Member Info for Flightman

A near on �1M loss with cash balance of �79k as of the 31.12.17,trouble with Mark he talks big but now hasn't got a pot to pxxs in! When the NYW saga is over at what cost to Challenger,stake holders inevitably will be forced to dig deep into their pockets to complete the project,but I guess Challengers stake will just get diluted. Year end account speak volumes,Zero Revenue!,what a business,but can you call it that now,I don't think so,fundamentally businesses need cash flows,which Chal don't have,Mark is just praying that the NYW will be paying healthy returns in the future,but what about until then. He's absolutely decimated shareholders over the last couple of years,Loan note after loan note,that's really all he's good at. The next big new will be litigation for the SS �100K loan,what a fool gifting that in the first place,I think you can probably write that off too. Mark now cannot afford to spend another cent,and must just sit on his hands and hope the New York wheel restarts,that the only hope now for the company,and for God sake don't waste another �700K on the Elusive EOT. Not at all surprised no ones buying even down here,there's now too much uncertainty,which is totally out of any control from MG As said before a very sorry state of affairs.

Appauling

Marinville,many thought this wouldn't go below a penny,then not below 0.5,well we're in the twenties now so of course it can go lower. Everything's out of the CEOs hands,he must be like all holders praying for a snippit of positivity. One year delay so far,one year ago AB were in advanced discussions,one year later no progress with now much more uncertainty .In the meantime he's blown another �400k,EOT and SS,his investment decisions are absolutely pathetic,and investors are of course now very very cautious.

Appears someone's selling with many trades,it's similar to last June,someone's very busy like a bee

Unfortunately Empire Outlets are not part of the NYW project,although of course if the NYW gets build both will benefit one another.

Think it's fair to say there's not actually much going to happen here for several months,it's more akin to a period of hibernation. Marks best to lay low,stop spending on uterley useless companies,infact stop spending period. With just the hope that somehow there's a turnaround in the NYW,in the future,and only that will in someway recover the value here,but IMO as Paul Daniels used to say " not alot". , If you're in deep,just forget and just keep hoping,or proactively take the hit and invest into something that actually will deliver value,Choices are there.

I think it's a certainty that Challengers stake in the NYW will get diluted below its current 2%. My guess if AB do complete the project they're not going to be cheap,but in any case judging by the stalling litigation that's several months off. It does look increasingly unlikely that a restart is on the cards anytime soon,this could well go onto Q1 2019,but could infact go on much longer. It's a hopeless situation for Challenger,there's nothing they can do,no control in anything. SS what a complete balls up,can't believe Mark put �100K into this,I guess he was desperate for some kind of income given there's absolutely no cash coming from anywhere else. Mark isnt astute,he's been very careless,admittedly the NYW delay isn't his fault,but it appears he thinks big but never delivers. A very sorry state of affairs for holders whom have been diluted to nothing here. I really don't see anything positive happening this year,but guess he can keep the lights on some way or another.

Mark did say at the last podcast the company had �100k in the bank,and so it should. Trouble with SS and the return of the �100k,today's RNS states they are starting legal action for its recovery. I'm sure Mark would have been well aware of the cancellation before most of us,the wording in the RNS is worrying. You don't start legal action for recovery of capital if you don't see any problem getting it back within the agreed terms. So looks like already there's been discussions about the repayment,and hence today's legal action quote. Probably go to the county court,then onto the high court,so it's going to be rather drawn out. Best thing Mark can do now is just getting down the hatches,don't spend another penny on the EOT,as Miller posted that would just dilute holders down even further. It's a shame that every investment at this stage has stalled or failed,and the only hope is for the NYW to recommence,but that's not going to happen for sometime.

Raising cash was easy,what about the disastrous River Fort deal! Bench mark pre consolidation was 0.11,post now 0.44,and given the shareprice is substantially below that level there is a clause that states full repayment. Suggest you read that RNS. Re Bryant,RP stated the case had little merit,so why did he gift him �275,000,what merited that exhorbarent payment,. Pouldons not to be trusted,anyone can now see that,there will be another placing very soon,mark my words.

His famous quote is " If were offered cash , we'll take it" he said that at last year's UKIS,I believe it was one week later he did a placing at a 40% discount. Agree looking highly likely yet another placing and further dilution.

Typo wouldn't trust

Chan that's all well and good,but as Richard has said on so many occasions his hands are tied and under the British system he cannot discuss what they are doing but can only tell investors when a deal has actually been completed. Yet in the latest RNS he's discussing possibilities,yet that contradicts what he's been saying for over a year. The only certainty here is yet another placing,that's the simple truth. Personally I would trust this guy ever again

So Mr Pouldon tweets like before,only this time he ends by stating NO PLACING YET,and he used blocked capitals. So that infers another placing coming,. At least he didn't tweet Operational News in 2 weeks or three which was a Placing. Can't trust this guy,simple.

Actually Dan,have to admit you actually called this spot on months and months ago..Had great hopes last summer for the NYW but since then all the foundations of this company are it seem crumbling down. Seems to me now with this SS debacle,and now the ensuing litigation,more money effectively down the drain. The final straw would be the extra �700K spend on the EOT,but where's any information on that HUGE wheel. Having my doubts about Marks integrity,and unbelievable that Marins on the board and still no success in anything Mark invests the CLN loans on. Mark had big ideas,he bigged it up,spent too much on a project that he would have no part control in,basically as it stands I would have thought he's getting worried about whether indeed there will be any capital return. Very very sorry state of affairs and really scandalous that he's actually cost many investors a heap load of cash.

Just checked and that Secured loan note was issued 3.3.16 for �500k latest conversion 2.3.18 6 the March RNS states that �500K loan note was fully converted by issue of 9901353 shares,of which 4166667 for the conversion and circa 5.3M for interest. So how the hell did the note holders convert at 12p,that 9.9M was only worth circa �40k at that dates so. No way

Marinville what's your take on the position of the CLNs,specifically the 4166667 converted at 12p for 500k Doesn't sit right

RKB so that shareholder is not a happy bunny

Think a CLN is being converted,the MMs have more stock below 0.3 than what they've reportedly bought

Another odd thing here,why the hell doesn't Mark buy at this price,he paid 3p for 30k last summer,that doesn't instil any confidence,maybe he knows something.

Is the RNS out?