Member Info for Troutisout1

Erebus,

First, he posted that over 4 years ago and second, you have changed the text of his post, which seems a little dishonest....

"RE: Where are the buyers??15 Feb 2019 18:27

I'm happy to hold but will not be buying any more shares until DKE announce further deals."

Company stated they had other and more competitive offers of finance, but nothing came of them (always struck me as weird if they could go and find more competitive deals why were they so lazy in accepting the dodgy CLN deal?).

Anyway they accepted some of the loan and then struggled with a prospectus. Then they ended up having to sell the two gas peakers, the £350k was used to pay off loans, after that they issued shares to the loan note holder who was obviously wanting out, one large tranche of 128m shares was issued and then cancelled after advisors stated DKE could not issue without a prospectus, a smaller amount was then issued. Basically DKE had reached the limit to how many shares they could issue in that 12 month period and couldn't issue any more. Therein lies the problem, they have no money, and they are struggling to issue stock to raise more and no-one is going to loan them money when they haven't got a business. So in a long winded answer, but one I hope will add some detail and history for those newbies, No I am not currently a shareholder, I am OUT.

Radika,

No I invested in DKE back in 2020 during the Covid times, just after they did a placing at 0.4p, I knew a couple of large investors that had taken part in the placing (clients of the House Broker). I didn't realise the extent of the large 'professional' PIs that had taken part in the placing and when it hit 1p many raced for the exit. I took some profits and then traded it a bit. Covid left the business model of Uni accommodation and Care Homes being built together out the window and so they hired a new CEO to move the business on to other things. He came from a Family Office background for a very wealthy American Billionaire and had dealt in developing Hotels, Distribution super hubs and Offices, all of which provided a great ongoing income.

I suspect that Geoffrey Dart was too old-fashioned for that and he didn't really get a chance at it, they never could raise any finance and yet Dart and Gazzard were meant to be 'experts' at sourcing funding.

The first red flag was the delays in finishing the two properties in Liverpool and the rather smaller profits from those projects. Management remained tight lipped about all of this and yet some investors were able to find out what was happening from the builders and the council.

Geoffrey Dart through Chesterfield sold £630k of shares and loaned £500k back to the Company at 0.65p, putting £130k in his pocket without having to sell in the market, as the HB organised a placing for that stock

Next Gazzard turned the Company to the gas peakers and Arlington which he was involved with. The two companies set up a JV and purchased some sites from Arlington (Arlington always claimed to have backers but seemed to never have any money) , then they started talking it all up and saying the company (would, could, should) be a £100m company one day. It was a flippant comment from Gazzard that whetted the appetite of the pump and dump crews and signalled a likely fundraise. They couldn't get it away though as many from the previous placing didn't want to invest again. So that was when they came up with the CLN. This was the massive Red Flag and most investors now worried and started to get out. I did on the CLN news and in that the news that the Company had hired Zac Mir to do their PR work for them.

This twist was funny as Zac featured DKE and appeared on the Sunday Roast pumping the company up, the host there started buying silly amounts of DKE stock and took over the telegram group and started threatening people who said anything against his rose tinted view, even defending the CLN with Alpha Blue Ocean.

A couple of months later he sold all his holdings for a whopping loss and admitted he hadn't realised how dilutive the CLN was going to be and that he was wrong about DKE. He didn't go as far to apologise to those he chastised on his podcasts and social media who tried to warn him about DKE.

At the GM the resolutions to allot shares were voted down by holders and the CLN got shelved, the Com

Here's a thing,

Maybe there is nothing more to update as they haven't achieved any successful negotiations with either the regulators or perhaps even they haven't got a deal with a company to RTO yet.

Some here are really grasping at straws and seem to be novice investors, please understand that the system is not built for private investors, PIs are the ones that come out stripped bare by their fee taking Stockbrokers, BoDs and all the surrounding legal and regulatory fee takers, even the IIs are insulated as it isn't their money they risk and could lose.

Investing is not for many people anyone who has been investing for decades will have seen multiple companies collapse, some through bad luck, others through the general market conditions and some through fraudulent activity, but many will have been through poor Management and this Company sits squarely in the section, so don't be surprised they are not communicating, they never did (and when they did it was a sure thing they would be after raising more finance at that point.

It's the regulations, they cannot update only part of the market eg. a few shareholders from this BB, they have to release any new and material news by an RNS to the whole market (including non shareholders).

You are unlikely to get a Q&A from PG and if you do before they release any news you will be disappointed by the lack of anything he or GD will say to you. They have been very difficult to get anything from for years (red flag), they did speak with some large investors (when they were after another placing) and the ex CEO spoke with a few of us about his aims and ambitions for the Company on some conference calls, that all came to nothing and GD and PG continued in their way...

