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SD, We have received GOS Systems updates in some form every few months: for example there was the conference call last September, and most recently there was feedback on the 25th. February AGM attended by Ray on ADVFN. However, while quarterly updates may be appropriate when the company is listed and the shares being traded, its not really necessary for a private company. TGL's 2014 results were due at Companies House by end September 2014, so are now nearly eight months late. But to put that into context, uber successful global concierge company Quintessentially's accounts were recently filed nine months late: "Need that table, ticket, or rare item? Meet Aaron Simpson the upmarket fixer who knows the habits of the super rich By Sarah Bridge for The Mail on Sunday Published: 22:02, 5 September 2015 | Updated: 10:37, 7 September 2015" ... It set up hundreds of businesses, covering everything from wine and fitness to education. That model is being restructured, which Simpson says is why accounts were filed nine months late. ‘Give me a break,’ he says. ‘I’ve waited six months for my tax refund.’ ... While the concierge business has about £18.6 million in sales and makes £1 million in annual profit, these other activities mean the group’s total turnover is £65 million and it makes £4 million a year. ... " http://www.thisismoney.co.uk/money/news/article-3223583/We-tracking-customers-s-valuable-information-Meet-upmarket-fixer-knows-habits-super-rich.html We know that TGL's accounts have been held up by the Canadian tax authorities, which is beyond their control. When things are not beyond their control, Stanhill actually move very quickly. Three examples: 1. TGL's cancellation of its dual-listing with the Toronto Stock Exchange in April 2014 was accomplished in just four trading days from the announcement. In comparison, BHR took over four months to achieve the same thing - 19/09/2013 07:00 UKREG Beacon Hill Resources plc Intention to Delist from the ASX http://uk.advfn.com/news/UKREG/2013/article/59272261 23/01/2014 07:00 UKREG Beacon Hill Resources plc Voluntary Delisting from the ASX http://uk.advfn.com/news/UKREG/2014/article/60763356 2. TGL completed a "substantial transaction" just four months after becoming an investment company on 30th. June 2014. Compare that to a shell like SRO, which has gone years without a deal. 3. Within just several months of being formed by Ilyas Khan, Cambridge Quantum Computing Ltd. had already reached a stage that many university spinouts never get to, i.e.: external funding from a merchant bank (Stanhill Capital), appointment of business development personnel, a designated (and very impressive) website, use of the LSE's RNS news service, and a Chairman of the quality of Sir Nigel Broomfield KCMG. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12166699
Why does everything take so long with this lot? I mean they could have got these new shares issued closer to the 2 months than the 3, now it looks like its going to be more like 4 months. When is the new web site going to be up and running then, and will they ever issue a set of accounts? I laugh to myself when I remember them saying we would get 3 monthly updates when they bought GOS, this became 6 monthly after the 3 months were up, then someone called them to ask about the accounts and they said that the ye accounts were with auditors, that was probably over a year ago now...How long can they get away with not issuing any accounts, can they do this legally?
YS, The bears are well wide of the mark here, and aren't being rational. A medium turn return to the stock market is the intention, and I believe that Intelicrypt Tactical Solutions, as we will be called, will be very well-received. And longer term, the potential upside could be very exciting indeed. P.S. I'm surprised that you're only rating this as a "Hold" ... albeit we don't have a lot of choice at the moment!
Exactly HH pretty poor takedown job with those inclusions. Looking forward to seeing how this one pans out. Potentially could be an exciting end to the year/start to next. A cleaned up entity is going to be a lot more investable than TGL was, let's hope that it is reflected in the relisting price.
The parts of the article about GOS Systems itself are the only parts to take seriously. And these parts confirm that: 1. GOS Systems is a good business. 2. TGL bought GOS Systems for a fraction of its value. 3. GOS Systems has made impressive progress since TGL acquired it. "GOS Systems: All That Glitters is not Touchstone Gold November 13, 2015 ... GOS Systems certainly held all the right credentials: an established knowledge base in lawful intercept and government surveillance technologies; a product line for intercepting wireline, wireless and IP traffic and determining target location via mobile interception; the promise of exciting new products; a history of serving police and intelligence agency clients; and, finally, revenue generated therefrom. ... In a word, Golden Orb Systems or GOS Systems was bankrupt, and with its well-funded Board lined up, Touchstone Gold was in a good position to scoop up the surveillance company’s assets for a fraction of their market value, or if you prefer, to “rescue” the company. … In the first half of 2015, GOS Systems made impressive progress, updating its DIAL suite and partnering with a wireless company to create an MVNO (mobile virtual network operator) as network infrastructure for a secure mobile service ideal for government agency and military clients. ... "
The writer is clearly unaware that Khan was behind TGL from the beginning and has therefore not even done the most elementary research. Utterly feeble.
