Member Info for Jonno41

It seems like a certainty that there is at least one large investor taking a position here, presumably RRR have been presenting to investors before newsflow. I really cannot see any other scenario - too many buys for a P&D and too torrid a past for investors to buy into any new unproven investment so almost cetainly news regarding Kenya (perhaps license and JV at the same time).

If the company is running out of cash, assuming this investor has been sought out by the company, there must of been comfort given around any dilution being at or above market price.

IMHO - DYOR

Will be interesting to see trading tomorrow morning... can we break 0.6...

MrMAgIc, what possesses you to spend your life slating this company? Surely you have something better to do?

Anyway, on this occasion I do agree, why would 2 substantial holders who presumably have open dialougue with Bell and others be selling off thier holdings? It is concerning to see this, thinking about doing the same. Lets see where we are at the end of the week - there can of course be other reasons other than expecting a highly diluted placing on the way, but if we listen to the upside rampers, large shareholder sell off does not make sense.

Saying that, there is quite alot of buying as well, it would be nice to receive a holdings email saying someone has taken a position rather than the opposite

MrMAgic, your posts are never rounded, RRR have made lots of bad investments over the years but also some good ones. If the Mogori licenses are restored and a positive RNS follows, with the price of Gold as it is, the SP will rise.

If as you say those with CLN's start to sell above 0.6 then probably the sp will struggle to get past that level. If the shares are diluted at under the SP the price will cetainly drop.

In this kind of market, it is certainly not inconcieveable that the price get close to 1p, but I do conceded the chance of it dropping is also very possible, maybe even more likely.

Lets see, but if you want anyone to list to your decade of deramping, I would recommend you keep your posts rounded. There are certain investors who have doubled their investment, so not everyone has done badly here.

Have not heard anything, they simply do not seem interested. I am ready to give up and move on as this is bothering me way too much. I have been trading on AIM for years, and seen some dodgy dealing but I have never come across anything like this. It is the most obvious market abuse I have ever come across and it looks like he is going to go unpunished Australian arrogance like I have never come across before.

What did the letter say Donny? I do not hold shares directly and am not always communicated to by Barclays. Yes I have been absolutely ripped of by MT and his cronies, what they have done is truly criminal, but I have absolutely no idea what to do about it. Even with all other sheninaigans on AIM I expected much more protection. Lesson learnt.

Does anyone know what is happening, have we delisted from AIM? Thought we would be told if we had delisted. Seems clear now

Here's some of my reply: What I have done with the information received "However, given the circumstances you have described in your email I can appreciate why you have contacted us about this and why you may have concerns. We have referred this information to our Market Abuse Team for their information. We have more information about what they do and how to contact them if you have additional details about this on our website which you may find useful." I basically focused on Mt stepping as CEO, selling his shares for 4p before an announcement was released saying the company was in trouble. I then told them about Bosadvocate and how MT convinced us to vote for him to refinance the company at 1.25p whereas in reality all the new bod did seemly was let him out of his finacning agreement

The FCA did say I had been the first person to contact them. Can you please all spend a few minutes and email them with reasons why they should investigate this company. i suspect 10 complaints will more likely generate an investigation that 1. https://www.fca.org.uk/markets/market-abuse

Had a very good response from the Fca.they were not aware, but they are now and will investigate

I run a business and have about �500K cleared bank balance. I have about �400K of invoices to pay. I know let me buy an asset for �500K and default on all my creditors, putting the business at risk. I guess I will need to call the administrators in meaning all my shareholders will end up with nothing, but if I can somehow buy the �400K asset on the cheap I'll be quids in!!! I can then start another business and do the same again!!

Did not really want to get involved but Michael Travia has been so obviously manipulating and misleading us I had to get in touch with them - shame he has not made any effort to talk to us

Was anyone asked to be involved in the placement. The RNS clearly stated that existing shareholders would be invited to participate in the placing. I have not been contacted, and now we are told that there has not been enough interest. Is that because no one was asked???

We should see a good rise today. $2b alone is over $20m to RRR,many times Mcap.

It now seems clearer why he sold some shares at around 10p to the 3rd parties mentioned in the last announcement. MT clearly needs a higher sp to stop him losing a fortune, and seems confident enough to invest more money in this company rather than letting it die. I am not sure pumping alone can do this. Once AIM investors lose trust in someone making the sp move up is harder. The question is, how good - if good at all - is the BOS product. Or is this all about Call Design. if its the latter, we can hope for 2 ish p at the best, if its the former there might be a chance to see a more meaningful sp. Lets see how this plays at, as no choice anymore, but its hard to have any confidence after all the mistrust. For me, MT has gone some of the way to build a bit of trust back in him (not BOS), although how the biggest shareholder resigned from the board and allowed this mess to unfold is completely beyond me.