First they couldn't tell you anything in a Q&A that was material as they would have to RNS that to the market, as per the regulations, they have to tell the whole market, not just a few on a Q&A.

Second can someone please tell me why this would be a £10m Company? They have a listing and a bag of debt, why would that be worth £10m? It sounds like a prospectus would be needed for any RTO, so please explain the £10m valuation, because it certainly does not cost that to IPO a Company.

Michael,

I don't think he is having a dig at you, he is stating you could easily still be 'fake' and that any investor should not take any poster on a BB for real unless there is real proof and you showing someone else a screenshot of your account really isn't enough proof. A TR1 with your name on it would be proof.

08 December 2020

Dukemount Capital Plc

08 December 2020

Dukemount Capital Plc

("Dukemount" or the "Company")

New Funding

Dukemount Capital plc, the property management and long dated income specialist is pleased to announce that GBP500,000 of new financing has been secured by way of a fundraising undertaken by the Company's broker, Peterhouse Capital Limited (Peterhouse) and which involves a combination of a subscription by Chesterfield Capital Limited (Chesterfield) of GBP500,000 by the issue of a new Convertible Loan Note (the "Notes") and the simultaneous sale by Chesterfield of 97,000,000, or GBP630,500 worth of shares at 0.65p to new investors introduced by Peterhouse.

The additional funds will be used for working capital and due diligence on significantly larger long-term income deals which the board will be assessing and which it believes could be material to the Company.

As a result of the share sale, Chesterfield now holds 4,666,666 shares representing approximately 1.03% of the total issued share capital of the Company. The Notes which have a 6-month term, are interest free, unsecured and are convertible at a price of 0.65p. Chesterfield intends to convert the Notes as soon as practically possible. Following a full conversion of the Notes, Chesterfield would hold a total of 81,589,743 shares which would equate to 15.36% of an enlarged issued share capital of the Company.

The issue of the Notes is deemed to be a related party transaction as Dukemount Chairman, Geoffrey Dart is a director and indirect shareholder of Chesterfield Capital.

FINTECH

You really don't know anything about this Company, having jumped aboard just before the Suspension and got stuck.

Chesterfield are Geoffrey Dart's holding company, he sold the shares at 0.65p in a placing organised by the Company, they then lent £500k to the Company, as a loan note convertible

at 0.65p. Funny enough they sold £630k's worth and only lent back £500k so GD took £130k out of the Company, without having to sell in the market. The price then plummeted and the Company have not had the money to repay the loan and Chesterfield haven't wanted to convert at a much lower price. Last year they had to re-iterate the loan would be converted and some rampers used that to tell everyone that was the value, which of course it wasn't....

If the Company goes tits up the loan holders would come before the shareholders in the queue, so I doubt they will want to convert.

Moaningman,

You are one sad individual, if he hadn't RNSed anything by the end of this week, you would have slated him, when he has you slate him, he can't do anything right according to you, because in your warped little mind he has to develop and sell a novel drug candidate for billions within 2 years of the Company being set up.

All for what? your free carry from holding a few thousand ORPH shares???

FINTECH,

I am not anyone else but me on here, I used to be just Troutisout before the Computer packed up and I couldn't log in on that username.

Now about trusting you, you have avoided my questions and requests for examples, you first posted on this BB back in October last year and seem to just post about DKE since.

You quite clearly were one of the pump and dump merchants that jumped aboard, ramping it at the time and got caught by the suspension. You clearly are lying about certain things and how they work and you might think that befriending Michael and others who ultimately got sucked in by your and others ramping will help them, but if this relists you and I know you will go for one last pump and then rush to the exit to leave them up a creek without a paddle....

As you don't understand English, you said "Could have made more by sticking cash under the mattress",

Neither option has made more...

The question is why haven't you sold if you don't like this? You have moaned about it for the last two years (apart from your brief positivity every time you change your book).

Many long term holders have added at levels much below where we are now and so will actually be sitting in profit.

Michael,

What he hasn't told you is the reason the FCA are not currently letting DKE come out of suspension, why the need for back and forth?

Please look at all possibilities as the range of reasons can start at positive and end at negative...

I think you once asked if someone held 1% of DKE, whether they would hold 1% of the new entity after RTO and the answer is quite obvious, if there was no value in the other Company then yes, if for instance they were valued at £30m then of course you are going to see a huge dilution in the percentage holding, as the current owners of the other company are going to want their cut of that value.

