Bloodhound LSR Thread As Requested...

Bloodhound LSR Thread As Requested...

Author
Discussion

robinessex

11,062 posts

182 months

Thursday 3rd January 2019
quotequote all
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
Well let's hope the bloody thing stays English !!

fatbutt

2,657 posts

265 months

Thursday 3rd January 2019
quotequote all
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
How about a separate build thread? smile

AW111

9,674 posts

134 months

Thursday 3rd January 2019
quotequote all
fatbutt said:
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
How about a separate build thread? smile
yes

robinessex

11,062 posts

182 months

Thursday 3rd January 2019
quotequote all
I'll second that !!

IN51GHT

Original Poster:

8,782 posts

211 months

Thursday 3rd January 2019
quotequote all
fatbutt said:
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
How about a separate build thread? smile
Will see what we are allowed to share, RR own a lot of this project, despite us designing, building & operating it.

tigerkoi

2,927 posts

199 months

Thursday 3rd January 2019
quotequote all
skwdenyer said:
tigerkoi said:
Croutons said:
I'm amazed IP has a value that high, as it was all supposed to be openly published (hence no patent applications). As one senior Army chap told me there "why not? I mean what are you going to do with it [the designs and plans on line at that point], build one yourself?"

Know how seems a little sketchy at that price too, given you'll be paying people who "know how" to do it, or who are going to learn....
You’re nailing the IP point better than I did. You’re right. I’d guess that in all their work FRP would have been unlikely to have had a proper IP lawyer involved to really work out what’s what. So what you’re left with is someone’s vested interest ballooned guesstimate.

No belittling of any actual hands on work that was done, but without patents, as you say, and with an open source attitude to development then not sure there’s even value in any trademarks as it’s not a truly competitive field.

Either way, like the £2.1m, the IP figure is open to scrutiny and was simply a hedge for those running the project to try and get something back.
IP in the accounts (prepared on a going concern basis) is in effect the cost of the production of that IP, less depreciation. It is a way of ensuring that assets go up with expenditure. It only works for so long as the IP in question is likely to have a use (e.g. going for the record) - it is not really related to whether the IP has a value to anyone else.

In a fire sale, however, much of that IP probably has zero value. That's just the way it goes.
Very much agree with your last point - distinction being that we’re solely talking about the Bloodhound scenario on this; i.e. there are stacks of technology M&As that will focus more on an market or income approach to any IP valuation.

It partly goes back to an earlier point as well, that if Warhurst had his noodles in place he shouldn’t have had to pay too much for the concern when you strip away the extraneous stuff on the assets sheet.

tigerkoi

2,927 posts

199 months

Thursday 3rd January 2019
quotequote all
wc98 said:
Hawk1018 said:
tigerkoi said:
smile Very kind words, sir!

I literally can’t argue with that response, and you (and your wife thumbup) may very well be right. After all, many people expend so much energy accumulating as much money as they can, and forget to spend it. We’re a long time dead after all!
AMEN!.....we all die...…..legacy is what we leave behind. 1000mph on land is quite a legacy...……..and I would still have 28 million dollars left to change the world in other ways! Thanks Tiger...….lets root these guys on in 2019!
when the bad news first came out i was saddened by a lot of the comments on this thread. you two have restored some hope there are still people with a supportive attitude toward those willing to do interesting and exciting stuff just because biggrin
Of course! Generally I think people are encouraging of the boundaries, any engineering boundaries, being pushed and forced. It should all add up to a gain for something or someone down the line, however arbitrary speed records are, for instance.

For the cost of the Voyager space mission, you could spend that on the NHS annually or fit out an army with 150 Abrams tanks. Or feed starving kids, less the money diverted to corrupt dictators en route. Everything can argued as to the sanity of necessity of it.

It’s also necessary to pick over the bones of a technological or business failure - you don’t learn otherwise.

But nothing should be done to discourage endeavour.

Just....because... smile

Voldemort

6,157 posts

279 months

Friday 4th January 2019
quotequote all
I see that Noble is also (sole) director of Bloodhound Broadcast Ltd. I wonder who has the TV and film rights to the project? Would they be an 'IP' item for accounting purposes?

tigerkoi

2,927 posts

199 months

Friday 4th January 2019
quotequote all
Voldemort said:
I see that Noble is also (sole) director of Bloodhound Broadcast Ltd. I wonder who has the TV and film rights to the project? Would they be an 'IP' item for accounting purposes?
Not a lawyer but it seems arguable that TV rights as it were could be defined as intellectual property. In the strict definition that any trademarked or copyrighted work occurring from your creation, is. If you get what I mean.

Where Noble might have an issue is having a separate company thinking he has the IP (TV rights) when the “creation” is owned and maybe improved upon by another entity that’s not under his control. Either way, he’d have to purchase it from the entity that’s under liquidation.

I’m sure someone more specialised in the area can work it out, but that’s my understanding.

