We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bnn Technology | BNN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 42.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 42.00 | 42.00 |
| Top Posts |
|---|
Posted at 15/4/2024 13:25 by skin18 Alzy1, I got a reply asking how many shares I had in BNN. I have not replied yet. |
Posted at 05/4/2024 19:22 by genises If you want to recoup some of your losses DYOR put it in I3eDividend yield in the 8-9% In Profit Over 1 billion in oil reserves |
Posted at 04/4/2024 23:24 by genises Here the latest on the fraud .Petitions to Wind Up (Companies) In the HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS IN LEEDS INSOLVENCY AND COMPANIES LIST (ChD) No CR-2024-LDS-000063 of 2024 In the Matter of BNN TECHNOLOGY PLC (Company Number 06624900) (the "Company") and in the Matter of the INSOLVENCY ACT 1986 A Petition to wind-up the above-named Company (registered number 06624900) of PO Box 4385, 06624900 – Companies House Default Address, Cardiff, CF14 8LH (the Company's registered address has changed since the presentation of the Petition – the Company's previous registered address was Mallory House, Goostrey Way, Knutsford, WA16 7GY) presented on 17 January 2024 by STADIUM PARKGATE (HOLDINGS) LIMITED (registered number 05122234) of Welton Grange, Welton, Brough, East Yorkshire, HU15 1NB (the "Petitioner") claiming to be a creditor of the Company will be heard at the High Court of Justice, Business and Property Courts in Leeds, Insolvency and Companies List (ChD), Leeds Combined Court Centre, 1 Oxford Row, Leeds, LS1 3BG. Date: 12 March 2024 Time: 10.00 hours (or as soon thereafter as the Petition can be heard) Any person intending to appear on the hearing of the Petition (whether to support or oppose it) must give notice of intention to do so to the Petitioner or his/its solicitors in accordance with Rule 7.14 of the Insolvency (England and Wales) Rules 2016, SI 2016/1024 by 16.00 hours on 11 March 2024. The Petitioner's solicitor is: Addleshaw Goddard LLP 3 Sovereign Square Sovereign Street LS1 4ER Telephone: 0113 209 2468 E-mail: andrew.bates@addlesh Dated: 2 February 2024 |
Posted at 25/3/2024 08:19 by sundowner2 What’s the latest on Tingo .Has Mercer got brought back into investigation . BNN been left with no accounts update let’s hope everything gets connected as millions went missing in BNN . |
Posted at 14/3/2024 07:58 by sundowner2 The guy orchestrated this thing from start to finish the Nigerian side completely lost control of the scam even for Mercer and he jumped ship .But something still doesn’t add up why Mercer is not being prosecuted and he must of snitched on the Nigeria fraudsters as the FBI always look for the big bosses and not the runners . I still the think his world will collapse with White Prison can be a lonely place especially if you are inside and the rest are living it up . BNN was a fraud no different to Tingo and I keep saying it BNN has not been tidied up is why company is still floating around . |
Posted at 21/2/2024 07:18 by sundowner2 TIO , to be de-listed from market resemblance to the BNN fraud .Lots of questions to come for all involved in TIO just got to get BNN connected |
Posted at 03/2/2024 18:22 by genises Previous Bnn coms4th May 2020 FROM THE CHAIRMAN, MARK HANSON Following the Company’s update on 3 May 2020, I have received questions and requests for clarification from a number of shareholders. I am pleased to share my responses for the benefit of all shareholders. Q. What does the Company continue to own? A. I can confirm that BNN owns all the operations and assets that it did when it entered into the original transaction with Global Fintech Holdings (GFH) and ParagonEx. Prior to then, the Company’s trading activities had been restructured and streamlined in preparation for a corporate transaction or asset sale. To this end, the business comprises three core divisions: Lottery Software and Games - developing new games for the Chinese lottery market. The division presently has two games progressing through the process for regulatory approval. The first, a virtual ice hockey game, is now awaiting final approval from China’s National Sport Lottery. The second, a keno-based game, has been approved at provincial level in Gansu and is also awaiting national approval. Each of these games will replace existing games which have historically generated significant revenues and, once approved, will be rolled out across a number of provinces. Technology and Operating Partner - our proprietary technology supports the official websites of the Beijing Welfare Lottery, Shanghai Welfare Lottery, Guangxi Welfare Lottery, Heilongjiang Sports Lottery and Gansu Sports Lottery. In two of the provinces, we