BNN Technology Share Discussion Threads

[andy] 24/10/2017 09:24

I see it as a very diplomatically worded RNS personally.


Clearly good news for holders, but they have not addressed the issues that caused the suspension in the first place.


They have not announced any legal action against Scott Kennedy, so it would appear that there was some merit in whatever it was that he alleged.


DM will pay the loan back IMO, how many shares does he have?

[charlesdarcy] 24/10/2017 09:23

Firstly well done Ayesha .
Kite ; apologise to Ayesha for your childish comments .

Well this is far better than I hoped and it might take a year to re- build but at least it's alive

For sure this will list again and perhaps a high profile CEO and this could recover faster than I am stating .

[jarjarbinks] 24/10/2017 09:21

Hopefully not @birotop ! He has a large loan to pay back first!!

[and11] 24/10/2017 09:15

Very positive rns! Looking forward to the announcement of the new CEO, CFO & new board members... hoping at the same time for positive Q3 results dispite the recent delays due to the suspension...news should imho follow soon..

[birotop] 24/10/2017 09:10

Wedding back on?

[dlm2602] 24/10/2017 08:52

Well, i'm mightily encouraged by this last RNS. Having written off my substantial investment in early September I think that there is a real chance that this company could be a sound investment. If we can get a high profile CEO in place who is well respected in the Nasdaq community and additionally beef up the board we could well look back and see this as the turning point in the history of the company. I think moving DM to his new position in the company kills 2 birds with one stone. It allows him to focus on what he does best. It also removes him from control of the financial side of things which should remove many of the concerns potential new (an existing) investors may have.

[wla2510] 24/10/2017 08:49

I agree we’ve been taken for a ride whilst he’s had a lavish lifestyle maybe but disagree Re DMs future role. He will be deal making and he more than any other individual will want this share price to rise so he can make tens of millions. Let’s hope I’m right anyway and he repays the loan on time, only a couple of months before we will know in that one.

[pj 1] 24/10/2017 08:43

chorus1
20 Oct '17 - 22:41 - 8043 of 8115    1   0
I've just reported you to the FCA, PJ1. I don't know whether anything will come of it, probably not, but I don't understand why you think you can make such outrageous comments with no factual evidence to back you up?
================================================================================
I'm shaking in my Boots........what was actually so outrageous please explain. Many it's sour grapes that I have called this better than you (with facts as posted)

[wla2510] 24/10/2017 08:42

Cremated toast

[wetwestwales] 24/10/2017 08:42

Wla: DM isn't CEO any longer. So his job isn't to get share price up. That's now for the new Board. DM out to grass in HK in a made-up role to avoid fallout. New Board 2018. But before then there is the small matter of £500 loan payback. Let's think.....HK made-up job or keep £500k. He still got huge shares to sell at knocked down price on relist. Yet we are the mugs funding globetrotting and sat on our hands for last 7 weeks (and more to come) coz of one man. Think about it...

[frombehind] 24/10/2017 08:40

Not a perfect outcome, but as good as could have been hoped. Highasakite is toast.

[wla2510] 24/10/2017 08:35

Planning to sell 10% of my holding as I need some cash but retaining the rest as this could have a very good future...

[wla2510] 24/10/2017 08:30

Wetwestwales - I think he’ll pay the loan back as it will be a requirement for his ongoing position. Bigger picture for DMis getting the share price up and then he will make many times the value of his loan. All of this appears to have been the II’s sort of out the governance to pave way for NASDAQ listing. Maybe at last we can look forward to that in 2018

[newbie17] 24/10/2017 08:28

Good news ! This re shuffle is likely to make us stronger from a managerial perspective. There is a lot of work yet to be done to improve BNNs image. Some strong new board member announcements will lesson the inevitable share price drop upon re trade. My contact was spot on as were some others. We are certainly not dead in the water so I hope there isn't a flood of sellers, good luck to all still invested here.

[wla2510] 24/10/2017 08:27

I think it could be a month or two before it relists as they want the new appointments in place “The shares remain suspended until the Company has announced its new constituted board and executive management.”

[wetwestwales] 24/10/2017 08:26

That's not the point. 7 week suspension, trade hit, focus lost, reputation damaged. And all because the (ex) CEO had (financial) allegations against him seemingly proven. Nothing else. That's the point. And it's shocking. As for the payback.....£500k to find in 2 months ? No chance. He couldn't find it in Jan so borrowed. Couldn't pay back in July. Now got just 2 months. Think about it. Let's have the full PwC report...Anyway, some good news and renewed hope for the future.

[highasakite] 24/10/2017 08:24

This will not relist anytime soon.

[bossno1] 24/10/2017 08:22

Ayesha4
Well done in getting this right, maybe the board can return to being constructive now and the doomsayers will take flight.

BN1

[simonhaste] 24/10/2017 08:20

when will it re list?

[ayesha4] 24/10/2017 08:13

As I said, one continues in same role and the other in a different role. Business is sound. Contracts are sound. Cash is proven. Q3 has slipped but earnings will improve going forward.

[wetwestwales] 24/10/2017 08:00

So, ex-CFO allegations about (ex) CEO seem to be validated. As predicted, always follow the money. 10 yr 1st class 6* lifestyle on BNN credit card been exposed. Out to grass in HK (and away from harm ?). No more access to the til. No more £350k pa wages, no more £180k bonus, no more £250k+ pa expenses. And as for the £500k loan payback in 2 months.....not a chance. Overall, PwC see nothing wrong with trading nor other execs (good news). So all this suspension has been about (ex) CEO allegations (seemingly proven). Brilliant. Maybe the dog walkers up in Cheshire were right all along.

[squiresquire] 24/10/2017 07:58

highasakite

You have to admit it is delicious meat though.