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Started: SpectralBlue, 14 Jun 2024 08:48
Last post: Unininaninimity, Today 10:20
The various directors of this company have been taking out £100k+ per annum each ever since the days when it was HNR.
The bottom line is that the cost could be raised by investors and written off.
The crux of the matter is the ownership of the website.
It is very clear to me that the directors concerned have abused their positions and not acted in the best interests of the shareholders. This will likely result in a ban in them holding positions as directors, closure of their company and the assets being transferred back to Chill.
The critical issue is to prevent them from selling on the asset on to another party. Then they could liquidate their company and withdraw the money they have raised from the sale.
However, I doubt that they will be able to transfer ownership of the website, and more likely that the website ownership will be transferred back to Chill.
R AND T will have lawyers to fight this all the way and in the US courts will probably win
CHLL won't have the cash to fight it
I'd not be surprised if this never comes out of suspension
Wouldn't be the first share in this kind of situation that never trades again
What a shambles the nomad and auditors are to let these 2 just take 400k and the domain name... lol it is quite amusing though when you think of it like that l
And they say nothing like a woman scorned!!
R&T will want to settle more than Chilled. Their balance sheet to fight this in court is far smaller than Chilled's. Likely works in our favour and settlement will probably be very bullish
Humour !!!
I'd settle for the return of £200k and the domain name in exchange for a clean getaway.
Lawyers are going to cost too much so a deal would be a better outcome.
Of course, if they don't play ball you could always hire a couple of hoodlums to bump them off.
Much cheaper than lawyers. But that's just my dark sense of humour.
Started: maoleoin, 18 Jun 2024 09:27
Last post: maoleoin, 18 Jun 2024 09:27
Would anyone have idea of how long this may take until we can start trading again? Just would be nice to see chill moving in the right direction. Clearly up!!
Started: RKBeekeeper, 14 Jun 2024 12:19
Last post: newbie2024, 15 Jun 2024 11:20
Re read the full RNS again from the 10th
There is definitely a significant chance that CHLL will not be able to regain the CHLL domain or the 400 000
It was forced through on the 3rd June but it was passed.
They can't release any financials as they have no definitive guarantee they can get back this 400 000 and even more so the CHLL brand
A complete shambles and this may never come out of suspension.
What were the nomads and the auditors doing on the 3rd????
All stinks to high heaven admittedly but this will have to go to court and probably in the US!
Will CHLL even be able to fund an expensive court case
Good iuck though
All this is going to make a cracking film one day.
Have a good weekend all.
Peace and love,
♥♥♥
Hank
Not only that, but Russo has put himself in the picture for an investigation into his role into the legalisation of Cannabis in the pertinent states in the USA. There should be an investigation into potential bribery and corruption in the process that took place and if Russo was any part of that. I think that he has shot himself in the foot by drawing this amount of attention to himself. Was it bribery, or was it just Corporate Hospitality? There appear to be some irregularities in the dealings of his previous company (now dissolved). Obviously just my own observations and subject to correction where needed.
Theft of $400,000
We were made aware of almost $400,000 being taken from Chill’s Bank Accounts and transferred to the Personal Bank Accounts of Antonio Russo & Trevor Taylor.
When funds are moved from a PLC Company on the day before a General Meeting to decide on Resolutions to remove Trevor & Antonio as Directors, and for there to be no minutes as to why the funds were transferred, then in my eyes it is theft.
Callum and our legal team will endeavour to recover the $400,000.
You may recall I posted about “How to get Rich” for the benefit of the trolls and Antonio & Trevor I will Post again.
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 Hand the money back or go to jail.
Started: RKBeekeeper, 14 Jun 2024 12:40
Last post: RKBeekeeper, 14 Jun 2024 12:40
Loss of Share Options
On the 4th of June 2024 both Trevor & Antonio were voted off the Board of Directors with 80% of shareholders wanting both despatched.
In September 2023, Callum, Trevor & Antonio were all granted options over 7.2 million shares each at 8p 16p 32p & 40p with a vesting period of 1 year to 4 years.
Due to Trevor & Antonio’s shenanigans, they forfeited their options on the day they ceased to be Directors.
