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Thanks RKB we have not long to wait till we find out what path we are about to take.
GLA
Results
There is not much to say about the Annual Results as we do not currently have any assets, only £3.8 million cash from the fund raise in February 2021.
@Reseach 24/7 tweeted this morning an extract from the statement made by our NEC Nigel Brent Fitzpatrick “We are currently focussed on one opportunity in particular and anticipate updating shareholders in due course.”
But on a separate note: VoyagerCBD currently have 40 investors from their second Crowd Funding round on the Seedrs platform which closes on Friday as the IPO is looking like the 30th of June 2021.
Now I cannot say “two” and “two” make 4 but I can say that the 40th Investor on Seedrs put in £368,288 and the largest investor in the February Crowd Funding put in £413,292.
What I can say is that if the “two” investors above are the same entity, then they would have 1,966,455 VoyagerCBD shares for which they would have paid £780,580 (1,333,200 @ 31p & 633,255 @58p)
RKB
PS Maybe our BoD have a reason to have Nick Tulloch as an NED on our BoD.
RKB...well done sir !!
so in effect, if you own under 3% you are a nobody !!!
nice to know what they think of shareholders ..........the word transparency means nothing here................
Well done RKB. Their website is a really cheap effort and could do with a revamp. Especially if they want to attract a bit more interest
Good Morning Buysellfredmfc
I have a had a detailed, informative and polit response from our Investor Relations Adviser, Tim Metcalfe.
We have an updated list of Major Shareholders on our website, but it is not accurate.
Monecor (London) Ltd reduced their holdings by 16.5 million and we had this TR1 issued on the 7th of June 2021 and it was within the FCA Rules as they reduced on Friday the 4th June 2021 and technically the RNS was issued the next day (business day) Unlike Spreadex who were 10 days late and Cantor Fitzgerald Europe who were about 47 days late.
The Major Shareholders were updated on the 14th of June 2021 “the Company is aware of the following significant nominee holdings (over 3%) of voting rights in its share capital. The Company is not aware of any Shareholders other than the Directors that, directly or indirectly, hold beneficial interests in three percent or more of the Ordinary Shares or voting rights.”
If the “Company is aware of” then why was the reduction of Monecor (London) not included in the major shareholders update?
Path Investments Plc have 4 Directors (on reduced remuneration so they say!) and the only means for an investor or potential investor to make an informed decision is to rely on the information on the company website.
I think the Company are maybe getting the message that I expect changes and soon.
RKB
I see on google that Path’s head office, 15 Victoria Mews,Cottingley Business Park, Mill Field Road, Bingley,BD16 1PY shows in red as being closed. ‘Victoria Mews is permanently closed’. It’s not as there is activity there but maybe Path should correct this?
Well it's good to see a increase and on the 17th a massive 30 million share buy split in two 15 million shares...
Best wishes schalf
Still no reply ?!!!
Margaux 82.... nice $1000 plonk !!
Spreadex Ltd & FCA
I have this morning communicated again with the FCA about the late notification of a TR1 shareholding.
Spreadex Ltd were also late when they advised Path Investments Plc on the 8th of April 2021 when they crossed a threshold on the 25th of March 2021.
There is a pattern of late disclosure of a change in a major shareholding with Path and small shareholders could be at a disadvantage from a lack of information that the FCA stipulates in their hand-book.
How many more major shareholders will TR1 over the next few weeks?
RKB
Another late TR-1 coming out of the woodwork. Quelle surprise! Mr RKB has put the fear into large shareholders. Chapeau, good sir.
Makes you wonder what they actually do for their pay. Don’t they have a responsibility to share holders to actually do something or can they just take their pay until there’s nothing left and then raise again?
I smell a large rat here...............................................
pretty da mn sure this bod could have come up with some kind of annual lease of the DTU....it just tells me they were only half-hearted anyway.
Zoe will prob end up scrapping DTU...write it off.
What do our Bod do?
Currently we have 4 Directors:
Christopher Theis appointed 13/12/12
Nigel Fitzpatrick appointed 17/12/15
John (Jack) Allardyce appointed 20/09/20
Nicholas Tulloch appointed 10/04/21
As our company has changed a lot over the years, I am not concerned with the two most recently appointed directors John Allardyce & Nicholas Tulloch.
I would like to focus on Christopher Theis & Nigel Fitzpatrick both have been directors for 8.5 years & 5.5 years, respectively.
Christopher Theis currently has 7 Directorships, but I would say it is only 2 as 6 of his Directorships involve Path Investments.
