Member Info for MaccGaz

I'm still hoping we don't have to wait until September to have confirmation of the first half profits.

The operational performance does look like it's gone well, with almost 75k domains added in June.

However, I think that we're all agreed that the share price performance has not been good. I would certainly not be impressed if they decided to wait until September before providing an idea of how successful the first half of the year has been. I don't think that they will do that, but the point still stands.

I am interested, in particular, to see how the clean slate aspect is reflected. There are no ifs and buts, it's just all about keeping costs under control and making profits. Let's hope that it makes good reading and finally starts to entice other investors into the company.

The rise is definitely related to his purchases.

I also think he's doing it the right way, 250k per day, each a separate order. When a large order, like one of SJL's goes through they just negotiate a price and it has little effect on the price. Regular, daily orders can make a real impact. Hopefully he will carry on for a while.

I'm hoping that Toby will not wait until September to tell us how H1 has gone, so he may be in/near a closed period.

It's just when it's in the mid-point of the Bid and Ask. It's usually closer to one or the other which is what makes it display as a Sell or a Buy.

That's also why it's not often very accurate!

He was only making a suggestion as to what this service might cost, based on Donuts doing the same thing for all of the gTLDs that they own.

Maybe we're not in for .hotel after all. I think that we have withdrawn, but .hotel is still in contention with .hotels and another one.

So, I wonder whether that is them all finished now? It would be good to get confirmation of that when we receive the money (and announce it) from the last auction.

We're still in for .hotel and having a fund for that makes us more of a serious contender. .hotel should sell pretty well, but at this point I'd prefer to just take the cash of a private auction.

Then, the funds should be available for dividends and then hopefully start looking for someone to sell the business to. Using the money on consolidation won't do us long term shareholders any favours!

We could do with a continuous quarterly update, now that it looks like 2019 will be a strong year. The "MMX Share News" story dated Wed 3rd of April reads like a disaster, when actually the losses were all just accountancy write-offs to make future performance look better.

The comments of "Billings in the three months to the end of Match almost tripled due to a significant increase in billings from China. " are the kind of things that would be good to have in a real RNS.

Ultimately, we need to wait until those write-offs fade into obscurity and the 2019 numbers speak for themselves. I'm not sure a wait until September to get the 1/2 year results will do us any favours!

To be fair, domain sales have continued to go up (the one big thing management can do) and we set an all-time high for domain ownership - even excluding .xxx.

We have a high renewal rate, but even 10-20% of 1.7m is a lot to sell to just maintain the numbers but clearly we are doing better than that. https://ntldstats.com/registry/group/Minds-Machines-Group-Limited

What we could do with, though, is quarterly reporting to build momentum and increase awareness.

I wonder how long ago that trade was requested. £1.175m is probably more than has been traded over the past 2-3 months and the share price remains unchanged as if there were 0 trades.

AIM transparency...

I thought it was a bit strange that it said "Post year-end the London & Capital facility of $3m has been repaid in full." only a few paragraphs after " Cash inflows comprise of cash from operations of $3.2m, net of one-off costs, **$3.0m in funds received from a working capital facility** and cash acquired as a result of the acquisition of $0.9m"

This year is finally about going for pure profits. They've essentially written off the future crazy costs from the London contract, etc. ICM has been integrated with no major further one-off costs expected.

Revenue is slowly growing and recurring revenue now covers the entire costs, so all new sales should be pure profit without the on-going cash drain (from accounting eye view at least!).

2019 should be all about profits and then the decision will be about what to do with them!

1H 2019, if it's all gone well would be a good time to issue some dividends and it'll be interesting to see what the H2 innovation is. Dividends and profitability should give a boost to share price.

I'm also wondering about what the need for the new board member was and also whether a share consolidation would be a good idea. Having a 5-6p share price probably doesn't inspire much confidence.

Finally, not too pleased that they're still considering buying other gTLDs. I guess it's a good idea to keep your eyes open, but I'd prefer to position the company as a profitable one that's ready for someone to buy.

