BNN Technology Share Discussion Threads

[and11] 13/10/2016 15:37

Desperate topaz!!

[topazfrenzy] 13/10/2016 15:09

With a stockmarket crash not far off, even starting, I believe that no Nasdaq listing will be happening whatsoever, my advice is to get out while you can, the next results can only disappoint imo. I see 60p here soon enough.

[someuwin] 13/10/2016 14:27

Summit (LSE:SUMM) did a similar thing when they did a US listing a year or so ago.

Each NASDAQ:SMMT ADR is worth five LSE:SUMM shares.

NASDAQ:SMMT currently $10.5. LSE:SUMM £1.70

We all thought at the time the US listing would send both prices rocketing because NASDAQ loves biotech. It didn't happen that way. If anything the poorly performing AIM shares pulled the US ones back down.

[micktheknife] 13/10/2016 14:13

I'll think it is that simple. Yes there are other requirements you need to pass but meeting min share price is just combination of shares to get there. Liquidity and being tech stock will help price but I can not see Nasdaz on its own pushing price to 3$. Hopefully announcements promised will come.

[and11] 13/10/2016 12:18

Don't think it's that simple just to do a 2 for 1 to achieve mim share prices! There are also requirements for a minimum market cap & other criteria to list on the Nasdaz! IMHO the price will need to drive up to $3+ pre-Nasdaz listing... DYOR as always...

[micktheknife] 13/10/2016 11:43

To get to a minimum Nasdac price of 3 dollar just means 2 or more shares will be added together to form a single ADS as has already been said.

[somnus101] 13/10/2016 11:14

Absolutely Monts. And as the Nasdaq listing is unlikely to be at less than US$3, and as shares will be fungible, this points to a likely minimum price on AIM, at today's exchange rate, of at least £2.50 at the time of Nasdaq listing. All of course IMHO.

[monts12] 13/10/2016 10:58

Mick
Rating is the key word....tech stocks are rated much more highly on Nasdaq compared to gaming/gambling stocks and AIM ratings. Just look at the rating for 500.com, ticker WBAI (it currently has no income due to suspension of online lottery in China)!
BNN's focus towards technology and it's close relationships with official Chinese government agencies will make it a far better proposition than similar stocks and will attract huge buying and increase liquidity both here on AIM and on Nasdaq
aimho

[micktheknife] 13/10/2016 10:29

What is thinking that nazdac will increase share price. If the shares are fungible what will it make any difference?

[charlesdarcy] 13/10/2016 09:49

Someuwin; well done thanks ,

[snowyflake] 12/10/2016 22:52

someuwin - it is all in the public domain or by going to company meetings. trock2 has rightly mentioned 500.com. Google it and go to the bloomberg site for 500.com. See the market cap and divide say by $1.25 to the £ and divide by BNN shares issued of 207 million. That hypothetically should be the share price for BNN when it lists on Nasdaq if the application is successful.

But there is a big difference between 500.com and BNN. 500.com's sole earnings are from the Chinese online lotteries (as far as I am aware) but those on line lotteries are suspended. BNN was reliant on the same but Darren Mercer has remodelled the company and the company has earnings other than from the online lotteries whereas 500.com has lost all but a little of its previous income (as far as I am aware). In fairness though the BNN earnings from the new sources are only now beginning to come through It is now a very different company. What BNN has to do is fit within the Nasdaq requirements. Again those are in the public domain.

Next and this is free to the world google seeking alpha. Put DJIH in the box and you will come across about 3 or 4 articles the most recent towards the end of September- well worth a read imo.

Plenty around for you to research.

[tbrock2] 12/10/2016 18:10

You have to wonder why certain negative posters choose to constantly deramp a particular share. Is it out of the goodness of their hearts, because they can see an Enron? Ha! Logically consider why. Why would anyone with no stake in a share choose to waste their free time warning strangers that they know best. Why not go to the 500.com board and warn investors that they are idiots for buying shares in a company that is trading at 11 times + the share price of BNN, despite no earnings, no contracts, and no projected or iminient earnings and no diversification. Machiavellian to say the least.

[someuwin] 12/10/2016 17:39

You certainly seenm to know this company Snowy - keep the info coming.

[sistercarol] 12/10/2016 17:22

Thank you again Snowflake. I feel very excited about these shares (or maybe wishful thinking) but I have bought for the longer term so trying to ignore the negativity. I won't pretend to understand all the fundamentals but I am learning as I go along. Many thanks for your explanation.

[snowyflake] 12/10/2016 16:39

sister - in essence the shares will be fungible i.e. interchangeable between exchanges. That is the current plan. The sponsor/US broker (who will not be named until after SEC clearance) is aiming to look for a price of 30 times forecast earnings. We hope that there will be a note soon from the company's UK broker Mirabaud which will update forecast earnings for 2016/17/18 and 2019.

The application is unlikely to be made for a week or so yet. Nasdaq have plenty of information available which you can source via google or the equivalent. Many believe that there is further news to come e.g. further director appointments and a deal or two. Those may affect the timing of the application.

You will hear a bit of noise from so called "experts" criticising the company for any delay. GL.

[sistercarol] 12/10/2016 16:14

Thank you Snowflake. I now know what an ADR is. We all have to start somewhere. Tks

[mr roper] 12/10/2016 16:00

here we go...

[snowyflake] 12/10/2016 15:53

The NASDAQ listing will be a secondary issue. ADRs sister.

[sistercarol] 12/10/2016 15:32

As a novice trader and not been involved with Nasdaq before - can anyone explain how this will work on both exchanges ie will the LSE price affect the Nasdaq price and visa versa or do they run separately?

[someuwin] 12/10/2016 15:24

My understanding is that the NASDAQ listing will be in addition to the AIM listing so you won't need to trade over there at all.

[tbrock2] 12/10/2016 15:07

You don't 'need' to move away to a different provider. However, I would recommend Degiro. It will be cheaper than anyone else you could be using and you can trade Nasdaq for 0.50EUR. Don't want to sound like an advert, but no annual fees, can trade more markets and dirt cheap commission.

[digitaltrader79] 12/10/2016 14:40

What is everyone's "gut feel" with BNN's price on a NASDAQ listing? I am sure it will break £3 but lots of negativity around this stock for some reason! Any suggestions welcome....

Also I use SVS and am pretty sure I cannot buy NASDAQ stock on my online a/c - do I need to move away and choose a new provider?

[bad gateway] 12/10/2016 14:04

Not happy not happy at all. Someones taken DJI off my monitor this morning and replaced it with this Dusty BNN.

[genises] 12/10/2016 12:28

Topazfrenzy
You half make me laugh with some of your comments.
Keep it up.Makes my day when you post.lol

[csjcsl2] 12/10/2016 10:22

re dim2602..level 2 working on iii this morning showing 4 trades 8529 volume