focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Now there’s a STORY
Hyperion has a court action with A and T
Hyperion owned by story and sons inc
Hyperion is a finance company
A and T s shares bought I believe at a much higher Mrkt price than today and probably not with their money but Story’s hence the court proceedings.
I would suspect RKB is not far from the truth
As always RKB provides good thought provoking analysis!!! Agree Callum back asap good going forward!!!
Interesting RKB.
Also in the RNS dated 28th October 2020 it mentions that 5,775,000 options have initially been returned to the "Option pool" due to the Option holders leaving the company. It does go on to say that these Options were redistributed to T & A.
I know that they have also been granted many more Options, the last i think was in the RNS dated 11/09/23.
Cant wait for T & A Options to be returned to the "Option pool" in the not too distant ;-)
Excellent research Mr Beekeeper
Fabulous research RKB. Hopefully this fiasco will be over shortly and Callum returns to continue his good work in making this a great business for all of us.
Good afternoon,
Another great,informative post from RKB.
Hopefully this debacle will be over shortly unless the 2 c..boys decide to see sense and jump before they are pushed.
RKB your past professional working days in the city have certainly helped many to understand the behind the scenes workings that normal people find it hard to grasp that a few companies are infested with a certain type of human being that could never walk in Callum’s shoes and be honourable and open which he’s shown since he first step in.
The sooner they are gone the better.
Wow how did Callum keep us afloat. Thank you rkb for your in depth insites and research.
Do they own their shares?
Do Trevor & Antonio really own their shares? The reason why I ask this question is because I believe they do not.
Anyone who attends the General Meeting can ask to see the Shareholder Register.
If a Director has “pledged” their shares as security for a loan, then they may technically own them but will they be able to vote them?
We all know that John Story invested a few years ago when we had both the Americans as Joint CEO’s Our share price hit I think £1.08p and John Story exited at various prices substantially more than the current price (there was also Spreadex) and there was an RNS on 7th Feb 2022 to say that J Story held less than 4.09% (because that what he said he held in previous TR1 and he could have had 0% because he did not have to TR1 because he was already below the notifiable threshold of 5%)
John Story would have received information from our joint CEO’s before he invested and it could be that even though J Story invested he did not agree with what he was told. He may have been told a lot of guff. So J Story after doing his own due diligence decides he can use the information he was given along with what he researched and decided to “Short” the shares along with divesting at the £0.80p’s or even more.
Where it becomes interesting in my view is that Trevor & Antonio bought some shares see RNS 28th October 2020
Their share purchases were from an existing shareholder (secret it was J Story) and the agreed price was £0.39p so they each “owed” J Story £195,000
Now if you have been following the Chill Brands Supporters Group, and utilized the links provided (re Court Case in London & The Companies House company for J Story) you may form the same opinion that I have, in that Trevor & Antonio owe J Story £195,000 each and interest (its 10%) or about £20,000 a year. So their debt is now around £265,000 each (about £70,000 interest plus original loan)
So they owe jointly about £530,000 and being kind their 500,000 shares are worth today about £25,000 (£12,500 each)
Now, is there a picture forming as to why Trevor & Antonio desperate to cling on? Is there a reason why our share price is around £0.025p today and not £0.39p?
After we have our new Directors in place, and Callum back in charge we will see a recovery in our share price in my opinion.
RKB
PS If I had 6,950,000 shares today, they would be worth about £173,750 and if I had a friend who had the same, then we would have shares worth about £347,500 and if I owed J Story about £530,000 would John just accept all our shares to cancel our indebtedness?
Looking forward to the next post RKB. Time to release it
S793 Companies Act
Antonio & Trevor are clutching at straws and issuing Section 793 Companies Act in an attempt at subverting the will of Ordinary Shareholders.
Normally I would not have issue with a S793 if used for the purpose it was intended for but I appears to me this is a last throw of the dice with our two Directors who are not wanted on our Board.
I do not think Antonio & Trevor have the brains to have thought about using S793’s (due to impairment of their brains with some of the stuff they have grown over the years)
I believe it is Fieldfisher who is behind this. We will one day find out who engaged “Investor Update”
On the “Investor Update” website it says “Together with our strategic partners Okapi Partners,
We advise our clients on their shareholder relationships, how to avoid conflict, and if conflict is inevitable, how to navigate to a positive result.”
“By combining Investor Update’s best-in-class Shareholder ID with the leading global Proxy Solicitation firm, our clients have the best opportunity to garner shareholder support when they need it.”
I have not included the link to Investor Update’s website because they have certain cookies that are placed on your device. Please beware they are not looking after Ordinary Shareholders interests.
On the Fieldfisher website, they have information about Section S793 Companies Act. I have only included the last paragraph.
“From a practical point of view, a Board will not normally send out anything other than a "normal" S 793 Notice unless it thinks the recipients are up to something subversive, but secret. The most probable timing for such a Notice will be when some controversial resolutions are pending. In that likely scenario, it is also very likely that the Board would not only like the recipients to be disenfranchised, but will have that as its predominant motive.
