Member Info for bloch

MilkyWay - "well done Bloch u cost this guy a £700 loss" Anyone who has been influenced by me regarding this share and has sold is financially better off. You must all get out of the mindset that you have not lost until you have sold. When a share multibags nobody talks that sort of nonsense about you have not gained until you have sold. If the stock is down then you have lost. If the stock is up then you haved gained.

The real 'ouch' is a new tranche of shares being offered to the market hence the 11% drop and the 50% spread. How many the MM have to get rid of will determine how quickly the original open prices return.

fulmar29 - " Perhaps everyone in BOS hasn't got a life either.GLA" Believe me they haven't but your wages is going to change all that.

Look BGL is padding itself out to look like its a FinTech company going places. Well it isn't. They have no intention of listing in the US either. It is an AIM stock that will issue vacuous RNS announcements to pump itself up whilst issuing ever lower priced diluted shares. If these people are so brilliant why after 15 years of trading are they coming to market with no revenues, loss making and with net liabilities. WORK THAT ONE OUT.

Shukan - "am selling on Monday - Bloch has frightened the living daylights out of me!" I don't mean to frighten you I am only trying to get you and other PIs to understand how the AIM market operates in 2016. Once you purchase a share and decide to hold you are an irrelevance to the company. The company does not need you. You are a nuisance. As a PI you cannot buy enough shares to influence any votes and you do not work together to create any kind of shareholder pressure. The only PIs the company is interested in are new buyers to raise new funds. In today's markets stocks cannot mulitbag unless everybody associated with the company loses temporary control. What I mean by temporaty control is an announcement the company did not see coming. A takeover approach. A major oil find. A succesful drug trial announced by the US FDA. Under these circumstances the shares can race ahead with everybody caught unawares. However the directors, brokers, nomads and MM will soon catch up by issuing millions of discount shares so that any demand is lapped up by thema nd not existing PIs. But hopefully if you are a smart trader you are out by then. If you hang around in the belief in mega returns and dividends in years to come you will be dissapointed. For by then the company would have grown five fold but with five hundred times as many shares in issue. So the shareprice would be even lower than it was before the big news hit.

That is where I got my figures from and the fact that Capresi and DJFT will not convert before the conversion. However experience has taught me that the MM forward sell stock irrespective knowing the shares will be delivered at a later date. This is why I suggested that the billions of shares traded to date is unlikely to be all Darwin but a mixture of Capressi and DJFT shares as well for which the respective companies have no involvement.

I don't believe the mistake is in the admin doc or the RNS 10/06/2016 but in the RNS 13/05/2016. Irrespective its only £25k and will not effect or delay anything. There was also the error about the company notifying the markets 10 days prior to the admin doc. No such rule was required as I and edde pointed out. The 10 day notification was for admission to AIM not the admin doc.

graham-wales - "What about the loan notes issued to Capresi and DJFT do they have to be converted prior to RTO or can they be carried over" The loan notes for Capresi and DJFT can only be converted after the RTO as per the page 13 ntm doc. If you look at page 12 of the admin doc you will see that after admission Capressi advisory fees (note to be confused with the loan notes) amount to 1.075m new shares and director performance shares amount to 6.4m shares. This will give a total shares in issue of 57,526.400 dropping your percentage to 13.03%. Things don't end there along with the Capressi and DJFT loans there is the performance share dilutions which are just absolutely staggering. Directors can issue another 17 million shares when certain performance targets are met within 24 months. Lets do the maths. Assuming there is no other shares issued over the next 24 months other than those already mentioned in the admin doc there will be a total 77m shares (rounded up). 1. 57 million on admission 2. 17 million performance shares exercisable within 24 months 3. 1.25 million Capressi loan notes £100k/8p = 1.25m shares 4. 1.25 million DJFT loan notes £100k/8p = 1.25m shares Your holdings will be down to 10% in 24 months of the enlarged capital assuming no more shares are issued than already mentioned. Now of course should they start utilising the reason for the listing your holdings..........well lets not even go there. At the end of the day MT and BGL have put up all the money why should they carry you. If it wasn't for them you'd have gone the same way as SER and all the other dead mining companies directors like MR have rinsed.

