Member Info for londondan

Great entry point I think. This will get absolutely battered today, given that it's the second bit of bad news in recent months. Should be easy to get in cheap. Could well be a strong candidate for a takeover or for management to look to take it private as these levels.

My thoughts exactly. Like most things relating to Challenger, this has been thoroughly misrepresented and rarely clarified. Can anyone provide definitive proof regarding Empire Outlets being part of the NY Wheel investment?

For once I agree with you Wress. This company has been hopeless when it comes to giving investors the full picture. If the activity on site is a restart of building then we need to know about it through a formal announcement.

You do Wress. You keep buying this pup and handing your cash over to those who are trading it. You're paying for Marineville's holiday this year. I'm sure he appreciates it. ;-) Good weekend to all!

Yes, a bit of a limp finish considering all the ramping this afternoon. However, there is undeniably more activity on site than we have seen in many months. Hopefully a sign that there is a light at the end of the massive wheel.

Great work, thanks. Also, a link to the live cam for anyone who is keen to see what's happening for themselves, instead of through the 'smallcappick' filter of rampy nonsense... http://www.earthcam.net/projects/newyorkwheel/

Just arrived back from lunch - I expected we'd be at 2p by now! ;-)

Actually it was me who called the CEO a chocolate teapot. The trajectory of the share price over the last 18 months or so would suggest I'm correct. He's right though - no one is shorting this share. Anyone who claims otherwise doesn't understand what they're talking about.

When the event is well-executed then I agree. London Comic Con (to pick an event entirely at random) is a hugely successful money-spinner. Let us not forget - Challenger will bring in, at the absolute best, �40,000 on this event.

This is Star Sanctum's competition in May - http://www.mcmcomiccon.com/london/ Note the professional website, the varied (and already announced) attractions and the ability to purchase tickets. This is what a successful event looks like.

Great post marineville. Like you, I tend to invest for the long-term but have ended up trading this because none of the big promises have ever actually come to fruition. It could have been VERY different. Imagine if we were about to celebrate the opening of GOW projects in New York and Jakarta. Two solid revenue streams to sustain and grow the business while Dallas gets underway. This would be a really cracking long-term buy & hold investment. But we're not. We're watching a webcam and trying to figure out what's happening with the �100k payday loan the CEO inexplicably gave to an unknown events company. Meanwhile the share has attracted a couple of the dumbest, rock bottom rampers I've ever seen in my life, constantly saying 'I spoken to Mark, newz comin soon!! Boom time!!' and so on. What a waste.

"Your dirty talk is just part of all that is wrong in society today." That genuinely made me laugh out loud. Thanks. Feel free to offer a coherent counter-argument. Which particular successes to date give you such confidence in Challenger?

"the stock is well oversold and at 0.5 represents an excellent recovery play." This is your opinion, not a fact. I can see why you'd say it though. A functioning, operational, revenue-producing NY Wheel would surely make Challenger worth considerably more than its current market cap. However what we have right now is a selection of ropey investments, none of which are producing any income for the company. The company also doesn't have any track record of success whatsoever, throughout its existence. The closest it got was the 'Jakarta' project, which you'll note was never built. With this in mind, it surely has to be seen as a punt. Nothing more.

That�s a good point. Remember that one of those equity units was also pledged to Starneth because Challenger couldn�t pay its debts. It�s in several previous RNS� including the annual results. Also, it seems one of the moderators here has a sense of humour! I�ve just logged in to discover that a filter has been applied to automatically block Lucky�s messages. That can stay in place - if I never have to read that dimwit�s musings again it�ll be too soon. Happy days.

They'd be mad to sign anything before they had sufficient reassurance that there was 0% chance of that happening. Without access to the relevant papers, it's difficult to see how they could gather the information they need.

I know they say that sarcasm is the lowest form of wit, but this comment really tickled me... "'There was a material risk that its crane and equipment would sink into the ground and/or the ground would give out underneath them, 'squeezing' the subsoil, along with the crane (and possibly the Wheel) out into the New York Harbor', said Mammoet-Starneth in court papers. I'm no engineer, but that seems like an issue."

'New York Wheel stalled for 10 months: How did we get here?' http://www.silive.com/expo/ERRY-2018/02/b922cfd4ca/new_york_wheel_stalled_for_10.html Great timeline of the farce-to-date from SI Live. Challenger even gets a mention. It's after the lawsuits and bankruptcy proceedings are covered, but before the latest Marin-related developments. The 30 comments are worth a read as well.

Agree that trading this is the only way to make money out of it at the moment. It was extremely lucrative back when it was bouncing between 1p - 2p for a while. However once the big CLN-related stuff hit and completely collapsed the share price, it's been much harder to call the dips - we've consistently seen new all-time lows 3 or 4 times a week for a while now. Equally, the rampers' old tricks don't seem to be working any more. All the grainy screenshots of the NY Wheel live cam have led to under a grand's worth of shares being bought this morning. Equally, the fabled '1 code' now doesn't even make a splash. Starsanctum is, in my opinion, almost certainly not going to go well. That's �100k down the toilet. Then there's the spectre of CLNs and when more funds will be needed. It's going to take NY Wheel contractor news to really shift this - then it'll be exciting for investors again.

Thanks Realist. Their behaviour speaks for itself. The lies, insults and foul-mouthed abuse. Anyone can see that these are not people to be listened to or taken seriously.

Another excellent post, thanks. What it boils down to is that if they had a credible 'bull' case for investing in this company, they'd be making it. Instead we get petty insults and abuse. Very revealing indeed. It's water off a duck's back. They've lost a lot here; their bitterness is to be expected.