Hi Lovelyboy
Your confidence is only a few %? It should be WAY higher than that ;-)
Come back to that in a minute.
I have had a few questions asked over the last couple of days.
1. Why didn't i join with the telegram group?
The honest answer is, i am not a big fan of private groups like those because a couple of other shares i am in did this, and the messages that were being posted on telegram / premium chat on L2 were not the same as posters were posting on the main BB. Anything i have to say is for the benefit of everybody, not a select few. It also ensures there are no mixed messages.
2. When will we receive another update?
Obviously, i am not part of the BOD so i can't guarantee if and when things will happen. However, i believe that the BOD will wish to save time and money, and i expect that the next news would be the announcement of the deal. Given that this will require the approval of the shareholders, then this would require an AGM. In such a case, i think the BOD will combine the announcements, hence the delay in announcing an AGM. As for timing, the last thing we want is a spike in Covid in week 1-2 of January following the Christmas period. Any further tightening of the rules could inevitably lead to a delay.
3. Do i know who the target is?
If i did, i could not reveal it anyway, as the FCA would be waiting for me to get home tonight! So not for definite, no. but i do have my theories on at least 2 possible candidates.
4. Is the target **** or ********?
This is answered below as per Lovelyboys comment.
5. Am i party to or connected in any way to either Bould, or the intended target?
Definately not. I am just me, an individual shareholder just like the rest of us.
Back to Lovelyboys post.
It is probably obvious to most on here who you are referring to re the target. I will say that it is all to easy to see similarities with other prospects, and make an apparent link. Indeed, approx 12-18 months ago, all the links were there for Couer, and i was pretty sure at the time that it was the target. Having investigated further, i later discounted that theory.
I can make a link to probably 3 companies looking at certain coincidences.
In the case of the one you are concentrating on, you correctly said they published the prospectus. However, this was of the whole company, **** to list on the main market. IF this was the company, then the bit you should be interested in would be a later prospectus/listing of the spin off company, (not happened yet).
Just supposing it was the spin off ********. Would you be happy with that company, (look at what they would bring to the table - a million or so?) or would you be happy with a much better prospect?
Hence my comment you should be WAY more confident than a few %
Neil
There are a few comment that there is not much news in this announcement.
I would respectfully disagree with those thoughts.
In fact, within the remit of what the BOD are allowed to say, i would say there is quite a bit of information. Previously we have only been told " due to circumstances out of our control"
This announcement actually details what those circumstances are:
"This has primarily been a result of the painstaking process of listing the Company’s shares,which is necessarily exacting with work covering legal,financial and technical due diligence,followed by a lengthy review process and dialogue with the relevant regulatory bodies".
They have heard our concerns, and responded accordingly.
This is very good news.
Stick with it, and you will be very happy in the New Year!
Neil
Gents,
AN UPDATE WILL SHOW ANY TIME NOW
Nei
Hi Artyh
The BOD are looking to see what they can and cannot say in a formal communication. They will be very limited as to what they are able to say, but subject to the content being agreed, they are hopeful that it will be by the end of the week. So yes, if everything is agreed, it should be tomorrow. However, i am not one of the BOD, and i don't know what they are agreeing with who, so obviously i can't guarantee if it is tomorrow or Monday, but something WILL be coming.
Neil
Gents
Some interesting posts on here today, to which i would like to respond.
Firstly my heartfelt thank you to all of you that have posted your kind words.
Secondly, to Rooblertwo. I very clearly said that the BOD were looking at what information could be released to us, and if they get agreement on the content, they hope to issue it HOPEFULLY BY THE END OF THE WEEK. You haven't even allowed 24hours to pass before you complain that we have had zero from them.
Thirdly to JamesB88 I can only say that i am not RKB, there is no trading so i stand to gain absolutely nothing. On the other hand, if i am telling lies, then i have everything to lose with regards to my credibility. Why on earth would i risk that. Although i do understand that trusting anyone on an anonymous BB is not to be recommended. It only takes one person, and we are all tarred with the same brush.
I am completely being as honest as i can with you all, and can only say that i am only acting on what information i am given, and that information leads me to believe that this will be a GOOD outcome for us all.