It is a reverse takeover because the smaller company purchases the larger company, this generally needs a huge issuance of shares as it is unlikely the smaller company has the funds to buy the larger one (it wouldn't be smaller if it had the funds).

Moaningman,

You obviously haven't kept up to date with inflation over the past couple of years....

Michael,

Exactly how do you see DKE multibagging? The value of the competed RTO might be 30 times the current but your DKE shares won't be worth anything like that, the owners of the company reversing into DKE will want their equivalent share of the share issue, if they bring £30m company to the table and DKE is worth say £1m then they will want 30 times the amount of shares DKE holders have.

Why do Companies want a listing? It gives them the ability to raise money by issuing further shares, what will this do to existing shareholders?

The only positive I can see for DKE shareholders is the pump and dump crew might get a spike out of the relist, there are some here that obviously bought in on the RTO pump and dump and got caught out by the share suspension, they will talk it up as much as possible and sell into the hype.

Part of that hype was the fact that the auditors apparently went back over 11 years, that isn't a positive or a sign of the RTO being positive, it shows how dubious the accounts have been over many years and the new auditors had to start again to make sure they were alright with the current years.

FINTECH,

Can you point out where the notice for the AGM was in 2022 and what the votes on the resolutions were?

Only as far as I can see documented the last AGM held was in 2021 and no shareholders were allowed due to Covid restrictions.

You definitely cannot call an AGM a day before the AGM...

How about the simple answer that when you haven't got any money, you don't keep renting, you go and kip on a mate's sofa. DKE change of address is nothing more than a money saver by Gazzard.

An AGM needs a formal notice published by the Company to all shareholders with a specific time until the meeting is called, I wouldn't take anything from Morningstar or anyone else, unless you have seen the formal notice.

As always people harp back to CF's words, I believe I remember that Mo said they will RNS material contracts, that is over 10% of expected annual revenues. As the expected revenues have increased, fewer contracts need to be announced.

I wouldn't worry about big ticket contract wins as they will be at least 12-18 months away, it is the smaller ones that increase this year's revenues we all hope are being booked in.

Michael,

I urge you to take some proper independent advice, do not take it from this and other BBs, there are some here who are ramping it up for an exit themsleves, so they will tell you anything you want to hear.

An RTO is simply a way for a larger non listed entity to get a listing, it doesn't mean that the smaller company shareholders are the only ones to get the benefit of the bigger company's assets, they will have their own stakeholders that will want to keep their skin in the game.

Much has been made of Masdar, but I don't seem to see why they would want a listing, they are a State Backed Company with a huge amount of financial clout (a listing is invariably about being about to raise fresh funds, Masdar don't need a Stock Exhange listing for that and as I have said before, I can't see them wanting to share their business with shareholders and all the compliance and regulation that goes with a listing.

The second but last RNS makes it clear that DKE were hoping to RTO into the SPV fpor the two peakers, this was because although they announced differently Arlington had no funds available to thhem and they wanted the route to funding a listing would have given them. They now have Masdar to fund them.

I haven't got the time or inclination to look into Masdar and rlington relationship to see if they have actually made progress, but if they are, then I can't see either needing DKE now.

The biggest Red Flag here are the Directors over the past five years they have failed to bring anything of note to fruition they landed and built two buildings, that didn't make the profits or come in on the timescales stated. There have been placings that got so bad they were just placed with large PIs who just flipped the shares and the SP has collapsed and cash dwindled to nothing. They have changed their gameplan so many times and never succeeded in accomplishing anything said all the time drawing salaries, etc.

For your sake really take the blinkers off, if you get a second chance with your money don't believe the hype so much this time and think about capital preservation. Have a good weekend, Trout.

Michael that is correct, the £30m mkt cap is the company subject to the RTO, if DKE RTO that company they will be worth £30m+, but how many shares will the target company want 30 times the current alloted amount? The dilution for DKE holders would be huge.

Bear in mind the cash figure is historic and since then the auditors have spent a long time going over the past 11 years, I would think the cash in bank figure has gone on Auditors fees and so DKE doesn't have a strong hand in any RTO discussions, they aren't a clean shell as they have debts and they aren't a cash shell as they have no cash, so they have the listing which isn't currently in the Energy sector that people are touting as the next direction.

I have watched your posts and the mood swings over the past months and would ask you to make sure you think of capital protection on any relist, if you do get the chance to get something back out of this, do consider taking a large chunk off the table and reduce the risk involved here, because it is not as sugar coated as the pump and dump brigade will have you believe. They got caught in here and will want a spike up to exit as soon as it relists. DKE can be very illiquid to trade at times. Caveat Emptor!