Member Info for Bennster

PS HandspringGuy - if this passes 20p, the first thing to bust will be my blood vessels - followed by my mortgage.
I am daring to dream ;-)

Startart - may or may not be a winner. We all have to reserve judgement.
The big show right now is obviously the KPOP element.
The SP value will be underpinned by Bricklive turnover covering costs, then the KPOP revenue delivering profit.
I am not convinced by Startart yet - so attribute no value to this. It's a value bonus at the moment and nothing more.
If that turns into a winner on top of Bricklive and KPOP, we really are in clover ;-)

Worth clarifying
There is a world of difference between being "legal" and being moral.
I think most of us have never accused TB and the rest of doing anything illegal, but what they have done is *IMHO* immoral.
To buy and sell as an insider, especially when you profit is wrong *IMHO* when you don't allow private investors to move with you.
The vast majority of small investors are deeply upset with the dealings of TB and his associates - without making accusations of illegality - because it's clear from RNS he has profited.
I am also fed up of anybody mentioning COVID. The RNS dated 25th Feb is CLEAR.
Forget it. CX300 may yet be useful for sepsis and bladder cancer, but NOT FOR COVID - please read the RNS.
Castle - it's time you fronted up - stop posting COVID ideas without backing them up with real info - try relating your evangelical posts with the reality of the RNS from Feb 25th

You need to be more "hip", "down with the kids" and "make some shapes" apparently ;-)
That's what my kids tell me anyway......
This share is making some nice shapes of its own this week. enjoy the weekend and let's see what Monday brings.

good luck topping up tomorrow ;-)

good point, well made.
Long has it been said you buy on rumour and sell on news.
I do also believe in the long run this has much further to go, so we roll with the trading waves.
HandspringGuy (AKA Dad dancer) is right about round numbers triggering limits, so not a shock 10p has caused a retrace.

I would anticipate year end results in June as per last year, so we may have to wait a little while...

It's never simple to work it out - that's Paulscholes' point I think....
*IF* BRH are burning cash at the same rate as 2021 then the August placing was necessary for general working capital and therefore the latest placing would be also. Your challenge on bankrupcy looks very real....
*IF* BRH have reined in the ongoing investment then they may have had £800k left in August to buy Autins stock.
They would therefore now be looking for more cash, hence the AGM called recently.
Paulscholes got it spot on - year end results and some clarity on the position with regard to a lot of this would be very helpful!!

correction - annual cash burn in 2021 of £4.6M including employee benefit costs
That would mean the cash balance at March 31st would last just less than half a year....

I have checked the March 31st accounts - BRH had £2.1M in cash at that point and were burning approx. £3.3M per annum in that financial year on ongoing financing and operational activity.
That would suggest by the time we get to August 2021 and the placing that BRH would have quite a bare cupboard?
Happy if can shed any light on it for all our sakes.

How do you know they had £2Mill on the side Armagedon - and if they did why raise more, other than to give TB a slice cheaply?
I thought BRH emptied their coffers on the "special dividend" at the start of 2021?

yep - absolutely.
We do know that just over £800k after the £2.5M placing was used to buy an expensive stake in Autins. We are left guessing if the rest has now gone, and if so on what? We fear it's gone on the CX300 and that won't pay back for a long while yet.
Phasefocus was inflated on the balance sheet, so we know there's potential there, but we may have to wait for year end to get the lowdown.
The recent placing (this week) does have a caveat on it in the RNS - that could be used for "general working capital" which is a polite way of saying they need to pay the bills....

Hi Paul,
I agree with you about the lack of news on all the rest of BRH's investments, but as far as COVID testing is concerned I think they've been totally clear:
The RNS dated 25th of February – Operational Update (I thought) was quite clear and final:

First Paragraph
“The UK Government's decision to rapidly wind down the testing and isolation requirements for UK citizens and travellers to the UK has abruptly changed the nature of the COVID-19 test market which has led to a slowing of discussions with the remaining potential acquirers of Paraytec Limited and its COVID-19 test. It now appears unlikely that Braveheart will be able to conclude a sale with one of the remaining engaged parties at an acceptable price in the foreseeable future.”

I read this as – sorry – there will be no COVID only test sale.

Second Paragraph
“Braveheart's board believes that after the completion of the prospective clinical study, scheduled to be concluded by the end of June 2022 and provide clinical proof of concept of the CX300 technology platform, it would be in the best interests of shareholders that Paraytec focus on the development of the sepsis and bladder cancer applications for its technology.”

I read this as – sorry, the technology still has more tests to complete and they will conclude in June. After that we’ll concentrate on Sepsis and Bladder cancer applications of the technology.

I would love some clarity on the rest of the investments, but the COVID evangelists are peeing into the wind.

Yep - any kind of churn which allows the price to settle and then go again next week is helpful.
If you hold long term, volatility is not your friend - and it can disillusion new faces who feel "spiked".
We all believe there's a stream (pun intended) of news to come, and of course the concert hasn't actually happened yet.

Easy tigers :-)
I'll take 5% blue every day and so far so good.
Bound to be some weekend profit takers, this thing is shifting fast and it'll be a traders share for a while now.
I'm certain most of us here are still holding though.
Popcorn at the ready for the release of streaming news.

That is colouring my thinking I have to admit Halma - other investments have done more than enough to recover this mess, so I can call it "easy come easy go" - although I respect not everyone is so fortunate and every one of us has to make that decision on its own merits.
Genuinely wish the best to all, whatever the target.

Average now 27p after the big average down I took in February.
I reckon if we get close to 25p I'll consider cutting my losses, not sure I want to "hold for gold" and spend another 12 months cursing. Still optimistic we'll see 25p at some point towards/just after year end.

OMG. I step into work for a day and come back to this.
I have a nosebleed!!!
My target price when we announced just the May 14th KPOP was 10p. With the second day added I thought we were we're aiming at 20p for year end.
I'm in deep here and the only fear I have is just how skewed my portfolio is towards LVCG now this share has nearly trebled since the start of the year.
I'm going to need serious balls now to hang on without topslicing.....but so far my grip is strong. Time for a bottle.

I hope you don't "dad dance" too... ? :-)

We, the little PI's, got a landmark NO to stop this happening at a click of a finger.
So they used their authority for the year just ended to do it anyway......