Member Info for jimbobcat

Just to add

There is the unknown Covid insurance claim they were attempting to pursue. This was last mentioned when Woolovers made their indicative offer as any money from this would be ring fenced for UBG share holders. I’ve no idea if this will ever come to anything though.

Very interesting RNS which seems to have been missed by the market so far. Could be an interesting close and day tomorrow. All the best.

2 different proposals and 2 different parties!

Will this spark a definite offer now or could other parties now show their hand? Hopefully this could lead to an improved offer as I still think both potential/indicative proposals undervalue the business.

The boards own words in the RNS.

How right they are.

I find incredible that the shares were readmitted for trading at 13:00 and the board can’t get an RNS out until 15:11. Complete incompetent and a major disappointment in every respect.

NOTICE OF RESTORATION OF LISTING FROM THE OFFICIAL LIST

05/04/2023 13:00

RESTORATION

Golden Rock Global plc

The Financial Conduct Authority ("the FCA") restores the securities set out below to the Official List effective from 05/04/2023 13:00:

Security Description

Listing Category

ISIN

Ordinary shares of GBP0.01 each; fully paid

Standard Shares

JE00BYZT0R68



This notice has been issued by Issuer Management - 020 7066 8352.

My thoughts for what they’re worth on the offer.
1. Although offer good premium to share price it’s only 70% of placing price done in July 2022
2. Last trading update wasn’t great, with small loss expected for year. Unbound due to publish full year results in May.
3. Board may be able to negotiate higher price but due to current trading this weakens their position.
4. If pushed too much an offer may not materialise so it’s a fine line.
5. A higher offer may come in from another party or parties. Unbound is an established business and significant potential synergies with another company.
6. Potential offer values Unbound at less than £7 million which seems cheap when revenue is expected to be £53/£54 million although due to make small loss this year.
7. Covid insurance claim? No idea the amount or where this is referenced in company documents.
Would be interested to hear other peoples thoughts.
My position is that I picked up a small amount of stock at 4.3p and topped up after the news.
All the best

It will be interesting to see if this also now triggers rival, higher offers.

I like many will be taking a big hit on this.
Shocking RNS. However I presume that
1 Share holders can vote against this
2 Another party can still come in with a better offer
Trying to look for a few positives right now.
All the best investors.

I’ve been looking at Bolt Global’s website today and it still seems to be under development but sections like Investors are now showing (with no content) and also under contact us is the following text
“If you are an individual shareholder, and have questions about managing your holding, the business, or when the next AGM takes place: this section is for you.”
Hoping that the RTO and relisting will happen very soon. It’s good to see they clearly have everything in place to be a listed company. All the best.

It’s good to have an official update via the RNS.
Both parties seem committed to getting the takeover done and although it seems to be taking a longer time than most would have liked, I would much rather have todays update than a one line statement to the effect that after all this time terms could not be agreed so the talks were terminated.
Hopefully our patience will be well rewarded. After all, we have no option but to wait it out!
All the best.

We may get an update tomorrow or early next week regarding the closure of the first issue.
However until the accounts are signed off FV remains suspended. Getting the first securitisation over the line is key to this.
Hopefully once this is confirmed it will just be a short wait until the auditors complete the audit and sign off the accounts. My concern is that because of the timing and holidays this may not be until the new year. Hopefully though this will be worth the long wait.
All the best

456,251,830

https://www.investegate.co.uk/forbes-ventures-plc--for-/prn/update-on-litigation-funding-securitisation/20211210093012P0490/

Tbh I’d be very disappointed if they only sold Paraytec for around £100 million, as I believe that significantly undervalues the technology they have.

Unchanged now as it is suspended pending potential RTO. Got to be in it to win it!

21-05-2020 Braveheart paid £203’000 equivalent)700’000 shares at £0.29) to increase their holding from 25% to 42.67% of Phasefocus.
Assuming the value attributed then has remained unchanged it would nominally value Phasefocus at £1’150’000 and Bravehearts holding of 42.67% at £490’000.
So plenty of room for a very decent return upon the sale of Phasefocus.

I’ve been rereading the previous RNS’s from September last year and we have had constant delays and promises made of deadlines, which have all been broken.
As far as I can see the cell 1 has been created and registered but still not approved.
Also the closing of this issue will also mean a corporate update, nearly a year since the latest strategy was announced. Surely an update is the least the shareholders deserve.
I’m sure work is going on behind the scenes but the speed of work and poor communication do not inspire confidence. Surely the audit should have been a formality as they have not been very active as a company for numerous years.
I feel the company and ceo will have significant credibility issues following this, even if everything falls into place.
All invested are in the same boat, we’ve no choice but to wait it out. I’m by nature very patient, but this ongoing saga (I won’t use the word debacle, yet) is frustrating to say the least.

Link for RNS on investegate

https://www.investegate.co.uk/forbes-ventures-plc--for-/prn/update-on-litigation-funding-securitisation/20210607070000PF7E2/

Can we change the heading please gentlemen.
This is a free board.
There is nothing wrong with taking profit, or being on a free carry. Profit is only profit when banked.
Nothing wrong with believing in a share and being enthusiastic either.
But investing is about making an individual decision about when to buy or sell - it is what suits you best and as such it should be respected.
All the best

Very impressive results and a phenomenal achievement given the time from the initial proof of concept.
Today’s RNS highlights the danger in being out of the share. A sale of Paraytec or license agreement can drop any time now. When it does it will be impossible to get back in. If you believe in this product, hold tight. The demand for this test will be significant.
All the best