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Going down again .0.14
When a shell company is rumoured to be planning a backdoor listing, its share price usually rises sharply in anticipation of a dramatic change in its fundamentals.Best wishes?
https://suite.endole.co.uk/insight/company/SC048970-knowe-properties-limited
Oh oh 5m buy move 10%
Big buy in?
"How are they going to recover the lost value over the past 5 n 3/5 years."
They're not going to, let's be honest.
I think the board of directors have ran into the wilderness as they refuse to face the questioning of 2? remaining investors.
Questions:
- Why is Rich Marin on the BOD when he has brought nothing of value, and 2 failed wheel investments.
- Why is the Mark still CEO of a company which has failed to bring value to investors in almost 6 years and lost 100% of its original IPO.
- Why has George Lucan randomly jumped on board a company on its last legs.
- Where is the news and the updates to investors to explain the new direction for the business, as they are clearly no longer the "Go To Guys" for big wheels.
- How are they going to recover the lost value over the past 5 n 3/5 years.
and your right londondan, they can't afford you as they don't seem to have the funds to hire at minimum wage.
Chal ......overvalued ? dan
"The new director has done nothing. Poor management ... ... I recommend Dan to join the Chal team"
They couldn't afford me.
News in today mr dan
The new director has done nothing. Poor management ... ... I recommend Dan to join the Chal team
It's irrelevant anyway. Challenger's stake in the failed NY Wheel project has been diluted in to oblivion. As we know, the company is in no position to be making further investments anywhere else.
The final payment from Dallas is due in just over a fortnight's time and I think there's a few thousand left from the failed Star Sanctum project still to come. After that, there's nothing left. No investments, no revenue streams.
You'd think the CEO would be eager to clarify the future direction of the company. And yet... nothing. What does he do all day?
Its 8 months into 2019, and not a single thing as happened. I doubt you'll get any statement from the company about this news. It would appear its all hot air at this point in time, kinda like the preivous news articles of the NYW.
https://www.silive.com/news/2019/08/sources-smaller-ny-wheel-plan-more-than-just-talk.html
That's my guess as well, but it'll be a little while before we know for sure.
I have decided to avoid any buy of shares here, the silence is clear here. Nobody knows whats going on and the company doesn't appear to provide any solid updates. Most likely insolvent to me.
A little bit. top up to help Chal
"There was supposed to be "US$26,375 to be received on 31 July 2019" I wonder how this went."
Like the rest of us, you'll just have to guess. The CEO is obviously too busy managing the company's sprawling portfolio of zero investments to bother updating investors on what he actually does all day.
Chal moving. Come on george
Does this company own any percentage of the car park? I know there is a NYW $3million liability loss due to the failed investment, though its so silent its hard to determine if anything is going now, insolvent looks like a possibility. There was supposed to be "US$26,375 to be received on 31 July 2019" I wonder how this went.
"When the Advance called the parking garage, a woman who answered the phone said, “Oh yeah, a lot of passengers are really upset about that,” referring to the price increase."
Tremendous.
Keep optimistic London dan
Jetski, always good to see you here. Thanks for copying and pasting a definition of a shell company.
Given that it refers to the SEC (the U.S. Securities & Exchange Commission), it seems that you've copied and pasted a definition which refers to the American market and is therefore completely irrelevant to this company. But bless you for trying.
companies. The listed shell company refers to a listed company without assets and liabilities, which has no business because of various reasons, but still maintains the identity and qualification of the listed company. Some shell companies are still trading in the market, some have not traded, but are a kind of shell companies.Shell companies can have no assets, no business, but do not have debt and legal proceedings, is the so-called "clean" shell, otherwise adverse to the acquisition of companies.
Shell companies must remain fully listed, including filing their financial and business status on time, as required by the SEC, or us regulators can disqualify them from listing.