Member Info for phil01

Gunner, Your explanation seems to be bang in the money, which is what can be deduced by the RNS >>>>a parting of ways due to irreconcilable differences. If it has been due to financial malpractice then the company will have been obliged to announce that to the market. The fact that the FFO left means that he is the junior in the quarrel. Usually when there is corporate differences you always find that the junior will be the one t go unless the junior has the support of the board. Still a loss as the CFO had a wealth of experience which could have been useful to BOOM, but it is better to have all the top executives pulling in one direction that against each other so maybe inevitable parting of ways if they have different visions.

drum, Not sure of what type of company you work for, although people leave the company for a variety of reason they rarely leave with immediate effect. Definitely not at that level of employment... leave with immediate effect and then you can start scrambling for a replacement. Normal thing I would have expected would be: (a) Mr XX the CFO/CEO will be stepping down from his position on 23rd Aug ( or whatever date), and the management are now in the process of finding a replacement. (b) Use the classic euphemism to cover the cracks like: (i) .. XX leaving the company to focus on his other business interests ... (ii) ... XX leaving the company for health/family reasons This is and unhappy divorce. Everyone knows it, the market knows it as shown by the price reaction. Only you probably thinks that this is a normal way for a top executive to leave a company. Having said that this does not necessary mean that the company is going to the wall... what it is however is a clear sign that all is not well in the background. The company may well be better off with this employee gone, but in the absence of any supporting information the market has read this as a bad sign. Based on this statement from your post ..."how many people did you ask for their opinion before posting ? " you may be in possession of this additional back ground information and it may help allays others concerns if you can share.

Anyone currently following this company/ What is the views? I know it has had a troubled past as NOP, infect I was a shareholder at NOP but managed to get out well before it hit its peak and then crashed again. Made a small profit on that adventure. New CEO, new strategy ...does he deserve a chance of a clean slate of is the management not good enough to deliver on any plan irrespective of how good the idea may be? Genuine views that is not coloured by the past history , unless the underlying problem is still in existence, would be appreciated.

hooterr, That is probably the best summary of the company. So much potential, but everything hangs on how well this management can execute their strategy. Keep current customers onboard by resolving current issues with reliability and apps then move up a notch with new sales and market penetration. Happy customers are the best free advertising and marketing that you can get.

A couple of question for you in case you have the answer close at hand: Is Megaman now the manufacturer of Lightwaverf products or just distributor? The quote below is taken from an article from someone at Megaman. ".....If you are not already familiar with the product range then you soon will be because Megaman has recently become the manufacturer for LightwaveRF and we firmly believe that this will bring the smart home within easy reach of everyone....." http://www.ewnews.co.uk/?p=6231 2. Do you know if any of the current distributors has transferred to Megaman as there seems to be a dire shortage of stock within the distribution channel pipeline.

Might actually get into profit by April next year. Not too worried though as this is a long term investment for me. So long as the management don't do anything silly then I am confident that it will get there. Currently the products are not selling in great quatities but that is due to supply issues, with Megaman I hope this will change as they can afford to tie down millions in inventory cost. That would remove the stop start nature that we have had, where retaillers has to wait months to get replenishment of their stock when they sell out. This delay in restocking also affected JSJS as they needed to pay before getting new stock from suppliers ... tweets like below probably explains it better, someone ordering a product from JSJS since Aug 10th and still not got the products ordered: Ben M ‏@Beenst 15 Nov @LightwaveRF On 10th August I ordered a switch from your official retail store. Order: LWSO-BE3L43CD. Still waiting. Care to help resolve?Reply Retweet Retweeted Delete Favourite Favourited More Embed Tweet Details Expand Collapse LightwaveRF ‏@LightwaveRF 15 Nov @Beenst We apologise for the delay with this item, we expect the container holding this product will be with us as soon as possible.Reply Retweet Retweeted Delete With Megaman and their financial muscle these type of delay will be a thing of the past and I expect a more aggressive uptake of the products, JSJS will also now have the funds to polish off the Apps. With fair wind, this share depending on how many you have may be life changing investment. The technology area is the next buzz word, if JSJS starts to make profits and invests the money into further product development, expansion into other regions in the world .... well if most things go our way then we may be looking at the next major player within this space. WARNING: No investment advice intended or implied. I have a significant holding in the company. Going back to sleep now. See those that are still here when it gets to 1.5p

Yes, I believe they would be attractive to a bigger player. [Actually I did suggest to the CEO, after the last placing, that maybe it is time for them to sell out to a bigger player that has the funds to take the company forward. I do not think he was pleased nor welcomed my suggestion....there is a clear need for the products .. so I imagine that they felt they could progress the company on their own steam]. DISCLAIMER: I have a very large holding in the company. No advice intended or implied.

