Member Info for Lothbury

Yes Citi, I do have an email but I would prefer you answer any questions on this BB please so everyone has up to date information (not just you…!). Could you also, if at all possible with your contacts at the highest level of MoS, established if the contracts between Estadio / Mexico and Mos are determined under U.K. or Mexican legal system?

Morning Citi :: the only information made available to the public is the recently published accounts to 30 June 2023 that shows MoS owing money to Ignite. You, obviously, now have more up-to-date information about the account balances between Ignite & MoS. Where did you obtain this information? What services did Ignite provide to MoS?

Citi; I just can’t believe the arrogance or idiocy of your last posting. Clause 20 of the Auditors Report on the accounts says.” During the year Company made payments of £172,200 excluding VAT to IgniteAMT Limited. At June 30 2023, the company owed IgniteAMT Limited £25,280.…”. Either you are somewhere on the iCloud or you have inside information from the Director(s) of MoS and they are using you as a third party patsy mouthpiece. Please don’t now say the Auditors are wrong…!!! They work on files and information provided by the Board of MoS. Your probity and professional credibility is seriously coming into question.

Good evening berniebassett. You commented “Jibberish from Lothbury” concerning the payment of circa £200,000 by MoS to Ignite. You also asked if someone could post a link setting confirming my statement. With the greatest respect, Mr. berniebassett, may I draw your attention to the statement made by the MoS auditors in the recently (last week) published MoS accounts. May I further suggest, that in answer to or refuting your erroneous statements, that you read this recently published MoS Report and Accounts and accompanying statements.

I am also very concerned by Citi’s statement …” have been going since 2017 and have a lot of clients…”. Ignite has 1 employee, Mr. Epstein. If Ignite has lots of clients then when does Mr. Epstein have time to manage the affairs of MoS? Clearly a conflict of interest has arisen and needs Bob Moore, the Chairman of MoS and as Non-Executive Director who has assumed responsibility for ensuring appropriate corporate governance standards are in place, to investigate these matters under s. 172(1) of The Companies Act and report to the Shareholders at the forthcoming AGM on the 31st January 2024.

Afternoon NewToThis. I’ve only just started drafting the request to PKF as I have been getting my regular blood test this morning \ from experience with SFO, these things take time and don’t get an instant answer. I expect PKF will seek to engage the Chairman and Governance Committee but, in the background, start to look through their audit notes and info they can quietly get their hands on. It is the Chairman with Independent Director(s) and company lawyers that need to undertake an arms-length investigation. PKF can review detailed info if asked to or wait for the next audit.The plain fact is that through the likes of Citi, the Board will now have been altered to this fact and the disquiet amongst Shareholders who area members of the BB. Once again, we should thank Citi for his support and assistance.

Good morning Citi.. Hope 2024 is going to be a happy & prosperous year for you. Your reply says that …”MoS still needs services for this platform…”. So I ask the question AGAIN: What services did Ignite provide to MoS that resulted in MoS having to pay Ignite nearly £200,000 last year? That’s a huge consultancy fee to a company with 1 employee where the principal turnover seems to be from another company that has, as their CEO, the same person.…”. What service is Epstein providing MoS that costs circa £200,000?

Thank you for your comment Citi. No, I will not “put this to bed”. I will be contacting the auditors who are responsible to the Shareholders.

Good evening Citi. I was wondering if you now have the information regarding my question of this morning. …” So, could you help with one outstanding but major question please? What services did Ignite provide to MoS that resulted in MoS having to pay Ignite nearly £200,000 last year? That’s a huge consultancy fee to a company with 1 employee where the principal turnover seems to be from another company that has, as their CEO, the same person.…”.

Never got that invite…!

Citi / you’re correct that I hadn’t researched properly otherwise I would not be a shareholder. But we learn from our mistakes in life… As I said, I’m impressed as to your ability to get information so clearly and quickly, by email, from the Board (Epstein). So, could you help with one outstanding but major question please? What services did Ignite provide to MoS that resulted in MoS having to pay Ignite nearly £200,000 last year? That’s a huge consultancy fee to a company with 1 employee where the principal turnover seems to be from another company that has, as their CEO, the same person. If this is a legacy from Krunch then why didn’t that come to MoS as part of the Krunch acquisition? Your help, with detailed information, would be very much appreciated in putting our minds at rest.

Citi .. in reply to your question and I answer again in case you missed it.. I am regrettably a shareholder. I have expressed my views about the investment and Estadio, which doesn’t impress me or give me any confidence. Hope this helps.

