Member Info for RKBeekeeper

Our further investment in Albaco Ltd

LtdAxis

CHP will not be investing at £1 it most likely will be at £1.20.

Hope this helps with your calculations.

RKB

Albaco Ltd Shares

LtdAxis the following may assist you with your calculations.

There are currently 27,433,704 Albaco Ltd shares.

There is a firm commitment from Jim McColl, JTA Kinetic & IN9 Trading DMCC for 18,750,000 shares “upon receipt of the banking licence”

If no further shares are offered, then that would be about 46,183,704 shares.

There will be further shares offered because the 18,750,000 shares is insufficient to raise £25 million (that’s only £22.5 million)

There was a Resolution passed on 20/12/24 which unfortunately (conveniently!) was not lodged at Companies House on 28/04/25. This could be an oversight which I did not highlight to the Company Secretary in my email at the weekend of the “discrepancies” with documents lodged at Companies House.

An educated guess would be its either to do with the issue of the B Shares (which I explained in my email) or it is something similar to the agreement to issue 18.75 million shares upon receipt of the Banking License.

Someone may like to ask at the GM on Friday if they will lodge the missing document from the 28th of April 2025 at Companies House soon.

What is an S80A authority to allot securities? This is all that is visible on Companies House. Microsoft Copilot says:

“An S80A authority to allot securities refers to a provision under Section 80A of the UK Companies Act 1985, which governed how directors could issue new shares or securities. Although this section has since been replaced by provisions in the Companies Act 2006, it’s still relevant for companies incorporated under the earlier Act or referencing legacy documentation.”

“Under Section 80A, directors of a company could not allot “relevant securities” unless they were formally authorised to do so by:

A resolution passed by shareholders in a general meeting, or A provision in the company’s articles of association.”

From all the documents on Companies House I believe that there has to be a GM of Albaco Ltd BoD & Shareholders to grant the BoD Authority to issue more shares (to ensure the minimum of £25 million is met)

I would like to think that there has been a GM at Albaco Ltd and they have passed a Resolution to issue another 15 or 20 million shares (just for Caledonian Holdings)

RKB

PS I don’t think we will have any issue raising whatever is required because of who our Broker is. (I still have the phone conversations from a few years ago when I was ding donging with them)

Hi Jimmy2011

David Coulthard has 0.92% as at 24th July 2025.

There are currently 31 shareholders.

There are 25 shareholders who hold Ordinary shares.

There are 6 shareholders who hold B Shares and of these 6 shareholders 5 of them also hold Ordinary shares.

David Coulthard has Ordinary shares.

The 6 B shareholders have in total along with their Ordinary shares 59.41%

RKB

Hello Canaries

Good friends know my holding in QBT and although I am not an insider I believe it would not be beneficial to my investment because the Trolls would arrive on mass. I still have confidence in FG and waiting on an update which is overdue.

As for MDH I know Nick & Eric so cant say anymore.

I will only Post on Caledonian Holdings if I have something to contribute and when funds are available I will by up to 3 times the current price.

If you DYOR it can be beneficial for your investments.

RKB

PS I often start a new thread because many of my Posts are removed and I think you know why they are removed.

Good afternoon Robsaunders1

I agree we will be multiples of our current Market Capt after our upcoming placing and investment in Albaco Ltd

Albaco Ltd have 3 firm commitments not for £20 million but for £22.5 million as the shares are being issued to them at a 20% premium.

Jim McColl along with JTA Kinetic & IN9 Trading DMCC are the cornerstone investors and Albaco Ltd technically only need £2.5 million from Caledonian Holdings.

If we are able to raise substantially more than £2.5 million (I think we will) then CHP will have a meaningful stake in Alba Bank.

As Jim McColl will also have a substantial stake in CHP it is in his interest and his families interest for CHP to have a controlling stake in Alba Bank.

RKB

Albaco Ltd Shareholders

Part 2

There are a few other significant shareholders in Albaco Ltd.

Lorena Investments Ltd currently have 11.96%. This company only has one shareholder, and the company name was changed recently to Moulsdale Investments Ltd. The beneficial owner of this company runs an Opticians Business nationwide and this company generates £millions in profits.

Hera Holdings Ltd currently have 6.72% but on the 17/01/24 they had 64.93% You will not find anything on Companies House about Hera Holdings Ltd as they are based in Jersey. But if you are prepared to pay £50 or more like me you can find out information that could influence your investment decisions.

Our upcoming fundraising

This Friday there is a General Meeting to approve two resolutions.

1: Authorise up to an aggregate nominal amount of £6 million.

2: Disapply pre-exemption rights up to £6 million.

There have been some discussions on our B.B. about Caledonian Holdings issuing up to 6 billion shares and possibly going for the full £25 million capital that Albaco Ltd have to raise to secure the Banking License.

Albaco Ltd must raise a minimum of £25 million but this is almost fully secured without Caledonian Holdings participation.

