Re: What is going on TInker - its very simple - Darren Mercer has behaved just like a typical Chinese businessman - his actions will cause no concerns in China at all and shoudl not impact the dealsPWC will hit the company for a fortune to stand up all the sales figures - that will reduce the company cach position substantiallyThe brokers should be fired immediately - they stink - but only when new brokers are foundMercer must pay back his loans to the company - if any
What is going on Interesting and conflicting views worth looking at on the ADVFN chat for BNN. Personally I cannot make any sense of this situation at all and am glad my exposure is relatively small.
What about the brokers? What about the brokers indeed sirWhy have they been so quiet?What the f+++ are they doing about it?When will suspension be lifted?
Re: well they found the cash! Two things to take heart at One is that the cash is sitll in the bank - or some of it anyways - Reuters reports 25 SEPT 2017, GROUP'S UK BANK ACCOUNTS CONTAINED C.£14.2 MILLION IN CASH AND BANK ACCOUNTS IN HONG KONG CONTAINED C.£6.7 MILLION IN CASHI remember a £25m (?) cash raising round at 80 pence per share - that came just after the price collapsed - showing insider trading - which perhaps is what this latest furore is all about - but getting to the point - £25m raised in spring - £21m left - burning cash at about £1m per month - pretty good actually - on that basis 18 months to turn this thing aroundEspecially in light of the other bit of good news - the HUGE valuation on Nets - The Economist today: "The latest in a flutter of deals in the mobile-payments industry saw a private-equity consortium offer $5.3bn for Nets, a Danish payments-processor that operates throughout the Nordic region. The acquisition is one of the largest private-equity buy-outs....."So 18 months to sell the company on an inflated valuation - come on guys = its got to be worth 80p a share, even after this debacle.
Re: well they found the cash! That's really good news......TBH, I was really fearing the worstLet's hope it all unravels in a very positive manner and we get a re-listing very soon.JC
well they found the cash!
suspension lifted soon wouldn't it be great when the suspension is lifted they appoint some great new blood and this rockets above a quid!!!!!COME ON BNN, help me recoup my losses on range resources!
Re: On a brighter note at least there is no ... It is no surprise that they 've recorded a first half loss of over15 million bucks and then the CEO quits... It's not worth speculating now however when this reopens my guess is that it won't be worth selling what's left unfortunately. I sold a few weeks back at a heavy loss but I'm hoping for those still in the ride isn't t
On a brighter note at least there is no red arrows lol I think this will be sorted quick and restarted. I would love to know what the issue was though I hope it's not financial stuff.
Re: SUSPENDED Clearly a bunch of crooks at the helm !! I am sure this relates to the behaviour prior to the massive placing and the behaviour probably post placing. Insider dealing, fraudulent statements, theft... It could be anything ...My guess is that bnn will never recover from this and it will go down in market history as a massive pump and dump !!!!
Re: SUSPENDED Aye I think anything that has a whiff of 'China' association should be viewed on as a gamble - not an investment - a gamble
SUSPENDED Not looking good!"
Share Price I can only imagine from the share price decline from the 80p recent placing to the current 81p indicates that something is radically wrong with the company of the shorters are having a field day. Does anyone know the current short position?In my view the company needs to inform shareholders of anything that may be driving the price down day after day.
I give up I'm not looking anymore
'Massive' www.michaelwalters.com writes: 'We heard at the annual meeting that there is a massive contract with one of the major telcos. That would be worth £2bn or more. There is no hint as to the name (I have speculated it could be Alibaba or Tencent, but that is probably incorrect). Sadly, the company remains forbidden to reveal the name of this heavyweight partner but it provides another reason why the second half of 2017 should be much, much better than the first half. The shares remain speculative, but this is no time to give up. There ought to be profits in the second half of this year to go some way towards reducing the first half pre-tax loss of £15.4m, but it would be foolish to forecast too much, given the potential impact of timing. The markets are so large that starting even a few weeks late could push significant revenues into 2018. In a report earlier this year, house broker Mirabaud estimated revenues of £95m and pre-tax profits of £24m for 2018, with a substantial advance in 2019. Hold tight.'