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That was my gut reaction in my orginal post but as Yellow snow points out there was no need to be a director of TGL with it being closed down. Franz is a director of Intelycrypt so all good on that front. https://beta.companieshouse.gov.uk/company/09935301/officers
If Franz has also left then I have lost all hope.....
Ah good point re Franz, yes I was wondering if it is not a clear picture of what is going on with GOS gong accross to ITS.
TGL services ASSETS are being transfered to ITS as per the shareholder circular. All assets from TGL will go into ITS and Share Certs in ITS will be issued to shareholders. TGL only needs a company secretary during the changeover. Maybe we should demand a shareholders meeting. an EGM if the directors don't send out our certificates.
Thanks for posting that. What doesn't seem right is the fact under GOS it states 'Nature of Business: Dormant' That is clearly not the case as they are recruiting as we have seen. Don't get these accounts, unless it really was dormant up until 31 December 2015.
I've 10K shares in this, broker is IB, do I just forget or need to send infor somewhere for new certs?
Someone on ADVFN has just posted TGL recently published accounts. https://beta.companieshouse.gov.uk/company/09293520/filing-history Makes pretty depressing reading. Also Franz has stepped down as a director. Where do we go from here? A market CAP of £4m now looking very generous. Campo take on things looks more in line with things than Sons of Gwalia's. What is the number people use to get Trevor Wells on.
Thanks for that feedback Campo. It seems pretty consistent with the feedback from SonsofGwalia a couple of months ago, as per this 29th. July post: "Received share certificates from Canada. Emailed the company on the 23rd July asking for shareholder updates . No reply so phoned Trevor Wells on 0203 301 9331 . We will be getting our new share certificates soon in Intelicrypt Tactical Solutions Ltd . He sounded positive and up beat about the companies future . They want to build GOS into something very substantial with critical mass before coming back to the market. Talked about GOS IMSI boxes technology. They have to be careful of competitors in the market place so could not say much more. After speaking to him I wish I could buy more" And with Touchstone's 19th. January circular: " ... NewCo will not be a reporting issuer in Canada and its shares will not be listed on any stock exchange or admitted for trading in any stock market although it is NewCo’s intention to seek a listing in the medium term, subject to, among other things, the development of the GOS Business and market conditions. ... Following the Distribution, it is intended for NewCo to be developed as a mid-market international homeland security group providing leading edge intelligence gathering and secure communications products, solutions and services tailored to meet the needs of law enforcement and security agencies around the world. The directors of NewCo intend to focus primarily on organic growth. The directors will, however, consider acquisitions and joint ventures as an alternative to, or alongside, organic growth where they view them to be value enhancing, and where they add required technical capability or provide access to new markets. …"
They may be positive about the prospects of the business, but are wanting to build it organically before coming back to the market, maybe with acquisitions. He mentioned critical mass and for the shareholders that means a long wait sadly. Give him a ring, he's very open and tells it as it is.
So many conflicting messages in the last month or two. Has anyone else been in touch with trevor then to confirm what campo posted? Not long ago someone posted that the company was doing really well and the convo was exceptionally positive.
that's odd. He was very upbeat last time someone spoke to him. said share certificates would be on their way in v near future. they're all shareholders too. wouldn't make sense for them to stay de-listted. khan owns 10%
I spoke to Trevor Wells last week, seems we have a very long wait possibly years for ITS to come back to the market. I doubt we will ever get back but hopefully I'm wrong.
anyone been intouch with the guys at TGL? wells has made a mistake it seems share certs HE said were due to be sent out a month ago anyone got there's? in intelicrypt
"This Week 31 August 2016 Revealed: Google’s plan for quantum computer supremacy The field of quantum computing is undergoing a rapid shake-up, and engineers at Google have quietly set out a plan to dominate By Jacob Aron SOMEWHERE in California, Google is building a device that will usher in a new era for computing. It’s a quantum computer, the largest ever made, designed to prove once and for all that machines exploiting exotic physics can outperform the world’s top supercomputers. And New Scientist has learned it could be ready sooner than anyone expected – perhaps even by the end of next year. ... " https://www.newscientist.com/article/mg23130894-000-revealed-googles-plan-for-quantum-computer-supremacy/
"TEN: 1.125p, market cap. £1.21M." Please note the above amendment, with apologies: first £ sign removed.
TEN: £1.125p, market cap. £1.21M. 29/07/2016 07:00 UKREG Tengri Resources Final Results “… leaving the Company as a clean cash shell that can now explore other opportunities that could restore shareholder value. …” http://uk.advfn.com/stock-market/london/tengri-TEN/share-news/Tengri-Resources-Final-Results/72084172 TEN needs an acquisition, and ITS & CQCL could benefit from a listing ... Frustrated investors are crying out for an opportunity to invest in a listed quantum computing stock: GOS Systems and CQCL should combine under the ITS umbrella to help satisfy their longings ...
