|Apparently Herald Investment trust (the legendary Katie Potts) had a nibble in the placing, presumably the holding is under 3% though which is a shame.|
|This is the real news of the day ... £40k of stock purchased by a director:
Together with a revitalised sounding RP, I believe the share price is on the verge of a reawakening.|
|Did RP mislead twice in the interview with Justin Waite?
At the end Justin asked him if they were still expecting to be cash flow positive in Q1 2018 (presumably not knowing it has been revised to Q4 2018 - buried towards the bottom of the RNS on 21/3/2017) and RP does not directly answer his question, just talks about the fund raise.
RP says the fund raise will take them through to cash flow positive but by my calculation the Allenby report has them issueing at least another 40m basic shares after the current raise, plus a lot more of what I assume are share options or warrants to get the total dilution expected by 2019.|
|What a lovely tight spread. Only 2.35 to buy , must be time to fill your boots as Google will most likely pay 12 billion for it in a few months. Or wait a while & then be able to buy at say sub 2p|
|Rob Proctor, CEO of BOOM, talks today to Justin Waite on Vox Markets
(Interview starts at 16 minutes 17 seconds)
Just before the end RP says, "The raise that we've just made takes us through to cash flow positive."|
|Rrb, agreed and we'll said.|
|RP stepping down?! What!!!!
As CEOs go (especially AIM) he is a keeper.
He has the balls to change and works very hard.
The opportunity in the US became clear so he cut back UK ops and went for it in the US which playing out well.
SONR acquisition is well worth the investment too.
Just because the share price is not reflecting the true value, and PI are getting impatient, does not make him a bad CEO.|
|hottingup/englishlongbow spare a thought for RP and candy. They have bought several shares well above the current level, including @ 10.4p and 12.5p, and I am sure they expect to get a return.
Rob Proctor CEO bought 650,000 @ 2.98p on 24/3/2016
Nick Candy/Candy Ventures bought 16m @ 3.0p
Nick Candy/Candy Ventures bought 9.17m @ 5.88p
Rob Proctor CEO bought 96,153 @ 10.4p
Robert Proctor CEO bought 320,000 @ 12.5p
Roger Maddock Chairman bought 240,000 @ 12.5p
Rodger Sargent, Non-Executive bought 160,000 @ 12.5p
Simon Cole, Non-Exec. bought 100,000 @ 12.5p|
|On reflection I too feel Proctor should step down as the break even date has been set back too many times, breaking previous assurances and damaging trust. I am also increasingly irritated by his interview style and the Candy shares when surely there were plenty of US institutions who would have been willing to buy in and pay more. If Proctor stays his priority must be to get the share price up to the Allenby 7.5p current valuation this summer, freeze director remunerations until the company is in profit, ensure there are no more cheap placings, no more cheap share options or warrants for the directors, and to talk straight.|
|Boom are now well positioned to lead the podcast charge. Many companies are getting jotters with Brexit being triggered next week but most of Booms revenues are from the UK, US, India, Asia and Australia. All those dollars revenues will be boosted by the weak Pound.|
|Two 1 million buys this morning.|
|RP interviewed today on TipTV
On the money just raised -
"I think what the money allows us to do now is, and you know we certainly went out on the basis it takes us through to cash flow positive....."
Going to become more proactive in public relations.|
|hottingup - you have obviously never run a company!!|
|Roger Maddock (Non-Executive Director) and Nick Candy (Candy Ventures) presumably just invested another £40,000 and £200,000 each at 2.5p because they expect the shares to go up ands its only a matter of time before someone like Sony or Spotify swoop in for the takeover.|
|la la land|
|I only started buying recently. The way I see it is any shares I bought yesterday and in the last few months should tripple in value before the end of 2018 with the liklihood of a takeover on many more multiples there as a bonus. So on that basis its an obvious buy.|
|I feel it is time for Rob Proctor to step down as CEO as I no longer trust him.
I believe he previously said he could have put the company into profit in 2016. This was then set back to early 2017, which last Autumn and Jan 2017 they said would now be Q1 2018. Now we see Allenby suggesting end 2018.
Last year he was also saying in interviews they had enough money to do everything they wanted to do, since when there have been a number of further fund rasings.
I am also concerned about the amount of stock issued to Candy (why so much to one person) and the 20% discount conversion of his loan into stock. Why did they ever issue loan stock when they must have known they would have another placing only a few months later, although I am glad it has been converted rather than left to accumulate interest at 10%.|
|And don't forget those 40m loan note shares announced today, they are converting at 2p.|
|>>bandflex, they are crafty no doubt, but it has to be conditional as they need to get the resolutions passed at the general meeting before they can issue the shares.|
|"have conditionally subscribed" Bit crafty these fella's.|
|lol...further announcement re directors undertaking in the placing...I fancy in reaction to the posts on here!!!
Further to the announcement made earlier today, Audioboom Group plc (AIM:BOOM), the leading spoken word audio on-demand platform, is pleased to announce that Roger Maddock, Non-Executive Director of the Company, and Candy Ventures SARL (an investment vehicle controlled by Nick Candy) have conditionally subscribed for 1,600,000 and 8,000,000 Subscription Shares respectively (a total aggregate amount of GBP40,000 and GBP200,000 respectively at the Issue Price). The participation of Mr Maddock and Candy Ventures SARL is on the same terms as those described in the Company's announcement made earlier today (the "Prior Announcement") and the Circular that will today be posted to shareholders, which is available on the Company's website, www.audioboomplc.com (the "Circular").|
|In fact if they don't take part in the placing they won't have to tell shareholders because they have already said it is not legally binding.|
|Bought more today below the placing price so very pleased. This could 20 bag within twelve months.|
|It seems you won't be told until after you have been sucked in. Not very ethical imo.|
|I was also fortunate enough to be offered the opportunity to participate in the placing but declined. I'm not convinced enough that the company won't turn out to be one of those serial disappointers. Good luck to those who do hold.|