You hearing same as me? TW says 50p by end of month and 80p in no time at all! Ipsos have announced a partnership with Big Sofa already even if no RNS here yet. There is a webinare out from October, a blog from Ipsos France and Big Sofa employeses have tweeted about it. Worth many many millons in revenue to Ipsos apparently. Get in ahead of the herd I say. LOL X
Don't know as I don't subscribe to Hot Rocketsmand as such will not be among those to get the instruction to take profit from the 17p placing and the 19p floatation. Note that this was recommended on Hot Rockets (not SP) as a buy up to 23p. Anything above that gives them the possibility to call a sell shout as a success.
Pinch of Salt anyone? "Our writers took part in a placing at that price and we will not sell until at least 24 hours after we advise you to bank gains. We reckon you will be selling at 50p plus within a couple of months." That's less than a month away so better make those contract announcements soon, bearing in mind it was borrowing "keep the lights on" cash from NWOG right into October 2016. After all "Big Sofa made a loss of £0.964 million for the 15 month period ended 30 April 2016. Since then the Company continues to be loss making, as it continues to invest in its infrastructure, including increasing its headcount from 17 to 23 employees, which has been funded by loans from its directors, the £675,000 loan from NWOG, the £100,000 loan from HubCo and a recent £150,000 equity investment". So all that and £2m sales revenue in 2016?
No EGM called by now = another Jersey regulator deadline missed. Worse, no explanation given by the NEW Gang of Three. It's dreadful the way shareholders are treated by these people, it really is.
From the horse's mouth....“Cornhill accepts the findings of the exchange and regrets what occurred. There was no intent from Cornhill and once the issue was known we co-operated fully to rectify the issue . . . Cornhill also proactively and voluntarily fully compensated all its advisory clients that suffered losses as a result of their trades in New World.” That's OK then. Big naked short seller compensates little naked short sellers and all is well.
What a joke! Loose change is how I would describe it. At the very least it should have been no less than the money they were paid by NWOG. As it is it looks like a token amount. No mention of the role the Nomad/Broker's part in this and no mention of the role of the directors either. Are they to be dealt with seperately? Or let off scot free?
Not much chance of that when the three of them get a monthly pay check for doing square root of FA. Unless they are proof reading the Circular for putting in the post before Friday of course (three weeks before the Jersey FCA deadline unless it's been exceptionally extended like the AGMs every year).
Good news just around the corner then. "Certain of Big Sofa’s existing or prospective customers have indicated they will only be able to engage with Big Sofa if “approved” specific hosting/storage platforms are used by suppliers such as Big Sofa. One particular customer has specified that Big Sofa uses Rackspace in order to become its global video analytics partner. Big Sofa is currently in the process of appointing Rackspace, however any delay or failure in so doing may adversely affect Big Sofa’s prospects." That was in the November 2016 Admission Document. Delay? Failure? Surely not. Unthinkable. Not even a slight risk.
Cunning! They had no need to say how many shares they now hold and they certainly don't now need to say when/if they dispose of any more. So here are we happy as pigs in XXXX thinking that they haven't sold out while they can set about offloading the rest. Perhaps we should be worried with two institutional investors now having bailed out.
Course it's too much. This share isn't listed so why should he? What we are waiting for is the Circular to convene the EGM that has to be held by 10 February. Turney, Reynolds and Lee will have to let us know what is happening in that and send it out three weeks before so only a couple of weeks to wait. Always at the last minute with this crew..
So a directors monthly pay check and the Teathers placing for Big Sofa is Turneys reward for organising the shareholder resistance to the voting in of an independent director at the AGM! 30 pieces of silver or what.
On admission we get F-all except the right to convert the increased loan into shares at 17p a go unless BST (B****S**T) do a placing or subscription at a lower price in the next two years. Lower price? More shares! Better by far than the masive dillution that was coming NWOG holders way if the original plan had happened.
Don't remember this being mentioned when NWOG announced the RTO on May. "On 8 February 2016 each of Nicholas Mustoe, David Newton and Peter Reynolds (father of Adam Reynolds) lent a sum of £100,000, interest free, to Big Sofa and also entered into a warrant agreement with Big Sofa, which entitles them to subscribe respectively for shares in Big Sofa representing 4 per cent. of its share capital. Messrs Mustoe, Newton and Adam Reynolds are shareholders in HubCo. Peter Reynolds received a commission of £50,000 for processing such loans.
Glory, Glory, thank the heavens that NWOG Action Group scuppered the Big Sofa deal. The HubCo EGM and Admission document tells you all you need to to know about this related party transaction, £50k to AR's dad for a 100k loan for a start. Then there's the £4m valuation of loss making unproven Big Sofa software that they want us to think does automatic transalation in nearly every language! Oh and NWOG have lent another £75k of what BS thinks might well be someone elses money, forgone the accrued interest and taken a reduction in coupon. Good luck with the placing Hobart.
Since both of them are vehicles for Peterhouse and both are headed up by frontmen.....what about Peterhouse using PIRI to bring NEW back to the market and instantly letting PRS get its lost £250k back? They'd be doing their mate Colin Bird and TIR a favour too. Course they'd need permission from the owners of NEW's $4.8m first but from what I hear that shouldn't be to difficult to get.
It's alright everyone.... the tablets are starting to work. You can get them to post those BIG SOFA oops sorry, accounts now, I'll be fine honest...
Look Yoshie, these people are in Companies House as DIRECTORS....comprendee? COMPANY DIRECTORS Big Sofa has a director for every two workers ffs. But it doesn't have this years accounts DOES IT? And if its BS yer after whats this crap about maternity leave when the old FD left a week after the accounts were suposed to be in? SACKED or did he RUN AWAY!!! Coward. XXX
No accounts but millions of new directors. Well, total of 8. It's like the last ten minutes of a twickenham rugby international out there. All change! Puts any expense of organising an AGM and a third director at NEW into the small change pot though, unless your accountant's granny has died or something, in which case it just stays in Sztyks pocket
That's SLIPERSHARE if you don't mind. So much more like a Superhero than lower case with spaces. Viva Clem x
Come to the next Sefton AGM and say that to my face