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Challenger Share Discussion Threads
Showing 626 to 645 of 650 messages
|Think it has a long way to go before it settles.
Might have another sniff at around 5p.|
|More sliding than crashing, but still sliding in the same direction. There will come a time for the upturn, but I can't see it yet.|
|CHAL The north shore of Staten Island will soon have the New York Wheel http://www.usatoday.com/story/travel/destinations/2017/01/09/new-hotels-2017-new-york-chicago-los-angeles/96215794/|
|Nice 1 rkbeekeeper11 Jan '17 - 13:49 - 127 of 127 1 0 Moderate | Ban
As stated previously I used to work for a large UK retail bank and one of my duties was as an Auditor. So this training is how I know how to look for 'errors or anomalies'
Just last week CHAL issued an RNS that had an error (only a date wrong) but it was a means to an end as I established contact with the CEO Mark Gustafson, the Nomad worked overtime on Friday evening and they issued a replacement RNS.(also got CEO to consider putting out additional information that could assist shareholders)
The CEO then emailed me to say thanks and I had his email and contact details so I emailed him and he called me from Canada and we had a chat for 10 mins.
The purpose of telling you this is that once you have established contact and you ask questions of the BOD we all know they cant say anything that is market sensitive but it is what they do not say that I capitalise on (if you understand what I am trying to say)
|Good man RKB|
|I am going to email Mark Gustafson.
I established email contact with Mark last Friday. Like most PI I am concerned at the slide in the share price. I am going to put a proposal to him which in my opinion would stop the decline, hopefully stabilise the share price and then have the share price head north.
|Convertible Loan Notes
On Friday Mark said he would look at including the information on the outstanding balance of the Loan Notes when they update shareholders when Interest is paid at the end of each quarter.
I am a retired financial advisor and I understand accounts (also an Auditor) and even I had difficulty in working out the current balance of all our Loan Notes. I spent several hours yesterday and only could establish the 2017 and 2018 Loan Note Values.
2017 Outstanding amount £500,000
2018 Outstanding amount £1,000,000
So far I have not been able to calculate
Convertible Notes Due 2017 as extended 2016 and Convertible Notes due 2019. It would appear that I have "not done the correct arithmetic"
For PI to make an investment decision they have to have clear information as to the current liabilities and at present we do not have that in an easily understandable format.
|Can beans, is untrustworthy|
|I posted the following on LSE South East because Can Beans has been not too kind on our company and I thought I should let you guys and girls know what I said.
Disagree. We need to know the value of the convertible loans as this is diluting our (not your) shareholding. As share price decreases then Bond Holders get more shares in lieu of interest.
As I have established contact with Mark I am going to put a proposal to him that may stop the share price slide. I he (and the BOD) agree then PI would benefit.
Today my car was in for a service and they are keeping it till Monday so I had some free time. So I went through all your posts from day one on Chal.
I have documented what you have said and it is unfortunate that you had to bail-out in early July last year, but since then you have been posting the exact opposite from what you said for the previous 18 months. The longer you post negative things the more you play into the hands of the Convertible Loan Note Holders. As the share price goes south they can convert at ever lower prices.
I fully understand your frustration at the share price going lower, but my view is that you are contributing to this. I know you must have taken a hit as I estimate your average was about 36p and you hopefully got out at about 24p but I think you had a more substantial holding than I currently have.
If you look at my CLP posts you will get an understanding of what I post and why.
Hopefully I have not upset you tonight and if I can just quote some positive stuff that you posted to let you know that I would have invested away back in March 2015 if I had seen your posts. You were consistent throughout but as the Jakarta deal has failed to secure financial backing I fully understand why you went south.
25/03/15 I'm confused why people would even consider selling at this price, you will easily triple your money in the short term.
25/03/15 this is borderline hilarious, if this share falls much more, I am going to bet my entire life savings on this as a safe bet, yolo.
26/03/15 nonsense, the more this goes down in the short term, the cheaper I can buy more shares at, the potential to triple my money becomes greater. It does not matter if the share price does high fluctuation, if you right about fundamentals the company.
27/03/15 guys have a little confidence in your investments, if you've done the research, you shall discover the upside. Next RNS outlining, agreements, interesting projects and all that jazz this will go up up up.
2/04/15 said like a week ago, if this falls back below .30 I'm going to stick my entire life savings on this winner... my dream is almost a reality :D
I could post another 50 or more of your positive posts but my take on this is that because Jakarta has stalled you are very frustrated, well it will happen and the Wheel will turn in Jakarta (soon)
Tip: If you believe in this Company pick up some serious share-holding as if I get my views imbedded in Mark Gustafson brain then this share will head north.
As you have said on many occasions DYOR and please continue to post as an open debate is appreciated.
|Full marks to BOD, PR and Nomad for working overtime this evening.
As you can see we have a replacement RNS.
The email from Mark said
Thank you for picking up the mistake in the table.
We are sending a revised RNS out today if time permits.
We will also consider inserting outstanding balances into future releases.
Cheers Mark Gustafson"
I only post here and LSE South East. I also only post on shares I hold. I only have a modest holding of 53K.
I tend to post positives things and I do a massive amount of research.
Over the next week I will post as I see it. My posts are not intended to 'ramp' but some posters think when anybody posts good news then they are ramping.
I will post the email I received from Mark Gustafson this evening.
|Well mate, for once in a long time I'm impressed, good luck|
|I am working out what I think we issued in all Loan Notes and what has been converted and also what additional Loan Notes have been issued in lieu of 7/8ths Interest.
Then if BOD fail to give clear information I will publish my calculations and see if the "Challenge" them.
I have confidence in our Company but do not like the drip drip of conversions of Loan Notes as it would appear that Bond Holders interest are only being served by a low share price (as they can convert at this lower share price)
It will be interesting to see what the amended RNS says as we are not receiving the news we would all like (the finance is in place for Jakarta)
|Well done mate!|
|The RNS from 4pm today has an error.
I have emailed our Company: see below
'You state that the Interest to 30 Sep 2016 was converted into Shares. Should this not be to 31st December 2016?
Also as an Investor in our Company I would appreciate when you issue an RNS regarding Convertible Loan Notes that you clearly state the outstanding amount of each Convertible Loan Note. Issuing the balance of the notes will be one way that you can prove to Investors that you want to have us informed. I look forward to an amended RNS on Monday'.
|Damn they are in auction so no chance :(.|
|There are plenty of buys and I am looking to enter. I think I may join now or I may miss out altogether.|
|Down again today I see, did warn ya 2p soon|
|RNS fantastic news by rns today
Looking ahead for Challenger, the New York Wheel Project, in which we hold a US$3 million equity stake, continues to make excellent progress towards its grand opening in 2018, with construction of the 630ft observation wheel now well underway. Development of the Jakarta Wheel remains on-hold until the developer secures the necessary bank financing, which I appreciate is extremely frustrating, but I would like to assure our shareholders that we are doing everything we can to push development forward whilst also assessing alternative potential development options. We look forward to updating the market on our progress in due course."
Challenger Acquisitions (LON:CHAL) China,Asia, America bids 0 Replies62 Views
Thu Jan 05, 2017 10:36 pm|