Member Info for Bennster

Just because I can't stand some of the hype and evangelism on here doesn't make me totally negative.
I have accepted I'll never get my money back in full but I retain hope that in 12-18 months I can pick a less painful exit point.

Shardster - you have selective memory - so for your benefit here's the reality and it's not all bad....
BRH have carried Phasefocus at close to £3M at year end, but a year ago it was much lower - £500k roughly I think on the balance sheet
I expect them to sell Phasefocus at a profit and in doing so generate book value for shareholders, maybe a net benefit of 5p a share (£5.5M sale) I also believe that in 12-18 months there may be a clinical use for the CX300 - it won't be COVID it will be Sepsis or some other issue it helps with - but at present the carrying value of Paraytec is just £200k and I don't expect massive profit in the long run.
Result - the SP may make 15p fair value in the next 12 months with Phasefocus sale and we have to wait and see with all the rest. That's not negative - it's realistic.

Hilarious to see language like
"Stochastics and RSI,s are both at the bottom. Supporting internal patterns being retested fair value in my opinion is around the £1.60 mark. So any real news will light this sucker up and blow it sky high. Hold tight."

When someone points out that would be a market cap of £88M for a company with £6M net assets and almost no income you get a "deramper" tag and a share of the blame for the SP!!!
We all know what the game is - keep quiet unless you're going to post evangelical carp - throw in some "wowser, to the mooon" comment - or technical mumbo jumbo and with a bit of luck a twitter mob will descend and give us an exit point at some other sucker's expense.
Sad

For those who don't know the history here's a little "best of" Sharebel from this very message board and quoted verbatim:

06/07/2022 - Sharebel

This is moving fast like we all know it can - knock through 45 and no stopping us until 80’s! It remains a a strong buy with news that could drop any moment on Paraytec commercial partners - has there been a leak or investors finally realising how undervalued it is. When there’s such a tiny free float no chance on news of getting in (same over at OMI today) - take your positions now.

22/07/2021 - Sharebel

I think you’ve a split personality mate -make your mind up - anyway meanwhile it’s 40p to buy - anyone with half an ounce of brain could see that was a last ditch pre-rise tree shake attempt from MMs as they know this is going up here now - last week of July round the corner and only a few trading days left - entering news rich period with transformative positive effect on SP - you’re either in for the ride or out. I’m fully in, locked and loaded up for a jet packed ride on commercial venture news on rapid 2 min LFT and that’s simply for starters!

And here they come with their pathetic talk of the P word - WE ARE FULLY FUNDED and this classic tactic and mention of that word rolled out simply exposes the fact that these nugget munching shorters have not a clue about this company or what is in the pipeline via PARAYTEC on the near horizon or the amazing amount of products and culmination of commercial partner venture coming or indeed even possibly a buy out.
Now sling your hooks - I should thank you really for scaring the pants off newbies et al - I’ve just bought a huge amount super cheap once more!

16/08/2021 - Sharebel - and things have changed!!!!

Perhaps TW might bring TB’s actions to FCA’s attention lol - I’d actually for once agree with him- unthinkable! But trust from genuine shareholders and the BOD is at an all time low and that’s entirely their fault. I don’t think a partnership would be forthcoming it would have to be a sale. Who would want to get into bed with TB? He sullies his reputation and that of the company we are shareholders of each time he does this. It has to stop but he greedily wants another bite of the cherry it seems. So if reliance on LTHs wanes then this becomes an AIM trading share. That’s the effect. How many are going to now put in their hard earned and sit and wait to get kneecapped by Trevor and BOD allowing this again and again?
I’m livid with TB’s behaviour and VH and BOD allowing it - he couldn’t even present an open offer to his battered shareholders to participate in but greedily took a huge chunk at 18p for himself and his company. You couldn’t make up this behaviour - it’s outrageous and breathtaking to say the least. Why does he and VH never ever get held to account why do they get all the benefits of a kick in the teeth to shareholders discount sale price. Where are the other updates I mean what the hell actually goes on or is happening with

"Are you for real ‘Sharebel was one of the ringleaders’ lol no I’m a seasoned investor with money in this company so please refrain from making silly and libellous comments Bennster! I really don’t know who the hell you think you are dominating this board daily and making up things about anyone who posts a positive opinion or scenario!"

Nope - your post history here, if I could be bothered to dig it up from 2021 was all about how much you cared about COVID and how this company were going to help the good people of Britain - now you're just a hustler.

amen.
Getting to grips with the reality gives us all a bettre chance of making the best call for our cash (what's left of it).
To say TB has mooted (muted???) a dividend is absolutely false.
"remember 54 million shares is peanuts and that’s how we can move in blink of an eye and do 100/200 in a day on nothing" - WOW that sounds like a Twitter scam

well put

I don't like having to do it stxx.
I'm down here like many others - some of whom were dragged in on preaching and evangelism - Sharebel was one of the ringleaders with Starknight and Castlepaul.
If we don't face into the truth then more will suffer the same fate - and that I don't like to see.
I've accepted I've been hoodwinked and invested elsewhere to compensate for my loss, I know others have done the same.
I wish we could invest on the facts but with this lot on the message board and the directors at BRH there's fat chance of that.

