Member Info for bloch

Daisan - "I think that there may well be some sharks involved in this who want it to fail so that they can pick up the scraps" 100% spot on. I would bank on this surviving its AIM listing. As a profitably company that I am certain it will.

Well I told you all there was a big seller in the back round. He will certainly be looking to sell the rest of his stock but will not be able to shift all of them until the price is in the 0.002 range. So unless ECR pull a rabbit out of the hat pretty damn quick that is where the share price is heading.

SL100 - "The BOD messed up this company and brought it to its current position." No they did not. The listing was the company and the BOD successfully milked it for all they could. When the nomads eventually told them to F.O that was it. Plain and simple. Even at this late stage you still don't get it.

Nils The RNS is completely vacuous and if anything I would hazard against the new director has been put in place to facilitate another fund raise. Want you want to read is operational news that leads to gold production not another mouth to feed and further dilution to your already devalued holdings.

The fact that they settled with YA in cash is positive. They do need to get some operational news out now. Its been months since shareholders were told how they intend to turn this company around.

Oh and before I forget there's just one more thing. When''news' disappeared two years ago MRSnax turned up and started posting links that led to nowhere.

Two years ago 'news' got chased off this thread for littering it with the type of vacuous unresearched rubbish you have all had to endure for the past few days. Not a single post, connection or link he has mentioned has shone any light on where MTV is at the moment and certainly none even remotely suggests the company is coming back. I'll give him credit for one thing he has started putting paragraphs in his post, something he wasn't doing before until he got told off by gosh what's the guys name JoeLeford, fence, forge something like that I can't remember. Thanking LSE for the bandwidth, give me strength. If anything LSE should be thanking us for bringing advertisers to their site.

news - "Can we try to "attract" anyone to do a reverse takeover. £150k convertible notes is a tiny sum" Yes it is so why don't you remortgage your house and rescue the company with its120,000 shareholders.

MrPlumper - "So how much do you know about bos then bloch" No more than anybody else. Which includes the fact that its against the law to omit material information from the admission document. 54% of the shares are not in public hands therefore if the company announces a deal with Microsoft, Symantec or Unisys on the first day of dealings this is tantamount to insider trading. The independent report by BDO attached to the admin doc states the company has no significant revenues. It would not be permitted to make such a statement if it were aware that revenues from Samsung were about to be announced anytime.

MilkyWay - "That's correct NEWS FLOW imminent" Yes I agree and have advised many times before news will come thick and fast. That is what AIM companies that have nothing do. However news in itself is not enough to drive the share price up its the quality of the news that is important. MT and Co have been in this game since the Crimea War and have plenty of business contacts where they could easily issue positive news every single day. News you need to read is revenue enhancing contracts with household names. Signing a 5 year agreement Synopsis Pty from Wollongong New South Wales, Australia is not going to permanently ignite the share price. A few dunderheads may say 'wow' but no sooner is the news released then a placing will quickly ensue. Its the quality of news that's important not the news.

That Resolution 8 has been withdrawn merely highlights that it was utterly meaningless. If the directors genuinely thought the company and the shares would be performing postively over the next 12 months do you really think they would withdraw it. This is why the shares are down.

BRX7 - "2992 x 000024p = 7.18p" The two figures you multiplied are not related. If you want to know what the current mcap translates to in a consolidated shareprice multply it by 6.666 as its 15% of BGL. Mcap 300k X 6.666 = £2 million Now that is half the £4 million listing mcap so BGL should open at 4p all things being equal.

Hawke - "Anyone out there got any actual experience of an RTO. What usually happens does the price change to 8p with diluted shares then drops? Or can it actually improve." There are two types of listings. There is the type where the new company raises money on its listing which gives the company a real value. For example company ABC has new investors willing to purchase £4m worth of stock at 8p per share. Barring anything unforeseen the new shares will open trading at 8p or slightly above for the simple they have secured £4 million of funding at 8p per shares. There is the second kind of listing where company ABC shouts from the rooftop we are worth £4m but hasn't raised a single penny from the markets on listing. On the day of listing if the markets think the company is worth £4m then the shares will open up at 8p. If market thinks the company isworth £400k then the shares will open up at 0.8p. Of the two it is the second category that BGL fall into. The opening price will solely depend on what PI mug punters are prepared to pay as there are no listing investors. Over the coming weeks and days BGL will try to sure up the shareprice with a string of positive RNS announcements as it needs to raise funds urgently to survive.

bonker99 No buy-in price here for me. I cannot see anything of any value in this company. How can they be allowed to come to market when those they appointed to make an independent report state that revenues are insignificant. If revenues are insignificant then where the hell do they intend to get money from to pay executive directors, non-executive directors and more managers than the England football team have had.

MilkyWay - " If you follow Bos360 you will find plenty of exciting and interesting Fintech side shows all related to MT" Again I cannot disagree with this. News is cheap. MTV were publishing an RNS each week at the height of its dilutionary period in 2013 but none of it was revenue enhancing. The sole purpose was to entice PIs to invest at bottom drawer levels which eventually became basement levels. The truth of the matter is if BGL were bringing anything of commercial value to the Fintech sector they would have long since been snapped privately.

Shukan - " BGL will have plenty of news flow" That is the about the one and only thing that can be guarantee here. The news flow will come thick and fast for that is what will be required to shift the placing stock. The problem is the all the news will be non-revenue generating and vacuous.

LEJOGB440 - "Everyone loves an RTO." Yes they certainly do and none more so than the current directors of FTE and BGL.

bonker99 - "either going to lose the lot or see it 100x bag off a game-changing RNS" Its not going to 100x bag off a game-changing RNS its going to 2992x bag off a game-changing RNS.

Washers - "I'm sure we all want this to succeed." Milano - "oh washers there are a few on here that doesn't" And I am the biggest one of them all. Success for this company is picking up where FTE left off. Attracting hoards of new gullible PIs at ever lower share prices. Instilling hope in new investors whilst destroying value in old.

BRX7 - "Isnt there a placing right away?" RNS 31/12/2015 - "Post the share consolidation, completion of a capital raising (of an amount yet to be established)" Whether this is the same day. The following day or next year they haven't specified. But a capital raising there will be. That is the whole point of the listing.