Member Info for Bampster

I think IK bought TGL as a shell with a view to some possible use/RTO at a later date and GOS just happened to come up for grabs at a bargain price.Clearly the CQ venture was always about to happen and many(including me) jumped to conclusions.Trevor Wells did tell me in our first chat that at that point CQ was not large enough to RTO with TGL but never actually said it was likely.Franz told me categorically that there was no plan to RTO CQ into TGL but I guess anything is possible and IK and his clients have built up large stakes in TGL for some reason. In a way the longer the delay the better.If there is a grand plan involving connecting 3 companies and possible listings on different exchanges it seems reasonable to take time!

Not sure how much further this will sink.I am around 80% down and that is after the wondrous RTO that has only made things worse.Share consolidation that DL dislikes was applied here and ability to raise or drop profits to suit is another worry.If it is such a licence to print money and a dividend is around the corner why is nobody buying? I think it is because people don't believe it. It is a disaster for smaller shareholders with no end in sight!

Yep,I think news could be bigger than we expected.As far as ringing is concerned I have always found Trevor and Franz very frank and helpful

Agreed.I noted that payment of dividends for the new OCT are subject to certain conitions and after,I think,all remuneration packages and other costs(not sure if that includes investments).Of course the old GIS has form for investing in other companies connected with the man who ran the business and I am sure he had sound financial reasons for doing so.Now you say GIS has shares in Lenigas Cuba.Let's hope that doesn't stop an early dividend to us longstanding shareholders!

Are you still in here mate?I really think we will struggle to get a decent reward.Past performance(of GIS) could be taken as a guide to the future and that is my worry!!

There is the rub-possible dividend of 50% of cash AFTER all corporate costs(which I assume includes wages/payments to directors)This may also include cost of subsidising other linked companies.On that basis I do not expect ordinary shareholders to be seeing any dividends anytime soon. Seems like OCT shareholders are paying a very high price for this 'wonderful' RTO!!

They could have put a positive note on the end.It is either a desperate situation or much is going on and they do not feel the need to reassure TGL holders.For those not in the loop it does not help to reassure.Surely more explanation could have been given!!

Good thoughts.Either way this is looking very good with the CQ tie-up on sales.Waseem was very upbeat about the GOS connections

How do you know TGL are looking at another possible aquisition/RTO? Is it something I missed earlier? At least we know for sure it wont be CQ but there is clearly huge interconnection with them.Waseem is clearly the no2 to Ilyas Khan at Stanhill Capital so happy with what he has told us!! Not concerned how long all this takes as they need to get it right

forgot to say that the reason the 18 month period is irrelevant involves the fact that the domicile of the company is being changed from Canada to UK.Waseem said that a new UK PLC was being created and all TGL shareholders would receive shares in the new PLC.

Wassim rang back and suggested I contact their broker about possibility of both trading shares now and if I wanted to be considered for any placing.He was not sure what could be done. There will be no RTO involving CQ but we are working closely with them hence deal to market their innovations over next 5 years(mainly due to GOS connections worldwide. I asked about protection of TGL shareholders and he assured me there will be no worries about the 18 month deadline on re-listing or a wind-up with cash return to shareholders.He said a new UK plc is being created and TGL shareholders will receive shares in the new renamed entity.Listing will be by the end of this year or early in 2016 and everything is being meticulously being put in place

were you one of the questioners today.As stated earlier I listened in but couldn't place a question despite several attempts.Just hoping that converting from a Canadian domiciled company to UK does not have negative impacts on UK shareholders.Thinking about it they could have put out an earlier RNS about that and the possible longer delay in relisting as it could not damage the sp of a suspended share!!

just had a phone call from Waseem although I left no message.He is off to a meeting but is ringing back later.Will post the outcome

I just rang and got recorded message that 'noboby available at present on this extension' Sounds like a contact point for more than one business although twice this year got put through to either Trevor Wells or Franz Forrester. Then rang finnCap but both named contacts were in a meeting.If any one else wants to try my 3 questions are on the thread below!!!

I joined the meeting but reception was not great.I did give my name and location to the operator.Having pressed 1 on my keypad to place a question nothing happened although I repeated the process several times. I wanted to ask 1 Is there anyway to deal in TGL shares before re-listing 2Will ALL shareholders be able to participate in any new cash raising/funding that is required 3 Are there any plans to reverse CQ into the new business I will try ringing now!!!

Yes I am aiming to

Agreed.Also Hedgehog is right in that the financial size of CQ should now facilitate an RTO.It certainly would be unwise to have an open forum unless you have something positive to discuss.I also feel that Mr Khan would not risk his reputation if a stitch-up of TGL investors was on the cards! All looks good to me!

Well the latest annual accounts for GIS showed a huge drop in profits and that seemed mainly due to remuneration.Then 'just like that'RTO and big increase in profits.Not sure how AIM rules might stop controlling parties paying themselves huge amounts or using company funds to support another company with common directors/shareholders but I suspect the market does not see the new entity as a straightforward money making machine otherwise the sp would be 50% up not down. I was rather concerned to see that the main man immediately obtained a rollover of the payment of circa £250k pa for services to another of his companies on completion of the RTO and that after a huge drop in profits. I would like to sell once I can get a break-even price but can't see this growing 80% any time soon.Deeply regret getting sucked-in by tweets but stupidly took them at face value.

Well since that great RTO with GIS the Oct sp has nearly halved again.No worries for 'the concert party' who are locked in for a while and clearly no need to worry about ordinary shareholders who are up to 80% down on this'thoroughbred'. It seems the market is judging this by the way GIS was run as a private company.

I can't imagine that the BOD are doing this if anything negative is likely to occur.The $50m being put into Cambridge Quantum by the guy who made a fortune backing early stage Google suggests that company has a great future.TGL has very close connections and financial dealings with CQ plus common major shareholders and directors.I just wish I could buy more TGL now at the suspension price.CQ are due to come to the market this year,TGL are ready for an RTO and I would not be surprised if this is how they will get their listing