Member Info for wordog

I did tell you to be 'patent' didn't I, but 2 days in a row is just a bit odd. Should find out how many shares i got on Friday, hopefully got the 1 for 2 i applied for.

Full ask being paid now so should tick up.

Some really chunky buys today, how this is only +3% is beyond me, same yesterday the i was expecting a late sell after the bell to show up, unless some are sells at a price above the bid then it's being held back for some reason.

Just be patent. This will come good the next 2-3 months, should be a very good chance of multi bagging.

I bet this gets pumped again soon

Spread is back up to 17%, I think we will see 25+ before the end of the month. Things can only get better from here and with cash secured and BV Tech at the realm this company is massively under valued at �3mil and carries much less risk than a month ago. I'll wait for my placing shares and hold for a multi bagger.

�s should read as Euros, sorry.

With the final results imminent and the Defenx 2020 strategy yet to be fully articulated I believe the fundamentals will value this significantly above the current Mkt Cap. Aware this is very basic but provides a decent high level view of the current situation and potential of the new BV Tech ownership/leadership FY 2016 Gross Profits �5,847,700 H1 2017 Gross Profits �2,168,554 (we know this plus H2 will be 'materially below' 2016, but the revenue stream will still be in the millions � - �0.53mil on cloud backup alone already announced) Assets Security 5,815,636 Backup 2,381,200 Protection 3,267,092 Other 253,333 Total non-current assets �11,717,261 Trade Receivables �4,386,781 Cash position from 24 April ~�1.5mil So with some revenues, but no profit, plus what trade receivables they can recover, plus cash raised and considering assets over �10mil is this company worth <�3mil? Even if you consider the current manning and integration issues I believe that the BV Tech increased ownership will compel them to utilize their own internal resource to turn Defenx operations around in the short term and bring the new products online in the medium.

Also the spread has been tightening so hopefully will break upwards to a new resistance level around 40 as the charts suggest.

Still plenty of volume today, I think it seems we are experiencing a changing of investors, yesterday saw the profit takers followed by new buyers and today i think we have sellers and new buyers. Could be wrong, probably am, but i think there will be another breakout today or tomorrow. Those 8p placing shares are looking good value, I'm hoping for the 2-1 that i've asked for but i doubt this won't be oversubscribed come the 17th.

I've got a feeling they will announce a partially self funded solution by the end of the month, potentially with one of the big private investors taking a large slice too.

Would be nice to see the spread tighten up a bit and get some sustained growth over the next 2 weeks. Best thing about this placing is that only about �250k of the placing shares can be flipped after the 24 April as BV Tech are locked in until May.

He's trying to save us from the +300% rise from the placing price.

So volatile at the moment

Always will be rampers on a rising share like this, and also derampers looking to get in lower, maybe 9p for example :0)

Yes, the white wash waiver of Rule 9 is for this share purchase only, any subsequent share purchases will require another waiver, otherwise they will be mandated to pay the highest price in the previous 12 months. BV Tech's participation in the Fundraising will increase its aggregate percentage shareholding of the Company's issued share capital to over 30 per cent. of the Company's issued share capital and as such mean BV Tech would be required to make a mandatory offer for the remainder of the Company's issued share capital under Rule 9 of the City Code. Under Note 1 of the Notes on the Dispensations from Rule 9 of the City Code, the Panel may waive the requirement for a general offer to be made in accordance with Rule 9 of the City Code if, inter alia, the shareholders of the company who are independent of the person who would otherwise be required to make an offer, and any person acting in concert with him, pass an ordinary resolution on a poll at a general meeting. Accordingly, the Company proposes that the Independent Shareholders be asked to waive the obligation on BV Tech to make a mandatory offer under Rule 9 of the City Code, which would otherwise arise as a result of BV Tech's participation in the Fundraising. The Panel has agreed, subject to the passing of the Whitewash Resolution by the Independent Shareholders on a poll at the General Meeting, to waive the requirement under Rule 9 of the City Code for BV Tech to make a mandatory offer for the Ordinary Shares not already owned by it or persons connected with it as would otherwise arise on BV Tech's participation in the Fundraising. As a result of the Fundraising, BV Tech will be interested in over 50 per cent. of the voting rights in the Company, and it will therefore be free to increase its aggregate holding of Ordinary Shares (and to acquire further interests in the same) without any obligation to make a general offer for the Company under the provisions of Rule 9 of the City Code.

They bit off more than they could chew, taking on 2 new products (secure cloud storage and encrypted comms) in quick succession without the manpower and skills to integrate. This seems to have resulted in them being overloaded and not able to properly maintain current product line effectively and lost some of their staff. Products and assets are still there and valued at �10mil, this increasing relationship and now ownership with BV Tech allows them to resource Defenx to sort out the maintenance and integration. Hopefully this �1.2mil will be enough to steady the ship and bring it back into profit.

Good luck getting your 9p Smartass

Yes! Thats why i bought more in the open offer at 8p taking my average to 10p from 24 April!

Call your broker and they can advise over the phone, I can't advise you mate. I bought more via the open offer because i think this can bounce to 30-40p in the mid term, but that's only my opinion.