Think about CQCL and Intelicrypt for a second. Intelicrypt own Convertible Pref Shares in CQCL which one could arguably say is worth more than the £200k invested, call it £500k as this was before CQCL raised $50m from the Chilean Investor. (google investor). Seeing as GOS is in a high growth market with Cornerstone Governmental Clients and Police Forces and there is also the CQCL product exclusivity we are closely aligned with CQCL and there's no way that I.K being such a public figure and visionary would let his investment in Intelicrypt of 9% and associated Partnership with the Company go to nothing. It wouldn't make a jot of sense. Sure we'll get an update soon. As soon as the Certificates hit your account, it's countdown.
Hi Guys, that insider surveillance article is now free to all to read. https://insidersurveillance.com/gos-systems-all-that-glitters-is-not-touchstone-gold/ All in all one big let down, it could have been written by a teenager and no insightful information on the business just rambling on about the AIM listing not realising that a listing has little to do with the businesses doing well or not.
They did say up to 3 months for the new shares, lets hope that new website is up and running by then too.
+44 (0)203 301 9331 investor relations should be able to confirm that
Does anyone know when we will be receiving the new shares?
SD, I've no objection to anyone selling: that's their decision and right. But I feel that the company should make listing decisions that are in the best interests of the majority of shareholders, not just cater for someone who wishes to sell in the short-term. And for holders happy to hold for a few more years (+), or even just one year, a medium-term delay in relisting should not be a problem. I've never said that I know the company will be taken over, just that it's a possibility, which for many shareholders may represent a good exit point. I sympathise with the fact that you missed out on the buying opportunity with HOC, but as Chesy has said, how do you know that you would have actually bought when it crashed to its all-time low? You didn't post at the time that you wanted to buy then, and the chances are that you would have been worried that it would fall further. As you say, " ... its not easy to buy right at the bottom though is it?" I think that your best approach would be to put it down to experience, and accept that many share price movements are inherently unpredictable and uncertain. And also, that while it's good to have some portfolio guidelines, they should be flexible. As Graham Taylor once said: "Never say never, never say always." Finally, you earlier accused me of lacking balance, but that is exactly what you are displaying. For example: - You've asked who cares about the history of HOC's historic share price fall, when you've been complaing about TGL's historic share price fall (which actually ended about two years earlier than HOC's). - You excuse HOC's fall on the state of the mining sector, while making no such excuse for TGL (when as an explorer it is even more of an excuse than for HOC).
"intelicrypt.com This domain is reserved with TierraNet. Website is coming soon." http://www.intelicrypt.com/ Thanks YS, A good find. TGL directors incorporated Intelicrypt Tactical Solutions Ltd. in January, and this looks like it will be its website. The "com" domain indicates an international nature. The directors here are doing all the right things: minimising costs and focussing on sales, having already upgraded the business's infrastructure last year. With a low cost base and an existing seven figure turnover, much of it recurring, it shouldn't take many new sales to start ramping up a very nice level of profitability here. Regarding a future P/E ratio: any thoughts on a NASDAQ 'relisting' rather than AIM, in view of the company's North American links? The valuations there for these sorts of companies can be mouth-watering.
hey folks still here and still positive. anyone had their share certs sent yet? new website must be imminent http://www.intelicrypt.com/ when they re-list they will surely make it so they come back a far larger entity. With Clarity on every aspect of the business which is growing fast in one of the hottest sectors out thdre. A 15 p/E on a conservative £800k net profit would be £12m mk cap.
