Member Info for southerndude

That last posting was just to give the last part of the placement memo produced by WGP I do agree.....its as daft as all the previous projections. However, they have managed to reinvent themselves before...so who knows

Financial Projections Introduction The projections have been prepared from management assessments of the markets, opportunities and costs and presume the commercial arrangements concerning Betbutler and Worldlink Brokers are entered into in the short term. The Worldlink Sport business has been forecast on a contract by contract basis taking into account those contracts which are within BetButlers control and those which are under Worldlink Sport Control. Worldlink Sports has been forecast as a fully owned operating subsidiary of Worldlink Group, although it is acknowledged there is active discussion concerning a possible merger. The Worldlink Brokers business has been forecast on the basis of it being a Joint Venture with the JV covering all costs. Worldlink is the recipient of a 40% share of the commissions. Within the Worldlink Group headcount is an Operations Director who is an experienced broker who will be intimately involved with the Broking Business and will take responsibility for the cross selling activity between Worldlink Sports and Worldlink Brokers. All forecasts have been prepared on a monthly basis until December 2013 although they are presented here as quarterly projections. The forecasts are presented as one for each of Worldlink Sport, Brokers and the PLC and these are then aggregated and the usual adjustments made to forecast cashflow.   Worldlink Sports WORLDLINK SPORTS £K Q4 12 Q1 Q2 Q3 Q4 Clients at Quarter End Bet Butler 16,500 33,813 54,381 80,671 107,371 Worldlink 5,470 10,010 15,029 21,697 28,878 Total Clients 21,970 43823 69410 102368 136249 Q4 12 Q1 Q2 Q3 Q4 2013 Patent License Income 10% of BB Net Losses 88.5 244.1 421.1 653.3 881.1 2,199.6 Worldlink Net Betting Revenues Post 3rd Parties 112.4 307.2 472.4 699.3 942.0 2,420.9 TOTAL REVENUES 200.9 551.3 893.5 1,352.6 1,823.1 4,620.5 OVERHEADS Heads 109.2 130.7 145.7 162.5 178.2 617.1 Heads based Costs 8.4 10.8 10.8 12.0 12.6 46.2 Facilities 13.8 14.2 15.0 16.4 17.1 62.7 Professional 14.4 21.6 21.6 21.6 21.6 86.4 Total 145.8 177.3 193.1 212.5 229.5 812.4 EBIT 55.1 374.0 700.4 1,140.1 1,593.6 3,808.1 Note that the Worldlink Net Betting Revenues are calculated net of payments to 3rd parties of 25% and include both Sports Betting and Gaming revenues. The client figures for Bet Butler have been based on Worldlink’s assessment of the opportunity.   Worldlink Brokers Worldlink Brokers has two relationships with providers of broking services, Jarvis Investment management (JIM) and Saxo. The JIM relationship stems from a previous initiative and the objective is to maintain the client base but grow revenues though better promotion. JIM principally serves casual investors with infrequent modest trades. The Saxo offer is very sophi

It seems tha there is a good chance that they will get together the required funding . So far as I understand it there are some positive negotiations going on with Falcon and other funders. But nothing precise yet.

I will check it out.

I see that in fact there is a Stuart Canwell mentioned...but his investment status is not mentioned

I have not heard that name.... In fact the detail that I have posted is about as much as I know. But I do sense a new wind of change,,,

Set out below are the funding requirements in summary form for a period of five months. Note that these projections do not include the disposal of the 51% of Worldlink Sports. Such a disposal would provide significant cash injection but reduce the ongoing revenue streams in respect of Worldlink Sports to 10% of net losses only. £'000 Operating Expenses -161.6 Working Capital - Current -126.8 Backlog Creditors -221.9 Accounts, Restructuring and Relisting -195.0 Subtotal -705.3 Fundraising Costs (5% Commission) -25.0 Total Funds Required -730.3 Revenue Income 223.3 Falcon 250.0 Xcap 250.0 Surplus/Contingency -7.0 More financial details are provided in Appendix 1 Timetable Complete Audit and File Accounts 8/11/2012 Complete Revised Prospectus and Relist By 28th December 2012

The revised objectives of the Worldlink Group plc after restructuring and the new business model are to; • Reduce the need to raise further funding • Reduce risk by increasing the number of income streams • Build resilient balance sheet value • Eliminate risk associate with a single point of failure • Focus on good corporate governance and management by eliminating the majority of operational management issues • Increase the probability of business success but separating corporate management from operational management • Write off legacy business creditors Under this business model, Worldlink Group plc will become the recipient of income streams from: • The BetButler partnership • The broking joint venture • Sale of execution only bundles to other finance houses • The US Patent • The UK Patent in respect of Sports Betting and Gaming • The UK Patent in respect of non Sports betting and Gaming • The 25% commission from the City Bet site • Dividend payments from the merged sports betting company (if the JV proceeds) • Dividend payments from the broking joint venture No significant investment by Worldlink Group is required to initiate or maintain these income streams. Assets In terms of assets, Worldlink Group will own • 49% of the broking joint venture • Subject to final negotiation, 49% of the merged operations of BetButler (if a merger between Bet Butler or a sale to others can go ahead) • The UK Patent, rights partially assigned • The US Patent, rights fully assigned • The City Bet brand and business Worldlink Group plc will take on many of the characteristics of a holding company and the staffing and organisation will reflect that. HW Fisher will continue to act as corporate advisors and will additionally provide accounting and financial management services, with a senior partner being invited to attend Board Meetings as an observer. David Venus will continue to provide company secretarial services and Equinity will act as registrar. Osmond and Osmond are retained as corporate lawyers. Hayesmacintyre will remain Auditors. Ian Coburn, who has been a consultant to the company since 2004 has agreed to take on the role of CEO of Worldlink Group plc. The Board Ian is an accountant (FCMA) and holds an MBA from Cranfield and has had 37 years experience in organisations ranging from multinational corporations to fledgling spin outs. Neil Riches will remain available for consultation. Stuart Canwell has joined Worldlink. Funding Requirement Worldlink requires funding to complete the reorganisation of the group and relist. At the same time the Worldlink Sport and Worldlink Brokers companies will be launched but the cash cost of this is not significant.

I am not sure how to post it.....i will try to work it out later today

His name does of course appear throughout the information memo.....you would laugh if it were not so serious !

Excellent thinking.....I will pass your suggestion on.... Excellent thinking

I dont know the details.....but there is a plan to restucture...

I think that the monies to settle Steven Pearson were not cleared funds...so a weeks grace was given to allow clearance.

I think the hearing has been deferred by one week.

There is a strange silence.....what is happening ?

Is there a similar link to the FSA ?

These WGP guys have been telling my people that Rio is about to invest a lot of cash...enough to cover their sports deals... Well well...

There was supposed to have been 15,000,000 injected subject only to floatation on LondonStock Exchange... What happened to that ? This whole matter needs very serious investigation

I think we have some good news in the very near future. This share is well undervalued

I suggest setting up an action group. I think that until now the shareholders have been concerned to not do anything which might damage their own interests. But there may be some glimmer of hope from a coordinated approach