Member Info for buried_treasure

Tells you everything.

Management credibility shot to shreds and you're STILL considering a loss chasing buy?

What is wrong with you?

Mug punter gonna do mug punter things I suppose.

Not 'all' Patxaran.

"What happened to the talk of turning this in to a billion pound company"

It was talk. Talk is fast and cheap. Delivery is slow and expensive.

If you got taken in by the talk, bought the spoof and did your conkers, let that be a lesson to you.

Expensive lessons can become cheap lessons. IF you learn from them.

8% down... the curse of Sunday Roast strikes again.

Fountains

If the WHS and Morrisons roll outs had been so successful, why the need for the pivot?

Getting listed with the mults is easy. Give them a chunky listing fee and some product and they'll put you on the planogram.

Keeping it without another chunky listing fee is the hard part. And that was a FAIL.

All you need now is for the Sunday Roast parasites to do another paid-for puff piece and you can count down to the placing in 10, 9, 8....

Is that a RNS or a suicide note?

Complete absence of any meaningful numbers until you get to the phone contacts at the end. How much cash is left? How much are they burning at the PLC level? Not telling you.

buried_treasure RNS translation service :

"Having failed to get any traction in our chosen category with our products and your money, we've now pivoted to helping others fail to get traction in the same category with their products and their money."

Good luck all. If that points the way forward you're sure going to need it.

I see you had a Sunday Roast interview published today.

Paid promoters like Stockbox and Roast are parasites on the market. Those who are being paid to promote should be forced to declare it at the start of every interview because then everyone knows it is an opinion that has been bought, not formed independently.

Sunday Roast's twelve tips for last year AVERAGED a loss of over 20% (including the 3 that showed gains) while the small cap index went up 6%.

They are takers from the market and add nothing to debate. Just a mouthpiece for poor performers, and in some cases outright wrong'uns.

Who pays the Roast and Stockbox parasites? The companies they promote. Who pays for that? The shareholders. YOU, HERE indirectly subsidise this drivel. Some of you actively amplify it!

Good companies do not need paid promoters to ramp their stocks. Good companies deliver profitable growth and let that do the talking for their share price.

Any stock that pays for Stockbox or Roast PR promotion is an immediate sell.

For financial masochists only.

Steamy

Is that the best you’ve got?

Is that the best defence you have for the company after what has gone on here? When it said “immediate”, it was “obvious”, and anyone with an “understanding of procedures” would know that didn’t mean, er, “immediate”?

I suggest you and the other mugs here would do well to go and actually learn the “procedures” before spouting off. Specifically the Disclosure and TRANSPARENCY [my emphasis] Rules. Because those Rules are very clear that saying one thing while meaning or doing another is market abuse.

I’ll tell you what is “obvious” though mate. The spoof that took place between the subscription announced on 16 June when the price was 0.53p and the 52 week high at 1.80p ten days later. The FCA need to conduct a stewards over that. The Registrar has all the information, it will be very easy to see who bought and who provided the liquidity.

Maybe they want to resolve that before they even start turning pages on the Prospectus, red pen in hand.

We are now back down to [checks notes] oh look! 0.525p. Where we were on 16 June. Mr Market had it right all along, but there may well have been a, ahem, “transfer of wealth” in the meantime. Anyone left holding the bag at over a penny has every right to be feeling mighty sore.

This is exactly the sort of dirty tricks I am here to expose. And I’m going nowhere until this is resolved, one way or another.

Again, as a reminder

Rode into town.

Replaced the sitting CEO.

Talked like Allen Stanford (“£1 billion company over the coming cycle”).

Announced £2M funding but actually delivered £0.

Announced ‘immediate’ £1M BTC investment but actually delivered £0.

Despite being a self-proclaimed banking and crypto expert, can’t even get a UK company incorporated, set up with a bank account and “institutional-grade bitcoin custody” (whatever that means) in almost four months.

Drafted a Prospectus “with a view to raising a minimum of £10 million” and which “could be completed in an anticipated 8 weeks maximum” – 14 weeks later you were told “at present the Board is not in a position to provide definitive guidance on the size or timing of any raise”. You are still waiting for Prospectus approval.

Lied to a shareholder regarding the Disclosure and Transparency Rules.