What story would only have just started then HH? You mean if they had re-listed? Yes, the story would have been interesting if they had actually come back to market with a set of accounts and something interesting to say, but they didnt did they. I have to admit that personally I cant see anything special here anymore, this company is not CQCL, read the write ups on the Feb meeting please, I never saw anything that could be described as a noteworthy story. Can I add that I sincerely hope that I am proved wrong longer term though. Of course I would have sold some shares if we had come back at a premium, I keep trying to tell you that I am overweight in this share and it does not seem to register, maybe a third of my holding. Sorry but your making this share sound like its something sacred, where you are damned if you dont hold until they are taken over one day. And come on, how do you know that we will be taken over, your making it sound like theres a good chance of this happening, crystal ball? As for HOC, well it is still trading at least, and it never went down 99% of its launch price, all of the PM sector has struggled of late, surely you know that. Can I ask you why is it that you keep coming back to HOC, all that I said was that I wanted to buy some but my Uk shares pot had no cash in it, its not complicated, nothing subliminal and I am not the sort of person to be trying to trip you up in any way, I mean who cares what the history of HOC shares is since its launch, really. And I certainly never compared HOC with TGL, chalk and cheese. Coming back to TGL a minute, well of course you would have made a profit if you were lucky enough to have bought in after the 99% drop in the share price, its not easy to buy right at the bottom though is it? And you have to sell the shares in order to realise a profit of course. But which commandment would that be breaking then, thy shalt not sell thy TGL shares?
With regard to the removal of TGL from people's ISA's, the news last month that the ISA allowance next year will increase to £20,000 should help: http://www.moneysavingexpert.com/news/savings/2016/03/budget-2016-cash-isa-allowance-up-to-20000-in-2017-
SD, You're misquoting me. I said "relatively short-term", not short-term per se. GOS systems was only acquired by TGL in November 2014, and you've admitted that you wanted to sell as soon as it emerged from suspension, when the story would only have just been getting started. In contrast, many long-termers will probably be waiting for the company to eventually be taken over. Since TGL exited its gold-mining activities two years ago, at Easter 2014, TGL has approximately doubled from its low of 0.27p, which shows the success of the new strategy. In contract, HOC is down over the same period, even after its recent trebling. HOC in fact floated in 2006 at 350p, and was a FTSE 250 member, but had fallen to just 40p by early this year. That is more of a fiasco than a penny mining stock disappointing, because with those high-risk goes with the territory.
Of course I wanted to sell some shares in this company, I have held here since late 2011, I have stated a few times that my 1st tranche of shares was at 22p, when they were turning up fantastic gold grades in Columbia, complete disaster that turned out to be of course. I thought in for a penny, in for a pound and I averaged down considerably in the expectation that the GOS business might turn into their real "little gold mine". So after 5 years of holding TGL you classify me as a short term trader, wish I was since I could have sold the shares that I held on the spike in sept 2014 for over 1p. So how long do you have to hold a share then HH to qualify as a long term holder would you say, can a long term shareholder ever sell any shares then, or does that suddenly turn him into a short term trader? I would love to know. A list a while back showing the worst performing shares in the UK market had TGL in top spot, down 99%, of course I am sick and tired with this share I would be a total maniac if I said that I was a happy bunny! As far as my investment strategy is concerned, well I have pots for shares, land, residential property, endowments, ISAs, all doing pretty well, I do not just invest in the UK. But If my UK share pot of available cash is empty thats it, I do not take money from the other pots, it is a very strict rule of mine. This de-listing may turn out ok one day for long suffering holders, I repeat that I hope it does come good, but until it does I very much doubt that I will be buying many UK shares since a very large chunk of the portfolio is invested here where I cannot release any funds of course.
" ... and of course remind me once again about how rock solid this company is, how safe my money ... " SD, Will you please stop making up lies about my posting; you discredit yourself when you do so. Apparently you can't adequately debate what I am saying, so have to invent stuff that I'm not saying. No company or share is guaranteed, and my view of TGL is primarily that its undervalued at the suspension and delisting price of 0.525p: which is significantly less than its last placing nearly a year ago at 0.6p, since when the company has made good progress. There's no fiasco at all: simply a relatively short-term trader who doesn't like being forced to be a longer-term holder. One who is now trying to look wise in hindsight about another share that they could have bought, but chose not to do so. You would come across better if you took responsibility for your own investment decisions, and stopped blaming others. Do you have any useful research to post about the tech security sector, or about shares that have delisted for 'non-business' reasons?
