Member Info for Bebeto

From their trading update 5th December :

In addition, the Company is in receipt of a number of unsolicited approaches from potential investors and, in light of the findings of the costing exercise, is advancing these discussions while also assessing other financing options.

I take it didn't go well, definitely not for retail shareholders.

Makes me wonder if there's more to come from all of this.

Hi Poor investor, good to see you've still got a good sense of humour lol

LW is good at smelling a rat but the drill is fully funded now, not much risk until results.

GCAT dished out freebies like confetti, then became stuck being main market listed and needs a prospectus to issue more.

At least they are all out on the open here now.

It's to do with transaction settlement timeline, new shares issued on the 28th should cover it, if not the share will be suspended and some transactions unwound.

The markets have changed, being a LTH in small caps is a waste of time and money.

This has an upcoming fully funded drill, that's either going to make or break the company for shareholders.

No jam tomorrow BS only play within your budget.

The Bod shafted it's retail investors but now there's an opportunity for everyone on this funded drill.

The bottom line is if the company does well then we all do well.

Transparency is key, I'd rather see poor results than no results however bad they might be. Who knows might have even bought more, if you can see the turnaround potential.

The damage has been done and the drill is funded, there shouldn't be anymore surprises before results.

No because People don't like to see blunt truths and then it inevitably resorts to degradation and humiliation tactics, which I don't mind giving.

I think something like, short down from the 6p area to below 2p, make a decent profit buy the placing shares from the profits and sell the new shares at whatever price, if it's a loss then it's marked down as a tax loss.

Some of the placees most likely previously shorted this share down and essentially the new shares are already freebies, willing to sell cheaper than the book price.

Looks like this has been orchestrated

Taken from another poster on HE1, it could easily have been written on here:

...sell the dream, pump the price, hype the prospects, hook the punters then string them along as long as possible with the promise of jam tomorrow...

HNW investors would have absolutely no problem offloading shares regardless. Brokers top clients don't follow many rules IMO

It all depends on where the shares are held, I've sold locked-in shares before because they were in my account.

If they're kept within the brokerage account then you won't be able to sell (usually) it all depends on the brokers and how much they can be bothered to check.

Jeez... COPL today and HE1 tomorrow... they make RM look like an angel.

LW agree it's an exploration drill so the COS will be lower thn a development drill.

Not invested here but that's a massive discount for a placing, day light robbery IMO

The usual mates rates for the few.

Awful to see the drop over the last week for shareholders here.

I suspect they'll be a few people looking to trade this but be warned, this is most likely to be going into suspension soon and it may not come out of it.

Would be nice to have something to compare Q1 production with, there's no reason to withold Q3 this long.