Member Info for KAMEL17

Without going into huge detail, I suspect that the PI's posting on this board may hold somehere north of 5% of the entire share capital between them. Whilst there may be differing opinions of what the strategy is, no-one is ruishing to sell and there is an influx of new posters who appear eager to invest. The much busier board at iii has been bereft of comments since April however I sense interest is growing an may well continue up until the meeting on 15th August. This investment has real potential to rise sharply in the intervening period. Indeed I could see this being at least 6p by the end of next week. Shylock has already highlighted the apparent shortage of available stock. Interesting times indeed!

If the investors forcing the issue here think that there is value north of the current SP, achievable by selling the business for say 15p-20p as Shylock suggests, then why do they not just buy up to the 50% of the shares to get the vote through and then sell them again for way more than they bought them for? If it were that easy would they not just have done this already? On the other hand why go to all the time, trouble and expense other than just selling up if there is no significant potential upside. The more I look at this, I think they just want rid of the Chairman to give the business a chance and to halt the current downward trajectory. There may not be any pots of gold and this may simply be a salvage operation.

Firstly, Apologies for the opening line of my last post. I did not intend to say that your view was not correct, merely that I was offering another opinion. My posts are sometimes not worded as I had intended mostly as English is not my first language. Secondly, I now understand the difference between PI's and II's, these abbreviations continue to confuse me, perhaps I should not use them and just write everything out in full instead . Thanks for taking the time to point this out to me. Thirdly, Your points about the staff, the IP and the employment contract are all valid. In an ideal world where everyone acts honourably and ethically I'd agree that they could be relied upon. This situation though is politely hostile at the moment, however behind the scenes I'd suspect that the gloves are really off. If the fight becomes very dirty then everyone may not act as honourably as they ought to. In this kind of situation my investment may become collateral damage Lastly, thanks for your input it has been really helpful. You are obviously much better informed than me in these types of matters and procedures. Are ordinary shareholders allowed to attend this meeting and ask questions and if so how do you get an invite? I think I’d like to go if that is possible. Kind Regards

Shylock I'm not so sure that you are correct there. The potential humiliation is already out there. This man is fighting for his business and I just get the feeling that Mr Kennedy is unlikely to step aside gracefully. I am also of the opinion that there is more to this than meets the eye. The removal of the Kennedys seems almost inevitable now and it slightly concerns me that there is no movement in the SP. If the value is depressed by the current strategy adopted by Mr Kennedy then an upward movement of the SP would probably occur if his departure seemed inevitable. This has not happened and the move by the PI's may simply be a route to salvage current value and there may be very little, if any, upside for the shareholders. I initailly imagined a position would become clear following fairly quickly after the meetiing on the 15th August. I think this may be a bit of a mess and the extraction of value by the shareholders may not be as straightforward as the rational arguments put forward by shylock. This appears to be more of a risk than I had first thought. Understanding the organizational structure, including the key personnel ( the software developers, software engineers and support staff NOT the Manangement) may be the key to this. I am always fearful of dealing with specailised sectors where key individuals, intellectual property and proprietary experience is so paramount. Put simply, if the revenue earning sections of the business are either insecure or can be compromised, then it is entirely possible that the current NAV could disappear in a messy or protracted "bun fight" with a disenfranchised former owner. At present their shares are worth circa £1m and a breakaway business opportunity available to the Kennedy family involving harvesting of key staff and potential leads may be worth a multiple of this.

Honestly I am able to spell!

Welcome aboard. I think the PI's must have given Mr Kennedy every opportunity and taht the change of maangement and the possible change of direction is best managed by a new leader. The fact is that if these PI's though he could do a job they would not take this action. My only fear is that the hostility involved will result in operational difficulties somwhere down the line.Software is a specailised area and a difficult formwer owner may or may not be able to create difficulties.

I'm new to the board so I'm just posting to say hello. This is a share i have just invested in. I never invest in penny shares however this is my little flirtation with gambling for the year. I had become aware of Bglobal through the esight software that i have used recently in a utilities project. There is no doubt in my opinion that there is an underlying business with potential here. The question is who is best to release it. Shylock has made som e valid observations. The position may however be just as simple is that The Chairman and his family need to be ousted to stabilise the position. Either way I think the outcome of the meeting on 15th August should boost the share price by maybe 50% simply by reducing the uncertainty going forward. If the Chairman is ousted the remaining directors will improve the position and if The Chairman is not ousted then the likelihood is that he has offered trhe PI's something that they consider more valuable to retain his services. This is a penny share though. it should be treated as such. DYOR and good luck to all holders