Member Info for Hedgehog100

Olderandwiser, We're clearly still awaiting ours shares in 'NewCo' (i.e. Intelicrypt Tactical Solutions Ltd.), and this latest news could be a step in that process. At least something is happening!

Thanks Muas, I agree. The three years ACO has spent waiting for the right deal, combined with the fact that the resources sector is just starting to recover, is very encouraging. The situation here reminds me a bit of Judges Capital (JDG) just over ten years ago. JDG floated as a shell in January 2003, raising �1.8M. net after costs at 95p per share, with a market cap. of �2M. at the placing price. 26/09/2003 08:00 UK Regulatory (RNS & others) Interim Results LSE:JDG Judges Capital Plc "Chairman's Statement I am pleased to report for the first time to our shareholders. Your Company was floated on AIM on 7th January 2003, after raising #2m, leaving #1.8m after costs. �" http://uk.advfn.com/stock-market/NGI/JDG/share-news/Interim-Results/5600638 But it only made its first acquisition of a company (Fire Testing Technology) in May 2005 (with a placing at �1 per share). By early 2014 JDG had reached about 2400p, making it a 25-bagger. The directors of JDG had a lot of their own money invested into JDG, as does Tony Brennan into ACO, making them at once very incentivised and very careful.

Thanks Muas. Not just a haunted house, but one with with ghost job offers! I've also just noticed this from ACO's home page: "Warning It has come to the attention of the Directors of Acorn Minerals plc that certain unauthorised individuals are offering employment with Acorn. The applicant is asked to pay a visa application fee. Please be advised that this is NOT the actions of Acorn Minerals nor anyone associated with the company nor in any way authorised by the company. Acorn Minerals is NOT seeking to employ anyone at present." http://www.acornminerals.com/ But the potential here is frightening!!

TGL director Charles Goodfellow delivered a fine result to TGL in November 2014, with their bargain acquisition of the quality tech security company GOS Systems from the administrators. He's also a director of main-listed shell Acorn Minerals (ACO), which at 9.15p (market cap. £1.3M.) is trading at just over cash. ACO's final results today said: "Whilst we have not concluded a transaction during the year we are very hopeful of doing so in the near future." Well worth a look, but be aware that it would be suspended for a RTO.

Jojo, That seems to periodically happen with ACO: occasionally you just can't buy directly online. That's why you have to buy here when you have the opportunity. But a market maker will at least have to sell you the market size (3,000 shares) at the market offer price, if only by phone: though to save phone commission you could put in an online limit order for the market offer price, and if it can't be executed online your broker should phone it through but still only charge online commission.

It's just over a year since the troll Muckshifter posted this on the main ADVFN TGL thread: muckshifter 8 Jul'15 - 09:59 - 6212 " ... I do think both companies will be desperately in need of further cash infusions within the next six months, never mind a year ... " Over a year after that prediction, TGL has had no need to raise more funds, and is currently expanding.

Mr TGL, With all due respect, you're not exactly a good judge. Here are some extracts from some of your posts: 9 Dec '15 " I settled my works accident for £200k out of court just 3 yrs ago and it's gone all because of AIM." 23 Dec '15 "At least I did have some good news today....... Chonca the share that multi bagged that was always repeatedly referred to crashed back down to earth.... Back all the way down to .50. So if you do have anything left, the door is open again in CHA" 6 Jan '16 "I could of lumped all this TGL cash into Chonca after that crashed back to levels worth investing at after a failed merge or whatever it was. It's already trebled from the price it fell back to and it's all because of TGL ..." 23 Dec '15 "The guy at the end of the phone will no longer be available to chat." Mr TGL, did you see Chesycustard's very informative 15th. June report on his phone call with TGL that day? It was absurd to think that the company would no longer be available to chat just because it delisted. And it was similarly absurd to think that CHA's 'dead cat bounce' from 0.5p to 1.5p (after rapidly collapsing more than 90%) was anything other than that. It soon fell back, and closed at 0.5p in April and May. (Currently 0.575p.)

Weak Sterling post the Brexit vote, and Britain's 'special relationship' with the US, especially in security matters: these are two big things that could help GOS's sales push into the US. "ALEX BRUMMER: Rolls-Royce lifts Brexit despair as falling pound could add £40m to aero-engine manufacturer’s profits" By ALEX BRUMMER FOR THE DAILY MAIL PUBLISHED: 22:48, 28 June 2016 | UPDATED: 22:48, 28 June 2016 http://www.thisismoney.co.uk/money/comment/article-3664658/ALEX-BRUMMER-Rolls-Royce-lifts-Brexit-despair-falling-pound-add-40m-aero-engine-manufacturer-s-profits.html "Windfall profit Exporters and international businesses early winners from Brexit" 07 July 2016 http://www.sharesmagazine.co.uk/article/windfall-profits "Marco Rubio urges American senate to secure 'special relationship' with Britain Ruth Sherlock, WASHINGTON 7 JULY 2016 • 8:29PM Marco Rubio, a former Republican presidential candidate, yesterday urged the US to secure the “special relationship” with Britain in a formal appeal to Congress. The draft resolution, shown to The Daily Telegraph, calls on President Barack Obama to show greater resolve in furthering America’s trade and defence ties with Britain in a post-Brexit era. …" http://www.telegraph.co.uk/news/2016/07/07/marco-rubio-urges-american-senate-to-secure-special-relationship/

