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Barloprime its over son. You gave it your best shot and at times had the board stalwarts on the " back foot" .....credit where it's due, but don't be like the ' Punch drunk boxer' that has one more fight, that causes him to finally lose most of his faculties. Depart while your behind.
Barloprim, your like the guy that followed General Custer instead of listening to the scouts words of wisdom or the manifesting of a last death cry as the garlic and daylight gradually seals your fate as the once animated persona shrivels and crumbles into a dishevelled heap. Give it up mate, the boys have ' busted your identity'. Will the real Gary Builivant please stand up or should that be slim shady?. I must admit I was impressed with your relentless salvos and Chinese tourture type ...drip ..drip spitting of doubt and controversy aimed specifically at the non technical members. Your hatchet job was almost successful as posters started wilt not having the relevant information to counter with, but once better researched boys arrived you was in and then out " quicker than a looter in a riot". Gone in 60 seconds...very convenient :-). Rambling about departing CEO's and an overindulgence of directors will no longer create apprehension and the delayed accounts are literally ready to roll as explained during the AGM. If you was in school I'd be writing " must try harder". Give a man a yellow jacket and the power goes to his head. You along with many Action group members did a tremendous job amidst adversity and should be commended, however the late surge to join the board of directors with ones skilfully leaked but ill conceived initiative has only served to take the shine off things and that's a massive shame. I'm still not sure where Ben Turney and the majority of the Action Group actually stands with this doomed ladened attempt by you to rock the boat, but I hope your attempt to claim the Action Groups partisan support is exposed ( as bogus) well before the actual voting period. As for today's effort ......... " About as effective as an ashtray on a motorbike".
Yoshie I go at admit that I didn't connect possibility that one or both of those trolls characters was DS but come to think of it it makes perfect sense. I think your guys are spot on. A silly attempt to jolt the confidence of investors in an effort to collect votes. I think his ploy will fall flat as investors vote unanimusely to go with the Adam Reynolds model and reject new board holders. I'd like to think anyone reading the board will '. Kick proposals to elect an addditional board member " to the long grass". I know something of buying early stage or niche technology and watching the product gain substantially in traction. I bought very early stage video conferencing, micro chip technology, and Chinse marginalised browser tecnology, scoffed at by many at the time, but Motion Media, Arm holdings, Baidu turned from ducklings to swan investments for me. It's important investors look at the technology and try to envisage, not where it is now but where it's going to be.
The BigSofa company know exactly where the want to be if they have managed to retain, as I expect they have, the video anyaltical diagnostic contracts for companies such as Exxon, BA Airports, Barclays, BP, and the U.K. government this can only help to drive their own marketing capaign in Europe and America. Who are the global players in this market : Avigilon ( Vancouver) Axis Communication ( Sweden) Honeywell international ( New Jersey) IBM corporation ( New York). Does this mean that the BigSofa will be overwhelmed by the big buck rivals, not at all becuase, their software unique characteristics which have been recognised as market leading focuses on the algorhyme data probabilities just like the companies listed, but it's ' Fusion of digit all proframming, users experience, market research, management consultancy quote: SL (CEO) in a human "fused together in a human technology position" always putting the emphasis on human interaction". This product design will create a lot of new interest in America. The software strength is its adaptability and practice use acrosss many asset classes including. There is no doubt in my mind that if the RTO goes through the BigSofa are gearing to realise huge opportunities in areas like: Cloud Service Providers (CSPs) Government agencies System integrators/migration service providers Support and maintenance service providers Internet Service Providers (ISPs) Video Analytics software vendors Video Surveillance System Providers Internet Service Providers (ISPs) Cloud Service Providers (CSPs) Managed Service Providers (MSPs) System Integrators Networking companies
The BigSofa by steering away from the ' rich pickings' associated to streaming for development of a rather niche ' behaviour type' scene, have actually created an almost endless list of potential buyers of their product as more and more companies look " best fit video connectivity and interaction. Having discussed the BigSofa progress with those more technically gifted than me, the consensus is that if they captivate the American technology community with their softwares ability to evaluate trends, descrencies etc, like an advance high tech market research resource capable of increasing efficiency even medical data interpretation, it will become unlikely to avoid a major bid. The management board have qualification in such things as Consumer Inteligence Intergenerational intelgence Phycological Sociology They are potentially providing companies with accurate data gleaned from actual human behavioural charisteritics. The data can be crunched and results help to enhance each company by use of video. A reminder of some of the innovation companies bought up for their unique cutting edge technology. Google buy : Drop cam 555m. Video monitoring specialists. ITA Software 770m. Travel reservations software Postri 625m E-mail web-site security Apple buy: Semitic 50m. Music Analytics Xemplar Undisclosed. Education Software The BigSofa has software with the potential to enhance businesses and become a very valuable player in the technology industry. If this opportunity is not utilised it will be a great opportunity missed. We should let AR get on and continue working on the best outcome for shareholders.