have partnered with a number of large Chinese banks to exchange customer loyalty points for lottery tickets. Self-Service Lottery Terminals – Since 2012, BNN has been at the forefront of developing lottery terminals in China. The Company has delivered several major upgrades in payment systems for the lottery sector, allowing players to purchase tickets on either lottery terminals or their own mobile telephones, as well as printing winning tickets. On 1 July 2019 we announced a nationwide technology, promotion and marketing contract to support the roll out of a leading-edge lottery platform with one of China’s largest retail groups. This opportunity has not been progressed whilst we have been focusing on the completion of the listing, we will now however resume the roll-out whilst we are waiting to complete a new takeover or other corporate transaction. Q. What is the Company’s current strategy for delivering shareholder value A. The Company owns several valuable businesses, contracts, licenses and assets, which the Board is very confident it can realise significant shareholder value from. There are a number of options for us to consider and we have several opportunities to pursue, including takeover deals, as well as business and asset sales and also strategic mergers. As Chairman I am personally leading these discussions and look forward to updating shareholders on progress as soon as is practicable. Q. What are the staffing levels in China A. Following the completion of our streamlining exercise and cost cutting programme in 2018/2019, we now employ 73 staff in China, which support our three core divisions. With our focus on technology and online activities, the Company is highly scalable without the need for a large workforce. Q. What is the status of the audit of the 2019 financial statements A. The audit of the BNN Group accounts for 2019 is currently underway. The audit of the trading subsidiaries would have been completed as part of the GFH audit, had the transaction completed, whereas BNN is now undertaking the audit in its own right. The audit is being conducted in accordance with US GAASs, which are more stringent than IAASs, with the objective of presenting the business on a more compatible basis with potential buyers. We are advised that the process will take longer than would ordinarily have been the case due to the severe impact of COVID-19. We will inform shareholders when the audited financial statements are filed. Q. How has the Company’s cash balance been impacted by the terminated transaction A. As can be seen from the audited accounts at 31st December 2017, which was prior to the announcement on 26th June 2018 of our intention to pursue the deal with GFH and ParagonEx, the Group had £20.7m of cash and £19.5m of current liabilities, of which the latter included £10.8m of bank debt that was repaid in 2018, as well as a convertible loan note of £5.8m. Net cash was therefore relatively low. We alerted our institutional investors, other major investors and their representatives before embarking on the GFH transaction in 2018 that we would incur significant costs if we were to pursue what was a highly complex merger. This was met with their full approval and support, as well as their funding pledges. I appreciate how extremely disappointing it is to all the Company’s investors, as it is to me and my colleagues, that the GFH transaction has terminated, in particular as we were so close to completion. With the world’s financial markets impacted so severely by COVID-19 in February and March 2020, which caused the withdrawal of our cornerstone investor, it simply wasn’t possible to salvage the deal. As mentioned in our announcement of yesterday and also above, we are however confident of securing and completing an alternative transaction, once conditions allow, that will deliver significant shareholder value. I look forward to updating all shareholders on our progress in this endeavour in the coming weeks. ENDS 30th July 2020 FROM THE CHAIRMAN, MARK HANSON Dear Shareholders Further to my previous communications of 3rd and 4th May 2020, as we approach the end of July I am pleased to provide a further update as set out below. As mentioned on 3rd May, despite the very challenging market conditions and economic back drop, we hold a high degree of confidence in relation to achieving some form of corporate transaction that would realise significant shareholder value. We mentioned at the time that we would progress such opportunities as soon as market conditions improved and allowed. Whilst it remains a very challenging environment, especially for any deal requiring new funding, such as ours, we have been able to make meaningful progress with several potential