BNN Technology Share Discussion Threads

[genises] 25/1/2024 13:09

lol a year later

[genises] 25/1/2024 13:08

Just in case the website disappears
Dear Shareholder
Further to our update on 30th June 2022, we are pleased to report the updated position of BNN Technology PLC (the “Company”; or “BNN”) and the status of our business-sale transaction, as set out below.
Since the date of our previous update, both China and Hong Kong have continued to endure Government enforced travel restrictions and Covid-19 lockdown measures. The strict rules and lengthy quarantine requirements have made travel very difficult, both within China (between certain provinces and cities) and internationally. The lockdown measures have also resulted in widespread office closures, which has not only impacted on access to our own offices but also to the offices of our advisors and the purchaser. These factors have significantly hampered and delayed our transaction, preventing site visits and the progression of our buyer’s due diligence for several months.
Nevertheless, we have continued to trade well, as more customers convert from making in-store lottery purchases to instead utilizing our online-to-offline lottery ticket platform. Through the growth achieved during 2022 we expect to report significant year on year increases in revenues and profitability.
It should be noted that the strategic partnerships we had hoped to complete by now have been delayed into 2023, and we aim to close and sign these as soon as possible after Chinese New Year.
Following the relaxation of the Covid-19 rules, our buyer’s due diligence and the wider transaction process have recently recommenced and the parties are now aiming to complete as much as possible of the remaining work by Chinese New Year (on 22nd January 2023). The balance of the work will then be completed within a short number of weeks after the New Year holidays, followed by the issuance of a Proxy and Notice of General Meeting during the second half of March.
Whilst waiting for further news on the transaction, shareholders can take encouragement from the business’s positive trading performance and profitability. We look forward to updating shareholders again, which we will aim to do by end of February 2023.

[genises] 25/1/2024 13:04

More likely where all the money is.
Accounts must be filed in Hongkong anyone know where to go

[dogwalker 1] 25/1/2024 09:57

Google
Grant Lee mercer Darren's brother registered all companies on companies House most interesting is Brookfield Hong kong .insiders

[sundowner2] 24/1/2024 18:10

Yes Skin ..
It’s a total scam on both sides of the pond .
I am sure he will get his collar felt very soon .
What is clear TIO is a huge scam and BNN will get looked at if they look into Mercer

[skin18] 24/1/2024 09:52

Companies House have changed BNNs registered address to a default one.

What is the Companies House default address? It's the address that Companies House uses if they decide that a company's existing registered office address is being used without the appropriate approval.

Enough said.

[bigjazz21] 23/1/2024 10:25

Hi Guys, I sent my details to Michael Taylor and had a response, hopefully if anything Mercer and Crew can be exposed which may encourage the correct authorities to look into this more sternly?

I note that not so long ago someone posted a helpful way one can offset some of this loss against tax returns, please could someone who knows point me in the right direction?
Thank you
Jared.

[skin18] 19/1/2024 21:17

Sundowner2 totally agree. It will be interesting how Tingo turns out.

[sundowner2] 19/1/2024 18:33

They are all trying to disappear
Ramsey was just like the others before him in BNN put there by Mercer paid a fee to front up the scam Mercer has been up too .

Let’s hope more interest in this conman in the US than here in the UK .

[skin18] 19/1/2024 11:49

Don’t know if it means anything but William Ramsays email account has been suspended.

[sundowner2] 18/1/2024 18:53

I have heard nothing from FT

My thought is now did the big name Banks and funds actually have holdings in BNN as portrayed on there. Shareholding page ?

[skin18] 16/1/2024 15:33

I have emailed Michael at the business desk, and he has heard back from a couple of people.

[alzy1] 10/1/2024 20:48

Worth those that are much more in the know contacting Michael Taylor, you never know

[marpleleaf] 08/1/2024 10:25

Hi, I was contacted by one of you regarding the investigation into Tingo by the SEC. I edit a website based in the North West of England called TheBusinessDesk.com. I am interested in this story, but would prefer it if you could contact me via email, or check out my LinkedIn profile and message me there.
I may not have the reach of Dan McCrum at the FT, but often our initial deep dives get picked up by national media who we work with.
I'm particularly keen initially on speaking to investors in the North West who may have lost out.
My email is [e-mail]

[darren dozy bnn mict tingo] 02/1/2024 21:19

www.sec.gov/news/press-release/2023-254

Charges unsealed includes criminal conspiracy charges.

