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It would good to doorstep Taylor & Russo with some of the facts on the Chillbrandswatch website, and any other facts you can dig up. They seem to have a fair bit of dirty washing.
RKB, you’re welcome.
Thank you Bellers.
I spoke yesterday evening to one of the proposed Directors. Had a very good conversation.
Trevor Taylor & Antonio Russo may not be aware of the research that I carry out on the Companies that I am invested in.
Posters who know me will confirm that in 2017 I travelled to Northern Italy to clarify listed assets and to view them and ascertain that what was detailed in RNS’s & Annual Reports was correct.
With another Company I attended their AGM in Guernsey and put difficult questions to the BoD. The next year they moved the AGM to Switzerland.
I am toying with going to the USA to do some digging on Trevor Taylor & Antonio Russo (you never know what skeletons they may have from their past)
RKB
RKBeekeepe
I do not see these events as linear, live events unfolding in front of our eyes as we move forward in our lives - but I have come to see them as planned and orchestrated events, that are fed to their Investors as if happening live, and really we are just getting episodes of the catch up TV, a version version of events that have been planned and discussed for months.
You know as well as I, that this, just as a wrestling match is most likely already fixed, and been planned for months , risk assessed and whatever happens , ultimately the PIs and innocents will pay the price, literally.
There are some very wealthy, connected, some may say untrustworthy characters in and around the inner circle here, and unfortunately with mutiny taking place on the deck of the good ship Chill, has Callum now gagged, sitting on top of the PIs wealth in the ships brig and under investigation for what ????, its unknown - but you can bet its going to be substantial, as this allegation on Callum needs to be so, to keep him down in the hold , gagged. so he is unable to be involved in the main fight on the top deck .
This is a strategically planned mutiny and I would not trust any of the players involved here to be honest, and as far as Callum goes he seems the most decent , hardworking and honest but do not underestimate the allegations, and how long it can take to investigate, and there is always the possibility that there is some substance to them that we know nothing about.
RKB, message left.
The General Meeting
When the Resolutions are put to the shareholders present at the GM it is either going to be a poll on the show of hands or number of votes cast.
The Directors present (four of five if Callum is present)
We must assume that Johnathan Swan will be attending the GM but if only two or three ordinary shareholders are present then the Chairman may demand a show of hands (assuming that the Directors present were to vote against the Resolutions)
Johnathan Swan can demand a poll as he has more than 10% of the shares (he has 13.45%) as at last disclosure.
If say 15 ordinary shareholders are present and the Board and associates (Broker, PR & Financial Advisors) have less than the number of ordinary shareholders present then a show of hands would win (assuming that the ordinary shareholders present were to vote in favour of the Resolutions)
If Callum is not the Chairman of the General Meeting then in the above situation the Chairman may want to try their luck and go for a poll.
In my experience about 30% of shareholders vote on Resolutions. At the last years AGM 27.4% of shareholders voted (there were only about 287.6 million shares in issue)
We now have just over 506 million shares and if we assume that 50% of all shareholders vote, that will mean about 253 million shares could be cast for or against the resolutions.
For Johnathan Swan to succeed he would need to ensure that he has the votes of about 126,500,000. As JS has disclosed 68 million shares then he would need the support of about 58,500,000 and I am confident that he has more than sufficient support to have his Resolutions pass.
The flip side would be what sort of support do Trevor Taylor & Antonio Russo have?
We know the above two Directors have disclosed 6,950,000 shares each total or 13.9 million.
Ox Distributing LLC (really Eric) have disclosed 42,739,994 but we do not know how Eric will vote. Eric’s position will become untenable if Johnathan Swan wins.
Let’s see what happens if Eric votes with Trevor Taylor & Antonio Russo. Their combined shareholdings would be about 56,639,994 and Johnathan Swan has 68 million, so JS is already winning by over 11 million.
Therefore Trevor Taylor & Antonio Russo need the support of 11 million shares approximately to be in with a chance of surviving but as we all know they are on the losing side.
If Eric was to think and vote wisely, he would vote with JS.
RKB
PS Can a member of the Telegram Group ask Johnathan Swan to contact me on Twitter as I have information (not inside information) that he may not be aware of on a member of the Board.
