http://www.brainspark.com/
Price 0.25-0.40 pence : 08.11.04
Trades over 60,000 Shares are delayed in reporting by 1 Hour.
Daily Execution Price and Volume


Brainspark Plc is an AIM listed company, focusing on investments in best-of-breed Information & Communication Technology (I&CT) primarily in Europe and Israel.
The core competence of the Company is the vision and the understanding of I&CT, and how these technologies will be key for the creation of break-through applications, combined with an international network of excellence among researchers and entrepreneurs.
The advent of broadband will have a major impact on the way businesses operate providing opportunities for new services and contents
We believe it is a timing issue, rather than a 'will be' issue. Brainspark is positioning its portfolio of investments to be ready to take advantage of the broadband opportunities when they become available.

Shares in issue 192m 1p ORDS
Major shareholders
Major Shareholders.................Amount................% Holding
Cross Atlantic Technology Fund.....33,916,050.............17.64
Company Directors
Francesco Gardin...................31,903,278.............16.59
Alberto Agosta......................2,527,273..............1.314
Edward Burman.........................681,818..............0.355

Brainspark have investments in the following companies:


www.geosimcities.com
Geosim Systems has developed proprietary technology for automation of the production process of 3D models as a product derived from satellite and aerial images. This technology will be applied in standard products for the creation of very high resolution 3D models of towns and other locations, and will be accessible via broadband Internet.
Geosims technological partner is Argotek, owned by the FORMULA Group (NASDAQ-FORTY), one of the major Israeli software companies.
Geosim Systems was founded in Israel five years ago as a satellite company of Tiltan System Engineering Ltd (TSE) by a group of technical experts who had been members of the Israeli Air Force.

From November 2003 to January 2004, Brainspark made a further investment in
Geosim Systems Limited (51.75% owned by Brainspark) of
US$50,000. GeoSim is an Israeli company, whose main business purpose is the
creation of 3D models of cities and other areas of special interest. GeoSim's
management believes its state-of-the-art technological tools allow cost and time
saving in data collection and 3D modeling process. GeoSim realised revenues in 2003 of about US$400,000 (#240,000) mostly in the second half of the year and is expecting to make further progress in 2004, particularly in the USA where the
main focus will be on developing Homeland Security applications and in Italy
where the Company is in discussions with local authorities in a number of
historic cities.

www.theusabilitycompany.com
SOLD 320k


www.metapack.com
MetaPack's mission is to make traditional supply chains more responsive to individual customer needs. We provide zero defect fulfilment that attracts, converts and retains valued customers at the lowest cost to serve. We are helping retailers to: extend range availability in smaller stores reduce the cost and improve the service of online fulfilment implement web-based ordering throughout retail offer the widest range of delivery options revolutionise services in shopping centres MetaPack works for companies such as Boots, British Land, GUS (Reality), M&S, Sky and WHSmith.


www.kerb.co.uk
Kerb, winners of various major industry design awards (including a Design Week Award and the Yell Award for best use of e-commerce), and the Future UK Internet "Web Agency of the Year" award, are a Full Service Digital Agency based in Brighton consisting of 20 people, and have built a reputation for producing high quality, funky, cutting edge Internet sites, CD-Roms, and web-based games for clients. These UK clients include: Pepsi, Electronic Arts, Mathmos, Scottish Telecom, EMI, the Mean Fiddler, Elida Faberge, Flextech and Petspark.com (one of Brainsparks incubated companies). Kerb also have clients in Switzerland, Japan, and Hong Kong.


www.fortune-cookie.com
Fortune Cookie creates award-winning online solutions. From consultation to actual implementation of the chosen route, turning difficult technical propositions into simple and dynamic realities. Fortune Cookie is a global brand with global coverage, and an integral partner of Brainspark and the partner companies.
On 4 December 2003, the Company increased its percentage ownership in
Fortune Cookie (a company which offers strategic thinking, design and build
services in web and wireless technologies) from 25% to 29.44% by capitalising
#48,176.39. This transaction puts Fortune Cookie in a better financial position
to enter into discussions for potential mergers to enlarge its market share and
to participate in a large innovation project overseas.


www.easyart.com
Easyart.com is the UK's largest online retailer of reproduction prints and limited edition art. It offers over 40, 000 fine art and photographic prints, with more being added every day, plus made-to-order picture framing.


www.traderserve.com
TraderServe is an application service provider targeted at professional traders, offering them a flexible, highly sophisticated, yet easy-to-use, modelling system for financial and futures markets.


www.sanvicentegroup.com
The shareholders of the company are prominent financial institutions, corporations and technology entrepreneurs from throughout North America and Europe. The company is led by a board of directors with extensive experience in the venture capital industry.


www.acsys.it
Advanced Computer Systems (ACS) are involved in the design and production of ground stations for the acquisition of data from remote sensing satellites; analysis and processing of digital images; geographic information systems; virtual reality; management of large amounts of information. It is currently preparing the complete digitalisation system of the radio archives and production for RAI (Italian State Broadcaster).

www.smile-on.com
SOLD 220K


www.impression.it
Impression created in February 2000 by a group of Internet experts operating in the ISP sector (Internet Service Provider) provides high added value quantitative and qualitative analysis of accesses to web-sites and detailed online reporting.


www.ludonet.it
Ludonet, founded in 1995, is a leader in the development and management of online entertainment and virtual community solutions.

In September Interims directors highlighted consolidated NAV position of 3.3m and described this valuation as conservative. Directors are paid in options/warrants at 1.1 - 1.31p/share. Given two investments that carried a book value of 22,000 in these results were sold for over 500k, how much is the remainder worth?

192m shares in issue
Mid-Price...........NAV / Market cap equivalent
0.30p................0.58m
0.40p................0.77m
0.50p................0.96m
0.60p................1.15m
0.70p................1.34m
0.80p................1.54m
0.90p................1.73m
1.00p................1.92m
1.10p................2.11m
1.20p................2.30m
1.30p................2.49m
1.40p................2.69m
1.50p................2.88m
1.60p................3.07m
1.70p................3.26m
1.80p................3.45m
1.90p................3.64m
2.00p................3.84m

Bust.

I'd say Boom.

Today :

WINS and KBC were buying, EVO and SCAP were selling....Level 2 opened at 1 v 3 today and closed better at 2 v 2.

I think a large buy order is currently being processed at 0.40 pence - et al the 750,000 buy at 0.40 pence today. A 750,000 shares buy is a large buy in terms of the amount of shares one can buy in Brainspark at one time and at one price.

2 Arguments back up the above :

It is very difficult to buy any sizeable quantity...with Comdirect online one could only buy 50,000 shares online at a price of 0.40 pence..Hence I had to ring up to purchase 250,000 shares at 0.40 pence. The online buy limit has been reduced to 100,000 shares from the usual 250,000 shares over the last few trading days and it was further reduce to just 50,000 shares during lunchtime.

WINS were offering 0.33 pence on the bid....a very big premium to the indicative bid of 0.25 pence....The online sell size was also 375,000 shares.
WINS filled the 750,000 buy at 0.40 pence today.

Very Recent Trading Statement Release :

RNS Number:4270E
Brainspark PLC
25 October 2004


FOR IMMEDIATE RELEASE 25 October 2004

BRAINSPARK PLC ("Brainspark" or the "Company")

UPDATE ON TRADING, INVESTMENTS AND FUNDING

Trading

On 30 September 2004, Brainspark (www.brainspark.com), a company focusing on
investments in best-of-breed Information and Communication Technology (I&CT)
Companies primarily in Europe and in Israel, announced its results for the six
months ended 30 June 2004.

These results show a loss of #561,000 compared to a loss of #1,582,000 for the
comparable period in 2003. Of this loss, #199,000 represents operating costs and
#362,000 is attributable to the amortisation of goodwill and share of loss of
associates (#471,000 represented operating costs, #931,000 for goodwill
amortisation and share of loss of associates and #180,000 was written off
investments for the comparable 2003 period).
The Company is currently operating cautiously, cutting costs and protecting its
current portfolio companies and assisting them to create value.

The cost-cutting measures begun in 2002 - having further reduced the cash
'burn-rate' to an average of #30,000, per month net of recovery of rent and
charges made to portfolio companies for the six month period.

The Company's current strategy is to raise further capital from existing key
shareholders and sell some of the non-strategic portfolio companies - with the
objective of using the proceeds for general working capital purposes and to
support the strategic portfolio companies.

Investee Companies

1. Sale of non-strategic portfolio companies

Brainspark sold its holdings in the following investments as follows:

a) On 24 June 2004, a holding representing 38.3% of the share capital of Smile
On, a company providing e-learning services to UK dental professionals, for a
consideration of #220,000.

b) On 6 October 2004, a holding representing 33.% of the share capital of The
Usability Company, a company providing usability testing and consultancy
services, for a consideration of #360,000. In addition, the disposal gives the
Company the opportunity to have 15,680 options (equal to a 7.8% of the company
on a fully diluted base) with an exercise price of #1.36.36 and terminating
February 15, 2006.

