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Nothing! The listing was to line CJs pockets. Now we’re delisted he’ll happily take a fat salary and keep doing fundraise, to keep the company going, if he can! Nowt we can do.
What can we do?
Yes the main assets appear to have been hived off with no benefit to the owners (the shareholders) we had shares valued at
between 40 and 50p and now the company has been renamed without the value what happened to the rules of the stockmarket and companies house !!!!!!!!!! If it had been a private company the boss would have called in the fraud squad by now
Nothing that Mr Jeffries says can be believed in any way shape or form. The man says one thing and then does quite the opposite. 15th May he says more information “shortly,” and 9 weeks later nothing. This year we were supposed to be around £50m in revenues….we’ll be in the region of a 10th of that if lucky. I’m trying to decide if he lies intentionally or just has no comprehension of his own ineptitude, either way it’s terrible news for shareholders. He has said himself he is an “ideas guy” and here he is running our company. We have no idea on revenues - although we know targets will be missed - we know we’re running on fumes, funded by a fire sale of company asserts that we have no idea what price we got for - we know he can’t attract investors - even existing ones with deep pockets - and there is zero communication and zero respect for shareholder. This company is probably valued somewhere in the region of £10m and therefore based on old money at around 1p and that’s being generous. 7 months on and no Asset match set up…and yet Mr CJ continues to receive a generous salary for ineptitude. What has happened here is nothing short of negligent. If this company was in any way deemed to be an asset, the vultures would be circling! The fact they aren’t speak volumes for the potential future of the company. On their own website they have arrogantly referred to LaunchMyCareer in the same breath as Netflix….really? There has been zero growth in the number of employees at LaunchMy Career when looking at their LinkedIn page stuck at 258, when at one time this number was increasing significantly daily. I look forward to Chris Jeffries next RNS.
Difficult year.
Delighted with progress.
Restructure almost complete.
Revenues slightly down but they will be great next year.
Cost saving plans are working well.
Asset Match will be up and running shortly (there’s that word again - might be worth us all sending him a dictionary)
I thank shareholders for their patience!
We could actually have a game of RNS bingo with Mr Jeffries words! Shame on him!
Dont quite get that. Surely he will have to list again soon as he promised and why if the company is doing so well in India would you predict a SP of less than a penny ?
Https://twitter.com/MrHappened/status/1681726742224879618?s=20
Loft the Asset Match info is merely the last traded price and market cap before Dev got suspended. As Bag has pointed out we will be lucky to get half a pence if and when we can trade again. CJ is a fraudster so will ignore any pressure, he is just spinning this out as long as possible while he takes his huge salary year after year.
This is from Asset Match Apr 2023 Note the M Cap and SP
5 Apr 2023 LaunchMyCareer Holdings plc (formerly - Dev Clever/Veative) Technology SP 30.00p ,,,,market cap = £254,312,460.00
BAG
I am heavily invested in this one although distracted more day to day with the shenanigans at Greatland Gold
I have registered with Asset Match but still need to find a way out of this horror show
How can we shareholders put pressure on CJ to inform us and generally act in our best interestes ?
from dec 24th 2021
chris jeffries, ceo of dev clever, commented, "we are working closely with the fca and our professional advisers to finalise the prospectus which is at an advanced stage, and look forward to our shares relisting as soon as possible in the new year. i am delighted with the operational progress dev clever has made in recent months and will update shareholders on developments with our partners in india and china in early 2022."
* prospectus at an advanced stage.
* relisting as soon as possible in the new year.
* chris is “delighted with the operation progress.
* developments in china and india
outcome
* no prospectus
* shares delisted
* operational progress ****e
* no news about anything regarding india or china
19 months later
* still can’t sell shares
* all projections missed
* still no word from mr jeffries
* no new investors
* no info on what we sold our assets for (guaranteed less than we paid for them)
an absolute joke
“An investor update will be received by all existing shareholders shortly via the Company registrar Nevilles,“
From our illustrious leader Mr Chris Jefferies on 15th May! Do we all agree that the word “shortly” would indicate less than 8 weeks?
Start as you mean to go on Chris, start as you mean to go on! Just a liar and a fraud!
…..nothing from Chris Jefferies! I wonder how much money he’s ‘earned’ (sic) from our company since shares were suspended! Proper waste of air that man!
Shambles !
Nope, no news and really don’t expect any! We’ll be lucky to get a few pence…after fundraising, we’ll be lucky to be at 0.5p. Just my best guess! No faith in Chris Jeffries….so 0.5p will be a bonus.
Anyone got any updates re shares and change of company name to launch my career I presume at some point we can get a few pence for our shares :)
Very useful to know…but supports the notion that we’re screwed, with the people running this company. It did still seem to go south rapidly when Veative got involved though, can’t deny that. All the best.
