BNN Technology Share Discussion Threads

[redhill9] 21/9/2018 08:44

Over 150 posts on ADVFN in the last year and every one of them on the BNN thread with the theme throughout of slagging-off Darren Mercer.

Sunshine you have an unhealthy obsession, face up to it.

[wetwestwales] 21/9/2018 08:33

BN1: hey fella, my posts have been factual, relevant, consistent, and informative, for the benefit of all those who have suffered financial losses in this Ponzi scheme. You may not like this reality, you may think is unhelpful to the supposed happenings that might occur, you may think it’s indifference and unharmonious, but that’s your opinion. Don’t shoot the messenger with your diatribe of nitwit wording plucked from a swallowed thesaurus and regurgitated in a mumbo-jumbo format, I have every right to remind investors and non-investors alike the root cause of their predicament and of the abject failure of BNN to make good on their promises, respect towards shareholders, responsibility to run the company properly, and recognise they have others interests to consider. There is absolutely no evidence of any positive news of any description at BNN, just speculation, hope, and missed deadlines. Next news will be bad news, mark my words, and it will always be someone else’s fault.

[bossno1] 21/9/2018 06:50

Www
We have a public company in the US filing documents to the market about a proposed transaction with BNN. That is reality, not your continued cognitive dissonance coupled with your abject insouciance towards the truth. Your prejudice is clouding all the norms of judgement which apply in this instance. You see the world through a prism of confirmation bias where all actions are interpreted in favour of your distorted views.
Have a nice day!.

BN1

[wetwestwales] 21/9/2018 05:38

and11: just reminding you of reality. No share value, no trading update, no loan repayment report, no pwc report, no AIM, no questions answered, no tangible news, no merger, no sale, no accounts. Now, let’s look at what we do have: speculation, hope, guessing, no idea. Just a reality check......

[and11] 21/9/2018 00:51

Stalker alert! Oh know....not again...

[wetwestwales] 20/9/2018 21:28

It’s been a busy few months in the new car sales industry, margins tight, tho sales are up. Been casting an eye on BNN and various posts. Skin, Creddock, Andy etc.....all brassed off about losing their money or inability to trade, plus the lack of info from BNN. Understand the main man at BNN and that will answer your questions: he is a self-centred halfwit with big ideas and small capabilities. Champagne lifestyle lemonade pockets. He has never had a business that has made a penny piece profit. He is a latter-day Maydoff. Your money is his money, bring it in on a tale of hope, so he can live a lifestyle of a plastic millionaire. A Ponzi scheme. BNN might be his one and only payday. There have been plenty before that have gone to dust. You guys are knee-deep in. He has no concept of your circumstances and isn’t interested. He has no skill and no acumen. It’s money money money to fund his over-inflated lifestyle that counts. No accounts, no pwc report, no news on loans, no promises kept, no trading, no updates, nothing. And the usual “all will be fine” idiots on here are clones of the main man, excuses galore. Hope you all bail out with a profit either way, but my bet is the same as always .....BNN is a lifestyle for one guy and the entire business is nothing more than the local dog walkers pick up in a plastic bag twice a day.

[skin18] 20/9/2018 19:34

Yes, agree Credock. Shareholders have been unable to trade this share for over a year now. BNN have a facility for shareholders to ask questions on their website, the only problem is that they don't answer them.I have my shares in a Share ISA and have no idea, if they manage to get them trading again, how one goes about selling these rascals....according to last years annual report the company should be now trading at a profit now, but due to lack of any news I have my doubts...All things considered not a good investment.

[credock] 20/9/2018 18:56

Hi people . I have been invested here quite a while and at the moment are 22 grand down or lost somewhere as I put it. Shouldn,t the company really have updated us a bit more if all whats going on is correct ? Im totally bewildered by it all and also a tad irate at times.

[andy] 20/9/2018 13:34

and11,


Because if people were doing it, I'm sure they'd be telling us!


And the daily volumes are quite low which suggests it's not happening either.


And MICT is on a lower version of the NASDAQ and I doubt many here can trade it, although someone said HL can, if memory serves me correctly. Anyone wanting to trade MICT could open an account there to take advantage if they are so confident it's a slam dunk..

[redhill9] 20/9/2018 13:12

Buying MICT at $1.23 would be a way for anyone short in BNN to hedge their exposure..... :-}

[and11] 20/9/2018 12:42

Who to say we’re not buying MICT stock are you Andy?

[andy] 20/9/2018 12:16

PC,


A fair point, but directors are nearly always in possession of insider information, yet still manage to trade shares.


I would have thought they could have justified buying in the market by offsetting the purchase against their expiring options without any problems, but I honestly don't know the rules, so am speculating.


As MICT is currently trading at $1.23, and people here see the director buys at $1.47 as so positive, why isn't anyone buying for the arbitrage?

[charlesdarcy] 20/9/2018 10:07

Yes I agree it is the first clear indication since the last contact that things are going ahead .

[and11] 20/9/2018 09:12

I would suggest it tells you there very confident the merger is happening Andy! Why what does it tell you?

[perfect choice] 20/9/2018 09:12

Read BN1 post again, the point he is making is they cannot buy in the open market as they have "insider information", but the rules (assuming Nasdaq MAR rules are the same as in the UK in this instance) do permit Directors to exercise options they are already entitled to whilst holding insider information. So basically this was the only way they can get further shares now while holding insider information.

[andy] 20/9/2018 08:55

bossno1,


My point is they could have let them lapse, and bought at a lower price in the market!


What does that tell you?

[perfect choice] 19/9/2018 20:53

Very true BN1 and good last point on not letting them lapse, didn't think about that.

[perfect choice] 19/9/2018 16:33

While it may not be a closed period issue, Directors could not buy anyway right now as they are subject to a merger/acquisition so have "insider information" while they are in discussions with BNN and the third party PaaS provider. However it looks like they can grant themselves options. The SEC filing doe snot make it clear to me if they were exercising a previous option on the 13th August are were granting them an option for a future purchase at a set price. Its down to how you interpret the meaning of "Employee Stock Option (right to buy)".

Anyway, sit and wait time still as far as I am aware.

[andy] 19/9/2018 11:44

bossno1,


They released financials on August 15th so no closed period.

[dlm2602] 19/9/2018 11:07

Although small in size the transaction also tidies up the company by removing some of the ancilliary items.

BN1, have any of your contacts given you any updates with regards progress and timing?

TIA

[bossno1] 19/9/2018 09:55

Guys
There must be a closed period for the Directors where they are barred from dealing in the market. Options do not quality as a barred transaction therefore for them to take them up at this price reflects high confidence in future value.

BN1

[andy] 19/9/2018 09:31

charlesdarcy19 Sep '18 - 08:59 - 11947 of 11950
0 0 0

Perhaps BNN do not want the share price to sky rocket in the market .

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3 x 15,000 shares would hardly cause them to "skyrocket"!


They trade fairly lightly, but there's liquidity and the daily average is higher than 15,000, with a few high volume days, so they could soon get them bought.

[andy] 19/9/2018 09:27

newmanontheblock19 Sep '18 - 09:04 - 11948 of 11949
0 0 0

Cos these shares are free to them, only at that execute price.

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Pardon?

Can you explain that a bit better please?

[dlm2602] 19/9/2018 09:21

I think this is a red herring. 3 directors awarded 10,000 options each at a strike price of $1.47. If the share price doubled to $2.94 the profit each director would make would amount to around £11k. Nice to have but hardly life changing.