RE: Any potential new investors15 Aug 2023 22:05
The SP is where it is for one reason and one reason only, Fortune Mojapelo.
He has covered up bad news, not fully revealed dilution, patronised investors, overamping projections that he knew couldn't be met, and made massive errors of judgment in his financial deal-making that now threaten the company's very existence.
That's why it's 2p.
Nothing to do with rampers or trolls (I just despise their lies) and nothing said on here has any tangible effect on the SP.
AIM is littered with sh*tty CEOs who don't really know what they're doing and are happy to pay themselves handsomely while recklessly gambling with other people's money. Unfortunately, Mojapelo was one of those.
Investors were not to know. We don't have insight into everything that goes on at a company - not even the brokers do, they're just told what companies want them to hear and are paid to print juicy price targets.
Anyone still defending Mojapelo is either a moron or a charlatan. In hindsight it's clear as day that his performance was a joke and I'd imagine Orion and the board are still fuming with him. Sacking a CEO is not done on a whim.
Does BMN have a future? Yes, if Coltman is more than competent at his job, but it won't be easy. V prices will recover, that's inevitable - VRFB uptake is accelerate at speed and will definitely put upward pressure on prices, but thanks to Mojapelo time is not on BMN's side.