You raise a good point Next, as did Myles in another thread before you. We have been spoilt in the past with posts from Chops and Bjoves on meeting info and this one has been well lacking. Guess those guys missed this one. In fact joves has been MIA for quite some time....so if you are out there joves....come on back here...... we need you........and bring your insight!
Because of this I chased a few shareholders who I thought may have gone to the meeting, and found one. He was gracious with his time, and I took a lot of notes from the conversation.......
Others have commented they 'heard' it was good, without offering much detail, and indeed, it was.
A small meeting, besides the Directors up the front , we had Jodi, 2 tech guys, 2 chaps from the audit firm, company solicitor, and Steve's rather striking PA. Then an eclectic mix of about about 8 or 10 shareholders. No Gavin, but the chap from TI was there. Many shareholders asked questions, but one in particular asked a lot. He had a whole sheet full of them and at the end GB said, "have you got any more". Apparently same bloke asked heaps of questions at the last meeting. So to these folks we are indebted.
But to the substance........Just for you Frankie, since you asked, there is no deal with Disney. Not even talking to them. Same for Netflix. CR said he has good personal connections at Netflix and they do everything in house, and that is unlikely to change.
The only big studio involvement is with Warner, who are connected with IBM and Linius, to format a new industry platform. I mentioned this before and got yelled at, but I new it was right. GB said they have been talking to industry bodies in this regard. (studio industry) Only problem is, it's a long term play, and any movement in this area could still be a year or more away.
The main question asking bandit, hammered them on annoucements that came to nothing.....Newstag....been very slow, (there has been problems with the company head staff and illness, my informant heard later) but they are on it now. The 14.5k in the annual report was income invoiced from Newstag in May. No one asked if it was paid yet!
Media Amp........Done not much........now moved to Kaltura, who are big players in the same space as Brightcove. (OTT Video)
Microsoft Co-sell......very slow.......Microsoft only now training staff for product rollout.
Security....Potentially big upfront cash deals if they can secure one ($1million), but remain elusive. Is being actively pursued however.
Cap Raise....will there be more? GB, said hard to answer, depends on many things, but certainly a possiblilty later in 2020.
There is money, receipts, already in this quarter, so there will be income in this quarters return. Talking 10s of thousands as a ballpark.
Racing.com launch had big response from Bookmakers, they are actively following this up. Also their deal with PCCW is slowed done now because they (PCCW),also do racing and want to include it in the deal. (racing in Hong Kong)
Big hopes for the NBL deal to spread to the NBA, this is also actively being followed up.
A shareholder asked why clients are not becoming shareholders? (if the tech is so good). GB said because it is not their core business. SM said they were, and pointed to Village Roadshow as an example. Steve, then apparently, went on an unscripted critique of the past twelve months, saying mistakes were made. "Too much time was spent chasing big clients and not establishing proof points in the market." Or words to that effect. He went on to say he believes they have now corrected this, and pointed to recent deals. He also later said they have to get the company to key income production without too much more dilution. (do we ever!!!)
Question about Youtube Widget........It is for clients who have their data on Youtube......not been much uptake for it yet. No connection with Youtube the company, or Google. They do everything in house.(Google)
Security question.......Well advanced with US and UK agencies.
A new Director will be appointed shortly, no commentary on who that might be. Someone with a lot of industry and business experience.
The last significant SP rise was caused by a broker (trading house) buying $1 million worth of shares in the last cap raise, then going on market and buying more, lifting the price, then selling the lot. Shareholders said, "don't sell that firm any more shares!" GB said he understood the sentiment, it was undesirable, they didn't know their intentions, but you have to do what you have to do when you need the capital.
Question about competitors......Others can use AI and Algorithyms to achieve some things Linius can do, but only Linius has VVE and it is way more powerful than any competition at the moment.
Cricket is another sport being pursued.
Overall the mood from my informant was with the recent deals and some cash soon appearing, it's onwards and upwards from here.
Sorry about the length of this post..... but hopefully it answers some questions.
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