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and just to add, the 50 MA is just about to cross the 200 ma on the daily chart (blue arrow). which makes me think some news about to land, (that will make the volume required to push it up)..
happy to hear from the more experienced chartists though...
https://invst.ly/b9xvr
you can see it clearly here...
https://invst.ly/b9xkr
Yesterday you could buy for 25 (which i did), now you have to pay 27.3 and i expect it will be much more over the next few days.
You need volume though, we only had 5 trades so far today..
it is sill going up following the ascending support line which started in January...!
https://invst.ly/b9xfl
Im on live prices on LSE. It's not down. It's flat. All depends on buying etc...
TRA your graph was wrong it's down today ???
Well said Slowlyslowly and Jace86
A lot has to be agreed on but happy it's being handled well with no need for suspension.
Spot on slowly and it's important to remember that a RTO is far more complicated than an IPO.
Think of how long it just took to dispose of PSL from when it was approved. I'd expect news though before/by the AGM as I'm sure work has been progressing for some time now.
With this shell being aim listed, think too of all the extra bodies that paperwork has to pass through all because it is over regulated.
I think some are panicking because there is a delay. But an RTO is a huge piece of corporate law and finance to enact, and that's once the informal negotiations have concluded favourably. It takes time - of course it does.
What we all need to remind ourselves of is that the alternative to delay-without-news is not regular updates, but delay-with-suspension.
The RTO will take the time that the RTO takes. We private investors can't stand at the bar drumming our figures and expect things to go faster as a result.
We could be given updates along the way. But as soon as too much is said, they'd have to suspend the share to conform with AIM Rule 14. We'd then have just as long to wait, but nobody would be able to buy or sell until the admission document is ready.
Fortunately, everything is being handled professionally, so that has not happened. That means the market is open - people can top up, top slice, or sell out if they need the money for something else urgently. Sadly, probably, some are losing faith because of the delay, and selling out unnecessarily. I'd still rather they were free to do that than that everyone loses the right to buy or sell any BOU.
Another View on BOU.
My focus has been on the most significant holder Antos Glogowski who now holds 15.85 (18.85 warrants exercised post RTO).
Point to include. When Antos first showed up, he took just over 20% of the company, following placings by the only pirate on this ship PH, his holdings were diluted along with ours. He was then included in one placing to maintain his holdings and after all the shareholders along with Antos Glogowski blocked PH from further dilutions thus the Open Offer. We've seen buys in the open market of well over 4%, they belonged to Antos for prices 40% higher than today's price, (in case you wonder if you should buy now).
BOU was formerly PSL, Antos Glogowski for some reason showed great interest in the PSL product range. Some people believed that was his only interest. He later bought PSL from BOU, taking on all losses etc for a £1. After this he has remained and shown great interest in the cash shell BOU bu privately buying 3% in warrants of PH at a suspected premium, he has to pay 'again' to exercise the warrant, double the cost. This for me shows his determination and serious intent.
The last rns hinted at the medical line I believe, CBD has been mentioned, it could be cryptocurrency, it could be a lot, there has been no leaks, though we got one speeding ticket and a lot of such things when PH wanted to harm all shareholders. They have been bought out and like everyone knows, all on board have the same goals.
We are waiting for high tide (AGM) to throw the 'enemy of progress' off, or he can jump now. Antos has a treasure map for Gold. Coeur Gold.
Do some reading on Antos Glogowski and Allan Syms.
I've been in since were first notified of Anto's purchases and although I have read every RNS and LSE post since then it is nice to get a summary of what has happened and what we are hoping for.
Helps keep the faith and why we purchased in the first place.
Thanks all for explanations!
here is my take on it, obviously make up your own mind but this is my thoughts:
the company is a cash shell waiting for an RTO announcement
the remains of the previous company PSL has been bought out by a significant shareholder.
the same significant shareholder has repeatedly bought into the company at various times, open market and OO (and various prices) and seems to mean business (he currently owns 15.85% of the shares)
this same significant shareholder has many contacts/positions within other companies, some of which could be looking to float or RTO using BOU as a vehicle. (talk of gold amongst others)
the company has brought on board a new director who has a history of IPOs/RTOs and himself is holding positions in a few other interesting companies
there are plenty of positive things in the RNSs if you look carefully, not glaringly obvious but little snippets of positivity.
the board are understandably not giving much away as if they did the share would have to suspend.
this is why many are holding and waiting.
DYOR and don't take anyone else's advice, instead use it as a starting point and make your own mind up.. ;-)
Clean cash shell. One particular individual bought a large number of shares shortly before it became a shell. Previous trading business owned by the company sold off to that individual, to ensure the shell is now clean. An attempt to raise cash with a placing that would dilute existing holders was blocked by shareholders. Instead, the board set up an open offer to give existing holders the chance to maintain their proportional holding. Company is currently seeking an RTO, agnostic as to sector. The major investor has many private businesses - especially focusing on gold mining and renewable energy. But a recent RNS also hinted that health is a possible industry, and so we note that the newest appointed director has many fingers in those pies. The broker held warrants for 3% of the company post RTO that would act as their reward for leading the company to complete one. They've been paid off early by Antos, who now holds those warrants (we don't know what he paid for them), and he can exercise them once an RTO has succeeded. Because the broker has been paid for their services, the interests of major shareholders, PIs, the board and the broker are all aligned. And we wait for news.
Fair play to you for asking openly, and I can understand why this share my be confusing to the new investor. The year end accounts and losses are for PSL, a previous company entirely, that have since been would up. The company now takes shape as a AIM listed cash shell with one goal only - a reverse take over from a much larger company (whose goal is to list on the stock market). We have a significant shareholder called Antos Glogowski, who has a track record of success within various industries, and crucially, he gains 3% more shares on completion of RTO - clearly in his interests to do so. We also have a number of other parties involved within Bould who have a track record in this kind of transaction.
The current mcap of the company is based on little more than sentiment - every long term holder here knows what the mid-term plan is.. Within a few hours/day/weeks/months, we will have a proposed RTO which will make everything much clearer. At this point, the masses will come flocking, increasing the current share price to 2/3x its current level - and will increase from there over the following weeks.
From then, after RTO completion, you will probably have share consolidation, but a huge return on investment from here - maybe 5/10x depending on the size of the parent company.
All my own opinion - do your own research, but I'm holding AT LEAST until news of then proposed RTO.
I did and have read: losses, issue of shares for 6M , ... Nothing really positive at the moment. Thats why I ask here, maybe I m wrong
read through the RNSs dude. All the info you need is there
Why should men invest in this one? News expecting in short notice? Just curious in potential gains...