I'm hoping that the mobile view is not a separate site from the desktop view this time! I always had to switch back to desktop view after each access on the mobile.

If it is responsive then that problem should be gone!

I wonder if they will also unify thread view and message view.

2019 should (finally) be the year where we see good profits without any "but"s and surely a dividend at that stage.

I do think that we need to have a decent amount of money in the bank, dropping to $2-3m post-dividend seems a bit risky if sales were to suddenly slow.

With such a good amount of money in the bank now, plus what should be a good cash profit then it should also be a good dividend!

I would echo what others have said and that is that we should steer clear of any further takeovers and try to create shareholder value until somebody buys us out!

It sounds like it will be quite separate from MMX - but good luck to him!

I read recently that the UK government are still trying to push through age verification on porn sites sometime soon, so that implementation will be interesting. "Prove it once and then forget" they say, but I'm almost certain it will be cookie based and, whilst I'm sure that none of us would be involved in such things, I hear most users browse in incognito mode. Thus rendering the cookie useless and it'll be sign in every time.

In this day and age where privacy seems to be so highly thought of, the UK government want to track which porn sites you visit!

Perhaps by offering a .luxe address to your confirmed identity/id on the blockchain then you could anonymously verify yourself without anybody knowing who you are. But, then, you could always borrow someone else's address in that case!

Indeed. Even Monday's rise 10% rise hasn't shown any significant buys 5 days later.

Perhaps SJL's purchase going through the (long) process was the cause. Supply & demand is supposed to be the reason for the rise and fall of a share price, but with the ambiguity and delays of trades it appears it's power on the price is a much lower factor than it really should be!

The MM just write their own story!

This is the sort of thing that management need to keep up (regular/quarterly updates) to help build some momentum. Costs have been reduced over the last few years and now the remaining debt is expected to be cleared.

We have stable and recurring revenue, with money in the bank and we just need to convert as much of that as we can to profits. All signs point to a healthy profit this year. Let's hope the share price reflects that!

I'm sure there are a few accountants here on this board and I'd be interested to see their take on the .London disaster - A contract that will have cost us almost $20m by 2021. Insane!

In the last set of results, we had this:

"In 2016, the Company successfully renegotiated aspects of the given contract to reduce the then marketing obligations of $10.8 million to nearly half this amount under the condition that those marketing funds be provided directly to the commercial partner to manage. In addition, the Company negotiated that the runway on its 2017 minimum guaranteed commitment be extended from 12 months to 17 months to allow the revised marketing strategy to come into effect. To date, a significant portion of that marketing budget has been spent by the partner with minimal impact on revenues in the current year and no expectation of any material uplift in future periods. Accordingly, given recent performance, and expected future performance, the Company is now impairing the asset ($4.1 million) and is providing for a one-time onerous contract provision in the amount of $7 million, reflecting the future expected losses of $1.7 million per year above revenue for the remainder of the contract, based on flat growth of the asset. The provision reflects net future obligations (i.e., cash due above total revenue per annum), which will be paid from 2018 until the contract end in August 2021. The Company will seek to renegotiate a more equitable settlement given the losses incurred on this asset (c. $11.9 million) since the start of the contract, as a result of the terms agreed by former management."

The $7m provision was shown as a $7m loss on the accounts for that period but, to my understanding, we will keep paying the $1.7m(!!) every year until 2021.

So how is this going to appear on future accounts? Will it essentially appear as if we have not paid it each year, even though we have (and thus appear more profitable)?

I have said it before, but this should be right at the top of the list to resolve as it's a crazy amount of money to throw away every year - especially for a small company.

I think that this time, next year will be the time to do it because the debts will have been cleared and that money can either sit in the bank or go to us... or be used to buying up another gTLD (but I hope not)!

#1 priority has to be to sell the company as it's never going to be a lucrative business, but with good synergy it should generate good profits for a long time for the right buyer. So that still needs to be the main consideration for what to do with any generated cash.

It's also written by a dot com domainer and asking one of those what they think of gTLD's is like asking a Scotsman what he thinks of the current England football team.