If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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.
Then I assume "someone" at head orifice will be making an unbiased statement, introducing said "as yet unknowns and their histories in vape sales" so we can vote on them. Last things we need are 2 clowns out, 2 clowns in....and Callum banging his head against the wall and departing...
This goes a lot deeper than most think ...
imo..
The 2 knowns are known for their complete mismanagement . The said unknowns will no doubt know how to RUN a fast moving packaged goods business
And replace with 2 unknowns ?!!!......
My biggest concern is that Russo and Taylor have no plan to align their interest with ours, as seen with the suspension of Callum.
As RKB mentions, we MUST be voting to remove them if we are to see positive change surrounding Chill Brands.
We need to rally at the upcoming AGM to ensure our voices are heard. As mentioned the £6 million loss from the poorly judged finance loan highlights the incompetence of Russo and Taylor prior to Callum Summerton's impactful leadership. Their mismanagement not only threatens our investment but also the future of Chilled Brands. Callum’s vision was bringing positive change, evident in the rising share price. His unwarranted suspension by Scott Thompson, influenced by Russo and Taylor, just shows the urgent need for change. Let’s push for transparency and better governance at the AGM, aiming to align leadership with our interests and the company’s potential.
As someone who doesn’t post a lot on here I hope the fact I am indicates how much support shareholders actually have for Callum, he’s making a ‘brand’ and an effective product/business from what was a pretty incoherent mess when he took over. RK &Bellers you both make a good point over the £6m cost re the finance loan, just incompetent behaviour…this is very frustrating to shareholders who were watching Callum’s vision coming together and the share price finally moving up too! Poor decisions that are clearly not about adding value! Let’s hope this is resolved quickly and Callum comes back….for all our sakes. :/
RKB, excellent posts. Callum gets my support and I have to say he gets the support of everyone I have spoken to that owns Chill shares. The quicker we get the GM the better. Let’s get the vote out of the way, see Callum back to work and carrying on with building the company.
This Years AGM (not GM)
Our Articles of Association (Page 40 Rule 71.1) “Retirement of Directors by Rotation”
“Each Director shall retire from office at the third annual general meeting after the annual general meeting (as the case may be) at which he was previously appointed.”
If Mr J Swan had not submitted his Requisition Letter last week, and had waited until this year’s AGM, then he could have voted then to not re-elect Taylor & Russo. (They were last appointed on 30th September 2021)
I don’t know why Mr J Swan could not wait another 6 months but because he moved last week dirty tricks are being played out by the instigators of the malicious regulatory concerns.
We can all speculate what the “Insider Information” could be but its ignorance by the instigators. Callum is an honourable CEO who has always had shareholders at the forefront of everything that he does.
There have been numerous Interviews, videos, tweets & RNS’s and I am 100% that Callum will be fully exonerated.
Taylor & Russo should realise it is Callum that turned around our Company and he has the vision, determination & stamina to ensure that Chill Brands is a successful Company under his Leadership.
I will be voting to remove Taylor & Russo because they are hiding something that they do not want ordinary shareholders to know.
Can any of the dozens of Trolls articulate anything of value enhancing that Taylor & Russo have done for Chill Brands?
RKB
PS One large value destruction that Joint CEO’s Taylor & Russo achieved was the silly financing agreement with LDA Capital. You will recall they put in place a £35 million facility over 36 months which was terminated only two months later at a cost of £6 million to us. Taylor & Russo should have been fired in my opinion for this fiasco and if they think they can continue to con ordinary shareholders they are not as clever as they think they are.
Let that sink in, two months and it cost us £6 million. Pack your bags now before you are voted off the Board.
Share Talk Article
Chill Brands Group (CHLL) announced the appointment of Fieldfisher LLP to conduct an investigation after allegations were raised around the use of inside information. The Company will be engaging with relevant authorities, including the Financial Conduct Authority, and the investigation’s findings will be reported in due course. Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands in connection with these allegations. This suspension does not constitute disciplinary action or a disciplinary penalty and does not imply any assumption that Mr Sommerton is guilty of any misconduct or that any decision has been made. The process of appointing an interim Chief Executive Officer is underway, and it is a shame the outgoing one has not stayed for the big reveal on vape sales.
