Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
He’s trying to average down his price, whilst at the same time trying to convince shareholders to buy more to hopefully drive the price up. He is probably heavily underwater at the moment.
What would an EGM achieve ? A. It would be a chance for shareholders to take control of their investment and be better informed than the current operation. Why wouldn't AAA continue bigger stakes in Sentiance ? A. Seems perfectly logical. However the MO at the moment is issue as many shares as possible and punish the current shareholders. what will happen without an EGM ? I think we all know whats coming..
Cancelled the £16 options as they have no confidence the price is ever going to get to those levels again, given some more in the money options that adds more selling pressure.
Not boom related
Theres no point in being a wall flower, the only one pushing for an EGM is Elliot Luther. Who's paying those legal fees ? Well it has been through Bonnier, should he burdern the whole bill (hes also a shareholder just like us) the reason - because he sees the value that this Coup is trying to whip away right from under the shareholders noses. The EGM was kiboshed by the AAA lawyers, saying it was only bonniers interests. A way to deflect his payment. So a better method is for other shareholders to unite and demand an EGM, if not this company is going only one direction (to the ether).
It was merely conspiracy theory number 2. You could laugh it off, or accept that’s there’s some truth within there. I don’t see that 192 could be shorting, they seem to be caught with their pants down already. What you seem to miss is that if there was a deal with BOS, then 30M has already been taken off the table. There’s no upside for a shareholder if they’ve already collected on the upside, what they need to do is just hand over the shares (as cheaply as possible). The outstanding debacle remains irrespective between 2 parties whose claim against each other could easily wipe one another out if judged. Is it better to keep the delays going on and on until someone capitulates ? I remember not so long ago that the share price rallied on rumours of a settlement of this case. it was unfounded and the share price slipped again. It is so simple what’s going on here and it could point in the direction of massive manipulation.
You gotta love a conspiracy theory. Here’s another: with the court action, AAA go after RB for his debt and bankrupt him. His only go to is AB, unfortunately no liquidity and low share price. How long can he hold out from selling ? Does the SP really matter for investors, it’s looks range bound until the mysterious buy out comes in. But that won’t be happening until the shareholder court case is done and settled. There can only be one Victor. Conclusion the court case needs to end.
The new BOD is hell bent on recovering value at whatever cost from AAA. Shareholders are now being unilaterally punished through dilution as the company attempts a path to recovery. Why such a low value ? Well that’s obvious, there’s certain large shareholders that the BOD don’t want along for this ride…. It is only for a the select few, the HNW that have organised the BOD coup some 18 months ago. Some of us didn’t even know this happened, and since then there’s been no news of anything but this fresh initiative to dilute over and over. Once the BOD have diluted everyone to death they will close shop and sell the assets of AAAC to a bidder, thats the pay day for the persons behind this coup. No one can stop this now, a request for an EGM has been dismissed on 2 occasions now, the latest by AAAC BOD and themselves discrediting the proposed new BOD, apparently they’re not towing the line of the new dilution objective. The company isn’t run by shareholders it’s by the BOD that have control. This is very peculiar as they claim to being only paid in shares, when we as shareholders we had to pay for them in advance. This BOD will come in a screw everything up for everyone involved but themselves and their close allies. Don’t be surprised that the placing has taken full offers, but the offer of a cash raise to old money is not taken up. Suggest you use your money and find out how to get your nose into the trough in a different way.
Off topic - I heard that AAA have wriggled out of holding an EGM. Possibly a shareholder action plan is needed whilst they pick the meat from the rotten carcass.
Aaa isn’t run normal anymore. It’s a company that’s been supported by Rosen, Candy and a few key players with vested interests to take the remaining meat from the rotten carcass. Sentiance hasn’t produced a valuation on what it’s really worth, its ideas were fresh 6 years ago. But AI has moved on, they missed their window of opportunity. There’s plenty of systems on the market with way more market share than Sentiance in the insurance space. This BOD are selling you an opportunity to fund their ceo life styles. They’re all dead wood, they’ve latched on to a no go business cos that’s what these type of dead wood BOD do. They talk crap, and no action men indeed. It’s now down to scamming the original investors so they too can participate in the promised land with their new HNW mates. Bonnier won’t go to court m, Candy is the man that’s bought this down and boom with it. Neither company will do well until one of them is gone. That’s not gonna happen til the judge decides what’s going to happen
Nice to see a flurry of activity. Time to buy some more.
If there was any requirement to buy shares as cheap as possible, there must be a certain large shareholder in Boom who needs to pass 2M Boom shares to Bank of Singapore in exchange for 30M GBP. If I was said person I would try and pursuade the powers that be get the shares as low as possible so I could buy them all and pass to BOS. Especially if I had already loaned my 2M shares out to to someone else.
Some pretty hard hitting truths there in CV accusations. This chap Bonnier and his wife are gallivanting around the world, certainly are not suffering unlike the many investors who lost their money and believed in his spiel. Bonniers claim that Candy cost him irreparable damage is complete BS as if he was a true businessman he would have kept the company Aaqua running using a Directors loan, but instead he chose to close the company and spend his money fighting a law suit that costs him millions a month. Eventually if his gamble pays off, and he even beats CVS, well the sour taste of victory will leave him and his missus high and dry. When everyone else would have lost. Aaa shouldn’t care and get on with business as usual, howver the fact that Bonnier and his wife are big shareholders in AAA will probably halt that progression. Just like boom has suffered with these toxic partners, AAA will collapse if it every relisted without resolve.
Why they selling stock for Bonnier ? Do you think he’s broke ? Do you not realise his court case is coming to a head, Candy will lose his a£&E if judgement goes against him. By what the general opinion is it’s not quite going in NC favor. Perhaps candies selling his stock. Perhaps non of them are selling and they’re both going to hear to stay. So you gotta get over it.
Why would Bonnier be selling ? He’s got more money than the entire MCap of Boom. It’s small potatoes to him. Maybe Candy the guys that’s been shorting it all the way down and is now making it on the way back up again.
Just becoz he’s on the list I shouldn’t affect his marriage, maybe it’s how all the high rollers used to play to get ahead. Shows that his intentions are quite twisted though and generally shows he’s not a good chap, no integrity. Maybe thats why there was a deliberate short attack on boom after he pledged his boom shares and taking 40M from bank of Sgp. Someone got to buy all those pledged shares back back at a fraction of the price !
When will the RB pay back the secured loan that was made to him for GBP1+ million, does anyone know the details of the security that he put up, why was this loan offered in the first place ?
As an insider in possession of privilege information and leaked that to the press whilst short selling the stock ? when the info about boom and LVMH was leaked the unsubstantiated rumour drove the Boom price down because it stank of inside trading. Knowing this the net had been set to buy back all those cheap shares and close the shorts. It must be pretty easy for the FCA to investigate this one and see the beneficial parties and if their links. Meanwhile the shenanigans at Candy Aaqua were enough to distract the real goings on in boom.
Thanks B3r, so essentially Candy decided one day to destroy Bonnier with no concrete proof, to take control of delisted AAA illegally by putting his own men on the board, and manufacture the destruction of Aaqua. He must of awoken with a heck of a hangover. So Candy has single handedly destroyed everyone’s investment in not just one AAA but 2 companies ? This one Audioboom included. He must be real proud of himself.
Does Candy have £150M. Needs his boom to go up considerably