Member Info for Flightman

Emerald the tweet was posted on #ast and does indeed look genuine,the article was written today.
The guys in ARSO now are ordering an environment impact assessment,.
Nothing sinister implied,.

ARSo now wanting environmental impact assessment
Look on #ast

Check Twitter,articles just out

Was a negotiated sell trade,
Expect TR1 maybe Peel Hunt

Several 500Ks coming through,you just never know,a leak maybe

500k buys coming in

Suspect larger trades will fly in just before permit news,always the case,agree won't take much to go above 0.9

Big trades coming through,positioning for the permit news I guess

Over the past few months I have actually been in regular contact with Mark via email,he was always Uber positive about the outcome of the New York Wheel,though given the complexity of the ensuing court case I was somewhat not so positive,having derisk initially then sold out fully about a month back.
Mark always responded to any questions I put forward obviously though not price sensitive,but now his stance has changed.I have emailed him and now not receiving any replies,I specifically asked what the next steps would be for the company,what's the position with the note holders,is the company going to delist,all those sorts of questions,but he's gone very quiet.
Some might say why bother if your not invested,well I spent a great deal of time following the company and invested quite substantially,for me anyway,and I am interested what he has planned for the future.

Even at a Mcap of sub £200K that in itself would to some warrant an investment here,I certainly would have if there had been some future reassurances about the finances but unfortunately there's just too much negatives,outstanding note holders,No revenue and an absolute diabolical fiasco with the NYW and the very high likelihood of a total write off of the $3M investment.

Specifically asking Mark whether Challenger was going to delist and receiving no response,well that answered my question and absolute refusal to further invest in this company which has wiped more than 98% of shareholder value.

There's no investment case here now,and hope existing holders can salvage what they can whilst they hopefully have the chance.

Marin must be in hiding,all those investors he enticed into the project,now doomed and disbandoned.
Just hope those guys who invested $500K get their green cards,they've been through an absolute nightmare,as have long-term investors in Challenger.
Realistically the $3M investment is written off,may get only a fraction back but that's not going to happen anytime soon,sure there's going to be a plethora of court cases, claims and counterclaims,could actually drag on for years.

The major of New York,now deliberating choices for the garage complex,$60M wasted on that,and due to breach of contract,being handed back to the city,can you believe it!

Next news no doubt the auctioning of parts for MS chapt 11 bankruptcy,.

The £300K blown on the Texas wheel,what value can you attribute to that now,and how the hell are they going to get funding for the whole project with the likes of Marin on Challengers board.

So in the next 9 months the max revenue coming into the coffers is £65K,that's if the owner of the failed SS keeps up with her payments.

A RTO is absolute nonsense here,there are outstanding loan notes and there's absolutely no way any investor is going to lend to this company .

Personally I believe this is now dead in the water,and ultimately will delist.
It was pumped on the 25th,but as usual was dumped on the 26th,and still highly likely to have a nasty final stint in its tail.

Received direct message from management.
I enquired whether they would be operating in November as per last RNS,they state business as usual in the interim and would advise further matters should they arise.

I guess if there's no funding options like the last time it could well be cessation of operations.

Due to breach of contract the garage complex to be handed back to New York City.
Latest news on SIlive,sorry on mobile can't upload.

Sad to see punters being incouraged here,the business is at failure point,no revenues,a mere £30k or so in the bank,outstanding CLN holders,and a massive loss of $3M from the abandoned NYW.

Marinville,what you state is pure fact,the company is now in negative territory with regards to NAV,and unfortunately I really don't see much choice for Mark but to declare a delist.
Peel Hunt increased their holding on the 22nd,maybe betting on a positive outcome re the ability to partake in the auction.Small try to them though even with their 55% loss in two days.
I guess those that don't fully understand the full implications of today's news which was the final nail in the coffin for Challenger may well take a punt following the TR1,but for me far too risky and in any case if this did rise a few percent am sure many will try to salvage whatever they can,so no more than a pump and Dump.
Great shame,huge mess and unfortunately absolutely nothing in the pot,what was it £35k a couple of months ago,certainly no ability to execute any further deals,unless he does a mega dilution.
Best to shut up shop,and end this sorryful saga.

Btw,am a few time zones East,

Peel Hunt TR1 30M shares,11.2%,date 22/10/18,notified today.
They've lost a fortune

Probably suspension RNS after close

Jexie,are you still holding you were Uber positive

Tony 0.1 think you being too optimistic,the MMs will mark this significantly down pre open if there's a RNS,this is after all significant price sensitive news.

I guess that Star S woman is jumping for joy,hoping for what seems inevitable now.
Always one or two winners in this kind of situation.

Not sure what if anything Mark can do,I guess he'll use similar statements re SS,re legal teams and making claims.
This is a different ball game,Chal an unsecured creditor but the CLN holder has first charge on one equity unit,so it's actually all one big mess.
Don't actually see any business here now,Mark should have never blown 300K on Odyssey.
Hope holders can salvage what ever they can.
A sad end to a long and exhaustive saga.

Don't even think traders will be interested in this tommorow,I personally think Mark will throw in the towel,there's absolutely no shareholder value here now.
Can't even imagine what the company's worth after effectively losing $3M,which is the reality here.