Read the last sentence again to understand why our two Americans are maybe using S793’s “Board would not only like the recipients to be disenfranchised, but will have that as its predominant motive.”
RKB
PS Trevor & Antonio you will not like my next Post, you had your chance to resign but you resort to engaging various professional firms to defend the undefendable and you are using shareholders funds.
I've also voted for all resolutions with my 2.1 million shares.
No letter received as yet.
Mine split btwn HL and LLOYDS....not a sniff of a letter from either !! They clearly wish to take this to the wire.....at the detriment to shareholders, the company, and Callum.
Posters on Telegram group are reporting problems resulting from arranging ogm to replace egm. Some are saying their brokers are now showing as not voted even though they had, so many voting again or concerned voting twice may invalidate their vote. Also, some have received letters from the BOD asking them to provide details of their holdings, on the basis that failure to do so will invalidate their votes. Talk about dirty tactics but it is all a bit concerning. I voted on HL but only after the revised meeting was put out and asked for and received an email from HL confirming my vote. On HL I had to vote twice as My holdings are split between ISA and other funds. Are others aware of that?
Getting weirder by the day. HL now have me as voted but if I click “vote here” it appears to infer that I haven’t voted on the 3rd party site that dealt with it. I’m not voting again until that gets clarified in case it voids the vote.
Bellers you could be right, given the timeframe it’s probably best to involve key players rather than every holding.
Nothing unusual here. A very short response window has been given. Clearly with a view of nullifying some of the vote for the resolution. Those with the letters need to respond immediately.
Having investigated this is fairly standard and we should all answer within the given timeframe
Nothing for me yet either. I wonder if it’s for people with fairly high holdings that will make a considerable difference to voting. On another note, the spread is tight today. When I looked a few minutes ago a dummy sell and a buy were only 0.06 pence apart. I wonder if we’re going to get wild fluctuations in the sp?
No letter received by me. Looking out for it just in case.
Please beware that chill is sending out letters quoting section 793 of the 2006 act to some shareholders asking for their amount of holdings and if you don’t comply your vote can be invalidated , this is how desperate they are ! If you get one just answer it truthfully and have proof you’ve sent it .
Open Letter to Antonio & Trevor
Have a look at Primorus Investments (PRIM)
On 9th September 2020 a shareholder with more than 5% submitted a letter requesting a General Meeting.
This GM was to remove the three existing Directors and replace them with three new Directors.
The person who submitted the Request for a General Meeting had 17.6% on 26th August 2020 and on the 18th of September 2020 they had 18.36%
We know JS has declared 13.45%
What happened at Primorus Investments was on 23rd September 2020 the letter of Requisition was withdrawn and three new Directors would be appointed (after due diligence) and the original three Directors would resign after the AGM.
I was actively involved in gathering support for the new Directors and if you have a spare 48 hours you could read all my Posts on their B.B.
I have spoken to numerous Chill Brand shareholders, and they all want change and both your resignations.
If you go-ahead with the General Meeting you will lose and the record of shareholder dissent will ensure that you will not be Directors and the GM.
There is a short window still available for you both to exit or face an uncertain future.
RKB
https://www.youtube.com/watch?v=1t8kAbUg4t4
“Yes there were times, I’m sure you knew when I bit of more than I could chew.”
How to get Rich
One way of becoming rich is to rob a bank (please do not rob a bank as there are laws that can potentially convict you and you most likely would go to prison)
I don’t believe actual “Bank Robbers” wake up one morning and decide to rob a bank.
They probably begin firstly by stealing the odd bottle of milk from a doorstep.
Then when they realise that there are no consequences, they steal a few sweeties from a newsagent.
Then as they realise that there are no consequences, they rob the cash-register of the newsagent and if they are lucky, they may get a few hundred £££.
Assuming they were not caught they become a bit more adventurous and rob a Post Office (because there is a lot more cash to steal than at a newsagents)
Finally, the “robbers” but really, they should be called “thieves” want more and more money and decide to rob Banks.
Unfortunately for Bank Robbers, they nearly always get caught.
In their milk stealing youth to their adult Bank Robbing days, they will have done other things in-between. Sometimes they settle “out of court” because they don’t want to do jail time, or they try to avoid having all their “ill gotten gains” confiscated. Sometimes they try to cause a diversion when they have a pending court case.
People in the above hypothetical situation will have trampled on many toes and done more than stealing milk.
RKB
PS The X-Files The truth is out there.
I remember being told that I must be an idiot if I don’t think the seeds were worth $1 each, apparently they were a commodity !
Was invested in days of HNR, still am !
Should have been called Trevor Antonio Resources, TAR !!!
Amazing what has been unearthed, and yet to be, dodgy seed deals, shares to seed staff, the disappearing hydrogen, etc...