MAC notes13 May 2020 11:48
MAC notes – no advice intended. Corporate finance advisor that takes fees and equity stakes mcap £500,000. Mcap appears to ignore the value of the potential equity stakes if they were realized in the future. The material item is the Burgh island Holdings.
Known equity stakes
Company Value Stake
Burgh island Holdings £500,000 estimate 4.3%
Coldpress foods £10,000 0.41%
Future Biogas £8,000 0.16%
Burgh Island Holdings, CEO of MAC sits on the board with strategic partner OfficeSpaceinTown. MAC ceo also himself has 4.3% of Burgh. This gives him about 9% control in total and a say on the board.
MAC clients
• Burgh Island Holdings , Office Space In Town, Oslo Distillery, Hawksmoor, Yanis renewables, Coldpress foods, Corbin & King , Brewhouse & Kitchen , Koh Group , ReallyEnglish , FutureBiogas
Several of these clients will need strategic advice right now to get the hospitality sector refinanced. It Is feasible some of these clients may buy out distressed assets from the pub industry. 2 of these clients were about to open restaurants in New York.
Board stakes
Director 1 - MWN 19.6%
Director 2 – PCB 14.3%
Total 33.9%
Total shares in issue – 57,681,151.