Member Info for OPENSPACES

Posted 9 Nov by Monkey Wizard, Apologies would be nice
Also both Maxwell and Ioxus bringing in extra lawyers doesn't look good. Cooley LLP (Ioxus) have vast experience of defending patent cases and rarely lose. They have successfully defended the likes of Facebook. It looks to me these cases are going to be very drawn out now

I am sure I read it on this board somewhere 3.14

Good point but did I not read somewhere that Maxwell had just employed the top people in the world to contest this principle. Could be messy drawn out and expensive . Are we geared up for such a fight? Just saying

Kenny . Thanks unfortunately I did not see it as its been deleted but its par for the course with some people . All water of a ducks back

JH please something nice about me even it is I am a lucky sad old man. My AFC have gone up from 5p to 25p in a week . Happy days

In a previous discussion I did establish in FY17 that royalties income was $0.7 million which came in equal measure from AVX and Murata so if interested you can work forward from that

Thank you for your thoughtful comments as at least you don't ever resort to personal insults. I do however have one advantage over you in that we have listened to the promises /fine words for many years now and they have as yet not delivered . So I am sceptical always as about what is claimed . Having said that I have a considerable investment here and I like you hope for success, it is just that I am less convinced than you as to whether it will happen . As regards other people's decisions they are not my concern . I just call it as I see it

My apologies royalties have for many years equated to about 18% of total revenue but this increased in FY 19 because other revenue fell dramatically, This doesn't mean that that royalties have gone up at any dramatic rate but that like for like other sales have fallen . What I don't understand is the constant comments that royalty revenues will drive us to profit. I believe that it is other product sales which should be the priority and will make the real difference. . I have no intention of persuading anyone to buy or not to buy but if the last couple of weeks is anything to go by then I have saved them some money. Equally if they bought based on ramping advice then they have lost money. I don't incidentally believe any significant investor makes judgements based on this board

Sorry about that Iwgrod . Unfortunately you don't accept that not everyone has to accept your viewpoint . Meanwhile the SP is down at 3.5p. I suppose that my fault !!

So currently royalties represent on sixth of revenue and other sales/revenue circa 84%. It therefore makes sense to concentrate on growing the 84%. Of course the costs of growing the 16% are less pro rata but it still a minor revenue stream and will remain so for years to come. Still lets hope the FY20 royalties revenue explodes.

People you clearly have a much greater and in depth knowledge of this industry than I do and I recognise that. I don't try and speculate how wonderful x and y products are. I look at the basics including the route to profit. To date AK has promised much but has by and large failed to deliver on those promises i.e. all the hype has not turned into sales/revenue. I believe CPX has to demonstrate more recurring revenue. Items like the AVX fees at the time simply disguised the underlying profitability of the company. Now whether that was a conscious decision at the time who knows but the facts are at the moment we are where we are with the gap between total revenue and total costs is not closing at a rate of knots

The initial AVX fee was £1m sterling. Then there was a second one paid early (not sure the amount). Then there was a third of £750k I think , Still matters not . When they were included they simply reduced the loss

Where do I say we would be better off not receiving such fees. I don't and you know it. I am simply saying that recurring revenue is needed moreso. If you are looking at comparison eg royalty revenue then one offs are not recurring and will not lead to true like with like comaprisons

People All the AVX info and much of what you post is known to LTHs on this board and has been discussed at length before. What you have not speculated on is why AVX paid three separate "up front" instalments (totalling over £2m) while none of the other licensees have. The point I am making is that such one off payments (which were made in years in which we never came near a profit) so much so that when they when they drop out it makes getting to a profit that much harder. Its not rocket science . Having said that royalties are only a relatively minor revenue stream at the moment so while any increase is welcome it will not truly affect the profit situation

Royalties revenue decreased from $2.2m in FY18 to $1.0m in FY19. This probably reflects the one off payment fees made by AVX. All licensees are then said to be in line with others but they are not as no one else paid up front fees. I suspect that AVX pay a lesser ongoing percentage but who knows. Its all commercial in confidence and all we can go on is the total . One off fees dropping out was always going to have a big effect on the bottom line. They were a bonus which disguised the profit situation

That is stating the obvious People the issue will be how much is that worth to us in terms of overall revenue. As a layman I don't understand why AVX paid huge one off fees yet other licences haven't or at least we haven't been told about it if they did. Does this mean that AVX will being paying a lesser ongoing percentage ? All that investors can measure is the percentage royalties represent of the total revenue and so far it has not leaped?

Look my opinion is quite simply AK and the Board have decided what their strategy is and the "Aussie's aint for turning". To me the SP is evidence that the market has no confidence in what they are doing . However, there are those on here who think the AGM is the place to confront AK (I don't I have ever said it would be demeaning for me) so I am suggesting that far better to have one voice than a herd. But you do what you want . It wont make any difference. Only real sales will

Fine thanks. I think now though we should all bury the hatchet and elect one person to ask stretching questions of AK/the Board at the AGM. I nominate People. If he agrees he can collate responses and agree final details

Why are you constantly so negative JH? . Have you seen the light and smelt the coffee?

Try P4 of March 18 interims same figure. My apologies my link was for the 2017 PDF BTW just stating my point of view not banging on. Don't like what I say fair enough but don't try and demean my by saying that I need to address AK and the AGM. I simply comment as I see it and in this case trying to establish that profit was forecast for FY 19 as requested by your good self