Cupid Share Discussion Threads

[bargainbob] 03/2/2018 14:58

World Cup Thread

[the monkster] 12/1/2015 08:52

theres only so much you can do with c. 15m quid. Fritter it away would be my guess.

[smithie6] 11/1/2015 19:12

Any guesses as to what CUP might do now ?

[smithie6] 23/12/2014 18:10

What an amazing chart btw !!

I got in before the jump up to the 200p plateau....
and then out before it fell off the plateau....since it was just sliding slowly downwards...

phew, lucky.

I guess any big holders lost loads in that big fall from the plateau...

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Update

[the monkster] 23/12/2014 17:48

cant agree with you smithy much as i would like to believe me. why would anyone buy this ?? a year to wait for the funds with no idea what the business proposition is. The incumbent directors are not fund managers so not sure the extent to which they could get their act together.

[smithie6] 23/12/2014 17:25

well, I'm hoping that the 2 big shareholders will ensure that the dirs. 'get their act together'

(most of the dirs. need to now depart....since not needed for new team, imo)

or that the big 2 will takeover.


Be interesting to see what happens
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looking temporarily oversold at present....so fingers crossed we might get a bounce to 20-23p....and then see what happens...another cycle down again or not

[the monkster] 22/12/2014 12:33

agreed smith, however, the funds they have (sorry, are due to get) are not that big in the scheme of things. probably all going well will be in the region of 10 - 15 million. seven dirs. to pay plus a fund management team so that's easily 10% of that eaten into right away so whatever the strategy is its got to be fairly risky to even pay their salaries.

[smithie6] 22/12/2014 12:02

Hi
I agree with the logic of many of your arguments...

but !

imo the dirs. can no longer operate the co. as their own...
'cause there are now 2 big shareholders, who will hopefully kick the dirs. out if they do anything dubious from here on.

I agree that past actions from dirs. incl. was it Angus Forrest.....disgraceful
(after the old revelations the dirs. should all have left imo)...but he has gone

in the AIM cesspit this one is perhaps not too bad. C what happens

[bubble pricker] 19/12/2014 09:21

Hey Smithie, whether or not and what proportion of the deferred consideration will be received or not, it doesn't matter. Shareholders will never see a penny of it. The directors will find new ways of lining their pockets with generous emoluments or whittling away the cash on bad investments. The lesson to be learnt here is that one time receivables and even cash at hand are not the same as cash in the pocket of the shareholder. To value a company based on one time receivables and cash at hand is, to put it mildly, naive.

[smithie6] 13/12/2014 13:42

maybe they could back a trading company into the shell....

like a dating company ?!!!!!!

[bubble pricker] 12/12/2014 07:57

J777J, you are clueless. Why would Griffiths invest at a much higher price to see his investment collapse in value, so he can end up with a cash shell? If that was his goal, he could have simply set up a cash shell on his own or bought one.

It is funny how people, instead of realising the error of their ways, keep going on about other irrelevant matters and blaming third parties for their losses. They also keep going on and on about their beloved stock, no doubt J777J is still holding his position, until the bitter end. Let me give you a new prediction: CUP, under its new guise of an "investment" company will whittle away all its cash on director's emoluments, consultancy fees and bad investments until nothing is left. You can still save what you have left now.

J777J was trumpeting the business prospects of Cupid. He was trumpeting that the market cap, at around 70p, was less than cash plus expected deferred payments. I and others explained a hundred times that is not the way you value a business, and that in any case the deferred payments will not materialise. When the share price failed to rise, J777J blamed shorters, instead of realising that there might be something wrong with the future prospects of the business.

The regrettable thing in this whole story is that my short was forced closed last year due to lack of available borrow. I took a small profit, but I missed out on the massive drop, so my only gratification is being vindicated.

[j777j] 11/12/2014 13:51

So Griffiths is after the cash shell.

[bubble pricker] 11/12/2014 08:02

J777J, you are an utter fool. I told you over one year ago, the deferred consideration will not materialise. I told you CUP have declining revenues and no business prospects. I hope you lost a good amount of money here to teach you a lesson.

[ochs] 10/12/2014 21:43

Badly managed do you think J777J?

One example is that they got behind the curve a few years ago by not getting into the smartphone market quick enough.

[j777j] 10/12/2014 21:10

Jobs destroyed before christmas great job lads.Enjoy your eggnog.

[ochs] 10/12/2014 20:52

2 very big sales appear to be showing up this afo at 14.5p. £174k's worth of stock x2.

[jonc] 09/12/2014 21:49

They can go and work at BLUR for a few months anyway..............

[ochs] 09/12/2014 21:45

Are the jobs not being transferred to the new owners?

[lennonsalive] 09/12/2014 19:12

and he's back....

What 180 people entice others to join?

[j777j] 09/12/2014 08:43

180 jobs destroyed.

[edmondj] 08/12/2014 20:00

Richard Griffiths has far more money than sense; it only took registering on a couple of Cupid websites for trials, to realise the operation was a scam. Full of fake profiles to tease punters into giving credit card details, then repeated failure to respect cancellation requests. Plenty of warnings posted here.

[bam bam rubble] 08/12/2014 19:22

Reading the smallprint looks like they get £1.5m after warranties/tax liabilities.
Also to get it done, they negotiated a £7.5m reduction of outstanding receivables.

A hit of -£7.5m offset by £1.5m inflow on this final sale = a total hit of -£6.0m

[ochs] 08/12/2014 19:13

Ha, £3M's not much for all their dating sites when you consider what they were supposedly worth a few years ago. How much did they pay for Uniform Dating on its own for example? Bit of a disaster for sure, but they've made a sensible decision now to close it all down.