Originally, the investment made in these companies was #1.2 million and the two
holdings had a total consolidated net book value at 30 June 2004 of #22,000.
The profit against the book value is #558,000.

2. Capital increases

a) From April to date, Brainspark made further investments of US$200,000 in
Geosim Systems Limited (www.GeosimCities.com), a company 51.75% owned by
Brainspark, Of these investments, US$50,000 is relating to the agreement signed
in June last year for a total available investment of US$600,000. Of this
amount, Geosim used only US$225,000 and US$150,000 relating to the new agreement
of available investment of US$600,000 signed on 1 July 2004. This agreement was
established to renew the financial support to Geosim in order to finance its
sales activity in USA and in Europe. This new investment will result in the
increase of the holding to 52.76%. GeoSim is an Israeli company, whose main
business purpose is the creation of 3D models of cities and other areas of
special interest. GeoSim has now a backlog order of more than US$1 million
(#550,000) arising mainly from three projects - the city of Lucca, an historical
town in Tuscany (Italy), an extension to complete the original project of
Philadelphia (USA) and the Pennsylvania University campus (USA). There are other
potential orders in its pipeline - one of them to be closed soon.

b) In September 2004 Brainspark agreed to a capital increase in Metapack (
www.metapack.co.uk), a software and services company, which specialises in the
retail supply chain, retaining its percentage holding unchanged (5.89%). This
investment is made by using the income from the license of the rented space in
the Company's building for two and a half months.

3. Agreement

On 7 September 2004, a memorandum of understanding was drawn up between ACS, a
company of which Brainspark owns 16.2 per cent and with twenty years' experience
in the sector of satellite imaging and, more recently, medical imaging analysis
and AISoftw@re, a company whose shares are listed on the Milan Stock Exchange
and a leader in the Italian market in medical image management, to prepare a
joint international industrial development plan. For some time both parties have
been looking into the idea of a joint international business project in the
sector of innovative IT technologies for real-time examination of images for the
market of health diagnosis equipment and equipment for laser surgery operations.
Subject to a positive outcome of the industrial plan, which will be prepared,
the intended direction of AISoftw@re's Board is to propose a corporate
aggregation to the Board of ACS.

Funding

On 8 October 2004, Brainspark repaid #50,000 of the convertible loan notes
allotted.

Further information

Alberto Agosta 020 7843 9838
Roland Cornish 020 7628 3396



This information is provided by RNS
The company news service from the London Stock Exchange

END

Thanks to Dusseldorf from ADVFN - 8 Nov'04 - 21:25 - 272 of 273

The company did enlist the services of an Italian firm to raise cash off the back of convertible loan notes at 1p. The share ORD is also 1p so they cannot issue shares below 1p unless they have a consolidation first, though given the directors are currently paid in options/warrants at between 1.1 - 1.3p this seems unlikey (a shot in the foot). besides i can't see the company issuing shares 70% below its NAV....given

....so, by your comment I'm guessing you to believe the price to be artificially held for one reason or another..

I still have faith that cash is sufficient to see through to recovery, and the options below (written with Hoodless as financial adviser still stand true:
On 29 December 2003, the Board agreed to issue up to #500,000 convertible loan
notes. An allotment of #50,000 Notes had been issued at 31 December 2003.

The Company's current strategy is to raise further capital from existing key
shareholders, and sell some of the non-strategic portfolio companies, with the
objective of using the proceeds for general working capital purposes and to
support the most promising of the portfolio companies.

Hi Sue. what is the price you reckon BSP can achieve in the short term and how soon it can get there? thanks xm

Hi Xmortal, I'm still carrying out more research into these, but the below post again is from a very respectable poster called Dusseldorf on ADVFN which should help :

I've been here over 1 year, so a few days makes no odds. I believe fair value to be in excess of 1p given change in sentiment, but as ever, the market doesn't agree with me....yet

Online spread tells a different story 0.33bid - 0.38ask ( recovering the recent 12% and 7% falls will equate to a 35% rise when the time comes.

Given the price has been held here (3m buys and 500k sells and price has fallen 20%) makes me believe there is a very large order being filled (sub 0.4p).

Wouldn't suprise me to see the recent trading update attract speculative fund attention, so we could be in for a very good rise..anyway, we have only a few people here which is good, but I can see the neighbourhood going downhill when the rise occurs....pump and dumpers arriving or not 1p is a fair target in my mind....and that would still be 40% below NAV.

PS. Net Asset Value is 2.05 pence.

Ta very much SH.

Up 46.15% today at 0.40-0.55 pence. Some more large buys referred to yesterday got filled today ie. 2*400,000 buys at 0.50 pence first thing this morning. Yes only 2 grand worth, but these are large buys in terms of what one is allowed to buy normally which is normally set at 50,000-250,000 shares. A large buy is still being worked through by WINS in the background at a price of 0.50 pence hence the online limits for most of today were :

One could sell 1 million shares a premium on the bid at 0.45 pence
One could only buy 50,000 shares at 0.55 pence.

Source : Comdirect.

The fact that they have had to 'manufacture' the price is down to the mm's not actually having any stock at these levels - at least not sufficient to fill large orders.

Comdirect Online limits :

Can sell 500,000 shares at 0.40 pence
Can buy 750,000 shares at 0.47 pence

I wonder if the online buy limit is a smokescreen, as the MMs have tried every other eventuality to fill the buy order at 0.50 pence.

1. They have picked up 1.80 million shares at 0.45 pence
2. They offerred 0.45 pence on the bid
3. They reversed Level 2 deliberately as if they were reading this thread on Tuesday

The MMs cannot raise the price until the buy order gets filled at 0.50 pence. They tried offering 0.45 pence on the bid and they got quite a bit of stock back, but it seems they still need more. They can't offer more than 0.45 pence on the bid as the MMs have to make their profit as well, so trying to get stock the other way by this deliberate shake.

No it means they are willing to sell more than they are willing to buy.

This was in Investors Chronicle on 22nd October 2004....
22 October 2004

BRAINSPARK (BSP)
Brainspark joined Aim at the top of the internet boom in March 2000 and was taken over by an Italian company in late 2002. This seems to have steadied the ship and Brainspark managed to get out of a London lease costing 28 per sq ft and running until March 2015. The terms were a forfeited deposit and a payment to the landlord of 333,000. There also seems to be renewed life in its remaining investments, including interactive agency Fortune Cookie and EasyArt, which sells art over the internet. The best investment bet may be Israel-based 3D city modeller GeoSim, which could be heading for Aim.



--------------------------------------------------------------------------------
Ord price: 0.35p Market value: 672,956
Touch: 0.25-0.45p 12-month High: 1.25p Low: 0.27p
Dividend yield: nil PE ratio: na
NET ASSET VALUE 2P

The following article from Shares mag shortly after last
Christmas was interesting at the time. Not much
actual news since then so maybe (DYOR) soon...


Quote:
--------------------------------------------------------------------------------

Brainspark tries to keep home fires burning

The market seems to have forgotten technology investor Brainspark, so what are its chances of raising new funds to help float two of its investments? By Polly Fergusson

Early-stage technology investor Brainspark (AIM:BSP) is looking to raise 500,000 from Italian investors to fund its business growth and the potential float of two of its investments later this year.

The funds will be raised by issuing convertible notes and so far, 10% of the notes have been taken up. But management has not ruled out pouring more private money into the business after the fundraising, including a contribution from chairman Francesco Gardin.

Penny stock Brainspark has equity stakes in 12 early-stage tech companies, and has said it is looking to reduce its investments in Geosim and ACS, two of its holdings, later this year.

They should be going public by the end of the year. We will be diluting our position by selling some equity, but we will still maintain a stake in the companies, says Gardin, adding that he is looking to exit investments in three to four non-core companies. We try to invest in companies that will go public within 18 months. If they cant, then we want companies that are attractive takeover targets, he explains.

However many Brainspark investments fit neither of these categories. A suspicion of unprofitable and unproven tech stocks and ideas has worked against Brainspark, which is languishing at just 1.13p and a market capitalisation of 2.1 million a far cry from the heady days in 2000 when it traded at 132p. New management is trying to restructure the company, get rid of the legacy dead wood investments, rebalance the balance sheet and build value.

A shudder runs through me when you mention that company!, says a source at Evolution Beeson Gregory (AIM:EVBG), Brainsparks housebroker. EVBG recently lost its role as advisor to the company. We couldnt sell the stock. No-one wants to know, he says.

He backtracks quickly, remembering his firm is still broker to Brainspark, and adds: But since its restructuring it is a completely different business, with very good new management.

Brainspark is changing. Cost-cutting measures put in place in 2002 have reduced the cashburn rate from 97,000 a month two years ago to around 30,000 a month now. More money has been saved as it has finally got out of a crippling property deal, and directors have waived pay packages, receiving options instead. The company is virtually debt-free and management has more funds at its disposal.

