gfp Posted November 4, 2016 Share Posted November 4, 2016 I know someone who founded a platform startup [can't disclose name, but it's now a public company] and seems to be making it work after a decade or so of a tough fight. It is the type of business that absolutely needs scale and revenues are measured in basis points. They ended up getting the scale and staying alive from merging with competitors / almost-competitors to gain scale that way. Several deals. He held on to the CEO role but was diluted a lot in the process. Still a much better outcome than the alternative. It's tough but if it looks like you won't get the scale you need in time, look at mergers to get it. Not sure if there are any stand alone merger partners in this space as I don't know a whole lot about it. Probably too early to know if they will need to get married to make it. I doubt there is no market, but building a platform business is hard. You need scale of buyers and sellers at roughly the same time. Platform businesses are high risk high reward startups. If you succeed you've created a durable moat quality business. But if you don't reach scale, a platfom startup is likely a total loss. Link to comment Share on other sites More sharing options...
Pelagic Posted November 4, 2016 Share Posted November 4, 2016 The other thing with platform businesses is there is a high threshold for establishing trust in the product or service you're offering. It takes a long time for people's attitudes to change from "that's crazy, I'm not paying to ride in some person's own car" to "just call an Uber". Trust in a new product or service takes a lot of legwork by the team involved and creating a great user experience. I tend to think there is a market for what Sequant is offering, it just takes time for new customers to trust in the product they're offering. Every platform's dream is to reach that inflection point where network effects come into play and growth takes off like a rocket ship, whether Sequant gets there or not is yet to be seen but most successful platform companies had a number of lean years before things came together. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted November 10, 2016 Share Posted November 10, 2016 Seems like a tough business to get going, especially as a startup. Needs lots of time and cash. Unfortunately, looks like the stock is reflecting that. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 18, 2016 Share Posted November 18, 2016 Sanjeev, when do you plan on releasing year end results? Link to comment Share on other sites More sharing options...
Parsad Posted November 19, 2016 Share Posted November 19, 2016 Sanjeev, when do you plan on releasing year end results? Normally released towards the end of every January. Cheers! Link to comment Share on other sites More sharing options...
CassiusKing1 Posted December 22, 2016 Share Posted December 22, 2016 Just thinking about the Russell Brewing sale. Would it be conceivable that Sanjeev pulled a Berk/3G type deal and found a partner to work with to take Russell private? Link to comment Share on other sites More sharing options...
ourkid8 Posted December 22, 2016 Share Posted December 22, 2016 Not really. Sanjeev and his partner who traded russell shares for premier really took a hit. The only benefit is due to the stock falling in price, shareholders in premier benefited to the detriment of sanjeev and his partner. Russell management was exploring strategic options for the company. Read the circular that was sent out. I bought a small position in Russell and then doubled down with a book value of $0.055. This has been a great investment and hopefully we get the full $0.085. Just thinking about the Russell Brewing sale. Would it be conceivable that Sanjeev pulled a Berk/3G type deal and found a partner to work with to take Russell private? Link to comment Share on other sites More sharing options...
bizaro86 Posted December 22, 2016 Share Posted December 22, 2016 I would think when Russell was trying to sell their businesses they would have asked Premier if it wanted to outbid the folks who did buy them, so presumably they have had a chance to bid and declined. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted December 23, 2016 Share Posted December 23, 2016 The details of the sale are all laid out in the filings on SEDAR. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted January 4, 2017 Share Posted January 4, 2017 What's everybody's expectations on what the year end results will say? I'm most curious to see what if any traction Sequant Re has found. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted January 4, 2017 Share Posted January 4, 2017 I would love to see some revenue from Sequant Re. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted January 27, 2017 Share Posted January 27, 2017 Only a few more days to go. ...... Link to comment Share on other sites More sharing options...
OracleofCarolina Posted January 27, 2017 Share Posted January 27, 2017 Results came out yesterday.. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted January 27, 2017 Share Posted January 27, 2017 Thanks! Link to comment Share on other sites More sharing options...
ourkid8 Posted January 27, 2017 Share Posted January 27, 2017 I won't be able to read the MD&A until tonight, can anyone post key highlights? (MRI clinic in China, Sequant still burning cash? along with how his equities positions did?) Link to comment Share on other sites More sharing options...
gfp Posted January 27, 2017 Share Posted January 27, 2017 Here are some links to the documents, makes it easier to find: best to get it straight from the source MD&A: http://thecse.com/sites/default/files/investorx/PDH/1701261537393348.pdf Financial statements: http://thecse.com/sites/default/files/investorx/PDH/1701261537256776.pdf Link to comment Share on other sites More sharing options...
racemize Posted January 27, 2017 Share Posted January 27, 2017 Is there a separate letter to shareholders like last year? Link to comment Share on other sites More sharing options...
drzola Posted January 27, 2017 Share Posted January 27, 2017 Ourkid8, I sent you an email with my thoughts/rants on PDh so, keeping in mind this information is already going on 4 months old and what with Regime change ( i.e. Hyper active Trump too date ) who knows anything anymore. Cheers. Link to comment Share on other sites More sharing options...
doc75 Posted January 27, 2017 Share Posted January 27, 2017 I've taken only a quick look, but from what I saw it appeared revs from China essentially went to 0, and no mention of Sequant revenue, just a loss on that investment of approx $180k on the quarter. There were a few words in the MD&A describing difficulties in China and the possibility that the China MRI ops could be disposed if poor conditions persist, and nothing on Sequant. I would certainly appreciate some additional colour on those matters. I have a token position but have been sitting on the sidelines until there's more clarity regarding the underlying businesses. Link to comment Share on other sites More sharing options...
Parsad Posted January 27, 2017 Share Posted January 27, 2017 Is there a separate letter to shareholders like last year? Letter will come out in early February after we have set the AGM date. Cheers! Link to comment Share on other sites More sharing options...
wisdom Posted February 2, 2017 Share Posted February 2, 2017 http://www.marketwired.com/press-release/premier-diversified-holdings-inc-closes-400k-private-placement-cse-pdh-2192025.htm http://www.marketwired.com/press-release/premier-diversified-holdings-inc-announces-share-purchase-cse-pdh-2192448.htm private placement and investment in sequant. Link to comment Share on other sites More sharing options...
benchmark Posted February 2, 2017 Share Posted February 2, 2017 http://www.marketwired.com/press-release/premier-diversified-holdings-inc-closes-400k-private-placement-cse-pdh-2192025.htm http://www.marketwired.com/press-release/premier-diversified-holdings-inc-announces-share-purchase-cse-pdh-2192448.htm private placement and investment in sequant. Is this a dilution? Prasad must have seen great things for SequentRe to continue to put money in -- can't wait to see the annual letter. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted February 2, 2017 Share Posted February 2, 2017 Not really dilution since the price is just the current market price. Link to comment Share on other sites More sharing options...
Partner24 Posted February 2, 2017 Share Posted February 2, 2017 Regarding the letter Sanjeev, I agree with the others that more clarification about what's going one with the underlying businesses would be great. And if possible, what do you think about these businesses. Why did you invested in them in the beginning. It would help us clarify what is your investing framework. Cheers! Link to comment Share on other sites More sharing options...
warrior Posted February 2, 2017 Share Posted February 2, 2017 Regarding the letter Sanjeev, I agree with the others that more clarification about what's going one with the underlying businesses would be great. And if possible, what do you think about these businesses. Why did you invested in them in the beginning. It would help us clarify what is your investing framework. Cheers! +1 I agree with Partner24 and others that more clarity in AL in terms of mid term , long term objectives, would be much appreciated. Link to comment Share on other sites More sharing options...
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