in the locations of the jobs and one is newly opened with state of the art facilities and they have been upgrading others. Believe what you like I'm not trying to persuade anyone. I'm just pointing out a strong possibility (IMO).

Incidentally the Casino group is the largest regional group in the US with dozens of large scale venues a turnover run rate of over $6bn and presence in Vegas. That's why I was enthusiastic about this as a potential new cash rich marketplace.

As I said I may be way off the mark on the client, but I'm convinced there are clients to support. Actually I suspect they will never tells shareholder who the clients are if they are won via an Emtec partnership as they would be the prime contractor, the same may apply to our other strategic partner in the Cloud Comms sector.

All breaks removed somehow so here are links again:

https://theplanetsagency.com/wp-content/uploads/2021/06/Episode-17-Victor-Sanchez.mp3
https://gamingcontrolboard.pa.gov/files/licensure/reports/Gaming_Service_Provider_Applications_Received.pdf

The link is to an interview with Victor-Sanchez our new IT chief, first time I've heard him speak in English, he's very fluent with a Spanish twang.I think it dates from the middle of of last year and is focused on sustainability something, he clearly feels passionate about it and talks in general terms of Google etc for the first six minutes - he then talks about Mashme for the second half and comes across as very lively and switched on (refreshing after listening to Steve)I like him, he seems very genuine, engaging and passionate about the product - talks fast without needing search for explanations.WRT my earlier post Emtec (Mashme partner in US) set up in Las Vegas in 2004 and targets the Casino sector, are registered contractors in Pennsylvania (second link includes them in list) - so not beyond the realms of credibility - especially as the company said they were seeing new enterprise opportunities for the offering.https://theplanetsagency.com/wp-content/uploads/2021/06/Episode-17-Victor-Sanchez.mp3https://gamingcontrolboard.pa.gov/files/licensure/reports/Gaming_Service_Provider_Applications_Received.pdf

That's the line Mashme have included in their job advertisement for Technical Support Engineers, they say the job provides the candidate "Opportunity for global exposure Growth, growth, growth"

I posted about their more bullish slant previously and so I took a look a three other advertisements that came up on a search yesterday. Two are for actual support of client or clients and based around the general Denver area, notably these are for support of clients and site visits as opposed to winning work or rollout:

....We are looking for a full-time Technical Support Engineer in North Central Colorado The ideal Technical Support Engineer is passionate about our innovative communication technology, has a positive attitude, and the ability to be reactive and proactive on a day to day basis.
We are only looking to recruit someone who is resident in the State of Colorado, as some travel to customer sites is expected....

So I suspect they have won something interesting there, bearing in mind Mashme is a complex/state of the art solution, very expensive and requires support of actual installed equipment for demanding clients!!

But perhaps more interestingly, they are also maybe looking for someone in Elverson. Pennsylvania none area are in IT hubs as far as I know or even in cities at all - though there is access to major East cost cities from Elverson.

Back to the point - When I looked at the town on Google maps the only thing of interest (size) that appeared close was a Casino, that has a sister operation and a racecourse at other nearby locations. Digging a bit deeper the group has loads of Casino'/Leisure hotels across the country but most telling, one only a few miles from the Denver location (location has several nearby Casino's).

The Casino company's website indicates they have new high quality interactive video, the racecourse also uses advanced technology and rooms with interactive video screens. These look like big venues with full leisure facilities, and not merely little gambling establishments. It never crossed my mind that Gambling/Entertainment sectors could be potential clients and the one thing casinos have is lots of cash to have the best - and maybe it is a good application of the technology. Of course these venue also hold meetings/convention and the Black Hawk in Denver for instance states " state-of-the-art audio visual aids"

Maybe (very likely) I'm barking up the wrong tree, but they have surely won something or their new partner has delivered something - hopefully some large accounts.
https://jobsearcher.com/j/technical-support-engineer-at-mashmeio-by-syncrtc-in-conifer-co-Qp5OjJM
https://www.hollywoodmorgantowncasino.com/casino/barstool-sportsbook
https://www.ameristarblackhawk.com/meetings-events
https://www.mychoice.com/locations

stew200 - I just watched the video, good but only 8 views, I assume mostly watched by investors (me and you account for 25%) and I'm not sure potential clients will ever look at these things prior to finding Loopup via trade links -good for events.

But any effort is to be applauded we mustn't just complain - so well done Steve and team. lol

I just took a look at the sales, all 8 of them that drove the SP down and they are all around 4 or 5 hundred quid for a few thousand quids worth in total - it's ridiculous.

I just did a test sell and was offered 13.015p

Incredible and IMO before we get to the end of the day someone will stick a sell through at 12.5p even if it's a couple of hundred - it not phycological damage being done.

It is ludicrous but I believe the CEO's don't care, all those investors that where mugged in the last capital raise must be fuming, assuming their stop losses have not been triggered.

They should have got any bad news out in December.

I think we are all perhaps sceptical about many their decisions and a joint broker is yet another decision that begs a proper explanation/clarification.

I think trust in the CEO's is dead or barely has a pulse (for PI shareholders) and I don't think they give a damn, they know we can do nothing apart from moan or sell up and maybe that is what they want. As long as the big shareholders don't turn on them there is nothing to be done - they're secure.

Your post basically sums up what is driving the SP to ludicrously low levels "fear".

We are all wary that the company will drop a bombshell on us, so few have the nerve to buy whatever the SP.

They need to get the news out good or bad, just get it out and be done as Steve promised, with no news the very worst is feared even though the last "partial" update was positive - it's a double whammy.

It has now become ludicrous, no one has anything positive to say even I'm struggling, the SP is approaching half the price of the capital raise price and the underlying business prior to that raise seen as worthless (less than cash raised) - and not on bad news but lack of it leading to deteriorating sentiment.

Just release the sodding news and we'll take it on the chin, only excuse is if there is some corporate activity (if there is it's most likely to protect the directors positions).