I received the same mail shot as you it seems. On receipt of the update and offer to participate in the pre-ipo, I emailed Brian Fox at Mybetting to query the validity of the shares I hold in The Betting Service and the current position re Worldlink. He got straight back to me to confirm that the shares I hold in The Betting Service will be tradable when My Club Betting launches. In the info pack, the company stated that shares would be priced at around £6.34 on launch-these were being offered to Worldlink shareholders at half that amount. He went on to confirm that Worldlink is currently suspended pending the outcome of the patent dispute being heard in the US. He said he anticipated that WGP would relist on the main market if it won the patent appeal case. I had written off these shares completely and of course this may ultimately be the case, but it appears there may be opportunities to get some money back at some stage. Presumably, we will next be informed about the My Betting Club ipo launch and clearly this is worth keeping an eye on. GLA.
My club betting is the main Sponsor for COPA America football tournament quite a major advertising coup. This must be a positive move just wonder when on earth are we going to get floatation so we can trade our shares
I have a piece of paper from Herr Riches - and he says he wants as many WGP shareholders as possible to read it. I copy it below and leave the interpretation to you!
Although I can't use the link he provides in his text, rumour has it that the patent case(s) in the US seem to be proceeding rather well, and the sums involved are very large. Whilst I will not be holding my breath, I am not treating my investment as a complete write off yet.
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Over the past few years the directors of Worldlink Group plc have been working hard to give a return to investors and shareholders alike, who were good enough to acquire shares in the company. Many factors affected the introduction of the Group onto the London Stock Exchange in 2011, and many of you are probably wondering what has happened since. Worldlink is still listed but suspended. The reason for this is because the patent that you invested in then is now being litigated - and eventually licensed - in the United States if the current actions are successful. Assets – both technology and intellectual property – were acquired by My Club Betting.com Limited (formerly The Betting Service Limited and now referred to as My Club Betting).
My Club Betting gave 20% of its issued share capital to individual Worldlink shareholders, and also 20% of the expected net patent revenues to Worldlink. For every ninety three (93) shares that you held in Worldlink you received one (1) share in My Club Betting (formerly The Betting Service Limited). These should have been sent to you or your nominee. The patent was assigned to a company called Quest - who you were probably aware of. My Club Betting receives circa 25% of the net patent revenues from Quest (so 20% My Club Betting and 5% Worldlink).
Moving on from the past I would now like to let you know about some of the exciting events that are happening right now. First, take a look at the My Club Betting website - hxxp://myclubbetting.com/ and the attached press release in regard to Club Website. This has just been released. In relation to the patent please take a look at the news just out from the United States http://www.slideshare.net/slideshow/embed_code/46740294.
The above are just small pieces of news of what is going on at My Club Betting. There is so much more going on. I thanked you for being a shareholder of Worldlink and am now thanking you for being a shareholder of My Club Betting too. If you have not received your shares please let us know. If you know of any other shareholders please give them the news and ask them to contact us.
Somebody will shortly be calling you to discuss your position.
Regards, Neil Riches Group Director – My Club Group MyClubBetting.com Limited M: 07736 670055 O: 01883 332652 W: www.myclubbetting.com
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