Neil
Rooblertwo
I had already advised that what is being said on this forum is known by Tim/the BOD, and politely suggested that we temper our comments.
Your post last night may have something to do with it?
And you wonder why they don't want to engage with shareholders when that is what they get?
Neil
HaveNoClue,
I,m sure you are right about the sceptical views. i would just say the following.
Unlike a certain someone, I can't suck people into share that is not trading.
I don't claim to have any links with anyone, but i will talk to anyone that will listen.
Until the last few days everyone was ****ed at getting no communication from the BOD. I wade in with my size 9's and manage to get something from them. Even if we get nothing from them, you are in no worse a position than you were last week.
What do i gain from all this? Absolutely nothing apart from knowing i have helped someone.
I suggested a few months back that anyone that had the funds should look at SYME., and that i was in EUA to try and recoup some of their "losses". Again, what do i gain from that?
Again, absolutely nothing apart from knowing that some people made money. That is good enough for me.
I had hoped that my posting history was enough to convince people that i am genuine. I had a bet with Rooblertwo that the deal would be done by a certain date. It didn't happen, so i donated £5000.00 to a charity for terminally ill kids. Did i mind losing? Not one bit because that money will help give them their wishes in their final days.
Have i any reason to lie to any of you? No. At the end of the day, we are all anonymous avatars, i will never meet any of you, so nothing i say really has any relevance. Do i care what people think about me? Apart from my late mum and dad, and my two great kids, No, they are the only ones that matter. There's an old saying - 'It's nice to be important, but it's more important to be nice' That's a good attitude to have.
Neil
stimpy-jack,
I'll try and answer the best way i can whist trying not to say it in the wrong way....How many knew the intricacies of a section 303? or the consequences of breaches leading to a category3 offence and subsequent fine levels?
In a previous career, when something needed sorting, the phrase was "send the rotweiller in" i.e. me. When i get involved in something i will dig, dig, and then dig some more (must be a touch of OCD) to make sure i know what i am talking about. It is how i came up with something i posted last year that exposed the real names of people behind a company that wasn't all they seemed. I have successfully sued 2 of the biggest blue chip companies in the UK, if not the world. One of them being my employer at the time. To this day, one of the companies still cannot understand how i knew something that i revealed. Their legal team looked at each other with their mouths open, and made an offer of payment to prevent the case being held in court. If i go into something i make sure i know what i'm doing.
Asking the right questions in the right manner is important. So is persistence. No i don't hold 80%, but do have a reasonable holding.
Why did i decide to go to the lengths i have? Because it was the right thing to do. We are just the little fish, and i don't like the big fish thinking they can treat us how they want. There are people on here that have a lot of money tied up. Some (i assume) can afford to lose it, some cannot. This last year has been a crap enough year as it is. If i could do something that could make it a little better for them, then why not help?
Hope this answers your query.
Neil
F*CK ME!
THANKS VERY MUCH ROOBLERTWO
UNBELIEVABLE
Gents
I have had further communication this morning by way of a telephone conversation.
My personal mobile number, has always been available to them, so i am always contactable.
The BOD are fully aware of the issues we, the shareholders have.
News will be forthcoming. They are looking to see what can be said. It will be limited at this stage, but at least we are getting something. If they can get some communication content agreed as to what they can say, it should hopefully be by the end of this week.
Following which, they are looking to conclude the process, which i am expecting to be in the New Year, as there is realistically, only 8 or so days left of 2020
Neil
Email address for anyone wishing to advise their holdings :
bou shareholders @ mail.com
no spaces between
Do not give your proper name, your avatar is sufficient at this point
Neil
I think the way to go now, is to take a step back, and wait for a response from the BOD. Given that they are now fully aware of the sentiment here, and the fact that we have the requisite holdings required to take things further if needed, i am expecting an announcement. If no announcement is made soon, then it would be a fair assumption that they are willfully ignoring us. In that instance, then it would be reasonable to commence action since they leave us with no option by failing to engage.
