Member Info for Flightman

Net Liabilities £3.2M!!!

So for those of you who don't quite understand currently NAV stands as Negative £3.2M versus Mcap of circa Plus £400K.

WTF is Mark going to redress this.

0.05 now would be a complete gamble

Agree with all that Dan,amazed this wasnt marked down 20/30% on open,

At 0.15 it really is a gamble now,not sure how they can raise finance,certainly not more than 10% of Mcap,as Main listed.

Convertible notes,well you need assets which Challenger doesn't have.

This was good for a few at the 0.05 level,suspect in the next few weeks those kind of levels may be achieved once again.

So even if this falls another 50% those placee participants have still doubled their money.

Wow.

In terms of the financial health of the company they are actually bordering on insolvency.

They have received the cash for Dallas so suspect the balance is higher.

Maybe there'll be a saviour.

Final Rrsults Out.

£2M Loss

Total Assets £219k

Total liabilities £3M !

Cash 31/12/18 £29k.

Not great reading,am surprised with the low cash balance.

Grim year indeed it was, and appears to be currently overvalued .

Gl

Align are really just pumpers and dumpers,but good luck everyone!

In other words Samadhi it's all just spin

God some people are so gullible.

SL,PCGE and WSBN as you're fully aware are run by Richard Poulden, who's based in Dubai,with both company's registered there.
Evidently clear he mislead PCGE shareholders for two long years on false promises but he just kept raising cash by whatever means.
He decimated the value for many holders some with £100k plus investments,but he still kept promising a deal with the Chinese licence,which he valued at $2.8M,see the last audit.

Now he's kicked all remaining investors in the teeth stating the Licences no longer fit with their strategy and will extract at cost the licences to enable a RTO with Vox and Align,hence the suspension.
Now we hear the CFO of Vox has just been had up with fraud,well documented in the press and links on twitter by Doc H.

I dont think it's about haters of Richard Poulden posting here more a subtle hint as to warn unsuspecting investors as to what Richard Poulden has been doing to his investors in PCGE.

Just read through the RNSs at PCGE,then read those at WSBN,they're all following a pattern,almost a mirror image.

As far as I am concerned Richard Poulden has and is still misleading investors,and if by my posting on here can at least state my concerns then maybewill save a few some of their hard earned cash.

If only you could see the red flags SL,but good luck with your investment as your certainly going to need it!

Hi Ade,no not a TR1 myself.
There were three or four as I understand,including Samahdi.
I recall reading your posts back then,you were correct in your thinking.

Anyway will report back when I have more information.

Let's not forget in the fake unfair dismissal case against Nick Bryant,Pouldon stated the case had little merit,his words.
What does he do next,he pays him £278,000 out of court settlement.
Who paid for that,investors here whom were mislead,via placing.

He used the excuse of the tribunal as the reason for no deals,he lied about an American company who pulled out of an iminent deal due to the Bryant case.

He stated negotiations were advanced to utilise the Chinese licences
His personal friend owns Riverfort,he took this co and WSBN into a pathetic equity sharing agreement,which failed but ended up with penalty clause payouts of £400,000 to his mate in Riverfort.

He had the audacity to then restructure and consolidate at 4/1 then raise,effectively diluting holders heavily.

All the time there were never any deals on the table,just excuses,placings for free cash for him and the other directors.

I am personally going to fight this all the way to bring him to account,I just hope investors are not foolish enough to buy into WSBN,that's going the same way,zero shareholder value,restructure,dilution placings ,suspension and ultimately delist.

Pouldon has built up a huge nest egg immorally and now has to pay for his actions..

Good to see your support guys,what we cannot allow is for Pouldon to get away scot free on this obvious scam.

If you read a tweet he posted he states ,the need to extract Chinese licences at minimum cost!,well weren't a $2.8M price tag put on these in the last audited accounts,Surely the auditors need investigation too,alongside the Nomad at that time.

This stinks of corruption, falsification of accounts,basically every single investor here was given misinformation deliberately.

Have this morning contacted a reputable lawyer,made an appointment and have given him a brief overview of this situation.

Shall advise further,but suggest anyone hasn't yet contacted Aim regulators do so.

For anyone interested,take a look at the pictures of the Honduras gold mine,they were posted on the WSBN BB,
RP is an absolute joke,mugs are buying into that the mine is more akin to a hole with a few props surrounding it.

Summing RP up,he's a definite scammer,liar thief and I am hoping he's going to be banged up for several years,for his deception.

If the regulators don't act fast more innocent investors will be taken to the cleaners.

Am considering organising a Class Action against him

Silver light,One word for you GULLIBLE..

Pouldons in serious trouble with the regulators and you still believe him.

You're going to learn the hard way.

Inevitable I guess,he's been under investigation for sometime awaiting news

Trouble is Pouldon mislead PCGE holders,the regulators are now investigating,plus news today of another fraud involving a Mr Binks,CEO of Vox markets the company that was going to to reverse into PCGE.
You have to ask yourselves ,can you trust Pouldon with your cash?

Keep investigating that Honduras mine,Samahdi has this all weighed up.

Expecting an EGM notification,and as I posted previously on past form expect a 4/1 consolidation with a placing.

Everything I've posted is fact,
Pouldon is the one you should direct your frustration to.

Exodus at WSBN,I see,given the latest news not surprised.

Hopefully Pouldons day is coming

Would a serious investor buy this now,ummm no,not when you know the next news is an EGM notification for a capital restructure.
Probably 4/1,then the placing .

Everything Pouldons doing here he did in PCGE.

It's on twitter posted by Doc H

So now Mr Binks CFO of Vox markets in a spot of bother with the FCA,.

There's absolutely no way a deal will happen with them now.

What's happening with the Chinese licences? Were they just imaginary!