This latest fundraising should allow Gardin to start building shareholder value again. We werent going to issue more shares that would have been devastating for shareholders and we dont want to dilute the share value.

The two potential floats are said to be worth around $16 million. He estimates Geosim, an Israeli tech company that can create 3D models of cities and buildings, is worth $8 million to $9 million, and Brainspark has a 52% stake. ACS is involved in aerospace satellite data collection and is a similar size. Brainspark has a 16% stake.

Investments totalled 3.39 million last June, down from 4.2 million in 2002, in line with the weak tech sector.

For now Brainspark looks set to survive for a while yet. It has no debt, and with the IPO markets expected to pick up this year (see page 19) the future looks slightly brighter. If it can float the businesses some value will be unlocked, but it is some way off yet.

As a tiny share, it will be derided by many investors...

----Friday's drop on no sells and MMs paying a premium still of 0.05 pence on the bid and online sell size of 500,000 shares for the last 2 weeks suggest to me that news should be coming soon.

The two potential floats are said to be worth around $16 million. He estimates Geosim, an Israeli tech company that can create 3D models of cities and buildings, is worth $8 million to $9 million, and Brainspark has a 52% stake. ACS is involved in aerospace satellite data collection and is a similar size. Brainspark has a 16% stake.

The above bit caught my eye - that news should be coming soon now.

Bought 250,000 shares at 0.43 pence + 78,422 shares at 0.43 pence this morning

Have been building my position nicely over the last couple of weeks at this level.

By a Poster called Dusseldorf on ADVFN :

I'm 95% certain something is happening...and its most likely because 1 or all of the following
a) large scale stock accumulation by a new party
b) something to do with Geosimcities - possible floatation
c) The full year results are on target for loss 180,000 (or a profit if further disposals are announced) vs loss 2.9m last time around

Interesting....even though they have been no buys...MMs keeping a lid on the online buy limit and have reduced it further since yesterday.

Can buy 100,000 shares online at 0.45 pence
Can sell 500,000 shares online at a premium on the bid at 0.35 pence.

Source : Comdirect.

Maybe still possible to buy more than 100,000 shares at this price...but one would have to ring their broker up.

The two potential floats are said to be worth around $16 million. He estimates Geosim, an Israeli tech company that can create 3D models of cities and buildings, is worth $8 million to $9 million, and Brainspark has a 52% stake. ACS is involved in aerospace satellite data collection and is a similar size. Brainspark has a 16% stake.

----Looking at roughly a 2 million pounds stake in Geosim and 0.75 million pounds in ACS.

= 2.75 million pounds for Brainspark + current mkp cap of 0.77 million = around 3.50 million = share price of around 1.80-1.85 pence.

A poster called Dusseldorf on ADVFN who has also been buying at these levels and has followed the company for the last few years. He has confirmed that my calculations are right : but has told me to bear the below in mind :

Assuming no further dilution, though would have to recalculate if they issued some more convertible loans.

He has fair target price of 1 pence in the short term.

A further post from Dusseldorf after answering my post on the calculations :

"It's just a question of time, then everybody who was looking will wonder why they didn't buy sub 1p. We can't control the price, though am happy to wait for my profit".

The Shares mention was actually on the week of 22-28 January 2004 :

:



Francesco Gardin is Brainspark's chairman of the board. Born in Rovigo, Italy on 2nd December 1954, he graduated in Theoretical Physics at Padova University in 1979, before undertaking a UK Government research project at Exeter University (UK) from 1980 to 1982. In 1983 he was employed by the Italian National Research Council and from 1984 to 1985 he worked at the European Union Research Centre in Ispra, Italy as Co-ordinator of the Artificial Intelligence Laboratory. Since 1984, he has been Associate Professor at Udine, Milano and Siena University lecturing in Artificial Intelligence, Man-Machine Interaction and related topics. His academic writing include more than 50 individual and joint publications. In 1983, Francesco Gardin founded AISofwt@re to develop and distribute artificial intelligence systems within Italy. Since then he has been responsible for the technical and commercial direction of the Company, as well as acting as Chief Financial Officer for issues of financial management. His close connections with Italys scientific community and leading academic establishments have been the key to the development of the business. He has been a member of various scientific committees and working groups and throughout his career he has been responsible for introducing various leading edge technologies to the commercial world (e.g. in 1995 he organized the first conference on the Internet for the Italian banking community and in 1996 the first Italian conference on e-commerce held at the Italian Stock Exchange), co-designed in 1995 of the 3D Desk, one of the first 3D visualization devices worldwide. Francesco Gardin is now CEO and Chairman of AISoftw@re which went public on NASDAQ Europe in 1999 and Milano Stock Exchange in 2000. The company currently employees 460 people and has revenues for 2001 in excess of 26 millions euros.



Alberto Agosta is Brainspark`s chief executive Officer.He graduated from the University of Milan with a degree in economics in 1969. From 1969 to 1991, he was employed by IBM Italia S.p.A. He served as division manager of IBM Europe from 1974 to 1976. From 1977 to 1991, he held various managerial positions in Italy, such as strategic manager of IBM Semea (IBM Italia) from 1989 to 1991, with responsibility for investments in software companies in the Italian marketplace. After leaving IBM, he held various senior executives positions in several Italian information technology companies. During 1998 and 1999, he acted as a consultant to AISoftw@re in the area of planning and implementation of the acquisition program, becoming Board Member in 1999 and Vice Chairman of the Company on March 2000.



Don Caldwell is Brainspark`s non-executive board member. He is chairman and chief executive officer of Cross Atlantic Capital Partners (XACP), and Senior managing director of both Cross Atlantic Technology Fund (XATF) and The Co-Investment 2000 Fund (CI 2000). Prior to the formation of XACP in March 1999, he was president and chief operating officer of Safeguard Scientifics, Inc. (NYSE: SFE). Additionally, he served as chairman of Safeguard`s Investment Committee and led the formation of both SCP Private Equity Partners (a $265 million late stage venture investment fund) and Pennsylvania Early Stage Partners (a $50 million seed and early stage fund). Prior to joining Safeguard, Don held a number of executive and financial positions, including chief administrative officer of a predecessor company of Cambridge Technology Partners, Inc. (NASDAQ: CATP), a provider of information technology consulting and software development; and partner in the national office of Arthur Young & Co., a predecessor to Ernst & Young, LLP. Don serves on several boards of publicly and privately held companies and civic organizations, including Diamond Technology Partners Inc., Quaker Chemical Corporation, Pennsylvania Academy of the Fine Arts (Chairman), World Affairs Council (Chairman), Philadelphia Orchestra Association, and the Committee for Economic Development. He is a CPA in the State of New York and holds a Bachelor of Science degree from Babson College and an MBA from the Graduate School of Business at Harvard University.



David Meacher is Brainspark's non-executive board member. He has over fifteen years of experience in international investment banking and strategic consultancy. He is a partner of City Capital Corporation Limited, a UK based boutique investment bank which focuses on corporate finance and capital markets for mid-sized UK and continental European corporates. He also acts as a non-executive board member of StockAcademy, one of the investee companies of Infusion, the investment vehicle and 100% subsidiary of AISoftw@re. David began his career at The LEK Partnership, a UK strategic consultancy firm where he acted for a number of FTSE100 UK corporates. He then joined Bankers Trust International where he worked in the areas of mergers and acquisitions and equity capital markets gaining experience in both Western and Eastern Europen markets. He moved to Robert Fleming to focus on European equity capital markets and led numerous offerings covering a range of sectors including technology and telecommunications. In 1999, David led the Initial Public Offering of AIsoftw@re, the parent company of Brainspark. Prior to starting up City Capital, he worked at Schroder Salomon Smith Barney where he was responsible for the telecoms equity capital markets business in Europe. In 2000, this business assisted its clients raise an aggregate of almost US$35 billion. David graduated with an M.A. in Mathematics from Fitzwilliam College, Cambridge University. He was born in Aylesbury, England in 1963 and lives in London.



Edward Burman is Brainspark's non-executive board member. He is a Senior Partner of Ambrosetti, a leading native Italian consulting company, which he joined in March 2000 to run the E-Strategy practice; since April 2003 he is responsible for Ambrosetti services in China. He is a regular keynote speaker (in both English and Italian). He also sits on the board of Ambrosetti Stern Stewart Italia, which offers Stern Stewart services under license in Italy.

Edward lived and worked in Iran for five years, and later in Italy for twenty years. He has worked as a consultant and speaker for European telecommunications companies. As a visiting lecturer, he taught a course on Doing Business in Europe at the Canterbury Business School of the University of Kent, from 1994 to 2000, and now teaches an annual course on E-Business in the Faculty of Economics of the University of Bologna. Recent topics for corporate presentations have included: telecommunication scenarios, marketing mobile services, knowledge management, cross-cultural management, and business scenarios for Internet.

