BNN Technology Share Discussion Threads

[andy] 12/9/2018 16:36

Diane,


Cheers!

[dianecarberry] 12/9/2018 16:11

Well said Andy.

Up the Cherries !

[dianecarberry] 12/9/2018 15:12

Genesis

Where have I said I am short BNN ?

why is it anybody who is negative is presumed to be short ?

[mlf51] 12/9/2018 14:52

Same here except half in bnn and the other half elsewhere, so won’t be investing anymore until this plays out

[wla2510] 12/9/2018 13:52

Andy- all of my money to invest is in BNN so I can’t participate in arbitrage.

[genises] 12/9/2018 13:35

Would it not be best Diane for you to buy Mict shares still $1.20 to cover your short!!!!

[dlm2602] 12/9/2018 10:56

Andy,

Think of it this way... Assume you own 100 BNN shares. If the deal concludes you will swap your 100 BNN shares for a number of MICT shares (as yet not disclosed). The breakdown of how many MICT shares are swapped for the 3rd party company and how much cash is paid out is unimportant in this example. All you are concerned about is what deal is being offered to you as a BNN shareholder. You hope that that the deal is strongly supported and liked by the market, resulting in a significant rise in the value of MICT and thus your original BNN holding. If you are short, this will be your risk. The spread betting firms will likely do these calculations for you once the deal has been consumated, so rather than being short "X" BNN, it will b "Y" MICT.

[ssc85] 12/9/2018 10:39

You cant currently trade on MICT on major websites like IG or HL from the UK and doubt the US market has picked up on this enough to get excited. I've already messaged both companies to request access to the market as for once I agree with you, current value is excellent.

Also Andy I do enjoy that without any sense of irony you boldly state your 'opinion' of how the shorts should have their position impacted. Then have the gumption to ask for 'evidence' to the contrary to prove your 'opinion' wrong. Shouldn't you really be providing 'evidence' to show that your 'opinion' is right before calling out others?

[andy] 12/9/2018 08:41

wla,


wWell at the moment MICT is trading at US1.20, or around 90p in proper money.


If everyone here is so convinced about the deal, and value of MICT shares after the transaction, why isn't anyone using the arbitrage opportunity to buy MICT whilst it's below their perceived price?

[perfect choice] 12/9/2018 08:16

Just further patience required then wla250, previous posts indicate November was the current expected listing date so trusting that is still the target now and 2 months to go. Fingers crossed still and "back to sleep" time.

[wla2510] 12/9/2018 06:58

8888aaaa- if the deal happens an existing BNN share should be worth more than £1.25 on NASDAQ listing and hopefully will rise to £1.50 - £1.75 in short term. That is my expectation. Deal needs to happen first. I am hearing that it is on track. I’ve no further details to give.

[marmar80] 12/9/2018 00:10

In case we missedHTTps://www.prnewswire.com/news-releases/mict-reports-second-quarter-2018-financial-results-300697459.html

[andy] 12/9/2018 00:03

dlm,


"If for example the agreed deal is 1 MICT share for 1 BNN share then you would effectively swap your short position in BNN for a short position in MICT. The market will value each MICT share based on whether they like or hate the new business combination and that is your risk whether you are long or short."

-------


Although I can see your logic I'm still not convinced this is the way it works.


A shorter would therefore end up in another company, on another market, after a business combination of three companies, and have to pay out on that?


Surely somebody here knows for sure?

[8888aaaa] 11/9/2018 22:19

I bought at 45p a while ago now, so getting anything north of this would be cool. We’re unlikely to get back to £1.70 (or equivalent) in the medium term but I think it will end up ok for holders who bought at say £1 or less. I feel it in my fingers, I feel it in my toes.

[and11] 11/9/2018 13:29

But you do make everything up Carberry/kite & have been suspended before for raciest comments...keep taking the medication...

[dianecarberry] 11/9/2018 13:10

First tiddlywinks and now zionists.

You couldn't make it up with BNN

[perfect choice] 11/9/2018 12:47

Just to be strict, the last announcement from BNN on the 2nd July did not state an exact date for completion. The 90 days is actually buried in the MICT SEC filings and is an "expectation" as I've posted before. So while the expectation means end September its not an obligation and so the date may be later. Basically it will be done when it is done or not.

On the shorts discussion, also note this transaction is a reverse merger to quote where BNN is the acquiring party of MICT. If I was a short holder I would be trying to purchase shares from existing holders if possible to close. Wouldn't want to be closing a short when the merged company gets on Nasdaq if it does. If it doesn't then shorts win IMHO, if it does then they're stuffed IMHO. As I see it, its "all or nothing" for both longs and shorts now.

[dianecarberry] 11/9/2018 12:27

Wouldn't surprise me if the deal was on the rocks as taking far too long.

it stinks but what do you expect from the charlatan Mercer ?

[and11] 11/9/2018 12:15

Newman, I think we’re all frustrated & warn out by the events of the last 12 months with BNN. My understand is that all the parties must follow strict guidelines set out by the SEC in the states. so they pretty much control the role out process, but I do expect to here something by end of September as this is the date set out in the last rns...