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Cellcast Share Discussion Threads
Showing 7176 to 7196 of 7200 messages
|Phil ; I dont think so, but it seems someone siphoning up for sure. We know Atlas(Management) bought 1.4m recently, so is it them again or is it someone else..........imho.|
|Quite a few small BUYS this am - had a mention somewhere?|
|Are they coming to the AGM?
|Does CLTV reply to e mailed questions from shareholders or potential investors ?
"MetaphysicalMan29 Jan '07 - 16:39 - 555 of 3049 0 0
I asked precisely that question regarding the fundraising in an email to Andrew Wilson, CEO around a week ago - no response yet! Will let you know if I do get one, but not holding my breath.
FromTheBlue29 Jan '07 - 17:17 - 556 of 3049 0 0
I have never had a single response to any email I have sent to the company."|
the following is out of date....but I think it probably still reflects the current situation
(that dirs.+ Atlas is not a concert party
but that the 3 original dirs ARE a concert party and if they go above 30% then they need to make an offer for all the shares of the co. at highest price they paid within last 12 months....
..they are at 29-30% at the moment imho
..if added Atlas then its 49-50%..
...both numbers just under the limits of 30% & 50%...)
"The Panel have agreed with the Company's analysis that Atlas (which is
interested in 8,645,635 shares, representing 13.5% of the issued share capital
before the Acquisition), SMS Media Limited and Sardik Limited are no longer a
concert party. Furthermore, the Atlas Option Agreement, under which SMS Media
Limited had certain rights to acquire the Atlas shareholding (which represented
28.3% of the issued share capital on admission) has expired.
The Panel has further agreed with the Company that Andrew Wilson, Bertrand
Folliet and Emmanuelle Guicharnaud who are directors of the Company are a
concert party ("the Concert Party"). Following the Acquisition, the Concert
Party will be interested in 20,406,767 shares representing 27.02% of the
enlarged issued share capital. These interests include shares held and/or
controlled by SMS Media Limited and Sardik Limited, who were members of the
Original Concert Party.
Under Rule 9 of the City Code, if the number of shares in which the Concert
Party is interested increases to 30% or more of the voting rights, the relevant
member of the Concert Party will incur an obligation to make a general offer".|
|last day of Jan.....
5,000 pounds for non-exec BF.....not living in the UK....
I assume that he attends 1 board meeting every 2 months is it !!??
If so that would mean 10,000 pounds for 1 board meeting !!..with the co. also paying travel and accomod. costs ...from abroad...
Seems far too high imo ...for a company that has never paid even 1 divi to shareholders !!
& has 3 times as many shares now as just after the IPO ( roughly 75M vs 25M, +/-)..due to rescue share issues...
is it just because he is one of the co-founders, with the MD and their company owns a lot of shares in Cellcast ??
I have based my post on the official data, ie. given in the accounts ...
(although his address is recorded as Hong KOng....but I understand that that is not true ..even though the official data for residential address is supposed to be correct and kept up to date....)|
How about you e mailling the company about the subject of the 3M warrants having expired in Nov 2014 but the accnts to Dec 2015 saying that they are still exercisable (and no data given such as exercise price nor who holds them)....if you agree with my arguments about it...
with a copy to AIM regulation and FRRP
(to try to encourage the bod to produce correct accounts in the future !.....if no one complains then they have no incentive to change imo)|
I do have some shares...from lower down....
Trying to decide what I think now...& understand the data/info.|
...PIs need to fight for their rights sometimes...(well all the time on AIM; eg. rights issues normally exclude PIs but breaks spirit of Company Act which requires all shareholders are treated equally)...
....Hopefully future accnts wont have similar stupid mistakes as in past ones...
& regulator input can help PI interests imo
(& if the 3M warrants are deleted and not exercised....since they are expired (I detected it, no one else)...it benefits PIs)|
|..pressure the bod
Via regulators ;-)
(Although the UK regulators are reputed to be completely useless !.....FRRP are phps quite good...accounts have to meet the rules....
Although they never did much about Globo or Quindell !...but if ppl lie/cheat to issue false numbers it can be difficult to detect/prove or locate the lie..)|
|Smithie, I cant really see how you can pressure the BOD when they have such a large holding themselves especially if you add Atlas as well and it maybe the case that the other lager holders are behind them as well. So maybe worth some effort to find out why the major holders are adding. I suspect something tasty must be happening behind the scenes and major holders are maybe not that bothered about a few loose ends in the accounts or few extra perks the BOD are getting.|
By highlighting stupid childish mistakes in accounts I'm trying to
- pressure the bod ....
