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Looool look at what Ive found
http://www.brsventures.com/
Scroll down. Every company he owns. NMC and Finanblr next to each other lol.
This guys owes a lot of money himself. Clearly with what’s happened with Finablr on the 24th of January. If he has another margin call it’ll be him next on here. Do not be shocked if it happens.
Q
Check FINANLRs RNS on 24 January 2020
Finablr plc, "Finablr" or "the Company", the global platform for payments and foreign exchange solutions, announces that it received notification on 24 January 2020 that 392,220,890 shares, representing 56.03% of the Company, have been pledged by BRS Investment Holdings 1 Limited as a security for borrowings raised by BRS Ventures & Holdings Limited. Those borrowings date from 25 March 2016 and were used to refinance an acquisition facility borrowed by BRS Ventures & Holdings Limited in connection with the acquisition, by its subsidiary UTX Holdings Limited, of Travelex Holdings Limited on 29 January 2015. The original amount of the borrowing has been reduced by sums received by BRS Investment Holdings 1 Limited, BRS Investment Holdings 2 Limited and BRS Investment Holdings 3 Limited from the IPO of the Company on 20 May 2019 and other cashflows of entities belonging to the BRS Group.
The notification of dealing form of BRS Investment Holdings 1 Limited can be found below.
Is this not BR Shettys comany?
Wth is going on. Has he just had a margin call there aswell? And basically paying back how loans if so will it happen with my comment below regarding the 7 million shares in NMC!?
Q
RNS DATED 3rd MAY 2018
(i) 7,000,000 Ordinary shares were pledged by BRS Capital Limited (of which Dr. B. R. Shetty is the sole shareholder) as security for borrowings raised by BRS Capital Limited; and (ii) BRS Capital Limited entered into (on behalf of Dr. B. R. Shetty) related put and call options referencing the 7,000,000 Ordinary shares.
Under the terms of the pledge Dr. B. R. Shetty may, subject to market conditions, be able to recall the shares for the purpose of exercising the voting rights thereunder.
Can someone please tell me this doesn't mean he can also be margin called!? And end up selling 7million shares in a book build!!!!!!!!
Q