Note to taxman: Big Sofa is now officially bust.

You can now write off 100% of your investment. A kind reader points out that Big Sofa Technologies Group (BST) will not be needing the Adam Reynolds keyboard any more. At least it seems, the most recent filed statement of affairs, that it does not owe its directors any money. Well that is good news. Irony. But as you can see HERE as of 29 February, for the rest of us it is now officially one you can use to offset capital gains and a big fat zero. I drink my own poison on this website, my losses are, I calculate, c£35,000. Just think how many goats I could have bought for that.

Big Sofa - I am writing this one off

Throughout the year Big Sofa (BST) has been telling us that everything was going well with new hires and client wins. Well that was a fecking lie as the circular issued the other day but not received by this shareholder shows. Do I want to put up more cash or be 90% diluted? You know what? I will take the hit and I now write this off mentally as a zero. I apologise to all who have lost money on this one. If its any consolation my personal hit is in excess of £40,000.  I now value this as a zero and indeed rather look forward to Big Sofa spunking this placing and going bust. 

Big Sofa updates we long suffering shareholders

The relatively new CEO at, now delisted, Big Sofa (BST) has updated we long suffering shareholders. Well some of them. Like most of the company's owners I was not sent the newsletter below but someone who was has passed it on. It seems that the last CEO, that bird Kirsty, was all talk just like her predecessor. But Sam Curtis sounds like he is making some progress. Those closer to the action than I am, still talk of a trade sale in 2023 or sooner but I shall believe it when I see it. Sam's views are below.

All change at Big Sofa, I live in hope not faith

There we were, just the other day, being told that Kirsty Fuller was not only the saviour of Big Sofa (BST) but would lead it to new glories and a trade sale next year. Er…no.

Big Sofa April Update

Overall, I suppose, things are going the right way for now delisted Big Sofa (BST) but just a bit more slowly than we might have hpoed. Will we loyal shareholders get a takeover within 18 months? I still hope so. But I am not going to count any chickens just yet. Anyhow as I can't sell my shares I have no choice but to wait. Here is the April update from CEO Kirsty Fuller.

Big Sofa is this Light at the end of the tunnel or another express train heading towards my portfolio

I am asked for where we are with Big Sofa (BST). As you may know, it delisted last April saying PLC costs were not worth it. It then raised £1 million at 3p a share in October so how is it doing?  I hope that it is making its way towards profitability and a trade sale. Just as I hope that Cheryl Cole has something special for me for my birthday next week. But in both cases I think it is sensible to plan for the the outcome not being entirely as one might have wished. Anyhow Big Sofa has sent a missive to some of its shareholders, some folks being more equal than others. So for those of you plebs who did not receive an update on trading, here it is.

Big Sofa - to leave AIM, is it game over? 3 End Games

There are three scenarios here of which one is that Big Sofa (BST) goes bust and we shareholders lose everything. If that happens I will apologise again for a bad tip as I apologise now for what has happened. I am sorry. If it is any consolation, if this goes to zero I am kissing goodbye to £37,000. But that is not a given...

Big Sofa shares suspended after pulled placing- is it game over? I sense no but was there insider dealing?

Tom Winnifrith writes: I apologise for a bad share tip. If it is any consolation if this goes tits up I shall be waiving goodbye to a sum well into five figures. That however is the risk of owning shares. And it is not game over.

Big Sofa (#BST) – shares suspended as unable to close equity raise as planned, “sufficient working capital until May… exploring… options which may include a sale of the business”

Tip of the year update Big Sofa - corporate action on the Streets of San Francisco

I fear that many readers will be too young and will not remember the Streets of San Francisco with Michael Douglas and Karl Malden. Please look it up on google, it was fabulous. But my reference is not to an era when cops could beat a confession out of a suspect rather than spend their working lives undergoing diversity training, but to one of my tips of the year, Big Sofa (BST).

Big Sofa Technologies – R&D tax credit, it all helps…

Big Sofa Technologies (BST) has updated on “R&D and receipt of £250,000 tax credit”…

Big Sofa – ‘global systems partner’ win further evidence of progress: STRONG BUY

Video analytics technologies company Big Sofa (BST) has announced it has been selected as ‘global systems partner’ to “one of the world's largest food and beverage companies” and an “immediate revenue commitment of more than $400,000”…

Big Sofa Technologies – new agreement a further step towards targets, strong buy

Video analytics technologies company Big Sofa* (LSE:BST) has announced a new agreement with Ipsos, with CEO Kirsty Fuller emphasising “this minimum purchase agreement deepens a mutually beneficial partnership. Strengthening our integration with Ipsos is part of Big Sofa Technologies' strategic roadmap which includes the launch of jointly developed products and embedding Big Sofa Technologies in Ipsos' workflows and processes”…

Big Sofa Technologies (#BST) – new annual minimum purchase commitment of $0.3m from Ipsos companies

Big Sofa Interims and Placing: STRONG BUY at up to 4.5p

Okay, another placing from Big Sofa (BST). Cynics and bears can laugh at we shareholders but they will not be having the last laugh. At 3.8-4.2p the stance, at up to 4.5p is STRONG BUY with a target to sell of 6p+ achievable within weeks.

Big Sofa – another service agreement with a US-based global technology company…

A “Service agreement from a global technology company” announcement from Big Sofa Technologies (BST)…

Big Sofa (#BST) – “service agreement from a global technology company… along with an initial commission”

Big Sofa – positive trading update… but haven’t we already heard it quite recently?

Big Sofa Technologies (BST) has updated investors with news including that it “announces H1 revenues of £1.1 million as the business gathers momentum and delivers revenue growth of more than 70% over the same period last year”, “this progress has been achieved on a materially lower cost base compared to 2018” and “we now enter the second half of the year with confidence and momentum… fully expect to deepen the Ipsos relationship further whilst securing new revenue streams with strategic client wins”. Sounds good, but haven’t we already heard this quite recently?...

Big Sofa (#BST) – notes revenue, commissions & cost base progress, enters H2 “with confidence and momentum”

Big Sofa Trading Statement – Recovery full steam ahead

We tipped Big Sofa (BST) just a few weeks ago at a 4p offer. The shares, of which we own a good few, are now 4.5p-5.25p following an upbeat trading statement. But hang on tight as there is far more to come.