Good morning Citi. Thank you for your information. Taking para (1):- …” 1. MOS owes Ignite the some total of NOTHING...”. I think you mean SUM not SOME? According to the accounts MoS do owe Ignite money but thank you for the “inside information” clarification. I must say how impressed I am with your up-to-date information on MoS that isn’t available to ALL shareholders and look forward to your continued contribution to help us understand what is happening - especially as the many “Board and senior management updates” dried up in 2023.

Thank you Hepseal… Yes, I’ve been researching the statement under Point 20 that declares the association between IgniteAMT Ltd and both Epstein & Uthayanan and MoS has paid and still owes Ignite £197,200. What services did Ignite provide to MoS? Since 2018 there have been no less than 6 Notices to Strike-Off the company (impressive record) and the latest accounts to 2022 show a loss of £12k. Is MoS their only client? Why hasn’t MoS bought in this company to free up Epstein to concentrate fully on MoS? Is there an IT35 implication? I feel Tim Harris (Lead Auditor of PKF) and the Governance Committee should be having a look at this under Principal Three of the annual accounts…?

Morning Guzzler… can I pick your brains pls? Is IGNITEAMT LTD’s principal or only source of income from MoS? There are only 2 Directors, Epstein and Rama Uthayanan who are also Board Directors of MoS. GUTTERIDGE resigned in June 2023 but he remains a Director of Krunch. The latest set of accounts to 2022 show a loss of £12,000. Since June 2019 there have been 5 Notices under. s1000 (3) by the Registrar of Companies to Strike Off Igniteamt. So.. what is the commercial relationship (if any) between MoS and Igniteamt? Does IR35 qualify and hopefully, the auditors will be able to clarify the position.

Good evening Citilidie. Yes, I listened to the podcast and became more and more downbeat the more I heard. It was all,about other people - not MoS and their ability, in-house team and technology. … I’ve heard these types of “ramping” many times before in my career.. and yes, I am invested but I wish I wasn’t. As you know Cititilidie, it’s very hard to get a good and honest reputation and so easy to loose it. I’m not about to loose mine because I want to ramp the share price with disillusioned and ill formed comment. .

The uncomfortable phrases, in the podcast, were that the established Mexican wouldn’t let these ventures go bust and damage their reputation.. 40 staff working hard in Mexico .. long established business names in Mexico… so why did they let this business dwindle? The big betting companies will “dispose of any upstart that has little or no funding”… As for NFT :: why hasn’t the Cadiz deal attracted more Spanish ( ans neighbouring Portuguese) clubs to employ MoS in their NFT venture. Mos need to concentrate on developing their home market before diversifying, as a minority, into a new sector and business strategy across an Ocean. Or is the reality that their “home market” product is worthless (having paid a huge cash sum for Krunch)? No mention of how Krunch Technology will be utilised in the Mexican venture… if at all. Anyone know what Ignite does and what services it provides to MoS? Companies House records are recently full of Winding Up Petitions….!!!

Regretfully, your sale is the best 2024 present you could have given to Epstein and his cohorts and Barry et al. So, please buy a few so you can attend the AGM. I know you’re not on everyone’s Crimbo Card list; but you are an excellent “gatekeeper” and never frightened to express a researched opinion… had you been wrong then you would have been banned from here and in the Defamation Courts. Best wishes for 2024.

Large upfront infrastructure costs for NFC market that has died. Secured deals with Football Clubs; Mexican athletes; African boxers and an artist. Mos has to produce the product to sell the NFC. All this seems to have gone by the wayside (no market or product) and is now heading as a minority entity into digital/sports publishing & betting in Mexico. So the forlorn “Estadio” brand has found a foreigner in a far away place (MoS) to bang in money (as a minority shareholder) .. what I can’t see is why MoS has been chosen rather than keeping “within the Mexican family & investment amigos”. If MoS can’t develop something on their home market :: how can they develop something on the other side of the world; in new products and in a different language. It’s just not adding up BUT I hope that I am totally and completely wrong.

Couldn’t find the podcast .. do you have a link please? Anything of interest or substance?

Thanks Citiilidie… seems BB’s are too happy with some of your thoughts. My question to you, in your capacity as a large shareholder and probably more expert than any of us in the affairs of MoS…., are you happy with the new direction MoS Board are taking the company and will they survive, in the near future (before ye 2024) without any new direct or indirect new funding? Why has nearly everything else the Board has done, such as the NFT market, just not performed?