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Good Morning Asaiaka
At present we do not know when the GM will be held because the “interim Chief Executive Officer” has not been announced.
Our two Americans could resolve part of the issue by just resigning. They both know their days are numbered and the longer they cling on the more uncertainty there will be.
A primary school pupil with basic arithmetic skills could work-out that if a GM is held then the votes to remove both Directors will be overwhelming. Whenever Trevor & Antonio begin a new business, they will never be able to have it listed on a stock exchange because with a Google Search it will flag-up how decisively they were voted off. Current indications are that shareholder democracy at Chill Brands Group will be north of 60% and only the two Directors votes will be the ones voting against the Resolutions. (Eric has come to see that the times are changing and will either abstain or vote for change)
The separate issue regarding the suspension is a malicious attempt by them to save their enormous salary and benefits and when they look back, they only have themselves to blame for not being fit and proper Directors.
Thank you Flipflop, will include with the next update.
RKB
PS Trevor & Antonio, times up do the sensible thing and exit before you are both humiliated.
Yesterday the shareholdings voting for All Resolutions was about 15,187,402 and a few friends contacted me via Twitter as they did not want to disclose their shareholdings on LSE South East
Additional Shareholdings:
Friend 4 2,000,000
Friend 5 600,000
Lyonsden 340,000
Alfie2501 660,000
This is an additional 3,600,000 so currently we have disclosed shareholdings that will be voting to replace Trevor Taylor & Antonio Russo of about 18,787,402
Don’t forget we also have Johnathan Swan’s 68 million shares along with many millions in the Telegram Group.
RKB
PS A song dedicated to Trevor & Antonio.
https://www.youtube.com/watch?v=90WD_ats6eE
BoD’s shareholdings cancelled out.
Trevor Taylor & Antonio Russo each have a shareholding of 6,950,000 (total 13,900,000)
The list below was compiled from Posters who disclosed their shareholdings on LSE South East only on Wednesday 1st of May 2024.
If a Poster has given an approximate number, I have reduced their shareholding by 10,000.
One friend did not Post but has informed me that they have 2,423,320
I will request my three friends to Post their shareholdings so that Trevor & Antonio are aware that I am not trying to distort the level of angst directed at them.
RKBeekeeper 1,098,890
Keepdreaming 990,000
Jimbob75 221,192
Jackh8 600,000
Bellers 470,000
Hitman64 1,190,000
GJ9576 250,000
Hydraulic 200,000
Sandsy 133,000
Blackhound 3,384,500
St.Ives 460,500
Windsurfer58 766,000
Friend 1 200,000
Friend 2 300,000
Friend 3 2,423,320
Current disclosed shareholdings on LSE South East 15,187,402
Within one day of compiling some shareholdings, we have sufficient numbers to negate both Trevor & Antonio’s shareholdings. Eric’s shareholding (if not voting with us) will be insufficient to counter Johnathan Swans 68 million shares by about 25 million.
.
Its just after 5pm In Denver so Trevor & Antonio will be able to sleep well tonight knowing that it is time to do what is best for Chill Brands Group.
RKB
PS I would like to thank everyone who disclosed their shareholdings.
Times up in Colorado
The time in Denver, Colorado is about 4:40am and it will be a few hours before Trevor Taylor & Antonio Russo begin to read our Bulletin Board.
They may not like the fact that there is going to be a General Meeting where they will be voted off the Board but that’s the situation they have created for themselves.
To make unfounded allegations against our CEO to attempt at surviving was unwise in my opinion.
If they were honourable people they would fall on their swords and walk away with some credibility, if they try to hang on, they will only embarrass themselves more.
Voting scenario: They need 50% (plus one) of all the votes cast at the GM.
Ox Distributing (Eric Schrader) have 42,739,994 (8.44%) and if they were to abstain or vote for the Resolutions (to replace Trevor Taylor & Antonio Russo) then in my opinion we will have two new Directors.
If Ox Distributing (Eric Schrader) were to vote against the Resolutions and the Resolutions are passed, where does that leave Eric? Would he remain a Director?
I believe that the JW Group will win and Trevor Taylor & Antonio Russo will no longer be part of Chill Brands Group.
RKB
PS For the Record my 1,098,890 will be voting for all the Resolutions. Please Post your intentions on how you will vote (and your shareholding if you can) so that we can send a clear message to Trevor Taylor & Antonio Russo that it is time for them to move on.
Thank you Bellers.
I spoke yesterday evening to one of the proposed Directors. Had a very good conversation.
Trevor Taylor & Antonio Russo may not be aware of the research that I carry out on the Companies that I am invested in.
