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Company will need to make a complete submission to the FCA in relation to a reverse takeover transaction by 4.00pm on 1 December 2023.
Now everyone knows why.
Some should have had more patience.
Wonder what is on the agenda here then? GBP 80k invested by directors of the shell company. Intriguing.
If you are going to gamble on BIH, then try and wait for more than 3.5 hours.
Stephen Wicks is at it again!
That's how you lose £300 in less than 24 hours!
Could it be Inland Homes founder, Stephen Wicks ?
Who is Mr Wick?
Been waiting a long time here.
Sub 1m company on aim.... Tick tock
+14%
Nt to buy any she gonna blow
Load up folks moving now
Bostin boston
Looks good here....
The market is re rating all these cash shells. ADV, TMOR already rto. DKE... its not ramping its fact.. They are way undervalued since rule change to list.. Dyor
Pile of crap, u ramping ****
Very very cheap cash shell like DKE
Load up folks next one to pop
Guys who missed dke do not miss bih
I’ve repositioned my portfolio the last couple of days. bIH sells today we’re mine.
Tried to shift the lot but unable to get a quote with HL. Cost me £3.5k but sometimes you just have to move on. Expect a pump when they do a raise. But I’m happy to put the remains left from here into something I think will bring me a better return long term. GLA
Nice to see a bit of buying today. I keep looking every now and then hoping we get some positive news
There you go, you can be quiet now.
Not sure what to make of this company but looks like some smoke and mirrors going on. This link https://polaris.brighterir.com/public/boston_international/news/rns/story/rn9zkpw has a recent doc (to do with fundraising) which has a section stating:
"Serious loss of capital
It has recently come to the attention of the BIH Board that the value of the Company's net assets is less than half of its called-up share capital and that is deemed to be a 'serious loss of capital' within the meaning of section 656 of the Companies Act 2006 (the "Companies Act").
In such circumstances, the Directors of the Company are required, pursuant to section 656(1) of the Companies Act, to call a general meeting to consider whether any, and if so what, steps should be taken to deal with the situation. Accordingly, the business to be conducted at the General Meeting (referred to above for the purposes of approving the Share Capital Reorganisation) will also include consideration of what, if any, such steps should be taken.
The BIH Board does not consider it necessary for specific resolutions to be proposed at the General Meeting in relation to the 'serious loss of capital' position, but it does however invite shareholders of the Company to discuss the position generally at the General Meeting.
Whilst the Placing, which will raise £187,033 (before expenses) for the Company, and the receipt of the £147,857 subscription monies for the New Convertible Loan Notes will not result in the Company's net assets equalling or exceeding half of its called-up share capital, it will go some way to addressing the position."
Make of it what you will, but I think shenanigans are a foot somewhere.
It says in the first paragraph that BJ has no further interest in the ordinary shares.