BNN Technology Share Discussion Threads

[smart solution] 21/4/2017 09:03

Hi Midas -yes PCGE should start moving quickly shortly.

What have you heard?

[desmondd] 21/4/2017 09:01

Vegpatch, a pretty pathetic attempt to knock Harry's credentials. Or maybe you don't understand what the role of a non executive chairman is - suggest you reread RNS to understand what he brings to BNN going forward and how appropriate his appointment is at this stage of company's development. (He has not been hired in an executive role to teach GCSE Latin to the Chinese if that is what was worrying you)

[midas 123] 21/4/2017 08:57

Well I think all the waiting has been worth waiting for, one or two more good announcements, a brokers buy note and this stock will shoot up then the shorts will have to buy to cover their positions, this could go ahead of its all time high very soon !

GLA longs

[mlf51] 21/4/2017 08:56

Haven't got a problem with people making money on the way up or down but I do have a problem with them putting absolute drivel and misinformation on bb's that potentially scares people into selling

[charlesdarcy] 21/4/2017 08:55

Yes agree PC ..
I bought a few at 68p yesterday and am buying again today
Harry will be excellent news for investors in US for Listing late Summer .

I think some strong news from BNN in the next 2-3 weeks will see this stock bounce back to the £1 + level .

[perfect choice] 21/4/2017 08:46

Yes hard to get used to but TP made money when the price going down and now wanting to make money when the price goes up, hard to argue against that. Think the valuation is a bit high though! Harry is a key appointment. The action is about to start.

[charlesdarcy] 21/4/2017 08:41

Crikey Topaz you must be patient with us longs
It will take time to be respectful to your posts

What a fickle business this is .

[perfect choice] 21/4/2017 08:40

I hope that is the larger of the 2 I'm aware of Midas 123, that would really put the fuel in the engine. Feel we could be on the verge of a significant recovery here.

[topazfrenzy] 21/4/2017 08:35

This announcement is a material change, that Nasdaq is indeed going to happen and with it a great deal of interest from investors, pension funds etc, so say a conservative valuation for BNN of $3Billion ... time to get back in IMO, the bottom may have been called, they mean big business by the sounds of it.

[midas 123] 21/4/2017 08:33

Thats what I have heard also smart solution !

[midas 123] 21/4/2017 08:31

Shorts are getting worried with this sort of post from upwego lol

[perfect choice] 21/4/2017 08:30

Now a day trader alert e.g. see previous posts on 5th April.

[smart solution] 21/4/2017 08:30

PCGE today is the day to get in, material news rumoured possibly next week.

[perfect choice] 21/4/2017 08:23

Well things must have turned around, TP has gone long! Harry's appointment underpins the Nasdaq listing really well, game on!

[topazfrenzy] 21/4/2017 08:22

£10 price target after this new appointment!

[topazfrenzy] 21/4/2017 08:21

OK Topaz is back in after the new appointment of Harry! He could turn things round ... and perhaps the reason the IIs piled in for more. GL

[charlesdarcy] 21/4/2017 08:15

Vegpatch ;

From high school teacher to chair of a 200B
Fund is good for me .
Means feet on the ground thinking which perhaps has been missing here on some RNS

This looks like the type of announcements that have been missing for me , finance numbers having had a quick look are about what was felt by the longs on this board .

So that's good hopefully now things will look forward and up .

So well done BNN .

[perfect choice] 21/4/2017 08:07

Blatent shorter alert time.

Spot error in cash post? Loans and borrowing deducted from cash, but only £6M of these are liable in current financial year and rest in next year (£11M in Oct 18 if not extended - see results RNS) so well beyond cash generation stage for BNN. Do actually expect another placing be it for Nasdaq listing (and will be happy to see that anyway) and that will be the last before becoming cash generative unless they want to raise further for a major initiative which is always the case for any company.

Know some very good professionals who support their schools.

Good 2 RNSs today.

[midas 123] 21/4/2017 07:46

Advisory Panel

As we expand into new sectors in China, we intend to develop an Advisory Panel of industry leaders, whose experience will enable BNN to accelerate the execution of its strategy and to capitalise on opportunities in China.

The Advisory Panel will be chaired by Miguel Forbes. Miguel is the former President of Worldwide Development at Forbes Inc, the global media group. He was part of the launch group for Forbes.com in 1996, before leading the expansion of Forbes Media LLC into financial services, education, television, travel and international markets through joint ventures and license agreements.

Further appointments to the Advisory Panel will be made and announced in the coming weeks.

[vegpatch] 21/4/2017 07:44

Desmondd
You ask if I anyone could spin those appointments negatively

Does this info make you feel better about your Chairman (who is a high school teacher...) straight from the CALSTERS website...

Harry M. Keiley
K-12 Classroom Teacher
Chair Harry M. Keiley is a high school teacher with the Santa Monica-Malibu Unified School District, and was elected to the Teachers’ Retirement Board in 2007. He has served as the president of Santa Monica-Malibu Classroom Teachers Association and chair of the California Teachers Association Political Involvement Committee.

Harry Keiley serves on the following committees:

Chair - Investment Committee
V. Chair - Compensation Committee
V. Chair - Investment Subcommittee
Appeals Committee (Alternate)
Audits & Risk Management Committee
Board Governance Committee

[midas 123] 21/4/2017 07:44

Dear me Vegpatch, If BNN found the fountain of youth you would find a negative.

This is just the start for BNN and you shorts will soon get your punishment.

GLA longs!

[vegpatch] 21/4/2017 07:40

Ouch ! Looks like the raise was to avoid a cash crunch
RNS Today
YR end cash balance
£28m unrestricted cash
Restricted balance £14.2
Therefore Gross cash and cash equivalents £42m
Loans and short term borrowing £19.7m
Therefore net cash £22.5m
Minus cash burn if £8m in first 4months
= £14m
Or 7 months of cash at the current run rate
BNN Asa's Hoping for operating profit in H2, but I guess this operating profit was before central costs and ongoing investment needs

Sorry to say it but this is beginning to look suspiciously like An emergency raise

[desmondd] 21/4/2017 07:34

Try spinning those two announcements in a negative way ! Clarification of cash position shows clearly that the the company has quickly learnt to improve its communication and prevent any deliberate misrepresentations of its financial well being. Hard to perpetuate the lie that the company ran out of money at year end, or that it lacked adequate resources for 2017 before the recent placement. Of far greater significance is the appointment of a serious heavyweight as Chairman - a massive vote of confidence in both the company, its vision and its roadmap to a successful NASDAQ listing. Hard to knock this guy's credentials, seems an outstanding capture by the Board.

[vegpatch] 21/4/2017 07:29

New Chairman announced. Harry Keiley, chair of the CALSTERS pension fund investment committee. CALSTERS Is a $200bn pension fund. Looks like he knows what he is doing and will Help the company navigate the NASDAQ a listing.