Member Info for MaccGaz

Lombard Odier are continuing to buy up and it's slowly making a slight difference to the share price. Hopefully they will continue for some time!

Even though this one had a typo in the aggregated volume!

The deal with Nominet was never released so it's good to hear that it is a good one and the neutral status is a fair point.

I also do agree that the domains are becoming more accepted and I do, more and more, see the new sites in Google searches. It's just slow going, but was always going to increase over time.

I've said for some time that quarterly updates on sales would be a big help for the share price - that is assuming that the weighting is not so heavy that the early quarters panic investors until the later quarters come in. I hope that you're right on the sale price, but as a buyer would you pay 15p for a share currently valued at 5p?

Some solid results, with optimism for greater profits would help boost the share price and rumours of an incoming buyout may take the share price up to a more reasonable level, hopefully before any bids do come in.

Overall, I am not worried about this share, but have long since accepted that my pockets will not be overflowing by the time I get to exit! I would at least hope that it was worth the time I put into it!

The underlying problem is that the gTLDs have just never really taken off. In the long term that can provide a good recurring revenue, especially for someone that has all of the facilities already. For us alone, it's just not that exciting and investors are not buying in.

There are things that could boost the profit considerably, like re-negotiating the .London deal that we've written off and is costing us $1-2m / year. Moving the registry services to Affilias at a better deal may reduce those costs too.

Some of the more creative schemes may help, but apart from that all Toby can do is keep trying to sell more domains, reduce costs further and talk to investors.

Ultimately, we needed to sell the business when we had the chance. Even with ICM's revenue and the share price so low, will we even get the offers that were on the table beforehand?

The business is cash generative and as long as VIP doesn't collapse the business will continue to be profitable and we just need to wait for another bid to come in as there are limits on how far it can go. Who knows how long that will take but that is the only end game that is going to work for investors and Toby needs to keep that in mind. For the rest of us, we've successfully bought "a long wait" from the left handed pencil shop and we're still getting our money's worth from it.

It's good that they are branching out into other blockchains. I think this is a very important step if we want to establish .luxe and maintain the first mover advantage there.

No comments made on the number of sales, but we know where that's at. I consider the market expectations to be decent profit for this year, excluding the outlay for ICM.

For all the ups and downs of this share, I've not seen one that posts so many "ahead of expectation" RNS's!

Shame I got out so early!

Yeah the sales haven't been great but will hopefully pickup. At first I thought that the DNS idea would be better than the existing .eth as it'll be available to anyone on the internet. However, the current .eth domains are actually part of the blockchain which should mean that it's even more reliable than having a major player running multiple DNS servers.

It also goes along with the decentralised nature of crypto coins.

I also noticed that users can actually buy subdomains of .eth domains owned by others for very low fees. This may be why the .eth domains commanded high fees.

.luxe does have the advantage that it can be used for a website and wallet, but I think that they'll need to try to get it into other crypto currencies to make it really big.

Crazy!

But I'm sure you'll get good profit from that one.

The 1m sell looks to have dropped the price by 8%. £54k in a near 50m market cap!

I wonder whether they will raise or lower the price to find the 2m shares that SJL is after.

Yeah I don't think that we'll see the count from early access until it's generally available as they typically did not add them into the zone file until everything was live.

I think it's good that they're targeting investors now. Apart from the .Luxe innovation, the business is just running day to day now so internally they need to keep selling domains and the bosses can try to raise the share price.

Perhaps a drip feed of buys from SJL would steadily raise the price as volume has been very low for some time. However, the MM will probably agree a price and then fire off stop losses to get the stock they need!

I should have mentioned this a while ago, but forgot... but on that website there was a presentation which showed the process of ordering a domain name and linking it to a wallet, but I think they've updated the site since then.

Luckily, it was still in my browser history: https://www.join.luxe/assets/ppt/MMX-Computing-conference-20180921-w-video.ppsx

[I hope they have cleaned it up a bit in the meantime as the UI wasn't perfect]

This shows a $99 fee for the name, although it's only a demonstration, but I do think it reflects the potential pricing. There are a lot of people that have been trying to exploit the cypto coins for a long time. Eth started in 2015 and between March 2017 to June 2017 the price per coin went from $20 to $376 and it peaked in Jan 2018 at just over $1000.

However, the current price is back down to $228. Still significantly higher than 18 months ago, so I think there will be plenty of rich individuals involved.

Something that I did wonder about, is that the $29m from the .eth domain that they made may have actually been charged in etherium. With the volatility involved, it does make me wonder how accurate that figure is as it might have been that amount at it's peak but if the cash wasn't taken out it could be considerably less.