Comment: Yesterday’s “Week In Small Caps” referred to the concept of judging a company by the service providers it keeps, management experience, ability to fund. Going by the wording of the RNS itself, with no wrong doing there should logically be no need for a new “interim” CEO. Referring to a comment posted on X today regarding CHLL, it is difficult to think of any newsflow at the company where (positive) inside information would have worked. Of course, front running negative inside information via shorting is practically embraced by the powers that be.
Note above two paragraphs are Copyrighted with Share Talk.
The honourable thing for Taylor & Russo to do would be for them to resign.
RKB
Yep Conrad, this is exactly what I think is going on
Is it possible the two directors are miffed because Callum, may not be supporting them, and that he is more aligned with the Shareholders who want them out.
Clearly a significant governance crisis here seen by Callum Summerton's suspension. This move completely undermines recent positive developments led by Callum, aimed at rectifying past mismanagement. In my view, Russo and Taylor appear to be making a power play rather than a genuine concern for corporate governance. Additionally, the company's stability and growth are now at risk, making it crucial to address these governance issues for a sustainable future.
We would be foolish to assume board member Scott Thompson and co are acting out of objectivity but rather Callum has done nothing to p*** them off and they are sacrificing the integrity of the business to get a 1 up. Once they see how badly the business operated without him, he will be reinstated.
Not disastrous news but definitely a hindrance to the business with Callum on suspension. Will be interesting to see how events unfold, I believe the corrupt crew in charge will have to come to their senses and reinstate Callum. Once this occurs we can see some positive SP action
DCraig the rises of the last month have been on the back of Callum's efforts to turn this company around. Just when things were looking up the dark forces of the past strike. Bad news for most of us.
I'm not sure this is disastrous news. Dispite the large drop in SP we have seen the price is still 33% higher than we saw a month ago.
some uncertainty of course but the market reaction could have been considerably worse. Especially where a threat of litigation looms.
i'm still relatively happy we will continue to climb in the long term.
I’m guessing the half million around the mid is a buy as the 25,000 after it is mine. Definitely a buy so I can have more voting power.
Buysellfredmcfc, you’re correct. Any large purchases by any of the instigators of this action would warrant a thorough investigation. I wish it had been suspended pending the outcome of the investigation as it removes all the doubts.
Turnthecorner. Same thoughts as you. Out with the 2 Americans, but only if Callum stays. He’s played a blinder so far and I can’t see why he shouldn’t continue.
So, on friday, Callum was looking into the legalities of the EGM demands .
Today, he is on gardening leave, and forced into making a small private announcement on X....basically denying any wrongdoing, and allowing time for any inquest to take place.
The hunt for "interim" CEO, imo, SUCKS.
I fully accept any deadwood be hoofed out of the company..however, what gives Swanny the right to demand any deadwood be replaced by THEIR choice of totally UNKNOWN persons. ???!!!
Shareholders need to vote.
More to this than meets the eye imo..
Circa 20% drop in sp, watch in coming days for any largish buys, esp from the abovementioned upping his stakes...THAT would warrant a proper investigation, not CS.
The sp has ridden out 2 major storms recently, and has/ is bouncing back slowly again. This underpins,imo, a good sales figure releas soon...or why would they have topped up recently ????
Callum Sommerton
@callumsomm
STATEMENT
I am surprised and disappointed by the allegations made against me, which I believe are without merit. I am confident that I will be vindicated. I will avoid further comment at this time to allow the process to progress.
Callum's new header on X.
Quite agree Bellers
The two Americans I believe are a spent force as they nearly obliterated the company then were gifted 7.2 million each in options in September. Enoughs enough !!
As long as Callum remains as CEO we have a great chance of not only survival but the making of a blue chip company .
As far as the voting goes I’d vote Taylor and Russo out and give the newly named Graham Duncan and Aditya Chathli their positions only if Callum remains CEO .
What’s others thoughts regarding replacing our two American Directors ?
This situation is being caused by the American directors who are achieving very little in exchange for large for salaries. I hope Mr Swann's demand for a special meeting can prevail so that we can have a free vote and show our support for Callum
I have absolute faith in Callum Sommerton and am shocked by the goings on today. Last week to be honest I’m not so shocked about as I saw that as Mr Swann wanting to reduced costs. Not nice to be on the end of it, but legitimate in his eyes to save cash. But Callum? No.