Member Info for JOHN112334

The £1m 'contract' was predicated on an interative set of deliverables. In short it wasn't a standalone £1m contract but a serious of pithy tasks that may or may not add up to that amount.

Heart10_5 - Feeling a little nervous are we? You can tell, once the abuse starts.

That's not an assumption. Read the RNS.

He's stepped down from the board but is still 'working in the background'

Don't have to be on the board it seems to be able to run or influence this company.

Basically, you have an unelected and unaccountable Chair / CFO pulling the strings.

hillybilly - The thing is this is a ticking bomb which could go off at any point (it's well over due).

Yes, the traders and brokers will fcuk around with the SP up and down and attempt to break new lows but at the end of the day the fuse was lit in early december and by the end of this week FOMO will kick in with those looking for a good investment for 2020.

Psn1 - In short yes.

On relfection, it would seem a little dumb to go to the expense and hassle of setting up an main market share to do such a thing when they could have just done what everyone else does and set up an AIM share. Also, it isn't as though they have raised or made a large amount of money via raises (they could have really taken the pizz if they wanted too) and have chosen just to take 'expenses' level amounts.

I know a few are contacting the company and SLIM at the moment to point out the issue. So hopefully get something back soon or just get an RNS.

Havoc - This is the point we are making. No doubt the company will succeed, it's a good set-up but will it succeed for us? Very simple question, which the shoddy website (an offifical company communication afterall) has cast a little shade on.

I didn't have an issue until you started posting.

If you can't invest in a stock where people ask genuine questions and you try to shout down everyone who does then it is you who are the insecure investor.

Secret_Blue raised an excellent query and we tried to work through it. Clearly you don't understand the question and just saw red. Very sad.

Questioning to governance and structure to ensure investors get the full benefit of the profits coming to a company is hardlt a witch hunt.

If you don't understad funds and how they are set up , I'd highly suggest to use the remainder of the day educating yourself.

Relying on the 'Danny' said approach doesn't protect your investment. Go and ask all the Sound investors who relied of the 'Parsons' said approach.

Stretchum - This isn't a 'witch hunt' it's investors asking very relevent questions about the information presented on the website against what is known on official documentation. It's very relevent and as Secret_Blue stated, now is not the time to get 'fuzzy' about things. They need to get a governance diagram on the site as soon as possible and also something about potential earnings for the PLC.

to satisfy any conspiracy theorists out there. It would seem supremely dumb, should your aim be opaqueness, to show your hand before you get any contracts in at all.

Also, you don't want to mess around with the SEC, they don't like inaccurancy on declarations (which I don't think it is) as both DS and GS live in the US and are 'within reach'.

Think this is all down to shoddy web development and the xmas period providing a lack of chances to complete it.

Once it's fully enriched with correct information then it would be good if they put out an RNS.

It's not passworded anymore.

Personally, if they were going to go down the route you alluded to in your original post then I can't see the point of going to the hassle of setting up and running ALGW.

I might just back that up with a call to SLIM at 09.30.

Agree. Now is not the time to be opaque. They shouldn't have released that website to be honest.

SB are you on twitter?

SecretBlue - I'm not arguing with you , just working through (reminding myself) of the structure.

Quickest way of resolving this would be to call SLIM tomorrow.

https://www.slinvest.co.uk/about-us/

Wholeheartedly agree though, this needs to be clarified immediately and it would help if they has some ownership/management infographic on the website within the next few days. Also, get rif og that terrible 'just made this on Wix' type video at the front end, it's meaningless.

I'd also suggest you see Section 16 of the SEC Filing

https://sec.report/Document/0001775018-19-000001/

'16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
X Estimate
Clarification of Response (if Necessary):

BOAGF GP, LLC and/or its affiliates will receive customary management fees and/or performance allocations, as described in the Issuer's Confidential Private Placement Memorandum.'

The 'General Partner' is Alpha Longevity Management Ltd, which was aquired by ALGW

https://www.morningstar.co.uk/uk/news/AN_1531907483131087300/alpha-growth-acquires-investment-manager-alpha-longevity-for-gbp1.aspx

Guys , in short they can't alter that SEC listing or the atifacts of it without significant notice to the SEC.

I think they could be just generalising on the website to ensure they are not cicumvented to the SLIM guys.

That said, it's a very good point, but it's also obvious that the website needs an awful lot of work still.

BOAGF - Clarification cert https://sec.report/Document/0001775018-19-000001/

SLIM Team (General Partner) - Still there - https://www.slinvest.co.uk/sl-team/

ALM (DS and GS) are the Co-Investment Managers.

Nothing seems to have changed but agree. They need and 'infographic' to explain it on the website.

Here is a simple explanation of how each function hangs together. https://www.investopedia.com/terms/e/equity-coinvestment.asp