The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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.
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?
In todays “Final” Statement and AGM Notice it says that the AGM will be held at “… noon on 31 January 2023 at Panmure Gordon, 40 Gracechurch Street, London, EC3V 0BT…”. Not even Panmure Gordon is interested in announcements to the Shareholders. Something so important and simple and these bunch of Corporate Hooligans don’t bother proof reading. This is tragic.
Morning Dave (weedavemac). I totally agree with you. You don’t have to justify to anyone what you do and why. I think we are all dumbfounded by the situation and would be grateful for any viewpoint you may have to keep our spirits up with this investment. Is there something that many of us have missed? Your guidance, observation and founded opinion would be very much appreciated.
Hepseal.. very interesting. Regretfully, Ignite only needs to file micro accounts, which show 100% of nothing. What the various posts COULD BE ALLUDING TO is that the MoS Directors take Options in lieu of salary but MoS pay Ignite £xxx’s and Ignite pay their Directors/ consultants etc (all of whom are associated with MoS) a salary or consultant fees? I wonder what MoS received from Ignite for their £197,480? Barry, anyone with greater MoS knowledge than us - please enlighten us.
And the 2023 Winners are: The Auditors with a fee of £96,000. Never read such a qualified Going Concern Statement. I think I may attend the AGM… if only to have a drink with fellow investors and provide a shoulder to support “Barry” and his 7%.
Good morning “berniebassett”.. apologies:: results issued 48 hours earlier but still the same principal (at the last it opportune moment whilst recovering from over-indulgence in the last few days revelry). Huge losses .. probably won’t have managed to get a “Going Concern” statement without the recent raise .. but, hey ho.. enough cash in bank for salaries and expenses for next 12 months and hope we can find another business sector to pitch our story to new investors.
I wrote a post about 4 hours ago and it’s vanished. Has this happened to anyone else? It wasn’t defamatory or personal.. it said :: don’t buy any Placings etc.. let the initial shareholders now finance the company .. you’ll either go down with them or ride on the back of their success.
Weedavemac:: accept your loss to date… let the people who have already taken out serious money (Krunch payment) take up the offer … they will; if they don’t then they’ll loose everything and whilst there is a chance of getting some money back they will continue to support. Invest your money elsewhere… The Warrants aren’t and won’t be worth a bean.