BNN Technology Share Discussion Threads

[vegpatch] 17/1/2018 23:17

And11 could you explain why you as someone who wants to profit by owning a share, that you regard as undervalued,rising compared to someone who regards a share as over valued and will profit by it falling, are any different?

[and11] 17/1/2018 22:53

Agree Newbie. Utter rubbish being spouted....New group of shorter's sniffing around, waiting for this to re-list & manipulate it...........bunch of vermin

[dennislevine] 17/1/2018 19:42

One thing for sure is the company itself has not out out any "proper data" since joining AIM, just a bunch of puffed up RNS's which suckered a lot of naive punters in. How many actually read the Annual Reports that came out - they were a horror show and would have been a clear signal to stay well clear. We have now found out recently that key contracts related to the Directors bonus were not even reflected in the accounts as apparently no-one knew about them (simply forgetful people at BNN - I don't think so). If more people had been sceptical and considered whether what they were being fed was in any way realistic BNN would have been dead long ago; its dead now but it just hasn't been confirmed in an RNS. The money has been wasted on funding the lifestyles of a few people - the motley collection of Chinese interests is, and probably always was, worthless (the recent filings at UK Companies House have at least confirmed this). One of the few "assets" remaining is the Director loan that Mercer hasn't paid back and is now trying to get out of - this has been a sorry, sad tale for AIM. In this case the rip off has not even been led by Chinese interests but is much closer to home, in Cheshire.

[highasakite] 17/1/2018 19:00

Charles

Could be rat ribs for all you know.

[vegpatch] 17/1/2018 18:31

Fair point

[charlesdarcy] 17/1/2018 18:31

Kite .
What have you been taking this afternoon .
Calm down you nearly put me off my spare ribs tonight 😳

[redhill9] 17/1/2018 18:25

vegpatch, what's the point of guessing when you have no idea? Why not wait until you have some proper data on which to form an opinion?

[vegpatch] 17/1/2018 18:16

Why then am I being "negative" ?

From your point of view maybe, but many on here have hopes for BNN which I feel are unrealistic. 20p would be my guess on resumption, but it depends on how bad current trading is and how much cash is left.

[redhill9] 17/1/2018 18:00

vegpatch, don't be so disingenuous. If you bothered to read my posts you will notice that I wasn't saying the share price on resumption of trading would be above 40p, I was saying that (assuming it does resume) it would be above 0p which is the price I have currently in my spreadsheet.

The share price on resumption will depend entirely on the market's reaction to the operational story that BNN present pre-resumption, the cast of the bod, and how much cash they have remaining. You can guess at 20% below 40p on resumption if you wish, I've no idea what it will be, other than above 0p.

[iveson] 17/1/2018 17:33

Why would Mercer be reappointed as a director of DJI?

[and11] 17/1/2018 17:29

Cheers balance

[vegpatch] 17/1/2018 17:19

re Redhill9

"Anyway, stop being so pompous. I would have thought it obvious I was merely drawing a different perspective to vegpatch's attempt at negativity, showing that an increase or decrease depends on one's point of view"

I am sorry but i feel i very much fall into the rational camp as i tried to explain.

The shares will definitely fall on relisting (if they do) from the suspension price

why

1) We have had some major issues, some investors will cut their losses and run. I can hardly see people desperate to put in new money.
2) It may relist sans Mr Mercer. In which case they are likely to say we are going for a new business model. I think in that scenario the shares fall to the equivalent of the cash on the balance sheet, and probably below
3) I find it very hard to see a how the shareprice rises on relisting in the short term.

My time frame may be shorter than yours, but I feel i am more rational

Happy to accept a wager that the share price is at least 20% below the suspension price at the close 5 trading days after it relists - £100?

[charlesdarcy] 17/1/2018 17:08

Balance .
Thanks for the information .
It is a real mess to say the least if no real business continuing on a day to day then it is curtains here

Can’t believe this is the case and I am still hopeful of a return to the market soon .

But will expect much more meat on the bone from new Chairman and transparency on RNS

[balance1] 17/1/2018 16:55

and11, the Brookfield report was signed off last month and says the loan is still there, so assume it is.

nb suggest you do like the rest of us and just put a filter on kite.

[balance1] 17/1/2018 16:53

CD,

the company still has quite a lot of cash in the bank, and the loan may have a charge over that remaining cash. Clealy Deloitte's thinks it is an issue.

It is clear from the Brookfield report that BNN (DJI)'s orginal investment in the Chinese lottery business has comletely blown up wiht the loss of £27m in investments and debt. It is also looking likely that around £50m has subsequently been squandered in short order on second round of investment ideas in China.

Can we have new manangement please?

[and11] 17/1/2018 16:49

Balance/Charles, l’m sure the loan was paid back during the 2 fund raisings in early 2017... don’t have the time to check back at the moment...

[and11] 17/1/2018 16:47

Raciest comment as usual kite! 🤡🤡🤡🤡

[highasakite] 17/1/2018 16:45

For the avoidance of doubt I do not eat any chinese food either as they often use rat meat.

[andy] 17/1/2018 16:10

redhill,

Ok thanks, I think we actually pretty much agree, we're just expressing it in different ways.

They have stated the cash is there, we will have to see what the accounts state when trading resumes, ad yes that will establish a price at that time.

Apologies accepted, and returned.

[charlesdarcy] 17/1/2018 16:07

Balance .
I agree that this stock is in big time trouble .
But right at this minute any loan notes out their are dead in the water .
But anyone that has loaned will know this and the slightest hope of getting a run for there loan they will be onto it .

I am sure that all loans can be re-written and negotiated and probably with far better terms as right now they are worth ‘ Zero ‘ but possible in two years could get out even perhaps .
Loan notes can always be renegotiated and that is precisely what the new board will need to do as well as the lenders otherwise this is not going to appear on the market again but also a lot of worthless paper for the lenders