For those who can actually understand the basics and need rescuing from Sharebel's fantasy world:
Dividend declared in January 2021 of 42.75p at a time when there were 37M shares in issue.
The price we got for Pharm2farm has no bearing on the present day.
Today we have Phasefocus with a B/S carrying value of £3M and 55M shares in issue (including the latest farce with Aukett).

you have some cheek Sharebel - calling my maths pants!!
Pharm2farm was sold when there were less than half the shares in issue today - that's why the divi was higher.
That dividend was NOT 64p either!!

54m shares in BRH in issue right now - more to come.
Phasefocus value on the B/S at about £3M (being generous) - let's say they get £5.5M for it so they do great work and make a big profit.
That's 10p per share returned to BRH and for that we lose about 5.5p per share in net book value. Millionaires we are not.

As for that wierd theory about selling Paraytec to Aukett - - - ???? Paraytec has a carrying value of £200k, unchanged since 2021. You think that needs an RTO to somebody else and suddenly it's a ten bagger? Feed the 5000 with 2 fish and 5 loaves of bread why don't you?
Paraytec has no buyers - read the last RNS - they are trying to peddle it to licensees now, but it is not the driver of value for shareholders - it is a long term slow burner.

£1.30 a share puts this shower at over £70M market cap with virtually no income and a net book value of £6M. Pure fantasy.

semantic - you are either a blind ramper, connected to TB, or a denier of the history here.
TB owned 25% of BRH when he paid a huge divi (so he paid himself) - he allowed the hype to take over then flogged his shares "double whammy".
He then bought back in under a discounted placing at a fraction of what he got for his shares - along with a "related company" FAB books - under all the COVID excitement and big hopes for CX300.
In 2022 this share has gone from 34p to now as FAB dumped, then for BRH to admit there's no cash in the CX300 after all.
BRH asked for the right to issue shares like confetti - we said NO, so TB bought more shares, asked again and got a YES by a tiny margin - now guess what?
Now we're buying his own loss making company from him. The criticism is NOT absurd - it's well deserved as far as most of us are concerned.
And for the record I was here before the special divi, but still find myself underwater here these days. TB is making a lot of money, on that we agree, but it's for him and his family only. NOT US.

I disagree HL - there were enough people willing to throw away their shares for a little over 3.5p over the last 2 days. The SP is a function of that behaviour.

Hurrah! some progress and a positive RNS.
The SP is still totally unreflective of the value because of the sector link to BTC.

I stick to the RNS.
I could add the relevant quotes in the last 12 months but everyone should do their homework.
Basically they tried to sell CX300 - no dice. They then accepted that Paraytec is not the main driver of value for shareholders.
Then they accepted there wouldn't be any sale and now they are trying to get licensees.
The book value of BRH is Phasefocus - the "intellectual property" there is strong enough to hit the balance sheet unlike Paraytec. We desperately need to wash our hair of this Paraytec obsession, that's a poor excuse to be drawn in.
Paraytec "may" offer some value well into the future, but only after all the testing, CE mark etc etc and it's proven to work with other applications beyond COVID.
In the mean time TB continues to keep his fingers in the pie and the value dilutes and drains from us.

Sorry - further dampener.
BRH haven't got enough cash to last the full 12 months given the burn rate at Year End.
More placing is inevitable and will be at a discount unless there's a miracle profitable sale incoming - for which there is simply no evidence.

some bad spellcheck there....

"looking bull**** !!".....fixed it :-)

oh great - that makes it all OK then.
#sqealpiggies

Beyond words!!!
Help yourself Trev. Get those fingers in the pie. Make a mockery of the refusal to let you issue shares like confetti by buying more, then re-voting so you can do this.
It’s a masterclass in destroying PI’s and milking a sham AIM company for his own gain

I thought I'd start a thread on what actually matters to BRH, just to be controversial.
For those who didn't know, or who had forgotten: BRH is an investment company, not a COVID company called Paraytec.
Braveheart have 18 listed investments and have absorbed 2 small ones into their accounts as effectively owned.
Lifted directly from the year end results:
"Two investments (being Kirkstall and Paraytec) that are considered as Strategic Investments by the Board are now deemed to be 'controlled' by the Company and as a result of this, those companies have been consolidated into Braveheart's accounts (but remain categorised by management as Strategic Investments). At the year end, the value of these two investments was £220,622 (2021: £220,622)"
So there you go folks, max. value of Paraytec is just over £200k - revenue £0.
"The fair value of the directly held portfolio, excluding the two companies now consolidated into the Company's accounts, was £4,716,080 (2021: £613,847)."
That's a big rise in carrying value isn't it? Anybody know what drove this revaluation?

Correct answer - Phasefocus!! Well done to all of you who got that right.

BRH has very little revenue and will rely on a profitable sale to return anything to investors. Given the last RNS spelt out that nobody will buy the CX300, I wonder what our best chance of a sale is?

In all the melee and hysteria about Paraytec and their "magic machine" it might be worth reminding a few of the reality here, and in truth the MCAP right now reflects this reality.