BNN Technology Share Discussion Threads

[skin18] 03/12/2024 13:20

MarpleLea, Have you found out anything more into what went on at BNN? Did you ever see the PWC report on BNN? Does Mercer still own his Tingo shares?

[marpleleaf] 03/12/2024 12:59

Hi,
It's Michael from the Business Desk in Manchester. I've heard from someone who saw my message on this board but my reply to the message keeps bouncing back. Just to let you know I am interested in looking further into BNN, Tingo and the other associated ventures.
email same - [e-mail]
Thanks,
Michael

[marmar80] 30/10/2024 21:00

Maybe there is some cash left on the accounts to redistribute?

[perfect choice] 30/10/2024 16:24

No chance getting anything back, this is a complete loss and a bad investment for all those affected. So you should have the write-off opportunity soon.

A liquidator was appointed on the 16th August 2024 following the court wind-up order in May, see companies house filing link below. So patiently waiting that to finally get rid of this sorry state of a company!

[righteousmike] 30/10/2024 14:47

I was hoping to write off as much of the losses as I could during the next tax return.

I’d love to think that there was a remote sniff of a chance of getting a penny back but after many years of disappointment I’m not holding my breath.

I haven’t heard anything. Has anyone else had any news since the company issued dormant accounts and stopped communicating to shareholders?

[credock] 30/10/2024 12:40

Had a message from Interactive Investor. They said they are going to move my BNN shares to a linked trading account for me ?,Does anyone know what this means ? Thought we had gone under ?

[mertles] 07/5/2024 07:29

Reading the winding up order (is on Companies House now), I see the company was neither present nor represented in court. Contact details of the official receiver are listed there. Quick search gives the email address as [e-mail]

[bionictroller] 02/5/2024 14:13

They told me the same

[skin18] 02/5/2024 13:52

I contacted the SFO but they told me that it didnt come under their remit

[bionictroller] 02/5/2024 09:51

I emialed the SFO and FCA years ago about this Mercer scam. They were not interested

[skin18] 02/5/2024 09:45

I think that you are probably right. Investigation needed

[bionictroller] 02/5/2024 09:21

There is no money left believe me

[skin18] 02/5/2024 08:50

The previous chairman told me that they sold the MICT shares for about £1.20 I believe. Hopefully there is some money left there.

[bionictroller] 02/5/2024 08:02

BNN shares are worthless. All the money has been stolen

[drohnen] 02/5/2024 07:50

am a small investor of BNN in Germany. In case of any possible repayment of loss thru Winding-up, where should I get registered. thanks

[skin18] 02/5/2024 07:16

Let’s hope the SFO finally investigates into what’s gone on with BNN.

[mertles] 02/5/2024 03:37

I see there's now a Winding-up Order in The Gazette: www.thegazette.co.uk/notice/4611014

Also, some sort of investigation should take place. From The Gazette: "Once the order is granted, the liquidator (insolvency practitioner or official receiver) will investigate the company and its directors to ensure that the company’s situation wasn’t a result of fraudulent trading, or wrongdoing on the directors’ part. They will look at transactions over the last two to five years, to see if they need to be undone. If there is any evidence of wrongdoing, this will be reported to the Insolvency Service and could lead to a fine and/or director disqualification and compensation order. The directors could also be made personally liable for any debt if a court decides that they acted wrongfully in some way (eg in breach of Companies Act duties, or by paying one creditor in preference to another)."

[genises] 16/4/2024 16:36

Thanks for spending the time.
We will need to write this one off and offset it against any investor taxable future profits.

[skin18] 16/4/2024 11:08

Couldn't prove that I was a shareholder, so didn't discuss. He did say that the debt they are after does go back sometime.

[alzy1] 15/4/2024 18:21

Skin, good luck and would appreciate any success you may have, think I speak for many on here

[skin18] 15/4/2024 12:25

Alzy1, I got a reply asking how many shares I had in BNN. I have not replied yet.

[alzy1] 15/4/2024 11:40

Skin, I too emailed them, got reply today, basically saying that they represent their client, and cannot comment further, other than to seek own solicitors

[genises] 05/4/2024 18:22

If you want to recoup some of your losses DYOR put it in I3e
Dividend yield in the 8-9%
In Profit
Over 1 billion in oil reserves

[genises] 05/4/2024 18:17

Luckily I only invested a few thousand but it’s not the point
No Director should get away with stripping a company of its assets and cash.
Thanks for the 2018 accounts