Member Info for EricDraven

And another thing re any excess shares. Lol. Just supposing someone has a million shares. They would qualify to take up the Offer to the tune of 375,000 shares. However, that would cost, all at once, £11,850.

Sooz, my question then is, how many Herberts 'ave got that kind of loose change to splash just before Christmas?

In summary, unless we are outmuscled by the Nordics, lol, I feel there will be enough excess shares out there that aren't taken up, for the take-up. Only my personal view obviously, and that's not factoring in shareholders who simply don't wish to take up the Offer anyway, even if they did have the funds to do so. Acute Wulfie fatigue, that kind of thing.

Afty aft. x

Hi. Not sure. I only transferred shares from my trading account into an ISA, bed and ISA online. I didn't have certificated shares Sooz.

With regard to the last line of your initial post. Just reading more on Section VIII of the Prospectus, but under Section 2, it says this in bold:

"Holdings of Ordinary Shares in certificated and uncertificated form will be treated as separate holdings for the purpose of calculating entitlements under the Open Offer, as will holdings under different designations and in different accounts."

Now then. Yes, because it says that, treated as separate holdings, in your case, you could, I think, taking a bit of a risk, but apply for all of your non-certificated entitlement only (that way it could pop into your ISA) and doing this will qualify you to apply for any excess shares on offer, for whatever extra shares you would like to go for. All could go in your ISA, if gaining any additional shares is successful of course. It would mean that you won't have applied for your certificated entitlement though.

Or, keep things absolutely simple and do what you mentioned in the very beginning, take up both of your entitlements (cert and non-cert) and treat as separate transactions. Then sort out any certificated to non-certificated movement after the event.

I'm probably being a bit obtuse here, but just my thoughts. Not trying to make things harder for you. Lol.

The broker is possibly the ideal answer, see what they say, and it is an urgent matter really, because, unlike the Swedish Government, we do have a deadline.

:-)

Viewing the Prospectus from BEM's website, taking up any additional shares, that bit is in section VIII 4.1 (c).

Hi Sooz. You probably aren't yet a CREST account holder. Here's an article about what it is. Faster trading of shares held in your own name, rather than in the nominee's name. As far as I know, the info re the Offer seems to state that unless you take up the entire amount offered to you on a 3 per 8 shares held basis, then you can't apply for any extra shares that may be on offer.

You probably know that, but just trying to help. Anyway here's the CREST article, though it's from 2015:

https://www.sharesmagazine.co.uk/article/crest-of-a-wave

FF, fair play to you.

Best of luck to us all.

You are right LB. I've still not received anything via post, notably the Prospectus , but my Offer letter and share allocation can be viewed online in my investment account. People should have news of the Offer electronically by now, if nothing else, albeit the Prospectus itself may not have been uploaded by some brokers.

Hi 3card. I haven't previously had any spare money with which to average down, and this time it will be a massive stretch, but the difference largely with this investment is that a Government is the culprit for our woes, and not the CEO of the Company itself. In my opinion. BMR was run by a couple of consecutive charlatans who screwed us over, whereas it isn't the case here, even though I'm unhappy with some of the decisions that have been made.

Anyway, we shall see if it's worth it to take up the Offer, even in part, but if it wasn't, I have to believe that I wouldn't be entertaining the idea.

Best of luck to you 3card. Fingers crossed for a positive Kallak outcome and a better sp performance going forward.

Good news re your Halifax broker PAYJJ. Now you just have to mull over what to do.

At least we have time to decide.

Best wishes with it all.

We could do with a spot of witchcraft or sorcery from hereon in. Well over seven and a half years of waiting, there must be a potion we can give to old failin' Baylan and his shirking shifties to deliver on Sweden's legal obligation to our little Company. Lol.

Afty aft. x

Hi Sooz. Take your time reading through. Still waiting for my letterbox to rattle. I feel the BOD members had to subscribe to the Offer, because the discount given was so large that it would have been damning if they hadn't. They had no option, if they were to try and sell the take up of the offer to shareholders. Lead by example kind of thing. That way it also attempts to mask a fundraise at a dire sp.

