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i think the £50k is more his own money than ML

so if it was going you wouldnt need to buy just let it fold. hence on balance i take it as a positive but i get you point. i would like a few more of BOd buy.

£50k is a decent chunk for most people

it is a no lose for Raza and ML

goes into admin get it on the cheap write off £2m as nice tax loss

does well goes to £1 plus make a load of cash

no lose and first in line to take over.

mircolise want it know doubt about it in my mind.

Raza is a smart guy and knows the industry here is the opportunity to become an end state player. i bet it still bugs JW that they had to take the £2m.

JW was very clearly when they announced the £2m funded any working together was at least a couple of years away, ie when i am ready to walk out the door.

plus looking at the annual report look at rev by region and the fact they have signed an agreement is scandi.... another good opp.

what is the yr on yr movement in trade rec
and trade pay ???

i think more widely we need to consider the wider context.

you can look have four years revenue and cost and it looks like the business is generally on a path back to growth.

then consider we have are going through the worst crisis since the second world war, yet despite this the business is not going bust from the information provided and is actually growing on a profitable basis.

the i think board costs came in at £1.7m so lets assume they can make £2 to 3m this year. If i am Raza there is £1.7m of cost to come straight out.
probably then find another 2m cost opp from a merger.

easily becomes a £5m to £10m earnings opp when you look forward to 21/22. time flies

price hilding nicely about the 20's and remember overall cash will be heading back to equities at some point.

thanks knowbod
i will probably just leave lol
but the product in terms of the app does look good.

my wife told me i am obessed this morning

i pretty much knew yesterday it wasnt trakm8 from postal tracking but confirmed

gutted like holding the winning hand and getting turned over on the river.

any problems i will be straight onto them but cheap insurance and i really want to know about that batt life patent.

oh well haircut today thank god

well got my tracker and it is from redtail

so will assume trakm8 are no suppling anymore and no mention recently from trakm8

a potentially material customer gone ????

matt and maddie ?????

very interesting.

i also noticed the time taken to get the patent was about 4 years or so with 20 to 30 years to run. that is not a flash in the pan activity.

the million dollar question is can they make it pay who knows not me .....

my tracker on the way

yes guy i know has a new disco
intelligent cruise control
auto braking etc
that is before you get to tesla autopilot
i am certainly not saying it is worth xxx m but is worth anything??? i think the cowley bro are best placed to know that .......anyone met them???

https://www.proactiveinvestors.co.uk/companies/amp/news/923563

this why i think longer term the patents might have more value than is currently priced in.

the tailgate patent is very interesting as it uses data rather than cameras and radar , i think.
but the direction of travel from US and EU law makers is pretty clear

has been pretty stable considering.

has anyone seen any press coverage on the trakm8 results in ic or ahares mag. i dont if positive or negative just wonder if any coverage.

bit of volume this morning.
think things will be pretty dull for the next few month on a corp next level.
but every week counts as a week longer this company is surviving and Q2 ticks away. Soon we will be out of H1 and you can really start to firm up the outlook for 21/22.

Aa updates will be very interesting for me.
Patents - have a feeling there is more to this than meets the eye. i had a good read of the tailgating one and sure there is value within it for fleets and especially HGV industry.
bymiles - should get my tracker this week.

so nothing happening but plenty to think over.

https://patents.google.com/patent/GB2537612B/en?q=G01R31%2f007&assignee=trakm8

i do think the statement on patents has been overlooked and the potential value is a very interesting development. from what i can see 0.5% rate seems to be a pretty standard licensing fee. so a £100 product attracts a 50p payment and the same would apply for any monthly service fee.

if you look at the redtail products they provide a battery health system. wonder how that works????

i do know a patent lawyer so will drop them a line to see ow things generally work.

plus signed up for bymiles today, i have to trigger the black box in advance of the policy which starts at the end of the month so should arrive next week.

i will confirm the product when it arrives.

i only had 1 beer carlsberg friday night but have a few whiskeys last night playing poker.

see you all next week could get exciting.

last thing on the supermarket contract anyone who states it will not create value is not credible. i know the industry and know how the contracts work. plus once enbedded large org will not want to change so really a good chance of 5year plus contract.

look at kfc when they moved bloody nightmere.

30mins to go

25.0p

24.6p

haircut tomorrow will be there at 6am

one issue that is bothering me is this redtail / bymiles / ingenie and who supplies what

her indoors is going to bymiles in july so when i get the box i can update

bit of a dip but looking like pushing on go on break 23p

any chartist out there?? resistance levels and all that ???