Member Info for Darlonil

Well that's £85k down the swanee.

Good job I went back to work in 2022 when I realised I may have to wait a few years for this to be successful.

Writing was on the wall when they failed to race at Arizona Downs and kept quiet about it for months and months. I was so far underwater that there was no point selling, However yesterday I could have got £9600 so sometimes its best to cut your losses.

Difficult conversation with the wife who has been on at me to sell for about a year.

TenBagTag- Member since 17/10/24 and 800 plus posts ONLY about MATD - Hmmm

As a LTH I need 0.13 so I reckon I'll still be waiting a wee while yet to get there !!!

Need 2.8p a share to break even. I think I would take that now and put my £86412.57 into a savings account. No progress for the last 4-5 years.

Sold entire holding this morning - took an £8k loss. Can't see anything happening here now and expect it to drift back down to 6p. Looking to cash in the rest of my portfolio over the next 12 months then putting it in the hands of an investment company to look after for me. They can't do any worse than I have and at least I can moan at them if it goes wrong

Yes - it seems they think they just want to wait for the magical legalisation of sports betting in California rather than trying to be proactive and develop their product. Sad to see nearly 7p in April 2021 down to nearly 1p. Slow slow demise with as Taser says ' the same old, same old' !!!!!

Received on the 25th October

There is nothing specific to update so I really don’t know the reason for the large drop.

We would have announced anything if required

Annual results for 2022/23 will be out no later than end Nov 23

With Regards

Ed

Ed Comins

Managing Director

Webis Holdings PLC

Operators of WatchandWager.com LLC

Should be out by next Thursday at the latest according to the company.

I was going to write some in depth reasoning behind all this but to be honest I can't be bothered. Unfortunately the apathy shown by the board has rubbed off on me. Don't want to write off £50k by selling but can't see me getting my money back anytime soon. Back to work

In the latest RNS they role out the same old boll@C&s

Ed Comins, Managing Director of Webis, stated:

"Webis is very pleased to receive further backing from our principal shareholder. Their expression of support is important for the Company and compares favourably with other potential forms of funding considered. Webis stands in an excellent position in the USA gambling market and particularly with our array of content and licensed presence in the USA, particularly California. These are key assets that are not readily available to new entrants into the market, and we look forward to continued discussion regarding any potential partnerships, mergers, opportunities, and acquisitions to continue to build our strength."

How long have they been talking about his now - 3-4 years and still nothing

Turnover €145 million Ebitda €32million - slightly different to Webis. I think we might be wat too small for the big boys to be looking at. Hope I'm wrong

In the Feb 2022 Interim Report

Longer term

Existing operations

The Board remains optimistic regarding the current state of our business. Most importantly, our B2C operations are now contributing the vast majority of the margin derived from the business and we see that area as our focus for existing operations. On that note, the Executive are currently preparing detailed software development, payment processing, marketing and regulatory expansion plans for our core website. These four factors underpin a successful USA licensed online wagering site. There is, however, an obvious cost to all four of these items, some of which can be financed through existing cash flows. This investment is critical to the future growth of the business and indeed our market valuation. The Board will keep shareholders fully informed of any decisions to invest in the current wagering platform.

So todays announcement fits with their long term strategy from 2022, the problem for me is everything takes them so long to implement.

I've e-mailed Webis on several occasions to ask them to update on the Arizona Downs situation particularly as the racing commission was looking to revoke the tracks licence as they hadn't planned to run any meets this summer. I watched several of the Commission meetings where it was clear Harness racing was not going to take place this fall despite that being part of Webis' plan to expand its business.

Speaking on video conference during Thursday's monthly meeting of the Arizona Racing Commission, Arizona Downs co-owner Tom Auther said the Prescott Valley track had applied for dates in November and December, though he cautioned that a meet is "by no means guaranteed and we understand we'll be under real scrutiny financially." He said the track's goal would be to "pull together financing" and present possible race-meet plans during the commission's next scheduled Sept. 14 meeting. This is for thorough bred racing as Turf paradise is not racing this fall. as it usually does, as there's a sale going through and the new owner is looking to develop the site.

I would say all Webis's plans for Arizona Downs have fallen by the wayside but they haven't seen fit to update the market. This has been my main play over the last 4-5 years and I invested a 6 figure sum which is showing 50% loss at the moment. I hope this will come good and be acquired but I must admit I'm losing faith

There's normally as much culture on this board as my lunchtime yoghurt. Well done for raising the standards. All we can do is take a position and wait unless you're WOS and you live you life on this board.

And has been for a while !!!! Just listened to the Arizona Gaming Commission minutes of their meeting held yesterday. The Commission are seeking to revoke the racing licence held for Arizona Downs and at the hearing yesterday it was mentioned twice that the Commission had refused permission for Harness Racing to take place at Arizona Downs. Why have the company not informed the market of this event especially as it was a key part of their on-going strategy. Email sent to ask why?

Not sure how that works with a company looking to delist from AIM who at 25 April 2023, had cash of £516,000 with current contractual liabilities of £231,000. The Company also has ongoing costs including directors' fees, insurance costs, AIM listing fees, registrar fees, professional and other advisers' fees and website hosting costs. The directors of the Company (the "Directors" and together, the "Board") are taking steps to renegotiate fees where possible, however the current monthly spend is approximately £40,000 before any one-off expenses including advisory costs relating to the future of the Company.

Given the Company's cash position, its current contractual liabilities, the contingent liabilities it has to consider and the ongoing cost run-rate, the likelihood of the Company being able to continue for a period longer than three months from the date of this announcement before becoming insolvent is low.

At current free cash £285,000 and 53.5 million shares equates to 0.005p per share with ongoing expenditure to come off this. Current share price 0.0035p doesn’t shout out multibag.

Thanks for the advice but I’ll give it a miss.

Someone wants in this morning - can sell up to 1.5 million shares if I want and that hasn't been available for many months now

Was a billionaire

I've been contacting the company regularly about Arizona Downs especially after The Arizona Gaming Commission gave the current owners notice on removal of their licence for not planning to run any track meets in 2023, especially as the Board had said in their interims.

As previously announced, we have a contract to operate live racing at this facility with a planned start date of September 2023. At present, we are simply awaiting our license hearing from the Arizona Gaming Commission. We expect this to be completed no later than the end of March 2023, but will inform shareholders if these dates change. We see this as an important revenue earner in its own right, but also as support for our Cal Expo operations. In addition, it would provide us with extra leverage outside of California.

. This was their latest response - My apologies for delay. We will update all shareholders re AZ Downs and discussions with the AZGC as soon as we have something concrete from them.

In other words NOTHING IS HAPPENING - my £86k invested is now worth £40k

I personally think something is going to happen with the Stronach Group. The facts are Arizona Downs harness racing won't go ahead in the fall unless Stronach buy the track but Webis haven't released a RNS stating this, why?. The Arizona Racing Commission voted to give Arizona Downs notice to remove their licence last week. A video of the meeting is on their website and the Stronach group are mentioned as potential purchasers. Will buy some more shares if MATD bags over the next few weeks, if not I'll stick with my 3 million.