Member Info for Strongman

Sorry I see someone has already corrected you. It is not going back to old RNS's as you put it. The accounts are up information up to May 2018. That statement is post accounts at October 2018.

My god, is it really this hard here. This used to be a great board a few months ago, very informative and sensible, where have they all gone!!!!!!

spike912

You say earlier at 17.19pm

''Total cash stands at US$13.3 million (2017: US$15.0 million)''

That is not the amount of cash they have today, that is the amount of cash they had to the end of the accounts reported which is to the end of May 2018.

After this date a RNS in October 2018, clearly tells you the cash position has changed, due to the company having to refund $10m in players balances. Read the last line in the paragraph, it confirms the current cash balance as of October 2018, ie $3.1m now. (Post refund, the current cash on the Webis Balance Sheet stands at just over US$ 3.1 million.)

WatchandWager has no option other than to assume, with immediate effect, the cessation of wagering services to a syndicate (who are unable to be named under confidentiality restrictions) following a commercial dispute. Consequently, WatchandWager have refunded the syndicate's player balances, totaling approximately US$ 10.0 million. In the absence of any new deposit funding, under regulation, no further wagers can be accepted from this syndicate. While this development will have no effect on the year-end 2017 financial statements due to be published in November 2018, the board anticipates that the reduction in gross margin for the financial year ending in May 2019 will be approximately US$ 0.8 million. Post refund, the current cash on the Webis Balance Sheet stands at just over US$ 3.1 million.

hopsta999, let me explain it to you.

The group have several horse racing licences in the US. It has had these since the purchased of WatchandWager.com Limited back in September 2009. The licence W+W have cover horse racing in the following states:

The company holds United States pari-mutuel licences for its ADW business in the US, namely a multi-jurisdictional licence issued by North Dakota and individual licenses in California, Kentucky and New York, as well as several other US States.

It has recently renewed some of these licences already, which include so far North Dakota (no where near California by the way). They are currently in the process of renewing or have renewed licenses in California, New York, Kentucky, Washington, and Minnesota. The California one is being renewed today as per RNS for accounts.

These are all as per licences they already have, and renewal should be a formality.

Now the bit where some folks are getting a little mixed up, purposely or not. Following the US Supreme Court’s landmark decision to overturn the Professional and Amateur Sports Protection Act, states have begun to pass legislation allowing for legal and regulated sports betting within their borders. Some states have already passed this, but not California. It may well be next year or the year after, all depends on the political decisions in the state. Once this legislation is law in California, it opens up the door for sports betting in a much bigger scale. This is the reason for the big rise ion the share this year, until folks realized it may take a while before these states implement the required legislation into law, especially California.

Some on here have pumped it to make it look like this simple and formality licence renewal was the big sports betting legislation in California, everyone is waiting for. It is not, and simple read of that recent RNS and several back RNS's would have explained.

The simple truth here is that sports betting will remain illegal in California, until the state passes the legislation to make it lawful. Imo it will be around 2020, but could have a chance in mid 2019.

Do not get the old licence renewal and sports betting legislation confused, they are separate entity's, as well some on here know.

Some have made good money today on the pump/ramp, some will be spiked on misinformation spread, or at least twisted to make it look more important then it was. A 100% rise on a renewal of existing licence on a existing business, which will not enhance the revenue, but rather keep it close to what is reported this year to next year. Go figure, but this is AIM and anything is possible.

That certainly pushed it up into close Washer. I predict a 8's break through tomorrow, but usual caveats.

I am happy enough, 7.20 mid finish resets the techs and resistance and support once more. Good day, we flushed out a lot of sub 7 sellers in this volume.

The bigger day was always going to be Friday and all next week.

Good finish and blue second day on the trot.

Without the licence back in 2013, they could not operate the leased Californian harness track, Cal Expo in Sacramento. So yes the licence is important to keep existing business going, especially at Cal Expo.

Bloggsy, if you knew this information, why did you not correct some of the blatant misinformation flaunted on here all day.

That is the end of the subject for me, I would say all this is basic information for any investor, generally all available on the previous RNS's. You will no doubt see a few folks complaining about being spiked or pumped in the next few days.

Good bye and GLA.

Yes spike912, that may be the case here, but total misrepresentation of the licence and which licence may have locked in a few at the highs today. Look as I said, no skin off my nose and I am just as happy to see this go on to 8p then not.