- & also pressurise the NOMAD
- & big shareholders to pressure these 2 as well
& by sharing some info. Ifind...well, maybe another poster might share some info they know that might be interesting to me to see...|
|...I get the feeling that due to Atlas + the dirs being a concert party and having ctrl of the co. ...then they dont really give much of a damn about PIs or mkt or complying with regulations....
Otherwise the FD or a dir. would have gone imo when they did a rescue cash raise less than 12 months after listing !!...bod stayed.
& I get the feeling that the big >3% holders dont try to keep the bod under any pressure or vigilance..
On 1 hand its good that dirs. have a sizeable % stake...but has -ve side as well due to risk of them having too much power/control & then giving insufficient weighting to trying to make money for shareholders versus make money each year for themselves. ( previous post of about 4-5M to dirs via benefits. 0 to shareholders). But arguably it happens at many listed cos.|
"Tele-cine" in the 90s...
Tell me/us more ??|
Apple founder made Apple successful
due to great interest & care/attention to details of the things that produced turnover.
Imho I dont see that at CLTV. (client phone calls going to wrong place..BBC article ..& thats after being listed for 10 yrs. Stupid childish mistakes in the accounts. Poor communication of co. & NOMAD...refusing to answer some questions about discrepency in accounts, & co. doesnt reply, NOMAD replies for co. (very unusual) etc etc...|
|Smithie: Great work, looks like everything is geared towards Directors benefits not the shareholders. This goes back some time when Previous Chairman Julian Paul (Past away now) days and another company called Tele-cine in mid 90's, these guys are expert in fleecing the company/shareholders.....imho...dyor.|
I think most companies especially on Aim have murky accounts and have related parties connected which can be near impossible to prove. I did some research of the whole media/gaming sector a while back which i posted here and the general lack of clarity in accounts was most evident and a constant use of EBITA to cover up the lack of any underlying profits. It's true that Cellcast have quite messy accounts, in part due to all the new start ups and partnerships over the years and a lot of related party stuff but as far as i am aware all above board. I guess the directors are legally feathering their own nests along the way.
And a question, are you long Cellcast or on the short side ? As there is no short trade available to my knowledge, but you are doing some good digging and the share price is reacting very nicely, i think you are adding extra fuel to the launched rocket.|
interesting imo that CLTV pays to SMS Media Ltd Hong Kong ....for services provided by SMS Media Ltd
it is then up to SMS Media Ltd to pay relevant taxes etc...
so, imo it is wrong for CLTV to pay UK Social Security costs to a company in Hong Kong....partly since UK social security costs are not a valid cost imo for a an invoice from a Ltd company and 2) especially UK soc. security costs are not relevant for a Hong Kong company.
SO imo the payment is being split....
for the main payment A.Wilson doesnt exist...only SMS MEdia Ltd....in Hong Kong...
yet for social security then suddenly A.Wilson does exist, is resident in the UK and CLTV pays his social security cost.
Where I have seen people use companies rather than their own name in order to get paid they get a payment.....without a separate payment for social security.
(and imho there is no social security cost to pay when one uses a company... (is there Hong Kong or UK VAT % to pay ??))|
|Tax & expenses
Note 7 of annual accounts 2015
non-deductable 38,718 pnds
..this is wrt tax....ie. after tax at 20%
What is the money being spent on & is it justified expense if the tax man wont allow it as an expense ?
Tax man says it is not a valid expense...so its NOT for electricity, hotels, flights...so what type of thing are costs that tax man views as invalid as an expense ?|
|A key factor for weighing up CLTV imho appears to be the cost of transmitting throughout the UK on a Freeview channel....I assume this is normally via radio signal
I assume it is a large or noticeable part of the fixed costs that the co. has to pay before leaving anything over for profit.
The accounts dont report this cost.
Anyone have any idea how much it is ?|
Are you clued up on accounts ?
There are cash flow breakdown tables for profit and also for investment.
The numbers for H1 dont get included in the totals for the year which I cant understand ...
eg. 2015 annual report...I think it says that some intangible assets sold for about 130k in H1 but that for the year the total was 0 !
ie. The 130k in H1 is forgotten for the annual number.
Im sure there is a simple explanation....accounting...
Can anyone explain it to me ?|