Posters who know me will confirm that in 2017 I travelled to Northern Italy to clarify listed assets and to view them and ascertain that what was detailed in RNS’s & Annual Reports was correct.
With another Company I attended their AGM in Guernsey and put difficult questions to the BoD. The next year they moved the AGM to Switzerland.
I am toying with going to the USA to do some digging on Trevor Taylor & Antonio Russo (you never know what skeletons they may have from their past)
RKB
The General Meeting
When the Resolutions are put to the shareholders present at the GM it is either going to be a poll on the show of hands or number of votes cast.
The Directors present (four of five if Callum is present)
We must assume that Johnathan Swan will be attending the GM but if only two or three ordinary shareholders are present then the Chairman may demand a show of hands (assuming that the Directors present were to vote against the Resolutions)
Johnathan Swan can demand a poll as he has more than 10% of the shares (he has 13.45%) as at last disclosure.
If say 15 ordinary shareholders are present and the Board and associates (Broker, PR & Financial Advisors) have less than the number of ordinary shareholders present then a show of hands would win (assuming that the ordinary shareholders present were to vote in favour of the Resolutions)
If Callum is not the Chairman of the General Meeting then in the above situation the Chairman may want to try their luck and go for a poll.
In my experience about 30% of shareholders vote on Resolutions. At the last years AGM 27.4% of shareholders voted (there were only about 287.6 million shares in issue)
We now have just over 506 million shares and if we assume that 50% of all shareholders vote, that will mean about 253 million shares could be cast for or against the resolutions.
For Johnathan Swan to succeed he would need to ensure that he has the votes of about 126,500,000. As JS has disclosed 68 million shares then he would need the support of about 58,500,000 and I am confident that he has more than sufficient support to have his Resolutions pass.
The flip side would be what sort of support do Trevor Taylor & Antonio Russo have?
We know the above two Directors have disclosed 6,950,000 shares each total or 13.9 million.
Ox Distributing LLC (really Eric) have disclosed 42,739,994 but we do not know how Eric will vote. Eric’s position will become untenable if Johnathan Swan wins.
Let’s see what happens if Eric votes with Trevor Taylor & Antonio Russo. Their combined shareholdings would be about 56,639,994 and Johnathan Swan has 68 million, so JS is already winning by over 11 million.
Therefore Trevor Taylor & Antonio Russo need the support of 11 million shares approximately to be in with a chance of surviving but as we all know they are on the losing side.
If Eric was to think and vote wisely, he would vote with JS.
RKB
PS Can a member of the Telegram Group ask Johnathan Swan to contact me on Twitter as I have information (not inside information) that he may not be aware of on a member of the Board.
Rules of Engagement
When the General Meeting is held there is a process for engaging with the Board of Directors.
A Chairman presides at every GM and if they are not present then the “Deputy Chairman” (if any) of the Board shall preside (see Articles of Association page 23 Rule 46)
As an Ordinary shareholder you are entitled to speak but first you must request to speak and then be invited by the Chairman “to speak”. You are not permitted to just stand up and speak, the Chairman will invite you to speak and then you can have your say.
There is a possibility that the number of Ordinary Shareholders who whish to attend will be large (more than 100) so the venue will have to have the capacity to accommodate a large group.
Many Ordinary Shareholders will hold their shares via a platform and within a Nominee Account.
As soon as the Resolutions are published and if you are going to attend in Person, you need to have your shareholding(s) verified by your Broker (platform) You will also need to have a valid photographic ID.
RKB
This Years AGM (not GM)
Our Articles of Association (Page 40 Rule 71.1) “Retirement of Directors by Rotation”
“Each Director shall retire from office at the third annual general meeting after the annual general meeting (as the case may be) at which he was previously appointed.”
If Mr J Swan had not submitted his Requisition Letter last week, and had waited until this year’s AGM, then he could have voted then to not re-elect Taylor & Russo. (They were last appointed on 30th September 2021)
I don’t know why Mr J Swan could not wait another 6 months but because he moved last week dirty tricks are being played out by the instigators of the malicious regulatory concerns.
We can all speculate what the “Insider Information” could be but its ignorance by the instigators. Callum is an honourable CEO who has always had shareholders at the forefront of everything that he does.
There have been numerous Interviews, videos, tweets & RNS’s and I am 100% that Callum will be fully exonerated.
Taylor & Russo should realise it is Callum that turned around our Company and he has the vision, determination & stamina to ensure that Chill Brands is a successful Company under his Leadership.
I will be voting to remove Taylor & Russo because they are hiding something that they do not want ordinary shareholders to know.
Can any of the dozens of Trolls articulate anything of value enhancing that Taylor & Russo have done for Chill Brands?