Good luck, and I hope it works out for shareholders here.

dvharrison, Just a few minutes of doing the basic research would have led them to the information, past licence granted RNS would have been a start of course:

This licence was granted in 2013 and due for renewal now:

19th July 2013

WEBIS HOLDINGS PLC

("Webis" or "the Group")

WatchandWager.com LLC secures California gaming licence

The board of Webis, the Group specialising in the provision of sports betting, pool wagering and the operators of Cal Expo, a Californian harness track, announces that its wholly owned subsidiary, WatchandWager.com LLC ("WatchandWager"), based in San Francisco, California, has received approval for a multi-jurisdictional Advanced Deposit Wagering ("ADW") licence by the California Horse Racing Board ("CHRB") which allows for wagering from California residents on the WatchandWager.com platform.

The licence was formally approved by the CHRB at its public meeting on 18th July. This licence allows WatchandWager.com to accept wagers from Californian residents on all content for which it has agreements with the host track and the particular racing breed. By virtue of WatchandWager's licenced operation at Cal Expo in Sacramento, agreements are already in place for standardbred racing. Now that the licence has been formally approved, agreements with thoroughbred and quarter horse racing content providers will be sought. By statute, licenced wagering may commence on 6th September 2013, 90 days from the formal application date.

WatchandWager.com is the first ADW to be granted a new operational licence in California by the CHRB in more than five years and will be only the fourth operator that can legally take bets from Californian residents. The CHRB has a heavy emphasis on compliance and wagering integrity and the granting of a licence is testament to the significance that WatchandWager.com places on these issues. In due course, the board believes the financial impact of the Californian licence will be significant in terms of player numbers, reputation and leverage.

USA regulated gaming

Following the Supreme Court's positive judgement on Sports betting in May, the company is clearly excellently positioned to benefit from expanded e-gaming and of course sports betting. The Board is encouraged by initial results reported in New Jersey. As previously advised the Board believes its key opportunities lie in the State of California with its unique physical presence at Cal Expo and online advanced deposit wagering license. It should be recognized California will be a little slow to adopt regulation, but we are very encouraged by the certainty that only California land-based operations will be licensed in the State. This is of course critical in what is the true State of opportunity, which will dwarf other States in terms of final revenues earned.

The Management and Executive highest priority is now to assess strategic opportunities in the USA, and particularly in California. This includes potential software deals, or even potential mergers or acquisitions. At present the Board expects to announce more details in relation to progress on this in early 2019.

Firstly, I am not a shareholder here at the moment, but used to be a few months ago. The share rise does not effect me, so I wish shareholders here all the very best.

But you are spreading false information, or simply not understanding what the licence named in the accounts is for. It is not the long awaited ''sports betting licence'' that can become effective once California adopt the legislation in the future.

The licence they already have and which is in the process of being ''renewed'' is for their existing horse racing licence facility at California, hence it is applied for to the California Horseracing Board, and NOT the state legislation board. You will also notice it is doing the same process at New York, Kentucky, Washington, and Minnesota.

Here is Ed Comins comments on it to help you:

''Regarding Sports betting - you will note our main emphasis is in California and that State is some way behind other States in terms of legislation''

You are getting the legislation and the formal renewal of race licence mixed up.

By all mean ramp away, but keep the fact right.

Who cares, we know where it will be this time next week. Let the traders out, new cash in and move on again.

Yep, third wave just starting by the looks of it. A lot of 10%ers shifted out in the last hour, so good luck to them on taking the small profits. Most here I expect are now in position for 11-16 area, depending on risk to reward I guess. 90% of my holding will stay in for R zones result and 60% will stay in for Mengo, and finally 25% will stay in for Dengo. I work on the COS to risk position, hence the percentage of holding to each zone, makes it perfectly hedged imo.

They will do this a few times on the way up, this is due to them looking for feed to supply the buys for the first time in a while. Ask is still out there at 7.595, so that tells a story on the bid side really. Lets see where the afternoon wave takes us, will it push through and print 8 today, fingers crossed.

https://twitter.com/angloafricanog/status/1068090680554266624

Get the drill results all in including flow rates. Set up the next business plan on those results (how many wells to drill in 2019). Then do at rights, open offer, subscription offer to existing shareholders and a institution. The results of this well will dictate price.

7.15 v 7.50 on a 50k share quote. WIN's just trying to gain some feed.

You are missing something. All conversion shares have already been dumped forward. Check large delayed trades past week.

Just the start of the rise here, still well undervalued. 7.745 high of the day so far, which I expect to be taken out again at some point through the day. Good volume and sentiment turning now the monkey is off our shoulder. Techs and charts all switched to bullish. We will hopefully see a good supported rise up over the next few sessions.

LOL sure could irishmouse, get our acceptance speech ready.

5 x mm at 8.00 ask now, book looks real good now.