Wish people a bit of research before making sweeping statements in the BB. ARC technology are thh product manufacurer, (they manufacture teh JSJS hardware while JSJS contribute the sofware). JSJS already owe them money which the two parties have reached a debt resettlement plan, ($20K per month). This agreement also allows ARC technology to sell the products to their clients. JSJS will get some royalty on these products sold by ARC ..but these rolyalties will not be going into JSJS pocket but used to further offset some of the debt owed. [ You may find that NEXA etc uses the WIFI link but are not badged JSJS etc] Hence if this is selling like hot cakes in Taiwan, or anywere else for that matter, then the product is sold by ARC. Due to working capital constraints JSJS is at the moment still trying to adequately stock the UK distribution pipeline to consider oversea stocking. In time yes, once we are out of the woods and have some working capital headroom. If we keep this realistic without setting unreachable expectation then peope can make an informed decision on what they are investing on. Great product, massive potential, struggling at the moment due to working capital issues. If they could trade through this, then there is an opportunity for a significant gain. If the company have the money then there is no limit to how high they would go. At the moment market penetration and how quick they could release products is constrained by working capital issues. [ Some of the product designs has been completed ages ago.... but releasing them will inccur at the least inventory carrying cost. I know I have seen the list of products that still have not made it into the shelves, a good example is the Color Changing LED drivers .. these has been on sale in Singapore for at least 5 months now but has not yet made it into the UK shelves of the main distributors].

The results is fantastic and growth assured, but fpor some reason this share is still below the radar. Not that I am complaining as it presents me with the opportunity to continue accumulating. Not many shares in free float. If your investment window is upto 12 months, then you should just buy and tuck away. By the next set of results it will be an open secret... at that point there will be a massive hike as the scramble for the few available shares starts.

mulledwine, Ignore the published spread. You can buy at 0.605 and sell at 0.6p. So the actual spread is quite tight.

I will still be posting here. Though I have to confess that since posting I have not really contributed anything that is not already common knowledge.

Daramuda, Posting in advfn under the user name: buggy Will post my email on Friday morning, tomorrow, from about 7:00am, ( or earlier), up to 10:00am.

Last nights One2One presentation. Very informative and polished. http://www.proactiveinvestors.co.uk/genera//files/companies/2._sarantel__may_2011_proactive_investor_presentation_final.pdf

Seen the new website? Things are definitely on the up. Website now looks proffesional and like a company going places. Not sure wheter to take losses elsewhere to move more here with a two year view. Hopefully I will have till end of June to make that decision.

today's RNS, in my opinion, is great news. It adds another cog to the wheels. Unfortunately over at advfn a few people are interpreting the lack of price action as a sign that the market have viewed the news with apathy. The real reason for lack of price action is that there are a/some large sellers, so irrespective of how much buying there was today ..it will be matched with a sell. Until the seller/s are cleared I do not think that we would be seeing any significant price shift. Becuase no price movement occured, people did not see any urgency to pile in. If the price had jumped up by .5p early in the morning you will have seen most pilling in the belief that this must have been great news ..and the further rise in price will attract the attention of others pushing the price higher. Sometimes the price of shares is controlled by herd mentallity. Does no one thinks for themselves these days they just react to situations instead of controling and dictating the agenda. Without looking to find a root cause as to why the price has been static people just plums for the easy option. ... no point factoring in the fact that there has been and still is a big seller and that it will take a heck of volume to shift him out of the way. .....conclusion in some people's mind is that the news can't have been that good. IF IT WAS WHY DID THE PRICE NOT GO UP. Anyway for me I am semi comfortable with where we are ..only concern is if they could manage to pull off their placing.

Don't mind posting my email address on advfn. The problem is that I am on internet all day at work...and though I have 2 personal email address I check them only on occassion. You may think me rude if you send an email and i did not reply in a timely manner. I read these boards more than my email as I keep on top of my investments by checking performance daily. Unless you alert me of any email sent in the board then I would log in and reply. But then again do not take anything I say as gospel..I have been know to get it spectacularly right as well as wrong.

