Member Info for Silverblade

Taproot - we should be celebrating the 2m milestone - it is disappointing that the board has become so negative in the face of apparent company progress - but for long term holders it is difficult to view the current valuation with anything other than disappointment at best - and anger at worst - nobody i am aware of likes to lose money on an investment...! I think the issue of company dividend policy will be clarified on the 24th; but in reality a progressive dividend (as opposed to some form of special dividend) needs to be paid from trading profits - and I think our balance sheet liabilities need to be sorted out for this to happen - which is why the resolution of the .London drag once and for all is important. Not long to wait - lets hope its the start of a new chapter! SB

Macc - bear in mind the ntld stats for mmx on 'statistics' web sites don't include .xxx or our share of .review - hence the updated web site tracker is a better reflection of the total domains under management - possibly alluded to by Toby after his chat with Sunday. I think the previous comments in relation to improved data management in relation to its portfolio show how the company is looking to better understand its market and target key areas of growth - and accurate analysis on sales, renewals, totals is an output of that work. SB

Sunday – firstly thanks for sharing your observations after your phone call with Toby. It is encouraging that Toby is prepared is speak to investors one on one – although there is a limit to what he can and cannot say and that is perfectly understood in relation to financial performance. The various initiative updates indicate the company is not merely relying on its registrars to sell domains – in what is a tricky gtld market – but actively looking to support and grow its business by creating additional retail channels and revenue opportunities. The updated web site is more in line with a market leading business – with close on 2m domains – although for me it’s not about the volume its about the revenue. Profitable, Fast Growing, Innovative – as long as these metrics can be supported with actual data then we have a bright future. Why we remain at these trading levels is still a concern; and the constant drip sales and buyback ‘fail’ continue to frustrate despite the rumoured institutional interest.

I’m looking forward to the results in two weeks; which I hope show strong H1 financial performance, legacy issues addressed, an indication on current trading and clarity on when the company expects to be in a position to make distributions together with any financial restructuring required to allow this to happen. SB

Given the US Dollar v UK Sterling is now sitting at 1.2 versus 1.33 at the time of the ICM purchase in 2018, any US businesses looking to acquire UK listed companies can take serious advantage of the weak pound, albeit in mmx case actual revenues are measured in dollars. That said, with all the current uncertainty who knows where the pound is headed, but it does help a likely acquirer use currency fluctuations as part of an investment case. If someone was interested.....! SB

What's the chances todays purchase of 100K is down to Turcan - he seems to be the only buyer in town?! Answers on an RNS postcard at 7am tomorrow. Apart from that business as usual - who sells £55 worth of shares?? Something has gone horribly wrong with the buyback. Its normal practice to put decisions in the hands of a broker - but by any stretch its not doing anything for the company - and either its on hold, cancelled, or the terms are such that purchases cannot be made in which case revise them, or something else? Either way it would be good to have it clarified - although we might have to wait until next month - although I'm not sure if closed periods apply to interim results. I agree with you bakky in that there are surely some good news stories available - but the past tells us unless they are backed with actual bottom line results then there is a negative price reaction. SB

Cheers Taproot. At some point we will hopefully be discussing mmx in a better light. And that day cannot come soon enough!! SB

You_having - we are all entitled to our opinions and the reality is none of us are any the wiser about share trades other than our own, save where those that do need to declare (SJL) share their rationale. My point about having no idea was not meant literally. If Turcan is looking to hoover up the £1m he better get a shift on! ATB. SB

I have no idea why Turcan sold 500K shares and have subsequently bought back 375K. In the scheme of their holding its insignificant, and i don't honestly believe someone was trying to make a couple of grand from a trade - although if they did no problem with that. It might have just been a test with Fincapp to see what they would bite at within their buyback remit. There is simply no trading volume at present for the buyback to operate - its just business as usual albeit at depressed share price levels with daily sells/buys at such small levels they aren't worth worrying about. Its not the position we want to be in but nothing will happen until the company clears up legacy once and for all and starts to deliver results which show growth, cash etc. I hope that the H1 2019 results provide clear evidence that we are finally done with the past misadventures and can see real value being created for all associated with the business. SB