Some excellent posts here tonight and a notable absence of the army of ' streaming banshees' intent on creating havoc and indecision among voters. Remember the BigSofa name sometimes grumbled about by worried investors is totally inconsequentle in the bigger scheme, as I'm sure Apple, Go daddy and Virgins success proves that point. The American adventure is an absolutely brilliant strategic business move at this early stage because those left in any doubt of the BigSofas intentions should be buoyed by the move. Almost the entire team are not just business people hurried together to form a tech company but highly accomplished technology academics with the diversity of skill sets to enable the BigSofa company to not only explore video human interaction characteristics but just as importantly, retain the technical expertise to provide ( bespoke ) video anyaltical services to clients. Let me explain with an example the potentential,of this company. Education Services: Schools, universities, colleges currently access streaming, video on demand and other services from mainstream suppliers. The BigSofa can supply similar services but unlike mainstream suppliers, using their unique software, can utilise the specific marketing cohort trends of each service user and produce high connectivity video packages that best suit the client. The potential of what they have and hope to develop further is tremendous. Remember, Barlo sewed seeds of doubt in non tech investors by saying " there literally just another high risk technology firm, with nothing new"?. Far from it, Simon has repeatedly said that at present only three other global competitors do what they do but with support they are confident of becoming market leaders. The Americans in particular love ' cutting edge technology' and are prepared to pay big for niche technology products that has the ability to create an advantage. The video analytics/ diognostics is exploding into next generation phase and you have already seen how the similarly exciting robotics world have grasp the video attributes to best showcase cyber relevance in the consumer markets. Robotic drone, smart apps, virtual tech, 3D, Gamification, Aiviation, driver safety, telematics utilization and so much more, all could be enriched by a companies ability to " examin, track, analys and evaluate human and mechanical characteristics and then producing an organisation blue print, for say better driving efficicant or improved educational attainment or better understanding of sports injury and recovery synopsise. I can't enthusise enough how exciting the BigSofa business product is and the huge potential it carries. The application of video is now embedded in almost every walk of life, including sports, retail, driving safety, music, mobile tech, aerospace, house building, architecture, national health services, military ...I hope you get the picture.
Thank you for your kind comments. One more thing to add. The Action Group actively headhunter Adam Reynolds to turn things round based no doubt on his achievements to date. Ok technology compared to oil exploration might seem like night and day to many and talk of ' things possibly not stacking up' ar this stage really don't make senses. I will be intrigued excately what kinds of concerns are raised prior to voting. At the moment it seems like a lot of posturing, Shit stirring and chest pumping and Reynolds seemed confident but a little perplexed about the level administrational mess left behind. If the RTO goes through and terms are agreeable, the Big Sofa will have cash to drive their business plan forward. Remember, their bold ambition are to become the ' top company in their field' with a minimum turn over of 100m. They believe this can be achieved rapidly, have already appointed a team of impressively gifted and experience senior / corporate staff, in particularly to ( drive their American targets). Not thevactions of a company who don't know where ' arse from their elbow'. My fear is, if things get acrimonious Reynolds might decide to walk, that will leave NEW with plenty of cash......no deal and remaining director/s with no buiseness blue print. A potentially receipe for disaster.
