The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Been too great of late Bring but still loitering. Thanks to all those making an effort to discover what is occurring in the dark pool.
Well, good luck with that one.
It’s a great shame that many who used to post here have vanished, likely given up and moved on. Everyone is entitled to their opinion, but I am one of the few that still believes we have something left to salvage. However, the only way to ensure we benefit from what we have left is by taking action.
This is why we have resurrected BMR Watch, and we have a small team of people working hard in the background. We are concentrating on certain areas that could potentially benefit shareholders, should we be successful in exploiting these areas.
We still need numbers and we need your help. The larger the alliance becomes, the stronger we are. If you haven’t yet signed up, then please do so. If you are already a member, please get involved by sharing your ideas and opinions on the discussion board. A small amount of your time could make a big difference.
Cheers,
Bring
In hindsight Borrelli has never attempted to monetise these assets for the good of the shareholders his efforts have been half hearted at best except when drawing his salary and raising cash to keep the gravy train just on the rails. He's given most of the company away and what remains is a stub left in place to provide an income for him for a couple more years. Shareholders will see nothing back from this. No doubt the man will have the gall to resurrect BMR and refloat using cash from the next bus load of gullible AIM aficionados. You are right about BMR being incapable of exploiting these assets but that was 100% down to Borrellis ineptitude.
Vignere is in denial.
Every new low is greeted with disdain for the realists that have been proven correct every step of the way. It's bizarre.
Vig - what does it take? We've been robbed the assets are gone future royalties are for the dreamers, what part of you've lost all your hard earned don't you grasp?
I don't think we could have prevented the deal. There's no point calling an EGM unless you have a solid plan in place. At the moment we are going down several avenues. We should soon have more of a clearer picture as to what we want to achieve, and how best to do it.
As I say, if you'd like to get involved then join up. That goes for anyone else that is yet to join or prove your shareholding.
That's exactly my point Bring. You have more than enough to call an EGM which could have prevented him from his latest unforgiveable asset strip ie residual rights, Star, Kashitu etc but all you seem to want to do is keep building the numbers. Clearly Borelli doesn't fear or respect the group. At some point the group may come up with a plan but will there still be anything left I wonder?
We have enough to call an EGM, Borrelli certainly knows it. Personally I'd like to see us exceed 30% and we are working on ways of achieving that, unfortunately it's not been as straight forward as we'd hoped. If we wanted to vote to make a major change for example, JLP could potentially block or out-vote us, depending on the resolution.
We have a few things going on at the moment but I don't want to broadcast it here. Why don't you join and see for yourself? You have nothing to lose...
What's your user name on BMR Watch? I have a list. Is it Michael S by any chance?
At what point do you feel you will have enough shares to actually do anything and what are you proposing. Please don't say "Join up and you'll find out". I ask because you have quite a sizeable membership now, sufficient to get a hearing with the great one, yet nearly 2 months has elapsed since suspension and nothing appears to be happening, other than this Danlaur character badgering people into joining you.
Have you joined BMR Watch yet or are you still too busy accusing people of lying? It only takes 10-15 mins to join and prove your shares, about the same time it takes to write a few posts on here...
We need as many shares pooled as possible, and we would like everyone's ideas and thoughts on what we can do next... Please sign up if you haven't already.
Vigenere
Please don’t rise to the bait... I find more satisfaction in choosing to ignore.
You have no need to prove yourself to anyone on here.
"I also have millions of shares bought at below 2p."
No, not me. This was your post on 2 May 2018. Obviously you couldn't have sold them during the period of suspension and I doubt anybody would have bought them from you privately since, certainly not without a big loss.
So what does that make you? A liar or a fantasist? Which is it?
I'm assuming of course that you regard millions of shares as a substantial holding. You certainly thought so when referring recently to Mr Borelli's 4 million shares.
That you base your optimism for a return from BMR on the price of Vanadium 2 years hence when prices are currently at an all time high speaks volumes for your clear lack of understanding on the cyclical nature of commodity prices.
It would help if you were to tell us who you trust or mistrust and reasons why.