He is the author of eleven books on European historical and cultural issues, and numerous specialized articles. In 2002 he published a study of Internet, regional growth and productivity in Tuscany (Dossier Internet 2002: Net Economy in Toscana, Firenze: Edizioni Polistampa, 2002). His most recent book offers an interpretation of the Internet phenomenon based on a reading of Thomas Kuhns theory of scientific revolutions: it appeared in Italy as Internet nuovo Leviatano: verso un nuovo paradigma di pensiero e di business in September 2002 (Milan, Etas libri), and in the UK/USA as Shift: The Unfolding Internet, Hype, Hope and History in March 2003 (Chichester, John Wiley).

Blatant drop on the bid on a 43,860 sell at 0.30 pence, no delayed sell will be coming, I can say that already. Another positive signal that positive news re : the flotations is coming soon.

Comdirect :

Can buy 100,000 shares at 0.45 pence
Can sell 500,000 shares at 0.30 pence.

Further proof : online buy limit (comdirect) has just been reduced to just 50,000 shares from 100,000 shares even though they have been no buys today.

2 * 50,000 buys have come through at 0.45 pence since....that's all one can buy online. The MMs do not have any stock to sell at this level.

Further :

Blatant shake on the indicative bid - MMs looking for cheap stock before news comes.

Comdirect :

Can buy 50,000 shares at 0.45 pence
Can sell 500,000 shares at 0.35 pence, 0.10 pence premium on the indicative bid.

As I stated an hour ago that no delayed sell will be coming....no delayed sell has come through. The drop manufactured again but the online prices the same.

Comdirect Online Limits closed at :

Can buy 75,000 shares online at 0.45 pence
Can sell 500,000 shares online at 0.31 pence.

Today :

The MMs have manipulated the price at these levels for the last couple of weeks now even though they have no stock to sell at these prices. Today's was a classic on the indicative bid price. Though through their actions they have made themselves too obvious that news on the flotations of ACS and Geosim is just round the corner which should lead to a substantial rise in the share price...atleast 300% or even 500% given the equity value BSP has in them (calculations posted yesterday).

Sue - LOL!

As there was no mention of any floats in the September results, or the October trading statement, I really can't see any chance of you getting any significant news within your usual pump'n'dump timescales...

Hope that helps.

Rgds
dell

dell314 seems unhappy as he can't buy a decent quantity. Or is he stalking me on this thread now as well....

By a fellow holder called Dusseldorf on ADVFN :

The price is being held artificially. I still go with the theory that a large buy order is being filled, and until it is, nobody else will be allowed to buy in quantity.

Time will tell, though I'm still happy on the inside looking out.

----Website has been offline today at regular intervals throughout the day...maybe a hint that news on the flotations of ACS and Geosim are imminent. The news on the floations should be coming anytime now as it is.

PMSL!!

Sue - Are you on medication, or do you just live in a fantasy world??

Which bit of my post 28 don't you understand??

dell314 - 24 Nov'04 - 21:12 - 28 of 30 edit

Sue - LOL!

As there was no mention of any floats in the September results, or the October trading statement, I really can't see any chance of you getting any significant news within your usual pump'n'dump timescales...

Hope that helps.



Funnily enough, I don't think an intermittant website is usually taken as a sign of positive news. Incidentally, if they were updating the site, presumably one would notice that the content would be different when it reappeared. Sorry, if I'm stating the obvious here..

Rgds
dell

Dell do you ever invest

0.30-0.45 pence, up on the bid today. Couple of 100,000 buys have come through at 0.45 pence.

MMs still gunning for shares :

Comdirect.

Can buy 75,000 shares online at 0.43 pence
Can sell 500,000 shares at 0.36 pence.

Another 100,000 buy came through at 0.43 pence after close. 3 * 100,000 buys came through today....not much really but in BSP's case...indicates that activity is picking up and if allowed to folk would buy more.

Double Bottom formed bang on 0.35 pence (mid-price).

ramp , ramp , ramp .... dyor .... ramp , ramp , ramp .... pile of crap

At Close.

MMs still gunning for shares :

Comdirect.

Can buy 75,000 shares online at 0.43 pence
Can sell 500,000 shares online at 0.36 pence.

We'll know why soon.....

Its as if the MMs are in the know that the price will be significantly higher soon whatever reason.

Comdirect online limits and prices closed at :

Can buy 75,000 shares online at 0.43 pence
Can sell 500,000 shares at 0.31 pence.

Another well known fact....MMs will charge 0.50 pence on the ask to anyone looking to buy more than 250,000 shares.

MMs picked up some in the shake today on the indicative bid :

375K sell at 0.25 pence - someone needs to change their broker.

500K at 0.35 - no idea what that is.

MMs picked up 900K in sells today....but still not letting anyone buy any online.....keeping tabs on the buying says it all that they expect the share price significantly higher soon.

SueHelen - 22 Nov'04 - 11:30 - 16 of 39

Bought 250,000 shares at 0.43 pence + 78,422 shares at 0.43 pence this morning

Have been building my position nicely over the last couple of weeks at this level.


Sue - Any idea whose sell this is?

01/12/04 14:33 0.36 328,442 O 0.3 0.45 Sell

Does that mean you didn't believe that ACS and Geosim were floating before Christmas, after all.
Tut, tut!
I hope no-one believed you were telling the truth..

Oh well.
250 down on that one.
Can't win them all, eh?

What's the next ramp??

Rgds
dell

This is tremendous news.

If this deal goes through, the company will have cash equivalent to over twice the current market cap, plus the remaining stake in Geo which should be valued at the same amount minus a reasonable discount to NAV.

Combined with the previous deals this works out to a potential value of 4.5p/share.

mjr1234 the news is very good and it does make the present price very undervalued. If you work it our the Firm is willing to pay over 6 million US$ for half of BSP's stake, so it would make BSP's present 50.1% stake be worth over 12 million US$, and its on their books for very much under this. Got myself in today and would expect news in 1 or 2 weeks.

RNS Number:0028Q
Brainspark PLC
11 August 2005

FOR IMMEDIATE RELEASE 11 August 2005

BRAINSPARK PLC
("Brainspark" or the "Company")
Potential financing and sale of the Company's investment in Geosim Systems Ltd
("Geosim")

The Company announces that, together with Geosim and the other shareholders in
Geosim, it has entered into heads of terms with a US private equity firm, (the
"Firm") (the "Geosim Agreement").

The Company holds a 50.1 per cent. stake in Geosim, which is shown at a value of
1,375,000 in the Company's accounts as at 31 December 2004 after a three years'
goodwill amortisation from an historic valuation of approximately 3,393,000.

The Geosim Agreement provides that the Firm will be retained to work with Geosim
over a 12 month period starting on 9 August 2005 (the "Exclusive Period"). The
Firm's remuneration is geared to its success in finding persons wishing to
invest in Geosim or license Geosim's products.

On signature of formal documentation, the Firm has agreed to pay Geosim
US$240,000 in respect of the first three calendar months of the Exclusive Period
(the "Pre-Payment"). The Firm has further agreed to pay Geosim an additional
US$80,000 for each of the next six months, for a total of US$720,000, including
the Pre-Payment (the "Exclusivity Payment").

In addition, exclusivity on videogames applications will be granted to a new
company, a third of whose equity will be owned by the Firm, subject to the Firm
bringing material business within one year after the end of the Exclusive
Period.

The Exclusivity Payment will be converted into equity at a valuation to be
agreed, to be not less than US$10,000,000.

Subject to a number of conditions and formal documentation the Company has
granted the Firm the right to acquire 50 per cent of the Company's stake in
Geosim for $6,262,500.

There can be no assurance that the Firm will exercise its right to purchase 50
per cent. of the Company's stake in Geosim and a further announcement will be
made in due course.

ENDS

Further information

Francesco Gardin, Brainspark PLC 0039 0228 0141
Roland Cornish, Beaumont Cornish Limited 020 7628 3396

Moving the offer up now, must be time for my 400K buy to come through soon then and now of course it will look like a sell ;)

One to watch tomorrow as interims are due tomorrow and there could be news on the big Geosim deal so will be watching closely.

Interms were very guarded, as the most exiciting events happened after June 30th (and the interims only cover period to June 30th) nothing was said of August heads of terms Geosim payments or quite a few other things, so it remains one to watch for any explosive RNS about recent events and deals that are being dealt with at the moment.

We should get news on ACS end of this month or early November (from the 9th August RNS) and even that will be good news, the big one on Geosim is still there and waiting for news (from the 11th August RNS)

Brainspark PLC
09 August 2005
FOR IMMEDIATE RELEASE
9 August 2005
BRAINSPARK PLC
('Brainspark' or the 'Company')
Grant of call option over the Company's shares in Infusion 2002 Limited

Further to the announcement on 3 August 2005, the Company announces that it has agreed pursuant to an agreement signed today ('the Call Option Agreement') to
grant a call option (the 'Option') to AISoftware SpA ('AISoftware') over the
entire issued share capital of its wholly owned subsidiary, Infusion 2002
Limited ('Infusion').