Yes they are burning more money mainly because the activity is ramping up. The development contracts that they secured, military contracts, I imagine that the contributions from the client is only a fraction of the total development cost so SLG has to foot the rest of the development cost. Hiring sales agent in Japan etc all are extra expenditure. The number of interviews , presentation done by the company has stepped up as they try to marcket the company and products , ( for example they wil be presenting at Proactive event this Wednesday), ..and all these cost money. If the rate of activity picks up then base cost will also pick up. So that is to be expected. It is a chicken and egg situation.. or as Americans put it ....you can't make an omlette without breaking an egg. Development expenditure is a sunk cost. However once the developments are finished then we will expect the new product to be earning enhancing. We would then be in a position to sell the product to both the client and to any other customer that wants the product for years. We can not get to profit point without the extra expenditure to reach the critical mass tipping point. Woracle in advfn I believe lost a packet so has turned bitter. When people are complaining about the board , I wonder who they would prefer instead. The current board are people with proven capability , who who are in the board of successful and well run companies. People tends to not separate investment climate on which the company is operating with the share price. I tend to first consider the investment climate....Will a different board of director have made this company succeed 5 years, 3yrs or 1 year ago? To me the answer is NO ...there was no services that required our technology at that time. Even now the services requiring the terchnology is just starting to appear and the board is trying to get the product into the mainstream while operating under a share price that does not support much leaway in terms of capital raising. Last year they raised about 1.5Mill ... I am sure that , if conditions were perfect, they would have prefered to raise about £5Mill ( that would have given them head room to take them through to profitability and provide a warchect for any future product development). Unfortunately ..(a). there was not much appetite for the shares so they had to place the shares to whoever they could get... and we are now suffering from the consequence. (b) Because of the low price of shares it would have been a major dilution to raise £5mill. They could restructure as Woracle said but at the moment there is no evidence that they will do that . There are other avenues including bank funding if they could get a juicy contract signed. Besides if there is no appetite for capital raising... restructuring and reducing the par value of the share will not increase appetite ...so no value is gained by doing that.

Nothing really had changed ..apart that it will make it hard for the company to do a placing. Who will want a placing at higher price than you can get in open market. One thing is that slide in share price is not due to underlying value but due to more shares available in the market than demand ..people investing for a quick turn over now wanting out and trapped. My position is that if I had the funds I would mop these up at 0.95p A year from now this price will seem ridiclous. If we do not last a year and gets taken over then I do not expect ,at worse case scenario, a take over for less than 3p so I still 3x my money. The immediate problem is that because theswe individuals want out, even if a deal is announced today and the share price goes up they will just sell into the strength ..so untill they clear the share price will languish. Price may go a bit lower if one of these individual is getting desperate to get his money back ...juts depends on how low he is willing to go to attract buyers.

Done some number crunching to find out where the shares are comming from that is depressing the share price. Looking at the major share holding as of 25/02/2011. All the institutions are still there with the holdings they declared last december. During the last placing: Mr A Mortazavi took 18M shares , declared on 30/12/2010 ==> reduced to 14 Mill shares on 21/01/2011 and went below 3% on 24/02/2011. Mr M Hennigan took 19.5MIllion share in placing declared on 30/12/2010 Reduced to below 3% on 24/02/2011. Mr A. C. W. Snow took 15Million shares declared on 4/01/2011 and reduced to below 3% on 24/02/2011. I believe that these individuals were hoping for a quick turn on the placing , (usually you get shares at below the market price and can normally turn it over for quck profit. IN and OUT .... have done it myself a few times). Unfortunately for this group things did not quite work out as well as they hoped, their attemps to dispose at same time floded the market with shares and depressed the shares further and trapping them. I recon that amongst them they still have about 15-20 millon to get rid of. Anyone amongst them that have enough free capital to withstand tieing the capital down will be forced to wait until the share recovers to at least get their initail investment. Clearly at least one of them, it appears, has commited more that they can afford to leave for the long term and is willing to take what ever price he could get. Hence if you have about £200K lying about somewhere to mop up the shares, take it off their hands so to say, you will see that the share price will suddenly kick upwards to about 3p which is where it was we started talking about placing last year. Hopefully if they can manage to get a placing away this time , I hope their broker will manage to get a better quality of placees...people that actually believe in the company rather than people that just want a quick 10% turnover for a couple days investment. [Not that I am blaming the placee as I have done the same myself : taking part in a placing in a company I know absolutely nothing about except that I will get the shares at discount value and sell into the market at a profit.]

GedW, If you have a level 2 you will probably kinow more than me.,,as you will be able to see who is on the offer and whao is on the bid. When I say institution ..it may well be a private individual who took part in the placing. The fact that you can not sell kore than 25K means that the mm did not get what they are offering to sell from normal PI selling. Infact all the prices that have been reported as SELLS have all been buys...You can buy 1Mill to day af 0.95p. Hence on what has been reported in the market over the last 3 weeks there has been more buys than sells. Yet the mm are offeing up to 3Mill qty if you want to buy. Hence mm must have these line of stock to dispose ot and they have had it for over 2 months now. initially I thought that it may be some inst adjusting for end of tax year but obviously not as mm still have plenty to sell. MM is there to make a market ...match sellers to buyers ...hence as there has not been much selling..the mm do have a significant line of stock to sell and it must come from somewhere. If you look up Level 2 you will probably see which mm is on the bid and which is on the offer and that will go someway to determine who is selling. I no longer subscribe to Level 2 so can not help here.