Nigel Fitzpatrick currently has 27 Directorships of which 2 relate to Path Investments.
From the most recent Annual Report year ending 31st December 2019 (published 10th September 2020) I believe our Non-Executive Chairman (Nigel Fitzpatrick) was “economical” with the truth when he said “the global pandemic has affected all walks of life, and the semi-precious gemstone and manganese markets have not been insulated from this. It seemed sensible therefore to allow the Agreement to lapse in early 2020 and to concentrate our efforts on assets that are initially less capital intensive and at the same time potentially highly impactful” because he then goes on to say
“The DT Ultravert transaction would appear to offer those characteristics. The use of nitrogen within the technology brings clear environmental benefits, as well as providing cost benefits to well owners. There may be a number of other markets where the technology could be of use, offering other potential revenue streams to the company. Having signed a binding Asset Purchase Agreement with the vendors, we look forward to completion of the transaction with the publication of a prospectus shortly”
But not only have our “Current BoD” (at the time as Jack & Nick had not yet been appointed) not managed to complete any due diligence on any of the assets they were “looking” at.
What have Christopher & Nigel been doing with our money? They may be on reduced remuneration, but they have terminated the following:
Announced farm-in agreement (the "FIA") with 5P Energy GmbH on 15/12/17 terminated 5th November 2018.
Announced Heads of Agreement with ARC Marlborough Pty Limited on 18/01/19 terminated 13th March 2019.
Announced Proposed Acquisition of FineGems Extraction Corporation ("FGE") on 19/08/19 terminated 27th May 2020.
Announced Acquisition of DT Ultravert and Kansas Nitrogen Reserves on 27/05/20 terminated 15th February 2021.
Conclusion: Two Directors are being paid (reduced remuneration so they say) for what?
RKB
PS You have my contact details so maybe pick up the phone if you want to continue in situ.
I had an informative reply from the FCA and provided them with further details about our late TR1 shareholder’s details and Path Investments Plc.
I will not be informed of any sanctions (if any) taken against the late TR1 shareholder. You can find their name on the RNS dated 8th June 2021.
https://www.lse.co.uk/rns/PATH/holdings-in-company-x6z7xttjtgopjq2.html
The reason why I am not posting the TR1 companies’ details is because they will probably have my Posts removed.
In correspondence with the FCA I got the impression that nobody has ever “informed” them of the practice of late TR1’s.
I have been asked to provide any further details of any company who is not adhering to the Rules.
For too long, companies have been in my opinion abusing the rules of disclosure of their shareholding to their advantage (in my opinion) and it should not be permitted to continue.
If the FCA were to impose a financial penalty for repeat offenders, then it is possible we will be better informed when a major shareholder has increased or decreased their shareholding.
On Thursday, I sent an email to Path Investments to advise them that I had been in contact with the FCA. I have had no acknowledgement of my email, which is rather disappointing.
I am sure the “current” BoD will soon be aware of me, and they may want to look at Primorus Investments and see what happened to their previous Directors last October. (They all resigned, and I played only a small part in their departure, but they were aware that I was an activist investor just like at PATH)
RKB
PS My goal is to extract further TR1 major shareholders to declare their true position of our £3.5 million cash shell.
Something to do with the Arabian peninsula being split from the Horn of Africa by movement of the Red Sea Rift.........but what do I know!
Come on in! The water's lovely!!
;-)
Been observing this recently with a view to invest.
Was looking positive... until just recently..... so why the red sea?
I suspect many of these sells reported today are in fact buys. Many investors here will be awaiting the VoyagerLife IPO, in this otherwise dormant company, similar to those involved with Greencare Cap who also have an interest in a crescendo CBD market.
I wonder when market traders will learn integrity? Probably around the same time Margaret Thatcher takes up tap dancing (RIP).
Best of luck.
Good luck Mum .
The Buzz is good things lay ahead .
Best of
Just encouraged my mum to buy some shares......first time ever
Best wishes schalf
pop
Tick.
Agreed RKB,
A poor show Indeed by Ronan & Co .
Best of
TR1 delay
I have written to the FCA regarding the delay by Cantor Fitzgerald Europe, in issuing their “TR-1: Standard form for notification of major holdings”
A company of Cantor Fitzgerald Europe that has a turnover of over $70 million, should have the resources to issue TR1’s within the correct time-frame, in my opinion.
RKB
Indeed. Top up while its quiet and have gone unnoticed.
gl
Yes most strange. Cantor have come in under radar. Buy more