Member Info for BIGBangs

Joey with all due respect you are talking rubbish - please stop, the exiting company structure is in place and all owned by the shareholders here, nothing is going to change that. I think the announcement was positive but lacking in detail. I am not sure we know much more than we did before other than JB has repeated his demand for the two guys to be given the chop - that in itself is not easy, they have rights, especially the CFO who is an executive director - I do think that can be solved by an agreement not to pursue legally and a cheque but I do not know how JB will feel about that. He makes further references to RG’s support in reducing debt but again gives no detail. It is obvious that he is as determined as ever to sort things out and I like the idea of a more international set up. RG now have less than 14% and will be selling down to zero unless something changes so the SP will be determined insatiably by the BoD response although frankly I would not expect that by Monday and following that it will be affected by RB buying up shares from zero to Influence a potential vote, bear in mind also that the ability to call a EGM requires a minimum 5% holding so presumably another aligned RG vehicle would have to start buying although if they did not have 5% at the time of the requisition then the process would start over. To sum up, I would have liked more detail, I would have preferred JB to be able to live, for a while at least with the two remaining directors he is against and for detailed Information on what investment his group were prepared to consider and of course on what terms - what we have are demands without an offer of investment from a shareholder with an axe to grind. At the end of the day JB is going to invest and will not be walking away therefore, the SP should rise in line with him acquiring a considerable stake or investing in another agreed manner.

Like everyone else I am on the edge of my seat waiting for details of his proposal. Just out of interest he cannot get full board control without this becoming a take over with an offer for all the shares - at this point I think that is pretty unlikely. Obviously however he goes forward it will be without the restrictions currently imposed by the shareholders agreement - he is unlikely to sign another. If he does buy up and convert some of the bonds - a route many of us are hoping for then the conversion to shares would have to result in his holding less than 30% or again an offer would be triggered - this can be waived via the listing authority providing it comes with both board and shareholder support. JB has put us into a strong position, he has done this because he may require our support - this means we are sure to be happy with the figures. I remain confident although like many a little nervous until new is released. ATB

It would certainly require shareholder support but if it was felt that ultimately JB was acting in the best interests of the company throughout then I believe most of us would back him. The SP should be much higher than whatever price he converts at. Presumably the BoD would do their best to secure the highest conversion price from him.

I was certainly expecting a higher SP today what we have would have been achieved without JB’s tweet but I remain very confident that the rise will come but perhaps not as quickly as I had hoped, the offer of a profit is just too strong for many and no one can criticise that. ATB

Well of course if that was true - and I certainly support the idea - I think the SP for this co with no debt would be 50p plus - taking into account the increased shares - onward and upward from there. ATB

Nickel, I just wanted to say that you have really come into your own recently with some extremely useful info and insight - thank you.

Well done Moses you were the 1000 post of the day - a very Happy Friday to all.

Well HH that would be quite a trophy. I’ve are in the final chapter of a great saga - JB has already stated that company was worth IPO price £2.50 (?) from the book alone and worst case £1 plus. If there are any prospective buyers out there and we know there are, then tomorrow is likely to be their last chance to buy a seat at the table. JB has the cash and the determination to make this company work not just in the U.K. but in Europe. I am expecting this to rocket from open - if it doesn’t I will add. If we get over 35p I might sell a few but I hope my willpower is strong enough to stick with this for the big return. ATB

We are thinking along the same lines then HH - it will be significant and positive. I’m going to break a rule and predict 35p/45p tomorrow, I might even cross my fingers.

Big gap up tomorrow pending release of JB’s proposal. I have suggested what I think/hope it might be but I would be very interested to know what do any other LTH think?

This is certainly on the cards now that DOJ settlement is out of the way. To be honest after the battering management and staff have suffered over the last year I do think it is for the best. If it comes off £3 must certainly be on the table.

I think you are right Mrnin it is much easier to manipulate the tiny US listing whilst they quietly build here. Share split news soon and much more - I’m still adding and confident. ATB

Actually HH, I was trying to add but failed despite my higher offer - I will buy anything around 15p this drop was predictable and probably necessary before the next rise.

Adding HH, my belief is that this has still got a Big rise in it over the next week at least. ATB

NT to buy had to put a buy order in for higher that ask.

Hi Fig, with JB it really is anyone’s guess but I hope he will buy up debt and convert - SP will rocket. He will want seat on board and robust policy towards FCA/FOS. I’m finally in profit (from c£300k Paper loss) but my resolve remains strong. 30p before month end but as each day passes my exit price rises. ATB - Hold Hard.

I think I am with you Mark. The last reports were sued in such a way to make everything seem terrible and I believe they will use the next one to put things straight. In any event by then we will presumably know what JB’s proposal is to the board and that is the big news here. ATB - Hold Hard.

Been a long time since I have had a pickled egg so I think I will opt for Margot Robbie instead - thank you.

The market is large enough for both ODX and AVCT Indeed it makes sense to have more than one supplier/developer, if anything AVCT SP should give you confidence.

WB’s oft quoted comment that the stock market eventually transfers wealth to the patient springs to mind but we certainly are being tested here. I am holding a significant number of shares and have no intention of selling but I really wish that a few of the many things we are waiting for here would finally fall into place. ATB

Technically of course JB could join the board anytime he felt like it providing he holds more than 10% - this is a term of the shareholder agreement , in fact many will remember he did rejoin but felt so compromised by what was happening that he quit. Although I am pretty sure he will once again join the board he is looking for other things than a seat at the table.