Member Info for slowburner

Simon Further to my post last Wednesday on the Bango platform capacity I have tried to find the article all weekend but failed but in any case looks like Bango have confirmed what I read somewhere GBP5 billion, wow that's a jump at little or no cost.

Norigold Yes great trading update Only correction on your post is that if the cash burn has only been 100k then I suspect we are already profitable on a daily / month on month bases Also great news on increased capacity Interesting to see how the SP reacts although suspect the trading update has already been priced in thus the jump last week

Looks like everybody has taken their positions and we will have calm until the trading update (unless there is a leak) and then we could have the storm depending on what the trading update brings

Simon Good overview as always In relation to capacity you are correct that they stated in Jan at the strategy day the next $1 billion capacity would cost 30k. However, I seam to recall a further article in which Bango stated further recent testing had identified that the Bango platform was far more powerful than they had first thought which rightly or wrongly at the time I took as further increased capacity . I will try to dig out the article tomorrow and give it a second read and will come back on this issue

No problem still a large chunk held by institutional investors Signing off for the day and going for a cool beer down pub

Norigold I know the institutional investors/management holdings are high but where do you get the 94% from. This would leave approx 4m shares in free float and suspect that a large chunk of these are held by long term PI's who are not willing to sell. For the next leg up do you think we need some shares to come on the market or is it just a case of at the right price (what ever that maybe) there will be sellers. I think the SP is also getting to the point that it needs backing up with an update on the numbers although I'm not saying the numbers need to justify the SP its just we have come along way since the investor day back in cold and wet January without anything further on the numbers In relation to the Amazon deal, glad I kept watching that space Ray Anderson mentioned and will keep watching. Maybe the tornado will be upon us sooner than we think

Looks like the share pot is almost empty

Interesting last hour coming up I suspect

Last year BANGO issued the trading update on 11th July which this year just happens to be Amazon Prime day lol

So in summary outgoing running cost's and one time cost's over the next 7 months (from end May) will be US$15.3m. Cash in bank US$2.6, fund raising US$20m plus US$7.7m from existing assets gives US$ 30.3m. Its then all dependent on further financing being raised of circ US$65m to cover the already committed 467k pallets costing US$38.8m. On this issue providing they have a business case and can demonstrate forward selling / income and the numbers stack up this should not be a problem and do not see why they would need to pay extortionate rates (this is where the BoD and there finance contacts need to earn their crust). Not the car crash it appears at first glance and nothing we didn't know already but not all rosy either

rm2investor brilliant research, keep it up

So Mr Walsh has fallen on his sword or is the Woodford influence ?

Results I have read them twice and still in the dark about what they are saying At least Woodford ($6 million), R. Ian Molson, ($2.5 million) and Verlinvest S.A. ($1m ) have put their hands in their pockets so they must see some hope.

Noirgold Thanks for that, I will have a read up

Only 12 hours left of H1 EUS income then the bean counting can start. I'm sure with the Bango technology they can push the button and get an instant H1 exit reading of the EUS spend although I suspect the timing is critical and which country they see as the peak of the day. For anyone interested in a read a new merchant newsletter available on the Bango website http://bango.com/resource/Bango_merchant_newsletter_issue_1

Shatter Calm down, its only Annual Report they has failed to issue. I have always said that considering modern accounting procedures that its not realistic to expect companies to issue a report in 6 months. lol

alexia93 Not sure what you mean, I think if you research my posts I have been positive about RM2 and the product Just frustrated with the BoD on the lack of communication and fu** ups Lets see what tomorrow brings

Depending on what happened with the statements below will determine if Mr Walsh will produce a rabbit out of the hat although the way the SP is performing its not looking good. The only positive is that the big II's are not running for the door, well not yet anyway All will be revealed in the morning although if Mr Walsh is consistent we will get the results from last year and very little to what's happened this year For the September interims The commercial pipeline remains promising and the inventory built prior to the cessation of production is being allocated to major customers. A significant sale of pallets, to be delivered in Q4 2016 is under signature process with a major US-based company. The expected sale of pallets in Q4 2016 is not factored into the net monthly cash outflow of USD 2.0m and could bring additional cash inflows up to USD1.0m per month in the course of 2017, subject to the delivery schedule required by the customer Management has, however, identified four strategic cash-contribution-projects, any one of which will contribute significantly to ensuring the going concern of the Group. In addition to the significant sale of pallets to be delivered before year-end, management has undertaken a better monetization of the current pool of pallets and the real estate building in Switzerland. Further, management continues to work towards the placement of an additional USD 10.0m of convertible preferred shares as authorized by the General Assembly. Depending on which combination of these initiatives is realized and their related size, the Group may recognize by year-end adequate accounting impairment (non-cash items) on the values of these assets. However, these four items allow the Group to confirm its confidence in the going concern status of the Company through June 2017 and beyond.

At year end 2016 Bango had £5.7m in cash. I seam to recall several years ago that Bango stated it was a requirement of their partners ( operators & app stores ) that they held at least 1 years operating cash and therefore I have every confidence that the H1 EUS will be on or ahead of expectations

Noirgold / SS Regarding H1 exit EUS not a lot to go on unlike last year where Bango kept the market informed although I do think they felt they needed to prop up the SP from its April lows. For this year whilst we have no specific news I view the following as positive signs that we will all be rather pleased 1 March report stated everything on track 2 Continued recruitment drive would suggest things are on the up 3 No cash call (so far) taking advantage of the increased SP over recent months so would suggest they don't need it 4 India now including DCB for pre-paid accounts since April 5 Amazon may add a peak for June EUS 6 Increased activations (just the ones we know about) but I'm sure there are more although I don't expect to many 7 Increased products available with already activated DCB routes and I suggest many positives not visible are ongoing behind the scenes adding further to EUS and therefore would suggest were on or around the £300m EUS mentioned by Noirgold.