I'm still very unhappy about it, particularly if you consider the three month sp graph, when it was at 6p or more for a month or so and Kurt didn't raise the money then. I would have been happy with s discount to 4.5p from 6p. I think his bottle went once the Nordic investor with deep pockets popped up. He snatched their hand off at a hefty cost to existing shareholders and what was the sp.

Only my thoughts, but as your good self and Pocko have said, we are where we are.

Yes, it could have been what Linus was referring to.

I've about £1500 which I'm going to put into this, then that's that. Timing of this fundraise and Offer is another issue you see, with Christmas peeping out its big toe. How many folks can afford to find extra money on top of earmarked Christmas pennies at this time of year? Dunno.

Bah humbug me lover. Lol. x

Hi Rick. Seems that way, and the sp is already taking a real hit. Not the best move by Kurt this latest fundraise, in my opinion, such a large amount at a low sp, before Kallak is sorted. We can't ever seem to really get going. He mentions that Kosovo and Finland aren't yet reflected in the sp, surely neither fully is Kallak, but if he keeps giving 35% plus discounts at fundraise time, then it won't matter if they are or not. We won't notice, with all the dilution.

Not happy, but will try my best to find a way out of the current hole.

We need stunningly great news.

Good luck to you.

One day perhaps.

Aye, the good old 16p rise then uninvestigated flash crash to 10p. Nice that wasn't it? Was a good while ago now mind.

I'm trusting that if the KU has no bite, then Kurt will do something about the situation, because we can't carry on like this, and the little bugger has extended the date for take up of his Options, which I'm still not chuffed about, so he better pull something out of the bag for us to warrant that.

Only my view. Lol.

Best of luck to us all. Signing off again now for a while.

Good luck to you Cowfish. Kurt has put us high average no funds shareholders in a right pickle.

Let's trust that if we close our eyes and throw more pennies in it'll be worth it.

Blind faith with the odd chance of a handy gold strike. Lol.

I should have really said that I hope the KU will set the Government a timeframe for delivery of a decision, whether the case is referred to UNESCO or not. If the KU is investigating the handling of our application, then surely it would be inappropriate to extend our waiting time much further than it already has been, by allowing the Government to continue to sit on our application behind whatever excuse it comes up with next.

Hey ho.

Not sure then, but we should be getting hard copies via post anyway. You have a good average (we hope), so I guess you are in a decent position to decide if it's worth taking up more shares on or around your original price. Will the sp dip below 3.16p? It better not do!

I'm in a real hole here with my average, so I'm scraping together a bit of cash to take up some of the shares offered, unless the sp dives beforehand, then I'll buy on the open market. It shouldn't drop to below the Offer Price because we'll be paying cash directly to BEM by taking up our share allocations and surely not every shareholder will wait until the very last minute to take up the offer. Lol.

The KU will hopefully set a timeframe for the Government to deliver a decision, if indeed our application is to be shuffled off to UNESCO. I'm really trusting though that the KU will deem it wholly unnecessary that UNESCO gets involved at all. As long as the heat is on the Government I think we should be pleased. Of course, there is the nagging doubt in my mind that the KU will let the Government off from facing the firing squad.

Have to see.

Best of luck with your share decision.

Hi PAYJJ. I've had nothing through the post yet, but it should be here shortly. If you go into your Halifax account you may see something under 'Corporate Actions', but the Offer Prospectus may not be there, only your confirmation letter and share allocation details.

Prospectus being large and all. Good old postie.

You can have a lie-in for a couple of weeks then. Lol.

Hi SJ. I'm with Interactive Investor and I haven't yet received an email from them, but in my ii account the Offer is there, as of today, under 'Corporate Actions'.

Check out your Hargreaves account, it will hopefully be there, including a copy of the Offer letter addressed to you and then separately headed under your BEM share info, the specific amount of shares to which you are entitled. Saves you working it out. Lol.

Cheers SJ.

Night Sooz. x

Best of luck Soldier.