The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
https://aaacap.com/wp-content/uploads/AAA-update-21-September-2022.pdf
https://www.techinasia.com/aaqua-swamped-layoffs-lawsuit-product-launch-delays
Not sure that much damage has been done, everything in limbo at the moment, not the time to be launching new products. Wait for positive signs. I suspect Candy, like the rest of us, was frustrated but saw the chance of picking up cheap assets.
Sounds like Candy could be on the hook here for a significant amount considering AAQUA has been torpedoed and reputation trashed.
He should have just invested and made sure the final product was delivered. Instead he’s lost in BOOM shares and surely going to be liable for £100m plus?
Taken from Advn. Wallace successfully secures the discharge of worldwide freezing orders for Aaqua Group Following a series of hearings in the Commercial Court during the past month, worldwide freezing injunctions were discharged over Wallace's clients Aaqua BV, Aaquaverse PTE Ltd and Robert Bonnier (together the "Aaqua Parties"). In late July 2022, the freezing orders were obtained on an ex parte basis by the Luxembourg investment outfit Candy Ventures SARL ("CVS"), which is 90% owned by the well-known businessman, Nick Candy. However, following an urgent application and three hearings held during the Court's vacation period, the freezing orders were discharged and CVS conceded that the orders had been wrongly granted and agreed to pay the Aaqua Parties' costs on the indemnity basis. The underlying claim against Aaquaverse was also struck out.An Inquiry will now be held into the damages caused by the WFOs. Mr Candy has been joined to the proceedings for the purpose of the Inquiry, so that the Aaqua parties may enforce any damages caused by the freezing orders pursuant to undertakings given by both CVS and Mr Candy personally.This was a hugely important outcome for the Aaqua Parties, whose reputation and business operations had been seriously prejudiced by the fact that the freezing orders had been wrongly granted.The Wallace team was led by Partner Oli Goldman with assistance from Senior Associates Josephine Mathew and Philip Blyghton. Stephen Robins KC (of South Square Chambers) and Hermione Williams (of New Square Chambers) were retained as Counsel.
Looking at the RNS - The Court verdict is irrelevant.
Drone. Im waiting for the courts verdict. Though if it was Apple, their MO is not to divulge product information to the market until its ready and launchable. If Aaqua was an App intended for their audiences consumption, and Aaqua somehow had an inroad. Would it not be covered by a Non Disclosure Agreement ? It could be argued that Aaqua was protecting their client, and equally that Candy as a shareholder was given access to confidential information. How do you know it wasn't Candy that was driving up the share price for his own benefit ? The think is no-one knows until we see hear the verdict.
No alternative argument matters.
The truth is that Apple was mentioned very much in the rumours spreading around. This was the likely reason for the spectacular rise in the AAA share price. I would have expected the directors of AAA at the time to come out and issue an announcement that they were not aware of any reasons for the substantial rise in the share price. Instead they let it ride and also sucked in a whole load of cash which I believe was was very quickly dispensed to AAQUA.
I suppose we are now left with the rumour that Sentiance is some kinda multi-billion company despite having I believe less than 30 staff and never making a profit!
We don't need an alternative argument...an alternative reality will do....and AAA is very good at that.
Have you ever considered that there is an alternative argument ? - let the judge/lawyers do their job. When alls done then is the time you can throw out your insults. See who's right. Unless you are using this forum as your sounding board to settle a personal agenda.
the saddest thing is the number of pi's that got sucked into this miserable affair and the innocent shares that got hijacked by this con artist.
i hope Candy nails the effer! the shame of it is we can't all get into a class action against him for the ramping of the share for Bonnier's exploitative endeavours. I'm half tempted to contact him to ask if he'd front a class action against Bonnier and AAquaverse and his chat room henchmen.
Candy probably looked at those Aaqua magic beans and could no longer ignore the smell and finally realised they were always just droppings from a quack.
Will Candy call 10M to see Bonniers Hand.. Gripping stuff
Let’s hope so. I’m over invested in Dev, Boom and AAA - need at least one to make it!
I’m assuming an asset freeze still enables the company to pay the staff??
AAA, Aaqua et al, are a team of 160+ strong workforce focused on the next generation social media app. Have they all been bluffed ? Well Candy, the largest shareholder in #BOOM also thought so to. In fact, he was so convinced that he traded some of his Shares in an underperforming #Boom for the promise of a new life with Aaqua. But lets face it when Aaqua got hold of #Boom they did something that no one else could, they managed to get the interest of takeovers ge up and going, this was something that Booms own management could never do. Aaqua rallied interest in everything they touched form #Boom, Dev, ASLR, AAA etc. Guess why ? Cos everyone wants to be part of the next best thing in the social media space. So that was the promise. Unfortunately, the winds of covid, an ailing economy and global problems have helped stalled the company development plan and coincidently unnerve the investors. However these same problems have also impacted the investors, from big to small. The very vocal Candy and the muffled PI. Everyones has a right to complain.It is easy to go on a witch hunt, and Candy is doing that as he could have over leveraged himself in many areas and now needs to settle the scores. But unlike the average PI he has the money to do so, though he will probably fail and be left with egg on his face. Now is not the time to pull the rug from under the feet of what you believed in just cos one rich man made a mistake in his other areas of investment. Now is the time to back up AAA and Aaqua and stop wishing your investment and your opportunity away.. for a change this is becoming a buy the news and sell the rumours saga.
AAA and Aaqua are finished
Fingers crossed. Got a fair chunk invested in AAA but the more i read about Candy, Bonnier and this lot, the less confident I am
mm. Thats disinformation. Candy was supposedly offered 100M Options at 50p in AAA. No doubt he didn't exercise, not an insignificant amount by all means, but not GBP120M. However given that offer expired last year, AAA possibly have other suitors lined up for an investment. All the while this frivolous case looms, just proves what a poor choice AAA made.
Just gone live in court. Robert Bonnier representing himself. Given Candy was investing £120m at 80p and not, this looks like an absolute sh^t show for all concerned unless it can settled out of court.
About some court case
Looking at the RNSs prior to the delisting there were a lot of Form 8.3s posted, what do these actually mean? I was just looking back on past events and couldn't figure out the significance of these, sorry if this has been discussed before.
Ever the optimist and been in this share way way too long, 5 years even before the days when AAA became Aaquas and Sentiances newest money men. Grimace the thought, the older suitors didn't fit the bill after the travelling salesman packed his bag soon after inviting Mesh, HGC, Monchichi to the party, leaving them all standing alone at the altar with their guests holding bucket loads of share confetti. I've always been told that the moment technology is introduced is the day its starts becoming obsolete. So 5 years ago when the idea was hatched and without a proof of concept, it does rightly appear that Aaqua and Sentiance have both been paddling upstream. The only news we are getting these days is speculatory from disastrous ego flexing members only bulletin boards, where anyones controversial point of view is crushed by the herd. Now the bombshell last weekend of Candy claiming fraud against Aaqua. Right or wrong, Candy was supposed to be a positive contributor to the plan, he's now become a veritable thorn in its side. So apart from more delays, whats next ? This share is becoming death by a thousand paper cuts.
Anyone know when this will relist? I've got ££££ tied up in this sucker and the lack of news now is beyond the pale!
The team is certainly not short of optimism.
More than a year ago AAQUA were talking about a soft launch in Asia but still no update
https://aaqua.live/wp-content/uploads/2021/04/AAQUA-People-April-2021.pdf
I use Hsbc ,they sent me a share certificate registered at investor centre in jersey ,logged on with my certificate number and they are held there ,my number of shares appeared and I can trade them when they relist .