"Marco Rubio urges American senate to secure 'special relationship' with Britain Ruth Sherlock, WASHINGTON 7 JULY 2016 • 8:29PM Marco Rubio, a former Republican presidential candidate, yesterday urged the US to secure the “special relationship” with Britain in a formal appeal to Congress. The draft resolution, shown to The Daily Telegraph, calls on President Barack Obama to show greater resolve in furthering America’s trade and defence ties with Britain in a post-Brexit era. …" http://www.telegraph.co.uk/news/2016/07/07/marco-rubio-urges-american-senate-to-secure-special-relationship/
Well we are now in July> still no share certificates, were due between the 25/4-25/5 (not that they would be worth anything) and no updates from Touchstones 25th Feb -Shareholders discussion docs. An appalling disregard for investors and does not bode well>
Good to hear Certificates will be issued soon. Also the plan from what i understand is to build Intelicrypt - and not purely focus on GOS, but to have companies that they can add value and sales through GOS but also build out on their own so to have more companies in the fold.
As he reminded custard, they are all shareholders too.
This is an extract from your last post, on 25th. May, concerning Jamie Ridealgh:
"So he would have left around Oct/Nov 2015 then? The writing must surely have been on the wall by then that we were going to lose out listing, I mean us small shareholders also thought that it would be plain sailing and that the team at TGL and Stanhill were professional enough to know what they were doing, shocking. If there was something worth staying on at TGL/GOS for I am sure that he would not have left after only 9 months."
It's a pity SD that you can't acknowledge the fact that he left amicably for family reasons.
In my opinion you're contributing nothing useful to this board.
You're supposed to be a shareholder here, but you only seem to be interested in posting negatively about it.
What is the point of constantly attacking and undermining your own company?
It's nice to have confirmation that Jamie Ridealgh left for perfectly benign reasons (contrary to what SD said earlier), and that the corporate restructuring is proceeding with only a slight delay.
It's also positive to learn what we have a stake in CQCL as high as about 3%.
Regarding the turnover figure: presumably it's the 2015 estimate; although we haven't seen TGL's 2014 results yet, that will include under two months of GOS Systems. The £1M. turnover figure is consistent with the expectations from the AGM in February, as reported then by singray105 on ADVFN. He said then that they were hoping to increase recurring income from about £400K. to say £600K., which might be enough to cover running costs, wages etc. And that the new product should generate at least ten sales this year at £100K. each and 80% margins.
The important thing to remember is that the quality of the turnover is here very high: i.e. lots of recurring revenue, and at great margins. On a low cost base (which is helped by being unlisted), even say £1.5M. of turnover could generate £hundreds of K. of profits. And at a generous tech rating, that could certainly justify a valuation well above the s.p. at suspension (i.e. 0.525p).
There' s no real reason to rush back to market, and plenty of reason not to, especially as the technology security sector is currently less highly rated than a year ago ... although in time that should change again.
Yes very slow progress, £1m turnover is nothing, How on earth was this company valued at close to £30m when the IPO failed a couple of years back, did they have higher turnover back then? If so then we have gone backwards in the last year or two.
Thanks Cheesy, although a bit disappointing we are still only generating circa £1m does not look like they are gaining much traction. Was your feeling overall of disappointment or did you get a better feel from the overall conversation.
Thanks again for the update, I was just,logging on to ask for the contact,number as I felt it was time to call myself. I don't mind not being listed ATM but would like to see progress, seems little made over a year.....
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