Bens Creek Share Discussion Threads

[stocky50] 11/11/2022 22:27

Yep …. And the wrong view. You are so clueless on this point and yet you keep banging on about it ?

The important things ….

Neither MBU or Bluestar have sold
The debt (against which the charge is registered) is not due for at least 1 year - and can be extended
The debt has no margin calls
And there is no risk of default

Focus on Bens Creek !

[seagreen] 11/11/2022 15:42

Soon be time to sit on the benches......and enjoy the 2nd HWM

[papillon] 11/11/2022 14:11

I don't subscribe so can't read the article. It sounds like Winnifroth isn't a fan of Adam Wilson! 🤣

[papillon] 11/11/2022 11:07

Well yesterday's GAP down has been filled this morning.

[purchaseatthetop] 11/11/2022 10:11

Seagreen. The RNS states that MBU Capital is MBU Capital Group Ltd. It defines it as such. MBU Capital Group Ltd is only 2 years old.

MBU Capital Ltd also dealt with Bluestar but MBU Capital Ltd is being struck off with vast debts and having not filed accounts.

So, the RNS should point this out. This is a really inaccurate RNS. It says that they have had a long and successful relationship. What!

[seagreen] 11/11/2022 09:20

Every post Pinocchio makes contains sufficient plausible content to disguise his perpetual lying to support his shorting concert party. Good job someone is here to point out his lies.

[sirmark] 11/11/2022 09:19

Agreed and at least address's the situation and also adds weight to their strategies of remaining invested and supportive long term holders.Looking now for a solid return to 40p in the coming weeks

[blackhorse23] 11/11/2022 08:37

Moved to MCL (LSE) explosive news coming

[aimmafia] 11/11/2022 08:01

Market likes it

[aimmafia] 11/11/2022 07:56

Might of gone ltd in 2020 - but it doesn't mean its only been running since 2020

[danmart2] 11/11/2022 07:55

Desperate RNS ,

This sort of rushed out guff is not helping the business

[jarega85] 11/11/2022 07:45

Company number on the website is 12605280. Companies House says it incorporated in 2020

[bad gateway] 11/11/2022 07:39

Founded in 2013 and headquartered in London, MBU is a privately owned investment firm focussed on natural resources, education, CBD, and real estate. Our strength lies in originating off-market investments in the UK, US, Africa, and Asia.

We are sector specialists, yet opportunistic and flexible in our investment approach. We remain agile and responsive to new opportunities.

[purchaseatthetop] 11/11/2022 07:09

Hysterical RNS. Bleating. I think their entire strategy is defined by what they read here.

It says MBU Capital Group Ltd and Bluestar have had conducted long term successful business relationships for eight years now.

Ummmm. MBU Capital Group Ltd was incorporated on 15/5/2020. Two and a bit years ago.

[purchaseatthetop] 11/11/2022 05:41

Modeller. Of course there are other alternatives to my analysis. I may be completely wrong. But my reading is that Bluestar are a small credit operation based in a house in Ruislip who have another defaulted debt with MBU. They have been finance source for the whole operation to resolve both their and Iqbal problems. I am sure they were very happy early doors as they sold around 18m of their 22m shares that cost 10p at an average of 60p but lenders forget the profits fast and the debt still remains. Infact it is worse as they added at 30p in the last placing. I am sure they thought Adam could repeat the early door trick and pump the price.

The fact that the admission document was written in an unbelievably convoluted way to disclose the secret “other lenders” who would be paid off with 10p shares on admission and that MBU were not the source of funds, means that this was part of the plan to have many millions of shares there not subject to lock-in. It was done for a reason and that was to transfer money from PIs to insiders. Happily I love it when they try to hide things and for your benefit here unravelled the lot.

It is doubtful whether we will ever find out but it has been fun watching and commenting on this most interesting share*



*interesting in the Chinese way.

[the modeller] 10/11/2022 22:11

If Bluestar are a more solvent entity than MBU and a happy holder, your analysis falls over.

[the modeller] 10/11/2022 22:04

Crest is the securities depository that holds the shares for MBU. In the debenture, Bluestar must be the sole named beneficiary in a default event.

[danmart2] 10/11/2022 21:59

purchaseatthetop,
Risk of a mass sell off which will crash the share price?

[purchaseatthetop] 10/11/2022 21:50

Read the actual debenture on MBU Capital Group Ltd at Companies House.
All the BEN shares have already been transferred to a CREST account so that the moment there is a default they can be sold. Then a TR1 must be issued inside 21 days.
Enables all kind of games. Note it took them two weeks to disclose the new debenture that I spotted 11 days ago.

[the modeller] 10/11/2022 21:42

1. If MBU transfer their shares to Bluestar in a default event, that triggers a TR1.

2. If Bluestar subsequently sell these shares to x entities they will have triggered an obligation to complete a TR1 on the sale(s).

[purchaseatthetop] 10/11/2022 21:24

Not quite the two thousand words from Seagreen but still quite a lot.

As I posted earlier it is very easy to work around the 3% TR1 rule. Bluestar could place the 22m shares in three seperate companies each with 7.33m shares and none would be above 3%. Then they could happily sell with no TR1.

Quite funny to see that Seagreen continues to ignore the evidence that the whole thing stinks and blames me for making everything up. Hello.