Member Info for scardey_cat

Isn't it a bit early for Christmas cards @Prime?

I tend not to engage with half wits Spks, but if you re-post that, including some basic punctuation, I promise to have a look at it tomorrow.

I think you mean tantamount not paramount Bagzzz718.

Also, "a crime may have been committed", is a a slightly different proposition to that put forward by @Prime

"Plain robbery, huge number of witnesses, clear irrefutable evidence, main suspects are known and not hiding (although gone VERY quiet) and still no authority investigating the crime"

I'll get right onto it @Prime.

To give me a head start, could you just detail the crime, the irrefutable evidence and throw in a couple of dozen witnesses, that would be a great help.

You're right Bagzzz, big mistakes have been made along the way, in part due to a lack of experience I'd say. But, more experienced people than CJ have made the same mistakes. DVR, for instance, was also fooled by the Aaqua/Aldebaron people, so was Akers/Horrocks/Duff etc. I think responsibility has to be shared around, that's all. But, I guess it's only natural to focus on the CEO in these situations.

The final nail in the coffin has been Veative’s failure to pay the £1million owed to LMCH, which was part of the divorce settlement from a few months back. Instead, Ankur has folded Veative and re-branded as Umety in India, thus escaping all of their debts and liabilities. Had that £1mil been paid and Veative honoured the agreement, LMCH would have had a good chance of surviving and attracting new funding, with a clear route to market for the LMC product in India (with Veative as distributor).

This won’t be a popular thing to say, but I know personally that CJ has busted a gut trying to keep the company going and has foregone his salary for over a year now. All that time he has been battling with greedy, self-interested major shareholders, looking at how they can best take advantage of the distressed situation the company found itself in.

A lot of clap trap has been posted on here about fraud and dishonesty, but if you knew the complete story, you might reach a more balanced view on Chris Jeffries. Mistakes have been made, for sure, but CJ has always acted with the best intentions.

Queue the abuse…

And the good news is, at todays 7.5p SP, you’re still in profit.

Sorry, I was confusing you with that other halfwit, Spks. Easy mistake to make.

If you’re so convinced you’ve been screwed over Bagzzz, why don’t you spell out your accusation on here and name the individuals involved?

You made a killing selling half your holding in the 40’s, with the remainder standing you at a mere 7p, yet you continue with the self pity party on here. Dread to think what we’d be subjected to had you paid 30p and not sold any.

Not saying it won’t be NASDAQ, but I suspect re-applying to LSE would be an easier route, due to a lot of work (including prospectus) having already been done. Obviously, prospectus would need updating, but basic structure will already be there.

I strongly suspect ASLR action last week was significant. If we have short term funding in place to allow time for growth funding to be sourced, then the company can still have a great future. My guesstimate for re-list would be 1 to 2 years.

We are in a red hot sector and also branching out into enterprise business (income from businesses as opposed to schools). I think a strong foundation for rapid growth has been laid this last 12 months and that momentum is not going to disappear overnight. It is just unfortunate that an overly fastidious FCA has contributed significantly to the company being in the precarious position it’s in today.

A vote is not needed. The company are leaving LSE on 18th Jan. It’s a done deal.

A Nasdaq listing is a long way off, if it happens at all. In the case you did own US listed shares, you would just complete a form W-8BEN, through your broker and you’re good to go. Tax treatment is the same as UK listed shares.

The name will change to Veative Group PLC, but the entity will remain the same. Bit like owning a cat called Milo, you still own it even if you change its name to Whiskers.

Been studying the RNS more closely today and there’s several encouraging things in there for me. For instance:

1. They made $2m revenue in the 3 months to 31 Oct from ‘enterprise’ clients through VR offerings. That’s sales to businesses, rather than schools (which I’d noticed from Veatives job advertisements, that it was an area they were getting into). That’s equates to $8m rev per annum going forward, from a source completely independent of their school offerings.

2. Veative ‘India’ rev was £1.3m from 19 Jul - 31 Oct (post Veative acquisition, that is), equating to £5m (pounds) per annum going forward. Not sure exactly what the Indian IP is specifically, but it is independent of LMC income, or other Veative international income.

3. Lenovo have already committed to pre-purchasing 4000 Veative licenses for next year. I’ve noticed Lenovo have suddenly woke up on their VR Classroom offering these past 3 months. Most likely because VR STEM generally seems to be gaining a lot of traction in schools across USA & Canada.

Cheer up guys, the parrot’s certainly not dead yet. And, by the way, Chris is a very decent guy. A little naive, perhaps, to get involved with Bonnier et al, but there’s no way he will want to see heavily invested people he is close to (and I’m not talking about Robert, Chris A or Alan etc) lose out by letting this company go to the wall.

One last thing, Chris chose to step down as CEO. He is an innovator and an excellent salesman and that’s what he wants to get back to.

Like everybody else here, I’m completely hacked off having a large amount of capital tied up here for the foreseeable. Just felt the need, though, to dispel a couple of misconceptions (nice word for untruths).

Cue the abuse, but I don’t mind one bit, since I’m booked in for my next Thai massage quite soon. 250 Baht 1 hour.

Scaredy - Chiang Mai

A survey of 1,400 high school teachers in 50 US States, shows 77% in favour of VR in Schools.

“Sentiment from teachers across the country is that AR & VR is well-positioned to become an essential teaching tool in high school classrooms.”

https://xra.org/research/insights-from-teachers-on-future-of-xr-for-education/

More accurately Barnard, Scardey has left the asylum. Travelling in Thailand at the moment. 30 degrees over here. What's it like where you are? :-)

Derek Liu, VP DPVR, “Very Close” to @VeativeLabs VR STEM China rollout.

"I will promote EduPro with China partners. No worries we are very close! Dave is working on China Server, translation almost done. In 2023, China market can be good one for @dev_clever and VL.”

Recent soundings from Canada, Poland, Australia, USA, China, India & Africa suggests VR STEM will be a worthy rival to LMC as @dev_clever's most prominent income stream - both with huge potential.

#DEVCLEVER @VeativeLabs @DPVR_Global @DPVR_Global

https://twitter.com/MJeffries59/status/1595701007002001409?s=20&t=lpXl3sqXyLpkw49g31jhxA
Tweet by MJeffries

More on Canada:

Veative Labs are presenting to Canadian Multi School Trust, this time in Montreal, The Sir Wilfred Laurier School Board. This after @VeativeLabs began the launch of VR STEM into potential 100 Edu Centers in Greater Toronto. They seem to be gaining a real foothold in Canada.

https://www.linkedin.com/posts/dave-dolan-13472a_vr-activity-6996834792407261184-SgQV?utm_source=share&utm_medium=member_desktop

"The Ministry of Industry and Information Technology in China recently issued its action plan for virtual reality technology, with the aim to ship over 25 million VR devices by 2026. This, along with other initiatives, is expected to generate £40+ billion in revenue for the Chinese economy."

Quite unusual for Dev Clever to promote themselves in this way. Something brewing in China?

https://twitter.com/dev_clever/status/1589976211069231105?s=20&t=Ls-ezUVf5deLUL0Euyr1UA

"York Catholic District School Board is getting ready to launch VeativeLabs's VR for Edu solution in it's Edu Centers."

YCDSB have 100 Edu Centers in the Greater Toronto area. Things hopefully picking up in Nth America.

https://www.linkedin.com/posts/glenn-collins-1b407124_education-vr-stemeducation-activity-6995414560358768640-U58v?utm_source=share&utm_medium=member_desktop

YCDSB:
https://www.ycdsb.ca/about/

I think he’s been busy researching a company called Metaverse, that doesn’t even exist.