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100% agree with you LooseLeafLady!
BRH raise £18M and then give a special dividend of £15.5M!
Morally indefensible!
Well what a surprise..........Who would ever have thought this would happen. A special dividend. How convenient!
I thought Trever E Brown & Co were invested for the long term in BRAVEHEART INVESTMENT GROUP
BRAVEHEART INVESTORS are in this position
Total number of shares = 36,252,748
- Total Cash = £18.15 million
- Cash paid out as dividend= £15.5 Million
- Cash to Trevor Brown = £3,671,493
- Total Cash left= £2.65 Million
So Trevor E Brown, the largest shareholder in BRH and RMS had a busy set of Board meetings:-
BRH Board Meeting 1. Let's buy 52% of P2P
BRH Board Meeting 2. Let's sell P2P to RMS
RMS Board Meeting 1. Let's agree to buy P2P
RMS Board Meeting 2. Let's tell the world about this great mask
BRH Board Meeting 3. Let's sell ALL the shares we own in RMS
BRH Board Meeting 4. Let's have a special Dividend and pay myself £3.6M
BRH Board Meeting 5. I can confirm that I am £3.6M better off than 1 month ago!
CHECK THIS OUT:-
Total number of shares = 36,252,748
Total Cash left= £2.65 Million
WHAT value exactly are the BRH assets? Still £ ZERO
.......and there are people saying TB and the BRH Board of Directors DID NOT have a conflict of interest?
@Darlonil...You write
I would have to disagree with Part 3 of your statement. What Director wouldn't know his MAJOR piece of kit wasn't arriving in the month it was supposed to BEFORE the 26th of the month. Really wouldn't you have been chasing this up every day from the beginning of the month
_________________________________________________________________________________________
THIS is part of my core argument! The BoD should have been ALL over this! It is business, it is life that things get delayed, that is not the issue.
The issue is that IF....
....the BoD of RMS knew there was a delay then they lied, misled and need questioning
....the BoD did not know, then why not? Were they misled? What was the pivotal moment!
As I have been saying on the RMS forum, they were not having a pallet of Mars Bars being delivered, they were having a relatively complex piece of equipment delivered. I say "complex" because according to Dr Cave's ShareTalk Interview, RMS were re-engineering or at least having a machine specified to manufacture their masks!
TB is a large, if not, the largest shareholder in BRH and BRH are the largest sharholder in both RMS + P2P.
BRH Board Meeting 1. Let's buy 52% of P2P
BRH Board Meeting 2. Let's sell P2P to RMS
RMS Board Meeting 1. Let's agree to buy P2P
RMS Board Meeting 2. Let's tell the world about this great mask
BRH Board Meeting 3. Let's sell ALL the shares we own in RMS
RMS is the ONLY company that BRH could extract money from, as all their other investments are not stock-market listed and TB's other investment, IQ-AI is not the place for P2P.
It is not difficult to join the dots.
BRH sell at 5-7p a share......which is not in the LONG-TERM interests of BRH shareholders
BRH sell at 5-7p a share....which is not in the SHORT-TERM interests of RMS shareholders
Connect the dots from which ever business you are in and all the dots STOP in the middle with one individual....Trevor Brown.
In my view, Paul Ryan as a NED is there to hold a BoD to account.
I am drawing conclusions, and looking at this from a BRH, RMS and P2P perspective. What I do know is that "SOMETHING" does not stack up!!
Someone has to being the laughter to the party! GREAT comment on the SCUD @ 34quintadolago
@ICEMAN888...you write the following
We have the CASH in the BANK! We can do what we like with it! I will buy on any weakness! I expect our amazing BOD to put some BIG deal out soon to ROCKET BRH to the MOON.
BRILLIANT TREVOR OWNS 24% of BRH and he will make sure this stock is sent to the moon! Short time if it dips i will buy as much as i can! After few weeks no one will care and this stock will land on the moon!
Trevor E Brown (CEO) 8,588,288 23.79%
_______________________________________________________________________________________
Have you read this?
https://www.thetimes.co.uk/article/boss-sold-shares-before-alert-led-to-fall-c6rvn29c2
Trevor E Brown's sidekick and supposedly independent Non-Executive Director SOLD 100% of their shareholdings in RMS plc.
You sure Trevor E Brown won't be selling 100% of his shareholding in Braveheart? He is 74 years old and has just made £17M
Excellent points @tuan6
Are they honest directors? YES, I think they are.