What has become clear during recent events is that a lot of people are still struggling to conceptualise exactly what it is that the BigSofa do, how they are going to create huge profits and is pumping money into a concept technology company the way to go?. Slipershare , Barlow and their band of labeulbeniomycetes used the seemingly complexities of the product design to reek havoc on these boards with probably no more than 10% data that could be interpreted as accurate, however, it's difficult to argue about what you 'don't quite understand' so their bating and arrogance clearly shook up posters and created apprehension. One poster I saw recently saying that he attended the EGM with Barlow comments 'ringing in his ears' ...really!!!. I thought it was ironic that as soon as some of the more technically posters arrived on the board their convoluted and daily revelation type rhetoric changed from supposed quintessential inside perspective knowledge of this forthcoming disater to nothing more than insults and sarcasim. They both can easily be discredited and supposed revelations like ' Reynolds fathers business interests and possible conflicts of interests inference, was no coupe really as the data is transparent and easily available to conclude on using basic investigative searches. Wild dogs prodminatly only attack the lame lions, and unfortunately it's easy to bambozzel the uniformed. I have personally seen over the years my humble early investments, prodominsteky in technology stocks produce ' life changing amounts' and afforded me things I might have had to work many years to achieve. Not all plain sailing but having personally grilled Reynolds on other stocks admitidely and drawn some understanding IMO of the mans motives, my vote is with the incumbent. The Action group are a fantastic example of how unity and solar Dari the can defeat evil, but I'm not convinced electing another person to the board ( in order to supposedly keep an eye on current directors) is either wise and not boarderingbon the disingenerous. The guys were elected with all the pomp and pageant only now at the eleventh our for suspicion, apprehension and doubt to overshadow what should be the closing pages of the original horror story come adventure. I'm not a tech person but I remain a keen tech investor and learner. Most of the tech people that I know however are bemused by the recent (almost infighting) and mentioned Reynolds past record as giving voters a key to his raison d etre. I R.E.M. era asking him once " what's in it for you". He replied quiet simply and said, " your only as good as your last success. "If I mess up I in effect cut my own threat as this game is all about reputation". The better I do the more attractive my pay days become". Bang on thhemoney asnswer for me anyway. Individuals will make their own mind up after receiving GB summary reasons for wanting to join the board. Think carefully.
It's amazing how the recent events have unfolded to make what first appeared to be an albatross like re-emergence from the soiled ashes of the previously rabid administration after sterling work by the Action Group, members Ben Turney, Gary Bullivant and many others it should be said, with the promise of an exciting new technology play RTO. Firstly, my apologies for initially associating GB with the past administration because that clearly wasn't the case. What is unfolding now I find quiet astounding an ill timed but perhaps power, influence, animation or concern from the cynical or the astute, according to which side of the fence you sit, could predict ' delegation discord as the stakes and implications are perhaps over conceptualised and suspicion default charteristics re-activated having been on overdrive during the last year. Let's not get it twisted with an semblance of a romantic vision that without an RTO multiple plan (b's) were just waiting in the wings, they weren't and the share regardless of cash position would likely imploded with the few die-hardship grumbling about the company not hanging onto to its oil exploration status. The company was a 'busted flush' and heading for !ground toilet zero!. Let's not forget many claimed to have gambled near everything ( on this seemingly (once in a lifetime certainty) only to become victims of administrative and BOD collusion which crossed the stock against high expectation and caused many to sell out in a bid to salvage remnants leading to ruine. The tireless work of the group reignited hope where many had written off fortunes here. The Action group, quiet miraculously secured the services of the much respected and lorded Adam Reynolds ( business fixer) and I fir one was absolutely delighted. Reynolds is much sort after and turns down sack fills of requests from desperate CEO's to save their businesses so our coupe was ' spot on'. I'm sure Ben Turney and co would have used a similar type of guile and due diligence that saw the Action Group succeed against adversity when chosing Reynolds team, so I'm slightly confused as to why the aledged apprehension now?. Ben and others are perfectly entitled to have concerns if they feel the best interest of investors could be compromised but I would be mindful and avoid falling into the ' group think trap' in which ones own rational appreciation of the known facts ( not conjecture or Chinese whispers) become compromised for a dosile ' follow the leader' knee jerk vote reaction. Do I believe Ben Turney or others have any grave concerns as the likes of Silvershare and that silly Barlo character have skilfully interested ...I very much doubt it, but like a parliamentary election, the paid ' dirt slingers' always do their best to influence the weak or technically uninformed who are naturally seen as easy prey.