If you read the Annual Accounts on Companies House, they clearly say who will invest £22.5 million on the issue of the Banking License.

“In October 2024 to facilitate the authorisation capital raise of £22.5m the Company sought Board and shareholder approval to issue and allot 18,750,000 £1.00 ordinary shares. The shares will be allotted equally to JTA Kinetic, Jim McColl and IN9 Trading DMCC for a £1.20 consideration each upon receipt of the banking licence.”

There is a possibility that Jim McColls shares from the above 18,750,000 will be available to Caledonian Holdings but my instinct is that Albaco Ltd will raise about £40 million £22.5 million from the 18,750,000 (18,750,00 * £1.20 = £22.5 million) and between £15 million & £17.5 million. I have no idea at what price Caledonian Holdings will do their placing.

RKB

Albaco Ltd Shareholders

Part 1

Currently there are 31 shareholders.

Caledonian Holdings have 1 million shares split-up as 250,000 Ordinary Shares and 750,000 B Shares. Currently 3.65%

IN9 Trading DMCC have 6,781,265 split-up as 5,120,057 Ordinary Shares and 1,661,208 B Shares. Currently 24.72%

Albacap Ltd have 4,556,980 split-up as 266,702 Ordinary Shares and 4,290,278 B Shares. Currently 16.61%

Nevis Investments Ltd have 3,063,218 split-up as 1,787,708 Ordinary Shares and 1,275,510 B Shares. Currently 11.7%

Ignoring Caledonian Holdings shares, the other three above hold about 14,401,463 or 52.5%

In my experience when looking at 100’s of Companies on Companies House, the founder of a Private Ltd Company likes to have a majority control. I am not implying that the 52.5% shareholding above is controlled by one person.

Albacap Ltd: Founded 5th April 2018 Majority shareholder Jim McColl who provided capital of £501,761 and he controls 94.92% of Albacap Ltd.

Nevis Investments Ltd is a Company registered in the Turks & Caicos Islands and most people will not be aware of who controls this company, but I do.

IN9 Trading DMCC Founded 21st March 2025 with limited information available except it is controlled by a Ukrainian, Mr Maksym Koretskiy.

RKB

Companies House

I have contacted Albaco Ltd this morning. I informed their Company Secretary whose responsibility it is to ensure that all documents that are lodged at Companies House are accurate.

I noticed some discrepancies and one omission of B Shares.

The reason I contacted the Company Secretary was to ensure that before the full Banking License is issued that everything is “in order”.

RKB

Good afternoon LtdAxis

I must agree with everything that you have posted on Caledonian Holdings.

I have been accumulating CHP and I am happy with my holding and now I can Post a few observations.

RKB

Why write off €50 million (€50,637,214) ?

Writing off £50 million in inter-company loans is a significant move, and it usually signals deeper strategic, financial, or operational decisions.

Group Simplification: If the group is winding down or merging entities.

Eliminating inter-company balances can streamline operations.

In many cases, such write-offs between connected companies are tax neutral meaning no corporation tax is charged on the gain or loss.

RKB

PS Following a comprehensive review of group financial arrangements, we have taken the decision to formally write off £50 million of inter-company loans. This action, while substantial in appearance, is rooted in sound financial governance and strategic planning.

PPS From QBT’s Annual Report filed at Companies House on 4th July 2025 Page 4 “Conclusion Looking ahead, the Board believes QBT is entering a defining phase. The significant progress made with all three Methods has placed the Company in a position to start progressing its commercial options.”

Brainspark Associates Ltd.

There has been some discussion about Brainspark Associates Ltd. & €50 million “Loan”

95% of the Posters have not understood the Accounts.

You may want to look at Brainspark Associates Ltd. Accounts that were originally filed on the 9th of October 2016 and the Amended Accounts filed on the 8th March 2017.

I was in communication with FG about these Accounts because there were “errors” The errors were corrected but it cost Clear Leasure a fair bit of cash as the Auditors had to re-do the Audit.

I scrutinise all the Accounts of QBT and its associated Companies and occasionally I find the odd error, but these tend to be typo errors or a slight discrepancy on the additions in the odd column here and there.

I will not attempt to educate the Posters who have been vocal about €50 million “disappearing”.

I have been waiting over 9 years to have these “Creditors” to be written off. This is good accounting practice and “they”, you know the ones with new accounts and talking nonsense now for months (years) may want to invest before it is too late.

RKB

New Video re Brobbie Well approval.

Stock Box Media

Nick updates us that certificate received, and they are looking at Rost being on-stream within 2 weeks.

Potential new acreage at Fort Dodge.

Looking at further opportunities for methane utilization.

RKB

youtu.be/6tPde9n-g_Q

Good Morning Bouncer

I am pleased that I managed to contact you to let you know about Cindrigo.