Scheduled “an investor presentation for mid-October, by which time the Company expects greater clarity on regulatory timelines.” Since then? Silence.

Since 25 June, overseen a 60% reduction in the share price (1.45 mid closing 25/6).

But yeah, my pedantry invalidates the whole argument. Nothing to see here. Keep buying your golden tickets.

This remains for financial masochists only.

Steamy

“Pedantry…immediate still requires approval.”

Then why were you not told that on 25 June or 29 August? The language was definitive. £1M would be made available once the agreement with Skylake was signed. That was announced seven weeks ago with St Sath saying “I am delighted to execute the Investment Agreement that demonstrates my support for BMV and my personal commitment to our unfolding strategy."

I suggest that an RNS stating that Skylake had put £2M in escrow with the company’s lawyers would “demonstrate support and personal commitment” in a much more tangible way, but I suppose if the mugs are still doing mug things here and on telegram, why bother?

I first commented here on 1 September, after the agreement between the company and Skylake had been inked on 29 August. The only reason for commenting here was because this had been cross ramped by notready1 on the Smarter Web board (where I was also bearish – then at 120, now 55).

He posted “…just raised £2m at 2p conversion price compared to 1.4p market price from ambtitious Director, Sath Ganesarajah, looking at £1bn valuation in this cycle… …£10m prospectus due for approval this month, apparent high demand and looking at a premium price… …A true quality captain running the Bluebird ship."

That last comment in particular tripped my radar. So I did some background checks. Diligence it seems nobody, not the board, not the investors here, not even Tom Winnifrith, had done.

What I found was that this self-styled “seasoned entrepreneur” with “deep expertise in crypto assets and institutional capital markets” has not actually delivered shareholder value in any UK company of which he has been a director. One venture, now LP Realisations formerly Lake Parime, was a £30M+ blow up sold into pre-pack administration as a wipeout for shareholders. His latest venture, The BE Company, is rumoured to be a related party in some of the other potential transactions mentioned in RNS.

I commented with the BMV share price at 1.375 that the “just raised £2m” notready1 referred to was actually future tense. Pedantry, I know. But important pedantry as it turned out. You are still waiting, and with the current price of 0.525, down more than 60% in the nearly seven weeks since, Mr Market is telling you to expect to go on waiting.

You all rounded on the bear, as bulletin board mugs do. Ad hominem attacks, filtering to preserve your echo chamber, threats of legal action for defamation, harassment, reporting me to the company, to the FCA, maybe even a little voodoo just to be sure.

And here we are. Your company and its esteemed leader in glorious silence.

Gonyeli

A quick point of order. The word used was not "imminent". It was in fact "immediate".

A blatant spoof. This company has deserved every bit of the absolute caning it has taken in the 100+ days since.

I see the chartists got it wrong again.

Yo Sath! Where's the "immediate" £2M you promised over 100 DAYS ago?

Harry is clearly still bull****ting.

All that has changed is he's gone from stringing you along quarterly to doing it week to week.

African banks, yeah? Good luck all. I still think you're going to need all you can lay your hands on.

Or more snouts in the trough, depending on how you view the banditos involved here.

"Amazing chat with Callum" a month ago with the shares 1.95 in the middle.

A Sunday Roast interview is as big a sell signal as you will ever get.

I have no idea why people still pay those parasites.

By the way, any news on the two Bernies?

Or the mid-October investor forum you were promised? You know, so you can start to hold these charlatans to account?

Maybe there isn't any "greater clarity on regulatory timelines".

As predicted by The Dalai Lama.

This is hilarious!

So according to various posters, I am either ajs8220, Tom Winnifrith, a BMV insider or now dusterinmong.

At the risk of next being accused of passing myself off as the great Chesney Hawkes, for the umpteenth time, this is The One And Only account I've ever had here.

Like and subscribe to find out who I will be next week. Current joint favourites in the betting are The Dalai Lama and His Holiness The Late Pope Francis.

Meanwhile I'm going out to get more popcorn, and the repeat prescription for my Dissociative Personality Disorder medication.

Another week rolls by with nothing delivered.

Down 20% since those who sold out bought back in. I bet that's going down well on telegram.

How long are you mugs giving him?

I see you are about to be infested by the humungous post count of Troajan.

That is a stronger sell signal than any breakout below a 200MA trendline.