Member Info for Flightman

CLns are not finished by a long shot,and going forward they're the only vehicle for raising finance,whether it's for the elusive EOT,further funding to maintain equity stake in the NYW,plus everyday running costs. I guess the CEO got worried last week with that big fall and has mustered up some kind of positivity for this afternoon's CF. The only way this is going up is confirmation on the completion of the NYW,rather new contractor RNS,that's where the big spend is and could likely require additional funds from each stake holders with an expected revised completion budget. CLNs are unfortunately death spiral finance,and unfortunately in situations like Challengers where there's absolute deadlock on progress they hammer the shareprice down as we've seen and continue to do so. Not expecting much this PM,nothing price sensitive.

Will hold unless we get some big NT sells,someone on twitter got a quote for 0.249 on 5M,unless that's BS

Mark can't say anything price sensitive in the investor call,that's my understanding. Probably going to be similar to recent pod casts,basically repeating what most here already know. He can't tell us what's happening at court apart from the recent push back,neither can he tell us about the new contractor,or timing to complete the wheel. Very much doubt he will say anything about the �100k investment in SS,apart from the Stars lined up or to that effect. What this needs is an in depth RNS,detailing precisely the state of play with all three projects,that's all. Did a head count on YA CLN sales,there are more to sell down,maybe the investor call is to enable the sale of if that call indeed entices investors/punters

YA Global have a fair few million still to sell down.Thats the problem here so continued downward pressure. As we've sent today it doesn't take much for a 20% swing,the sp is currently highly volatile and whilst the CLN sells are at play expect more volatility in the coming days. Doesn't take many trades to go either way,but I'm sticking with an overall downtrend. Specifics of business are quite dire,in essence there's actually going to be no revenue for several months,could be 12/18 months and that's if the NYW gets completed before start of 2019. EOT purely speculative,$300K invested but nothing tangeable anywhere to confirm this project apart from the company RNS. With no revenues this current year the CEO will have no option but to continue down the YA Global route of CLNs,he has stated he wants to invest a further $700k in the EOT,that equates at today's stock value to more or less a further 100% dilution to holders. Starneth are dragging their feet and with the litigation repeatedly moved backwards it's highly unlikely that any resolution will not come from several weeks. Any contractor is not going to sign any completion contract with litigation ongoing so a restart will be delayed. All a bit of a mess to say the least,it's very high risk,too many unknowns and all dependant on the NYW really for survival.

Marinville,it's very risky,the conversions will be lower of course,the existing balance of loan notes may come into play with the EOT,Mark is prepared to throw another �700Ks worth into that invisible investment. Would like hard evidence about the EOT,nothing exists but hearsay at present.

The lower this goes the note holders convert more shares,which dilute holders more,death spiral it certainly is,particularly when there's nothing positive to reverse the decay

Believe this will fall into the 0.2s,trades not showing!

Market manipulation is in play here also.Theres a large sell(s) to show,they'll show that when it suits them. Several million now to convert,should get an RNS

Seems to have dropped the seat prices by some margin.Looking at the seat availability there's not a great take up. That's one expensive venue,plus the star fees etc so,doesn't look like it's going to be that profitable,maybe break even,so could impact on the capital interest return. Things actually couldn't be more dire now for Challenger,every investment is at this stage failing,and our CEO is doing nothing to curb the value destruction. YA Global never lose they just convert lower with interest conversion thrown into the mix,if no one buys substantially this will just keep heading south. Abysmal

Sorryiful situation now,too much uncertainty,everything in Limbo,even SS debatable,but those CLNs are hammering this down now.There must have been at least a 2M sell at 11.35,delayed of course,the MMs hoping to show as a buy if this fall's further. Even now at this price highly risky with more CLN sales to sell down. No word from the CEO,! Agree the EOT,where's all the info,but our CEO whacked �300K into it,didn't he!

Let's see if that large sell shows from 11.35

Must be large Cln sales being hidden

Trouble there's no support,so with the CLNs still selling down it's going lower I'm afraid. Court case is going to drag on,but just how long that's the question.

More than likely this will fall further with more CLN sales,we shall probably rather definitely get a conversion RNS at anytime,and certainly before end of tax year.

Another CLN sale,as I said these are decimating the shareprice and there are a few million still to sell down.

21% fall today,didn't see the crowds filling their boots! Anyone whose researched here and is fully aware of the current and only funding vehicle fully understands that that vehicle is going to push this lower. Judging by the size of the drop don't be surprised to see another CLN conversion RNS,which is going to be lower than the current value. YA Global are ruthless they never lose,only those that pay for those conversions do. Basically the CLNs are destroying this stock now,but Mark has no way to stop the decay,all positive news in the future is literally out of hands. Court case isn't going to be a quick fix,Starneth are you going to drag this out and whilst there's huge litigatitive uncertainty I very much doubt American Bridge are going to sign on the dotted line. Even when the court case is resolved there's going to be a hell of alot of work to finalise any completion of the NYW. Both the owners of the NYW and any developer will have to agree on budgeting,timeframes for completion etc etc. Believe most of the original budget was used up to the point of cessation of works,what's going to to be the revised costings? Maybe Challengers original stake will be diluted due to an increase in total budget,we just dont know. So many variables,no timelines to work on and no other revenue producing entities to bolster the company's coffers As I said the only revenue for 2018 will be the �40k interest from Star S. Only one certainty at present are the destructive CLNs,

Not sure he could afford it,but wait he can use the loan notes.

Mark wouldn't say that now would be,he and we all know what CLNs do to stock value in long periods of no news,It Falls! Even now at this price there are more conversions to sell off,and very likely a further take up of that remaining �1M loan note. Downward pressure will continue until court resolution/AB announcement,if indeed it's going to be them!

Looks like another share allocation RNS coming

Basically the CLNs are killing this and have been for some considerable time. Until a RNS states timeframes and if ever AB sign the contract the stock is at the mercy of you guessed it those CLNs. Mark's likely to hand over another �700ks worth for the EOT,that paid by CLNs which very likely will dilute the stock almost by 100%. It's the NYW debacle devaluing the stock but the CLNs are killing it!! Short to medium term this is likely to fall further,it's that news from NY that can only rescue this now,it's unlikely though for a few weeks if it comes that is.