Are they competent? NO!
Did they act in self-interest? Yes, IMO they did
Should they have told us ALL that they knew? Yes I believe they should have
Did they know more than they told us? Yes, I believe they did as I have said on many other posts.
Lots of asking questions that need answering and the BoD have to PROVE that they DID NOT KNOW!!
The complexities and/or nuances of the relationship between TB / Braveheart / RMS / P2P.......meant that the BoD of all organisations NEEDED to tread carefully.
Selling shares in a company you were a shareholder in is not a crime.
Selling shares in a company you ARE (now were) either a or "the" majority shareholder is a different situation and that is before you add in being the CEO of the company who will benefit!
The case for the defence is waiting..........
Remote Monitored Systems boss Paul Ryan sold shares before warning of production delay led to 25% fall
Louisa Clarence-Smith Tom Howard
Saturday, November 28 2020 12:01am The Times
The chairman of an Aim-listed company and one of its biggest investors sold all their shares for about £16 million a week before a production delay was revealed, wiping out a quarter of its market value.
Remote Monitored Systems warned on Thursday that the antiviral face masks being developed by one of its subsidiaries would not be ready until the new year. Its shares slumped by 25.5 per cent, or ½p, to 2p. Yesterday they were flat at 1¾p.
In the week before the announcement, Paul Ryan, 53, the chairman, sold all 70.7 million of his shares, which were worth £2.1 million.
Braveheart Investment Group, one of RMS’s biggest shareholders, sold its shares last week when they were valued at £14.3 million. Braveheart is run by Trevor Brown, 74, who is executive director of RMS.
RMS was founded in 2013 as Strat Aero, which provided management systems and consultancy services to the aviation market. It was listed on Aim in 2014 and changed its name to RMS in 2018 after shifting its focus towards providing monitoring system. In August, the company said that it had agreed to buy Pharm 2 Farm, a Nottingham Trent University spin-off that is developing an antiviral mask with copper nanoparticles to kill Covid-19.
RMS bought Pharm 2 Farm by issuing 600 million new shares, valued at about 0.4p each, or £2.4 million. It awarded about half to Gareth Cave, 46, the scientist who founded Pharm 2 Farm, with the remainder going to Braveheart.
The share price jumped on November 13 when Mr Cave told investors to watch out for a stock exchange update on the masks. He tweeted: “The UK demand is about 2 million a day, so we’re ‘gonna need a bigger boat’. Lots of things in the pipeline so keep an eye out on the RNS next week.” The shares closed up 2p, or 66.7 per cent, to 5p, in a day.
Braveheart said this week that it had sold all its shares in RMS between November 16 and 18 after it became apparent that there was a “significant demand” in the market “at a valuation significantly above the expectations of the directors” at the time of its sale of Pharm 2 Farm.
It said that it would allocate the money from the share sale to invest in Paraytec, which is developing a Covid-19 test. RMS, Braveheart, Mr Ryan and Mr Brown did not respond to requests for comment.
I do agree with you @Manifesto, this is a question of legality, but it is also a point of integrity and accountability, even more so if you are a Solicitor AND a Non-Executive Director. A NED is there to hold a BoD to account, not be in cahoots with them and sell > £2M of shares!
Do I believe PR, as Solicitor knew what he was doing? Yes.
Do I believe PR, as Solicitor believed what he did was legal? Yes
Does it mean that what PR and TB have done is legal? Let it be tested!
Will it ever be tested? No, it won't be as the sums of money involved are too small.
My fundamental argument is this:-
Braveheart's CEO is TB.
RMS plc's largest shareholder is Braveheart
TB is the Executive Director of RMS plc and a large shareholder in RMS
Braveheart had £685K in the bank at 31 March 2020, down from £1.207M
Additional £675K raised between April & May 2020
Net Assets of £1.7M down from £2.2M
Page 8 of their Annual Report says
"More recently, P2F has recently installed a new manufacturing plant at MediCity in Nottingham, which has increased production capacity for the continuous production of a wide range of nano-materials that can be used for many applications"
So lets get this in order.
RMS plc "buy" P2P for what reason exactly? What has P2P got to do with Windfarm Monitoring and Information Security Consulting? Sod All!
Braveheart SOLD P2P to RMS because RMS was the ONLY company in their investments that is a stock-market listed company.