Infusion holds a 16.2 per cent. investment in Advanced Computer Systems SpA
('ACS'), an Italian based software company, which is held at a book value of
1.43 million. The exercise price of the Option is 1.43 million.

The Call Option Agreement is subject to a number of conditions including a
condition that, by 31 October 2005, Infusion will have no assets or liabilities
other than its investment in ACS. Infusion will transfer its other assets to
other members of the Company's group. The Company will provide an indemnity
against any liabilities of Infusion.

Pursuant to the Option, the Company will receive an initial non-refundable
payment of 300,000 (the 'Initial Payment') which will be satisfied by the
release by AISoftware and its group companies of all debts owed directly or
indirectly by the Company and Infusion.

A further payment of 1,130,000 (the 'Second Payment') is payable on exercise of
the Option to be satisfied, subject to the consent of AISoftware's shareholders
and appropriate provisions of the Italian Civil Code, by the issue of new
ordinary shares in AISoftware.

AISoftware is listed on the Nuovo Mercato of the Milan Stock Exchange. The Nuovo
Mercato in Milan has broadly similar status to AIM in London.

The Company may terminate the Option at any time prior to 31 July 2006 (when the
Option would otherwise expire) provided it repays the Initial Payment, together
with a further payment of 50,000. The Company has provided certain limited
warranties to AISoftware.

As Francesco Gardin is a director of the Company and AISoftware, the grant of
the Option to AISoftware by the Company is to be treated as a related party
transaction. The independent directors, having consulted the Company's nominated
adviser, consider that the grant of the Option to AISoftware by the Company is
fair and reasonable so far as shareholders are concerned.

The independent directors believe that the Option enables the Company to
discharge its entire indebtedness to AIS amounting to 300,000, as well as
providing the potential for a more liquid investment or cash should the Option
be exercised by AISoftware.

ENDS

If news on the Option is good and followed by good news on Geosim this will be due a major re-rating.

Bottom looks to have been hit now (and a bottom on no news, nothing changed) and BSP moving up strongly again.

This was trading at 1.2/1.3 and moved down for no reason at all, the story is the same and big potential with the Geosim agreement.

Fairly flying up now, whats happening, ACS deal done ?

Top % Gainers

1	AFG	African Gold Plc Ord 10p	42.5	38.0	844.44
2	PCR	Procarbon Ord Npv	2.125	0.5	30.77
3	BSP	Brainspark Ord 0.01p	0.775	0.15	24.0
4	PMK	Plus Mkts. Ord 5p	17.25	2.5	16.95
5	URL	Union Ord Npv	3.5	0.5	16.67
6	EDR	Egdon Resources Ord 1p	76.5	9.5	14.18
7	RAF	Real Affinity Ord 0.1p	0.325	0.04	14.04
8	LRM	Lombard Risk Ord 0.5p	9.25	1.125	13.85
9	GTL	Gtl Resources Ord 1p	1.5	0.175	13.21
10	MXC	Matrix Comms. Ord 10p	140.0	15.5	12.45
11	ISS	Isis Res Ord 0.1p	3.875	0.375	10.71
12	MKD	Marakand Ord 1p	15.25	1.25	8.93
13	IBG	Internet Bus. Ord 1p	18.75	1.5	8.7
14	STCM	Steppe Cement Ord Usd0.01	58.0	4.5	8.41
15	ALT	Applied.opt.t. Ord 5p	41.5	3.0	7.79
16	BVC	Batm Advanced Ord Ils0.01	24.75	1.75	7.61
17	CBX	Cubus Lux Ord 1p	14.5	1.0	7.41
18	CPNR	Carpathian Ord Npv	3.875	0.25	6.9
19	DGO	Dragon Oil Ord Eur0.10	152.25	9.75	6.84
20	AP.	Alltracel Ph. Ord Eur0.0125	12.5	0.75	6.38

Just saw your post on the board, glad I got 500,000 @0.003 a few months ago, I tucked em away and waited.

Always thought these looked good and I like the look of the geosim deal

.

wow 64%

Percentage Gainers

			EPIC	Name	Price	Change(%)
	1	(1)	BSP	Brainspark	1.025	63
	2	(2)	PCR	Procarbon	2.125	30
	3	(3)	PMK	Plus Mkts.	17.0	14
	4	(4)	EDR	Egdon Resources	76.5	13
	5	(5)	RAF	Real Affinity	0.325	13	A
	6	(6)	LRM	Lombard Risk	9.25	13
	7	(7)	GTL	GTL Resources	1.5	12
	8	(8)	MXC	Matrix Comms.	140.0	11
	9	(9)	ISS	Isis RES	3.875	10
	10	(10)	BVC	Batm Advanced	25.25	9
	11	(11)	IBG	Internet Bus.	19.0	9
	12	(12)	MKD	Marakand	15.25	8
	13	(13)	STCM	Steppe Cement	58.0	7
	14	(14)	ALT	Applied.Opt.T.	41.5	7
	15	(15)	CPNR	Carpathian	3.875	6
	16	(16)	CBX	Cubus LUX	14.5	6
	17	(17)	DGO	Dragon OIL	151.25	5
	18	(18)	HCEG	Healthcare Ent.	63.0	5
	19	(19)	AP.	Alltracel Ph.	12.5	5
	20	(20)	NCC	NCC GRP	216.0	5	A

News on the ACS deal is what is needed to firm this rise up if this is what its from, it removes 300K debt and gives Brainspark an extra c. 1.1 million cash (or shares) next year, and that news should be coming soon (with the Oct 31st deadline for asset transfer)

Fortune Cookie is doing very well as are other companies in the BSP portfolio, and that is all with Geosim sitting there waiting to happen.

Relax and accumulate, its worth a lot more than the present price in the long term, and in the long term I am looking for 4p to 5p with the Geosim deal going ahead.

alot reckon this will hit 2p really easily... emm I doubt it

2p will come, but in time. If the Geosim deal goes ahead then it will hit 4p to 5p, and its just an MOU and an if at the moment, that is why the price is where it is, but the potential is there.

The ACS deal of which part one should go into effect before 31st Oct and the full deal by July 06 writes off 300K of debt and gives BSP an additional 1.1 million in cash. The cash burn rate will now be greatly reduced at the rental agreement is terminated. The portfolio companies are doing well. ACS deal going ahead should firm this up and it should trade in the 1p to 1.5p range, and then it is just waiting for news updates on Geosim and "the Firm" and the agreement/offer.

Basically a very interesting stock, a good buy and hold and add type stock for the long term rewards on offer for long term holders, not a trading stock.

The trouble is calling the dips right to add more, as you can see, when it moves it moves quick, so in some respects if you are adding just add as and when you feel like it.

I hold about 500,000 of these bought a number of months ago @ 0.003, why the increase today, there has been no RNS, I have to admit it is a small part of my portfolio but was very pleased at the rise today, I nearly sold last time @ 1.4p

News is due on the ACS deal it is thought, as the 31st of Oct was a key marker for initial transfer of assets and initial payment of 300K. Deal would then go through with final payment of 1.1 million any time before July 2006.

So its thought we should get the initial confirmation on ACS very soon, but of course everyone is waiting for an update on the mega bucks Geosim one as well.

Papelpower

Was there a reason why it moved up today though

No, it can only be two reasons though.

1 is a technical bottom on the charts.
2 is leaked info on the ACS deal first phase being complete and news coming soon.

Or a combination of 1 and 2

Its like I have seen on HML today, suddenly lots of buys, this never happens on HML so I take it that info has been leaked and news is due very soon on there.

If there is no reason for a 40% rise then the company should clarify this in the morning with a no reason for rise RNS.

There is the reason

Update


RNS Number:2162T
Brainspark PLC
26 October 2005



FOR IMMEDIATE RELEASE 26 OCTOBER 2005

BRAINSPARK PLC

Brainspark notes the recent rise in its share price on AIM and confirms that it
understands that the heads of terms announced on 11 August 2005 regarding Geosim
Systems Ltd, in which it currently holds 50.1 per cent. of the equity, are
expected shortly to be converted in to full legal documentation. As and when
this is signed a further announcement will be made and Brainspark will be in a
position to disclose the name of the US private equity firm involved.

ENDS

Further information

Francesco Gardin, Brainspark PLC 0039 0228 0141
Roland Cornish, Beaumont Cornish Limited 020 7628 3396

Well my understanding is that Geosim is the big one, this should fly tomorrow, unless I am missing something obvious.

LOOK AT THE RNS!!

THIS IS GOING TO ROCKET TOMORROW!!

I would be very interested in thoughts on SP tomorrow, medium term and long term.

I am correct in saying Geosim is the big deal, I have read the RNS on 11 August and it is not as clear as it could be however it would seem for BSP this is a huge deal and very profitable

5p minium... yESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

I have looked at some posts on the other board and the following would seem to have been assumed, I would be interested in your comments.

It would seem then that we have a market cap of approx 10M which equates to 5.2p per share and that is before we look at benefits from the NEWCO or the existing assets of BSP.

