Member Info for Bennster

The clue is the opening tweet from Maria who asks Carl all about the SP and updates to investors - Carl isn't the right person to do this as (quite rightly) it's pointed out that's not his job.

OK - sorry for being a realist again.

This is more likely to be price sensitive information being barred within a month of test results - we're now embarking on the test process.
Had BRH sold anything they would already have had to brief the market.

Interestingly when it comes to ISA I did just that this morning - I added 4500 more OBC.
I've maxed for this FY but come April I need to get some OBC shares out of my share account and into the ISA with the new year's allowance. Capital gains allowances are frozen at the moment, but I reckon windfall taxes may yet appear in future, so the tax exemption of the ISA is needed.

It's good PR Delferg and appreciate you posting it as ever - but it needs a "bridge" of its own to be translated into mainstream investor speak.
People with cash to put into AIM shares like to see boring stuff like EBITDA, net book value and sales growth.
I believe it will come but it'll take a bit of patience for real returns in the SP - in the mean time I'm very confident that OBC is cash/equivalent rich and will not need to borrow or place - now it's down to a return on investment for us.

I agree with you - the remuneration to Ranjit is a real facer - a company that can't pay it's own bills and has seen such losses recently shouldn't be paying that level to anyone - not until there's a demonstrated financial benefit to his work (which may come, but hasn't yet).
I haven't changed my belief in the long term prospects, so not negative long term, but there are valid questions that need to be answered from PI's like us who have received no dividend or meaningful capital accumulation, but have just been diluted (again).
Whatever profit is coming from KPOP just got shared out more meaning less for each of us.

Said it before - look at the 3 month BTC to USD chart and then superimpose on the 3 month OBC shareprice.
It's uncanny - and that's because OBC don't deal with conventional investor relations, so the market just lazily lumps OBC into the Crypto sector and it bobbles with BTC.
There is clearly stuff going on with UMBR price, bridge activity, ADVFN share etc etc. but it's all a quiet in-house story.
If and when the company is understood properly or it makes a material profit or pays a dividend it will have the market's attention and will re-rate.

It's SELLS you mean.....

3 block sells dragging this to 17p now.

FAO anybody attending on Monday:
I cannot attend due to business conflict so instead I have emailed my challenge (as below) in a slightly more polite manner to their investor contacts address. I have made the following statement and asked a simple question:

Statement - I believe it's very important that the management team bring this business model to maturity now. We must end the habit of distributing more shares and placing with institutional investors to pay bills or embark in new areas of business.
Directors owning shares is not intrinsically a bad thing, it provides incentive for this business to grow, as long as this is not done at a discount prejudicial to existing PI’s.
BUT if we need cash to pay operational costs from now onwards we should take the KPOP profits and other cash inflows and use them to pay. Furthermore in future we should restrict our ambition in new spheres of business to reinvesting profit and not placing any more shares.

Question - Please can you confirm that there are no further requirements or plans to place any more shares, other than to satisfy any potential 5p warrants outstanding with Monecor?

If anybody here is attending it would be good to see if there's any clear public response - if I get a reply I will share here if I can.

I think it's very important that DC and his team bring this business model to maturity now. End the habit of throwing shares about like confetti. I don't mind directors taking more shares as far as a message/incentive goes - they have a vested interest in this thing growing
BUT if they need cash to pay their own from May onwards, then take the Kpop profits and use them to pay the bills and in future keep to reinvesting profit not placing over and over again.
That will be a message on Monday

apologies - no idea why that posted twice!!

In theory trading debt for shares at the prevailing price is a neutral transaction - obviously today as the price just breaks 4p this will weigh slightly.
I don't believe the directors will sell all immediately but they may need some to pay the bills if this is in lieu of payment.
More to the point will it spook investors who fear that the cash has indeed dried up?
Coincidence I know but on the BBC front page an events organiser has just gone bust....

In theory trading debt for shares at the prevailing price is a neutral transaction - obviously today as the price just breaks 4p this will weigh slightly.
I don't believe the directors will sell all immediately but they may need some to pay the bills if this is in lieu of payment.
More to the point will it spook investors who fear that the cash has indeed dried up?
Coincidence I know but on the BBC front page an events organiser has just gone bust....

I know this has been asked before - but I can find no clue in the financial statements: do OBC actually hold any UMBR?
If they do then this is becoming material, but all I can find is the stock line that OBC are acting as an advisor and consultant for UMBR.

You're quite right there

and is also just over 17p......

Post of the day :-)

Huh. I am down on a COVID test share today because of Bojo.
One man's meat is another man's poison.......
Happily I'm smalltime on that share and much deeper into this one, so I'm having a decent day overall :-)

Ha ha! - are you suggesting Kim Jong Un doesn't want to get his glowsticks out for this one??

Look forward to more than just some chocs on the 14th then Tintin ;-)

I bet you're not alone Graphicboy.
The most important thing is that SP growth is steady and sustainable so that it sticks. Might take a little patience as we unwind placings, but it will get there :-)