opportunities. The most favourable of the options available to us involve a takeover of the Company’s, business and platforms, including those relating to its lottery business which remains intact, and/or its trading subsidiaries, which would result in BNN shareholders receiving shares listed on a recognised stock exchange. Such deals are expected to give BNN shareholders the opportunity to realise their investment in the future. In terms of timings, the current climate and circumstances makes the process a slower process than it would have been pre COVID, amongst other things in relation to interested parties performing due diligence in China. I can, however, report that meaningful progress is being made and that we hope to complete a transaction during the fourth quarter of the year. At the same time as progressing the potential corporate transactions, the Company’s management team and work force in China is continuing to develop the business and seek opportunities to further enhance shareholder value and make the business more attractive to buyers. In alignment with the interests of shareholders, all management, including myself, are highly motivated and interested to maximise shareholder value and achieve a transaction that gives all shareholders the opportunity to realise such value at some point in the future. Once we have more clarity on our preferred way forward, we will consult with our largest investors/shareholde receive further news over the coming months and we will also convene a General Meeting once we are at the stage of proposing any to shareholders. Whilst writing, we are keen to clarify certain points in response to some of the most frequently asked questions that have been put to us, which are as follows: 1. The Company’s accounts for the year ended 31st December 2019 were filed at Companies House on 30th June 2020 and should be available to download from the Companies House website within the next few days. 2. The Company has retained all of its businesses and trading assets, including all those relating to its lottery business. It has not transferred or sold any businesses or trading assets to GFH or MICT 3. The Company has licensed part of its payment technology to GFH for use in Fintech applications, in return for a licence fee. The Board considered this to be in the Company’s best interests as it generates additional income whilst also strengthening its relationship with GFH and its value as a potential acquisition in the future. The Company retains the right to continue to use the licensed technology in its own business operations and has retained exclusivity over the technology in the lottery sector. 4. The Company sold its holding of 1,363,000 common stock of MICT Inc to GFH on 18 May 2020 for $1,800,000, which equated to a price per share of $1.32 (compared to the share price at the time of $1.15), satisfied part in cash and part in the satisfaction of debt, so as to generate urgently required working capital, which became necessary once its external investment and takeover transaction had fallen through. 5. The current UK operating costs of the Company total less than £100,000 per annum (including Directors’ remuneration). As a Board we are fully committed to controlling costs as tightly as possible. I look forward to updating all shareholders again in due course |
Posted at 31/1/2024 23:03 by genises BNN isn't named as this is a merger which included BNN trading companies under name of Beijing Brookfield. Previous was acquisition agreement including BNNplc and that acquisition agreement has been terminated in favour of this merger (stated on page 3 of current report in SEC filings)No sign of any payment for acquiring Bnn platform What I expect is the companies being wound up. How do we know if the 2017 &2018 account are accurate with what’s been going on at Tingo not as if the auditor is going to go to china |
Posted at 26/1/2024 19:30 by skin18 BNN could not continue to fund the Chinese company, Beijing NewNet, a wholly owned subsidiary (via a complex structure), which was BNN’s main vehicle in China. Consequently, BNN has relinquished any rights over NewNet, which is now owned by Wei Qi and the other Chinese executives. So BNN now has no business in China. Wei Qi reports that the company is making money in the lottery space – quite ironic as the BNN shareholders will derive no benefit from this. |
Posted at 27/12/2023 20:11 by skin18 The company who acted as Company Secretary for BNN resigned from their post, and as BNN used their registered address, they had no choice but to move their register office.It was Gateley who told me that there was no proposed takeover of BNN before they resigned. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