Aggarwal was taken in by The Dev Clever team and the impressive array of investors. He is a very bright man and has the integrity lacking in the others. He was shocked at what he found post the deal. Due diligence is one sided with a public company and he was not able to do any verification of DCs claims prior to the transaction. Normally the classification as a main market company carries all the necessary confirmation needed. Clearly not in this case.
Suspension
There is no way that Aggarwal and his cronies would have so easily left the company after such a rampy marketing campaign, if they thought there was any hope of easily moving this company forward and generating huge profits. It was clear they just wanted to sell the company in the future. They clearly don’t see it happening and have taken what they want from the company and snuck off! Dev has no become a small business, with lack of potential and will just tick over paying the bills and big salaries, periodically we’ll need a fund raise to keep us going. Really sad state of affairs…if there was any appetite for what we were trying to do, one of the big companies would have stepped in. The fact this hasn’t happened speaks volumes. Byju…nope! Lenovo…nope. Apple…nope! Even Multiverse…nope. It’s just not a big enough prospect….and even if it was to get there, Chris Jefferies isn’t the man to do it. Look at Multiverse and the scale that has grown over a relatively short period, Dev / Veative / Launchmycareer.LTD, just isn’t in the same league…probably a different sport. Lots of hype over the years but zero execution. In Dev it will be 2 years since suspecting, and I think the revenues will be less. Watch this space, because that will tell everyone all they need to know.
Got to agree with Bagzzz on this one but I pray he's wrong 🙏
Cheers for thoughts Barnard, but knowing what is needed to get onto one of the markets and knowing how skilled Chris Jeffries and his team are at completing paperwork to the appropriate standards (one prospectus was achieved at glacial speed and the other didn’t get over the line) we’re years away from listing and I don’t believe that is what he wants. He’s made is corn from the first listing, and he’ll be happy taking a big salary over the coming years, for doing very little. The growth over the last 18 months has been minimal and I don’t see that changing. If the company does re-list it won’t be anywhere near 10p. I hope you are right but there hasn’t been one single bit of evidence over the last 18 months that this company can improve its ethos, it’s image, it’s sense of responsibility to shareholders, it’s ability to communicate or it’s bottom lines. I genuinely hope you are right, but you have to admit recent history isn’t good and we have the same people trying to convince us that they’re “continuing to move the company forward” when it’s clear that hasn’t happened and when they tried previously they got it horribly horribly horribly wrong!
As for Chris Akers….i wouldn’t follow his buys. The man is a charlatan and a chancer! Duffy….again, try and search #Dev / #Dev_clever under his name…..he’s deleted every reference, every ramp…it’s just like they never existed. What does that tell you about the man? I also reiterate the RNS, something to the tune of not being able to raise capital from “new or existing investors.” Both the aforementioned distinguished investors fall into the latter.
Anyway….it’s a beautiful day and it’s time to get outside! Enjoy.
Agree, we really need to see some figures. LMC are always tweeting as Dev did..(head slap emoji)..about how wonderful and in demand they are.
Maybe by taking it back to basics we can start with a fresh slate, transparency and learn from previous mistakes.
If we do fail to raise more money if indeed we do need to now well it's dead in the water. Surely though we are generating cash at profit or the whole thing would be wound up. CA and Duffy etc wouldn't have put more in here and ASLR if it was lights out.
If we can hit 10% of what was mentioned and a SAAS valuation of x20..a 10p relist could be possible as a starting point but that's just me thinking out loud, the whole thing could boom or bust.
I'm sure the company would reply to my question about shares in issue and current cash position sales targets..yeh there's that head slap emoji again. GLA keep the faith we are still shareholders and own a part of the company the fat lady may be gargling her water but she's not singing just yet.
I think that anything that was said needs to be taken with a pinch of salt, along with anything that will be said. Once trust in a CEO / BOD has gone it can only be renewed with a change in both. Here we are, back with the same guy leading the way that got us to where we are now! Just to reiterate that in Nov 2021 we were being told that end of 2023 Revs, would be £51,000,00…..to not even hit 10% of that tells you all you need to know. If, and it’s a BIG IF, we can raise funds, we’ll be diluted to death. Only winner is Chris Jeffries, taking a big salary and free shares…just wait and see. As for Lenovo….’bag of!’ Been here for years with no material growth. Lenovo is a red herring. It’s a sad state of affairs!
What happened to Oracle or that chap from HP that parachuted in to add business accuman and All the money from the sw licenses that were installed on school lenovo laptops and the Indian colleges that were buying the software and .. and .. and?
“ Just as Netflix transformed the way the world watches TV, LaunchMyCareer, the world’s first social and skills network that is transforming the way the world learns.
LaunchMyCareer is turning careers education on its head and opening up new opportunities for young people, educators and employers by linking them through technology.”
Less Netflix and more Blockbuster Video! Couldn’t write it!