I am no longer up-to-speed with my accounting qualifications (gave up my accreditation about 9 or 10 years ago) so I am not sure how these options will be treated on the Balance Sheet. It is possible we record a paper loss from late last year (when they were granted) and then we either amend the accounts to reflect that the options were “voluntarily rescinded”
We now have two new Directors, Harry Chathli (Non-Executive Chairman) and Graham Duncan (Finance Director) both of whom will assist Callum in our future growth.
RKB
Started: RKBeekeeper, 14 Jun 2024 12:04
Last post: HK1965, 14 Jun 2024 12:14
Of course it will be returned, I don’t think anyone disputes that. How much the legal wrangle costs is the pertinent point. We know it’s going to cost money that we don’t have any longer
Domain Name
I will Post my point of view to counter the Trolls and their nonsense.
Our Domain Name was transferred illegally to a Company owned by Antonio Russo.
If there were dishonest Directors on the Board of Tesco Plc and they held a Mini-Board-Meeting with just sufficient Directors to form a quorum and decided to transfer Tesco.Com to a Company controlled by one of these dishonest Directors, what do you think would happen to the Tesco.Com website?
Our website ownership will be legally returned to Chill Brands Group Plc and the said dishonest Directors will be held to account.
RKB
Started: SpectralBlue, 12 Jun 2024 09:01
Last post: SpectralBlue, 13 Jun 2024 08:57
One obvious point when moving forward, despite the temporary $400K black hole, the management cost base of the company will be less moving forward. The duo were always over remunerated due to their position as founders. Lifting this cost yoke will make figures later in the year look highly attractive.
Don't feed the trolls, they thrive on it. This website's forums has been the same for the decades it has been around.
Nobby you are a prized one. If you ever manage to get a life the rest of us on this board I'm sure will be very happy for you. Until then you only get sympathy. How many more accounts do you have as you've recommended yourself twice up to now
“Glad I’m not in here “ Numpty Neil777 why then are you here???
jog on
If it ever comes out of suspension
They haven't releases the financial details for a reason!!
They are accusing the 2 ex directors of theft and fraud but can't get the company accounts out!!
Glad I'm not in here.
With the cost of a court case in the US there won't be a penny left
This is 2p and suspended for a reason
Started: buysellfredmcfc, 13 Jun 2024 07:40
Last post: buysellfredmcfc, 13 Jun 2024 07:40
Clueless.
utterly clueless..I doubt newbie2025 would be much of an upgrade tbh !!!
Started: Lionelkipper, 12 Jun 2024 10:41
Last post: Lionelkipper, 12 Jun 2024 17:19
With the revolutionary new 5 in 1 device I think the SP will love this when we come out of suspension
Impressive new device on show in Dubai
Started: Antha, 12 Jun 2024 11:34
Last post: buysellfredmcfc, 12 Jun 2024 11:37
Correct.
hopefully they contest...and have their houses etc removed to pay their bills !!
The company will definitely be able to recover the domain name as it was obviously transferred without the current boards permission. Normally it's just a case of the registrars reversing the transfer themselves and could be completed in a few day's but if it get's complicated with US & UK lawyers involved then it will need to go to the Uniform Domain Name Dispute Resolution which could take some time, at least it still points to the website.
Started: Lionelkipper, 11 Jun 2024 18:35
Last post: TradeWizard89, 12 Jun 2024 10:11
I'm afraid Newbie you have done yourself no favours.. no one will take your comments seriously with your clear agenda.
Actually it’s quite honest of you to admit you had another user ! What was it ?
You’ll find now newbie no one will engage with you so my job is done 👍
Gotcha.. firstly what did you get??
Plus of course I remember you and how sad you were then.. and still now!
Why did they ban u???
Good luck with suspension
You remember village ..wow..but you’re only 6 weeks old .. gotcha
Everyone knows I was village as I admitted it , poor old lionel1 got a ban so I had to change him xx
A member yourself for a massive 3 months... awww
I'm guessing you were Village Pigeon before you had to change ID???
