BSF Enterprise (LSE:BSFA) shares plunged more than 44% to 2p after its museum‑grade 'T‑Rex' handbag was not sold at auction, at Hôtel Drouot on 11 June.
The handbag has been withdrawn from the public auction format and is being prepared for sale to a select group of high‑net‑worth collectors and institutions, the company said.
A global media campaign and recent public exhibitions, BSF says, proved market appeal for the "Extinction is the new black" concept and accelerated high‑level corporate pipeline discussions with multi‑billion‑dollar Tier‑1 companies.
Deep conceptual R&D talks continue with a leading global sportswear giant exploring integration of bio‑synthetic structural leather into elite, high‑performance athletic footwear.
Technical engagements remain active with a world‑renowned automotive brand assessing bespoke cabin materials built on the same platform.
Corporate feedback has focused on structural integrity, scalability and the platform's intellectual property, all of which the physical handbag was intended to demonstrate.
