Member Info for Hexam

Hi Oke,

Extract from the FCA handbook:

"The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UKissuer and two trading days in all other cases..."

There's a bit more to it than that but basically it seems they have up to a couple of days perhaps.

"Hopefully a dividend"

Are you actually being serious? This is not even as much as a one in a million chance. Grow up.

"With bitcoin halving this should go 6 x investment"

Maybe more than a one in a million chance - but not by much. The company will do well to even be operating at all by then given their current cash crisis.

Even the clearing of $5m debt is a very questionable statement whilst the new machines have been known about for ages (and the additional hashrate will not be enough to offset increases to difficulty since they were announced).

A seriously poor attempt at blatant ramping.

Suspension is immediate today Wayne not Monday.

Not sure what your estimate is based on as seems high to say the least but in any event neither the cinema industry nor the company are what they were back then so it's not really relevant.

It has $11bn of liabilities and only $7bn of assets. Sounds pretty insolvent to me. On the starting up again bit you fail to mention that part of this is writing off $4.5bn of debt plus a lot of the other liabilities will also disappear - hence it restarts in a solvent position. Without that write-off of liabilities and the injection of funds made by the lenders it would have been dead and buried already. So hard to imagine how any judge, wherever they are from, disagreeing.

I don't expect anybody to care Crow. Just correcting the poster who tried to tell me how I was feeling and got it wrong.

For the avoidance of doubt I'm very happy. Just 10p below my average now :-)

T4G - I have no interest in getting into a another pointless and circular argument with someone who lacks so much self-awareness and projects his own behaviour onto others so much. I'd rather just enjoy what is a very good day for BOO and engage with the decent posters like Oke and Broke who are bullish on BOO but are respectful to those with opposing views and to Wolf, who is not quite so respectful perhaps but certainly knows his onions.

I'm sorry but someone who has ramped this share down from £3 odd to 30p, blaming it all on market manipulation, shorters etc. and consistently attacking anybody that dares to disagree with him has zero credibility with me.

"Thinks he's the chat sherif or something..."

I think you'll find that's T4G with you as his loyal deputy. Anyway, I don't agree with a lot of what Pedro says but generally he is pretty respectful of other posters and certainly far less nasty than you or your boss often are.

Try reading your own posts:

"Hope you are losing a fortune, couldn't happen to a nicer guy"

"Trolls are blissfully quiet ATM, poor old Pedro is probably crying into his short."

Good, concise summary Oke and nice to see some sensible posting rather than the vitriolic abuse and childish gloating from the usual rampers who are celebrating 39p like it's a pound. Good also to see the chartists' pessimistic predictions proven inaccurate (though they will probably say it was still one of the possible scenarios) and hopefully this momentum can push us well into the forties. Whether this progress can be sustained beyond that I think will depend largely on some hard numbers being released to demonstrate progress on profitability in line with, or hopefully beyond, BOO's own forecasts. In any event, a good day! .

Sorry MIKODX but I'd rather believe the balance sheet and the words of Judge Marvin. It's the very mountain of debt that you mention that makes them 'hopelessly insolvent' - to quote the judge.

Suthy - I’m afraid your trolling of this board is mostly wasted as I don’t think many of us here ‘believe’ in ARB anymore and I’m pretty sure Clskbull and Chaebol aren’t among them. There are a few die hard supporters left but I don’t think anything you say can put them off. It’s now mainly a board focused on miners generally rather than just ARB.

As for QBT I’ll be interested in them only if they start promising an elixir of life as that’s marginally more believable than their current claims - and something I’m definitely in need of!

Nice of you to drop by again though and put the boot into ARB. I would return the favour and do the same to QBT on the QBT board - but I’m not like you.

Haha - I'd rather leave the quantum mechanics explaining to somebody else. I did study it once but all I can remember about it now are silly particle names and something about a cat in a hat - or was it a box...

I'd give up on the maths if I were MP and stick to English which you have a long history of taking people to task with.

