PYX Resources: Achieving volume and diversification milestones. 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.
current mcap of £1.24m is still dead cheap,even for an investing company! Just being an investment company in the oil ans gas sector must be worth £2m atleast...LDP went from operations mcap of £10m+ to nothing, then came back as ainvestment in oil and gas company and has mcap 4m! MDC have mcap of 1.24m!
The key here is in the value of intabet. Box nation like it. MDC bought it for 1.5million.
'Following the adoption of an investing policy it is likely that the Company will dispose of its interest in Intabet and its associated intellectual property.'
Capital reorganisation highlighted that there were no cross guarantees between MDC and purple lounge, so there is no financial liability of MDC after purple lounge was liquidated.
Typo- now. Blood boiling
Feel sorry for anyone who has lost money here. You Havre to laugh at next cunning plan! Lol. Not chasing oil on what business plan and with whos money? Equity equity and options and when that fails what next insurance?
Rushed in loads of equity before Suspension. Hmm, lets think about that! Voices in my head keep telling me that the way new equity pumped in in as many days was a great plan from mdc to get last pay. Well come! Smell the coffee and wouldn't trust anyone from this in any other company.
shawshankuk I'm afraid the others are a little more optimistic than they should be. For all intense purposes everything has been lost here. Another out and out AIM thieving deception. 1. Firstly all the businesses have ceased. There is no mention of anything being sold yet assuming anything can be sold. If Intabet and associated intellectually property is sold the monies will be used to settle the Purple Lounge legacy and of course the directors severance pay. 2. There is to be a capital reorganisation and the allotment of new shares. This will most certainly result in a dilution of no less than 80%. 3. To add insult to injury the results are to be published before the General Meeting on 16/09/13. The publication of the results will most certainly lead to the lifting of the suspension. Given today's update what do you think is going to happen to the share price when the suspension is lifting. You can expect an immediate plunge of about 80%. If you retain 5% or more of your original holding consider yourself extremely lucky.
Thanks, that's a bit easier for me to digest. As long as there is hope I will hold my breath a bit longer before telling the wife
Basically, intabet is best developed and launched by the holder of a gaming licence that can afford to develop it with revenue from gaming. MDC cannot get a licence, not surprising after purple room history. PJ is now CEO of twl who are developing these platforms and online gaming products/services. Twl does have a gaming license for its existing operations, so my guess is it, along with the box nation contract, will go there with PJ, its developer. So, we get some cash / twl shares / both; by disposing of the intabet platform. Goal millions ticks along in the background on a licence, generating minimal revenue, but maybe enough to keep the lights on. This means MDC has no operations, so that means it must reclass as an investment company, rather than an operating company to meet aim rules. Rule 1 for an investment company, it must have an investment plan. It would appear that we have been approached by o&g types who wish to use our listing on aim to turn their Ltd into a PLC. They will raise cash for investment purposes and suddenly you have a totally rebranded and refocused company.
Is anyone able to put last rns into something a bit more easier to understand. Are we all at a total loss here or what ? How long is this going to take to become more clearer? Don't understand anything. I'm a mongo for investing here.
Is that the circular is not on the website as stated in the RNs. Unless I'm blind. Anyone??
Still holds about 18.5million shares. At this price that is valued at approx 18.5k. Surely he isn't just going to let that slid.
I meant went into suspension, not administration ......loops what a slip to make lol
Yes for the simple reason that the company remains solvent with products and a yes vote is needed in the GM. The II's will want to protect their investments as much as we do. Ultimately, the shareholders could tell PJ to get on with development of intabet and issue shares to raise funds rather than issue shares for Leopard. According to PJ, there is better value in the new approach, the general meeting is their chance to prove that. PJ job is to protect the shareholder interests. MDC went into administration for filing issues, not financial problems, so he would have some serious questions to answer if suddenly, the company shareholders lost everything for no apparent reason and he luckily gets a job over at TWL. They can make this work in everyone's interests.
No
Does anyone realistically think we will get any of our money back? Honest answers only!!