Bingo I thought you posted the same and only ever in CHLL and defend the indefensible
Gotcha
Started: Bellers, 11 Jun 2024 18:19
Last post: Bellers, 11 Jun 2024 18:19
Apparently some new products.
https://x.com/choosechill/status/1800456305582411904?s=61&t=nNoeC9NP4wbkqYu0S7bZ7g
Started: Openheimer, 10 Jun 2024 09:19
Last post: Unininaninimity, 11 Jun 2024 15:46
If there was any doubt about the fact that Anthony Russo was acting in his own interests rather than that of the company, surely this has now been dispelled. I wonder how much of his fee from the past few years can now be recuperated by the investigation into fraud that will surely follow. Has he shot himself in the foot by his outlandish behaviour? I would certainly freeze all his assets and demand an investigation by the authorities before he absconds with the money and sells on the assets that he has illegally acquired (allegedly). There will be no hiding place for the fellow. And he didn't even get away with enough to put down a deposit on the Pelorus yacht. Disappointing in the extreme.
It was over 1 pound when it was Zoetic and I believe it was March 2021...but of course you have conducted zero research of the company and its past history or you would have some insight of why it is now 2p!!
Good luck in the US/UK courts and I hope this comes out of suspension 1 day 😏
To be fair, Chill used to be Zoetic (ZOE.L) and it hit £1 in March 21, albeit part of the Post Covid boom of PI Investors..
Newbie , you’ve been a member since 7 June 2024 , who were you before ?
When did chill hit £1 newbie?
Started: Laura2022, 10 Jun 2024 22:29
Last post: Laura2022, 10 Jun 2024 22:34
Hope you get this back trading amd recover the lost money
Good luck to you all here
The Board has also discovered that, on 3 June 2024, payments totalling almost $400k were made from the bank account of the Group's US subsidiary to Antonio Russo and Trevor Taylor's personal US bank accounts. These payments were not approved by the Board and were not notified to the Board at their meeting held on the day. The Company's Board is seeking a proper explanation from Trevor Taylor and Antonio Russo for these payments, and the recovery of these funds through all legal means available.
· The Board is examining the involvement of certain advisers appointed by Mr Russo and Mr Taylor in facilitating the actions outlined above. The Board will take appropriate action in relation to any misfeasance
Started: conrad02, 10 Jun 2024 17:33
Last post: Jamesbridge, 10 Jun 2024 22:14
I think the positive news of both of them being gone out-ways the negative news of the theft. Imagine if they were still around? The company would have been torn apart. I am very happy that they are both gone before they could do any real irreversible damage.
Is Callum is back, and at least those two had the sense to suspend trading, as this would have tanked big time, on that RNS...how are they still employed???
Started: lemonhead2, 10 Jun 2024 07:18
Last post: Jamesbridge, 10 Jun 2024 13:18
Crazy how they managed to stay around for so long, this company is going to thrive now that they are out and Callum is back in control.
Openheimer gets the middle cell, or perhaps a padded one for the loon.
Wonder who would get the middle jail cell..
russo trump taylor
pass the soap....
P.S. Love Hank
Very surprising that Russo and Taylor should risk this knowing that there are so many shareholders who would be after their blood (figuratively speaking). I suppose the £400k on top of the millions they have already taken out of the company will help them start new lives elsewhere as an option. Will they need bodyguards and protection for the rest of their lives? Shame because its nice to go to a good restaurant without being in fear of your lives. Not that I'd agree with anyone taking direct action of this sort myself, its just an inevitable consequence I would think. I can see this becoming a major film production in the near future, "based on true events". I hope that they're already discussing film rights, I would be.
Started: barn06048847, 10 Jun 2024 10:37
Last post: barn06048847, 10 Jun 2024 10:37
Every time I come on here, I want to gouge my own eyes out.
The desperation of a few non-shareholders who want to take a story and twist it and make it seem like the company is finished is seriously suspect behaviour! It is not warranted and every serious shareholder can see this is not a good situation, BUT how the events have unfolded are clear to see to most of us.
The removal of these two by JS and all of us shareholders is now the most important thing that has ever happened to this company. There is going to be a period of unwinding all the cr5p these two have created, and I think it's pretty clear that what they have done here is likely a criminal act.
Getting the domain back should be straightforward , the cash clearly more difficult, but there is now a more than genuine threat of them being put behind bars if they don't give it back i'd suspect. They really have lost the plot and they have families and lives for God's sake. Absolutely shocking levels of desperation and stupidity.
99% of shareholders that weren't them, voted for JS and the resolutions and we all can see why!