GW I would suggest the FCA would be hard pressed to ignore this. We have been completely deceived and misled by a company that was funded for 2 years but decided deliberately to invest in a share of a business when it could not afford to and then take on overheads beyond its funding - the chief funder left in the midst and sold millions of shares into the market which brought the price down, only weeks before a news release that the company was in major trouble something he must of known about. And then you have the board squabbles with MT. Not forgetting the millions of shares MT sold to persons and businesses I cannot find anything about at 9.5p a share before orchestrating the crash of the sp with his super big sale. All of this going on and not a thought or communication to all the pi's caught up in the middle of this. If AIM finds this acceptable I'd be amazed but if the company gets kicked of AIM how does that benefit us. Has this all been about us funding the development of this software which will now be probably bought on the cheap assuming it is worth something. Or is this a more elaborate scam? We have a website that does not seem to work, an instant chat where no one gets back to you. I cannot find any information on any events that BOS pushed its software. If any sale pushes did happen, we were not told about them. I must say, I have made some good money on aim and lost probably just as much, but nothing has made me angry up to now. This really is the most outrageous situation I have ever seen on aim. To be clear, the FCA would have to act on this.

FCA (not FSA) are not like that anymore. They are there to protect us, the problem is, what can they do to help us? If the FCA investigate BOS (or MT) it will probably kill them or at the very least cost them a lot of money. PI's will get naff all. So my conclusion (and I know the FCA very well), is to let this play it's course over the next few weeks because the main target of our FCA complaint is MT who is probably the only person who can get us any sort of return from this. If BOS collapses I suggest we would all rethink our strategy at the point!

Not a fan of these guys but the article is worth a post. If there is any truth in this, the question of why MT resigned becomes even more bizarre. You put a probable idiot in charge of a company you own 40% off and continue to fund his salary, expenses etc, and allow him to run it into the ground??? All too far fetched, something else going on here... Not sure if this article is complete tosh, but if it is, I would expect some sort of retort from bod. BOS Global (BOS) is teetering on the brink of insolvency while the company's founder Michael Travia also tries top oust current directors led by serial ****-up merchant Adam Webb. I have now seen letters sent by those very close to the situation which act as a second source for me of the most damning allegations about Webb who should stand down at once and never be allowed to run a public company again. As a reminder Webb is a man with proven form in lying to investors and using company funds for personal needs like getting an Alfa Romeo as we saw at AIM listed Verdes (VMP) as you can see HERE. After that episode Webb wasa clearly not fit to run a PLC yet he was allowed to do so. One hopes that after the sordid truth about BOS emerges he really will get a life ban from the Aim Casino. The allegations made against Webb have been passed to Australian regulators ASIC and also to at least one London advisor so it is possible that a formal investigation is already underway. The allegations are of "gross misconduct and illegal behaviour". If BOS goes tits up you can bet there will be an enquiry and advisors cannot say that they were unaware of what Webb got up to. Let us start with the money. Loss making BOS has been cash constrained for months with a list of unpaid bills as long as your arm. But not all creditors face the same wait to get pad. Webb is earning £6,000 a month as a NED ( which is far too high) and claiming expenses. The first charge is that while other creditors have been told there is no cash to pay them and have been waiting in vain for months and months for payment Webb at al have been paid in full. Are they thus paying themselves while trading while insolvent? Are they treating all creditors equally? Is their determination to get paid in full threatening the business by risking the loss of key suppliers. In terms of the matter of trading whilst insolvent, I am told by one source " While the company has apparently been unable to pay its debts for some time they have demonstrably NOT taken sufficient steps to stem cash flows and have continued to incur liabilities. " Then there is the matter of disclosure or rather lack of it. Under AIM rules any changes in the financial position or trading position of a company must, if material, be notified to all investors at once. Not to do so deceives investors as to the true state of play. Yet in a formal complaint, one individual who was made aware of inside information states that the directors (i.e.

I am very voting for MT. The bod have had plenty of opportunity to release more info on funding, sales, revenues and costs and they have not. Additionally I assume mt will start funding the company again should he win the vote and he has more to gain if the sp rises and more to lose if it does not. The current directors have failed to buy a single share so dilution at any prices suits them. If they gave a toss about pi’s they would not of allowed their stupid quarrels to destroy shareholder value

The problem is, no one knows the burn rate, no ones knows the income from sales and CD, and the only reason for this is it is being purposely withheld by the company. Absolute disgrace, we should of known months ago, additionally how can they make sales under this environment, who signs a contract with a software provider in financial stress. There is a game going on here, and all us PI's are being used and treated like fools. This is why we need to try and get some protection from the FCA. No company can overspend so stupidly without knowing what they are doing. RNS were sent out to drive the price up to 20p and then rns's were sent out to drive the price down to a penny. Someone has made a lot of money here. If I was on the BOD, I would of known when to buy, when to sell and what to do now know. If anyone can tell me differently please do. And all they do is blame each other, so we can feel sorry for one of them.