BNN Technology Share Discussion Threads

[topazfrenzy] 13/2/2018 14:04

Sorry to see the news here, those crooks all deserve to be in jail.

Check out ZIOC as it could be about to multibag big time, big news about to land, huge. Just a thought.

[ssc85] 13/2/2018 12:36

PJ1: 12:03
"I didn't say they couldn't get a NOMAD without another fundraise, would you invest in a suspended Company?--oh hold on, don't answer that."

PJ1: 10:45
"I believe one of the hurdles in getting a NOMAD was that the Company needs funding in the near term, and II support whilst suspended was poor."

I mean its like you don't read your own posts... and yes, if I was in a large investor getting believable information (a subjective premise I grant) that the fundamentals of a business I was invested in was good but needed some more cash flow to kick on then I certainly would listen to the offer.
---

Anyway, my mistake guys, I engaged. Slow news day at work. I shared my little nugget of info which has been lost and I'll repost. Will back off again now until we have some traction as life is too short to engage with merchants of the plague. They cant affect the price of a suspended company, let them punch themselves out.

"For what its worth, the noises I am getting is that if all goes to plan we'll be renamed for the 3rd (and hopefully final) time and be based in the big apple by way of reverse acquisition... Expecting some dilution early on but hopeful of recovery and growth in the coming months/years. Until things get announced nothing is for certain but all the info I've heard in the last few months has been accurate which suggests the cash pot and contracts strength is in a good place - despite the repeated speculative opinions to the contrary posted above by those in no way involved with the business."

[credock] 13/2/2018 12:32

Thanks for the info Andy.

[andy] 13/2/2018 12:30

Bergsy,


We will have to wait and see the size and share composition of the other company, if there is one.

Many OTCBB companies have a large single shareholder, for example, whereas Amex and NASDAQ companies don't.

[marmar80] 13/2/2018 12:22

Dreaming. Would be nice to wake up tomorrow and see 100p per share offer from some competitor....

[pj 1] 13/2/2018 12:03

ssc85
13 Feb '18 - 11:50 - 9638 of 9638
In isolation!
''- Why would make calls to clarify financial viability of a company that you own no interest in?''-- I didn't seek to establish financial viability. I believe that information is with the Company and anyone in Due Diligence.

- ''Why has your negative commenting activity come back in the last two weeks, around the time the company shows some life again? Got a short to monitor?'' ----I have been concerned (with others) about the viability of this Company since early 2017, as per my posts from then, so I am unsure about your ''2 weeks''. My positions are really none of your Business

- ''What leads you to believe the company was so short of money that they couldn’t get a NOMAD without another fund raise, which had no support from PIIs? Pretty big statement if just your opinion.''-- I didn't say they couldn't get a NOMAD without another fundraise, would you invest in a suspended Company?--oh hold on, don't answer that.

''- Why are you here?''---Its a Bulletin Board. Everyone is entitled to their opinion and to post both sides to any argument. Despite contrary opinion you can learn things from BB's, especially around psychology.

[ssc85] 13/2/2018 11:50

Classic deflection tactic, didn’t respond to any of my points calling you out as a fraudy little wum who is either short and a bit concerned or just out for blood because you’re a sad person. But I’ve come to expect that you from your lot, run in, start some fires then disappear for a few days.
---
With regards to your points. Well done for taking half of a post and quoting in isolation – very Daily Mail of you and frankly quite embarrassing on your behalf:

‘Well certainly not where I thought we'd be a couple of years ago when I started investing but we are where we are and as mentioned a month ago (8866), there is hope to take this over to America by way of acquisition so one last roll of the dice.
I am however certainly not privy to whats going to happen in the next few days, we'll all have to sit back and take what we get and go from there, or lick our wounds and move on! GL to the holders and generally decent human beings.’

So actually I said there is hope of moving the company America but I also caveated that I couldn’t be 100% certain so by way of honesty (you should look it up) I made sure to make clear my info shouldn’t be taken as fact. To reiterate I mentioned NY on the 12th of Jan but of course that post doesn’t support your narrative so wasn’t quoted either. Its only natural that the info coming out tightened up around the deadline date last week, now that has been announced some information is flowing out again.