I've got faith Callum and the new BOD will sort this out - what is clear to see there is a lot to fight over with Chill, and that should give us shareholders at least some comfort.
Started: BoredOfYourWaffl, 5 Jun 2024 07:38
Last post: Jamesbridge, 5 Jun 2024 22:45
Ahh apologies, just come back from holiday and missed that! Can imagine he will have a v busy week this week getting up to speed. Looking forward to hearing from him next week - will definitely help continue to restore confidence in the stock.
Callum has returned, he was reinstated shortly after the meeting. I’m confident we’ll be hearing from him next DT week but don’t forget he’s had no comms with the company for many weeks so he’s going to be vey busy getting up to speed with things.
Averaged down nicely over the past few weeks. Hopefully the SP will go like a greyhound (one can hope), not 100% sure we will see 5p as some suggest but i do expect a healthy increase.
*knew that the resolutions would pass.
I have no doubt we will see a significant rise but not sure to that degree. It also depends on how long it will take to get the trading update prepared for the suspension to be lifted. If this can be done for next week the positive buzz will still be present. Timing is everything
Started: RKBeekeeper, 4 Jun 2024 15:21
Last post: Keepdreaming, 4 Jun 2024 18:26
SpectreBlue - the RNS states "The Company will provide a trading update for the 12 month period ended 31 March 2024 and current trading shortly."
I would think the suspension will be lifted once this has been completed.
Has anyone got a view on how long the share suspension will remain? Now we have clarity it would be good to make a further small investment
Special thanks to Johnathan Swan
I would like to say a special thank you to Johnathan Swan. If it was not for his support for Chill Brands Group, we would not have two new NED’s or despatched two Directors who did not have the same vision for our Company as Callum has.
Jonathan Swan is our largest shareholder with over 64 million shares, and he initially provided finance to support our nicotine-free vapes.
With our two new Independent Directors, and Callum back in charge we have an exciting future ahead of us.
Thank you.
RKB
PS Did you see Callum’s tweet about the trumped up allegation?
Started: gallini, 4 Jun 2024 13:59
Last post: gallini, 4 Jun 2024 13:59
A great day in the history of Chill. Onwards and Upwards
Started: RKBeekeeper, 4 Jun 2024 13:28
Last post: Lionelkipper, 4 Jun 2024 13:37
I’d like to hear from Raymond Jackson after his disgusting post was removed by admin after the suspension , I don’t suppose he’ll be about for a while .
Welcome back Callum a decent young man tainted by the 2 US chumps
Great result for all shareholders.
Really looking forward to what Callum can do now the shackles are off
Regarding Eric
I will be voting him off next when possible
Good Afternoon Gallini.
It is time to move on and maybe Eric should stay. He was in an awkward position, and I am sure he will have conversations with Callum and our new NED’s.
Whatever Callum and the Board decide, I will agree with it.
RKB
PS Also time for TW to move on.
Well said RKB
Thanks for all your input and guidance
Onwards and upwards
Great news!
Started: lemonhead2, 4 Jun 2024 13:27
Last post: lemonhead2, 4 Jun 2024 13:27
Scince they have been removed as directors, why do they remain on the payroll.... anyone !!!!!???
A great result today. Thanks to all those who have worked hard to bring about the changes and supported the resolutions.
Started: Bellers, 4 Jun 2024 10:35
Last post: Bellers, 4 Jun 2024 12:52
Rugby 2015, I didn’t go. It was posted on Telegram by Andrew Davies as soon as the count was in. I believe he was there. Only about ten got to the meeting by the sound of it.
Brilliant news
Bellers not Brokers
Brokers - are you still at Riverbank House?
All passed approximately 4 to 1
Started: Ilovesushi, 3 Jun 2024 12:26
Last post: Unananinimity, 4 Jun 2024 09:15
Does that cost include the cost of Chas and Dave though? See, I've forgotten their names and they're not even gone yet. :-)
No one else concerned about this line “And financially speaking, US operations outperform the UK on a current direct cost/revenue basis”. It doesn’t bode well for figures
Doubt it very much. More likely a last gasp stunt by A&T. Get the resolution passed and this should all go away
22nd April 2024
"Chill Brands Group Plc (LSE:CHLL) announces 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".
Looks like the suspension of the shares show that they found something. "INSIDE INFORMATION". Looks like has been confirmed.