RE: Bell21 May 2025 23:55
Just imagine all the below lendings are probably by Bolitho and Topham, with the help of the dastardly Lundy.
I blame greedy Andrew Bell, after all he let them infect every part of Red Rock, he couldn't resist accepting loans from them.
Lundy even said he encouraged Bell to get assets in hellholes like Burkina Faso and the Ivory coast. Here is Lundy 31 January 2024 (15:52) trying to con posters on the worth of those garbage assets:
"As I have previously posted and, again, people with agendas deliberately take it the wrong way: the DRC cash from the Arbitration is only $7.5mil. There is more value elsewhere in RRR's assets. My view is that Burkino Faso is worth a lot more than the DRC cash and the same with Cote d'Ivoire. "
https://www.lse.co.uk/profiles/helpful/?page=182
Is Red Rock really an investment for the small time investor? Well I certainly don't think so. It seems everybody behind the scenes is raking in the money. And Lundy's job is to plonk himself on this thread to keep the interest alive in this Zombie company by b*llsh** and manipulation.
Below is extracts of some lendings from the latest RRR Final results RNS:
(1). "During the year convertible loan notes of £693,645 were outstanding. £127,000 of these notes were converted, leaving a balance of £566,645. The notes carry an interest rate of 12% per annum. The balance owing at year end was £638,535 and is recognised in current borrowings."
(2) ."Over the course of the year £1,050,000 was drawn on an existing loan facility with a high-net-worth investor. The facility attracts interest at 20% per annum and carries a 20% redemption fee and has been recognised in current borrowings."
(3). "During the year a loan from a high net worth investor of £50,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 30% and has been recognised in current borrowings."
(4). "During the year a loan from a high-net-worth investor of £150,000 remained drawn, carrying interest of 0.5% per day and a repayment bonus of 25% and has been recognised in current borrowings."
(5). "During the year a loan from a high-net worth investor of £100,000 remained drawn, carrying interest at 20% per annum if unpaid at redemption date and carries a 20% redemption fee and has been recognised in current borrowings."