I stand by the integrity of my comments, do you stand by yours or will you just come back with some other deflection BS:
- Why would make calls to clarify financial viability of a company that you own no interest in?
- Why has your negative commenting activity come back in the last two weeks, around the time the company shows some life again? Got a short to monitor?
- What leads you to believe the company was so short of money that they couldn’t get a NOMAD without another fund raise, which had no support from PIIs? Pretty big statement if just your opinion.
- Why are you here?

[bergsy] 13/2/2018 11:46

If the reverse take over as has been indicated by some, where Bnn swap shares into a US listed company therefore taking over the US listed company and gaining a US listing, shorely the US co. Must have to vote on this, which would indicate for it to be passed that only a few people/ funds own the majority of shares and are warm to the proposal as they have been at the negotiating table for a number of weeks, not only one but 2 companies, maybe bidding against each other. This deal must have the backing of the Bnn institutional shareholders.

[pj 1] 13/2/2018 11:35

Strange you have mentioned BS!!


ssc85 - 08 Feb 2018 - 16:14:40 - 9309 of 9635
BNN Technology plc - BNN


I am however certainly not privy to whats going to happen in the next few days, we'll all have to sit back and take what we get and go from there, or lick our wounds and move on! GL to the holders and generally decent human beings.
===================================================================================
''I am however certainly not privy to whats going to happen in the next few days''


Yet today......

ssc85
13 Feb '18 - 11:03 - 9628 of 9635
For what its worth, the noises I am getting is that if all goes to plan we’ll be renamed for the 3rd (and hopefully final) time and be based in the big apple... Expecting some dilution early on but hopeful of recovery and growth in the coming months/years. Until things get announced nothing is for certain but all the info I’ve heard in the last few months has been accurate which suggests the cash pot and contracts strength is in a good place

So you've gone from ''not being privy'' to ''getting noises and if all goes to Plan'', and everything you have heard (but not posted)has been accurate''??? hhmmmm

''cash pot'' and ''contract strength'' eh? LOB

[charlesdarcy] 13/2/2018 11:28

Yes my holding is with Deutsche Bank and it is showing (0) zero on my account today .

But the the name BNN in bold black font .
Not great BUT I have a far more positive feeling going forward with the hopeful deal in the US .

I agree with PC I think we will get shares back fro our BNN holding and i think we might be of interest to a insurance company in the states but let’s see .

[credock] 13/2/2018 11:17

Thanks for your help everyone. Cheers.

[ssc85] 13/2/2018 11:14

Im calling BS on that one but of course we have no way of knowing the truth. Why would you pick up the phone and start investigating the financials of a company you have no holding in? Are you that bored/desperate to prove yourself right and that other people have lost money on investments? Strange strange individual.

[pj 1] 13/2/2018 11:11

delboy39
13 Feb '18 - 11:04 - 9629 of 9631
0 1 0
PJ
Where did your inside information come from on the reason of the Nomad ?
Or is it just more troll made up lies to make people feel bad about there investment .

Just more fake madeup lies
=====================================================================================
Far from it. I actually pick the phone up and speak to people. I have previously posted who I have spoken to.

[perfect choice] 13/2/2018 11:06

That is my expectation as well dlm2602 although until the deal is announced nothing can be certain. But my take is BNN is gone now as a tradable share in UK markets and with a deal done, BNN assets will be owned by a listed USA company and we will have shares in that USA company. Don't expect the cash option but that is purely my own personal view.

credock your share centre shares in BNN are still there, I guess the share centre remove them form your portfolio as cannot be aligned to a market. I would contact share centre and just confirm their arrangements.

I have some shares held with AJ Bell Youinvest and they are still in my portfolio but are showing in "black font" as cannot be associated with a market. Its just how the different providers show the current situation so I would just contact them. Effectively they are now holding on your behalf shares in what is now a private company. I would expect share centre to be able to trade the USA company shares if this all reaches conclusion as anticipated.

