Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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.
Let’s see what utter tripe they’ll include in the website.
https://www.lmch.co.uk/
I think the next research noted will drop projected earnings massively from £51,000,000 YE 2023 to £51,000,000 year end 3023. Watch this space. Don't get sucked in by the hype…seen it time snd time again here. Hope people get to enjoy the sun and switch off from the shambles that is Chris Jeffries snd the shameful Dev Clever / Veative / Launchmycareeers holdings plc
Thanks. Really useful to know. Problem is that the company is now in a difficult position, as we want them to communicate with us but can’t trust them, certainly can’t trust Chris Jeffries. Look at the RNS in November 2021 as pointed out the other day. Really poor communication and gave no indication of things to come. They only just did an investor presentation 4 months ago that has literally been torn to pieces. The BOD and CJ can’t be trusted, they don’t tell the truth and clearly have no workable strategic plan. If they were all employees, they would have been sacked for incompetence long ago. Still it’s good to know, despite knowing that what they say has to be taken with a few tons of salt.
An investor update will be received by all existing shareholders shortly via the Company registrar Nevilles, which will expand on these transactions and explain the Boards rationale in making the decisions to refocus the Groups efforts. It is our intention to hold a detailed, online investor presentation in the near future explaining our updated and focussed strategy, which will support the Company’s fund raising activities.
It is the Company’s intention to continue in providing a matched bargain secondary market trading facility through Asset Match once the Company’s fund raising activities have concluded, further details to be provided to shareholders once available.
“Continue to drive the business forward!” Over the last 2 years we’ve gone backwards! CJ is a joke. CJ please publish your salary….and show shareholders that your cost cutting exercise includes a significant reduction in your salary, until the company makes a profit and you return some shareholder value.
Pay cheque
Yes….and “Ideas Boy” put out that RNS. Within 35 days the game was over for all of us! As long as “Ideas Boy” keeps picking up a nice fat pay check he’ll be happy. People like him should be banned from holding a position in a company as a director or CEO. There are too many that get away time and time again with doing a really poor job and doing very well nicely! It’ll never change though.
That RNS is a joke!
Just checkout the wording of 29th Nov 2021 7am RNS.
No hint of what was on it's way
…just a little reminder of what our current CEO was promoting not 18 months ago! Year End 2023, £51,000,000 and we’ll not be 10% of that.
https://acfequityresearch.com/wp-content/uploads/2021/11/Dev-Clever-DEV.L-Initiation-ACF-Equity-Research-Corrected-FINAL-02112021.pdf
And now we can’t get investors! Make your own mind up! Stand up Chris Jeffries and take a bow!
Up until the suspension happened there wasn’t a sniff of a problem….wasn’t even on the horizon. Veative had been lingering for a while. It all went wrong when they and Aldebaron got involved. There are massive problems here. Dr Von Rosen has deep pockets and a successful track record and is heavily invested here….yet he has no appetite for further investment. What on earth is CJ going to do other than sell the family jewels. The guy doesn’t have a clue, let alone a plan. Deeply deeply deeply worrying.
Chris J doesn’t give too s h I t s about shareholders. That is blatantly clear.
@Barnard it stinks. Wasn't even on Aim, it was listed in the Main board, I don't know how they got away with it.
Hats off to the guy that's sold half his bag at/near the peak (forget who it was) just before the shares were frozen.
Leaves a very bad taste that shareholders didn't have a chance to cut losses.
Feels like someone has made money out of this..the cash has gone somewhere..might be another email getting fired off..
So basically they are taking the main assets out of the business and leaving us with a pile of ~### so what has happened to the money from the sale of these assets ?????
What were they paid what was the debt the shares were worth 46 p not long before suspension so the value of the business was substantial
So what did we get paid for our Indian subsidiaries? The last 2 years has been nothing short of a joke!
Anyone buying shares in any company that Chris Akers should do so at their peril! You will be wiped out!
bag of s h i t e!
“the company has been unable to attract the necessary material investment from existing as well as new investors to execute its growth strategy!”
therefore nobody believes in chris jefferies or the company! even the ceo thought ******* this i’m off! this company is dead and with cj at the helm we are screwed! £20 mil target this year, year end! as i said at the time, what a joke. we have been robbed but cj will get a nice fat salary out of it and do very nicely thanks! he should be ashamed of himself! thinking back to that b u l l s h i t marketing meeting back in jan! jeeeeez! fuming!
arrogant p r i c k even thanked shareholders for their patience! like we had any choice! the man ought to be hung drawn and quartered!
i’m disgusted!
appreciate the sharing of the info….but there was little hope with veative involved. there is no hope with cj in charge! we are screwed more than a cheap hooker!
Sounds like we're back to where we started..CJ at the wheel and we go again..there is a business here and there is a reason CA keeps adding to ASLR..fingers crossed and all that..
Was this not the main asset of the company?
Sold off to pay its debts?
No point relisting.
What were the new shares issued at?
I've received the same today
This was just a letter sent to me as a now Veative shareholder this morning from Launchmycareer Holdings PLC
Wonder if Asset match has been binned as that was an arrangement under the old company?
Thanks for posting appreciated..what is the source of this and is it a public document we can all access or a reply to you?
Where the hell is all this money going?? Feels like the company is going through an asset stripping process. I just wonder if nudging the FCA has done a little something.
Thanks. Might as well relist then, can't be worth much though
The Board of Veative is pleased to announce that the Company has restructured the business through a sale of (i) its two Indian Subsidiaries together with the liabilities of those businesses and (ii) its immersive education STEM Library. This restructuring will enable the Company to focus on the exploitation of its Launchmycareer.com (LMC) platform globally through resellers and local distributors in international markets and further developing the work of the Inspirational Learning Group Limited subsidiary in the UK market. The board believes that the restructuring materially improved the financial position and balance sheet strength of the Company and will enable us to attract new investment later this year.
The Rationale for the restructuring is that since the Company cancelled its listing on the London Stock Exchange, the Company has been unable to attract the necessary material investment from existing as well as new investors to execute its growth strategy. The Board also believes that there is currently reduced appetite for smaller UK technology companies in the growth phase in general and particularly those where significant capital for growth is required.
As such, the business has accumulated significant liabilities, including the requirement to settle the outstanding consideration payment for the balance of its purchase of the immersive education STEM library and these obligations needed to be discharged. This transaction significantly reduces these obligations, provides much needed working capital for the Group and creates a solid platform for the Company to build a vibrant business focussing on the core elements of its original vision which was to develop transformative careers education support globally. Most importantly the business retains ownership of its LMC platform.
Strategy
The business will now become a dedicated international education technology (Ed-Tech) company with its operations focussed exclusively on the provision of:
(i) A careers discovery offering to support both student and teachers that are primarily delivered through the Company’s Launchmycareer platform for young people, initially launched in India and being rolled out to schools in the NISA association of c. 100,000 budget private schools and c. 20m students through an already developed and formed, strategic distributor and delivery partner, with a version tailored to the UK market in development for launch later this year.
(ii) Immersive experiences delivered through the Company’s “Future World of Work” that allows employers to showcase their organisation and future career opportunities to young people in schools and further education enabling tomorrow’s workforce to develop the skills they need to meet the jobs of the future.
(iii) In the UK, the Company will continue to deliver the National Careers Challenge (“NCC”) a physically delivered competition that will allow the Company to engage with students and schools and build links to employers for students from Year 6 to Year 13.
(iv) Further development of our agency services business which delivers innovative technology solutions for businesses and enterprise customers.