Member Info for BIGBangs

The delay is my only disappointment robort, as people will believe they can trade elsewhere and have plenty of time to get in here - I don’t think that will be the case but there is no disputing the allocation is over a month away - lots of detail to come and it’s all good.

I don’t know about anyone else but I have taken the opportunity to double my holding today - now just a matter of waiting. ATB

Don’t know about you Usain but nothing is free - I get stressed enough trying to make the right buy/sell decisions without worrying about being screwed because my broker may not be up to the job - but great I saved £5 in dealing cost - as you say we do not trade on the platform so have no dog in the race.

Schhhhh - buy before they realise.

Paying cash in that way would presumably present the holder with a tax issue - taxed as dividend not asset(Capital Gains) and therefore much higher rate. No disrespect intended but why trade on 212 if they do not provide a proper service?

I agree.

‘ Where a dividend is declared in cash, but satisfied by a transfer of assets, it is called 'dividend in specie'. ... A distribution in specie occurs where a company makes a distribution of an identified non-cash asset, such as without first declaring an amount in cash.’

Alwaysone, I read it that you have to be on the register by close of play on the 29th October, presumably that means you will have to buy before then as with Ex Div date. I did add a few at £1.30ish but am more confident to add now as the road is now clear just the value of Stem to be determined which will quickly be reflected in the SP.

Not hard to say Dave, impossible to predict at this point.

The £3 million figure is only nominal and therefore irrelevant so please don’t worry. This is the first part of the news we have been waiting for. If you are a TILS shareholder in October on the date of the split you will get a listed share in Stem the value of which will be determined prior to issue and subsequently by the market. This is all good.

Take the bet TG, JB has himself confirmed that on Friday he will be selling the final 0.66%.

COPD underpins the investment in Covid - RNS much more significant than the relatively small rise would suggest - added.

I have just been reading through today’s twitter exchange with JB - I honestly believe he would be much better served posting on here than twitter where many of those he engages with seem to have no idea of the history or the market or the loss that JB has suffered to put himself in the position where he can exercise a vote. I certainly don’t agree with or condone a lot of the comments on here but at the very least most are invested and have some idea of what is going on.

It will be an opportunity for JB to see how many small shareholders are truly with him and potentially give him time to change his battle plan if things do not turn out the way he/we wish.

Moses I don’t think we lose anything by voting to remove RL and NK at the AGM if anything it will increase our opportunity.

Little comment has been made today concerning the AGM notice - I believe it gives like minded shareholders a legitimate opportunity to vote off RL and NK in a relatively uncontroversial manner - I will certainly be taking that opportunity. Assuming that JB saw that as a good enough indication of intent he could then buy up a chunck of shares - hopefully 29% - and easily get a seat on the board potentially even Executive Chairman leaving the position of CEO for GC - happy days.

I don’t think any buybacks have or will be proposed - as is normal practice the BoD are simply putting themselves in the position where they could buyback if the circumstances were appropriate. The most effective use of funds would be to buy back bonds as has been suggested before - JB agrees.

Itsagame, JB has mixed it up - the AMGO shares we hold are 0.25p as you say - the board cannot purchase shares below that price (thankfully unlikely) - or pay more that 105% of the last price the market paid (obviously this changes all the time). I think JB suggests that the board were proposing to pay 25p which is incorrect.

I agree itsagame very unfair and unreasonable restrictive from the beginning (IPO) although the full implications were far from clear if you read it - the thing is JB agreed and signed it. It would seem sensible to me that once RG’s shareholding went to zero from the original deal that all bets are off and the agreement falls away but obviously JB is not convinced this is the case and why I believe it would have been sensible to write to the BoD and get confirmation that it agreement ended below 10% or at the very least the reasons why they believed it did not which could then be challenged - following JB’s tweet they will certainly dispute it now to tie him down further. No other party is likewise restricted.

I doubt that it would but nevertheless I never suggested he stopped selling although that might have been sensible but he has had plenty of time since he started selling 1% per day to write to the board seeking their confirmation that once his holding fell below 10% the shareholders agreement fell away.

One of JB’s latest tweets suggests that the reason he is waiting until after he is voted in and approved by FCA before beginning his share purchase is that he is concerned that once he goes over 10% the shareholders agreement would come back into force. Perhaps if he had written to the board, as one might expect him to have done, and advised them that his holding had dropped below 10% and therefore the shareholders agreement had now lapsed - the reply he received from them would either confirm this, as seems most likely, or would have given him a clear understanding of the BOD’s view that he could then have potentially disputed. In any event how does that stop him buying 9.99% and using those shares in a vote whilst leaving the other 19% promised acquisition as a carrot for shareholders?