Member Info for IP3LY

Nice one TopCatz!

Will update on here if I get anything from Microventures.

ATB bud :)

@Abjectperformer: Awesome - all the best in your very early retirement ;)

Lol Pjoan - it’s to ensure my end goes to the kids and not to someone else if I die or we ever depart - that’s the main protection.

But can see what you thought.

Hope that clarifies :)

Hi TopCatz - think you might right about hearing anything after the float - a few days after would be courteous of them/Tek haha!

No no our situations are very alike in that in that I also have 2 young’uns so know what you going through lucky just feed of the passive income and not the main hahaha!

Don’t get me wrong - I only want to know when we can exercise them - so I know I CAN exercise when I want - not actually sell them when they become readily available to do - no sir! Copious amounts of potential in MicroSalt.

Even if I wanted to sell MicroSalt - I cant anyway - I got the terms and conditions (no im not one of the select few lol as you mentioned who would privvy to that info.) You should have it too if you read the 133 page document lol.

Anyway excerpt below:

Restrictions on Transfer or Sale of Securities.

i. The undersigned is acquiring the Securities solely for the undersigned's own beneficial account, for investment purposes, and not with a view to, or for resale in connection with, any distribution of the Securities. The undersigned understands that the Securities have not been registered under the Securities Act or any State Securities Laws by reason of specific exemptions under the provisions thereof which depend in part upon the investment intent of the undersigned and of the other representations made by the undersigned in this Subscription Agreement. The undersigned understands that the Company is relying upon the representations and agreements contained in this Subscription Agreement (and any supplemental information) for the purpose of determining whether this transaction meets the requirements for such exemptions.

The undersigned understands that the Securities are restricted from transfer for a period of time under applicable federal securities laws and that the Securities Act and the rules of the U.S.

Securities and Exchange Commission (the "Commission") provide in substance that the undersigned may dispose of the Securities only pursuant to an effective registration statement under the Securities Act, an exemption therefrom or as further described in Rule 501 of Regulation CF, after which certain state restrictions may apply. The undersigned understands that the Company has no obligation or intention to register any of the Securities, or to take action so as to permit sales pursuant to the Securities Act. Even when the Securities become freely transferrable, a secondary market in the Securities may not develop. Consequently, the undersigned understands that the undersigned must bear the economic risks of the investment in the Securities for an indefinite period of time.

Regarding Terms and Conditions.

So im holding it regardless - until told by SEC/Microsalt give the right to exercise…Ball and Chain type job it sounds like - but all good willing to see how it unfolds ;)

You’re welcome Mandysrevenge and good health over wealth indeed! The second part just helps maintain the first part in a better way and if the first hits the fan you use the second to get the necessary help to get back to good health again ;)

Good to hear you’ve moved most of your funds to somewhere you’re more comfortable with/in.

Indeed the cuts will be brutal if they lose this case and no bid/takeover etc.

Ha cheers for the look out - shame I have tiger blood with a hint of black mamba running through my veins - rabid dogs bites are a pinch haha!

Hahahah dont worry - don’t do pensions so no advice from me there lol - was hoping you had any actually as someone says you’re old and im alway willing to learn lol ;) ;)

@Abjectperformer: I don’t think Fleccy wants to hand his shares to youth - think he’s forward planning to make sure he wants to take care of those financially if anything happens to him - and likely still has control of those shares (as simple as keeping the username and password or control over the account until his ‘youth(s)’ reaches a certain age that they can control the shares themselves).

All depends on the individual financial goal I guess.

As like you im in my 30s and want an unbiased highly capitalists view return; as much as I can as soon as I can - whether that be short/medium/long term is no issue as I am invested also in BT at majority sub £1 with a few buys in mid 110-120 range - it’s a marathon after all but like Fleccy - I want those close to me to have something when I reach my demise rather than giving it back to taxman or state for my hard labour.

