Announcement via RNS – Oh Dear

  • March 30, 2013 at 12:05 #5748
    Chris
    Keymaster

    I think it depends on the type of account you have and whether you wrap it in an ISA or SIPP. The type I have is just per trade.

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 1, 2013 at 19:29 #5764
    andytvcams
    Participant

    Its not as JSJS are new to all of this they had a home automation business going some years ago with B&Q

    And that went south.

    And yet again its looks as if their servers have gone down so anybody controlling their equipment via Android are out of luck.

    I did consider investing in the company but some background checks suggested that it was not a good risk.

    And if anybody has been involved with Lightwaverf from the beginning like I have will know they don’t exactly have a good track record.

     

    April 1, 2013 at 22:56 #5765
    Chris
    Keymaster

    @andytvcams what business did JSJS have going with B&Q previously?

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 2, 2013 at 00:09 #5766
    andytvcams
    Participant

    JSJS/ were known as Byron who made the HomeEasy range for B&Q

    So they are no strangers to Home Automation.

     

    April 2, 2013 at 01:18 #5767
    gary233932
    Participant

    what is happening at JSJS

    Taken from “Preliminary Results for the Year Ended 30th September 2012”

    “The directors consider that these conditions indicate the existence of material uncertainties which may cast significant doubt over the group’s ability to continue as a going concern.”

    Links to articles

    http://www.investegate.co.uk/article.aspx?id=201303280701180746B

    http://www.investegate.co.uk/article.aspx?id=201303281555191951B

    April 2, 2013 at 08:22 #5769
    Chris
    Keymaster

    JSJS/ were known as Byron who made the HomeEasy range for B&Q

    Not true to my knowledge @andytvcams. CH byron is still going strong. It was behind the Homeeasy range and did contract JSJS designs to assist with the development of some of their products (the ultimate remote and the something else I think, but JSJS were not Homeeasy and were not CH Byron). I believe it was this that got JSJS designs thinking that they could do better and the LightwaveRF product was born.

    Homeeasy was distributed through B&Q, but that agreement did end. Homeeasy is still available through a number of other retailers.

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 2, 2013 at 08:29 #5770
    Chris
    Keymaster

    what is happening at JSJS
    Taken from “Preliminary Results for the Year Ended 30th September 2012″

    “The directors consider that these conditions indicate the existence of material uncertainties which may cast significant doubt over the group’s ability to continue as a going concern.”

    Read in context this statement tells us nothing new. They have made a placing on the stock market of another 175 odd million shares at 0.3p each to raise enough money to bring stock in to the country. Without this money they cannot bring the stock in and in the interests of full disclosure, they will have trouble continuing. No stock = no customers = no revenue. To my knowledge, there are at present no indications that they will have any problems placing the new stock and raising the money required. The share price took a kicking when they announced the new placing, but thats not to be unexpected when the number of the shares in the market almost double over night. Remember, for every seller, there has to be a buyer so while the share price has dropped, people are still buying in.

    *Full disclosure: I personally hold a relatively small amount of JSJS Designs shares*

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 2, 2013 at 09:10 #5771
    Rob
    Participant

    What happens to the Wireless link if the JSJS servers go down? Personally, I don’t care about controlling my setup from the Internet  as there is no two way communication to see the state of items but I do care about being able to set intelligent timers and sequences locally. Without the wifi link this will be impossible. How does it get the time for instance ? And how does it determine dusk/dawn settings – Mine is already wrong with the move to BST.

     

    I’m reluctant to purchase anymore kit if there is a possibility I might lose this functionality….

    Lightwave switches, sockets, PIRs, contact sensors, LED strips & relays. Running on RaspberryPi with Domoticz to incorporate RF temperature sensors & IP cams. Still running WiFi link alongside!

    April 2, 2013 at 12:37 #5774
    rhlangdon
    Participant

    In my view what has been announced is quite clear as is the reason for it. The product I guess is ready but you need capital to place orders with the manufacturers and cover importation. In the past banks readily provided that. Despite what they say they now don’t unless everything is so cast iron that they cannot lose. This is sad for new businesses and new ideas as without the back up from the banks new ideas cannot prosper. Here LightwaveRF are seeking to get the capital in by issuing stock.

    I have been very happy with the product and indeed have just placed an order for more sockets, light switch and other bits and pieces as am about to refit my kitchen. Am also considering buying shares in LightwaveRF, after all I have a vested interest seeing it succeed! I have found the staff at LighwaveRF extremely helpful at every level.

