Member Info for MickR

Another one bites the dust. Hope not too many PI's trapped?

C26 ….wow, this board must give you an outlet to escape your misery? You are here all day and all night bashing the company while it has gone up 60% from my 90p buy.

Hope you are making money with the bashing mate.

DYoR

Last week when it was at this level 0.16p we got news of the last warrants flushed and the SP rose up almost 50% to 0.22p. This share moves fast when it gets going and I am holding long and strong here for the payday. Holding a 20m stake not for trading.

Good luck holders.

Yup, seller out very likely.

0.65p ask is NT to buy.

NT to buy.

Porter, I hope you are still holding. MM's seem short of shares, soon NT to buy at 0.65p so could be a rush to 1p. The news must be very close IMO

There she blows...hold tight folks. 1p could be seen today.

DYOR

If seller out confirmed by RNS, we could see a rapid rise to 1p as the free float is very limited. 5p IPO price now at 0.60p with cash runway until Q4 2023 and Imperial Brands a 10% shareholder.

The seller has presented a good opp to retail. GHS possibly exiting?

DYOR

MM's need to reduce the spread. It looks like they do not want people to buy with a 10% spread??

I was speaking to a lawyer mate and apparently the company's consent is required for a charge to be issued over a company's shares.

This all stinks to me despite the company's explanation.

DYOR

I bought more than I could risk at 32p so sold a packet for 30% profit and have today exited completely. Like I said, I have banked 20grand here which is more than I could have imagined so quickly.

From 26 August 2022 RNS

“Extension of cash runway

Taking this action means that existing funds, which would otherwise have been fully utilised by April 2023, will now extend to Q4 2023. Pre-clinical work for OCT130401 will continue, ensuring that Programme 2 is Phase I ready in early 2023. Development work for Programmes 3 and 4 will also continue, with the Company still on target to be at pre-clinical stage (for programme 3) and lead stage (for programme 4) with these programmes by Q2 2023.“

Will be adding more tomorrow to my 2m shares bought today with profits from THG

DYOR

Thanks all. Hope it goes to 100p plus for you guys.

Total profit banked today £20,000 after having bought at 32p. I am now out.

Good luck all.

Looks like news could land tomorrow. The seller has dumped his shares at 0.40p past few days which have obviously been bought by someone. Could be a quick rise to 1p and over if Imperial Brands is buying more on the open market down here.

DYOR

Isn't this bad news as the rule 7 lock in no longer applies so Bluestar is now free to sell the MBU shares if MBU defaults on any borrowing from Bluestar? See previous RNS: https://www.investegate.co.uk/bens-creek-group-plc--ben-/rns/statement-regarding-rule-7-lock-in/202203141730027368E/

DYOR

Only a matter of time before the ask moves up from 0.27p as supply is drying up. Next stop 0.30p today as some have said?

DYOR

The price is encouraging to see. Fingers crossed for a bid.

DYOR

I would expect the volume to come when the newsflow starts.

The current market cap is about £6m by my estimate (2.3b shares in issue with the 31 October placing) so at 1p share price the market cap would be about £23m which is my target by Christmas.

DYOR