Out of interest - what will you do with all your gains in the future? And who do you plan to hand your shares to in the future? Or will you spend it all before the end?

@Fleccy: Wonderful to hear you’re so active at 62! Age is just another number and as long as we keep moving and eating well and having a purpose/routine and luck on oursides to fend off any diseases etc. longevity is not far away - sad thing is living longer you probably see close loved ones go before you and you’re left on your jack jones.

Great to hear the setup you have for your family in case of your demise. At the age of 38 and done reasonably well in this game and property game - I have the same setup like yourself with Shares, and formalised the plan to paper and moved things into a Will Trust for double protection for the properties - in case my wife ever decides to do one and she re-marries at least the other half cant get half of any of my assets and is protected within the Will Trust. Can’t be too careful eh!

Thank you for the informative and insightful reply - which does answers my questions! Much appreciated :)

@Mandysrevenge: I hear you regarding your investment - but if BT went up you would look like a hero and it’s just unfortunate that BT has gone the opposite way - unfortunately, this was/is the risk you were/are still willing to take (by not selling) and whether you blame your investment BT…only you can say that matey!

Good luck to you and hope you get some of it back or more someday.

P.S. Ah-so’s or are they ass hole (Arigato) if we’re doing Japanese now ha ha ;) ;)

@Topcatz - Good point on when we bought into IPO MCap value was back then to MCap value now. Indeed not sure either when we will hear from them - as not seen any company updates via MVs - so will wait to

IPO date and see if anything is released then chase up if nothing heard. But will have to read the T&Cs of them and see if I can gleam what/when we can start exercising them when it comes to market.

Hi TopCatz - Good to see you still on here matey!

@CM22 and TopCatz - I didnt mean to say it would never get to 30p - I meant just not on the back of the Microsalt news as I think someone put on the title/subheading 30p - when it was only 8-9p at the time of their writing if you see what I mean.

Im queitly confident - it will get there (and hopefully beyond) one day - just not short term that some are hoping for Mid-Long term highly possible - esp. when Cliff’s exit strategy comes to fruition on all four plays or individual play in the future as he spoke of years ago is revealed and can he deliver under his tenure.

One step at a time eh :)

Yes - not so sure about 30p that has always been the difficult barrier to get to and maintain level at.

That’s why I say dont get fingers burnt at the top - TekCapital does not move like this unfortunately and it is a AIM share after all.

GLA

Would be good if Ticker was BAE - as in Salt Bae lol! If anyone knows this chef’s signature move when sprinkling salt lol!

Unfortunately, BAE’s ticker has been taken - lets hope the Market Cap can get to or past the real BAE ticker haha

Indeed it does CM22 - I was lucky to get these at 6.5p what seems like many moons ago - TopCatz was one the ones with me back then - and sold some at top end and left abit on the table and bought back in when it got back to my starting position lol!

So good to see this has finally popped again.

Hopefully, the 4 will begin to make a change - with Microsalt being my personal favourite as I bought the IPO back in May 2021 via Microventures at 1 Dollar a share (so will be at 50% IPO cost loss if the opening cost is 40 whatever Pence starting as proposed).

Will to do some digging now, and try find out what happens with those IPO shares when Microsalt actually hits the market. Hope I can exercise them freely and not wait for a year before I can do anything with them (as some IPO’s do have that stipulation/rule).

Well done Tekkers who made some nice gains and those who have held and recovered some losses. Been a choppy ride this one to say the least ha ha.

ps. Dont get fingers burnt at the top people - Buy on Rumour Sell on News as the old saying goes.

ATB and GLA!

Haha no worries Mandysrevenge, as I thought your response has no context to what I wrote haha ;P

Well as the saying goes - “Money does not have any owners just spenders”.

To me it’s just a tool - to get sh it done to help and build and enjoy doing some nice things in the process and pass ‘it’ and asset along…..Simples ^__^

@Mandyrevenge:

This would be a very caring and suprising approach to say the least for CWU indeed to lookout for those who most likely pay or contribute to their salaries.

