Member Info for Bottmzup

Have you missed the RNS at end of July that stated GAP certification was received? No I didn`t `miss` that RNS, I was really pointing towards the BRC food certs but just copied that line from the earlier RNS. Thats what you get when trying to put a post together after a bottle of nice Chliean Merlot :-) I did have the October date in the back of my mind but my head was a bit spinny. Anyway, end of month update should reveal more of where we are. Lets hope the break in the falling trend on Friday is the start of the end of the duldrums the sp has been in lately.

I don`t think there`s any `main reason to worry` about the food certs unless the results in the next few weeks state that they expect them in another couple of months! Maybe the break of the falling trend on Friday is down to a few `in the know` investors that know that the food certs are already signed. OBT employed Julie Dedman and her team of experts, to fast track the food certs, as announced on 27th May.... The Company is pleased to announce that, following a site visit to Tanzania, it has engaged the services of Julie Dedman and her team of food experts as a consultant and strategic partner to provide services for the facilitation of the route to market for various food products. The expertise and experience which Julie and her team brings will fast-track our certification process and quality of production leading to a more sustainable and higher level of route to market. Then in the 30th June results they still maintained that... GLOBALG.A.P and BRC site audits completed with certification award expected within next 3 months. So that statement must have been supported and confirmed by Julie Dedman and her team otherwise they would be asking for investors to lose confidence and patience and risk losing their support. This upcoming report at the end of the month is very important in my humble opinion, and I think if they don`t deliver some food certs then yes, its time to worry...or just sell as soon as you can on the morning of the results and wait for a significantly lower price to get back in....if you`re still interested. A good sign on Friday seeing the falling trend being broken, could be the start of the much anticipated move higher. Not long to wait now.

36p paid.....WOOPYDOO!! Are you the flag waver for this dog of a share? And Wont.

And Could Be, And Maybe, And Can, And Possibly, And May???

Are you talking to yourself? WTF is this `And May` shyte?

WTF is this `And May` shyte?

WTF is this `And May` shyte?

well bollux to you aswell then :-) ...don`t know where that `ux` came from!

Zup? You mean you didn`t have time to write Bottm...? Anyway, thanx g8!

And May? Woss that all about?

This is obviously being walked down to the support level of late Feb `14.... 6,38p! The next official update is late this month, with other pending positives ie the reorganisation and divestment of the forestry division, the food certificates opening up extensive new markets and plenty of momentum in the right direction. Mates rates??? All those selling in the last few days are being spooked by the global selloff, and today the sp fell by .25p on a pittance of volume worth the princely sum of £5319.73. The clued up traders are waiting for the bottom to grab some `very` cheap shares at, say 6.5p when the support level of 6.38p mid is reached, have a look at the chart, its a significant support. Long termers...do not panic, this one has plenty to offer in the short term, let alone the medium or long. Just a little more pain to go and I`m predicting this will bounce srongly. I`m not a genius or an expert, but I bet a pound to a pinch of s**t this will not stay at support for very long so be quick if you want to get involved or top up. Our time is close. I won`t select `strong buy`.... yet, but if you can buy at 6.5p you will not be sorry.

I wouldn`t rule it out either...after the interims.

It doesn`t matter, the fundamentals of the company are so positive that I could care less about it. In a matter of weeks we have the BRC site audit and award of certification strongly expected, which will open up all kinds of routes to larger markets. The decision on the award of the Brazillian forestry contract in this quarter. Timber divest news with a possible dividend arrangement to current shareholders. etc, etc. I could go on. Forget the imaginary buyback...we don`t need it to boost the sp, we just need a bit more patience for the other developements to come to fruition.

As I said at the weekend I intended to clarify this situation once and for all, which I have done today. It has already been largely covered during our discussions and with okenia`s posting of the AIM Rules for company`s document, clause 17. The company would have to notify the market without delay, ie the same day, if they had made any purchases of shares in the company for cancellation or treasury in a buyback. I was told that it should NOT be read as a definate that the/any company intends to initiate a buyback programme just because they had a resolution passed by shareholders at the AGM. I was also told that because OBT are in a closed period (ie 2 months prior to the next interims at the end of Sept) they would not be allowed to go ahead with a share buyback, so any large trades going through during the closed period will not be purchases by OBT. I rest my case.

thats a fair point jenks109, but would they be allowed to do that with regard to the point I made earlier about the total voting rights. The shares in issue would change every time OBT made a purchase so needs to be monitored for obvious reasons regarding the percentages. At this point I am not totally sure about the AIM regulations with this issue, but I will be making some phone calls this week for clarification. Aside this contentious issue I am still more than happy to be holding a significant part of my portfolio in OBT. The chart is currently showing a break in the falling trend since early March, and with the food cert expected in the next couple of months we could be in for some very strong moves in the share price. Probably my favourite holding at the moment.

TS, say something worth reading rather than just copying and pasting what I have said with a few insults thrown in. You have nothing to say, your posts are vacuous repetative hype and over ramping nonsense, which has annoyed more posters than just me in the past few months. Go and play with your toys and let the grown ups discuss this with thoughtful comments.

okenia, If they did a buyback then I think they would be required to announce it because it would reduce the amount of shares in issue which would change the percentage of total voting rights and therefore require anyone holding close to 3% to also announce whether their holding had then gone above 3%. I will find out once and for all this week and put this to bed.

okenia, sorry wrong spelling before

okinia, I salute you...you are obviously prepared to discuss this point rather than just convince yourself that a buyback is 100% nailed on, like you know who. There is nobody on this discussion board that would be more delighted if OBT announced a share buyback, it would send out very good signals to the market. On your first point about why the increase from 10% to 20% authorised, well I don`t disagree with your previous post when you said.... Why the increase? I suspect it has to do with the SP and the amount in £££ terms they are thinking they will use to do a buyback. Last June (when the 26m buyback authorisation was proposed) we were at 12p, so 26m shares would equate to ~ £3m being used for a buyback. Roll forward a year and the SP is closer to 7p. By doubling the amount they buyback they can deploy roughly the same amount of cash in a buyback (£3-4m). Of course rolling forward a year there has been much water under the bridge, structurally with regard to new people, new plans etc ie the Brazillian contract which is still to be awarded in this quarter and would require a $500,000 outlay should they get it, and financially, for example the sale of the PRG stake. So quite a bit has changed. I stick to my point that they will announce a buyback whether they are required to by FSA rules or not, purely because it would be pointless not to. The idea of a buyback is to use excess funds to prop up the sp, the opposite of dilution. So why in the world would they not want to make sure the market knows about it? Can anybody give a good reason why, for the price of issuing an RNS, they would choose to stay quiet about it...anybody??

And one more point, if, and I mean `IF` they had planned to go ahead with a buyback, and `IF` (as some are hoping on here) it had already started, then why in the world would OBT keep it under wraps and not declare it to the market....afterall it would be a very positive move for shareholders and the shareprice and would surely tempt new investors to get involved. Why keep it a secret? No, when they announce a buyback programme has started via an RNS is when I will believe it is happening, and nothing that the guessers on here or elsewhere will convince me otherwise. An authorisation to do something is not an automatic guarantee that it will be done...FACT!