GOS Systems have already booked their attendance at next year's Security & Policing event, on 07-09 March 2017: "SECURITY & POLICING HOME OFFICE EVENT 2017 2017 EXHIBITOR LIST" "GOS Systems Stand B33 GOS Systems is a leading specialist in the provision of Secure Communications and Tactical Intelligence Gathering capabilities for law enforcement, homeland security and government agencies around the world. Address 32 St. James’s StreetLondonSW1A 1HDUnited Kingdom Telephone +44 (0)20 3190 6600 Website www.gos-systems.com" http://www.securityandpolicing.co.uk/exhibitors/exhibitors-list-2017/ 121 exhibitors have booked so far, of the 400+ companies expected to attend, so GOS are relatively early. "Security & Policing is the UK’s only secure event for police, law enforcement and security professionals tasked with security, civil protection and National Resilience. With over 400 companies exhibiting, this UK Government event is the largest of its kind in the UK and provides a platform for showcasing world leading technologies, products and solutions to police services, government departments, organisations and agencies from the UK and overseas. With over a 30 year history and a global influence, this UK Government event has grown to be a corner-stone of the security calendar, bringing together international professionals and experts from Government, law enforcement, police services, CNI and Industry in a crucible of shared knowledge and experience. Originating from the Home Office and delivered from within the event, the free-to-attend Industry Briefing Programme provides a platform for senior Government and security officials to host a series of workshops and briefings, providing insight, depth and clarity on key areas of Government planning, as well as information on current and future programmes. Held annually at Farnborough International Exhibition and Conference Centre, Hampshire, Security & Policing provides an environment structured to deliver the value and benefit to professionals from all areas within the security industry." http://www.securityandpolicing.co.uk/about/
From the GOS Systems Investor Presentation March 2015: "Research and Development DIAL Intelligence Gathering ... • Over £2 million invested to date ... I•L Safe Communications ... • Over £2 million invested - proven market need ... " http://www.touchstonegold.com/s/Presentations.asp The sum of over £4M. R&D that has been invested into GOS’s intellectual property is greater than TGL’s market cap. at its suspension price of 0.525p.
Thanks for the feedback SOG, v interesting. There's a huge market for what GOS sells, and as we know their customer base is v impressive. Found this interesting, this danish surveillance company was bought by BAE for ££127m! : - ---------------------Mass interception capabilities are advertised by several surveillance companies in attendance at Security & Policing, including UK-based GOS Systems, which advertises its “mass interception” capability, and iPS, which advertises a “system designed to acquire information from multiple service and network providers using passive, in-line or tactical probes” along with “deep packet inspection” technology used to filter the captured data. The intelligence unit of defense contractor BAE Systems will also be exhibiting. In 2011, BAE bought a Danish surveillance company ETI for £127 million, a company which advertises how its interception solution “can be used in high-speed access lines, international gateways, and sea cables.” --------------------
Thanks for the update.
Thanks for that helpful update SG. GOS Systems is already a very valuable asset, and ITS itself should be a very strong performer when it returns to the stockmarket. I like the way that they're being cautious before making any further acquisition to the purchase of GOS in November 2014, so that they can be certain of quality and value, and don't overstretch themselves. And the icing on the cake is the strong link with (and minority stake in) Cambridge Quantum Computing Ltd.
Well done SoG thats the best post I have seen on here in a very long time...
Received share certificates from Canada. Emailed the company on the 23rd July asking for shareholder updates . No reply so phoned Trevor Wells on 0203 301 9331 . We will be getting our new share certificates soon in Intelicrypt Tactical Solutions Ltd . He sounded positive and up beat about the companies future . They want to build GOS into something very substantial with critical mass before coming back to the market. Talked about GOS IMSI boxes technology. They have to be careful of competitors in the market place so could not say much more. After speaking to him I wish I could buy more
Interesting progress being reported from other TGL boards: 1. Godolphin on ADVFN is reporting that TGL's 3071 shares in Cambridge Quantum Computing Ltd. have been transferred to Intelicrypt Tactical Solutions Ltd. 2. Whitelabel on iii is reporting that his TGL shares have been removed from his ISA, and he's received a share certificate through the post from Computershare in Canada. Looks like our new shares in ITS are imminent!
On the contrary SD, since TGL was refinanced as a shell in April 2014, at 0.275p per share, the s.p. has doubled, and TGL has delivered a quality acquisition in double quick time, and at a bargain price. That's a lot better than the majority of shells over the same period. And since the acquisition of GOS Systems it has made impressive progress, with investment into its infrastructure and a series of deals. I don't really see the point in continually going back over the old gold days, but there was actually a great deal of development, which sadly was wasted due to the sector imploding. £1M. of turnover is recognised as being a major milestone for small companies, so is not to be sniffed at, especially when the quality of the revenues is very high, as in this case: i.e. about £0.5M. of recurring revenues p.a., and very high margins. There's a wise business saying that: "Turnover is vanity, profit is sanity". GOS Systems should be able to generate more profit from £2M. of turnover than many companies do from £20M. It's the sales going forward that are most important, i.e. 2016 and onwards, and there's every reason to be optimistic, despite your public undermining of the company. But you think the shares MUST be worthless, because your stockbroker doesn't show a value for delisted shares, so I wouldn't expect you to appreciate the quality here.