BrandShield Systems Share Discussion Threads

[dennisbergkamp] 11/11/2020 11:43

When does the consolidation kick in?

Is it based on the 1st Dec at the new price?

TIA
D

[aidenabettin] 11/11/2020 11:23

It wont be a bad start for the new company if a major nickel discovery ia announced in Botswana.I can see Brandshields value growing rapidly and even more so when we get a valuation for Weshop

[aidenabettin] 11/11/2020 10:07

We are pleased to provide a drilling update for our first drill hole at the Molopo Farms Complex where high-resolution geophysics has identified a series of exciting high conductivity bodies which could be related to massive sulphide mineralisation..The drill hole has now reached a depth of 445m and is now approaching the start of the target zone and the upper edge of the geophysically modelled conductive body at around 505m depth..As this is the first hole on the project into unknown geology the drilling has been proceeding cautiously to maintain the 100% core recovery, but with the rig now expected to average around 30m/shift we expect the hole to reach the start of the conductive target within the next few days.

[aidenabettin] 11/11/2020 09:46

Market capitalisation at the issue price:.GBP22.8 million. PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 57.8%

[apfindley] 11/11/2020 09:41

I used these figures from the rns to arrive at 134 Mill shares post consolidation..."Immediately following Admission, the Concert Party could become interested in a maximum of 62,886,822 New Ordinary Shares (comprising 62,286,822 Consideration Shares and 600,000 Subscription Shares), representing approximately 55.10 per cent. of the Enlarged Ordinary Share Capital. Assuming (amongst other things) that only the Replacement Options, the Replacement Warrants, the New Unapproved Options and the LTIP Options held by members of the Concert Party are exercised, the Concert Party could become interested in a maximum of 82,923,546 Ordinary Shares, representing approximately 61.80 per cent. of the Ordinary Share Capital as enlarged by such exercise"

[aidenabettin] 11/11/2020 09:39

New Board.On Admission it is intended that Andrew Lawley and Sandy Barblett will leave the Board and the following individuals will be appointed to the Board: Azriel "Uzi" Moskovici - Independent Non-Executive Chairman Yoav Keren - Chief Executive Yuval Zantkeren - Chief Technology Officer Ravit Freedman - Chief Financial Officer Dr. Zar Amrolia - Independent Non-Executive Director

[aidenabettin] 11/11/2020 09:34

New shareholders.Yoav Keren - 10.4%. Yuval Zantkeren - 10.4% . David Fridman - 5.2% .New Enterprise Ltd - 10.0%. Afterdox and Afterdox Partners 8.8%

[petercuntin] 11/11/2020 09:27

ap, the company raised £3.2m pre costs
At 20p that was 16m new shares?
TSI and Brandshield combined were 82.9m and add the new 16m shares you have the new shares in issue of around 98m and change.
That is how I understood the docs and the presentation.
Leaving TSI shareholders with 33% of the new business.
If I misunderstood then my bad.

[algernon2] 11/11/2020 09:24

deleted post already posted article sorry.

[apfindley] 11/11/2020 09:17

So your 98 million post consolidation would still be 20 billion equivalent pre consolidation.

[apfindley] 11/11/2020 09:15

So how does 82.9 million new shares represent 61.8% of the consolidated shares. Its in the rns. That gives 134 million new shares in circulation ..Which is after the 200-1 consolidation. Hence the 26 billion if not consolidated.

[petercuntin] 11/11/2020 09:14

The board is agreed and now in place.

[aidenabettin] 11/11/2020 09:08

Donald Stewart on the new board?

[petercuntin] 11/11/2020 09:07

Don't be daft aidenabettin. Not true.
New shares were successfully placed at 20p and will be in the new holders accounts by around 28th November.

[aidenabettin] 11/11/2020 09:03

Its now in the hands of spreadex to get the share price back down.Will wait to top up as we still have a couple of weeks.Need it down as low as possible

[petercuntin] 11/11/2020 09:03

apfindley, I think you need to look at your numbers.

Pre the deal there are 6.477bn TSI shares in issue which is 32,385,000 shares post the 200 for 1 consolidation....

TSI managed to negotiate 33% of the new company for it's shareholders.

That was along the following lines:-
20% for Brandshield as they owned around that level
13% for the assets that stay within the business such as Weshop and Kalahari Key

Around 98m shares in issue post the placing and the consolidation.

[aidenabettin] 11/11/2020 09:00

0.08p was the rime to buy.Look at the list of investors in Weshop.Tax haven money on the move and a lot will be coming in through Brandshield systems.Who will be on the new board?

[shark fund] 11/11/2020 08:58

I don't see why it needed it to be discounted... certainly at that level. These behind the door/off- market deals always end up being a raid on the incumbent shareholders. Fortunately still in profit but still not cool.

[aidenabettin] 11/11/2020 08:55

What did you expect ?.Its now down to who is coming in through the back door with Weshop.The Chinese.Could see a very BIG investment coming here if the CCP is clamping down on companies that are too BIG.A very dirty game laundering money

[paddyfool] 11/11/2020 08:50

200 to 1, offer price 20p means the equivalent offer is .1, a discount of around 40-50% that's outrageous!

[apfindley] 11/11/2020 08:18

Correction. 26,836,099,029 shares82,923,546 representing 61.8% of shares after the 200-1 consolidation, gives a total of 26.8 billion shares pre consolidation....compared to the 4.46 billion currently.

[apfindley] 11/11/2020 08:08

OUCH.How do you dress up this massive dilution and 200-1 consolidation.Enlarged shares of over 12 billion being consolidated.

[aidenabettin] 11/11/2020 07:57

If nothing else Brandshield will have to be more forthcoming with information that has been up until now very difficult to source.Lets see what next year brings

[aidenabettin] 11/11/2020 07:48

Consolidation not dilution

[aidenabettin] 11/11/2020 07:46

So now its all about what value WESHOP and our mining assets will bring to the table.Looks like it will be well into next year unless WESHOP launch before year end.Im glad i topped up so much at the bottom before we got hit with 200:1 dilution(was always going to happen)