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check the RNS, I even told you which one to look at. so ....what do you think of a firm with no income, spending Roughly 1/3 of a million pounds on ADMIN Expenses ? Where do you think the 174k was spent on ? that's a huge percentage of the 2017 admin expenses not accounted for. before you try to trip me up on my typing errors, perhaps you would care to respond to the question ?
Your afternoon post says 329k and another it say 326k must me a mistake. No worries. This think happens. You would probably laught if it’s any of us.
You are welcome for the figures and claro fixations by the way. You asked I clarified it for you. Someone said repetition I say clarification. So what do you think the balance of 174k was spent on?
Also 1. 43am is early morning and not late night LOL
Where I have ramped this share? I have always questioned it since I realised what was going on. No one likes to be tricked when it comes to money. I doubt you are happy with the performance here.... Are you happy?
So what about the 174k on the expenses account. Don't think I've ever posted that before so save repetition. Also don't concern yourself with what time I post..... That's up to me. Try to focus on weather or not your money is being invested well Really don't understand the personal Insults towards me... Hahaha I am fine... I have everything I need thank you for your concern......
I wasn't going to bother doing this but seeing as I have it all up in from of me. Admin for 2017 - �329,000.00 so from the sept 2017 rns Travel 33k + wages 82k + Office cost �34k + PC Cost �6k (that's a sweet PC) comes to a grand total of �155k yes the admin expenses claimed were �329,000.000 where has the difference gone ? its massive �329k - �155k = �174k Missing in the Expenses account where the hell has the extra �174,000 gone ? can anyone explain ? maybe ive just missed a massive one of cost out of perhaps he is eating at top restaurants each night of the year ?
Increased during 2017 to �326,000.00 from �259,000.00 the year previous. so they went up by �67,000 by the way this company shouldn't be burning a third of a million pounds on ADMINISTRATION. while recording a loss of over 100k. actually the admin is disgusting waste of investors cash. The funny bit is that he claims an offset for getting rid of an auditor and a "smaller foreign exchange loss" (which comes from paying back the previous alcazar loan in USD. WHAT A JOKE
arent you my friend.... I don't know where to start 900k was what was left from the placing after the broker took their fees. the placing was for �1m but you have to pay the broker to "broker" the deal, in this case beaufort securities. They charge a fee and so you were left with �900k out of the placing for 1m sterling. the figures (including 33k for travel expenses last year, are in the Final Results RNS 4TH September 2017 and i quote Administrative expenses were �326,000 (2016: �259,000). The increase resulted primarily from an increase in Directors' fees to �82,000 (2016: �16,000) and the rental of office space at a cost of �34,000 (2016: nil). Travel expenditure also increased to �33,000 (2016: �24,000) and there was a one-off increase associated with IT work to �6,000 (2016: �1,000). Offsetting items included a smaller foreign exchange loss due to the holding of a portion of cash balances in US$ and a reduced audit fee. Now regarding my prediction of a placement, yes i posted this at the end of 2017, but i also made it clear that it will be to cover the loan of 250k plus interest 25k = 275k that is due to be paid back to alcazar1 pte. again see the inal results RNS QUOTED Trade and other debtors due within one year were �136,000 (2016: �47,000) and �259,000 due in greater than one year. The principal reasons for this rise are that expenditures were incurred on various projects including Manas and certain strategic initiatives. Should these projects succeed then the expenses incurred by Legendary in relation to them are expected to be recovered. ALSO Current liabilities were �138,000 (2016: �251,000). The fall was due primarily to the Company repaying a loan of US$250,000 to Alcazar 1 Pte Limited. Post the year end, in April 2017, Legendary entered into a new facility agreement with Alcazar 1 Pte Limited for up to US$400,000. The facility bears an interest rate of 10% and has a term of one year. At the end of June 2017, US$250,000 of the facility was drawn down.
Please be100% sure what you are mentioning because last night post nearlycopy and paste of 2014 article with some Modern flavour. Your some of this fact and figure were like whispered by someone. Could you please.
I thought you were with me but you left. No worries gd night enjoy your dream.
After the 900k also we have seen the sp rocket to its highest till today. That was just the Due to the NHS trust joining news. Now we are with them. Still the sp is so low. What do you think just due to the placing of how much not imaginary fact figure. What about being undervalued. Could you share your opinion . Low volume now but did you actually notice the volume in late dec.? Why was that all of a sudden. What about your forecast during end of 2017 about placing and consolidations. Didn’t get right. Lot of other updates were done but not them. Nothing serious about might happen after 6/7 month.
This was you were here too. 2014. I am actually confused are trying to mention 1 million or 900k please check. If it’s 900k (winnefrith)than hope you know better than me. Once again, Could you go thoroughly with this placing. Yesterday you were mentioning few 30k where they round up figure or guesses.? Travel expenses? Would you be able to go in figures because you seem to be guessing in hundreds of thousands. Office yes I agree with you I am wondering why he didn’t use the living room in his house.
Sorry I forget to mention not. It’s ok you didn’t notice as well.
5 years of when . Recently leg did increased the stake in Vs. I would not completely agree at this time to sell Vs and put it for us. This is investment firm keeps looking for best value for holders. We as holder take profit from the rise of sp.
Sorry I was trying to offen you or showing any concern. Once again, he mentioned on Vox which was his initial investment. Please listen. Where else did you find ? Please share. You are not wrong if you thought misunderstood of overall investment and you didn’t agree at all with the Ceo.
when you read the company statement it clearly says how long the investments are to be held for. 5 years was stated to be a maximum (I know there is a caveat in there saying in some circumstances he will hold them for longer but he puts these caveats in everywhere) ....VS is the only successful investment that the firm has ever had and he should have crystallised it for investors. Instead he has raised a lot of money in placings and spent it on Travel, increased wages and a new office which LEG do not need. he has created this farce investment IBS and borrowed even more money from alcazar 1pte at a cost to investors of 10pct a year....even though he had only just raised 900k from placing
I do agree with you about cashing it. Vs is doing well and getting better. More clients and going wider. I personally agree with you about cashing right now when Vs is getting larger then before. What do you think on this? Should have sold?
he invested 50k at a valuation. He later invested much more at a much higher valuation. (Don't you be concerned with when I invested and how much etc, it is none of your business and not relevant to this at all) do you understand ? He claims to have made 30x but that was on his 50k since then he has invested at valuations of 55m and 67m tell me ....did he make 30x on those investments ? no he didn't. but he keeps saying 30x ....which is out of date and misleading to investors
You did mentioned in you past post. Please check. CEO never mentioned overall investment . He did his initial investment which is 50k during the vs valuation 2m. Long time ago, when you were not the invester here I was.
Valuation means nothing if you don't cash in the investment, it can just as easily be revalued -------downwards.
you asked me that regarding 30 ? I don't understand the question ? If you are talking about VS VALUATION, then view the interview with karim and read his update RNS, he claims to have made 30x on VS, but that was only the initial investment. since then he has invested at much higher valuations, his average is way above the 2m valuation, but yet he keeps saying he has made 30x on the investment, which he has not !
is excellent at exposing AIM fraud. he has done it with Quindell and Globo in the past. he has exposed UKOG more recently. only reason the microscope isn't more on LEG is because this one hasn't got much interest and its low volume / difficuilt to trade. That's why you don't believe soupdragon when he says it is only 5% of his PF, yet nearly all of his posts on here are regarding LEG (245/248) I would say that spells locked in !
Glad you are here. I asked you regarding that 30. So what should I say it’s a yes.
Read about guy too. He might be genius. Also his controversy specially Soupdragon78. Highly recomended by our superlucky79.