RE: bbrq648 filtered.24 Oct 2021 11:05
LTH,
Whatever I have posted are genuine important messages.
According to Yahoo Finance the float is 35.68m
Note:
A company's float is a measure of the number of shares available for trading by the public. It's calculated by taking the number of issued and outstanding shares minus any restricted stock, which may not be publicly traded.
Furthermore, as per the RNS dated 14-Oct-2021, further dilution is possible as quoted below, “ Braveheart announces that, pursuant to the Share Option Plan, Trevor Brown and Vivian Hallam, both executive directors of Braveheart and persons discharging managerial responsibilities ("PDMR") of the Company have been granted options over 1,500,000 and 2,000,000 Ordinary Shares of 2 pence each in the Group ("Ordinary Shares"), respectively, at an exercise price of 31.5p per share, being the closing mid-market price on 13 October 2021. The options vest on 14 October 2022 and are exercisable up to 14 October 2031. The options are also subject to performance criteria under which the options can only be exercised if the average share price over a 30 consecutive calendar day period has been 20 per cent. higher than the option exercise price.”
And also to facilitate to BRH Management, it can be hypocritically assumed that no sale of Phasefocus is feasible till 12 months, and also an RNS would come with a date to give a share dividend to facilitate the increase in share price to activate the RNS dated 14-Oct-2021 to help them Directors TB & VH a total of 3.5m shares.
Hence it concludes that BRH Management had already facilitated to get more shares on BRH at 31.5p and further dilute the BRH share holders value.
This negative approach had made me to gradually sell with losses.
Please note that this is my assessment and request others to do their own research (DYOR).
bbrq648
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