It would be good to get that average as close to 1p as possible whilst I can. Fingers crossed we have some good news before the month end.
Just ticked up to .48 on very little trading activity during the day. I'm tempted to have another top up and go over the 2m shares mark. Is it a little premature with the AGM around the corner? if it goes back below .44 I think I might. It would be get that average as close to 1p as possible whilst I can. Fingers crossed we have some good news before the month end.
And back down to .422 on the news: Beacon Hill hereby announces that the Company has received a notice of exercise by Darwin Strategic Limited ('Darwin'), to convert £200,000 of Darwin's Convertible Loan Note at a gross conversion price of 0.004304p per share. Details of the Convertible Loan Note were announced to the market on 4 October 2013 pursuant to which 46,468,401 ordinary shares (the 'Convertible Shares') now fall to be issued. Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or about 16 June 2014. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,886,943,957 ordinary shares with voting rights. This figure of 1,886,943,957 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The sooner BHR can get these parasites off their backs the better things will be. Shorting has become the norm now on aim stocks and is battering companies share price as we know all too well. There are very little ethics in business and finance these days - a sad reflection on the times we live in. I appreciate us small investors are in this game to make money like everyone, but let's at least have a level playing field. The sooner shorting is banned the better for everyone.
And back down to .422 on the news: Beacon Hill hereby announces that the Company has received a notice of exercise by Darwin Strategic Limited ('Darwin'), to convert £200,000 of Darwin's Convertible Loan Note at a gross conversion price of 0.004304p per share. Details of the Convertible Loan Note were announced to the market on 4 October 2013 pursuant to which 46,468,401 ordinary shares (the 'Convertible Shares') now fall to be issued. Application has been made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or about 16 June 2014. The Shares will rank pari passu in all respects with all existing ordinary shares in the Company. Following admission of the Shares, the Company's enlarged issued share capital will comprise 1,886,943,957 ordinary shares with voting rights. This figure of 1,886,943,957 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Ignore the last post, it included a web link to a short selling article on Herbalife, which is very similar to our position with Darwin.
It's oh so quiet! Un-nervingly so. I hope RK and his merry men have their suitcases packed full of good news for the AGM on the 23rd. I wish I lived a little closer as it would be interesting to attend and hear what has to be said first hand. If past BHR news flows are anything to go by, I'm not convinced they will have everything tied off finance wise before the month end - we do tend to be late on most things. I'm not knocking RK as he really has his work cut out in the current climate and everything seems to be stacked against him since he took over at the helm.
Ignore that last post, Google finance is back to showing the close at .45p. Let's see what we open at in the morning.
Looks like a 10m sale this morning at 8.16 has taken this back down to .4p at the close. There is just no forward momentum with this share whilst all the uncertainty is hanging over us. I was feeling a little more positive this time last week but not today. How frustrating is it being a BHR share holder? Any gains made last week have just re-traced backwards.
Would be nice to think that BHR could do a Leni Gas & Oil at some point in the future. God I hope the BOD can pull this one around and secure the funding through to Tier 1 and beyond. Fingers crossed the AGM on the 23rd is positive with some concrete news. GLA