Member Info for countingcards

Appreciate your reply BC2021. I never read the appendix as it was not showing on small tablet. Thanks for clearing up.

Thats exactly what I intend to do. Its not said anything about a NASDAQ listing and not going to guess they do but no point in selling for me if what they say is true about being debt free.

Thats correct its only the share trading that has stopped. I had that in an email for clarification.

very clever ff, did you take “nhs up xxxx creek” as a standalone statement that there are many interpretations to people can think, or was there further context to that statement which would make it more understandable but you conveniently left out? what did you want us to mould into our thinking?

i am totally amazed why some people even get into investing or is it a trade that snowballed out of control? and now it gives them the right to **** off the company at every opportunity to find a scapegoat? the price of the share is influenced by many external issues and those issues depending on your approach can drum up an opportunity at these prices or regrets. depends how you control your emotions and how you are approaching this.

i was there at the agm the day psl became bou, and met john treacey, depasquale, and co, and voted against any further placings for psl which then created the shell. i was confident that day and still am that they will deliver.

i am glad that the communication between board and ‘investors’ (really the snowballed out of control traders) is kept to a minimum as from what i read from some these posters it would better for all.

“as has constantly stated the fastest way to get to market is through the us, once that is done i am sure other regions would quickly follow” absolutely bang on daddylonglegs.

The price movement has been near static, and basically moving within a top ask of 0.4 and low of 0.34, with bid bouncing in between. Not really interested in the short term price movements other than it is certainly facilitating in my view constant heavy buys which to me is pointing to stakebuilding, as by now the price would have moved out of this range and given the placing recently was at 0.5p. 1m in the grand scheme of things is not a lot of buying but added to what is other buys and within a price range puts an entirely different slant on this. No problem the price being here if that is what is happening and then followed by the upward correction once the buyer (if there is one) is done.

If Rob Bennett's reply went out at 9am this morning in reponse to Lord Mott's Linkedin piece then we have a run of buys starting at 9.22am with 1m, and now few minutes ago a 16.6m trade. Thats around £50k. Tell me I am wrong.

Https://www.lse.co.uk/rns/CIZ/holdings-in-company-225hfcfo7b5a6a5.html

Dave82 don't worry my friend, will put your mind at rest later.

I have been here before and not saying two situations are alike, but the last one was worse than this but we knew more detail. This one surprisingly is not yet details are few and far between.

Is this paragraph from July 17th 2023 hold any clues especially the first stipulation?

The Subscription Agreement also contains certain covenants in favour of WHI in respect of (i) the Company incurring financial indebtedness in excess of £50,000 without the prior written consent of WHI, excluding the 2025 Convertible Loan Notes, (ii) amalgamation, demerger, merger or corporate reconstruction of the Company, excluding a change of control or other acquisition of interests in the Company by WHI or third parties, without the prior written consent of WHI, (iii) issuing shares or share capital (or any instrument convertible into shares or share capital) to any person, other than pursuant to options or warrants which are outstanding at the First Completion or pursuant to a bona fide employee share or share option scheme, without the prior written consent of WHI, other than in respect of repaying all or any amounts due under the 2025 Convertible Loan Notes, (iv) the appointment of new Directors of the Company without the prior written consent of WHI, other than to replace an existing Director, (v) any substantial change to the general nature or scope of its business as carried out on at the date of First Completion and (vi) entry into a material acquisition or corporate joint venture transaction, excluding for the avoidance of doubt the acquisition of trading stock in the ordinary course of business and distribution or equivalent commercial agreements in the ordinary course of business, without the prior written consent of WHI.

I should of added that they are technically insolvent and their assets may have fallen below the required £700lk requirement for the LSE threshold, given the current actions by INL.

Mr M

If I can just clear up one thing. I have it on good authority that they have not ceased trading, but have ceased share trading. The tweet that went out was a mistake in that it was already in the automated system and that now will be amended in future. As for why they are in administration, maybe for temporary safety, although not kidding anyone, you really want to try and avoid this avenue, but by the actions of INL it may have been forced for now.

Dan if you could send onto bould12345 and its hot with a mail and com. Just in case its blocked here. Appreciated.

MrMagorium

You are raising exactly some of the points I have been asking today. The same video should be investigated as he clearly stated break even by the end of the year or before. Loan notes being called within the year, and no reason given as to why? No indication of any issues with INL in the video.

Either he is talking BS about large supportive shareholders, one of which is Aviva with around 8-9%. I have been onto Allenby but not getting any reply yet. You can understand a slow death and one could argue this is what has been happening here, and all the signs were there etc, but a sudden one especially with a company who already partner's and without much explanation is not adding up.

BS8765, agreed. 4.42pm announcement of potential suspension then pre market Monday closed down completely. This is severe and if the CLN redemption has created an insolvent situation then you would be trying to use time to see if there were backers. Either they have backers who do not want TB at the helm and that then means BODs are not fulfilling their responsibilities to shareholders. Yet I also have to say that 4 mins after suspension this morning they were tweeting about a new win in the USA! This is why I question "ceased trading" as in the shares? or ceased as in completely as a going concern.

I know might say forget it and move on. I reminded myself this morning of the similar situation 10 years ago, and there shouts of "its bust" "you have lost everything " and yet it came back 13 times the suspension price. Not saying anything like that here but this does not add up.

This was put out 2 hours ago on twitter which is slightly confusing if the company has ceased trading. Should they still be tweeting?