Let's cut to the chase. It would be very unwise to vote for a guy associated to the past rotten regime.
I have spoken to Adam Reynolds in the past on other projects and had the opportunity during several of his investment group feedback sessions to grill him on procedure and ethics around his principle role when agreeing to attempt to turn round failing companies, his commitment to shareholders, his raison- de'etre. He never ducked a question and as someone who can be quiet critical and who doesn't sit on the fence, I must say I was impressed with the fella. 1-You'll find that he will put his money where his mouth is along with investors 2-Will not look for favourable executive terms during the placing period 3- Wont set ridiculously greedy valuation targets 4-Will be as transparent as is legally allowed without helping competitors 5- Leave the job to someone else if the shareholders or the company has been rejuvenated, but make himself available to support or advise. Wait until the placing details are out or ask the for confirmation of the summaries posed for confirmation but I think you'll find that they will prove to be near accurate. If you still think these are the sentiments of a dodgy board member then I suggest you cash out on placing completion. I've found him to be true to his principles and only time will tell if proved correct here.
Never thought I'd find myself agreeing with GrumpeyScouser but he's !!!Bang on the money!!! with his appraisal.
Unfortunately at this the crucial stages all kinds of shenanigans start happening. We've seen on here one poster with clearly a bit of background knowledge either gained by a rival enterprise or having been kicked off the train, literally had seasoned members here on the back foot. Very few prepared to challenge his carefully fabricated nonsense. Even posters here now are looking at some of the achievements of the Action Group and Ben Turney as somehow 'ultra self serving' and subliminal suggestions of skulduggery beggars belief. Its like your 'dammed if you do and your dammed if you don't'. It really makes me wonder where some investors head is at. The new board are being challenged prior to anyone seeing their blue print and talk of alternatives or Trojan horse like members " to kind of watch what the new board members might be doing" is stunningly macabre IMO, but hey ho. Others talk about the venture unlikely to succeed or 50/50 without really trying to unpick the business concept. Very strange reactions while waiting for the RTO details to break.
Well the so called ' Ben Turney mates' isn't such a bad thing. Remember under the old regime the share was heading for ' ground zero' and bust. Due to the efforts of Turney and the 'Action Group' we are possibly on the brink becoming active investors in a cutting edge company on the cusp of entry into a multi-billion pound video diogonostic innovations industry that is about to really explode. Don't mind those kind of mates.
The supposed extravagance director jolly to America claim, once again now looks stupid as TheBigSofa announced a concerted strategic business plan to establish the concept in America. Claims that Ben Turney and the Action Group had somehow buckled or sold out to secret deals etc. Is proposperous. Adam Reynolds has gained shareholder support and confidence with past placing administrations by firstly, investing his own cash and not opting for preferential terms to grass routes investors, as a show of solidarity. He talks passionately about not " being too greedy and setting unrealistic valuations from the outset". The delayed news is likelihood to be due to his forensic matriculation to detail and commitment to drive the best deal for investors. The BigSofa setting up offices in America with their niche concept and the prospect with substantial NEW works cash would not have been lost with Reynolds. Looking forward with great anticipation here.