For example do you trust Viginere with his recent announcement of huge holdings and his over the top positivity at a time when we are at the lowest, darkest point in our history? Or for example do you trust Bring with his fantasy phone hotline? Or perhaps 3card who has commented on BMR for over 7 years and has swung from positive to negative depending on BMR's fortunes at the time, but remains currently very negative on BMR?
Who is " You know who you are... so cut the crap" directed at? Is it just people who haven't joined you yet or does it include people who say they have? Please tell us
I fail to see the need to argue amongst ourselves... the only winners in that are those who have done us over.!!
As BMR Watch records keeper, I now have a better insight into who I feel trustworthy, and perhaps who isn’t !
You know who you are... so cut the crap...
WE URGENTLY NEED TO COMBINE OUR EFFORT TO GIVE US A VOICE
- JOIN BMR WATCH NOW !!!
PROOF OF HOLDINGS - Last week was well OVER 44 MILLION SHARES, and still climbing significantly.
I have created an email address to facilitate this.
bmrwshares.pool at gmail.com
Full details of precisely what is required can be found on the BMR Watch website.
Please send yours today.
If anyone is a member on other discussion BMR forums, please copy paste this information for their attention too.... we need to pool our shareholdings numbers to give PIs a voice, and give us strength in numbers
Thank you
Do you realise that you have no idea what BMR's financial demanda are?
Do you realise that nobody will sponsor BMR for a relisting?
Do you appreciate that BMR will have to sell it's Jubilee shares to stay in business?
Do you recognise that there is no plan to recover vanadium?
Do you see that the likely profit share from the processing will be minimal?
Obviously not.
I can't be 100% sure that we don't end up going to the wall, but I see it as highly doubtful. You can't liquidate a company if it has more cash than debt. I'm not aware of any debts, apart from the $50k we are supposed to be paying Blue Square per month. We also have a million quids worth of JLP shares to sell, and should this latest GLR deal go through (I hope it doesn't), it will provide us with £100k, plus 15m GLR shares. Other windfalls include our money back from ACI (not in a hurry) and litigation money, which could happen quickly if we accepted the current offer of £200k.
Our overheads are minimal at the moment so I fail to see how the company would collapse, unless somebody knows something we don't?
Breaking it down -"a business that functions" - BMR isn't functioning as a business, it's carrying out a mates rates fire sale of valuable assets to save these assets from creditors when the brown stuff hits the fan.
-" without the threat of liquidation" - Given there is no income to cover ongoing costs, mainly snouts salaries, and with no investor wanting to touch it with a barge pole, that threat seems increasingly likely.
Frankly I find it bizarre that Viginere is even more upbeat now than before we were de-listed and sold up the river. Bizarre or perhaps nasty.
Using this as a standard definition of a going concern, how sure are you in your own mind that BMR will not be in liquidation in 12 months time?
"A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months."
Wibleywobley, the company is a going concern, so the answer is no, you can't bank this as a loss. Not unless you privately sold your BMR shares at a loss.
HELP: So in teh current situation - ie delisting unable to trade - can i offset my losses against other gains - this way i can mitigate some of my losses . Or am i just going to have to wait and endure a slow death ?
If accusing someone of destroying shareholder value is a crime, then I am guilty as charged. As for your plan, anyone with a modicum of common sense will know that any meaningful royalties are a long way off, possibly years away. By then the company will have long since parted with any remaining assets and probably diluted the existing shareholders to hell by issuing directors shares in lieu of salary.
So on the second point of my post, most directors with a track record like Mr Borelli's over the last 2 years would have gone by now or been sacked. So why else would he stay?
It's pure fantasy land to suggest Mr Borelli is in this for the share value. Firstly he has been instrumental in destroying shareholder value. And secondly, with the deal he has kindly negotiated on our behalf, it's hard to see when his shares are likely to be worth much more than their current value of c£76000 (which is of course based on the last listed trade and could be considerably less).
No he's in it for the salary and perks package which is worth far more to him.
Would be interested to know if he or his family have any significant holdings in GLR or JLP.