Odogwu Banye Mmobuosi, the former co-chief executive officer of Tingo Group (TIO.O), was charged with securities fraud, making false U.S. Securities and Exchange Commission filings, and conspiracy in an indictment made public on Tuesday.

[sundowner2] 02/1/2024 14:14

Yes I contacted him through FT
The story is beyond me .
It starts at his pub then when you look back at the BNN web site never working .
The hundreds employed in China to the technology they had in front of everyone else .
The loans made to Mercer from a public quoted company then he takes off the market never for shareholders to trade again etc etc

[darren dozy bnn mict tingo] 02/1/2024 12:48

Yup have been in touch with FT and others. This is the best chance to get the story out there and perhaps some justice and would urge others to do same. This was Hindenburgs conclusion in September after DM had been the CEO for around 12 months and seems hauntingly similar to what happened before at DJI, BNN and MICT..

“Conclusion: We have never seen a scam more brazen and more obvious than Tingo.

We strongly suspect that virtually all of Tingo’s rosy claims and financials are fake. We also strongly believe that its previously claimed cash balance, which conveniently disappeared when we raised questions about it, never existed at all.

The company has repeatedly misled investors about the nature of its claimed independent review and its relationship with White & Case, which we suspect no longer exists. The fact that the company has avoided answering all questions and has simply blazed forward with more absurd claims shows that it has zero regard for potential consequences.

Thus far, NASDAQ and the company’s independent directors have tacitly blessed the situation with their silence, as has Deloitte, the company’s current auditor of record.

We do not expect it will end well.”

[vegpatch] 02/1/2024 12:25

anyone emailed Dan yet via LinkediN?

[darren dozy bnn mict tingo] 02/1/2024 12:13

How strange DM resigned from Tingo shortly after Hindenburg published this..

9/5/2023 Update: Further Response To Tingo’s Absurd Claims And Obfuscation From The Company’s September 1st Release
Once again, Tingo has continued to charge ahead with new, obvious lies in a statement it put out on Friday, September 1st. We have never seen a public company choose to forge forward with brazen and obvious fabrications in this manner. Tingo’s management, including Darren Mercer, Dozy Mmobuosi, Chris Cleverly and CFO Kevin Chen appear to all be betting that by the time they are forced to face the consequences of their choices, they will already be long gone with the money.

[sundowner2] 02/1/2024 11:51

Ok D.McCrum of FT notified
Please all send into him asap .

Skin notify the stockwits TIO shareholders of a renewed effort to get Mercer investigated on BNN as well as TIO by the FT

[sundowner2] 02/1/2024 11:26

Genises ..
You may well of found a honey pot of Mercer here for his latest hideaway .
He speaks fluent Mandarin so is an ideal area to go and hide .

[skin18] 02/1/2024 10:25

CEO of Tingo on resigning on the 23rd September 2023


Separation Payments to Executive. In lieu of any further compensation or benefits, whether accrued or otherwise, under the Employment Agreement, the Parties agree that the Company shall pay Executive, in full and final settlement of any and all claims of Executive under the Employment Agreement, the sum of Two Million Dollars ($2,000,000) and Five Million (5,000,000) shares of common stock of the Company (collectively, the “Separation Payment”), in the following proportion:

3.1. Cash. The Company agrees to pay the following via wire transfer in immediately available funds to an account designated by Executive as follows:

3.1.1. One Million Dollars ($1,000,000) on or before the seventh (7th) day following the Effective Date;

3.1.2. One Million Dollars ($1,000,000) on or before the forty-fifth (45th) day following the Effective Date; and

3.2. Shares. Five Million (5,000,000) shares of common stock of the Company (“Separation Shares”), to be delivered to Executive on or before the seventh (7th) day following the Effective Date.

[vegpatch] 02/1/2024 09:27

Dan McCrum has an open messages page on LinkedIN
So you can message him with the overview of the whole sorry story (BNN, Tingo, SEC
leaving shareholders in the lurch yet seemingly always getting the money) and maybe it will pique his interest...

[skin18] 02/1/2024 09:10

hxxps://www.sec.gov/Archives/edgar/data/854800/000121390023078413/ea185555ex10-2_tingogroup.htm




Looks like a certain person got another couple of million here.