Hopefully this link works, do not know how long you have to ley them know you would like 3,000 warrants at 20p

https://www.cindrigo.com/news/regulatory-news/

RKB

Disposal Well approved

“Mendell Helium is pleased to announce the approval by the State of Kansas of M3 Helium Corporation's ("M3 Helium") Brobee salt water disposal well ("Brobee SWD"). This is the final regulatory step to bring M3 Helium's Rost 1-26 well ("Rost") into production.

As announced on 19 May 2025, the Brobee SWD was successfully tested as being able to accommodate over 4,500 barrels of water per day at 640 psi. M3 Helium has now received a permit from the State of Kansas to operate Brobee SWD as a disposal well with an authorised injection rate of 5,000 barrels of water per day at 1,200 psi.

This authorisation is anticipated to be in excess of the capacity required for production at Rost and therefore means that Brobee SWD, in the future, could potentially accommodate water production from offset wells to Rost.”

RKB

Good Morning Itisagame

I am trying to contact shareholders in Cindrigo Holdings Ltd as they are going to re-list on the Main Market of LSE.

There was an RNS yesterday which I have posted on the CINH B.B.

RKB

Good Morning McShooter

I am trying to contact shareholders in Cindrigo Holdings Ltd as they are going to re-list on the Main Market of LSE.

There was an RNS yesterday which I have posted on the CINH B.B.

RKB

Hello my old friend.

It seems like only yesterday but how time fly’s.

I have been in MDH from day 1 when it was Voyager Life.

I have attended all AGM’s & GM’s and know the B oD well.

I do not recall if you were in CHAL / CINH (Chalenger Acquisitions / Cindigro Holdings Ltd but there was an interesting RNS yesterday about re-listing with a sweetener)

I posted the link and details on CINH.

RKB

Our shares have been cancelled since the 31st of May 2024.

Today there was an RNS issued about possible re-listing.

https://www.cindrigo.com/

There is a request from the BoD asking shareholders to agree to a 3 month lock-in when we are re-listed.

If sufficient shareholders agree then they will be issued warrants @ £0.20p.

The nominal value of our shares is £2.67 and there are 115.7 million shares currently.

Dan Air is the largest shareholder with 26.49%.

I estimate that on re-listing our share-price will be substantially greater than the nominal value and for the purposes of this post let us see what would happen if you were able to acquire warrants.

If you had 500 shares currently @ £3 they would be worth £1,500.

If you received warrants @ £0.20p it would cost, you £10 for 50 warrants. If you exercised the warrants and the share-price was still the “fictional” £3 they would be worth £150.

RKB

Cindrigo Holdings Limited

Shareholder Communications and Voluntary Lock-In Invitation.

The Company wishes to inform its shareholders that, as part of preparations for the proposed admission of the Company's shares to trading on the Main Market of the London Stock Exchange ("Admission"), it recently sent a letter by email to its shareholders inviting them to participate in a voluntary lock-in agreement with effect from Admission and for a period of 3 months thereafter. The Company also wishes to highlight the importance of ensuring all shareholders, including those holding shares via nominee accounts, receive key Company communications.

When the Company communicates with shareholders, correspondence is sent to the registered holders. Since the Reverse Takeover in 2021, many shareholders have chosen to hold their shares through nominee accounts. As a result, they do not appear individually on the Company's share register, which is maintained by Avenir Registrars Limited, and communications are instead sent to the nominee firms holding the shares on their behalf.

While there is no requirement for beneficial owners to disclose their identity, the Company wishes to ensure that all shareholders have the opportunity to participate in the proposed lock-in, should they wish to do so. Whilst nominees are expected to forward correspondence to the beneficial owners on whose behalf they hold the shares, the Company is aware that delays can occur and, in some cases, information may not be passed on. Consequently, some shareholders may have missed important updates. For example, the Company is aware of shareholders who were unaware of the most recent Annual General Meeting until several months after it had taken place.

On 14th July 2025, the Company sent a letter by email to shareholders at the email addresses held by the Company inviting them to participate in a voluntary lock-in agreement, as part of its efforts to support an orderly market following Admission. Under the proposed lock-in, shareholders would agree not to sell any of their shares for a period of three months following Admission.

Subject to a sufficient level of participation, the Company intends to offer a warrant to each participating shareholder. Each warrant will entitle the holder to subscribe for one new share for every 10 shares held on the date of Admission at £0.20 per share, exercisable within 12 months of Admission.

Shareholders who have not received this letter, either directly or via their nominee, and who would like to receive it or take part in the voluntary lock-in, are invited to email the Company at info@cindrigo.com with confirmation of the number of shares held and the name of their nominee.

Shareholders who would like to be copied into future communications sent via nominees are also encouraged to register for that on the Company web site, or contact the Company at info@cindrigo.com .

Good evening Joeblog1000

I could enlighten him / her but I am still accumulating and after putting in £11,500 via Seddrs (Republic Europe now) I have reduced my average to 4p from I think it was 34p for the original Seddrs investors.

RKB