Blue Star Capital Share Discussion Threads

[smithie6] 22/11/2013 15:08

Scamtastic !

"The Issue Price represents a discount of approximately 52 per cent. to the price of 0.625 pence per Existing Ordinary Share, "

"The original amount of the Loan was GBP400,000 ....entered into on 28 April 2011

As at 30 September 2013, the amount outstanding under the Loan (including interest and repayment premium) was GBP601,832

will accrue interest until the earlier of a) repayment of the Loan or b) the Final Redemption Date at a rate of 2.0% per month"

-----

put in 400k and its then worth 600k 2 years later....due to 24% interest rate

and then you convert it to shares at half the market price

and loan is apparently from vehicles where directors of the co. are involved

and the co. broker declares it as 'fair and reasonable' !!
----

if the co. goes badly...they call in the loan and own EVERYTHING

and if it goes well or OK they convert loan to shares....at 1/2 the mkt price !!

----

PIs getting shafted left right and centre

such companies should not allowed to be listed imo
and imo someone should report them for possibly breaking the COmpany Act 2006 which requires that "directors operate the company for the general benefit of all sharesholders"

AND
'safeguard shareholder assets'



ie. that operating the co. for their own benefit
(loan from themselves to co. at 24% per year
or allowing them to convert loan to shares at half the market price for shares
would be putting shareholder assets into their own pockets

and

hence would be, or is, illegal

----

Scamtastic !

good old AIM

[tomboyb] 22/11/2013 14:28

Nigel Robertson's eseekers already valued at £75million -

Robertson - Shellmeister - Parsons all dealmakers so it will be interesting to see where they can take BLU -

[tomboyb] 22/11/2013 14:10

Apart for the writeoff - valuation is up over £400k - and it is for Disruptive Tech - I think its going to be more about what the new director will bring to the company -

[tomboyb] 22/11/2013 14:04

Very good - a first in a line of steps here

[moreforus] 22/11/2013 13:48

Blue Star's GBP300,000 investment in eSeekers was made in 2007 and its holding in the company was valued at GBP1.121m as at 31 March 2013. Blue Star has been informed that DTL has completed a round of external investment to raise GBP16.0m at a pre-money valuation of GBP75.0m. On the basis of this valuation, Blue Star's holding in DTL would be valued at GBP1.6m.

[tomboyb] 21/11/2013 11:36

Depends how they exploit the gaming sector - online gaming BPTY is in the targets of Google - so it is certainly a sector on the up

[moreforus] 21/11/2013 11:04

BLU is red

no patience some people

3 deal makers and a new broom....

[tomboyb] 21/11/2013 08:45

I agree - I think with the conversion of stock - all were taken up by institutions - Highland Fund Managers which provide seed capital to Nigel Robertson ventures Eseekers -

[errollc] 21/11/2013 08:33

Reckon Gaming will be the focus initially, given Parr's background and the Nektan connection. But BLU is still an investment company, so might be looking at other areas, given the investment criteria has broadened.

[tomboyb] 20/11/2013 20:56

500k dumped at the end of the day - MMs offered 375k buy at 0.635p - so not giving to much away - I don't think MMs have much stock at all so may go to some of the larger shareholders - With conversion of stock at 0.4p the downside is not much but if a deal can be sourced from anyone of the 3 playmakers then that could add a significant uplift in share price

[tomboyb] 20/11/2013 15:21

They have their eseekers stake worth £1.12mill last on the accounts - so I wonder whether that has increase as well. More so it will be about how CEO builds BLU. He has 3 guys there that have done it before which is unusual for a tiddler such as blu.

[moreforus] 20/11/2013 15:20

i can get 100k at 0.594 at tdw before premiums kick in...

[moreforus] 20/11/2013 15:12

wow thats tight!

[tomboyb] 20/11/2013 14:59

Perhaps - it does bring big guns together -

MMs currently offering 50k at 0.618p -

[moreforus] 20/11/2013 14:53

...does that create a super dense ball of shell matter?

[tomboyb] 20/11/2013 14:53

That would effectively bring together Nigel Robertson and Graham Parr -

[errollc] 20/11/2013 14:50

The guy heading Nektan, Matt Sunderland used to work at Probability...

[tomboyb] 20/11/2013 12:38

They have updated their website - which I think they will change in due course -One thing is that they still have a joint broker? Panmure Gordon and Daniel Stewart. I wonder why they have kept both of them -

[tomboyb] 20/11/2013 11:46

Online limits are now 375k at 0.55p - 0.40p is the base for the last conversion and hopefully some of these players at blu can create significant shareholder value - They do have the contacts.

[moreforus] 20/11/2013 11:39

wow thats 4 buys in 2 days...

tdw want 0.55p now....

[tomboyb] 20/11/2013 09:05

On a final note - I think it is also his experience with probability - the online mobile gaming company - BLU has a stake in eseekers which currently holds a few companies including NECKTAN - online gaming by the looks of it.

[tomboyb] 20/11/2013 08:41

He also made a packet starting Arena Lesiure - Which was eventually bought by the Reuben Brothers for £132mill -

[stockologist] 20/11/2013 08:38

Hardly the sort of guy who is going to take this places... apart from maybe sad UK holiday resorts