Batm Advanced Communicat... Share Discussion Threads

[echoridge] 07/5/2022 18:29

yeah, but most times its just a share price

[pockstones] 07/5/2022 18:20

Sometimes the share price is telling you something

[echoridge] 07/5/2022 15:19

The multiple holiday periods over the 6 weeks that led into the one of the most important product launches in the Company's history almost certainly contributed to distracting senior management away from secondary issues like a share buyback. The other reasonable theories offered to explain the delay like the difficulty of doing a buyback in the Israeli market or even a possible deal in the making, are also possible explanations. The only idea offered so far that I can absolutely guarantee you can rule out, is the suggestion that the CEO of a serious tech company has spent more than a nanosecond delaying a share buyback because he's trying to manoeuvre strategically around a short seller he could give 2 sh*ts about in the first place and that is not even evident in the market anymore. Where do you get this stuff from, gb? sheesh....

[gbenson1] 07/5/2022 12:39

Think Zvi has his poker face on, he realises there are a few shorts and doesn't want to fight them, biding his time until they reach their selling floor, otherwise a waste of a buyback if the Sp continues to fall. All it needs is a good trading update or contract news. Don't believe this thought of Israel markets, holidays, etc, they've had plenty of time to dip into the market, it's just trying to justify a theory, imho

[kooba] 06/5/2022 21:07

Lets agree it's currently not ongoing as there is no evidence they are currently implementing the buyback ..for whatever reason..that is unexplained. And I won't say suspended again!

[echoridge] 06/5/2022 20:55

yeah, I'm full of surprises. Meantime, nothing to disagree on with the buyback. Just delayed bc of Israeli market rule issues, holiday periods, possibly some corporate action work, or some other short-term issue we haven't thought of yet. Just delayed, not suspended.

[kooba] 06/5/2022 20:38

That my well be the case that Ador is indeed worth more this appears an existing investor fundraise , it also appears that some couldn't hold their corner (ie Batm small increase) so no reason to price it up. Howard Shore is a leading investor personally in AdorTimes rich listNet worth: £1bnSource of wealth: FinanceRank on the Rich List: 165= (new entry)He is quite shrewd !

[kooba] 06/5/2022 20:34

You are a gent to see that and reply..well up in my estimation. We'll still disagree on the buy back mind you..if it starts next week I will doff my hat too! Good weekend.

[fse] 06/5/2022 20:33

Kooba is correct on the Ador calculation from the enterprise capital contribution. That’s a decent perspective and more relevant the further back you go prior to any POC taking place. The value of ADOR IP is IMO significantly higher as it progresses plus they are financing in house.

[echoridge] 06/5/2022 20:10

You're absolutely right on the Ador investment calculation, kooba. What a complete boneheaded mistake. Apologies

[kooba] 06/5/2022 19:41

Right i understand the introduction point..but as you can see Shore cap or the majority owner Howard Shore being a major investor and director of ADOR and a major contributor to Conservatives and supporter of Boris could have been problematic to be effecting introductions for Government contracts here ..abroad not so much i guess..who knows. There are it seems many conflicts around Batm and its long standing advisor Shore capital and i do not disagree that if the company saw fit to review its relationships with its advisors that would be sensible.As i have said i suspect the company is currently looking at its listed status and structure..not a great time to float interests out just now..but there could be an idea around taking it private then floating things out as they progress over the next few years...in fact there could be significant money to be made for the backers. I know nothing on this it's all guesswork ..but it is like many other things a possibility.

[kooba] 06/5/2022 19:27

By the way guys your numbers on valuation of Ador on the last funding round are wrong.I make it that the increased interest cost $330,000.See the company was raising $10m and Batm had a 36.7% stake for them to maintain a 36.7% stake they would have have to put in $3.67m to hold their corner..they put in a bit more ie $4m for which they ended up getting .51% increase in their post funding interest in the company.Therefore the extra .51% cost $330,000. That values the business at $64.7m in my book.This is indeed a substantial holding worth $24m on last fundraise..it does not make the holding worth more than the market cap..just a bit shy.

[fse] 06/5/2022 19:21

What troubles me is that for a very long time now I have been suggesting that Telco Systems which is based in the US should be listed on NASDAQ.
Thats where I believe there is a conflict of interests with Shore as how are they going to suggest a NASDAQ listing even if its in the best interest of the company as they are a UK based brokerage.