    I can understand concern at what happens if it all goes belly up. That I do not believe is a major concern, the products I have work as will the ones on order. I will still be able to operate them remotely and am sure I have read elsewhere on this forum that there is other software that is compatible with the LightwaveRF product and enables you to operate over the internet. But there is no reason for this not to succeed once the capital is in place but it is annoying that for what is comparatively little for banks to finance they will not do so. That is banks today. They seem more intent in building up more capital than they need and ensuring the bonuses are paid even though losses are being incurred and despite the common question “Why should you have a bonus for doing your job?” Banks today are causing as lot of hardship for small businesses. I am connected to a company having the same problems but in a different field and in this case the security for the bank really is cast iron, but banks are reluctant to lend.

    Once this hurdle is got over for LightwaveRF I suspect the gates will open to lots of new products coming in. I am waiting patiently for the heating controls!

    However, I would have thought the app is done now for the iPhone, and even though it will have provisions to operate equipment that is not yet with us, it would be helpful to have it released now. The current app badly needs the upgrade and we need a better system to alter time settings for switching on and off lights and equipment.

    April 2, 2013 at 12:57 #5775
    James
    Participant

    What happens to the Wireless link if the JSJS servers go down? Personally, I don’t care about controlling my setup from the Internet as there is no two way communication to see the state of items but I do care about being able to set intelligent timers and sequences locally. Without the wifi link this will be impossible. How does it get the time for instance ? And how does it determine dusk/dawn settings – Mine is already wrong with the move to BST. I’m reluctant to purchase anymore kit if there is a possibility I might lose this functionality….

    Rob – Best bet is to unplug your ethernet cable from your link and test its functionality like that. Bare in mind that killing the wifi link wouldn’t prevent the purchase and use of something like an RFXcom, so while there would be an additional cost if they did go offline, it wouldn’t render everything entirely useless.

    April 2, 2013 at 14:58 #5776
    Chris
    Keymaster

    Best bet is to unplug your ethernet cable from your link and test its functionality like that

    If you unplug it completely it won’t work at all! Despite it’s name, it is not actually a Wi-Fi device at all and needs the Ethernet cable to connect to your existing Wi-Fi network infrastructure.

    As for remote access, third party apps for Android already allow you to set an IP address so all you need to do is poke a few holes through your broadband router firewall, set up some sort of Dynamic DNS subscription so you can access your router from anywhere on the Internet and you are good to go. iOS functionality to do the same isn’t around, but neither are third party apps. It wouldn’t take someone long to knock one up though if the inclination was there.

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 2, 2013 at 18:13 #5787
    Rob
    Participant

    I assumed it would still work short term without an Internet connection but what about longer term – where does it get time data from? There is no way to set it locally is there?

    Lightwave switches, sockets, PIRs, contact sensors, LED strips & relays. Running on RaspberryPi with Domoticz to incorporate RF temperature sensors & IP cams. Still running WiFi link alongside!

    April 2, 2013 at 19:31 #5791
    Chris
    Keymaster

    I understand it uses NTP – a standard Internet protocol for setting time. Where it gets it from through I don’t know. It wouldn’t make sense for JSJS to run their own time servers when there are so many maintained elsewhere on the Internet.

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

    April 5, 2013 at 12:22 #5837
    theredmini
    Participant

    I too am considering investing in JSJS, though I think I’ll leave it until after the 18th, as I’m hoping that another 178m shares coming into the market will result in an sp drop and a good buy-in opportunity. I’m not expecting too much mind, the share price is already below the placing price.

    Several have mentioned the possibility of buying JSJS shares in their ISA. I’m afraid that’s not possible with JSJS, as they’re only listed on AIM, which is not eligible for ISA inclusion (unless they’re dual-listed on another exchange).

    Personally, I think that if they can get the new app out ASAP and then use the money raised by the share placing to get the heating controls to market, then with a bit of good publicity, they could really start to shift some kit. They already have a pretty good distribution network, they just need to drum up some interest. I think that’s probably best left until the new app is out, or the clunky old one may put new users off.

    April 5, 2013 at 13:12 #5839
    Chris
    Keymaster

    The announcement of the placing kicked the hell out of the SP. It dropped 50% in a day. Personally I don’t want it to go much lower!

    Chris Mills
    Founder and Editor - LightwaveRF Community
    http://cpmills.com/ https://staging.lightwaverfcommunity.org.uk

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