Daniel Gerard O'connellSolicitor List of companies owned by Daniel Gerard O'connell. Free company director check. Daniel Gerard O'connell worked in companies LIVINGSTONE GUARANTEE SERVICES PLC, KENCO HOTELS PLC, EASTPILLAR LIMITED, ENVIROTECH PROPERTIES LIMITED, FINESSE LIMITED, GAILYPOINT, MYMASTER, STRAND SECURITIES SOUTH EAST, FSJ LIMITED, HAPSDALE TRADING LIMITED, FONTWELL PARK (HOLDINGS) LIMITED, FONTWELL PARK STEEPLECHASE LIMITED (THE) as Solicitor. STRAND SECURITIES SOUTH EAST MYMASTER GAILYPOINT KENCO HOTELS PLC LIVINGSTONE GUARANTEE SERVICES PLC FSJ LIMITED FONTWELL PARK STEEPLECHASE LIMITED (THE) FONTWELL PARK (HOLDINGS) LIMITED ENVIROTECH PROPERTIES LIMITED HAPSDALE TRADING LIMITED EASTPILLAR LIMITED FINESSE LIMITED
So basically we have gone from a media company investing in gambling to a oil company confused
More than market cap
So I would hope the investment still holds value
Media Corporation Plc, the AIM quoted advertising network and online gaming group, is delighted to announce the acquisition of Intabet Limited ('Intabet'), a new and unique online betting platform, for £1.53m (the 'Acquisition') to be satisfied by the issue of 152,719,840 new ordinary shares of 1p each (the 'Consideration Shares'). So, let's assume we added no value at all since then, but proved that customers e.g. box nation want it, surely we can obtain a similar sum now from someone like TWL??
Details Leopard Oil LimitedEdit details Company Number: 07440433 Company Type: Private limited with share capital SIC Code: 9999, Dormant Company Website: http://kermanco.comInc. Date: 15 Nov 2010 Annual Returns: 15 Nov 2012 Annual Accounts: 30 Nov 2012 Add Twitter Add FacebookAdd Linkedin Registered Address: 200 Strand London London WC2R 1DJ United Kingdom Trading Address:Edit details 200-203 Strand London WC2R 1DJ Trading Tel: Add Telephone number About Leopard Oil Limited Leopard Oil Limited was registered on 15 Nov 2010 with its registered office in London. The business has a status listed as "Live"and it currently has one director. It's founding director was Mr Daniel Gerard O'connell. Leopard Oil Limited has no subsidiaries. Was called Kerman Shelf 20 Ltd. Previous Company Names KERMAN SHELF 20 LIMITED Changed 29 Jul 2013 DORIEMUS LIMITED Changed 16 Jul 2013 KERMAN SHELF 20 LIMITED Changed 8 Apr 2013 KERMAN SHELF 20 LIMITED Changed 19 Apr 2012 KERMAN SHELF 20 LIMITED Changed 19 Apr 2012 STELLAR RESOURCES LIMITED Changed 19 Apr 2012 STELLAR RESOURCES LIMITED Changed 19 Apr 2012 Unclaimed Domain Names for this Company's Website The following domain names appear to be available to register, if this is your company you should claim the domain names before your competitors register them www.leopardoil.co.uk Register at GoDaddy www.leopardoil.net Register at GoDaddy www.leopardoil.org.uk Register at GoDaddy www.leopardoil.org
Whether TWL acquires it or not - it appears quite a bit of development/funding is still required?
The Company is delighted to announce the appointment with effect from 23 May 2013 of Phil Jackson as Chief Executive Officer of TWL. Mr Jackson has over twenty years of experience in general management, sales and marketing, and is currently the Chairman of AIM quoted Media Corporation plc. He has held senior international marketing positions for UnitedHealth Group, driving their clinical research and data management group revenues from $50m to $1bn in the period 2004-2010. For the last three years, Phil has been advising on the corporate development of betting software group, Intabet, as well as advising specialist health analytics group, LA-SER, through international expansion. He is a founder of Docobo, a leading eHealthcare company, and was a founder and former CEO of Jackson Beazeley Limited, a specialist manufacturer and international distributor of nursery products. As stated in the announcement of 30 April 2013, the Board has concluded that the historic activities of the Company are insufficiently large to take full advantage of the Company's AIM quotation, and the Board believes Mr Jackson is the right person to lead the growth of TWL, and to identify and make further acquisitions. Well he can start by acquiring intabet