You fail to mention HH that HOC have a Market Cap of £645m (sterling), yes they have reduced debt and have you noticed how much gold and silver they are producing and brokers targets? They are in fact up another 11.35% today to 127.5 so someone must be liking them? Anyway this is not the HOC board so enough of that. I can just say that I have no spare funds to put into shares after this fiasco, the monies I do have set aside are for other commitments and investments at the moment, but my shares pot is unfortunately empty. I wont say what these investments are since you will most likely pick holes in them too and of course remind me once again about how rock solid this company is, how safe my money is and of course that I should be thanking my lucky stars. Come to think of it, I can also remember a company that came back to market at a decent premium back in the 1950s, think it was de-listed during the war, forget the company name right now but it will come to me in time.
I also note this from HOC's 9 March 2016 full-year results: “Net debt of $350.5 million as at 31 December 2015 (30 June 2015: $455.6 million)” Rather ironic that SD should claim and complain about TGL supposedly being short of cash, when TGL actually has no net debt, and instead favour a company with net debt of hundreds of millions!
Please note that I missed out the words "other than" in the post below, i.e. : "We know that many mining companies have gone bust recently, and that makes many such shares a gamble even at or near all-time lows. In that context, it's not really sensible to view them as other than a small punt at best. Gamblers always lose eventually."
SD, As I posted here on 6th. January, businesses that delist can relist later at a much higher share price. A good example is Direct Network Publishing, which delisted from OFEX in the late 1990s, spent a short period unlisted, and then relisted in a different form at about ten times its share price at delisting. I.e. the holdings of shareholders at the time of the delisting became worth ten times as much at the relisting. "Durlacher a scout for the scary sector Tuesday 20 April 1999 00.58 BST ... Direct Network Publishing. This internet publishing house was listed on the Ofex exchange, but was delisted after buying a telecommuncations company. Plans for a float on a much more substantial market stage, Nasdaq, say, seem to be afoot, and the eventual price tag is likely to shock traditionally minded investors. ..." http://www.theguardian.com/business/1999/apr/20/13 "The year long love affair Martin Turner is FD at 365 Corporation, an Internet and telecoms company that emphasises its year round commitment to surfers' passions in its name. At £400m market cap, that's a whole lot of love. 29 Mar 2000 ... in 1999. That day was 2 December, when 365 shares first traded on the London Stock Exchange after moving up from Ofex ... the merger between the telecoms business and 365 (then known as Direct Network Publishing) a year ago ..." http://www.financialdirector.co.uk/financial-director/opinion/1743379/the-love-affair I would add that it seems to be human nature for many investors to focus on the rising shares that they didn't buy, rather than on the falling shares that they didn't buy. We know that many mining companies have gone bust recently, and that makes many such shares a gamble even at or near all-time lows. In that context, it's not really sensible to view them as a small punt at best. Gamblers always lose eventually. But if you really felt that HOC was worth a punt recently, as opposed to earlier, I find it hard to believe that you couldn't have got a few hundred pounds from somewhere.
Yes a fair post there from you cc, you could be right there. My plan though from last year was to invest into a 2 or 3 undervalued PM miners in early 2016, I had picked out AAZ and HOC a while ago, but I just went too heavy into TGL thinking that they would have come back to market by the end of the suspension, it was fantasy land you might say, and I simply have no spare funds available. (I mentioned this before on here but many of my posts have been deleted for some reason by admin). My fault of course and nowhere near the outcome I had hoped for, I am now trying to be more realistic in my views. I agree that things could still come good in the end, its just that a high risk share is now a very high risk gamble where I have zero control. There are lots and lots of de-listed companies around where the business is still ticking along and paying the wages, but do you ever hear about them making a big come back to market, rarely. I certainly wish I had HHs super steadfast confidence, although I think I will have to wait for the company to make some positive announcements, updates with figures, accounts, etc, before I can even start to feel positive about this lot again.
SD, I know what your saying but you can't be sure you would have pulled the trigger, it's easy to say you missed a rise with hindsight. However, what you could not do is buy into this story now even if you wanted to! Yes we don't have a lot to go on yet to speculate if the story will have a good or bad ending, however it's quite cool to be in, IMO. This is what I remind myself of: the unfolding cqcl story, our right to buy shares in it, the fact it got backing for US50m, that there is a link of Mr khan and the prof, the prof and khan's credentials, that gos has kept all its clients, the exclusive encryption rights, the bonus business smart desk systems. It may take time but I have a secret feeling people may say in a year or so, "you lucky people that you managed to be invested in Intelycrypt, how did you manage it?" 1. Bit of luck we were in a gold mine that was chosen for the vehicle, and 2. Skills when we all bought more on some very interesting signs. Dyor, gla