BNN Technology Share Discussion Threads

[pj 1] 21/4/2018 22:18

and11
21 Apr '18 - 22:15 - 10282 of 10282
0 0 0
PJ! You are a child! Rns, statement, published news by the company, call it what you want, but grow up! Pathetic what you trolls are trying to grasp on to.. all I here is, you boys crying that if this does potentially do what is being discussed, then your short positions will be very exposed.
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and11. Really?

You have repeatedly previously posted I had no position?

Secondly, the Company has delisted. How can any news now (positive or negative)expose any short positions?

Please explain.

[and11] 21/4/2018 22:15

PJ! You are a child! Rns, statement, published news by the company, call it what you want, but grow up! Pathetic what you trolls are trying to grasp on to.. all I here is, you boys crying that if this does potentially do what is being discussed, then your short positions will be very exposed.

[pj 1] 21/4/2018 22:10

and11. Where is this RNS you repeatedly claimed last week would be released soon?

Have you actually educated yourself yet what an RNS actually is?

Should you really be advising people, or giving your opinion, if you didn't know what an RNS is or the rules and regulation surrounding it? You repeated several times you were expecting an ''RNS'' shortly

Why was that?

[and11] 21/4/2018 22:10

Sorry Andy your talking utter rubbish...we would all like results but we’ve given the reasons why the company hasn’t! Find something else to moan about...

[highasakite] 21/4/2018 21:56

Mercer is a fraudster.

[andy] 21/4/2018 21:18

and11,

In otherwords, you don't have a lucid answer, so you try (and always fail) to discredit the poster.


I would suggest most shareholders are not happy about results not being released judging by some comments being posted here!



In fact I think you're the only shareholder in any company I've ever known that doesn't want results to be released!


Quite what criteria you use to make investment decisions would be interesting to know if the finacials are not important to you.

[andy] 21/4/2018 21:15

bossno121 Apr '18 - 18:54 - 10274 of 10276 0 1 0

Andy
Because the buyer may not want to disclose the terms of the deal to the market, if a listed company, release of financial results defeat that objective

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Boss,

Releasing BNN's results would not reveal terms of any deal to the market, come on!


If the other company were listed on a stock market, I think they would have to reveal the terms of the deal to that market, under their regulations, wouldn't you?

[and11] 21/4/2018 21:03

A question Andy! Why are you so hung up on the company providing news to us shareholders, as you have no holding? It seems that most of the shareholders are happy with waiting until the company discloses its intentions going forward...chill out Andy, unless you do have a short, then be very scared 😬😬😬

[wetwestwales] 21/4/2018 20:27

Jeez, here we go again with these clowns that are hoping all is not lost and for their money to flow back in at a profit. Who said there was a sale on ? Start from there. There ain’t no sale on. It’s nonsense. No sale, no update, no accounts, no reporting, nothing. It’s a private company ffs. The Directors can do what they want. If DMs pub business ain’t submitted it poxy accounts way beyond the date, why would he submit BNNs and why would he announce figures ahead. He’s a clever, smart, manipulative, one-step-ahead guy. Way to clever for you lot. Probably too clever for his own good. 6+ ccjs against his name (Kite established). He pays no-one. He wont show you lot any financials. It’s his baby and he will do what he wants. Your money is toast. I ask again....who said there was a sale on ?

[bossno1] 21/4/2018 18:54

Andy
Because the buyer may not want to disclose the terms of the deal to the market, if a listed company, release of financial results defeat that objective

BN1

[andy] 21/4/2018 18:07

bossno1,


If an exclusivity deal has been signed, as you suggest it might, why can't they release financial results?


The exclusivity deal protects the buyer whilst DD is being done, and the NDA prevents BNN from naming the buyer, so no problem!


I know someone in the market that agrees with me, and he doesn't think they are prevented from releasing results either, even if a deal is being negotiated.

[bossno1] 21/4/2018 17:51

Andy
I have a large holding in this business and completely understand why the company is not releasing any information. The Chairman has notified shareholders that are in negotiations which may lead to a takeover of the business. If you believe him and they are it follows thay both parties will have entered into an Heads of Agreement which outlines the headline deal terms. A key component of these Heads will be an exclusivity clause giving the buyer sole rights to completing the deal within the terms of the agreement subject to a time constraint with which completion must occur. Normally these exclusivity arrangements include a provision which prohibits the vendor from disclosing publicly any financial or operation details about the company. Consequently the current absence of any information supports the liklihood that a deal is in the offing and should provide some comfort to all shareholders. BN1

[andy] 21/4/2018 17:25

And11,

"numbers were released in June for the last trading year."


----

That's 10 months ago!


I can't believe that as a part owner of the company you're happy at not knowing current trading conditions and the financial state of the company.........


They can report results if they so choose, there are no regulations preventing them from doing that, they are private.....

[bossno1] 21/4/2018 07:44

Guys
If they are in the final stsges of a deal process and trading is going very well then clearly the buyer is not wanting the buying population to know that. Why invite another buyer to the party!!. This is standard desl protocol, NO public announcements. Patience required
BN1

[vegpatch] 21/4/2018 07:32

Yes, and probably faster as most US companies have to report results quarterly.

Your real nightmare scenario is if the US acquirer is also private. I doubt that’s the case if the new chairman knows what he is doing. But you don’t know.

[and11] 21/4/2018 05:22

Thanks for clarification Vegpatch! I wouldn’t of expected to see any financials until this is concluded & as previously mentioned numbers were released in June for the last trading year. Now Vegpatch, if BNN do roll into another business in the US, will BNN’s trading numbers only be reported as part of the enlarged group & under there trading conditions?

[andy] 20/4/2018 23:13

and11,


As vegpatch says they are able to update the owners of the company of current trading, I wouldn't expect them to say anything about ongoing discussions and negotiations though.


When was the last time they informed you, an owner of the company, about trading conditions and financial information?

[vegpatch] 20/4/2018 23:03

And11,
Factually you are 100% incorrect. The company may update shareholders on current trading or with results if they choose. There is nothing preventing from doing so. It’s like when a listed company eg Shire gets an approach from Takeda. They can release results over that period and discuss current trading with shareholders but are prevented from discussing the proposed transaction.

In BNNs case in fact the company has far less regulatory obligations and may prefer not to update shareholders on trading while in discussions. But that is entirely their choice.

I surmise you haven’t worked in financial markets before. Maybe worth doing some research first ?

[and11] 20/4/2018 22:22

PJ! What did you not understand from boss’s message! They can’t say anything. It’s very simple.. you troll boy’s are really grasping a straws at the moment...As non investors just wait & see.if your holding a short! Blimey, unlucky 😅😎😎😎

[pj 1] 20/4/2018 20:15

bossno1. Then why cannot the Company (BNN) update its stakeholders to that effect?

They are fully aware of all concerns and would be easy to do.

Its more like they do not give a damn about any stakeholders outside the circle of the BoD

imo

[bossno1] 20/4/2018 19:05

Andy
I perfectly understand the frustration here but I can reassure you that if they are in an acquisition process it will be conditional that there is radio silence from the compsny on all financial&operational matters. Buyers are paranoid around any announcement during this highly sensitive period. Sit tight and all will be revealed. BN 1

[mlf51] 20/4/2018 18:28

Can they disclose stuff in a NON disclosure period 🤐

[pj 1] 20/4/2018 17:54

Andy- exactly! I wonder why they have not?

[andy] 20/4/2018 17:36

PC,

They could update on current trading though.