Member Info for BourneWolf

I thought the RNS read quite well. What the hell were investors expecting? New business from Outer Space?

Took me an hour to buy shares this afternoon, ended up having to buy in smaller amounts. Knowing what we know now, I wonder why that was?

Spent an hour trying to buy. Had to buy in smaller numbers.

Well played that man. Credit where credit is due.

Steak: The suggestion was that there is a lot more potential revenue to come from the App if they can discover why the views aren't converting as often as on the website.

Best get an early night, as expecting confirmation of some good numbers at 7am & maybe even some more lively trading than normal, early doors.

Site/App visitors: End of May '20 = 1.04 million, End of August '20 = 2.39 million
Unique visitors in May '20 = 305,000 & in August = 666,000
Conversion rate is much higher through website, than via App, so company see an easy win from working on App conversions.

"Now, I realise that your shares are worth 34.5p each & you could sell them instantly online, but I would like to offer you 25p each for them, to take them off your hands - Deal?"

With site visitor numbers, plus participation numbers rising & an update approaching, I thought it worth buying a few more, before the herds arrive. Very, very much under the radar at the moment.

Well, I've taken sub 36p as a buying opportunity - fingers crossed

Lokomo: Not quite sure how to interpret the information but it appears to state that their total voting rights have actually gone UP from 6.46% to 6.52% (See RNS at 5.19pm)

Bought another £1k at 5.86 around 10.30am but not showing on the trade list at all??

Lejjb: Already amassed a large enough stake in the company? Or, put in a large enough pence/share offer to be able to amass a large enough stake to take it over? It would obviously make sense to buy a large percentage of shares first, so you are not paying premiums on that percentage & they have the voting rights that come with them

Aren't there two types of takeover bids? The nicey, nicey agreed offer agreed & backed by the board, following discussions with all parties about who keeps their cushy places at the trough etc. Then the hostile bid that can come without any control, recommendation or detailed discussion from or with the BOD. I wonder if there are potentially one or two of the latter hovering around?

Mariog: Much more likely that the share price will jump to a few percent higher than the offer price, in anticipation of the offer being voted down & requiring an improved offer, or maybe even a second counter-bid from another company.

Two 100k transactions at 12.16 & my buy is showing as a sell. Hopefully positivity is returning & the price will keep heading back to a more realistic level.

I'm learning not to worry about things you can't control; rather reflect on what is happening & ask myself how can I best make it work for me. I bought my 1st batch at 17p when it was clear they were greatly undervalued

Not sure anyone confident that a bid will materialise at some point, will dare to be out over this weekend. I've bought my latest batch this morning & expect another tick up in the last 30 minutes of trading today. Not sure I should chuck any more eggs into the same basket, but it is so tempting, as it appears somewhat a no-brainer! Talking of BIDS, it's on the move too ;-)

It is pretty certain that there is at least 4 potential bidders (all named?) but am I right in saying that there hasn't been an RNS to confirm the fourth? Maybe, they don't need to announce who are officially looking at the books & if not, then there could already be several other firms looking through them, that have not yet been declared. This has to pop very soon.

I'm still expecting a late new bidder coming to the table. Maybe a big UK based insurance name that can reduce running costs by combining admin/offices etc. A bid may come sooner than expected, to make the offer price per share as attractive as possible. If they are going to bid 50p/share, then waiting 'til the price hits 48p, in anticipation of the offer, is not a great strategy