Member Info for barnetpeter

It got rejected. The price has halved. Tech in the UK is a dirty word. It is one key reason why companies do not want to list here and why the FTSE is still full of mining companies and banks. GST is a tiny company may do well but the days where the UK was the most innovative country in the World has long gone. In reality it was probably 10 to 1 against getting approval. Old fashioned thinking dominates more and more and the refusal to fund anything new will see the UK continue its drop down the World leagues on growth and wealth.

Once again a tech company is rejected in the uk. Is it surprising that we are almost a tech free zone? Of course not. No support here for anything techie at all. Meanwhile the US storms way and every innovation goes there. How many of the Worlds top 50 tech companies are listed here? You guessed it. Nil.

Opening price will be way below those levels Jock. The company has a mkt valuation of nearly 70 million with all this uncertainty and possible demands of 36 million. Prem has been here before. Often. Not dead by any means but the valuation of nearly 200 million a few weeks ago looks a tad high. Investors have been talking about Zulu for more years than I care to remember.

Aimgambler. No. Those directors won award after award. The best around people said. yet they sold the company at a fraction of worth imo. I wont be surprised if BSFA reaches a similar deal.

Hate saying I warned but I do know Prem like the back of my hand after being in so many years. I doubt this is the end of the company because George has got out of a lot of scrapes in the past and this is just another. The company has nothing much to sell though so dont count on that. Zulu has been up for sale for many years and was going to be floated etc etc but they all want to pay a tiny amount to the administrator.

Previously the shares fell to 50 a penny so there is a long way down yet. But dont write off George yet.

The mkt is dubious despite the good news. Maybe a placing at 8p or the company will be sold for a pittance.

18 months ago the directors of BOTH sold most of their stock at 24p in a special placing. Last week they decided those shares were actually worth just 5.25p.

Directors of small companies like this should never be trusted. Despite all the good news the share price has halved. I dont know but someone does and you will be paying. I have a freeroll here and I wont be buying more here. Most on here will be lucky to get your money back.

A fair deal indeed in difficult times. Plenty of new cash coming in and more from warrants as and when the price hits 1p. I will probably sell the stock I bought below 0.5 if we see 0.9 plus to reduce my holding here to reduce drastically my average. I have ended up with far too many of these...I could not see this going broke myself. Far too many quality assets.

Last time prem fell for three years to 50 shares a penny. They did four primary bid placings with few takers. My guess is prem will at least halve from current price but George will raise money from somewhere to keep the lights on and his salary paid. It should have gone bust years ago but George manages somehow

So the directors sold much of their own holdings to investors at £24 a share. 18 months later most of the same directors decided that £5.25 was a fair price for those same shares.

Business has been going well , no debt issues. Not great is it.

31 March 2021

Best of the Best plc

("Best of the Best" or the "Company") (LON: BOTB)

PrimaryBid Offer

Best of the Best (LON:BOTB), the AIM quoted provider of online competitions to win cars and other prizes, is pleased to announce an offer for sale via PrimaryBid (the "PrimaryBid Offer") of a maximum of 41,666 existing ordinary shares of 5 pence each in the Company (the "PrimaryBid Offer Shares") at an issue price of £24.00 per PrimaryBid Offer Share (the "Placing Price"), being a discount of 16.08 per cent to the closing mid-price on 31 March 2021, pursuant to the sale of existing Ordinary Shares by certain Directors of the Company and their family (the "Selling Directors") as announced earlier today

Last time prem hit 1p it fell after placing and more placing to a low of 0.02. 98 per cent fall.

This has been going on for over 10 years now. George Roach tendered his resignation but never left. He raised money to float Zulu but never did. Those who paid 80 to 100 recently.....and lots did....are down 50 to 60 % in days. Of course they are. Ever thus.

You watch the mugs pile in and average down and lose more. The next 5 placings are probably in the diary. There is only one prem and somehow it seems to suck out money rom private investors. How it has survived all these years......George is fantastic at that. Wait long enough and another huge ramp MIGHT get you out. More fools.

800p before the results in July. Should be fantastic. No....change that. Will be fantastic. They have told us that

Polo has disappeared it seems. Why anyone would buy this dawg after that I dont know. Maybe ask Tang where the money is? His investment in this was always a disaster.

Just holding above 30p level.....falling knife.

So if that breaks? Impossible to know. 28p to 25p perhaps. Lows of 18p would not shock. Are things really that bad? The share price is saying yes. But I would be a buyer at some stage as the company has a lot of brands. I doubt this will race up though so I would add slowly and as a punt.

Asos hit £60 during Covid and now just £3. it could be that shoppers are cutting back on this type of fashion. Or back to the High Street. Either way, a lot of bad news is in the price.

Terrible. If 30p breaks then 24p is possible. I sold a load recently in the 40's for break even and I never saw this price. Cannot think the company is in this poor state but buying falling knives is bad. Most on here bought at 200p plus I reckon. Lots were raving about it then. It is now a punt and most will never get their cash back.

The total debt owed?

Many of the investments made are near worthless. The stakes owned have been way overvalued and the sector is completely out of fashion. Investors want AI and tech. I did well out of these when it went to 1p after a forced seller....and we know who the big holder was.

So NSCI is falling off a cliff as the big holders dump. Another 10 per cent today. My guess is the NAV is less than 50p based on the prices that could be achieved. I think a lot lower is on the way. At some stage things will turn but not before some big discounts placings and so on. The mkts are just nasty at this time.

Sorry but I think many of us will take a kicking on this. It has rather come out of the blue. The company has no money and debt of 11 million. The share price is falling every day.

Expect the shares to be suspended one morning. The administrators will sell this for a small amount. Someone will make a fortune out of WBI in time when it has all the debt and liabilities written off. It wont be us. Dreadful. Makes me sick but that is capitalism.

Who wants to sell? To buy what? Another ramped dawg? After the fantastic rns that simply said business is booming?

Some will of course.

Why is "Fantastic run!" negative? The idea of a MB is to discuss different views. People are losing so much money at this time on the mkts that is good to be involved in a big winner...up 450% from the 52 week lows. I agree with the title....I think the best gains are here and buying at these levels is a bit bonkers myself. Just my opinion. People get carried away and some on LSE like to be reminded to cash in a few when every post they read is bullish.