They sell a COVID narrative and boom....share price jumps to 7.2p and they sell....and then all of a sudden we find that P2P in fact are NEGOTIATING their manufacturing base when in March 2020 TB tells Braveheart investors that there is already a facility in place?
The written evidence and the RNS messages are in conflict!
There would have been a shareholder
I do not agree with you. PR can be a Judge and when you need £2M or £3m for whatever reason.....money talks!!
I know the law world and believe me, PR will have done what he did, believing he can get away with it or argue his way out !
He is DIRECTOR and DIRECTORS are accountable for what they do!
Anyone that believes that because he is a lawyer he has integrity is deluded!!!
I am going to contact the journos and share the reality with them! Get them to write a more detailed piece!
I need the SP going UP......so I have an axe to grind, but I can withstand the position right now. What TB and PR have done is morally indefensible and from my years of experience, they damm well KNEW what the truth was and thought they could pull a fast one!!
I hope that they get a lot of time to think about why they did it!
The alternative is they get off their backsides and get this business delivering!
I can tell you for certain two outcomes
@honest opinion
You write?
1. The sp will tank. Oh well, I can say goodbye to £70,000
2. The 3 of them will be investigated
It is #2. The fundamentals of the business, the product and Dr Gareth are still in play. TB is still the Executive Director. There is hope for them to do what is right, and either correct their shoddy dealing, or bring the news that investors are looking for.
The SP is likely to drop a little, but this business will move forward!
It might help if I could spell!
AIM Regulator came back with a tailored response to my email. Waiting on FCA!
My thoughts entirely!!!
I am sat here writing a LLM Thesis on Tax-avoidance, got a drink, picked up my mobile......saw this and thought......HOW convenient!
I have reported TB and PR to the FCA and the AIM Regulatory body and both organisations have come back with quick and tailored (rather than generic) reponsese!
FULL TRANSCRIPT https://www.thetimes.co.uk/article/boss-sold-shares-before-alert-led-to-fall-c6rvn29c2
Louisa Clarence-Smith Tom Howard
Saturday, November 28 2020 12:01am The Times
The chairman of an Aim-listed company and one of its biggest investors sold all their shares for about £16 million a week before a production delay was revealed, wiping out a quarter of its market value.
Remote Monitored Systems warned on Thursday that the antiviral face masks being developed by one of its subsidiaries would not be ready until the new year. Its shares slumped by 25.5 per cent, or ½p, to 2p. Yesterday they were flat at 1¾p.
In the week before the announcement, Paul Ryan, 53, the chairman, sold all 70.7 million of his shares, which were worth £2.1 million.
Braveheart Investment Group, one of RMS’s biggest shareholders, sold its shares last week when they were valued at £14.3 million. Braveheart is run by Trevor Brown, 74, who is executive director of RMS.
RMS was founded in 2013 as Strat Aero, which provided management systems and consultancy services to the aviation market. It was listed on Aim in 2014 and changed its name to RMS in 2018 after shifting its focus towards providing monitoring system. In August, the company said that it had agreed to buy Pharm 2 Farm, a Nottingham Trent University spin-off that is developing an antiviral mask with copper nanoparticles to kill Covid-19.
RMS bought Pharm 2 Farm by issuing 600 million new shares, valued at about 0.4p each, or £2.4 million. It awarded about half to Gareth Cave, 46, the scientist who founded Pharm 2 Farm, with the remainder going to Braveheart.
The share price jumped on November 13 when Mr Cave told investors to watch out for a stock exchange update on the masks. He tweeted: “The UK demand is about 2 million a day, so we’re ‘gonna need a bigger boat’. Lots of things in the pipeline so keep an eye out on the RNS next week.” The shares closed up 2p, or 66.7 per cent, to 5p, in a day.
Braveheart said this week that it had sold all its shares in RMS between November 16 and 18 after it became apparent that there was a “significant demand” in the market “at a valuation significantly above the expectations of the directors” at the time of its sale of Pharm 2 Farm.
It said that it would allocate the money from the share sale to invest in Paraytec, which is developing a Covid-19 test. RMS, Braveheart, Mr Ryan and Mr Brown did not respond to requests for comment.
The chairman of an Aim-listed company and one of its biggest investors sold all their shares for about £16 million a week before a production delay was revealed, wiping out a quarter of its market value.
