T20 Traders19 Aug 2019 13:52
T20 Traders
Well Mr OneKnowswhat!
So with a bit of luck a few of the T20 Traders will have departed and we can all move on. Is that what you are saying?
Geosim Systems Ltd: From our recent Annual Results we were informed that our 4.53% is worth $667,487. This implied a company worth $14,734,812. Today we are informed that they are doing a fund raise of $750,000 and CLP are taking $100,000. This works out at 13.33% of the total fund raise. If we use a very basic assumption that Geosim’s value only increases by $750,000 to $15,484,812 and we go from $667,487 to $767,487 then we would technically have not 4.53% but 4.96%. This may not seem much but it is an improvement.
Now even though we are informed in today’s Business Update that Geosim has this $1 million contract it is actually with the Hong Kong International Airport which with their own recent little difficulty with some citizens “protesting” I believe this contract will be fast tracked to assist the Chinese Government. There are 191 airports in China so there could be further business there.
Geosim have been awarded a contract by the Los Angeles Metropolitan Transportation Authority, is to produce a high-definition “Reality Model” of a segment of downtown LA (including 7th Street Metro Center Station), that will serve as a simulator for training First Responders in a variety of emergency situations (this was in our Annual Results) Now we all know that Los Angeles is in an earthquake zone and this could be the reason for utilizing Geosim’s technology.
PBV Monitor: If you have not already signed up for this site I would recommend that you do, it is free and is easy to register. I am watching this site closely and I have found out a lot of information which at times is just as interesting as Companies House. When you number crunch the numbers, where they have had 1 million professional visitors and they (FG) has said a “At a very conservative conversion rate it would generate revenues in excess of €1m for PBV.”
We know that the annual fee is $14,640 and if only 68 Law Firms sign up then that is the $1 million. Now I can’t recall the individual fee for a lawyer but I think it is about $750 (too busy to check today) but if you are a high-flying lawyer who has closed a £100 million deal and want noticed, would you not want to put your details on the PBV site to let them know who you are? This PBV Monitor will become valuable, just need to see if CLP shareholders get a slice or the Swiss.
Debt: Our debt has decreased substantially and FG has said he will continue to work on that and I believe the debt is only a fraction of our litigation cases that we know of, (there are many cases that FG cant allude to at present)
RKB
PS Going out this afternoon to do some charitable stuff for my sins.