This was a big yawn "prior" to the Index Fiasco and what might have worked passably back then clearly is not working now.

Kooba I don't live in the UK and I was not talking about the UK government.

[kooba] 06/5/2022 18:06

No wayOwned by Howard and his wife, Puma Brandenburg is now the main vehicle through which he conducts his private investment activities. In February 2019, Puma Brandenburg led a US$30m investment in Ador, a medical device company, of which he is now a director.

[kooba] 06/5/2022 18:04

Sensitive huh?Howard Shore is a prominent supporter of the UK Conservative Party and in 2006 became one of the earliest financial backers of the new leader David Cameron.[14] He is a consistent advocate for lighter regulation of the private sector in the UK and was prominent among the business community in calling for the UK to leave the European Union.[15] In 2019 Conservative Party leadership election, Shore financially backed the then Home Secretary, Sajid Javid, and is now a significant supporter of Prime Minister Boris Johnson.[16]

[kooba] 06/5/2022 17:59

You were hoping to get Batm contracts that would boost the share price of your substantial holding ..i get it..and they wouldn't play ball..shocking isn't it. But in hindsight there has been much negative comment on the procurement process and you introducing to a company you own shares in to a contact in Government procurement might not have looked the best...are you a member of the Tory party by chance?Your comment about pecking order i didn't get..what was that in reference too? As was i was stating the obvious on what..so difficult to follow your train of thought.Anyway I am not trying to say that Shore Capital has done anything to warrant an investigation..thats you that is.I have previously suggested if they guided the company to believe that the index fiasco would blow over that was bad advice and with a lot of notice having no plan B appeared bad advice. Bit different to saying they have ulterior motives and should be looked into or investigated..largely because they didn't want to communicate with you.

[the crypt] 06/5/2022 17:52

Can shore be trusted FSE?

[fse] 06/5/2022 17:38

kooba. Thanks for stating the obvious.
Way further up the pecking order than that.
I was introducing a Government Procurement Minister to BATM Covid solutions and did not want to be seen as working for or representing the company as I was not seeking a commission.
Thats why I contacted Shore to get them to give BATM the heads up and then pass the appropriate contact on to the Minister.
Shore did absolutely nothing and the contact was lost.
Thats annoying and it begs the question what else did they mess up.
Are you trying to say they handled the listing fiasco correctly !

[kooba] 06/5/2022 17:14

"They seem to not only have messed things up but appear to have ulterior motives. I think they should be looked at a lot more carefully."You could contact one of the NEDs to complain i guess?https://www.shorecap.co.uk/about-us/directors/

[kooba] 06/5/2022 16:59

How's the manipulation theory holding up ..i watched closely into the close."Looking at the daily trades there is a pattern, after 3pm ish the AT sell trades come in, the MM lower the bid/offer on no trade volume and we end up with a UT below the bid.Surely this is manipulation, who's behind it? Ennismore are short for a good reason."

[kooba] 06/5/2022 16:57

The already posted why i thought the share price had fallen ...was this what i missed from early?"I am not usually lost for words or any explanation.We have just had an excellent set of results and very strong future guidance with all divisions in profit.Whatever the fall is related to its does not appear to be the company prospects.I posted a list of contributing perfect storm items but this is not cyclical weakness its a collapse."....

[kooba] 06/5/2022 16:45

Nah if you were accurate i said i would not filter you ..but i did say i wouldn't respond..i couldn't resist after reading more conspiracy's that you now think it is all down to the sinister broker ..fabulous!What makes you more suspicious i am intrigued by what goes through your mind.I am merely supposing an MBO could be on the cards , its years of being in the markets, looking at the balance sheet and seeing a very miffed ceo with a large holding ..just guesswork of course, but i think its a possibility. Yes Shore Cap would be aware if there was early stage thoughts and yes it could be why the buy back is current not ongoing even with shareholder support. Many company's and brokers do not converse with private shareholders whatever the huge size of their holding especially in answering questions that one must suspect are not in the public domain. As to contacting the company ..why not contact the company , that would seem smart approach.Anyway the defensiveness is astonishing..but amusing.keep up the good work.

[wizzkid211] 06/5/2022 16:24

SHORE CAPITAL never reply to private share holders, been there myself not only with batm, they dont really care.