That being the case the SP is going to rocket tomorrow I only have .25% of the company but I will be happy with that having bought in some months ago.

I have a question though why if the company potentially is worth 10M + has the SP not been trading higher to reflect some of this value, or it it simply because the deal may not have been signed.

Great news and doing some back of the fag packet calculations

Shares in Issue = 192 million

Loan Stock Conversion = May or may not happen as from the earlier RNS

LOAN STOCK

The Company's Chairman, Professor Francesco Gardin, Mr. Villa, Luigi Fogliani (a relative of Professor Gardin's wife) and certain others not connected with any of them (the 'Investors') have agreed to invest up to 305,000 in interest free convertible loan stock due 2006 (the 'Loan Stock'). The Loan Stock is
convertible at the option of the holder or the Company at the mean mid market
price for the ordinary shares of one penny each for the business days between 24 June 2005 (the date upon which the Investors first expressed interest in
investing) and 15 August 2005 (being a date sufficiently in the future to allow
the market to digest this announcement. If not converted by either holder or the Company, the Loan Stock will be repaid by the Company on 31 March 2006. To the extent that Investors have not already done so, funds will be provided to the Company by 15 August 2005.

The funds raised by the issue of the Loan Stock will be used to meet the ongoing working capital requirements of the Company and its investees.


So

Shares in Issue = 192 million

Potential but not confirmed with any conversion = 235.5 million


Present NAV around 3.2 million with ACS deal included and taking in that the Geosim deal is worth around 10 million in assets (cash (over 6 million US$) + equity from EP (over 10 million US$) + original holding less 50% + value increase then

13 million NAV divided by 192 million = 6.77p per share
13 million NAV divided by 235.5 million = 5.5p per share

This is discounted as well as the other companies in the BSP portfolio are worth much more than the present book value and this also excludes the conversion of EP into equity statement from the Geosim agreement that the value of purely the conversion of EP into equity will be a minimum value of 10M US$ and could be considerably higher.

All just my quick calculations and may be wrong, but I would say as its going to be a legal agreement, in the time from now, during legal agreement to the final deal being done in the future the price should be trading around mid 3.5p level and that is a very conservative figure I think.

I have previously been buying and adding to my holding and said anything under 1.5p is to me good value with Geosim rumour. Given the latest news and its from rumour to soon legal documents then I would now say in my opinion that anything under 3p is now very good value and below 4p good value, but that is just my opinion of things and others may differ.

How much of a mark up at open will we get ? I am sure there will be one following the news yesterday and what will be todays rise percentage at the end of trade, I am expecting it to be a lot bigger than most big moves up.

Moving up well with over 40% rise already !

100% rise and moving upwards !

PapalPower

Watching this move up as we speak on level 2, I had a sell set @ 4p I may get that today the way it is going

It is moving up well stewart3250

Yep, perhaps 4p was a little optomistic, I have held since they were @ 0.003p, any thoughts on what they could go to today and once agreement is signed, I believe it has to be signed by 31 October.

I could do with selling today as I have topped up on Toledo (TMC) but do not need to sell if we still have a big upside, be grateful for your estimates today, upon signature and mid term.

stewart the ACS deal goes past first stage on the 31st October, this is worth over 1M to BSP.

The Geosim deal is the big one, and now confirmed as shortly going to be fully legal agreement. 2p plus today at close would be good, its all a bit too much for one day, but glad I have been holding and adding into my BSP stake in the past months.

TMC is one I am watching, but waiting on TAG first with news from 3X. I know the Flipland well and everything gets delayed, so I am hoping to get a good gain on TAG to put into TMC before the final paperwork is finished for TMC and they can start mining the nickel.

PapalPower

Do not wait too long with TMC, PCSD due tomorrow, email me if you want, we can discuss TMC and BSP, I am also a large holder of CHP.

got it ok, will drop you a line later.

hello everyone it is turning out to be a golden goose as you can see that after realisation of sale of investment and tax relief up to now has to be added to their value which comes to more than 10p--there is a possibility that any other company wants to reverse into this tiny darling in order to maximise the tax relief and the cash available for a new adventure such as in oil & gas

Who Tipped these at 0.30 pence....next one to go the same way is DMR.

I told you on the DMR thread last week, BSP was good for a lot more, think you sold too early on BSP SueHelen.

DMR I am still confused over the assets, needs a lot of research on that one, still looking but not in yet.

On the iii board there has been informative discussion on this stock about all the positives,that can come out at the end,and all of a sudden one person says sell the stock,just try to get the stock cheap for himself or may be he has sold early,and now cant be bothered to see other investors making some gains.i some times dont understand this theory.as to why some people makes these sorts of comments,even they know the upside of a stock can be huge.

iii is nothing, meet the vile world of the advfn poster, ramp ramp
when they hold and deramp deramp deramp as soon as they sold,
a quick glance on the thread and all of the usual suspects are there.
Honesty is not a word to be used much on financial bb's, 10 years ago
maybe but now 90% of the posters are just blatant liars with right
at the top our suehelen/op23 and now smiler25 on advfn, would lie to
his mother for a fiver !

as far as i can figure out suehelen and smiler are same people,with very high expectations,until every thing goes pearshape,than you dont see those names for a period of time,and than all of a sudden suehelen is there for you to ramp again,but on the main subject i just want to know hows this stock will go.

ateeq, BSP if you are holding for the long term will be good value at present prices, owing to the nature of the business the price will go up to start getting near to NAV, then will fall back (as it has in past weeks) owing to no news flow, boredom and MM's marking it down knowing they can get sells.

Then the next news comes and its back in vogue and start climbing to NAV again. Long termers will not go wrong, but if you hold for the long term be prepared for drops down for no reason.

I feel sorry for those who sold out in the past few weeks, just because the MM's marked it down, and for no reason, other than to make a market, if those people would have held then the price would not have dropped and they would be better off today. Sad fact with the AIM now with CFD/SB, its becoming more and more manipulated and nothing to do with the companies assets, progress and trading anymore. The sooner they put a large dose of tax on CFD/SB and make it more expensive, the better for long term investors in my opinion.

thanks papalpower

LOTS OF SELLS BUT COULD THEY NOT BE BUYS ,BECAUSE AT 13.05PM THE PRICE WAS 1.90,WHICH WAS A BUYING PRICE,AND AN HOUR LATE TRADE IS SHOWING UP AS A SELL,CAN YOU RECTIFY THIS PAPAPOWER

all 4 mm's 2-2.3p....the othet mm citi is not getting involved, i dont
know why mm's bother to quote at all in penny stocks when they stay
miles off the bid and offer.

Online it's 2.06-2.25p for 375k both ways, mm's happy to make a cut
jobbing on this spread hence no movement for a while.

Very kind of wins to force it down to let me buy in below 2p.

Not my normal cup of tea but when this news is confirmed
i can see a 30-50% gain or maybe more in the making.

A bit harsh mackem on myself.....a ten bagger if you followed my advice last November.

Hi Papal, I made my 300% gain buying at 0.30 pence and selling at 1.30 pence in August. Made a 100% on these trading these over the last couple of days. That's more than enough for me. I have a motto of not falling in love with stocks and that's stood me well.....these kind of gains happen several times during the year on different stocks.

For example...there was a 1000% gain to be had in HHO if everyone timed it right.

Mackem - DMR will be the next ten bagger.....IMHO but the one who have been ramping MOI will never get be a ten bagger let alone get to 1 pence.

Squelch Mackem...someone who thinks he's above the rest (this game is not for the likes of you)...just see his comments on the DMR thread and how he has disappeared from there as the price has risen 35.00% this week.

lovely day... another 100% rise tomorrow me thinks

Mackem Alert - anything to say on Katcenka's post.....Is he too strong for you to attack.

Heres news of Microsoft - httphttp://news.bbc.co.uk/1/hi/technology/4382112.stm

interesting


think US firm.... think and Link ;-)

There were some big buys after the bell which moneyam only shows upto 4.38pm,but on the iii thread there were contin buys until 17.38pm,so may be a good start tomorrow,who knows,but good luck for tomorrow,and hope to get an rns soon,and a positive one.

No Ateeq. The MM's 'brought the price down at the end' because they took on 2.5m worth of sells within the space of 10 minutes...

over adfvn, they are saying the same as ateeq sue helen, also the drop at the end was a false drop, tomorrow apparently will open at 2.5p on offer... hope you didnt sell

another big rise this morning

There might be few dips along the way,but by looking at the buys and sells ratio it seems as this will hopefully break this 2.50p barrier at some stage,or may fall before the big rise,just my opinion i am not an expert but things do look good at the present time.good luck.

good op to top up now

good op to top up now

good op to top up now

high chance of news coming out in the afternoon, look at past RNS's and the times they get issued, they stated deal will be signed very soon..

yahoo wants maps

httphttp://yhoo.client.shareholder.com/ReleaseDetail.cfm?ReleaseID=177629

BINGO!!!!

