Member Info for londondan

You're right of course Forthewin. The faithful here are now so thoroughly brainwashed that they're willing to getting excited about and celebrate the arrival of absolutely nothing. It's weapons-grade delusion. At least they used to wait for a countdown clock, or a lie about the company having hired someone.

Lots of activity here though, all of a sudden. The pre-IPO cash must have run out...

"Whats going on here chaps ? Any news?"

No. None whatsoever. Not even a peep. But if you like completely unfounded rumours and deluded bluster, you've come to the right place!

Ah. Thought as much.

Great RNS and it's flying today. I'm happy with this being a 'hidden gem' as long as they keep putting out results like this. A 19% rise in the current market (at the time of writing) will get a few more eyeballs on it.

"The rumoured dates vary but I am targeting end July (ish)"

Based on what evidence exactly? I'm curious.

You might need to refresh the page or something HITS. The post is definitely gone and the whole account with it. As it should have been, given that it was just some idiot trolling the rubes who still think that this company is going somewhere.

Good grief. 'Trial outcomes... Madoffesque... needs to conclude soon... FCA registered... buyout, relist... clinical trials... needs to conclude soon... pre-IPO... FCA registered... clinical trials... needs to conclude soon... £400k... Madoffesque'.

Yet another weekend well spent, I see. I look forward to reading the exact same things again and again and again and again this week and next weekend.

Rampers chasing a quick pump, if history here is any guide. Pretty thin gruel for them to be working with though.

Right then, let's have a look at this...

"Challenger Acquisitions Limited (LSE: CHAL) announces that it has received a further £18,000 from the owner of Star Sanctum that was originally scheduled to be received on 30 June 2019. This is the fourth scheduled payment and funds received to date total £93,000."

So the payment was late and there's still another £7k outstanding. Oh dear. Is the owner of Star Sanctum is now struggling to make good on the (interest free) loan which came from Challenger? Normally £7k would be an easy write-off, but for a company which has no investments or revenue streams, it could keep the lights on a bit longer.

"Challenger also announces that it has signed an amendment agreement with the developers of the wheel project in Dallas, Texas, to defer the sixth and final payment of US$50,000 as follows: US$26,375 to be received on 31 July 2019 and US$25,000 to be received on 30 August 2019."

Why this has happened is anyone's guess. Anyway, we'll have the last of the Dallas cash by the end of August. This is the last bit of income which is currently on the books for Challenger. After this, the company has no investments, no revenue streams, nothing left to sell, a share price in the toilet and a rapidly dwindling cash pile. Time is very rapidly running out here - if the BOD is going to pull a rabbit out of the hat, it had better get a move on.

Anyone seen or heard from any of the BOD? I'll skip the obvious jokes about another Lucan disappearing...

This is now a 'ten bagger', since I first bought GAW shares a couple of years back. I only wish I'd have kept my full holding from back then! Nonetheless, this share has been very kind to me. Extraordinary performance.

Well well. You have to laugh. Why they don't just put this absolute hound of a company out of its misery now is anyone's guess.

The clock is well and truly ticking now. After today's RNS there is now just one payment left from the abortive Dallas Wheel investment.

After that there are no more revenue streams and there is no more family silver left to sell. Time is running out.

It's interesting, but it's not especially relevant to Challenger though is it?

"In those meetings, some of the NY Wheel investors proposed building a smaller wheel, noting that they would obtain additional financing by partnering with a large company, sources said [...] Since the lease is still active, the NY Wheel continues to be accountable for the deferred rent, according to the agreement. Those payments already amount to more than $2.3 million, plus interest."

So it needs a lot more investment and is still burning through cash to this day. As we know all too well, Challenger hasn't got any cash. It'll be diluted in to irrelevance, which ironically is what has happened to its own shareholders.

Take a look at the latest results CHAL put out a while back - what is the value they have placed on the NY Wheel investment?

"I’m here to make money"

Well you're certainly not here to make sense, we've established that much.

Ah, just as I thought, a load of incoherent nonsense. You never were great at sticking to a story.

Fair enough, just checking.

Lucky, what happened to the £45k you claimed to have sunk in to here at much, much higher levels in the past? Did you decide to take the hit and sell it all at a loss?

Still more coherent than the stuff Jetxie comes out with.

Not enough to get a ramp going, it seems. It only tends to be the no-news RNS releases which bring the pump crews in these days.

If by 'good morning looking forward' you mean 'steady decline as more and more people dump their shares', then yes I quite agree.

Nothing to see here unfortunately.