Fred555
19 Apr 2018
Re: Glimmer of hope Now Woodford has 68% of the company, he has to lauch take over bid according to the rules.Wonder if he'll take it private and asset strip....
Baffler
13 Apr 2018
Re: Back in Get wise, this was not brought out of the jaws of death without them being 100% confidant of success.Winner winner chicken dinner as they say!
deepsleeves
06 Apr 2018
Re: Back in Good luckAbout a zillion new shares are about to be issued at 1p therefore SP is 1p.This share issue does not actually raise the cash they need to get to a steady state so a repeat is requiredRM2 track record is truelly awfulWoodford would seem to be yesterday's man - current track record not one to be involved with and seems to be willing to throw good money after badBottom line however is that plastic pallet is not new nor is tracking by mobile.Get out on any dead cat bounceOnly my opinionDeep
Baffler
06 Apr 2018
Re: Back in 48I have been buying in here for a few weeks now. My take is that this has been a painful experience for folks both inside and outside of the business. Reputation and credibility damaging from the inside and also add to that financially from both the inside and outside.I was alerted to the existence of RM2 in that disparaging Sunday Times article last year.From that time it appears to me that they have worked tirelessly to right the wrongs and boy does there seem to have been a myriad of wrongs. One could be forgiven for wondering just how such an accomplished management team and investment community could do so badly.My interest was spiked when they changed adviser to Hanson's as it appeared to the outside world that this was a basket case. The fact that Hanson's took them on said that somebody credible believed! My interest increased when they kept delaying what to many of us was the inevitable. Additionally they found enough funds to carry on week after week. I asked myself why? To me the answer was clear enough. They had sorted out their problems and the number of believers was increasing. The winning of that award was another marker, it said the product is credible. The constant referral to a Fortune 500 company and the closeness of securing an order also helped. Then came the cash. Neil Woodward is nobody's fool and like everyone reading this, he and his team make the odd mistake but they are outweighed by solid investments. This in reality in their big picture is chicken feed I suspect and sits in the portfolio as a dot!The next few weeks may well be flat and mundane but I am hopeful that by the third quarter July>September, that the recent injection of confidence will be seen as shrewd and justified. For my sake, I certainly hope soimpo/dyor
46Gillingham
03 Apr 2018
Back in Sold out a couple of years ago, Bought back in today with an initial small purchase 150k of shares.Fingers crossed in a few years may make some returns on it
deepsleeves
30 Mar 2018
Re: ELIoT patent FredOnly technology they could own is the software that captures and manipulates the data sent by the sim from the palletEven that technology is fairly commonplace, think telematics, but I do not know if they have bought this, rent it or have developed it internally. [I would guess at 1 of the first 2]Deep
deepsleeves
30 Mar 2018
Re: ELIoT patent FredOnly technology they could own is the software that captures and manipulates the data sent by the sim from the palletEven that technology is fairly commonplace, think telematics, but I do not know if they have bought this, rent it or have developed it internally. [I would guess at 1 of the first 2]Deep
Fred555
30 Mar 2018
Re: ELIoT patent Exactly my point.....It's nothing really new !But do RM2 own the technology or do they use it under license ?
deepsleeves
29 Mar 2018
Re: ELIoT patent FredA pallet and a sim card are not exactly new technology so I doubt if a licence is required.It is essentially a new application for ,but not so sophisticated as, the tracker systems used by vehicle fleet operators and insurance companies to track vehicles.Deep
Baffler
29 Mar 2018
Re: Something to look forward to at last Deep,Like Woodward, I just went in DEEPer.It is for me a little bit of fun.They are making an effort, Good Luck to them.Baffler.
deepsleeves
29 Mar 2018
Re: Something to look forward to at last Baffler,"Funding the ramp up and ongoing losses means RM2 need something like 18months cash burn or $36M = £25M plus production costs of £10MTo raise £35M means a dilution of 9 for 1 on current shareholders unless they take up rights"Would you believe it - RM2 raising circ $42M and no preemption rights other than a €5 open offerWoodford stumping ANOTHER £20M. Either a true believer or just unwilling to take the loss and move on. Either way I am happy to give both his funds and RM2 a wide berthDeep
Fred555
29 Mar 2018
ELIoT patent Does anybody know if they own the ELIoT technology or do RM2 just have a license or an agreement to purchase the proces/technology, and if so, who does own ELIoT technology, what are the terms of use and duration of the agreement and are their any patent issues ?
Baffler
18 Mar 2018
Tweets from RM2 [link]
Baffler
16 Mar 2018
A pleasing day A pleasing day! for me at least.
Baffler
12 Mar 2018
Re: Something to look forward to at last DeepThanks for the response. Let's re-visit it when we have the facts.Baffler