GEOSIM makes 3d maps if your wondering

then again, look at this: http://http://www.geosimcities.com/sol_tourism.htm
3D visualisation for trip planning. Might not be re-inventing the wheel after all.

the US company involved with brainspark is YAHOO

katcenka

Are you saying Yahoo is the Firm invoved with the deal with geosim ?

or hoping

Press Cuttings

Shares - 22/24 Jan 2004 "Brainspark tries to keep home fires burning"

BLOOMBERG INVESTIMENTI - 2 Nov 2002 "Brainspark-Infusion, via al conferimento"

AGI-ONLINE - 29 Oct 2002 "AISoftw@re: via libera a accordo Brainspark-Infusion"

YAHOO FINANZA - 29 Oct 2002 "AISoftw@re, siglato trasferimeto asset Infusion a Brainspark"

IL SOLE 24 ORE - 21 Maggio 2002 "Al via la fusione Infusion-Brainspark"

YAHOO FINANZA - 20 Maggio 2002 "AISoftw@re, inizia fusione Infusion/Brainspark - AD"

REUTERS - 5 Feb 2002 "AISoftw@re a 56% Brainspark, offerta incondizionata"

FINANCIAL TIMES - 2 Gen 2002 "Brainspark in 5.2 takeover"

IL SOLE 24 ORE - 29 Dic 2001 "Opa AISoftw@re su Brainspark (Gb)"

REUTERS - 28 Dic 2001 "AISoftw@re lancia un opa su britannica Brainspark"

YAHOO! NOTIZIE - 28 Dic 2001 "AISoftw@re: lancia Opa amichevole su britannica Brainspark"

WALL STREET ITALIA - 28 Dic 2001 "AISoftw@re: lancia Opa amichevole su Brainspark"

New Media Age - 23 Aug 2001 Fortune Cookie provides content for 3G network

Design Week - 9 Aug 2001 Vegetables Behaving Badly


http://www.brainspark.com/

its been rumbled

katcenka

I saw those on A.D.V.F.N. I don't see the relevace, I have 500,000 of these which I bought @ 0.003 and I want them to be 3.5p + but hard facts will only do that, I had read Bluedolphines posts and he does ramp but I hope he is right.

What is your opinion though, would love it to be Yahoo or Google and it is strange how the have not named the "Firm" yet almost as if it will effect the SP because of them

stew... look at brainsparks website... they have been involved with YAHOO... the answer was right in front of us... I have posted the links above...

yippppeeee, 5p nope, if it is Yahoo, you can easily say 30p a share

katcenka it will be a twisted tale of dead ends and forks in the road before anyone knows what the plan is. A private equity firm has a plan and some contacts (which may or may not be Yahoo or anyone else). Their plan is their contacts need something, with massive potential, they can provide this by using Geosim. They are hedging their bets by buying into Geosim and then to explore the potential from a more solid base. If their plan works out then it will be a massive deal, if not then nothing much will happen and all going wrong then BSP get only the 720K EP. The next stage is getting to know the name of the equity firm, but then we will still not know who their proposed clients are, and their clients are the key to knowing the value at the end of the rainbow.

This story has a very long way to go, and you are not going to know all the answers in a few days or weeks, it will take months and months and slowly the story will unfold, the potential is massive, but step by step and it has some risk along the way.

i haVe sold my 100k shares for 150 % proft as this looks like a good trading op on the dips

i am suspicous as to why they wont name the private equity firm, it must be huge, remember minimum $10mil, so whats the max ;-)

quick 4pm rally

sorry I got it wrong its google, check this out... compare and then tell me its not a big name involved with BSP

http://earth.google.com/download-earth.html

now compare this

http://www.geosimcities.com/sol_tourism.htm

wooohoooo

news out late on monday apparently ;-)

Katcenka,

Where did you get that information, and is after close of business again, say 5.00pm

wait and see.. ACS is completed tomorrow

time to jump on board again, at 2p this is the last buying op before we hit 5p, ACS deal must be signed by 31st October, I believe thats today ;-)

on the way back up

waiting for some more profit takers to get backin lower sub 1.4 could be lucky .Volumes droping take profits in these dodge markets .

it will be the last Rally at 4pm, ACS deal has to be done and dusted by today, may very well be a RNS giving us an update, better in than out

katcenka i tipped off FYB about Brainspark: now given them a tip about Proventec (PROV) there is rumoured to be two big deals to be announced soon like Geosim was for Brainspark that will push it way above the 14p recent placing price !!! big MM buys yesterday and more for today is due imho. DYOR !!!

jess

Does anybody know if the ACS deal went ahead yesterday ?
Loadsa

directors are busy today, so make of that what you will

signing not till next month

Next month you mean this month or december.

december

where do you get this info from,as it was end of october first,and now december,whats happening.

Bargain alert... agressive tree shake from the MM's

ateeq180
An interesting question, shall we ask it again?

Katcenka
Where did you get the information from
Loadsa

santa claus

last chance to take profits before the mass of stop loss are trigered bargin is below 1p.

celby you may well be right mate...

katcenka
That's about what I thought
Loadsa

looks like we will be able to buy at 1.1p... we are tanking

recovery, is it news ;-)

katcenka these look in trouble do you think ? getisome into PROV before the 11TH imho its going to fly soon

LOL

4pm rally ???

last chance!!!! going going!!!!

What a load of tripe Katcenka.

healthy though

Bangkokbang - 2 Nov'05 - 18:01 - 2791 of 2791


whats does it matter weather its days or weeks, we know the legal documents will be completed shortly..(but how long is shortly) but when do they get signed is the big question, being the private equity firm is in the USA, it wont get announced until the late afternoon or evening also, this is my guess, they announced the things were progressing last week, being they are legal documents, they will require checking and re checking, this can take days, then the documents have to go over to the USA, the private equity firm will get the solicitor to examin them, and if there any disagreements the documents will have to come back to the UK for amendment (Which is highly likely).

They will get re-checked again, then sent to the USA and the process will start all over again, once both parties are happy with the documents, they will then set a date for signing..

so we are talking a minimum of two weeks and a max of 1 month, so December is the likely time we will get an RNS, but then again I could be completly wrong, its best to just sit back relax, and ignore what goes on here until that RNS is delivered to our ever eager eyes

The summary from Shares Mag end of last week was interesting, we shall see if they are right;

Traders looking to make a profit on Brainspark should consider taking their profits while they still can. Once the identity of the mystery buyer is revealed - and it is unlikely that either Microsoft or Google will come in for it, especially at this stage - the share price is likely to drop back to prebid levels

But both these recent Sharesmag statements cannot be correct,
can they?

September 2005:

i. the stake could have gone for a higher
price but did not because Brainspark had failed to
appreciate the full value of Geosim.

November 2005:

ii Once the identity of the mystery
buyer is revealed and it is unlikely that either Microsoft or Google will
come in for it, especially at this stage the share price is likely to drop
back to pre-bid levels.

I'm not sure that either is correct but the former,
after allowing for the facts that a sale of only half the BSP GeoSim
holding was being discussed in September and
those discussions had not reached a legally binding
agreement stage anyway, might be a better pointer
than the latter but all imho so very much dyor

BSP have notified their landlords
that they will be surrendering their office
lease in March 2006. No relocation plans were
announced. Does BSP expect to be trading
as a seperate entity after March 2006 Quarter day?

DYOR

well the share mag had a lot of incorrect information... so its best to ignore it, some shareholders are considering legal action against the magazine... read this, comments have been put next to bits of the article

Going all Googly over Brainspark

Hope springs eternal...so how old will traders and investors with Brainspark (BPS:AIM) positions actually be before the stock starts to live up their initial hopes? A long time it seems. Technology incubator Brainspark has been a major disappointment since its float in early 2000 and the share price has reflected that - falling from a high of 132.5p to a staggeringly low of 0.2p (5 May) within four and a half years as traders and investors avoided it like the plague. But in recent months, Brainspark's share price has staged a remarkable comeback and it now trades at 2.23p - a rise sparked by rumours that it would be taken over by a private equity house. ((actually thats not a rumour, we have the RNS thats states it is happening)... MISTAKE NUMBER ONE)

That was only partially correct: Geosim systems, an Israeli software company that is 50.1% owned by Brainspark, is set to be bought by a so-far unnamed private equity house and more details are expected before the end of the year.

But according to some Bulletin board posters, traders and investors should regard the private equity house as a mere stalking horse for either google or microsoft. The gossips claim one of them will aquire Brainsparks Geosim stake before buying it outright, as both are rushing to put online 3D mapping services.
One post message states:'there is so munch info available...it proves Google are working with Geosim...so somehow its a sure bet we are in the money - going to be a good Christmas'. (Thats what i said ;-)

Geosim produces software which allows people to model 3D landscapes (Wrong... MISTAKE NUMBER TWO, GEOSIM DOES 3D CITIES NOT LANDSCAPES www.geosimcities.com) and the argument would have greater credibility were it not for three important factors. Firstly Google acquired digital map maker Keyhole for an undisclosed amount last month.(Keyhole DOES 3D LANDSCAPES NOT 3D CITIES - MISTAKE NUMBER 3)
Secondly Google has been offering an online 3D mapping service to all and sundry since June (We know, but the 3D buildings need to be incorporated into google earth)
Thirdly, its far from clear whether Google has had aby dealings - prior or otherwise - with Geosim (FOURTH MISTAKE... i PROVIDED THE LINKS FROM GEOSIM ALL THE WAY TO KEYHOLE AND ALSO GOOGLE KNOW GEOSIM WELL...)