Neil
JPP8788,
The only thing that has changed for me, is that i found a few things of concern when researching the compliance issues. All of which would have been avoided had the BOD acted with regards to requirements. Believe it or not, i raised the issue of action in order to alert them to engage with us so any further issues can be avoided. It's all very well saying that action could risk the RTO, but that is also true if they are not adhering to the rules. Apart from the obvious problem of not having an AGM when required, one area of concern as a result of this, is there is a possibility that the share capital authorities will have expired. This makes future raising of capital (which we will undoubtably need post RTO) difficult if not impossible until new authorities have been approved. i.e. by shareholders, which requires an AGM. Nothing has changed for me regarding the outcome, which i still believe in. All of this could so easily have been avoided.
Neil
Gents
I have had a number of communications today, some of which, i don't want to say too much on.
Nobody wants this to go wrong, but sometimes you just have to show your hand.
I can confirm that the BOD are well aware of the current state of play. I can also say that what we say on here is also known, so i would just try and temper your feelings a little.
For balance, as i have stated previously, i am of the belief that all that has been needed, has been done, and that approvals that are required, are out of the BODS hands, and that at some point, those approvals will be forthcoming.
The BOD are fully aware of the issue of the lack of communication, and to that end, i would expect that some sort of communication from them will be made shortly.
Neil
Gents,
Wow!
I am truly humbled that you have put me forward to act.
Of course i will be only too pleased to get this in motion, and hopefully we will get something sorted one way or another. I know that some on here may not be fully comfortable in possibly having to take things in this direction, but can assure you that i will be acting in the best interests of us all.
With my own holding, we are well over the required 5%.
I have just concluded a telephone consultation with a Corporate Law Solicitor whose field of expertise is in the Regulatory side of Corporate Governance. She is fully aware of our situation, and has offered the backing of their firm should we require. She did confirm that something i said to her was correct, and that the BOD/IFC were incorrect. This was one of the points i alluded to in last night post.
I need to get a few things sorted out, but i will post further information later. There are a few steps i need to take before anything official, so i will need to get onto those items as a first.
An email account has been set up so that you can provide name and holding information which i will advise late. This is purely for legal requirements so confirm with the solictior that we are in excess of the required 5% Any information will go no further than the solicitor and the BOD (if required)
Again, i thank you for your trust, and hope we can bring some sort of conclusion. Even if, at this stage, it is just to get the information we deserve from the BOD
Neil
Having logged into my email account, while i have been on this chat, i have received a response to my email of the 6th. There are a couple of points that i need to clarify before i comment on the response.
I have raised some further queries in a further email
At least we getting a response
Neil
Hi Jace86
Nobody has suggested removing the BOD. I just pointed out one of the actions that was required under an AGM.
Inadvertently i think, you have raised a further point, in that another of the actions required, is the proposal, and voting on, the remuneration of the BOD!
All we ask is to be kept informed.
Neil
Gents
Thank you for the replies and support. Tomorrow i have a telephone consultation with a corporate law solicitor booked for 2:15pm just for a bit of legal guidance and make sure of the facts.
Ortus - appreciate the sentiment, but i have enough on with mu own co. thanks!
Neil
Aidan31/Twenty-four
re the cost.... had the BOD acted in accordance with the rules, then those costs would have been accrued anyway.
It would be an AGM in this instance, not an EGM
It is more a point of reminding them, that we are aware that they are not complying with legal requirements, and we know that we have the right to do something about it.
It is a normal requirement of an AGM to re-elect directors amongst other things. Don;t know about you, but i haven't been able to cast a vote on that basis!
It is more of a worry that they feel they can just flout these rules, let alone let us know what is going on.
Neil
THIS IS A TENTATIVE ENQUIRY ONLY AT THIS STAGE
Knowing that the BOD are aware of the comments on this forum......
In the event that i do not receive a satisfactory response from the BOD of BOULD OPPORTUNITIES /IFC to my email of the 6th December 2010, would any members be interested in forcing an AGM by virtue of the requirement under section 303 of the Companies Act 2006?
This section allows for the shareholders holding 5% or more of the shares in issue to be able to demand an AGM. You do not have to give me your names, just a simple yes will do to see if there is the appetite to take on this action.
Neil