Let's deal with some more of the stuff spilled out by those with hidden agendas. Nobody's herd of BigSofa in the industry: Everline Future 50 Event, which selects the most innovative and dynamics companies in the disruptive technology industry. The BigSofa is a proud winner of the 'Best software category' in addition to winning 2013 The Best innovations Award at the prestigious 'Evidence Matters' industry finals. Yahoo and EBay are on record having acknowledged the ' outstanding technical software quality' . The BigSofa have one of the highest profile client list in the video analytical/ diagnostic industry in this country, including client like Exxon and the U.K. government. I'll leave you to work out if there a random unknown blow up company as recently suggested. Adam Reynolds father involved: There has been absolutely no attempt to disguise Reynolds father business association despite lame efforts from a few posters to suggest otherwise. As shareholders our objective is to affiliate with an up and coming that will grow value. There seems no impropriety here so the matter doesn't represent any conflict of interest. The BigSofa Loss Making: The company have made strenuous efforts to raise funds and I have been very impressed with their diverse efforts, including involving the pulbic and stake holders. I would actually be surprised if they didn't have minimal debt at this point. Reynolds would have seen the possibility to invest in an innovative and cutting edge company with an opportunity to achieve impressive shareholder value. With NEW cash they can drive the business to the next level and the recent high Calibre appointments clearly sets out their intentions. I expect the BigSofa placing to be heavily over subscribed.
UI know a lot has happened since those dark days when the original BOD over sold stock and it seemed almost inevitable that a buy back would have to cause the stock price to fly as the share squeeze created a huge hike in price, in real terms, ordinary investors benefitting from the BOD's costly cock up. I remember people talking about rushing to in-put children's inheritance and others talk about chucking in business reserves and life savings because surely the circumstances would propel the shares literally overnight to 6/7 maybe 20 times actual value and more. Overnight, once the BOD debacle broke, New World shares went from midly interesting to ' hottest share on the leader board'. In all my 25 years of investing, never had I seen such enthusiasm to ' ironically benefit from a mistake' and not only beat the system that is loaded against Joe invested but the opportunity to thrash the dodgy Market Makers and obliterate the shooters added a kind of ' poetic licence'. Many claimed ' it was a chance in a lifetime to see your money manifest into ' life changing golden nuggets'. Many an experience investing expert came to the conclusion after checking all pros and cons and obscure probabilities that the share price JUST had to blow ' if the market makers' played fair and the BOD suffered the indignity of their unprofessionalism and lethargic attitude. Well we all know what followed was an " absolute investor cave up" as the MM colluded with the BOD to screw the investors. Make no doubt about it, as the dark forces conspired to crash the share price, many reported at the time that they had lost everything, some even mentioned taking the 'ultimately gloomy way out'. The AIM powers orchestrated by the MM and clearly set up to save the lame BOD's skin, conspired to ' fleece thousands of investors who had invested heavily on a ' chance in a lifetime opportunity'. God only knows why people were not arrested and charges brought for deception and much more ......we will never know. The FCA were requested to investigate from distraught investors but their pleas fell on 'deaf ears'. Despite loud cries of corruption and foul play, limp fisted authorities chose to do nothing, leaving a grossly incompitant BOD to ' spare their blushes' while many lost everything, including stories of destroying families in the bargain and fianancial devestation. Ok, you might say, why bring this up now when the establishment of the alternative pressure group and new BOD ambitions have restored some hope going forward. The point I make is although I'm glad that it looks like from the poisonous ashes an albertrose of change is on the horizon, I occasionally think of those who invested ' everything here' with motives to change their families lives perhaps for ever, but are probably unable feel so upbeat. I hope some of those investors have been able to recover and have the opportunity to recoup funds in this often brutal market.