East Imperial - Premium Tonic Waters & Mixers

@East_Imperial

·

2h

We're delighted to announce that #EastImperial is now served at Understory, San Diego. A revolutionary luxury lounge bar at the heart of the Del Mar Sky Deck. #EISB #AsServedAt

No one shareholder is in possession of all the facts. What we do now see is that there is the possibility that TB and INL had planned this from last year, because as of Friday afternoon we have no idea why all of a sudden they call in the CLN . If Burt only a month ago was saying we are close to break even and especially by Q4 2024, and they were getting business in the USA, albeit we not sure at what levels those deal were really worth then the Chinese would have been aware of this, so why pull the rug now? Has their been a default? If not then why take the entire company down if the Chinese were always after the Singapore arm of the business. That is clear as it was stated in the CLN notes. TB shares will go over to them as well, and which means he stays in the game in some capacity.

No one likes losing money and its best to remain positive for other things, but the speed this has been conducted at does raise questions. I personally have to believe that no attempts were ever made to find other sources of debr financing and that this was the route carefully planned from last year. What else are we to think?

They have announced as of 7.57am in 2nd RNS that they ceased trading and have appointed an administrator.

Newgrange

I made a point that I did have an investment over 10 years ago which was suspended with the threat of administration looming. It came back 13 times the suspension price a month later and ended 4 years of constant torture, and a shocking profit. This is not suspended nor in administration thankfully. Initial surprise is always there but then by going through old news with fine comb it starts to slowly make some sense. I am hoping they are using the weekend to thrash out something.

What is becoming clear is that East Imperial have an excellent product despite what a few say here and it has won industry awards but the opposite of that is finance always seems to be an issue, or logistics, or especially people leaving. Something is stalling the process and it needs attention and quick.

(cont'd)

There are several reasons you call in a redemption notice and one of them is a default, or is that Horace Ngai resigning has triggered this situation? He was the representation from INL and has this upset them 24 hours later? What caused his resignation and then the subsequent chain of events.

Also consider on the news of the resignation there was not much activity in the market, but then also when news of possible funding update was announced there was a run of buying. One could argue shorts closing which would tie up with the negative vibes we see on here towards EISB everyday, but then its hard to short something like this, or its buying in anticipation of further news. Afterall as I said before why was this not suspended or placed into administration immediately, since EISB confirmed they were unable to pay back their instalments to INL.

17 July 2023

Jason Ieong, CEO of WHI, said:

"Being a leading distributor of Imported Spirits & Wines in China, we are excited to extend our business relationship with East Imperial, the global purveyor of ultra-premium beverages. With our support, we believe East Imperial will be able to fast-track its global development in all strategic markets and capitalize the premiumization trend in the beverage category globally."

So, I am slightly confused without more detail how we have got to yesterday:

East Imperial plc, the global purveyor of super-premium beverages, has today received a Redemption Notice from INL Investment Limited ("INL") issued in connection with a Convertible Note Instrument dated 7 August 2023 (the 'Loan Notes') and a Deed of Share Charge dated 16 October 2023, first announced on 17 July 2023. Under the terms of the Redemption Notice, INL seeks immediate redemption of its Loan Notes totalling £2.2million, together with all interest due under the Loan Notes.

With all the openings we are getting in the USA, has this been where the larger focus has been and expenditure which has made INL think twice?

Another thing and I know others will think I am clutching at straws, but if this was over then they would have called suspension last thing yesterday, OR they would have confirmed they had breached solvency and gone into administration immediately. All that has been said is on the 11th of April 2024:

“The Company has been in discussions with a wide range of potential sources of finance, including debt funders, over the last few months to seek to provide the working capital required for the continuation and development of the business.” So were EISB aware of a brewing situation for some time.

The next day we get:

The Company is unable to meet this redemption liability and therefore the board is now in discussions with professional advisors in connection the Company's possible administration or liquidation, and with the FCA regarding the potential suspension of trading of the Company's shares on the Main Market of the London Stock Exchange.

To me last year BODs were telling us this was the only option we had, and we should vote it through and then it got voted through. This after the messy boardroom fiasco and Taylor Partners messing with selling into the market 2022-23.

Spank.theMonkey

Appreciate your reply. Not saying it will happen, but I have been here before in another situation ironically around 10 years ago. After absolute pain for 4 years not only got initial investment back but also profit. As I said it may not happen here but will see how this plays out.

Absolute gift price this morning. Thats two investment projects for me closed off in one week. When others run around screaming and crying, and get all emotional they cannot see potential opportunity, its best to be away from it as their failures will rub onto you, if you are not careful.

Its an investment and should be treated as such. If its a punt then I have no sympathy for you. Its an investment that can go up or down and should be respected as such, and if its a punt then it will always fail and deserves no respect.

I am getting a lot of blanked out posts as a few are on filter, and I have no interest to read their content, although it shows how many of them suddenly turn up on what I accept is a massive drop in price and value, but it shows how emotionally attached they are.

Its an investment for me.

I agree given that they iNGENu have the quality to provide access to venture capitalists and also other funding groups who target Bio-techs, with a good degree of success. Also potentially access to other Australian Federal and state incentives. They can get start ups for phase 1 or 2 trials up and running between 8-12 weeks. This is why I was interested that this will positively impact our numbers going forward on costing.

Based on the recent buying I am getting more convinced that we have 'interested' buyers taking a stake.

Surely this will have a positive impact on reducing overheads while the phase 1 studies are being conducted and hopefully going forward.