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[davydoo] 07/8/2019 12:49

I'll be looking to see that all the major holders show support by at least retaining their existing % holding, but hopefully increasing it. accepting that TC maybe can't go above 30%

If not, and on what they must know, it doesn't look good here

[bobd29] 07/8/2019 12:47

Tom Carlton and Cranston will already have agreed imo, the rest of us don’t count. Be interesting to see how many Directors/TO put their noses in the trough. Lot of trust evaporated on this one. Bleepa may be worth it but very badly handled, BODs just don’t care about ordinary shareholders.

[davydoo] 07/8/2019 12:45

BOTAK54 i'm not clued up, I'm just pragmatic about things I can't control

I didn't buy millions last week, I bought 100,000s last week on top of the millions I bought in the weeks before. My average purchase price remains below 1p

[lr2] 07/8/2019 12:44

Not true Duc. They can raise money via resolution 6 which was passed at the last AGM. They cannot raise extra funds requested in resolution 7 as that was not passed. By my estimate they can still raise up to 248 million shares.

[botak54] 07/8/2019 12:42

🐑🐏 🐑🐏
Meeeeh Mehhhhh

[ducatiman] 07/8/2019 12:40

Very amateur management!

[ducatiman] 07/8/2019 12:39

They will need shareholder approval for any placing.

[lr2] 07/8/2019 12:26

The board is an utter disgrace. I will not vote for a single one of them in future. Every single placing they have made has been leaked beforehand. Either they are leaking details of the placings or Peterhouse is leaking them. Dump Peterhouse and give shareholders some board resignations to show you intend to act in a more honestly in future.

[ged5] 07/8/2019 12:25

Most unlikely imo, paleje but it would be good.

Couldn't have put it better myself, lewis.

[dplewis1] 07/8/2019 12:22

Botak this is an unfortunate thing that we all have to put up with investing in nano caps. Finance for these companies is tough and if you want them to give bleepa a proper launch this is the pill you have to swallow. Yes it's a disgrace that it was leaked, but I've seen worse..

[botak54] 07/8/2019 12:19

anyone saying they had enough cash for a year was looking backwards at previous costs and not forwards at current and future costs to develop another product and all the sales and marketing initiatives that go with that.


So if your that clued up davydoo how come you got caught in the trap of buying millions last week at a premium , They must have had options to raise equity without mass dilution ( IF Bellepa is all its cracked up to be ) But No they opt for shafting the people who have supported them time and time again over the years

[paleje] 07/8/2019 12:18

RNS says currently working on *completing placing* of new shares......any chance they might have already fixed a price and be too far down the line to turn it back? Could be another RNS before the day's out, would be a nice if it was at a premium:)

[davydoo] 07/8/2019 12:11

We've got recent buyers in here as high as 2.08p I think. Ouch

[davydoo] 07/8/2019 12:11

oh well, that 10 bagger is now only going to be an 8 bagger ;)

[ducatiman] 07/8/2019 12:10

They should have circa £800k in the bank. Greedy or what!? Or have they spent it finding their inner exhibitionist!

[lr2] 07/8/2019 12:06

Pathetic. The BoD need to go get a short term bank loan. Doubt that raising at 1.2p is much of an option now.

Placing obviously leaked by Peterhouse and/or the board. Dump Peterhouse to show this behaviour isn't acceptable board or let's have some board resignations to show that insider leaking will not be tolerated in future.

[ducatiman] 07/8/2019 12:02

How Embarrassing!!

[davydoo] 07/8/2019 12:01

anyone saying they had enough cash for a year was looking backwards at previous costs and not forwards at current and future costs to develop another product and all the sales and marketing initiatives that go with that.

Just wish they could have held fire and done so on the back of an order or more interest in Bleepa. But then, perhaps that would be too risky. Probably better to raise on the story than on the need to get it back on track.

[botak54] 07/8/2019 11:54

dplewis1
They are supposed to have cash in bank to last another 8 months , Why raise @ 1.2p and subject the shareholders to more mass dilution that de values there asset , I bought in here when SII was 220m with an share price fluctuating between 2.2 & 3.2 NOW we have ( or will have ) in the region of 500 Million SII with an share price below 1.2 soon to be Sub 0.9 , Why not raise into a strong expanding share price post launch ?


So is that enough of an answer for you

[lr2] 07/8/2019 11:46

Going to be difficult to raise at even 1.2p now the placing has leaked.

How much will the company want to raise at these small prices?

[davydoo] 07/8/2019 11:46

I've just emailed Peterhouse to try and take part.

Don't see why favoured clients should get a better deal than existing shareholders, but that's AIM I guess

[ged5] 07/8/2019 11:37

It'll be interesting to see if Herald take part and/or other institutions. Also directors and TO. The more that go to those investors the less likely we'll see future shenanigans

[dplewis1] 07/8/2019 11:32

Botak why has he f'ed it up? Bleepa is the potential 'company maker' and there's no point if they haven't got the money to back it up. If they get a contract off the back of the development work then it's a great move imo.

[red army] 07/8/2019 11:29

I thought that this might be the case ie fund raise.