Remote Monitored Systems warned on Thursday that the antiviral face masks being developed by one of its subsidiaries would not be ready until the new year. Its shares slumped by 25.5 per cent, or ½p, to 2p. Yesterday they were flat at 1¾p.
In the week before the announcement, Paul Ryan, 53, the chairman, sold all 70.7 million of his shares, which were worth £2.1 million.
Braveheart Investment Group, one of RMS’s biggest shareholders, sold its shares last week when they were valued at £14.3 million. Braveheart is run by Trevor Brown, 74, who is executive director of RMS.
RMS was founded in 2013 as Strat Aero, which provided management systems and consultancy services to the aviation market. It was listed on Aim in 2014 and changed its name to RMS in 2018 after shifting its focus towards providing monitoring system. In August, the company said that it had agreed to buy Pharm 2 Farm, a Nottingham Trent University spin-off that is developing an antiviral mask with copper nanoparticles to kill Covid-19.
RMS bought Pharm 2 Farm by issuing 600 million new shares, valued at about 0.4p each, or £2.4 million. It awarded about half to Gareth Cave, 46, the scientist who founded Pharm 2 Farm, with the remainder going to Braveheart.
The share price jumped on November 13 when Mr Cave told investors to watch out for a stock exchange update on the masks. He tweeted: “The UK demand is about 2 million a day, so we’re ‘gonna need a bigger boat’. Lots of things in the pipeline so keep an eye out on the RNS next week.” The shares closed up 2p, or 66.7 per cent, to 5p, in a day.
Braveheart said this week that it had sold all its shares in RMS between November 16 and 18 after it became apparent that there was a “significant demand” in the market “at a valuation significantly above the expectations of the directors” at the time of its sale of Pharm 2 Farm.
It said that it would allocate the money from the share sale to invest in Paraytec, which is developing a Covid-19 test. RMS, Braveheart, Mr Ryan and Mr Brown did not respond to requests for comment.
The Time has Paul Ryan in the business section today!
https://www.thetimes.co.uk/article/boss-sold-shares-before-alert-led-to-fall-c6rvn29c2
This link came up on my mobile version. The Web version of the Times has an "internal error" message!!!
There is an "internal error" with this BoD. TB and PR need to be ousted and outed....PDQ!!
I have not sold a single share either! -ve balance just now, but why sell? The fundamentals of Dr Cave & the product are there for all to see.
The Fundamentals of the BoD? THAT is a wholly different question!
___________
Aba have you still not sold a single share?
balls of steel my man!
I am still holding strong - not bothered going through the BB much as its full of rubbish. Just waiting for some sales RNS to drop confirming 3 months of manufacturing capacity been pre-orders and Volz selling 10million per month +
That will make me a happy man.
@WFH...You write.....
1) That is one of the worst RNS i've ever had ths misfortune of reading. Delays happen but there is, apparently "loads" going on behind the scenes.
100% Agree! Clear as MUD!
2) Some word on Volz contract coming in, maybe bridging the gap, on orders, contracts and future expectations wouldn't have gone amiss even if it was detail light.
100% Agree! VOLZ?? Where? What? When? The BoD were economical with the truth!
3) This tells me more about the board than it does the product.
100% agree!
4) I can't help but wonder when it became apparent there was a delay given we were told manufacturing would likely commence end of November.
100% agree! The BoD must have known and if they did not know then WHAT did they really know?
This is still a strong mid-term hold, but the narrative from the BoD is not strong at all!
Mine was sent 2 weeks ago and I have already had a personalised reply, not a generic one.
I will be following up to this email with today's RNS.
RNS is as vague as the last one! This is not strong management of news at all
@Hewhodares1
I was commenting on someone else's post. It was not me who advised my sister to put all her profits into RMS. I am asked all the time for "advice" and my answer always is, "do your own research, but here are some pointers"
I find that many people want to EAT but few want to HUNT....that is, do their research. Those that DON'T WANT TO I tell them to put money into Government Bonds!
FTSE 100 as its place.....and this is where the 'secure' ££ is......but, the AIM delivers capital growth and my understanding and knowledge of the markets, people, business and BoD's are no different on AIM than they are the FTSE. 2020 is a year to work both markets. Sure, the risk factor is far greater on AIM, but that just requires a bigger backbone, some long-term thinking and good judgement!
However, the other person who did advise his sister, as long as she can hold-on for 2-3 months, she will, I believe, generate a healthy profit.