Especially, as several contacts I have within the firm - say they rarely hear from CWU, and just tell them whenever something is done - but never consulted or updated on the process of an action or case….which seems ridiculous to me and make me wonder what they actually do - granted they are probably CWU’s for other firms as well….although this should be no excuse.

I will ask contacts if they hear anything from CWU or if they are notified of what is happening within BT (if they do not already know from the media)

I have to say - this has been an entertaining read of debating views on here from past 2-3 hour span, and some excellent points and callouts from all parties here.

@Fleccy : Are all your shares you have on Voda/Lloyds/BT - do you have anyone or people ie. Frieds and Family you can transfer them to if need be in times of emergency?

As I saw in one of Mandysrevenge (whether true or not) if you are over 60 and hopefully in very good health still - what will you do if BT does not come to fruition in the timescale you have set? Also what figure is an exit point for you? Or do you plan to never to sell? - Which if is the case, would you transfer your shares to your beneficiary(ies) well in advance?

Apologies for direct and perhaps personal questions on such a board - just wanting to know what a person does past the age of 60 (again if you are) when dealing with stocks and shares at the 3rd quarter of life (assuming we all reach to 100 that is :D).

TIA.

@AbjectPerformer : “Bt will use behind the scenes influence in Whitehall”

- Indeed they will - just hope ‘they’ are as persuasive enough to make the win, or at least cut a good deal. Damage limitations.

“but even threatening accelerated 55,000 cuts to half the £1.2bn, would still send us below a quid a share”

- sad to say I think that too - as further restricting and limiting resources inside the firm to complete essential rollout plans etc. is not good. The people who really suffer - are those left behind to pick up the pieces and continue firefighting what seems like a ever burning fire within the firm.

Let’s hope we all wrong, and BT can get good news for once.

I doubt BT will get a way without paying nothing, and will settle to paying something half way - although, would be incredible if they Win - as that should move the SP above 120p-130p mark - otherwise this is going back to sub 110, or dare I say 100p mark.

I concur - 1.2bn fine is a kick in anyones Cojones. It will likely speed up BT’s head count if they lose, and increase customer’s telephone bill to cover the cost….oh wait this is what the case is about lol!

Going to be interesting to see how BT play this one.

GLA.

Thanks Aus3009 for the explanation.

Thanks Fleccy for your explanation too - and regarding the extra 20K being added to the 50K salary then income tax of earning of 70K was what I thought would be annual salary income for someone in that position - which would mean they would be a higher rate tax payer for that tax year if I am not wrong as they past the threshold from Basic rate to Higher rate.

If this is the case how it works - wonder how many people considered this or were unaware of the tax implications of leaving with a package between Jan-March time (if BT offered packages for them to leave during that quarter) as they would have earned close to a years salary with an addition of whatever the is excess of the 30K lump sum and 18K in pension pot which I think Joe said was C3 but anyone on higher would fall straight into HR tax band).

Interesting stuff when corporations offer leaver or voluntary packages to employees knowing well they could end up with lesser amount than they receive if they’ve not got an exit plan or financially savvy.

@Joe: Seems like BT offered the option of 3 hours drive to work - knowingly someone in the right mind would not take that job for the same money or unless it involved long driving as they had done in the past.

Much appreciated for the response.

Is the amount of a redundancy package all exempt from Tax (ie. the 30K and the 18K?) even if you earned throughout the year? Eg. If you were made redundant and made to leave in March (so you effectively earned a salary before the end of a tax year until time of departure ie: March) would the redundancy package amount received be part of the salary earned in the tax year?

Hope that makes sense.

Just trying to understand redundancy’s and taxes esp. how BT plan their pay-offs or cutting of heads, or if it is all just coincidental when the firm’s staff are made to lose their jobs/made redundant as losing that many people over the next decade can/will be detrimental to the staff and firm no doubt.