Microsoft makes very few aquisitions, even though it has the cash, and its attention is focussed on beefing up its online security unit (WHAT BILL GATES CAN ONLY GET HIS STAFF AND DIRECTORS TO WORK ON ONE THING AT A TIME... IDIOTIC POST) earlier this year it bought anti virus producer sybari systems.

Traders looking to make a profit on Brainspark should consider taking their profits while they still can. Once the identity of the mystery buyer is revealed - and it is unlikely that either Microsoft or Google will come in for it (HOW DOES HE KNOW... INSIDER KNOWLEDGE OR WHAT), especially at this stage - the share price is likely to drop back to prebid levels (AND THIS LAST SENTENCE WAS THE MOST FUNNIEST THING I EVER READ.... OERR MR HO, YOU CLOTT, HOW CAN IT GO TO PREBID LEVELS WHEN WE KNOW GEOSIM IS GOING FOR MORE THAN 10MIL DOLLARS AS PER THE RNS + ACS IS TO BE ANNOUNCED AND EASYART IS INTENEDED TO GO ON THE AIM)

TO ME THIS IS FANTASTIC ARTICLE - FULL OF ERRORS AND A GREAT ADVERT FOR PEOPLE TO CONSIDER WHETHER OR NOT TO TAKE A RISK... SMALL AS IT IS, IF YOU CAN MANAGE TO GET HOLD OF SOME SHARES... I AM SURE WEEK HOLDERS WILL EXIT, BUT SHARES IS BOUT RISK.... AND I AM STICKING BY BSP ON THIS ONE...

Good points may, and I am still very open minded shares mag will be wrong again.

Paiser - 20 Nov'05 - 12:26 - 123 of 132 moderate post | add to banned list


Bill Gates has announced his vision of the future and a large part of that vision is in Three Dimensions


On his 50th Birthday, Bill Gates, Microsoft founder and multibillionaire, let his guard down and loosely spoke about his vision of the future. And when Gates announces his vision of the future, everyone should take notice, because with money, control, and a company like his, the future will be whatever the man wills it to be.

A lot of the futuristic 2015 things that Gates mentioned are interesting, but have nothing to do with DCC. Included is the coming obsolescence of paper, aided by high-speed wireless internet, and cell phones that can translate signs in foreign countries.

His more immediate vision does concern DCC, however. Gates wants to do away with the 2D, flat way that information over the web is delivered to us. Super fast internet connections and improvements in hardware will make possible a world wide web that gives us information in 3D.

Gates explained his vision of a 3D future as the ability to access distant places from your living room: "You'll be walking around in downtown London and be able to see the shops, the stores, see what the traffic is like. Walk in a shop and navigate the merchandise," he said. "Not in the flat, 2D interface that we have on the web today, but in a virtual reality walkthrough."

In fact, according to Gates, Microsoft is already spending "hundreds of millions of dollars" to create a photorealistic 3D map of the whole world in which we can all interact.

Sound familiar? It should. Google already has a 3D map program, called Google Earth. Google Earth allows you to zoom through the streets of San Francisco and a few other cities that the Google team has 3D scanned. If you havent already, you should try it out. The program has 3D boxes that represent real buildings in the area.

It seems that Google and Microsoft are on to the same thing. They want to make it so your web surfing experience is focused to a geographical location. That way, we can get the benefits of both the web and real life the web has the ability to take you anywhere instantaneously, and real life is, well real.

Microsofts vision definitely one-ups what is currently in place with Google Earth. Google Earth only lets you see gray boxes that represent buildings. One would presume that in Gates world, not only would the buildings be realistic, but you could actually walk into the stores, which would be the analog of clicking on a lick to go to a website.

If (and when) Gates vision is finally realized, it will lead to a whole growth industry in 3D modeling. Then there will be enormous demand for a newly designed 3D website that allows users to navigate the stock of a store as they would in real life. The layout and placing would no longer be constricted by things in the real world. For example, jewelry may float in the air instead of stay behind glass cases. This gives the 3D designers in charge of making these online storefronts much more flexibility.

In fact, ideas like this have been tried before but they have failed because it was technologically before their time. With Quicktime VR, an Apple product, and some other similar programs, people took panoramic pictures and put it on the web, which allowed web users to get a 360-degree view of whatever view the designer could photograph. There were also efforts at creating a 3D store on a few websites that fell flat on their faces in a matter of moments. (They were never truly 3D, just some 3D renders of a fictional storefronts that you could navigate through as if you were in the game Myst).

What will make this 3D future possible in the near future are massive advancements in technology. Ultra-fast internet connections will now allow for the high amounts of 3D data to be transferred over the web at bearable speeds. At the same time, hardware in the form of graphics cards and processors will be able to process the information and display it seamlessly. Finally, software will be able to compress the information on one side and decompress it on another so the 3D information is highly accessible.

These improvements in technology are happening today at a rapid pace. It seems that it will only be a matter of years until these three trends make technology ready for Gates vision. And when they do, we can expect that the entire way weve been doing business online will be dramatically changed.
**********************

Ok who can do this better than anyone else, yes GEOSIM.

Monday, October 31, 2005
Bill Gates is spending on 3D globes too
DCCCafe Weekly reports on Bill gates' vision for the future, and it contains some intriguing tidbits relevant to 3D virtual globes. (Sourcing is not clear in the article as to when and how Gates's opining was recorded):

Gates explained his vision of a 3D future as the ability to access distant places from your living room: "You'll be walking around in downtown London and be able to see the shops, the stores, see what the traffic is like. Walk in a shop and navigate the merchandise," he said. "Not in the flat, 2D interface that we have on the web today, but in a virtual reality walkthrough."
In fact, according to Gates, Microsoft is already spending "hundreds of millions of dollars" to create a photorealistic 3D map of the whole world in which we can all interact.
...
It seems that Google and Microsoft are on to the same thing. They want to make it so your web surfing experience is focused to a geographical location. That way, we can get the benefits of both the web and real life the web has the ability to take you anywhere instantaneously, and real life is, well real.
So are we now looking at three contenders for next-generation browser? I wonder what Microsoft's will be called, now that obvious candidates "Explorer" and "Earth" are taken.

http://www.ogleearth.com/2005/10/bill_gates_is_s.html

share mag got it really wrong ;-)

going back up ;-)

Update on investments

RNS Number:4523U
Brainspark PLC
21 November 2005




FOR IMMEDIATE RELEASE 21 November 2005

BRAINSPARK PLC ("Brainspark" or "the Company")

Update on Investments

Investment in Geosim Systems Limited ("Geosim")

Further to the announcements of 26 October 2005 and 11 August 2005, Brainspark
now announces that, together with Geosim and the other shareholders in Geosim,
the Company have entered into a convertible loan agreement with CRASH Ventures
LLC, a US private equity firm, (the "Firm") (the "Geosim Agreement"), a Oregon
limited liability company.

EasyArt acquires WorldGallery assets and appoints new CEO

Rachel Elnaugh, former chief executive of Red Letter Days and panellist on
BBC2's Dragons' Den, has been appointed CEO of Easyart.com, the UK's leading
online art and framing retailer (www.easyart.com). Brainspark holds an 19%
equity position in the company.

Ms Elnaugh, 40, will have the opportunity to acquiring up to 20% of the business
through a mix of personal investment and share options. She takes over from
founder Simon Matthews, who will continue to work with the company as an
advisor.

Easyart.com have announced the acquisition of rival art portal
Worldgallery.co.uk. for a consideration of 27,539 new Easyart Holdings Ltd D
shares, valuing the acquisition at # 137,395 or #5.00 per share.

Following the issue of the new shares, Brainspark will own 54, 690 Easyartshares
representing 17.6% of the total Easyart share capital.

INTERESTING RNS

LONDON (AFX) - Brainspark said TraderServe, a software vendor and
consultancy in which it holds a 34.6 pct holding, has launched a new range of
products for compliance with MiFID best execution requirements.
Brainspark said in a statement that this is a significant step for
TraderServe after a long period of development and the products are expected to
be adopted widely by investment managers seeking to comply with FSA requirements
on best execution.
These products generate significant savings in transaction costs and are
expected to make a significant impact on TraderServe, it added.
The EU Markets in Financial Instruments Directive, which comes into effect
at the beginning of 2007, will introduce a single market and regulatory regime
for investment services across the 25 member states of the European Union.
newsdesk@afxnews.com
pmi/vb

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