As to value of those shares? Well this BB has had views of between 10 and 60p I believe from other posters. And then there is that RNS statement "a deal which if delivered should greatly enhance shareholder value." Always wary of such statements as I could interpret that to mean "at some time in the future" not immediate, so will have to see what comes out of these negotiations. the fact that there are two companies interested is encouraging and while BNN "as was" is effectively dead, I consider the China transaction engine business model to be of huge potential still (which is why these 2 companies are interested) and IMHO you might as well see how this develops in 2018, if this deal really happens of course!

[ssc85] 13/2/2018 11:05

Correct delboy, 100% BS

[delboy39] 13/2/2018 11:04

PJ
Where did your inside information come from on the reason of the Nomad ?
Or is it just more troll made up lies to make people feel bad about there investment .

Just more fake madeup lies

[ssc85] 13/2/2018 11:03

Credock not sure why you’re seeking advice from the posters (trolls?) who have sat here for months generally aiming to antagonise holders with negative predictions and opinions. These are the very same posters who despite constantly maintaining they have no position have ramped up their activity 10fold in the last few weeks (which to me suggests they may be short all along and *gasp* may not have been 100% truthful on an anonymous message board). The equation is simple, if you legitimately bought shares in BNN you still own shares in BNN. If you have queries, contact the broker you bought them through directly, don’t rely on strangers on a message board!

For what its worth, the noises I am getting is that if all goes to plan we’ll be renamed for the 3rd (and hopefully final) time and be based in the big apple... Expecting some dilution early on but hopeful of recovery and growth in the coming months/years. Until things get announced nothing is for certain but all the info I’ve heard in the last few months has been accurate which suggests the cash pot and contracts strength is in a good place - despite the repeated speculative opinions to the contrary posted above by those in no way involved with the business.

[pj 1] 13/2/2018 10:50

Yes your right. I mis-understood/ mis-read credock's question.

[dlm2602] 13/2/2018 10:47

PJI,

Not sure i follow your logic. If a US company takes over BNN they will either pay for it in cash (i.e 50p for each BNN share), pay for it in shares (i.e 2 BNN shares for 1 USD list company share) or a combination of the above. In either of these cases BNN will be incorporated into the US company and effectively disappear. It would be the individual shareholders of BNN that will own the US shares and not BNN itself.

If the US companies walk away, or BNN cannot agree to a deal, then BNN will remain a private company. The last RNS suggested strongly that a deal would be struck that would be greatly enhance shareholder value i.e higher than 41p as I read it.

Shareholders who still want to be part of the BNN China story would prefer the US shares option rather than cash. It would also (I think!) have CGT benefits as CGT would be deferred until the US shares were sold. I'd imagine this would be the preferred choice for the large investors including DM. If you have had enough of BNN and want to get out as quick as possible the you would sell your new US shares.

[pj 1] 13/2/2018 10:45

No. Not nothing. There is some value somewhere. If that will be realised for Shareholders I have no idea. I'd expect to realise far less than 42p if I were you. It depends how bad the balance sheet is currently, which is unknown. I believe one of the hurdles in getting a NOMAD was that the Company needs funding in the near term, and II support whilst suspended was poor.

[credock] 13/2/2018 10:36

I don't know Andy ? Pj seems to think we will get nothing back .

[andy] 13/2/2018 10:33

credock,

Do the Share Centre trade US stocks?

And if so, do they trade OTCBB stocks?

[pj 1] 13/2/2018 10:14

If it was a listed Company then BNN would probably become a share holder in the Company.

RTO and the funding can be extremely complicated, but It is safe to believe the ticker BNN has disappeared for good, along with most of your Investment imo, so the answer has to be No?

[credock] 13/2/2018 10:08

Hi . I had my BNN shares with the share centre. They have now been taken away off my page with my other shares on. If BNN join up with another company etc will the shares be listed back at the share centre ? . Thanks for any info on this.