IN51GHT

Original Poster:

8,782 posts

211 months

Friday 4th January 2019
quotequote all
fatbutt said:
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
How about a separate build thread? smile
https://www.pistonheads.com/gassing/topic.asp?h=0&f=&t=1785605

Storer

5,024 posts

216 months

Friday 4th January 2019
quotequote all
I doubt he would be able to prevent another company/individual from recording and selling video/images of the project.

If he does make life difficult for the new owner, then I can see the project being renamed/rebranded.

IN51GHT

Original Poster:

8,782 posts

211 months

Saturday 5th January 2019
quotequote all
Storer said:
I doubt he would be able to prevent another company/individual from recording and selling video/images of the project.

If he does make life difficult for the new owner, then I can see the project being renamed/rebranded.
Y

I think that may already have happened.

I'm going to say it....I would not be surprised if yhe new owner donates the car to a museum. All Ian has said so far is (to paraphrase) he "wanred to stop it being broken up".

Hawk1018

45 posts

107 months

Saturday 5th January 2019
quotequote all
IN51GHT said:
Y

I think that may already have happened.

I'm going to say it....I would not be surprised if yhe new owner donates the car to a museum. All Ian has said so far is (to paraphrase) he "wanred to stop it being broken up".
He said a bit more than that.....and eluded to the teams plans for the upcoming year...…...this thing is moving forward...……...I feel a lot of shakeups will be announced, but as you said......some dead wood needs to be left behind...…..stay tuned good things are coming …..wink, wink!!!!


fatbutt

2,657 posts

265 months

Saturday 5th January 2019
quotequote all
IN51GHT said:
fatbutt said:
IN51GHT said:
Front page news now......

https://www.rolls-royce.com/
How about a separate build thread? smile
https://www.pistonheads.com/gassing/topic.asp?h=0&f=&t=1785605
So sorry for suggesting it! Two pages so far and its already descended into an argument.

IN51GHT

Original Poster:

8,782 posts

211 months

Monday 7th January 2019
quotequote all
Hawk1018 said:
IN51GHT said:
Y

I think that may already have happened.

I'm going to say it....I would not be surprised if yhe new owner donates the car to a museum. All Ian has said so far is (to paraphrase) he "wanred to stop it being broken up".
He said a bit more than that.....and eluded to the teams plans for the upcoming year...…...this thing is moving forward...……...I feel a lot of shakeups will be announced, but as you said......some dead wood needs to be left behind...…..stay tuned good things are coming …..wink, wink!!!!
I'm assuming you are on the inside of the project too?

Hawk1018

45 posts

107 months

Monday 7th January 2019
quotequote all
IN51GHT said:
I'm assuming you are on the inside of the project too?
Not really.....not so much, just experienced 4th hand hearings of a little bit of what might be going on in the inside......No way to personally verify,......but if true...…...its going to be good. It just looks like it may move forward quickly.....that's all I have heard. We will see.....

IN51GHT

Original Poster:

8,782 posts

211 months

Wednesday 9th January 2019
quotequote all
Hawk1018 said:
IN51GHT said:
I'm assuming you are on the inside of the project too?
Not really.....not so much, just experienced 4th hand hearings of a little bit of what might be going on in the inside......No way to personally verify,......but if true...…...its going to be good. It just looks like it may move forward quickly.....that's all I have heard. We will see.....
I see. Was just curious as this is the only PH thread you have ever commented on & you appeared to have inside knowledge.

AndrewEH1

4,917 posts

154 months

Wednesday 9th January 2019
quotequote all
IN51GHT said:
Hawk1018 said:
IN51GHT said:
I'm assuming you are on the inside of the project too?
Not really.....not so much, just experienced 4th hand hearings of a little bit of what might be going on in the inside......No way to personally verify,......but if true...…...its going to be good. It just looks like it may move forward quickly.....that's all I have heard. We will see.....
I see. Was just curious as this is the only PH thread you have ever commented on & you appeared to have inside knowledge.
God forbid someone else knows something you don't! laugh

IN51GHT

Original Poster:

8,782 posts

211 months

Thursday 10th January 2019
quotequote all
AndrewEH1 said:
IN51GHT said:
Hawk1018 said:
IN51GHT said:
I'm assuming you are on the inside of the project too?
Not really.....not so much, just experienced 4th hand hearings of a little bit of what might be going on in the inside......No way to personally verify,......but if true...…...its going to be good. It just looks like it may move forward quickly.....that's all I have heard. We will see.....
I see. Was just curious as this is the only PH thread you have ever commented on & you appeared to have inside knowledge.
God forbid someone else knows something you don't! laugh
That's not the case at all.

rev-erend

21,421 posts

285 months

Thursday 10th January 2019
quotequote all
Well I guess at the end of the day we all need to wait and see what the new owner intends to do. Here are his choices:

Sell assets: Put car in a museum
Run privately funded project
Seek public / private investors (naturally differently to before)

We should know within about 2 months once he has taken stock. I'm sure he will employ services of 'experts'