Bluebird Merchant Ventures Share Discussion Threads

[digger2779] 20/6/2020 11:42

You best email the company to find out which placements they were attached to as the ones you have mentioned may relate to some other placement. There have been a number of placings with warrants attached which have different conditions attached like this one taken from RNS dated 15/11/2018:-

"In addition to the Private Placement, 11,761,840 warrants at an exercise price of GBP 0.025 with an expiry date of 12 months, were issued. The warrants have an Accelerator, whereby if the share price trades at GBP 0.03 or above for 10 consecutive days, the warrant must be exercised within 10 days or be terminated. Should the warrant be exercised, a further one warrant for every share subscribed for shall be issued with an exercise price of GBP 0.04 with an expiry date of 18 months. If the share price trades at GBP 0.05 or above for 10 consecutive days, the warrant must be exercised within 10 days or be terminated".
Maybe the latest warrants had accelerator conditions like above attached?
Without keeping a log of placements and their conditions it is hard to keep track on whats what.
I don't have the time or inclination for that and am quite happy with my holdings which are in profit.
Let's face it the directors are putting their own cash INTO the company and all we are doing is GAMBLING on the shareprice as none of our money goes directly INTO the company.

[dreamtwister] 20/6/2020 11:15

Bullocks the previous warrants has expired.

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group, today announces that 4,000,000 warrants at 4p expired on 18 June 2019, and a further 2,060,000 warrants expired on 20 June 2019.

[digger2779] 20/6/2020 10:50

The warrants would have been attached to previous placings taken up by the directors. Usual practice in placements.

[dreamtwister] 20/6/2020 10:15

Why set the warrants at a lower price than the trending share price ?

The breakdown of the warrants is set out below:

• 3,385,838 warrants at an exercise price of 2 pence per share;

• 1,500,000 warrants at an exercise price of 2.5 pence per share;

• 1,221,005 warrants at an exercise price of 3 pence per share.

The end of year results is very close to pushing the aim boundry rules,

to inform/update the market & investors.

[dreamtwister] 19/6/2020 20:53

the link below gold is about to rumble,



Thou half of global silver production is accomondated by industry, then it will be

of no suprise when the cogs of industry are back in full production & the increased

demand for silver will push the price of silver to new highs.

[andy] 19/6/2020 09:51

outlaw,

Re your post above,


I totally agree, it did smack of "playing to the gallery", and read as though they were addressing 10 year olds, IMO.


Without specifying a hold period, they can sell tomorrow, and say they "held" them!


I suspect it was all to rally the faithful.

[slicethepie] 18/6/2020 17:09

I would not be exercising options at 3p if I thought there was a chance of funding issues and a subsequent fall ninth sp, I would keep my powder dry. As said they did repay 50k last month suggesting they were comfortable with their cash levels else they would have kept as this was 2 year money.

[andy] 18/6/2020 15:39

annie,


I think you need to re-read the posts, nobody is saying that at all.

[annie1982] 18/6/2020 15:18

First time i have heard someone say it is bad to exercise warrants and then hold the shares. What complete tosh

[dreamtwister] 18/6/2020 14:51

footprints in the sand be cauctious of the beached whale,or you will be shark bait.

andy

the exercising of warrants is a fundamental Dear john Rns.

[andy] 18/6/2020 14:32

slicethepie,


If they are so confident of the 5m before the end of July, why do this now?


There's many a slip 'twixt the cup and the lip............

[digger2779] 18/6/2020 14:12

What are you smoking dreamtwister lol?
Funding is imminent ...that word is business speak for soon but perception of soon/imminent depends on who is saying it. I had an imminent wait that just took 4 months to fruition. Worth the wait though.
Lets just chill. Talking of which the beach beckons 😎

[dreamtwister] 18/6/2020 13:45

So we all agree back to penny land.

[outlawinvestor] 18/6/2020 11:55

Colin Patterson, Charles Barclay and Aidan Bishop remain committed to the future of the Company and have informed the Board that they intend to hold the shares resulting from the Warrant Exercise.

As an aside, I find the above statement bemusing! I'm not really sure why they think it is necessary to spell it out! I can't say I've ever come across such a comment with any other company. Other than playing to the gallery I doubt it actually says anything! So "they intend to hold" - for how long exactly? And if they need to sell tomorrow would that be an illegality?

Perhaps I'm just a cynic but investing is a grown up game - no need for kids gloves. It would make more sense to attach orderly market conditions to the warrants if deemed necessary.

[outlawinvestor] 18/6/2020 11:47

As a follow on comment, it would be great for the company to release up to date data on the directors holdings and holdings above 3%.

The company should also detail the fully diluted capital structure - number of outstanding and exercisable warrants, options and convertible loan notes.

[outlawinvestor] 18/6/2020 11:43

Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group announces that is has received a Notice of Exercise from warrant holders in relation to an exercise of warrants over 6,106,843 common shares ("Common Shares") of no par value in the capital of the company. The proceeds for the Company in relation to the warrant exercise is £141,847.

Warrant exercise is something I eagerly look out for in micro caps gearing up for the next level of their development. Roughly 2/3rds were exercised by PDMRs which is also a good sign - whilst there are a million and one reasons to sell shares there's only one reason to buy them!

[slicethepie] 18/6/2020 11:36

It is obvious and stated that they are tight on cash however they did repay £50k of the £200k last month. The only issue is the 5m, they have stated this will happen before the end of July. I suspect they would not have been able to exercise the warrants if things had changed.

[annie1982] 18/6/2020 11:16

Definitely. Most people will exercise warrants and sell them to bank the profit. They are saying they are holding the shares and not selling. They must be confident.

[dreamtwister] 18/6/2020 10:07

The exercise of warrants is a cash raise,6,106,843 issued to the market "dilution"

The breakdown of the warrants is set out below:

• 3,385,838 warrants at an exercise price of 2 pence per share;

• 1,500,000 warrants at an exercise price of 2.5 pence per share;

• 1,221,005 warrants at an exercise price of 3 pence per share.

the above warants can be exercised when the share price tumbles to the above strike price.

the net value of the warrants is trending @£142Kish divide by four directors at

each strike point.

the increase in the number of shares when exercised will weaken the earnings per

share,plus the new exercised shares are being issued at a discount to the current

market price, if the price of the warrant is lower than the companys net asset per

share then shareholders will also see their holdings dehydrated as the shareprice

is re-priced in to the market.

so the Bod have the option of exercising warrants & shareholders have the option

for a lower entry point.

the big question is related to the equity funding ?

should the s/korean private entity not forward their commitment to the funding

will bluebird ventures issue further placings "dilution" before exercising the

warrants "further dilution" ?

reminder each strike point to exercise warrants is divided by four directors !

[annie1982] 18/6/2020 09:28

Interesting how it says they plan to hold their shares and not sell them. That is positive imho

[andy] 18/6/2020 09:01

HG,

On the 26th March 2020 they announced a £200,000 loan with a fixed term of 5 months, to tide them over until funding.

I wonder how much of that money remains?

At the same time they issued 5 million shares in lieu of payment to a service provider, an indication that funds are tight.

I sincerely doubt the glass is even half full.....

[highly geared] 18/6/2020 08:50

Glass half full v glass half empty...

[andy] 18/6/2020 08:45

Highly geared,


Another way of looking at it is that BMV needed the money, and finance isn't "in the bag", so they needed to exercise those warrants.


I know which I believe.....