Member Info for Silverblade

A bit of positive sentiment, a few small purchases, and hey voila Mondays not so bad after all. Lets hope we can sustain something meaningful and get a good run up to the half year results. SB

Is .cpa the domain for certified public accountant? Might sit well alongside .law and .dds - would also be good to know the plans for launching .dds. I wonder if the $3m facility made available from london and capital has anything to do with any of these future domain auctions given we used a lot of our cash to buy ICM? SB

Interesting stuff SKK - it will be even more interesting to see what level of domain sales we can achieve based on our tie up. I wonder if there is some form of commercial agreement on revenue sharing between mmx and ethereum - or is the benefit to ethereum purely based on making it easier for users of its platform to create user friendly blockchain addresses and enabling them to market that ease of use? Its another part of the business where we might get some type of revenue update when the interim results are made public next month. SB.

Just picked up another 82.5K - takes my total to 200K shares this week which is the same was sjlawley - although I am still somewhat short of his full holding! I agree bakky - my cups half full. SB

Decided to take the plunge and add a few more shares this afternoon - never been a fan of averaging down but on this occasion I have decided there is more upside than downside and sooner rather than later we will move away from these lows. Purchased at 7.04 up to 7.29 - at least it moved the price slightly......SB

The vesting arrangements of the share options is relatively simple - based on an increase in the share price from the price at the time of issue (8p, 9.375p and most recently 7p) up to a 100% increase in the share price based on respective published accounts (16p, 18.75p and 14p). So the uplift mechanism has been consistent; as is the setting of the base price.

Dweill - I don't think they have been recalibrated as such - the previous awards are still 'live' - this latest award is part of what appears to be an annual long term incentive plan - and as noted by others will have been agreed by the board remuneration committee. Whether they will make Toby and Michael any money from the three sets is clearly what matters most to us all given the impact on our own holdings from the required share price increase to secure full vesting. SB

This is the third set of options Toby and Michael have been awarded - albeit the vesting conditions are the lowest of all awards but are a function of the current share price. Options are usually both a reward and a step by the board to ensure management stay with the business - what is frustrating is not knowing what internal performance measures are used to calculate how many options are made available. I also like that certain senior managers have also been included. That said - I would rather bonus payments were paid in shares, and that both Toby and Michael made direct purchases - rather than freebies. As noted previously - the most important options are the ones that vest next year - and are worth zero at the moment. If the plan behind the scenes works and we start generating sufficient cash to deliver dividends - possibly as early as next year based on previous indications - then we will rerate. Being on AIM doesn't help. Keep the faith gents. SB

Double post - doh.

Bakky - I think the strategy for .luxe may depend on how that domain is viewed in china ie does it have the same mass appeal as .VIP in which case a volume sales approach could work well, or do they try and create a high end niche domain serving the luxury goods and services market - in which case the domain might have a wider geographic appeal beyond the Chinese market. Appreciate that doesn't really answer your question! I certainly think there are significant opportunities for premium sales. SB

Bakky - I think the strategy for .luxe may depend on how that domain is viewed in china ie does it have the same mass appeal as .VIP in which case a volume sales approach could work well, or do they try and create a high end niche domain serving the luxury goods and services market - in which case the domain might have a wider geographic appeal beyond the Chinese market. Appreciate that doesn't really answer your question! I certainly think there are significant opportunities for premium sales. SB

If you want the gory detail - look back at the posts starting early May this year. In simple terms - it was anticipated that the company was going to sold, whilst the actual outcome involved the purchase of another business using cash reserves and new shares. It has not been pretty since those events for either private investors or institutional investors, a lot of whom will be nursing losses. Ironic - as the company is now profitable, growing, high renewal levels, 6%+ of the global tld market, a strong inventory, talking about dividends, has an upcoming launch programme in china, innovation products in the pipeline, .luxe to launch later this year - so yes we are all asking the same question - why is this so bad. Several posters - Bakky and others - called it correct on the share price collapse in the event of a failed takeover. It needs a catalyst - and I suspect numbers now need to do the talking - the only problem is H1 isn't our strongest hour given the often referred to H2 weighting.

To add to this - both Toby and Michael have significant share options which are currently worthless, and would be worth up to £1.2M if the company achieves a share price of 16p by the time this years accounts are published in April 2019 - 9 months away. I know what my focus would be on if I was in their position.