Milkyway - "So what- the trade is now with Darwin out" The admin doc has already taken into account Darwin being totally out before the RTO. With Darwin out the strike price of the consolidated shares will be 8p. This is equivalent to 0.0047p today. It is unlikely that any movement in FTE share price between now and the RTO will effect this price because FTE shares at best will only comprise of 15% of BGL with the new shares comprising of 85%. If FTE shares were to effect the new shares it would literally be a situation of the tail wagging the dog.

graham-wales How they are going to address the issue of increased shares by Darwin converting is to increase the consolidation. Take a look at page 17 of the Notice to Meeting. No matter what happens there will only ever be 7.5 million of old FTE shares if the RTO goes ahead. If Darwin convert everything there will be a total of 20,405,741,71 FTE shares. They will get consolidate 2720.7 - 1.

nickg07 Read the admin doc. FTE/BGL will not be investing in the projects any further as they are now a fintech company and looking to dispose of them at minimum cost.

cmi-"Billions of shares? And how much are these billions worth? There is no point referring to share quantity when value is this low." Again you are correct with another one of points. People are not interested in FTE or BGL what these penny share punters want is a dream of 10 million shares being turned into £1.00 to make them millionaires. It is the dream that is attractive. The lower the share price the bigger the dream. You are right the value is nothing. Speak Later.

cmiyc - "Most people are loosing here" You are spot on If they're losing since last friday having bought as low as 0.0042p (according to Shukan) what makes you think anybody is going to start buying at higher prices to regain their losses.

cmiyc - "With Darwin out why would share price not rise? Who else will be selling large chunks at this level?" Likewise who else would be buying in large chunks at higher prices. With Darwin out you will get a standoff until the RTO. When BGL start raising working capital at lower prices that is when the buying will start again.

No that is the first post of mine you have read in three months as you have had me on filter. Try reading all my other posts and you will understand why stock you purchased last friday at 0.009p is now valued at half that price.

knic0146 - "WRN for example with just 25m shares in issue rocketed from around 3p to over 200p in a short period." ....and about two days later it collapsed back to 87p and was suspended. That was two years ago nobody has seen their money since,

bah1 - "Yes on Halifax tried dummy sell. Just over 91mil offered 0.0031 tried buy 0.0036 same amount." Yes and where are the 91 million shares coming from to buy at 0.0036p?. Put that question to your broker.

LEJOGB440 - "Who's looking forward to the RNS this morning." Like the condemned man sentenced to death who states "the real fun only starts when my head is in the basket"

Milkyway - " BGL is full funded for the next 12 months , admin doc page 84 working capital" For those who haven't read the admin doc here is the statement:- "the working capital available to the company and the enlarged group will be sufficient for its present requirements, that is for at least 12 months from the date of admission." That is a standard statement and a legal requirement. Companies going bust during the current financial year cannot list on the LSE. BGL does not state it has the money in the bank for the next 12 months and therefore will not raise further funds. It states it has the working capital available. This is100% correct because working capital allows for funding raised via the London Stock Exchange. If they are not using the London Stock Exchange to raise funding over the next 12 months then what is the point in incurring the costs of a listing.

Washers - "Bloch thank you for clarifying your earlier statement was not factual. It was very misleading which was clearly your intension" It was misliading to you because I can tell by contents of your posts that you are an inexperienced investor.. You claim I know no more than anybody else. I disagree. I told you the collapse that you're witnessing was going to happen. 5, 10 and 50 bagger on return from suspension people like you screamed. The shares have dropped by 50%. Furthermore penny share punters like you seem to think the collapse is to do with Darwin well it isn't. You think that when Darwin are 'gone' as you put it the share price will start to rise. Well it won't. The collapse is the fault of BGL. The markets consider the company and therefore the RTO to be worthless. BGL is not an oil company where you can discover a billion barrels next week it is a start up business applications company. I would not even call it a FinTech company because I have seen nothing in the admin doc or on its webstie to suggest it is. We know of about five directors and six managers who all require payment for their services never mind the staff. It is a start up business applications company coming to the market with zero revenues and net liabilities. Commercial revenues from their business applications are about two years away if any off it ever takes off. The signs are not good so far because Meetingly has been around since 2002 Between 31/08/2016 - 31/08/20218 they will isssue vacuous RNS announcements followed by discounted placings and with every new dilution and reduction in the share price attracting a new wave of penny share punters just like what has brought your goodself here.