Still, this is potentially a great opportunity and could be a strong boost financially as well as getting MMX into the media.

If it begins to work, then the management team should be looking to roll it out to as many currencies and wallets as they can. They're a first mover and could potentially take a huge portion of the market.

Thanks for the clarification. I didn't realise the .London contract was so bad... and to think that's what made the share price hit 20p.

The RNS was pretty much as I expected. I wanted MMX to sell up rather than acquire another company as I knew we'd need to wait until at least the end of the current year for some significant results.

My hope remains the same... that someone comes in and buys MMX, but without taking too long to do it!

Thanks for the post.

I think the management do get out and about in terms of trying to sell domains, but I do agree that they don't appear to do it so much in terms of selling the company to investors - just the RNS video interviews. I did think that we would see more of that when they appointed advisors as part of the strategic review, but we didn't see any in the end.

Hopefully we will see more of it and a good effect on the share price now that we are profitable.

I agree, it's well worth taking this innovative approach, rather than using it only as a typical domain.

I did check Reddit and it was a bit disturbing to read the ENS lead developer answer this question:

"If i have a .com domain, will i be able to connect it to my wallet address? If yes, how so?"

"Not yet - but we're working on it, using a different integration method based on DNSSEC. That will be rolled out initially for the .xyz TLD in the next few weeks, then on more TLDs after testing."

That doesn't sound like the .luxe address is exclusive at all!

The helen.luxe is just a look-up for the hash, e.g. 0x0f093jiejijefeij39j393

It's the same as a domain, e.g. www.lse.co.uk is just a lookup for it's IP 217.158.94.230

So you wouldn't be able to access any of helen's coins. Only have an easy to remember address to send to.

I think the key thing on this is that .eth has been using this since May 2017 and already generated $28m... which is very impressive. Luxe will have much better infrastructure and is an official domain as well as allowing less than 7 character names.

So the big question is, what share of the Etherium domain market will Luxe take? and will it get implemented with other coins in the future?

Sounds interesting. Etherium is one of the big name crypto currencies which should get good coverage.
To hear that the same thing in an unofficial capacity has brought in $28m shows there's some great scope for profits!

Let's hope the link with the buzz words gives us a rise too

Thanks Ryken That's the right one. You could be right that they would replace the potential government authority with a blockchain and see how that goes.

Being honest, I'm never too impressed with how people are attempting to use it (Although this idea definitely makes a lot more sense than many of the others), but it's a buzz word that gets investors excited and lots of new excited investors is exactly what we need!

I'm pleased that we've released more good news today with more to come soon.

I wondered whether it would be the domains as a currency that we applied for the patent before. However, I couldn't remember whether it was under an ex-directors name or part of the company.

When ICM joined I researched their directors and Stuart Lawley's has had plans to have a payment system similar to PayPal for xxx sites, although it's a pretty old news story. Maybe it's that or a combination of the two.

https://www.bloomberg.com/news/articles/2010-07-01/the-man-who-would-be-the-dot-xxx-king

Good to see the news come straight in!

It will be interesting to see what innovation they have come up with. There have been a few ideas related to the different owners, e.g. domains as a currency, blockchain. Let's wait and see.

Thanks for all of this information - it was interesting to read.

I think most on this board have been here for a long time and the share has always struggled to gain much interest. The company got to profits and looked to be selling up, which would have been a good outcome for most and so it was pretty disappointing for the "journey" to continue further.

The move does make sense - both profits added together and I'm sure some extra cost cutting will take place when contracts expire. The spread of the income across the year and the globe can only be beneficial and can hopefully achieve a much higher share price.

The difficulty now is that the share is on the AIM market, where many traders just look for an exciting few weeks or months, buy in and then exit for the next exciting share. At the moment, I can see us announcing the odd release of a new gTLD, but fading away to nearly 1 RNS every 6 months. That isn't exciting and the profit levels also aren't that exciting yet.

It's going to be difficult to change the sentiment without a change in reporting news. I'd like to see quarterly updates so that we're never far from the next announcement and, presuming they would be positive, it should help to see a change in the share price. I'm sure the dividends will help too, but I imagine they're not exactly around the corner.

Whilst Toby & co have done a very good job in turning it around and heavily reducing the crazy costs that we had, I don't think anything has changed in terms of awareness of the share/interaction with the market. Hopefully the ICM guys can come in and help with that and also help to boost the sales of existing gTLDs.

Welcome to the board.