BNN Technology Takeover Rumours (BNN)

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BNN Technology Takeover Forum Posts

18-02-2018
I wouldn't say "trying to stop the discussion on Moxian", with me it's more a case of not being convinced, or enthused, by the possibility. If you are correct then congratulations are due for your research and if you're not then at least it was an interesting speculation. Incidentally, and this may be a stupid question as I haven't researched the person concerned, are you convinced that the PWC guy and the Moxian director aren't two different people with the same name? I'd have thought it unlikely anyone working for PWC would be allowed to have outside directorships but if so then using knowledge gained from his PWC position to form a link/merger/takeover with BNN through his Moxian directorship sounds on the face of it a possible conflict of interest? More speculation!
14-02-2018
Also of interest is the fact that Moxian has a market cap of $237m or £170m. If this were a true RTO (where BNN hold the majority of the shares of the enlarged group) then the agreed takeover value of BNN would have to be in excess of £170m i.e a valuation of at least 71p per share. Whether that would be seen favourably by the market is a different matter!
11-02-2018
Genises . Good post and yes it’s the reason I invested the numbers are mind blowing and the potential is massive . Unfortunately the ex CEO imploded by being greedy and living like he had already made his £50m by his paper value . Sadly for us as shareholders he decided to act like a sole trader and not a CEO of a PLC and that is the main reason we are where we are. The potential here in 2018/19 and the company run professionally this stock could of easily been a £4-5 pound share takeover . But because of greed and ignorance and neglect I don’t see us getting 10% of those values today . GLA
09-02-2018
The company as we know has between £7-14 million cash plus asset sale Once the assets sales have been completed the company will be a cash shell company. The assets must be worth a bit as the CEO has said the sale will substantial enhance shareholders value. The company will do one of the below. Give the cash back to the shareholders or complete a reverse takeover of another company who require funding. I would think the reverse takeover would happen as why produce a platform to still trade in the shares.???
"It turns out that when a stock is delisted, short positions are not necessarily closed immediately. Short sellers are exposed to the risk of an indefinite, high-interest stock loan until shares are cancelled.if a stock is the subject of a takeover offer, the shares may have appraisal rights. If the short position is assigned against shares that exercise these rights, the short seller would ultimately be responsible for the court-ordered compensation months or years later." Genises Clearly you know nothing about how shorts work. You are talking absolute shite. When BNN are delisted on Monday at 8am the shorts will be closed out at ZERO pence. It may take a few months to settle but it will happen. The only way it can't happen is if BNN relists in the UK which it can't and won't without a Nomad touching them.
It turns out that when a stock is delisted, short positions are not necessarily closed immediately. Short sellers are exposed to the risk of an indefinite, high-interest stock loan until shares are cancelled.if a stock is the subject of a takeover offer, the shares may have appraisal rights. If the short position is assigned against shares that exercise these rights, the short seller would ultimately be responsible for the court-ordered compensation months or years later.
Charles Looks like what I predicted last year has speedy up rather quickly. Was hoping for a USA listing asset build and then a takeover by the likes of Apple or visa. Jenkins from experience a crap trading platform with very very little trading. Pap Your wife needs to buy you a wooden spoon for all the stirring you do. Who cares on another delisted company you are obsessed with the company and some of the shareholders,hence why nobody posts on their anymore. Get a life you sad old git. Good bye you are now filtered.
30-09-2017
Another possibility a takeover. (At a very low price)a chance for someone to get a foothold in China if the £2bn telcos and others contract are all real. Maybe Alibaba.
04-09-2017
Well not much more can be said that has already been stated. Scott Kennedy was brave but absolutely made the right decision to blow this open and resign. Have to wait for what the accusations really are. Expect suspension to take time and so it should, need this all sorted to remove suspension and see what has really happened here. Not happy at all of course and wait to see what comes out of this mess in the end. Tried my best to complete an opportunity analysis based on information available but didn't account for anything like this. Wouldn't be surprised of a takeover as the outcome as the transaction assets are highly beneficial and have proven themselves already in 2016. But if accusations are proven then somebody has done some serious damage and I hope the individuals concerns go to jail. For now, just sit and wait as nothing else to do.
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