I'm still not clear as to exactly how the buyback was meant to operate - we know certain parameters - but there may be another remit ie the buyback is intended to support the price falling below a certain level - and we've not hit that level yet? Finncap would need to purchase 500K shares a day for the next 32 days to spend the balance of funds - unlikely. I suspect the motive behind the buyback was perhaps more about a public statement that the board recognise the share price disconnect and were prepared to allocate funds to stop any further declines prior to the H1 2019 announcement where they may be able to offer further evidence that the business is now profitable, legacy free, generating free cash flow, no debt, growing, looking to introduce dividends - which should provide the stimulus we need to improve sentiment and market valuation. We live in hope!! SB

On a lighter note - registered today - this "artisan vodka", made with grain and water from the Chernobyl exclusion zone, is the first consumer product to come from the abandoned area around the damaged nuclear power plant. There's only one bottle been made so far. Anyone care for a drink?! SB

Sunday - i think you are spot on with the dividend comment - i seem to recall from previous similar circumstances that there are likely accounting issues which need to be addressed before dividends can be introduced - so the sooner the balance sheet is cleaned up the better. Lets hope progress can be made in Q3 and reported at the time of the unaudited results - goodness knows we could do with something to lift the current malaise! Cheers, SB

Apart from my thoughts that a dividend would have been a better way to create some value here, i also believe that a buyback would have been better if the £1m was offered at take out a block of shares at a premium to the current share price i.e. each shareholder could sell 1.6% of their shares at 7p taking out 15m shares. To see the net effect of the buyback sitting alongside a share price retraction virtually back to multi year lows is really disappointing - its a bit difficult to badge this as creating shareholder value at present. SB

I would have preferred the £1m was allocated to a dividend. 0.1p per share for H1 2019. The buyback doesn't appear to be meeting its objectives of creating shareholder value - early days and that said it is quite limited both by the volume it can purchase and the price limits. That said - its still a bit rubbish - but the whole stock market is all over the place of late. SB

Dandee / seriously? We’re all pssd off with where we are but what are you looking for? I’m looking for positives in the hope we can recoup our investments / and I believe we are on the right path. SB

If anyone wondered how many brands of vodka are available check out today’s registrations! Likely to be part of ongoing premium sales release? SB

It does appear to be bad timing on our part that a broker was on the look out for 30m+ shares at the same time the SJL was looking to raise some cash......that said - it looks like they had a price they were prepared to pay and the deal worked at both ends. The buyback is in the hands of Fincapp - and i think we all view their capabilities as being below par. Next event for me - barring any news updates - is the H1 2019 results on 25th September. We should anticipate some positive announcements around that date - and the company will have a pretty good feel for its full year performance at that time. Keep the chin up - i know that's easy to say and its difficult to look at where we are and not react negatively - but we are making progress and sooner or later this will come good. Frustrating but we know the potential for a big upside here. SB

I can't say for certain exactly what transpired between 8.09am and 8.19am but possibly it was broker No 1 to broker No 2 for the first two 32.324 'sales' then three purchases from Broker No 2 clients, with the largest representing 2.7% of the shares in circulation. As SJL noted - all sorted in a few minutes. Good to know there is demand - pity that demand hasn't led to an increase in price - but remember it was a brokered deal that worked for all parties concerned. SB

Scotty - SJL's broker sold 32.342m shares at 8.18am at 5.75p All 32.342m were bought in three tranches at 8.19am at 5.75p - it was a negotiated trade price. SJL has fully clarified the rationale for his sales - market demand coupled with a need to raise cash for his other business interests. So far the buyback has only purchased 500K shares from Turcan at 6p. SJL's smaller sales were not included in the buyback or would have been reported as so i.e. they were normal market trades. So out of the £1m buyack only £30k has been spent to date. Hope that clarifies. SB

Quite a week eh.......! Interesting stuff on adultblock - let’s hope this really adds to the bottom line - wonder when we will start to see any numbers. It’s also interesting to see how SJLs shares were picked up in three tranches - the large one at 25m is below a 3% notification - so might be deliberate to stay below the radar. I agree with those who continue to hold and add to their holdings but also accept the ongoing frustration we feel here can result in a lack of confidence from others. We’re all adults and can make our own decisions. I’ve been on this rollercoaster for a long time and I’m not getting off yet - esp as we are about to enter the over 18’s only phase!! SB

bakky - if the share price is currently perceived to have been 'bigged' then I'm off to find a bar to try and make sense of what is happening here.....i'm a positive sort but jeez I'm starting to struggle with some of the things that happen here. SB