The question is, why did the number of ACO trades p.c.m. increase by nearly a hundred-fold from April to June this year? There has been no ACO RNS this year (though its full year results are imminent), and no recent press coverage that I can see. There hasn't even been that much bulletin board posting, and what there has been has been mainly reactive. The logical explanation is that a big deal is brewing behind the scenes, which some people have got wind of: e.g. by using their 'skill & initiative'. The management here have certainly had sufficient time to arrange something, and ACO Chairman Tony Brennan was buying in heavily last year: 21/04/2015 13:53 UK Regulatory (RNS & others) Acorn Minerals PLC Director/PDMR Shareholding "9. Number of shares, debentures or financial instruments relating to shares acquired 250,000" "13. Price per share or value of transaction 14.6 pence per share" http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Director-PDMR-Shareholding/66503677 23/11/2015 11:50 UKREG Acorn Minerals PLC Director/PDMR Shareholding "9. Number of shares, debentures or financial instruments relating to shares acquired 450,000" "13. Price per share or value of transaction 150,000 at 9 pence per share and 300,000 at 9.5 pence per share" http://uk.advfn.com/stock-market/london/acorn-min-ACO/share-news/Acorn-Minerals-PLC-Director-PDMR-Shareholding/69430044

ACO figures for number of trades per month: August 2015: 13 September 2015: 5 October 2015: 3 November 2015: 16 December 2015: 6 January 2016: 2 February 2016: 3 March 2016: 5 April 2016: 3 May 2016: 5 June 2016: 281 http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00B6QZLQ32GBGBXSSX3 The volume of buying would probably have seen the s.p. much higher but for a pre-existing overhang which has now gone.

In the post-Brexit vote era defensive stocks like SIPP, with its secure income and strong asset backing, should be relatively more attractive. But not only does SIPP have excellent downside protection, but it also has very good upside too. The company has the potential to grow into a much larger operator, with a higher profile and rating to match. This process could potentially be accelerated by buying entire companies.

A summary of SIPP's first six property acquisitions: 02/03/2016 "The consideration for the two properties was GBP507,000 with SIPP funding GBP188,000 and the balance coming from funds drawn under the Framework Facility Agreement." 13/04/2016 "The consideration for acquisition was GBP349,000 with SIPP funding GBP207,000 and the balance coming from funds drawn under its facility agreement." 27/05/2016 "The consideration for acquisition was GBP245,000 with SIPP funding GBP92,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." 10/06/2016 "The consideration for acquisition was GBP424,500 with SIPP funding GBP158,500 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." 15/06/2016 "The consideration for acquisition was GBP570,000 with SIPP funding GBP216,000 and the balance coming from funds drawn under its loan facility agreement with Heritage Square Limited." The total paid for the six properties was £2,095,500, with SIPP funding £861,000 (41.088%). The net proceeds of SIPP's placing and open offer earlier this year (i.e. after costs) were approximately £2.04M. Before the fundraising the company held approximately £300,000 in cash. So that added up to about £2.34M., i.e. about 17.7p per share. So SIPP should be able to buy about £5M. or so worth of properties (including the six bought to date) using its existing cash and facility agreement at the current ratio. From SIPP's 02/03/2016 RNS: "The initial average gross rental yield from the most advanced acquisition opportunities currently identified and in discussion is expected to exceed 8% per annum." On this basis, £5M. of properties should yield in excess of £400,000 per annum.

SIPP has been drifting down recently on very low volume, despite positive newsflow. It's obviously overlooked, but that could soon change. At 16.5p it is at the bottom of its long-term trading range, at the price of the warrants from its recent fundraising at 20p, and below the level of the cash it had after that fundraising. 13,204,411 shares in issue x 16.5p current mid price = £2.18M. market cap.

SD, This is an extract from your last post, on 25th. May, concerning Jamie Ridealgh: "So he would have left around Oct/Nov 2015 then? The writing must surely have been on the wall by then that we were going to lose out listing, I mean us small shareholders also thought that it would be plain sailing and that the team at TGL and Stanhill were professional enough to know what they were doing, shocking. If there was something worth staying on at TGL/GOS for I am sure that he would not have left after only 9 months." It's a pity SD that you can't acknowledge the fact that he left amicably for family reasons. In my opinion you're contributing nothing useful to this board. You're supposed to be a shareholder here, but you only seem to be interested in posting negatively about it. What is the point of constantly attacking and undermining your own company?

