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There will be an update on the resolutions of the AGM - but strictly speaking nothing else is required until December.

If they intended to divulge anything at the AGM the would have been a pre-meeting update.

The AGM for this company is just about getting what they need from shareholders, not shareholder engagement.

The SP perfectly demonstrates the gulf between management and shareholders for a company with such great prospects - it's ridiculous as this should be a good day for the company.

RichWG - just read your old post, absolutely what I've been saying recently and very well put by you.

"Assuming the recent and ongoing increase in senior management and technical appointments include for a share option incentive package, then a low share price is beneficial until all posts are filled. Typically share options are based on salary. Assuming a salary of £75k and share price of 75p then that would give an option of 100,000 shares in typically 3 years time. If in 3 years the sp is £2.75 then exercising the option gives a profit of £200k which should ensure focus and retention of staff.
If current share price was £2, then option would be for only 37,500 shares. In 3 years if sp is again £2.75 then profit is £28.5k, not too great an incentive over 3 years.
So maybe loopup reporting, is to ensure shares will remain depressed until all new appointments are filled. Just a Thought?"

Just what I think, a look at the history of the company since listing provides clear evidence that this is important to them and could net in excess of £1m for some if the price gets back to previous level.

I don't think some PI's realise what is going on here, I'm all for incentives but there should be a reasonable achievement bar to reach, and it should not be dropped as it does not incentivise anyone.

You might be able to retire on Loop if you wait long enough - not today though another days work for you and the rest of us.

This company, for all my justified criticism, offers massive potential for a major rerate and I really believe when our BoD and major shareholder want the SP to rise "it will". I suspect it will be after the share option scheme has launched and the staff are comfortably bedded into the scheme.

Frustrating, but that's AIM.

bigsmoke - if only it was funny. Very disappointing

I'm convinced they are fully content with the low SP for now - it is potentially worth a lot of money to the staff to get their options cheap. Tens of thousands of pounds to some employee's, much more for the CEO's.

Total disrespect for shareholders who bought in the AIM listing, placings and on the open market in favour of other stakeholders (staff and seed capital providers). As said by others yesterday - they are running this like their private company

IMO they'll start pushing out information when they've got their shares lined up. In the meantime silence ensures the SP stays supressed

Ocelot -"Loop could be in for a lean year while it establishes itself in the new playground"

I'm not expecting a lean year, flat possibly, but we can all work out an upward trend if there is one.

I don't think there is a problem as the lost customers had Zero commitment and they are a dying breed in the Loopup domain.

The problem is not knowing which ultimately equates to a lack of attention of IR to keep interest alive rather than any operational or strategic reason - that's why it is so sad and frustrating. Because it's totally unnecessary.

Bigboo2 - exactly. It's surely what any management team should want to do - engage with their Stakeholders and maybe learn where they are failing or could improve - it shouldn't be a difficulty with 2 bl*ody CEO's or they shouldn't be listed on AIM .

If they are performing well enough to deserve a generous share option plan then surely they should be telling the world ASAP - not least because it would make the company look stronger to potential clients and a company of choice when they do due diligence. A clapped out SP and uncertain market view on the product is hardly a selling point.

I posted earlier because I noticed the Saga pre AGM update this morning, some of you mention other companies - it is simply good practice, not asking a lot, I was being sarcastic just on the very vague chance that someone within the company may just glance at the feeling expressed by PI's - flogging a dead horse though I suppose.

I hope they will produce something pre-meeting , I live in hope.

Address IR Steve!!!

The excitement is palpable as the tension build to the AGM. Like watching Geoff Boycott settle in at the crease for a day or two.

Shareholders in are clearly moving into a buying frenzy, thanks Steve for filling everyone with so much optimism. We're all singing from the same hymn sheet now. I'm finding it hard to restrain my excitement and type.

Keep it up, can't beat proactive leadership - we're all rooting for you and the Staff to get your options much cheaper, everyone's a winner (god forbid the SP rises before re feathering your nests) - may I suggest you maybe get one or two mates to chuck a few shares at the weak market, after all they (those owning shares not offered in the listing) own most of the shares. As you say, you are aligning the interests of Staff and shareholders
- I'm sure we all feel it, genuine alignment is so rare. - very noble of you

Thanks again for your exemplary efforts , PS don't do what so many other foolish companies do and put out a meaningful pre AGM trading statement - we don't want to fall into that trap, no way.

Loop is a sitting duck, Shorters don't need to work very hard here and down we will go. There should be excitement around agm time

Bid and offer are both 72p (not in auction). there is a complete lack of interest and it looks to me that MMs are enviting everyone to chance their arm.

Totally Underwhelming - that's the current situation, little to talk about and b*gger all trades to drive the SP, it will slump naturally as PI's get bored or frustrated and sell up.

Tumbleweed time, when there should be excitement, as I said yesterday there is no sign Steve even understand or cares that Shareholder engagement is required.

I don't criticise lightly, I often write posts and then decide not to publish as they are too strong and I'm invested after all - but we need to be honest, Steve and other pre-listing investors have done very nicely and the cash has been stumped up from the listing and subsequent capital raise.

Treat us with respect !!!!