I have been also been considering adding to my holding. Not taken the plunge yet. SB

We are stuck in a rut, that's for sure. The last news - further MIIT approvals and .luxe news - was simply not sufficient to create a meaningful demand for shares and subsequent increase in share price. So whilst updates this month will at least show what the company is up to, it may be we have to wait until late sept for the first half results to inject the positivity required to move share price - which will also allow the company to provide an update on Q3 trading with the full benefit of ICM, premium sales, .shopping etc. Frustrating to say the least in the meantime. SB

Even with VIP deletes we should still be around 1.5 gtld domains + 90K .xxx + .review has added some pretty impressive numbers in the last 9 months - we are a 33% shareholder in that which has 260K current registrations.

I'm assuming company are looking to release a number of RNS updates across august into sept - confirmation on VIP renewals (75%+), innovation product release, six month trading figures, .luxe launch dates, Q3 premium domain sales update with our increased inventory. SB

Sadly I'm 30% under as well - just under 10p average - appreciate that's not a blanket stupid comment.....I hope! I was having a think about revenue and got to about the same place as Rykan - although I was about $7.5m first half based on our own efforts, a bit of shopping, some ICM, decent VIP renewals, and our increasing portfolio. I guess the key issue is - what does that translate into PBT - and that's tricky as EBITA should be decent - but we may have some additional transaction costs coming our way / although they could be expensed into full year. If there is good news - we might get an early RNS confirming trading and final VIP renewal position - if not it may require some management chat to soothe us through the first half. The full year - and beyond - is now what it's all about for me. SB

sjlawley. Welcome - I'm a relative newbie to this board but have been invested for c.4 years - and was one of those who was concerned about further share dilution based on the declining share price. Firstly - congratulations on the successful sale of your business. Secondly, I am sure those that read and post here will appreciate your candid and frank summary of what was going on behind the scenes - something that PI's were clearly not party to given the rules governing transactions of this nature. Given that you are now the largest shareholder in the business, your support for the management team means a lot. The majority of criticism since the acquisition of your successful business has been based on the disappointing share price reaction to date; and your positive stance on the future and how our management team dealt with the acquisition is most welcome - which Toby has alluded to in company RNS statements and in conversations with some of the posters here discussing what lies ahead. We all want to believe we have a high margin, cash generating profitable business - it is now up to management to deliver and bring some confidence back. Thank you again for your thoughts. SB

Possibly - but imo the last thing we need at present is to remove our board - Toby or Michael - because the fall out from that could be further volatility - what we need is a positive upbeat trading statement based on our new, larger business - and this needs to be transparent - VIP renewals, Chinese shopping, premium sales programme, chinese launch programme for beer/work/law, whatever the 'innovation' product is, what our sales team are actually doing to push volume sales, why we need $3m from one of our shareholders at high rates of interest, an understanding on our initial and renewals pricing structure to make sure it is correct etc. 75m new shares hit the market on Thursday - I hope something else doesn't hit the fan as well. SB

Whether we like it or not (based on the share price performance) toby is at the helm. I hope he and the board have learned a lesson on how they have managed the business in the last 12 months ie since the review - and make sure this type of mismanagement is a one off. We need positive news flow - and that becomes more pressing every week. Toby and Michael both hold substantial options - the first tranche of 7.5m vest based on results to the year to 31 Dec 2018 - with a minimum of 8p a share up to full vesting at 16p. So whilst they don't own much directly - indirectly they have a lot at stake - hence toby's off shore tax move. SB

There are some reasonable increase's in upcoming VIP deletes starting to show up on tracker web sites - I think the next 10 days will give us a strong indication of what's going to happen on that count. I would suggest between VIP renewals and Chinese Shopping GA there must be merit in an update - perhaps by the end of the month.

It is a relief that the completed deal did not involve any more shares being issued. Given the timing of the deal, there is likely to be minimum impact (ie two weeks) on the first six months trading; although as you note there may be some reference to the consolidated impact. It will be interesting to see when mmx feel is appropriate to issue some market updates; two schools of thought here - our first six months are not spectacular (which wouldn't be a surprise with the often referred to 'second' half weighting) and they don't want any more poor news to reach the market; or actually we have had a decent first half - it looks like we might end up with more than 1.5million domains at the end of June although that is subject to decent VIP renewals - which as Bakky has previously indicated the company will know by now what is happening on the front. The next bit of news needs to very carefully delivered; and sooner rather than later. SB

It was me who brought up the issues re additional shares being issued. Believe you me I hope you are all correct - it was just something I had been mulling over. The purchase price in cash and shares is now worth c.$10m dollars less than the previously agreed acquisition price. However, that is not to say the new shareholders are not prepared to continue to receive their new shares on the back of a seeing a detailed 'sum of the parts' business plan (including the introduction of dividends) that we are not party to. Its that lack of visibility as to what on earth the company has been doing/has planned/is not doing when it should be which is hurting us at the moment aimo.