Member Info for Bckttsim

Exactly.........just what I was thinking.

The creditors think this is worth a hell of a lot more than £1.5mil ........ The main elements of the agreement are that £5.2m of the loan will be converted into equity equal to 12.5% of the company's issued share capital

"This is a turning point for r4e, as once the refinancing is completed it will lift previous cash constraints and allow all three principal r4e businesses to focus on exploiting their leading positions in the growing markets in which they operate." - See more at: http://www.stockmarketwire.com/article/5066182/r4e-agrees-restructuring-of-its-loan-facility.html#.dpuf

Although the turnaround in Reach4Entertainment has been a long time coming, it can be seen from the daily chart configuration in recent months that it has been brewing for quite some time. This is said in the form of the ultra oversold RSI seen in March – well below 10/100, hitting 7 at the lowest. This was then followed by an exhaustion gap reversal served up in from below the 1p level. The best highlight in the recent past was the recovery of the 50 day moving average now at 1.49p. This coincides with the floor of a rising trend channel from the beginning of the year, with the overall view here being that provided there is no end of day close back below the 50 day line, we should be looking at a sizeable recovery here for Reach4Entertainment. The best case scenario in this respect is seen as being a journey to the top of the 2015 price channel at 5.5p over the next 1-2 months. This is particularly hoped for while the shares remain above the former April resistance at 1.62p as they have during June’s very position looking extended “scallop” pattern. In the meantime any dips towards the 20 day moving average at 1.80p are regarded as buying opportunities.

£100 mil turnover £4 mil tax gain Restructured loans to save 40% of interest costs. Turnaround well under way. And this has a M/C of £1.6 mil !!!

£4mil Tax Gain announced yesterday

M/C of £1.5mil. Price does not take into account the fact the company has been restructured !

Hidden buys from yesterday showing

I am surprised more didn't cotton on to this company today. Big turnaround happening. DYOR.

Re-Rate beginning

Two small buys and up she goes. If only on the radar of a few more .

£100 mil turnover £4 mil tax gain Restructured loans to save 40% of interest costs. Turnaround well under way. And this has a M/C of £1.6 mil !!! Come On

Another off the radar it seems

we will record an exceptional after tax gain of around GBP4m as a result of the debt to equity conversion. This, together with the intention to raise new equity as part of the refinancing, will restore shareholder funds to a positive value.

£4 mil Tax Gain !!! Worth more than £1.5 mil M/C surely !

After restructuring RNS this should have risen to 5/6p .

Such a low market cap !

Priced to go bust , no longer the case.

Things moving up

News on the way, Bahar have received courts blessing to proceed with gold production which is very good for STI.