It's all very interesting and I've read loads of things, many posted by you, that show what a huge opportunity has dropped on the Loopup horizon - the more one digs to more compelling it looks. But we haven't had any evidence that the company a expanding/progressing operations at anything more than a steady pace. We work at finding generic information because of a lack of company specific news, Loopup treat everything like it's a highly classified state secret; kept under wraps until forced to declare it. After 5 years they've still not got to grips with effective communications as a listed company.

Steve please pull your finger out, sort the pathetic IR out, it's starting to look like you can't be arsed to engage with shareholders (except inner circle).

I'd be very surprised by bad news, very surprised, but in not knowing how we currently stand it leaves everyone to speculate and comes to any conclusion they lean towards - that lack of knowledge is what I want them to eliminate with regular news - if it's bad news it's bad as long as it the truth we are better off.

I'm not sitting on the side lines, for the time being I've now invested as much as I'm prepared to commit, and I'm confident I'll see a very healthy profit - I'm just now sure of timescales.

I agree with you on the "news" problem, and that is the root cause of your liquidity issue - lack of buying activity - simples.

They are proving to be exceptionally poor at IR, busy operationally and ignoring IR. Deferring shareholder engagement to some unknown session when we have been denied our right to attend and question director at an AGM - is not the proactive / caring gesture is seems at first glance - it's too little too late.

A less trusting person than I might even suggest they are cynically buying time. They might even say they are avoiding alerting the market to any good new until they have secured the cheapest price for their share options - not me though.

They should provide a market update prior to the AGM, Chairman's statement, else there is the possibility of attendees being given information not in the pubic domain.

Where all Virtual now - virtually forgotten

monica69 - Everything is up for grabs from dazzling success to miserable failure - that why the SP has no direction and to many the SP seems unfairly suppressed. They need to get their IR into shape - or at least show it exists.

There's a typo suggestion I hope I don't ever see "The gory day are yet to come,"

I meant glory of course.

big - "“If loop up ever recovers to the glory days....."

The gory day are yet to come, the £4/share capital raise was on the basis that the SP could break much higher - the business case is on the face of it now much stronger. They simply have to prove that the potential will progress to more than just potential unrealised - shouldn't take long but in the meantime they play their cards so close to their chest the market isn't reassured. When/if they demonstrate good/steady progress in the next RNS, IMO £1+ is doable - no need to conquer the world.

Paddy - I suspect most shareholders realise there is a drag on any rise, you're right that many need a good NEW reason to invest and stick.

The trouble with AIM, one of many problem is that a large proportion of investors are very short term, perhaps the majority - thr MMs and those that play us are acutely aware of how weak many holders are. Because so many do it like CHR155, it works as a strategy, so we can't really blame anyone.

In my early investment days I often kept shares over 5 or 10 years. I can't see 80p being an obstacle though, perhaps 90p

My spirits certainly high and the more I read about the background the more my optimism rises.

There may well be an initial dip in revenue as the company implements it's new strategy - but IMO the strategy is outstanding.

MS teams is the fastest growing MS business App in history, that is extraordinary and the trend goes back to before the pandemic. The linked article, all be it an old one, quotes Jeff Teper, Microsoft’s corporate vice president for Microsoft 365: "Teams ‘will be even bigger than Windows’" That is some claim!!

"Teams is Microsoft's fastest-growing business app ever. That was true in 2018, long before lockdowns started juicing up numbers for remote work and learning. As of April 29, Microsoft Teams had 75 million daily active users, up 70% just six weeks prior.26 May 2020

So I believe Loop have picked the right horse to back and if they can't make a some serious growth out of providing a premium version to their clients. If our directors can't a killing at what is still an early stage then they've no business running any Comms company - I can't see how they can fail to win work and they have very deep experience.

It reminds me over the years of people getting into the right thing at the right time - Video rental shops, ISPs, Data Centres, Vape shops etc - it's easy money for first movers and Loop are not quite the first mover Loop are certainly in early.

The move to promoting/providing cloud telephony and MS has put them on the right track as a growth company.

CHR155, we already know you trade in and out,, good luck to you, your strategy clearly works, don't worry about us we'll hold the fort.

https://venturebeat.com/2020/05/26/microsofts-jeff-teper-teams-will-be-even-bigger-than-windows/

sorros - Boring you am I! Can I suggest politely that you stop being bloody condescending, I'll post what I like, this is a discussing board not sleepy hollow.

I cant' see any contribution from you, if you're still awake, what's your viewpoint?

Based on my last post one might reasonably have expected to SP to move up but the MMs have actually moved the bid down - appears totally counter intuitive with no apparent selling pressure.

IMO, only counter intuitive if MMs are playing a simple passive role, in reality for weeks it has looked like the SP movements have been contrived - I agree with those that there is no clear trend here yet - I tried to buy more this morning and was stopped so I'm happy we are near the bottom of the trough.

I can't get a live price to Buy shares - but can sell 25000 at above 79p and reduces to just above 78p for 40000.

Looks like there is a little upwards pressure and they have none to sell at the current price. Tentative upwards momentum building, but could break down if someone start chucking shares at the sell.

Whatever, it looking a lot better than when we sunk below 70p and there were fears of breaching 60p.