Member Info for lbjj

It’s all empty talk. Being excited by some weak grasp of reality is not exiting. It is deluded and at best, misleading, or, more likely fraudulent.

Never any talk of how or when is there?

Whoaaa! Hang on a minute.

So, a Vardar director owns the company acting as co. Secretary to Vardar. Any chance of a conflict of interests there?.

So much cash has been paid to them by Budge, an old uni pal of the Vardar directors.

I’m smelling a dirty big rat here. Marking their own homework or what?

The best / only advice I am able to offer is for people to write off the money they have invested here.

Can anyone tell me what is the point of the existence of BEM, other than to line the pockets of the so called directors?

For the life of me, from the point of view of an existing or potential investor, I can see absolutely nothing compelling to justify continuing with this charade.

The arrival of a new CEO demands to be communicated properly. And that means an RNS.

As far as cost is concerned, it is peanuts compared to the dead money the previous CEO squandred:

- £3.5m on Kosovo

- £80k fine for forgetting to pay back the bridging loan in 02/23

- £3k legal fees for what?

- And he's still drawing a salary ffs

Ha ha. You've set the bar too high for your amorous intentions.

I would confidently predict this will never see 5p

Yes, thank goodness I don't Suzy2

Suzy2,

I hope you're not going ro have a crush on Ed, like you had on Budge ffs.

He has to make a very quick impact. He's not started well on that score.

Suzy2,

Don't belittle or patronise. Makes no sense.

There has never been an era in which the woes we are suffering are so self inflicted. We've had it too easy for too long, which has spawned a crop of spineless, lazy incompetents.

He's exactly the same as our unelected PM. It's all about soundbites, what sounds good. Zero su stance.

Sunak's 5 point plan. Pure fantasy.

Stop the boats

Hasn't stopped a single one.

I am living through the most shameful and incompetent era of a vacuum in political and commercial leadership.

Zero backbone.

Zero integrity.

100% greed.

The fact he took time out to post on LinkedIn rather than communicate with investors says a lot.

It's all about him bigging himself up and nothing about grafting.

Tw*t

He's secured an additional source of income. He's well sorted. Doesn't feel any obligation to actually do the job.

This company is being run exclusively for the benefit of the directors. Self serving wasters to a man and woman.

Eric,

And he is completely wrong about BEM having 3 valuable assets

- Kallak is potentially extremely valuable but has been mismanaged and neglected.

- Vardar has swallowed £3.5 m for a few drones flying about and is worth nowt at the moment

- we do no have any assets in Finland. Not even an exploitation licence application pending

He is already talking b*ll*cks

Ed's greeting on LinkedIn is meaningless, cut & paste BS.

I don't want to hear that sort of nonsense. Give investors real, tangible, costed, achievable plans or keep quiet.

I'll listen when he's actually achieved something worth hearing about.

Ed doesn't work Mondays, Eric. Not for BEM anyway.

So, a new CEO will arrive next week. Another part time snout in the trough, feasting on a generous full time salary ++++

I am aware that “the last chance saloon” is an overused cliche, but, with BEM, it’s appropriate.

Personally, I believe this company has been run into the ground, partly through lack of effort and incompetence, but, overwhelmingly due to the wilful abuse of position by every member of the BOD.

Bereft of any semblance of a plan, for years, they have collectively given up on creating a company with any hope of generating revenue. Instead they have limped from one fundraising to the next, plundering your investment for their own benefit.

The situation, in my view is irreparable.

How long will investors tolerate this crass, selfish incompetence? It is high time Swedish investors mobilised their 80% shareholding and informed the BOD they must account for their activities and publish whatever plans they intend to implement, and his, and by what date.

I wish the new CEO every success, I really do, but I am unable to see how this appalling situation can be rescued to provide any sort of payday for investors.

She, like her fellow directors, believe they are above reproach, and beyond scrutiny. They run the company like it’s a private ATM to be emptied at will entirely for their benefit.

And Budge was out downward dogging half the time.

Apparently a swedish investor pitched up at the library office only to find a notice on the door saying "out to lunch. Back in 6 months, maybe"

Eric,

Your investment strategy has been to sit tight for 23 years, never selling a single share.

Apart from the parlous state of the SP compared to your average, you should consider the erosive effect of inflation on the value of your static holding.

Even at a miserly 2% per annum, 13 years sitting on your shares has list you 30% value. Thus is on top of the fall in the SP.

You should seriously consider taking the hit and selling up, for the sake of your mental health. Even a doubling of the SP ( unlikely ) will make so little difference to you.

Endless fretting and spending hours every day on this board is unhealthy.

Let go and don't look back.