Rules of Engagement
When the General Meeting is held there is a process for engaging with the Board of Directors.
A Chairman presides at every GM and if they are not present then the “Deputy Chairman” (if any) of the Board shall preside (see Articles of Association page 23 Rule 46)
As an Ordinary shareholder you are entitled to speak but first you must request to speak and then be invited by the Chairman “to speak”. You are not permitted to just stand up and speak, the Chairman will invite you to speak and then you can have your say.
There is a possibility that the number of Ordinary Shareholders who whish to attend will be large (more than 100) so the venue will have to have the capacity to accommodate a large group.
Many Ordinary Shareholders will hold their shares via a platform and within a Nominee Account.
As soon as the Resolutions are published and if you are going to attend in Person, you need to have your shareholding(s) verified by your Broker (platform) You will also need to have a valid photographic ID.
RKB
Is clear Taylor & Russo need to be removed for the share price to stop falling. Once they are removed and Callum is reinstated I am sure we will see a bounce.
Enrichment - Some might use another description.... Vote them out ASAP, get Callum back in, make a statement about the direction of the company, and shift from disposables PDQ. Thats the only way the price will go up in the current climate, and even then it's going to take a long time to recover to where I need it to be. Hope it recovers sufficiently before one of the big boys comes in and buys it outright as part of a portfolio to shift away from reliance on tobacco.
Tradewiz you are right to highlight that. It seems Taylor & Russo are just in it to enrich themselves regardless of Company performance. In Sep ‘21 they awarded themselves 2.1% (in today’s post diluted terms) of the company in recompense for arranging a capital injection. Some reward for a few phone calls. This hands in the till attitude must be stopped or the company’s reputation will suffer further.
Lyonsden, click on the link in the previous post, scroll to the bottom and click on the Telegram sticker.
This extract for the chillbrandswatch website is particularly interesting "the duo has raked in a whopping £2,299,046 in compensation for the three years from 1 April 2020 to 31 March 2023, a hefty sum that stands in stark contrast to the company’s colossal losses of £14,849,695 over the same period". Basically exacerbates how badly we need to vote them out at the next GM.
How does someone join the telegram group?
Just seen on ADVFN that shareholders have set up an action group: www.chillbrandswatch.com
Lyonsden, I hope this occurs. Investors are all hoping that things will be corrected so that Callum is reinstated ASAP and trust in the stock is reinstalled
Correct Lyonsden. The sooner this matter is put to bed the quicker the SP will recover
Arrange the GM, let the GM take place, vote out the directors, reinstate Callum. Seems simple to me. Unless the current directors can halt the GM, they are out.
Lysonden i like your enthusiasm however i fear that it won't be so simple!
No chance he’s going anywhere. The plan is clear. GM called, directors voted out, Callum reinstated, increase in share price.
I seriously doubt anyone will be willing to employ him whilst he's under investigation so I don't think he'll be leaving. He could when it's over and he's found innocent.
I’m worried that Callum may go and seek employment elsewhere the longer this farce goes on. Or a competitor snaps him up. Headhunters will be aware of his availability.
None of that is happening. It's all pretty simple i'd say. US is poor and has been for years - JS has been funding the company and is fed up with how useless the US side as Callum pushes the UK forward at breakneck speed.
The US side and shareholding of the BOD has meant no one could do much about them sitting on their asses getting paid for it. Looks like JS has had enough and now after sticking in millions and having a majority shareholding he has decided to make some moves to streamline the company for the better for all shareholders! Won't be long and the US guys who have wasted millions and millions of shareholder cash will be removed! I'm happy to buy, hold and vote them out!
What are the chances of price suppression for a takeover or taking it private? The news for removal of CEO and suspension at a time when the price was recovering....does that constitute of share manipulation? UK gov ban on purchase of cigarettes for younger generation wouldn't that make Chll a bargain for big Tobacco company which now they need to look at other way to hook up these ppl with?! Only time would tell I guess...
Whilst I’m at it. What heavyweight CEO would be attracted to work at Chill? Nowt. Knowing that you’re just a puppet for Russo & Taylor & Co with the threat of being ousted at anytime if you don’t toe the line. Unless we get Callum back this share is done for. I am very worried that my holding will be worthless