RKB
PS One large value destruction that Joint CEO’s Taylor & Russo achieved was the silly financing agreement with LDA Capital. You will recall they put in place a £35 million facility over 36 months which was terminated only two months later at a cost of £6 million to us. Taylor & Russo should have been fired in my opinion for this fiasco and if they think they can continue to con ordinary shareholders they are not as clever as they think they are.
Let that sink in, two months and it cost us £6 million. Pack your bags now before you are voted off the Board.
Share Talk Article
Chill Brands Group (CHLL) announced the appointment of Fieldfisher LLP to conduct an investigation after allegations were raised around the use of inside information. The Company will be engaging with relevant authorities, including the Financial Conduct Authority, and the investigation’s findings will be reported in due course. Callum Sommerton has been suspended as Chief Executive Officer of Chill Brands in connection with these allegations. This suspension does not constitute disciplinary action or a disciplinary penalty and does not imply any assumption that Mr Sommerton is guilty of any misconduct or that any decision has been made. The process of appointing an interim Chief Executive Officer is underway, and it is a shame the outgoing one has not stayed for the big reveal on vape sales.
Comment: Yesterday’s “Week In Small Caps” referred to the concept of judging a company by the service providers it keeps, management experience, ability to fund. Going by the wording of the RNS itself, with no wrong doing there should logically be no need for a new “interim” CEO. Referring to a comment posted on X today regarding CHLL, it is difficult to think of any newsflow at the company where (positive) inside information would have worked. Of course, front running negative inside information via shorting is practically embraced by the powers that be.
Note above two paragraphs are Copyrighted with Share Talk.
The honourable thing for Taylor & Russo to do would be for them to resign.
RKB
BrewHaHa
Please enlighten me as to when I posted about ARB in January.
To resort to untruths is getting desperate.
Does TW have any contacts in the Venice High Court?
Has TW been to Ondaland?
You and your crew must be using more electricity ticking up your Posts than it would take to mine 1 BTC.
I will leave you with your incontinence pants as you are obviously got a weak bowel with the stuff you are posting.
See you when news arrives.
RKB
PS Hexam you obviously did not read my Post.
Still Long
I note that the Trolls are working overtime (all in vain) as several threads were removed after hours yesterday.
When there is a concerted effort by a concert party(s) in a share they claim not to own, one may question why they spend 24/7 doing (attempting) what they do.
Before I could reply to a question from Silversprings yesterday evening the thread was removed, why?
Their question was “Jambone – don’t want to pressure on you into breaking any confidences with RKB, but anything positive from him, is he still holding long here?”
I posted recently requesting Jambone to contact me (by phone) and someone said I could have just contacted him on Telegram. I am not on Telegram, and I talk on the phone regularly with Jambone. I also added recently.
I posted that request in the hope that some of the Trolls would do some proper research. They may have done recent research and if they have, they will disappear (in my opinion)
For the Record, FG and our team of twenty experts are working 24/7 and they will communicate when they have something concrete.
RKB
PS When does that Water Park open? Are the owners changing?
PPS AimHigherStill You are so wrong you obviously do not look at the daily trades. Please go back in your box. Are you going to report this Post for interfering with your agenda? 8am Tick Tock Tick Tock time is getting close to the bell.
Major shareholder
Our largest shareholder, Johnathan Swan now has just over 68 million shares (as per today’s RNS) which is about 13.45%
Originally Johnathan Swan had 29 million shares then in January 2024 and on the 26th of January 2024 he capitalised / converted his “Inventory Debt Finance” of £1.2 million into 32 million shares at 3.75p.
So, on the 26th January Johnathan Swan had 61 million shares and then on the 31st January 2024 he increased this to just over 68 million shares.
This was an increase of over 7 million in late January 2024.
Now you may recall that in late January 2024 the Government proposed to introduce legislation to ban disposable vapes. There was a concerted effort by mainstream media (most notably the BBC) that Johnathan Swan chose to chill and buy over 7 million additional shares.
RKB
PS I would have thought Johnathan Swan would have adhered to the FCA Regulations and notified Chill Brands Plc within the stipulated timeframe, but for whatever reason he chose to ignore the FCA Rules.
Good evening Jambone
Are you free for a chat tomorrow later morning?
RKB
Hello Testing321
Good to hear from you.
No, I am not back in. No funds at present as ironically, I have been moving away from AIM back to “dividend payers.”
I do like Rupert, one of the best Directors on AIM in my opinion.
I hope to be fully out of AIM later this year, too many nutters Posting on shares that they say they do not own but you don’t see the same idiots Posting on the likes of LLOY or LGEN.
LSE South East have messed-up the Bulletin Boards with multiple adverts and permitting the Trolls to spam constantly.
I wish you well and all LTH of Primorus well.
