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Does any body out there seriously believe this mine will ever be built? We have had years and years of updates and reports about how we might build it and what the power supply would look like and how we would deal with ecological issues and how the financing could potentially shape up, but none of it ever progresses into actually, physically doing something. It just seems like an administrative job creation scheme with no end product. I'm so far under, there's no point in selling but I have, literally, zero faith in the company ever building this, or of me ever getting a return beyond small change
I wouldn't claim to be an expert, but my understanding is that advertisers on Audioboom pay on a CPM (cost per mille) basis. Therefore, they are charged per download rather than in relation to the amount of clickthrough or take up.
Company has indicated FS will be out in February, so i'm guessing it will probably be June/July
It's possible, but the podcast industry as a whole continues to grow at pace so it's hard to see why a big player wouldn't want greater market share or why a new player would want to buy a fully formed, profitable podcast company rather than having to start from scratch with, not just content, but ad sales etc
The AAA offer was 80% shares/20% cash. So that's 80% paid in the shares of an unlisted security. Without some certainty in AAA's direction, it is like accepting an offer in magic beans. I am quite happy to see the company continue to evolve rather than facing that scenario. If AAA come back with a plan that has greater certainty for shareholders going forward, then that's fine, but until then, I am happy with the company's actions
But, sadly, their 20% shareholding can't be forgotten
What will make this move materially is confirmation of orders/ sales . I have no doubt that this will come and suspect it only has not due to the complications of being part of a consortium. No company doubles its workforce and invests millions in premises and equipment in the hope that they will receive orders, they will only do so based on certainty.
I understand many are hoping for MHRA approval for home use on the antibody test but I can't see this happening, not because there's anything wrong with it, I just think the government has made a political decision that it does not want people self diagnosing their own immunity and then disregarding lockdown rules as a result. I am extremely comfortable holding and have no doubt that it will rise materially at some point in the next few weeks and, given that, it really doesn't bother me exactly when.
My only concern regarding the Ulster trial and MHRA approval is it I don't think the government would want a significant number of people declaring self diagnosed immunity and disregarding all COVID restrictions as a result. This in turn could lead to faking of antibody tests and even youngsters deliberately getting the virus to get the subsequent immunity.
It concerns me MHRA approval may be delayed for this reason
These seem to mirror the Jon Deeks comments, and Deeks is also quoted in this article. Two days ago he tweeted:
“In recent weeks/months I have posted a series of Tweets in which I made various allegations regarding Abingdon Health Limited and its UK RTC COVID-19 test. I accept that those allegations were unfounded and I apologise to Abingdon Health Limited.”
Think this can, therefore, be disregarded
You could have a job as the Big Brother narrator Tardis
"Day 48, Tony has come to the diary room"
To deal with each point in turn:
No there is not something very wrong, of the 22m BOOM generated a large percentage goes straight to the content provider and a further percentage to the platform on which the listens are generated, so a large increase in revenue doesn't all stick with BOOM but, clearly, we are close to profitablility and should achieve this in 2020.
Why do they need 4 million? Contracts for content providers are generally for two years and both new contracts and renewed contracts require an upfront payment which BOOM recoup over time. So if the deal is for 1m over say two years, simplistically, BOOM may front 1m and then generate 1.4m in advertising over the 2 years. BOOM will know when contract renewals are due so will budget accordingly.
For the same reason I think it's safe to assume that BOOM will not negotiate a loan with an £80k fee if they only intend using £100k of the facility. I would expect the total rate to be near 10/11% which is not off the scale and, to my mind, far preferable to shareholders than a 12/13% dilution. Particularly as it seems possible we may be in play for a takeover imminently if media reports are to be believed.
Dear oh dear, people moan about regular raises, (to facilitate the growth of a young company in a young industry), and when they put in place an arrangement that negates the need for any further raises, people moan about that too.
Unless you're prepared to lend $2m to Audioboom on more attractive terms, I'd suggest you accept this as an innovative approach that benefits shareholders
Long suffering long term holder here, but seeing lots of light at the end of the tunnel.
I'm not sure I see the need for any imminent raise, BOOM lost $3m last year down from $5.8m last year, the company is clearly continuing to grow turnover rapidly so it's reasonable to assume there may be no loss next year or, if so, one that is easily accommodated by the $2m of cash BOOM currently holds.
The AON infrastructure has now been set up and paid for, the upfront costs of renewing existing talent and accruing new talent is being met by the SPV so, barring an acquisition, why would there be a need to raise?
All of the metrics are pointing in the right direction and there's no reason to think any are about to change direction. Revenue will continue to grow, as will number of ad slots, as will number of advertisers, as will the cost of podcast advertising. When I first invested, the revenue was about £50k pa, it is now $22.2m in the space of 4 years. I see every reason to be optimistic that patience will finally be rewarded