Member Info for Silverblade

It does appear that someone is continually selling into the share weakness driving us further down. This has been going on for more than six months. As crazy as the company valuation appears - there appears to be no end to this downtrend. If the reports from last week are accurate about new investors - they will be spooked as much as we are as to why there is so little support. Perhaps some of the deal shares are now coming onto the market - we know SJLs position - but in the face of continued share decline there does come a point when cash is king. Im not there - but this is becoming extremely painful. Much has been said of Toby not buying - and I would support him doing so - but the reality is his choice not to buy has proven correct given where we are - and I know that's not the way to look at the issue but it is reality. Surely our brokers can be equipped with better forecasts to at least send some positive signals to investors - turnover and ebitda projections should be able to be calculated for the full year by now (.luxe excluded). SB

By region you of course mean country.....! SB

Not me / school holidays / pity would like to have met up with some of you guys. Maybe me and taproot can start the Scottish branch...! Any positive feedback would be appreciated....how's luxe getting on etc! SB

SKK - great idea - that's the type of access we need. Problem is that is school holiday week and I'm in Yorkshire - dammit!! SB

Thanks SJL - or do you prefer Stuart - I guess you don't have the benefit of the anonymity most posters enjoy. For what its worth I hold 3.35m shares - about 0.4% of the business. So not quite on your scale.....but we do share a similar breakeven price - I'm now at 9.8p against your 10.1p at the time of the deal. So I'm heaps in the red......which means you are really heaps in the red on this particular 'investment'. On the plus side we all know this will sort itself in due course for the reasons discussed previously - its just been a very frustrating time and losing money on paper (or in cash if people sell) tends to bring out the monster in most of us. In many ways your inside, but not inside if you know what I mean, company and industry insights have done a lot to calm nerves during a testing period - I'm sure I speak for others on that point. I wonder if us smaller PI's could put a collective 4% together; an investor group with 20% must have some clout - 30% and we would be making a takeover bid! Cheers, SB

Sundaysun - my comment was a bit tongue in cheek - but thanks anyway. Interesting that my purchase are marked as sells this morning. Not unsurprisingly these are the lowest prices I have ever paid here. It would be interesting - not that individuals necessarily like to divulge such personal information - how many shares the posters on this board represent - including a certain SJL. That collective holding should be recognised by the board as an important investor group - although I do recognise posters often reach out to Toby and he responds within the limits of what can be discussed. SB

Decided to pick up some more shares at these levels - three purchase at 6.5p - 100K shares in total. I wonder just how many shares our background seller has to dispose of. In other news I see we are up to 5 .luxe domain sales......come on!! SB

......an RNS is going to have a positive impact on this share! .luxe does have a really good feel about it - I'm not into blockchain but it is clearly a very interesting space to be in and we are helping ease of navigation in what is already a secure environment. We are now in our final quarter for 2018 and the next three months revenue will be very important to deliver a solid full year 2018 performance - with 2019 when it all comes together. SB

I was referring to Dandee's comments not the share! SB

Rykan - agree with your thoughts - and if I'm honest I was previously in the 20p+ camp as well....! I think bakky was reminding us to be sensible at the time. Personally I would grab 16p a share at the moment - but that's a long way off for now. In the meantime, lets give Toby and the team time to evidence progress. SB

Based on SJL's comments it does appear our expectations on a potential sale value during the review were way ahead of what the market was prepared to value mmx at that time. There was chat about 20p+; which would have valued the business in excess of $175M - which appears to be way in excess of what may have been offered for the company at that time. Hence the 'sale' outcome of the review would have come as a crashing disappointment to the majority of investors. The board have acted in the best interests of shareholders in attempting to create a business which in the next 6-12 months will demonstrate all the positive outcomes the combined mmx and ICM operations will achieve. There is no requirement to sell the business - we have no debt, cash in the bank, a growing and profitable domain portfolio, a management team who appear to have taken tough yet necessary accounting decisions, created innovative partnerships and indicated a plan to commence distributing returns to shareholders probably within the next 12 months. Its tough being where we are; and there may be a couple of bumps yet to come, but I get the feeling the business is getting ready to deliver its potential. SB

*$41m not £.

Sundaysun - market sentiment is certainly against us for now - and has been for almost six months since the acquisition. I'm a fan of dividends - but I'm also a fan of share price capital growth especially in companies which appear to be going in the right direction. Whilst the majority of the pain appears to be out of the way for now - the remaining worry is the potential for new investors to sell shares after their lock in periods (not that I think that would be particularly sensible given the issue price and where we are), and the 128m shares to be issued in January which dilutes the current shares by a further 16%. Also - our current company valuation less the £41m ICM purchase and the $10m in cash places such a low value on our legacy business it really is ridiculous. SB

Tap - its not a ntld - it was part of a previous domain sale programme I think - sure SJL can confirm. SB

Bakky - if we manage to retain 1.6m regs in our current portfolio by year end (subject to deletes), add in 90K from .xxx, 85K from .review (our 1/3 share) - we could be at roughly 1.8m. Maybe .luxe will give us a nice surprise - and who knows we could be in touching distance of 2m. SB

That said we've added 100K registrations in the last month alone.....SB

Looks like a lot of the early $1 .work registrations are not going to renew - I guess that was always on the cards - however at least those that do will do so at higher prices. SB

Personally I'm currently hiding behind the sofa in case the share price goes below 6p. On the plus side I might find some cash in said sofa to invest - possibly here.......SB.

Morning fellow mmxr's. I don't know if anyone else picked up the following broker note from FinnCap last week - details below. Not anything more than we know. Frankly I would expect a bit more from our advisors - they should be providing better guidance than this for full year results. SJL's ongoing analysis is really useful - but quite frankly our FD should ensure these guys are briefed and able to provide reasonably accurate forecasts.

If we are to assume we are to end the year with somewhere in the region of $13m cash - albeit some is locked up - with an EDIBTA of $6/8m next year - and with our share price at its lowest in at least 5 years, someone, somewhere might be tempted to test the resolve of shareholders? I cant imagine the investors at Goldstream will be pleased with their investment at 13p a share two years ago. SB

" Minds + Machines (MMX): Interims on track despite exceptional items

Key data
•Share price (p): 7.3
•Target price (p): 17.0
•Market cap (£m): 51.5
•Enterprise value (£m): 39.4

FY 2018 will be transformative for MMX; strong registration and renewal revenue growth in the portfolio will be augmented by the ICM acquisition in H2, to create a stronger business with a high proportion of predictable recurring revenues, which are expected to cover the cost base within the next few years. Meanwhile, significant restructuring and reappraisal has been undertaken in H1; certain inherited legacy contracts have been provided-for to enable a clearer picture of the underlying progress, leaving a large headline loss but with little cash impact. "

Taproot - I'm not nervous - I wouldn't be invested in AIM stocks if I was of that disposition. Disappointed would be a better description of how I feel about the last 12 months. We will have to differ on the clowns comment - the business is progressing - some mistakes perhaps - time will be the best judge for us all - and that means looking forward not backward for me. SB