RKB
Engage Technology Partners
On Companies House there are two important documents that you may want to peruse.
7th Feb 2024 Resolution of Allotment of Securities
11th Apr 2024 Statement of Capital
On 12th March there were three batches of Shares Allocated
855,647
837,423
937,369
Total: 2,630,439
You may want to investigate why these shares were issued at the price they were issued at.
RKB
On my laptop, there is an Artificial Intelligence BoT.
All LTH of Chill Brand Shares are aware of the potential of our Nicotine Free Vapes but the Market Makers continue to “hold” our share price down and continually use “SINT” Trades for their own ends.
I typed into the Artificial Intelligence BoT the question “what is the market size of zero nicotine vapes?”
The response was:
The market for zero-nicotine vapes has been evolving, and recent developments indicate significant interest in this segment. Let’s explore the current landscape:
1. Chill Brands in the UK:
o Chill Brands, a producer and distributor of CBD and tobacco alternatives, has entered into a contract with the Vaping Group to launch its range of nicotine-free vapor products in the UK market.
o The Vaping Group has a strong presence in hundreds of UK vapor stores and access to tens of thousands of independent convenience stores.
o Chill Brands aims to improve its commercial prospects and the near-term performance of its nicotine-free vapor products through this partnership.
o Once established in the UK, the Vaping Group plans to introduce the brand to the European market, which is currently worth £8 billion.
o UK sales of Chill Brands’ vapor products are expected to commence during summer 2023.
o The expanded product range includes disposable devices with higher “puff counts” than nicotine products limited by tobacco restrictions1.
2. Global E-Cigarette and Vape Market:
o The global e-cigarette and vape market was valued at USD 28.17 billion in 2023.
o It is projected to grow at a compound annual growth rate (CAGR) of 30.6% from 2023 to 20302.
3. High-Nicotine E-Cigarettes Dominance:
o Between 2017 and 2022, sales of disposable e-cigarettes with over 5% nicotine rose from 0% to over 90% of the market share.
o Pre-filled cartridges increased from 8% to 74%.
o However, products with less than 1% nicotine strength, including zero-nicotine products, accounted for less than 0.1% of sales3.
In summary, while high-nicotine e-cigarettes dominate the market, there is growing interest in nicotine-free alternatives. Chill Brands’ entry into the UK market and the overall global growth in the e-cigarette and vape industry highlight the significance of this segment12.
Learn more
1 voxmarkets.co.uk2 grandviewresearch.com3 truthinitiative.org4 cannabishealthnews.co.uk5 practiceguides.chambers.com6 cannabishealthnews.co.uk+3 more
RKB
Something is going down in second week of April.
RKB 🐝
Developments in Medical CBD in Germany.
Germany recently passed a law reclassifying medical cannabis as a prescription medication.
Germany is one of the largest markets for Medical Cannabis.
The goal is to make obtaining a prescription for medical cannabis as unbureaucratic as possible.
The regulations aim to improve access for palliative care patients.
The reclassification streamlines the process and aligns medical cannabis with other medications and enhances patient access while ensuring safety and legal compliance.
Northern Leaf cultivates cannabis flower for pharmaceutical, health and wellbeing purposes at its £33m, 100,000sq ft facility on Jersey.
RKB
PS There were no Trades on Aquis yesterday but they decided to mark us down 12.73%!
Video of Northern Leaf Operation
On the Seedrs website, there is a video of the Northern Leaf Operation.
On the link, scroll down past the three photos and click on the 2.35 min video.
From this short video you will see the extend of the Growing & Processing Operation, in a purpose build, first class facility.
https://www.seedrs.com/businesses/voyager-cbd/sections/updates
RKB
Stock Box Media Interview
Nick talks about the reasons behind the merger with Northern Leaf.
There is actually 100,000 ft2 of “state of the art facility” in Jersey in the Channel Islands. Which is used for growing cannabis plants, mainly for medical use.
From an interview Nick gave to the Dundee Courier yesterday it was quoted that “In the UK, there are around 30,000 medical cannabis patients. In Germany, there are around 300,000 medicinal users.”
“Northern Leaf cultivates cannabis flower for pharmaceutical, health and wellbeing purposes at its £33m, 100,000sq ft facility.”
If you DYOR and satisfy yourself that Northern Leaf have spent over £30 million building their facilities and then look at what we are paying in shares, you may conclude that yet again Nick, Eric & Jill have been looking after Voyager shareholders and have managed to secure first class assets at a bargain price.
The merger is structured with the possibility of shareholders in Northern Leaf acquiring additional shares if revenue from Northern Leaf alone over the next 12 months is £5 million or more.
RKB
https://www.youtube.com/watch?v=BGTOAaogSjY