Member Info for slowburner

I would think Mr Walsh is having a few sleepless nights knowing he is forced to issue a RNS in the next 2 weeks lol. 2015 results were issued 15th June 2016 so anytime now as I doubt they will leave it until the very last minute like last year although this is RM2 we are talking about, For the results themselves I think we have a good idea and don't expect anything new so it's all down to the 2017 trading update and financing of which he can choose to keep stum.

All this needs is a good trading update in which the EUS is on track and this will fly, if it's ahead of expectations bulkle up and get ready for takeoff

Bango Tipped in the Daily Mail this morning

Very strange trading today, looks like shares being passed between friends at an agreed SP

Another article mentioning RM2 pallets being manufactured in Mexico Not mention of China http://www.ebnonline.com/author.asp?doc_id=282751&section_id=3560&cn=bWVudGlvbg%3D%3D&utm_content=buffer4e3c8&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Shatter The longer we go without fundraising can have 2 outcomes 1 They don't need it yet which would point to the possibility they have made good use of the 160k inventory and that they have an income stream and that production from the new facilities has commenced. 2 They have left it so late the pot is dry and they will be desperate for cash and therefore the fundraising would be at a substantial discount to the SP of today. Silence is not a bad sign, they have said what they are doing and as long as they stick to their plan no need to make further announcements. In fact its the complete opposite in that if they have not executed their plan they should inform the market but then this is RM2 we are talking about Time will tell but we will know either way by the end of the month for sure

Welcome back Simon How was the holiday ?

Noirgold Agree this could be huge and far surpass the capacity of the Bango Platform if activated world wide although not all countries allow for Physical goods via DCB at this time. The Amazon deal has been many years in the development so lets hope we are finally there. I wonder if Bango need to assure Amazon or Google for that matter a capacity going forward for expected growth of each activation. Even taking a % of the Amazon turnover in Japan alone along with the expected doubling of EUS for this year we would start to get close to the Bango proven capacity @ US$2 billion so can we expect the next upgrade soon. I think I recall they stated at the strategy day in January that the next step would be US$3 billion for a small investment sum of £30k. If the H1 results show we are on track for doubling EUS and with this announcement I think our investment is home and hosed I hope this is the start of the tornado they mentioned and I'm not talking about the weather down in Kent which is pretty bad at the moment. I was hoping for a BBQ on my birthday but a bit windy an soggy although you cant win them all. Happy to be wet and soggy with the SP rising although we may see a retrace looking at the volume

Which way now Investing is not that simple, research the numbers and it will give you the answer You maybe surprised

Thank you Bango for my birthday present this morning Great news now watch the EUS and hopefully the SP fly

I doubt we will get any SP action until the trading update 2nd week in July when Bango normally give a trading update unless there is a leak on the EUS progress before hand

sorry guys Link attached this time http://www.eweek.com/cloud/at-t-launches-u.s.-lte-m-network-for-industrial-iot?utm_content=buffer299e3&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Another mention of RM2 by AT & T. My view is that AT & T are no schmucks and would be very unlikely from an internal corporate governance procedure be allowed to be pushing RM2 so hard in relation to their flagship launch of LTE-M Network for Industrial IoT if RM2 were a dead dog. The AT & T LTE-M Network for Industrial IoT is now live across all areas of the US and will be rolled out in Mexico by the end of 2017.

Noirgold Not me, I doubt Its' a well attended AGM, as stated in my previous post last year the AGM appeared to last no more than 22 minutes (unless they started early which would indicate only the directors attended) so hardly worth the trip up to Cambridge from the garden of England especially on a hot day like yesterday when you could sit in a nice beer garden. The only thing that appeared to come out of the AGM last year whilst not directly related was that Ray Anderson, Gerry Tucker and Rachel Elias-Jones purchased some shares 2 days after the AGM with the SP @ £0.48p so it will be interesting if they buy any shares this year with the SP @ £1.27p

don't forget they had an inventory of approx. 160,000 pallets that had already been paid for so any sales of these pallets as suggested would be hard cash in bank and could have raked in aprox 10m Also if Mexico is on track they should have already produced several hundred thousand pallets by now even without the China production Rabbit out of the hat time I hope

So at end August 16 they had US$ 20.4m cash plus what ever they got from the below against a cash burn of US$ 2m per month plus the remaining payment to the Zhenshi US$8.3m. So if Zenshi is up and running and they have had to pay the full 8.3m they would have burnt US$24.3m since September From the Trading Statement September 2016 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. The one-time-costs relating to the transition to China previously estimated at USD 8.8m now amount to USD 9.9m as the Group has decided to upgrade some equipment before commissioning. At the end of August, only USD 1.6m has been paid regarding these one-time-costs. (they need to find USD 8.3M ???) Approximately 92,000 pallets were produced in Canada in the first four months of 2016. As the Group moves toward an outsourced production model, the Group has carefully managed the inventory and the commercial deployment over the first half of 2016. 20,000 pallets have been deployed in the field, taking the total active pool size to 250,000 pallets. The pallet inventory has grown to 160,000 pallets, which will be allocated to future contracts until outsourced production starts in the course of 2017. The revenue generated by the lease activity in the first half of 2016 was USD 2.7m, which almost equals the full year 2015 rental revenue. The Group expects to contract a significant sale of pallets in the last quarter.

So no trading update for the AGM so looks like we will need to wait until mid July as last year or September H1 results Last year the AGM result was issued 22 minutes after the start of the AGM, lets see if they can beat 22mins this year

I clicked on the links on the Bango web site for Click to Buy & Bundles & Resale and whilst I the click to buy gives nothing new I had not seen the Bundles & Resale before which I found interesting Is this new or have I just missed it in the past Rather dull here at the moment, maybe the calm before the storm or should I say tornado lol

ST next column on Tuesday next week followed by the BANGO AGM the following day. Could be an interesting week

Interesting presentation and probably gives more information than we have had to date on what's going on with the tracking system. RM2 presentation starts at 20 minutes in to the video but worth the full watching. Don't get me wrong this is still about pallet production and pallet sales / leasing and Mr Walsh should give us an update asap. You can find it on the RM2 twitter page but I have attached the link https://twitter.com/RM2Pallets?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor