Audioboom Share Discussion Threads

[mrbear2] 16/2/2023 12:45

Ahh its livened up an otherwise dull day LOL

[mdchand] 16/2/2023 12:43

Overseas offices are nothing more than rental PO box addresses. Anyway, none of this matters. RB (and his chums) are up to something. He could be trying to flush out a bidder, or ramping the price to pay for all his legal fees contesting Mr Candy, or pay for another expensive divorce, or none of the above. I'm happy AB are doing all the right things, in a growing market, and with the US economy starting to motor again, should see accelerated growth again. So happy to hold but amused by today's events.

[mkmmkm1] 16/2/2023 12:25

As a long suffering holder of Boom I was really excited by the posts this morning - but this Eliot Luther are nothing but straw. Dormant accounts, registered address changed last year but website not updated - directors are mum, dad and son. Dissappointingly, hardly the outfit to propel Boom to the next level!

[london07] 16/2/2023 12:09

FUD is truly out lol

Let's see where BOOM is in a month or 2!

PI's not going to drive this up!

I see you don't like to mention there Hong Kong and Singapore offices Lol

[mdchand] 16/2/2023 11:54

As for E&L, its hardly Goldman Sachs. Looks at contact address on the E&L website. The Old Cider Barn, Hatfield House, Hatfield, United Kingdom, WR5 2PZ.

[mdchand] 16/2/2023 11:50

Or, they could be spiking the market to dump some shares. Audioboom havent released an RNS yet, so its clearly not being done with AB's consent. If they were genuinely looking to build a larger position AB why announce it to the market?

[london07] 16/2/2023 11:34

"The Consortium anticipates that the percentage holding it represents WILL INCREASE SIGNIFICANTLY IN THE NEAR TERM with additional members joining and increased shareholding by existing members"

[njb67] 16/2/2023 11:24

My read of the RNS is that they are not necessarily planning to buy shares in the market but seeking existing (and probably significant) shareholders to join their consortium. Representing 20% of the shareholders interests makes them a noisy presence.

[givmesunshine] 16/2/2023 11:12

I suppose this doesnt mean they have bought 10% , only that their consortuin now own 10% - there could have been many more below the 3% "acting" in isolation, so wouldnt be suprised to see this grow to 20% over the coming days as they excute thier plan together

[zb27] 16/2/2023 10:45

E&L is an advisory and proprietary investment firm that makes a difference with a presence in Singapore, UK, Hong Kong and Indonesia. Combining top financial, legal, business and operational expertise, Eliot & Luther specialises in financial restructuring, investments, acquisitions and joint ventures, with a team which has worked successfully on over $30 billion of cross-border transactions primarily in Asia. As a complement to it's general corporate finance and transaction expertise, E&L has a deep subject matter specialism in media and technology investments.

Big Asian investors existing/new want a piece of Audioboom! Let the buying commence.

If any shorts, they are now in big big trouble, this could actually rise way faster than anyone can imagine.

[melegramforttongo] 16/2/2023 10:34

Go master go master go master

Master has put his text in a box and it’s blue .
Master wants you to read his text above everyone else’s because he is the master .

Go master , go master , go master

[london07] 16/2/2023 10:23

Facts are they are going to significantly increase their position in the near term.

With tiny free float, and only 16.2m shares, this will go parabolic.

Sit back, relax, and enjoy the show

[forethought] 16/2/2023 10:16

Oh great. More organised market manipulation.

[mdchand] 16/2/2023 10:14

@Bakerboy - so we can assume this consortium is linked to RB and his fellow chums. I agree about the value gap, but I simply don't believe RB has our best long term shares interests at heart. He would have happily given us Aqua shares which we know now were worthless based on fictitious contracts. Who is to say he wont try his luck again with another bidding vehicle hiding behind a fictitious value?

[legendarybbq] 16/2/2023 10:11

Also other share holders might side with them and they don't have to buy. All the shares.

[london07] 16/2/2023 10:10

Could buy up 29.9%

CURRENTLY (key word) don't intend to buy pass this takeover threshold amount, this could well change. Depends what this consortium wants.

Whichever way you look at it, they going to buy a significant chunk of the free float.

[bakerboy83] 16/2/2023 10:07

@mdchand - the article is here. Joel Hogarth of E&L was/is Bonnier's legal adviser.

[wolveraim] 16/2/2023 09:58

Could be. It is for sure someone who is very short sighted and believes everything he hears and see.

[billthebank] 16/2/2023 09:57

They do not intend to buy more than 29.9%

[london07] 16/2/2023 09:52

After buying 20-25% of the float, the consortium and it's investors may just decide to fully takeover BOOM!!

[welshwiz] 16/2/2023 09:52

Anyone remember QXL ?

[givmesunshine] 16/2/2023 09:44

AUDIOBOOM CONSORTIUM KEY INITIATIVES
The Consortium has formed to promote stockholder value in Audioboom through a commitment
to the following initiatives:
a. Commitment by Consortium members to hold their Audioboom shares for so long as they
remain in the Consortium - an initial period of 30 days, automatically extendable for a
rolling period of 30 days.
b. Prohibition on stock lending and short selling among Consortium members.
c. An open letter to the Audioboom Board requesting a statement from directors that they
and their affiliates will not be involved in stock lending and or short selling and asking any
directors unwilling or unable to make such statement to resign with immediate effect.
d. Requesting the appointment of an independent director to the Audioboom Board with a
view to expanding the strategic and institutional shareholder base of Audioboom and
ensuring the share price reflects fundamentals.
e. Commitment to work with the Audioboom Board to introduce and explore tangible
partnership opportunities which could expand its businesses into under-served nonEnglish language markets, specifically in Asia and Latin America.
E&L plans to commence a formal dialogue with the Audioboom Board and with its CEO on
behalf of the Consortium in due course and present it with concrete options on how to unlock
material value for shareholders in the near, medium and longer term.
For further information please contact us on [e-mail] .

[mrsqueezy] 16/2/2023 09:43

After reading the document it would seem he would be very good for BOOM. Very interesting turn of events here. Maybe all the rumours and speculation were in fact BS.

[legendarybbq] 16/2/2023 09:43

I smell a shorter.