Those who bought the new issue at 10p are only in a marginally better position than those who didn't but waited for the new shares to hit the market. I could buy now at 10.5p if I chose (and less than that earlier) and enjoy nearly all the same gains you go through (but without having had my purchase locked in for several days).

So any gain by those buying at 10p has been marginal and what happens now is irrelevant as anybody can buy now at close to 10p and experience much the same gains (or losses). I agree it's not rocket science.

@CWWX - I don't think the new company will be trading on LSE either as I'm pretty sure it will be private and so not trading anywhere. It may (and probably will) IPO later but in the meantime it won't be accessible to PIs.

I've given up with Dean's nonsense - it would be easier to explain quantum mechanics to a 5-year old.

@Tegop - I think they are in the pennies in the pound group so not a lot. I can't remember what the percentage is exactly and I'm not sure they would even get anything but am confident they won't be getting anywhere near what they 'won' in court (unless they can somehow pursue the claim post Ch11 which I don't think they can).

Tbh I don't much care as I think their fate and ours is not linked at all anymore.

Yes, indeed Pipe that was me. To me astrology and technical analysis have a lot in common:

- They are both based (loosely) on science/maths with charts of movements in heavenly bodies or share prices respectively

- They both claim this can mean you can predict the future

- They both couch their predictions in so many ifs and buts and/or vagueness that they can claim to be right whatever happens

- Either people believe in them or they don't (I just happen to be in the don't group for both)

If you believe in TA then good luck to you and hope you profit from it. But to compare it to building the pyramids is crazy in my view. Weather forecasting may be a better comparison if you are a devotee as that also deals in the balance of probability of future events. Nobody is going to be interested in building a bridge, pyramid or other structure that only has a 66% chance of staying up.

The key assumption of TA is that past behaviour of share prices can be used to inform future movement of share prices. The reason I don't believe this to any great degree of certainty is quite simple. If it was at all possible to consistently predict correctly, say more than 60% of the time, then any decent chartist would play the percentages and be millionaires before long. Which is not the case.

You could reasonably counter that if TA was nonsense all the investment houses etc. wouldn't bother with it at all. But whilst I believe it can help give an edge (just like studying fundamentals which they also spend a lot of time on) it is no more than a slight one (else more managers would regularly beat the indices).

Anyway just my views and I know you won't agree but that's fine. Everybody has a different way of trying to pick shares and ours are just very, very different.

Just to check with the 'experts' who said what a 'nice' profit those who took up the 10p offer would make - does 2 or 3% count as nice? It might also explain why there hasn't been a big sell-off of the shares since they became saleable (if they indeed are yet) - it's just not worth it.

Well Juno, whilst you are doing that perhaps you can come up with a single piece of evidence where I thought we would LIKELY be ok at the end of all this? My position has been consistent all the way through and as you seem to be one the particularly dim posters on here (asking questions like why do they need to go in administration when they are solvent) I'll spell it out for you:

The company ran out of money - it was down to its last $4m

It went into Chapter 11 bankruptcy proceedings to protect itself from creditors (as it had no money left to pay them)

As part of this the lenders put in $1.9bn of DIP financing, a large part of which was needed just to keep the company going (and was badly needed as it has since made further cash losses of well over $0.5bn)

As a result the lenders are now effectively taking over the company and shareholders will be wiped out

There is going to be no token gesture to shareholders as firstly why should the lenders do this and secondly if they did they would have to fork over a $1bn to fully satisfy those creditors who rank above us and are currently getting next to nothing

So my take is, and always has been, that any LTH needs a miracle (last minute mega offer etc.) and any trader needs news that raises false hopes but will encourage people to invest and push the price up (this has already happened several times and could well happen again).

So traders can still make money here but time is running out and risk is increasing every day. LTHs though are relying on the near impossible I'm afraid.

So, in a nutshell, my view is that it is all over bar the shouting and an ever decreasing window of opportunity for increasingly risky trading.

You may well disagree with me, and that's fine as opinions are subjective and everybody is entitled to their own, but don't pretend that I have disagreed with myself.