The BigSofa are spending our money. Are you serious?. Every high technology company worth their salt recognises that marketing and product innovation costs are the main cash pulls in their pursuit to establish a foothold and grow market awareness. If they had been given wads of cash and just sat on it I'd be much more worried. It seems clear that the highly technical and some may say complex nature of the product has hoodwinked many but in reality allowed the technically savvy but vindictive commentators to cause havoc. It's an age old trick used by idiots to create fear and generate apprehension. When I bought into Motion Media 20 years or so ago on Ofex, I was called a fruitcake. Who was interested in early stage video conferencing or image transfer to phones and band width development. Someone even said it " was space age stuff". The then Orange showed an interest, the shares went for pence to £29 each but the dot.com crash kicked in not before my £5k investment returned over 130k. Those early small company scientists who eventually got headhunter by the big companies can rightly claim to be the precursor brains behind the much taken for granted picture transfer, mega speed band width and mobile tech development. Arm holdings were too futuristic and couldn't survive against the big boys with their chip designs. Needless to say, another innovative company allowed me to make substantial returns as they came into their own. The BigSofa are technology innovators that is why their client list including, Barclays, Volkswagen, British Airways, often, Mars Group, U.K. Government, Tesco, Directline to name a few. They have strategically moved into the American market where their consultatency and customer characteristic specialism will be greatly received. They have just appointed three senior staff to bolster their marketing, strategic planning and technology capabilities at some expense no doubt, but to me that demonstrates their aggressive and positive intent ' to take care of business'. As someone who has made good money on tech stocks I was really impressed with the speed and calibre of appointment. Are they spending development cash at a rapid pace .....yes, but with the injection from cash rich NEW and the interjection for Reynolds and co , I am waiting to inject additional money into any placing scenario.
I have to admit I've been gobsmacked by some of the unsubstantiated nonsense levelled at AR and NL based on the muttering of one poster in particular who appears to have a big axe to grined. Let's not forget, with the previous rotten board in place not only did they coulude with the market markets to avoid taking a hit for their original cock up but ensured many loyal shareholders were totally shafted. Wake up!!! if it wasn't for the work Turney and the action group the shares were heading for zero valuation. Why on earth a few old duffers were groaning about retaining an interest in oil exploration ' god only knows'. The Adam Reynolds that some seem to be weary about has built a solid reputation as a 'business fixer' if you like and is regularly overwhelmed with requests from businesses ( like NEW) in trouble and heading for the obis. He's stated many times that he identifies only one or two companies with potential per year to with with, so the fact that NEW are one of them is a massive plus not a minus. Sure I've benefitted from other Reynolds rescue companies and see the value of his teams intervention. The video anyalitics and diagnostics markets is set to become one of the largest technology plays with the multi-billion development tag rivalling tech plays like robotics and cloud connectivity. If posters brush aside the sardonic smoke blown in your eyes by agenda driven posters and actually do your own research you will see that the BigSofa has had a metirtic rise in a very competitive industry and their niche ideology contarary to limiting their prospects have actually enhanced them. At the moment video data streaming is the lucrative 'duel in the crown' for companies like Sky, Micro-soft, Apple, Facebook, Amazon, Google and in fact all of the major players who rely on rapid video data transfer and connectivity to mobile and big screen arenas. The BigSofa has a rennowed team of technical academics and logistic experts in the video field and their innovative ideology around consumer characteristics has already received recognition. The CEO and marketing director have stated that ' globally they see only three competitors in their field' and have clear ambitions to become " the best video activation management and analytics company in the world" achieving a minimum turn overvof 100m. The BigSofa by not trying to fight with the big boys over the streaming video growth but having the technical ability to provide streaming but more essentially bespoke video requirements for client groups based on client / service charitertics, they not only will prove a more flexible fit to organisation like, education authorities, retail, gaming, virtual reality, e-learning, businesses consumer anaylitics, cloud innovations, in fact near limitless video intelegence. The BigSofa are putting the " why, how, when, and best fit, diognostics into the rapidly growing video arena.
mainlandboy, RT and QPE have all but sold out here after their failed attempt buyout the company.