Member Info for andyarob

I asked about 4 weeks ago if ONZ had met thier inestment policy and was told yes dont worry about it ffs

out

Oliver Fattal has a new position at GIO Capital

AIM Chaos ‏@AIM_Chaos 9m9 minutes ago #ONZ Disposal rather due to de-risking and a rebalancing of the portfolio. Free carry of 4m shares and will remain a supportive shareholder 2 retweets 2 likes Reply Retweet 2 Like 2 More

holding

27k sell from this morning showing up

Wonder if thats the same person who bought this morning

Big sell popped up from ealier

Thanks

Has this company implemented its investment policy?.Im only asking because the last share i was in for 12 months didnt and was suspended then delisted .im just making sure.Anyone know?

Bit strange this selling the last couple of days

Been here 11 months so their not getting mine :)

Been here 11 months so their not getting mine :)

Looks like people are getting fedup waiting for news

Hi This message is to the public email list of Teathers shareholders. Please feel free to share its contents across social media so other shareholders who are not signed up to this list are kept informed. We have some positive news. Last Friday I met with Shard and had a very productive few hours with them. We spent the first half of the meeting confirming the details of the specification for the relaunch of the App. We spent the second half of the meeting discussing commercialising the App. I walked away from the meeting with Shard feeling more positive about the App than I have throughout this process. Shard and Teathers have reached agreement on a number of items including the specification for the App, a protocol for marketing the App (I'll share more details once I have had time to think through the ideas and put them on paper), confirmation of a number of operational processes and a new financial deal to help ensure Teathers can afford to launch the App. I proposed to Shard that Teathers would keep the first £32,000 of revenue generated by the App to help us cover the costs we have been quoted for development. In my previous email I said our budget is £40,000, but that includes a contingency in the event of any unforeseen issues. I am very pleased to say that Shard has kindly agreed to this new revenue arrangement. Shard didn't have to agree to this and it bodes well for our working relationship that they've allowed this change of terms. We will revert to the original agreement after Teathers has recouped the £32,000. As previously mentioned in a previous email we aren't going to reveal the precise terms of the agreement to preserve commercial confidentiality, but suffice it to say David, Stuart and I are happy with the terms. At the very least, under the new arrangement we have managed the company's risk well. Separately we have reached terms with a number of Teathers' creditors and have secured some significant savings on the company's outstanding liabilities. There were a number of very large liabilities, which were not on the company's balance sheet which Nilesh Jagatia gave us in early July. We also remain in discussion with the former directors and hope to have some movement there next week. We will provide full details of this in the report we have promised. Since they are going well, we have decided to complete the various discussions with creditors prior to issuing the report. With respect to the App, Tactu has started the Parse migration and will move straight onto the development of the new features once this is complete. At this stage we are one course to relaunch the App in the middle of October. There is a lot to prepare for this and my next update will include information about our plans for marketing the App. We have a number of ideas that play to our strengths and experience, which we believe could prove to be effective in the market.

Whats with all the selling?

to shareholders. I must stress that this is a preliminary estimate. The App generated just over £1,000 worth of revenue across the six deals that were initially offered through it. There is a lot of scope for improvement, especially in the marketing of the App. If the App is going to work commercially it will need to deliver a far better return than this, but the early revenue is an indicator of at least some demand in the market. The relaunched App will be stripped of unnecessary features such as portfolios and live prices. To include these features would incur >£16,000 a year in license costs for data feeds. Since we do not need these to prove whether or not the concept works commercially we feel it is best to save this cost. If the App is a success and we get feedback that these features would add value to the offering we can re-implement them in the future. If we go ahead with the development of the App we would aim to relaunch it by the end of October. As directors of the company David, Stuart and I need to make the final decision whether or not to continue with the App, but we wanted to consult with the people signed up to this list before we took any action. To be clear this is not a formal shareholder vote, it is just a consultation, but we would welcome feedback please as to whether or not you think Teathers should seek to relaunch the App. If you have any questions please send them back to us. We will compile all questions and answers into a single a email and send it to this group. Please get back to us as soon as you can. Thank you, Ben ----- TEA Shareholders Group

Hi This email is to the public Teathers email list. Please share its contents across social media so other shareholders can be kept informed. We've reached a crucial decision point with Teathers and the App and now request that shareholders provide feedback before we take any action. After discussions with Shard and Jason Drummond's company Tactu Applico, which has done the development work on the App to date, we've received final quotes for the remaining development required to relaunch the App. In short it will cost about £40,000 to relaunch the App. So far Teathers has spent >£200,000 on direct development of the App and we estimate about another £150,000 on App-related costs, not including historical board remuneration. We will provide more information about this in the report we provide. When David, Stuart and I joined the company our remit was to deliver a report to shareholders and put alternative courses of actions to a vote. So far this has not been possible because of the unacceptable delays we've encountered with Natwest. Additionally we've found: 1) Several of Teathers' creditors launched legal actions to recover outstanding balances the company owed 2) The database which has been used for the App (Parse) is due to shut down, meaning the App requires a new database to be implemented by 28 September this year to remain functional. All this has meant David, Stuart and I have spent far more time on Teathers than we initially anticipated and also that we've not been able to stick to our original delivery schedule. We've had to work extremely hard just to save the company and we're confident we've acted quickly enough in the best interests of the business. We haven't made a final decision as to whether or not we believe Teathers should continue to pursue the App. We are going to discuss this at a board meeting, but in the meantime welcome your feedback and suggestions. Before you provide these please be aware of the following: If we do not relaunch the App now it is highly unlikely Teathers will ever be able to relaunch the App and there will be no residual value left in it. We have explored the possibility of employing a different development firm to do the final development for the App, but with the Parse migration deadline just over a month away we believe that changing supplier at this stage would present an unacceptable risk. Financially Teathers is not in a good state, but we believe the company can afford to spend the £40,000 on relaunching the App while remaining solvent. So far we have had productive negotiations with a number of the company's creditors and have made some significant savings. We will provide more details about this in the report, but the reality is if we wind the company up at this stage and return funds to shareholders we do not anticipate being able to return more than 0.15p per share to sha

Was thinking the same when i read it.

Ben ----- TEA Shareholders Group