Member Info for btbt

My main concern is that I don't see an end to the CLN's. They are clearly waiting for a big rise before exercising, but there will be no big rise for as long as they exist. It is an endless doom loop that can only be ended by the CEO swallowing his pride and repaying them.

75% down since the CLN announcement and the CEO shrugs it off and is happy having 'diverse' funders.

Why both listing if you don't care about shareholders. What a joke.

The CLN anchor is far too heavy. Nobody is interested

Well said - Fully agree. RS comments make no sense, how is having discounted convertible debt a good thing?

A diverse list of investors buying in at £11 is a great thing, I would agree with that. But CLN's?? not so much.

Company sentiment and SP is in the bin at the moment, all for the sake of circa $2m convertible debt. (I don't know the exact amount but it's less than the initial $3m as some shares were issues at the start). Get it repaid so we can grow!

Same here. I will be adding and I think any buys below £1.20 is relatively safe as it is the minimum exercise price of the CLNs. It makes no sense to me to pay any more whilst they linger though

Once they are dealt with one way or another - this will fly

He is not wrong. I am invested heavily here but as I said yesterday the CLNs will put anyone off of buying for now.

If we jumped to £5 today, the CLN's can still exercise at the average price for the past 5 days minus a further 8%, say £1.10-£1.20 ish. No one is going to buy knowing that this discounted dilution can happen at any point.. They need to be exercised or called before we move upwards.

In my head Tintra is a rocket ship with an anchor attached. It's only a matter of time

I suppose I'm just being a tad impatient.. I'm sure that one day we will hit the placing price of £11, the HNW investors aren't stupid. I'd just much prefer this to happen in 12 months rather than 5 years! Ha

Agree with that. The 10x premium paid by HNW investors obviously gives me a good level of reassurance.. My only concern is that the future of TNT relies on them investing more money at similar premiums, but if they are seeing no returns on their current investments and are nursing huge losses, what incentivizes them to invest more?

I'd feel a lot more comfortable if we were moving up through £2..£3..£4..

Yes sorry, I agree that the long term prospects are very good which is why I continue to hold, however I worry for the medium term and don't see how we can move an inch without and action on the loan notes. Even if they get exercised at least the anchor is removed and we can start to move upwards.

At the minute I fail to see why anybody would pay above £1.20 given that a discounted conversion could happen at any moment. It is like willingly walking on to a trap door

Missed the call due to meetings but that sounds pretty disappointing. If he isn't going to repay the CLN's and the funders are seemingly never going to exercise them, then will will never move out of this range

They are really trying to pump the SP with these daily RNS.. If we weren't anchored by the CLN's we would all be far richer by now

Agreed. CLN's will be a noose around Tintra's neck until they are dealt with we will not go anywhere. We would be far closer to £11 without these IMO.

It is very frustrating as these have dragged us down for so long. The SP was at the minimum exercise price for weeks yet they were not exercised - what are they waiting for? Fridays RNS also didn't mention these so they won't be paid back & cancelled just yet, so they will continue to hang over our heads.. What is the plan for these?

TBH most RNS's are a waste of money until the CLN's are cleared up. No one is going to buy this until those are gone. Richard can't just ignore them and hope the market forgets or we will never move upwards.

IMO they are planning to repay the CLNs.

It makes no sense to dilute 10% of the company for $3m having just diluted 4% of the company for $10m.. It will ruin their reputation and any chance of future premium raises

The one saving grace here is that TNT have the option to cancel and repay the CLN - What this does is stops the funder from forward selling as they would be completely exposed should TNT decide to repay in cash.

It will all become clear soon, either we get a conversion RNS or a cancellation and repayment RNS.. hopefully the latter

I'm hoping that the $3m CLNs will be repaid as part of the $15m funding round so we get a double boost from that announcement. In my view this is the only way out of this mess that RS has needlessly got us into.

The funders will not hand over $15m with these CLNs outstanding so maybe this was always the plan?

We now need a 1000% rise for the HNW investors to break even. I am sure they are queueing up to throw more money at TNT. Great work by the BOD, it seemed impossible to mess up premium funding but they managed it.

CLN holders will absolutely dump all stock as soon as physically possible. They are vultures and finance the worst companies on AIM on their last legs. Stupid decision to go with this option and needs cancelling to save any face

I don't disagree but the CLN's have trashed the stock and changed the game. I could see why HNW's would invest at such premiums to buy large stakes in TNT when our SP was booming and up 500% in the year, but why would they do it now? It makes no sense. Our SP is falling through the floor and they can buy as many as they want on the open market at a far lower price. They are HNW for a reason after all - they are not idiots who give money out for charity at 10-15x market value.

Correction -*Wound*