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Definitely one that got away, FFWDs 5.9% would be worth £300million now !!
DJP - I think Edds very positive interviews last June/July re Leap was/were shafting shareholders imo, if you listened to those it couldnt of been better, followed 2 months later by its a dead dog in the Sept AGM
Yooma, Vemo, Ciitech written off now
So the pf is now in the best place its been for a long long time
NL/Aventra/LGP - huge potential
Inveniam/JUV ticking along nicely
Portage - probably will just sell it at some point
OTO/CFG - hmm but should be ok, CFG could be a star in a few years
Very true
Thought we were due some money back from SWB after they extended from October to Jan 16th
Yes your right from the pre agm update
438k will be done by end of Feb
Not the 125k CFG one by the look of it
Cash at finals 31.3.22 was 937K so with circa 77K cash burn per month, thats 12 months covered, see what is left in the interims due now should in theory be approx 475k
Potentially 150k back from SWB in Jan should take us through to the first Leap payment
I think we will potentially have money back from SWB in January the CLN was only extended until 16th Jan and I believe they have confirmed they are not going to list and go back to being a private company
I assume he means HELD - Hellenic Dynamics
Doehler Group Revenue circa 2.7B euros
Not a bad partner to have
Did he just join or was he put on there to try and force things along, FFWD/Seed have been invested in Leap since 2016 and here have never been consolidated accounts !!
Freddie Longe from IMG is also on the Leap board and between them they have never got accounts out of Yariv, hard to believe, but I have had it in writing that there are no consolidated accounts and never have been
LEAP
I dont think Edd has actually screwed us on Leap, I think the complicated shareholders agreement he referred to in the AGM has. I have been pondering it, and going back over the various interviews before hand.
What was also mentioned at the AGM was that there were not consolidated audited accounts for Leap. Edd also mentioned that in an interview on 10th March 22.
So without the consolidated accounts there cannot be an IPO under Aim rules.
If Seed with circa 44% of Leap cannot force them to provide consolidated accounts in my mind that must mean that within the complicated shareholder agreement despite having circa 44% overall control is still with Leap (Yariv)
If Leap (Yariv) have refused to provide them, then obviously Leap/Yariv did not want an IPO and never have done.
What they did not make clear in the AGM is if the latest Leap valuation is based on
a) Leap Ltd Malta accounts - known and audited
b) Leap Ltd Malta accounts and unaudited version of Fralis/Leap Gaming - unknown and not audited
c) Neither just what someone is potentially willing to pay
No chance after Edd just put CFG in the pf
1960s
Lance has only got to financially monitor 11 companies
It was obvious Yooma were going to make a loss
Its a far cry from Yooma are in a really good place to 33m loss imo
Yooma looks worse than Leap
Edd 10th March
Yooma is in a really good place
I am expecting some really good figures from Yooma
8 weeks later after delayed accounts 33m loss
There is no way of wriggling out of that one
Seed have to response
If you are not happy with the response then it can be sent to the channel Islands financial ombudsman
Tbh when you see it all listed in black and white it looks horrendous, they cannot ignore it or they break the rules
Akafatman
Direct to seed
They are timescales involved, they have to acknowledge the complaint with 3 days
They then have a further x days to respond
I am due a full response on 18th
I think Edd is now on thin ice
I have made an official compliant which has been acknowledged and is now in the process
The evidence when yiu read it is shocking
I think Edd is now on thin ice
I have made an official compliant which has been acknowledged and is now in the process
The evidence when yiu read it is shocking
Not really robrob
I'd realised they were pretty incompetent some time ago, just didn't think even they could **** Leap up
The level of incompetence is mind numbing, but not only from Edd, Lance has to take some responsibility here as well, surely he advises Edd regarding the finance of the pf companies
Proactive interview 10th March with Edd
Quote - Yooma are in a really good shape
Quote - I am expecting to see some really good figures from Yooma
2 months later after delayed accounts - 33m loss