Thanks for that very informative feedback Chesy. It's nice to have confirmation that Jamie Ridealgh left for perfectly benign reasons (contrary to what SD said earlier), and that the corporate restructuring is proceeding with only a slight delay. It's also positive to learn what we have a stake in CQCL as high as about 3%. Regarding the turnover figure: presumably it's the 2015 estimate; although we haven't seen TGL's 2014 results yet, that will include under two months of GOS Systems. The £1M. turnover figure is consistent with the expectations from the AGM in February, as reported then by singray105 on ADVFN. He said then that they were hoping to increase recurring income from about £400K. to say £600K., which might be enough to cover running costs, wages etc. And that the new product should generate at least ten sales this year at £100K. each and 80% margins. The important thing to remember is that the quality of the turnover is here very high: i.e. lots of recurring revenue, and at great margins. On a low cost base (which is helped by being unlisted), even say £1.5M. of turnover could generate £hundreds of K. of profits. And at a generous tech rating, that could certainly justify a valuation well above the s.p. at suspension (i.e. 0.525p). There' s no real reason to rush back to market, and plenty of reason not to, especially as the technology security sector is currently less highly rated than a year ago ... although in time that should change again.

YS, Interestingly, former Stanhill shell TEN has very recently become a shell again: 11/05/2016 07:00 UKREG Tengri Resources Disposal Update "...The completion of the disposal represents a fundamental change of business under AIM Rule 15 and as such, the Company is now an "AIM Rule 15 cash shell" for the purpose of the AIM Rules and has until 01 December 2016 to make an acquisition or acquisitions which constitute a reverse takeover under Rule 14 of the AIM Rules or otherwise seek readmission as an "investing company" with the attendant requirement to raise at least GBP6.0m on or immediately before such readmission." http://uk.advfn.com/stock-market/london/tengri-TEN/share-news/Tengri-Resources-Completion-of-Disposal/71612636

He may have the answers, but he may also have to be careful what he says. As Oscar Wilde once said: "There are no indiscreet questions, only indiscreet answers." Thanks Chesy for submitting that excellent and comprehensive list of questions.

I don't know about the 25th. May, but on the 23rd. May someone dumped 50,000 shares fro just 7p: Time/Date Price Volume Trade value Type 14:42:19 24-May-16 9.25 3,000 277.50 O 10:05:10 24-May-16 9.25 1,000 92.50 O 10:03:20 24-May-16 9.50 3,000 285.00 O 10:35:07 23-May-16 7.00 50,000 3,500.00 O 08:00:07 10-May-16 9.50 94 8.93 O http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B6QZLQ32GBGBXSSX3.html

SD, Senior people often move on for benign reasons, and I've no reason to think that's not the case here. Jamie Ridealgh's CV does indicate that he moves around a lot. It's very easy to insult professionals while hiding behind the anonymity of a computer keyboard, but in your case your comments are completely unjustified and misinformed. There is no unprofessionalism, and there is no shambles. For some reason, either your character and/or inexperience, you can't seem to grasp the fact that a private company can be successful and valuable, and that the delisting here was in the best interest of shareholders. The results: months and months of incessant, sometimes almost hysterical, whingeing!!! And I doubt that it is just me who is getting heartily bored by it!!

Well said YS! Stephen Hawking, Scientific Advisor to CQCL, is also not the sort to back a dud. The head of Grupo Arcano Alberto Chang appears to have deceived many people, including Richard Branson: April 11, 2016 — 10:23 AM BSTUpdated on April 11, 2016 — 3:47 PM BST " ... “I’ve known Alberto Chang for several years and I have been struck by his passion for innovation and his positive impact in a number of areas from education to space travel,” Branson said in an e-mail before his disappearance. In a follow-up message on Saturday, he said: “I am saddened to read the reports about Alberto Chang. Clearly, this is a developing situation and it would not be appropriate to comment until the facts become clear.” ..." http://www.bloomberg.com/news/articles/2016-04-11/whereabouts-unknown-chile-money-man-quits-job-company-life But to say that this discredits them is silly. With respect to Grupo Arcano's $50M. investment into CQCL, I believe that it was agreed as a staged investment over three years. I think that it's questionable whether any amounts handed over so far would have to be repaid, though clearly the investment agreement is likely to be suspended. The main issue for GOS Systems is re. CQCL's forthcoming Quantum Key Encryption ("QKE") products, over which GOS Systems has been granted exclusive reseller distribution rights. I don't so any reason why this should be negatively impacted though.