Weather Lottery Share Discussion Threads

[ryan83] 11/9/2013 14:12

RGF

try using your phone as a TV then, oh wait.....

[ryan83] 11/9/2013 14:11

note also,

"Incorporated on 26 April 2012, Poseve has had sales from that date of over GBP 700,000, achieving monthly profitability at the operating level. During April 2013 an operating profit of GBP 25,000 was achieved on sales of GBP 92,000, and now the company has long term debt of approximately GBP 350,000, and cash of a materially similar amount"

so 26 April 2012 - April 2013 £700k turnover or approx. £58k per month
during April 2013 turnover £92k.

That shows a big increase in turnover, no?

[ryan83] 11/9/2013 14:08

hxxp://www.latestbingobonuses.com/bingo-news/2013-05-26/the-weather-lottery-acquires-poseve-ltd-and-names-a-new-ceo/

Online gambling group The Weather Lottery (TWL) has announced the acquisition of Poseve Ltd for GBP 350,000 in an all-shares deal, with the price tag for Poseve satisfied by the issue of 236.6 million new shares at 0.15p each in TWL to Poseve owner James Rose, representing a 29.75 percent share in TWL.

Poseve is 100 percent owned by James Rose, who joins the management team of Prize Provision Services Limited, while TWL decided to name Phil Jackson - chairman of the controversial Media Corp plc - as its CEO.

Incorporated on 26 April 2012, Poseve has had sales from that date of over GBP 700,000, achieving monthly profitability at the operating level. During April 2013 an operating profit of GBP 25,000 was achieved on sales of GBP 92,000, and now the company has long term debt of approximately GBP 350,000, and cash of a materially similar amount

As the TWL announcement says: "Poseve have a range of lottery, skills and hybrid games that will provide TWL a significant opportunity to better serve its existing customers and introduce new games for existing societies as well as opening new revenue streams appealing to new customers."

Also revealed in the statement is the intention to rebrand in Q3 2013; additional strengthening of the board to support the launch of an updated online lottery platform; and the strategic roll out of new gaming, technology and payment products for customers.

New CEO Jackson, who boasts over twenty years of experience in general management, sales and marketing, was leading Media Corp plc at the height of the controversial Purple Lounge Poker liquidation scandal, and has been advising on the corporate development of betting software group, Intabet.

He has also held senior international marketing positions for UnitedHealth Group, as well as advising specialist health analytics group, LA-SER, through international expansion.

Jackson is a founder of Docobo, a leading eHealthcare company, and a founder of Jackson Beazeley Limited, a specialist manufacturer and international distributor of nursery products.

Replacing Jeff Williams as managing director of PPS, James Rose will also assume the regulatory responsibilities to the Gambling Commission, and Williams will continue as a consultant to oversee the changeover. Rose will be assisted by lottery industry expert Garth Caswell who accepted to become a consultant to the company.

Lord Tim Razzall and Andrew Flitcroft remain in their roles as Non-Executive Chairman and Finance Director respectively.

As confirmed, the PPS is in full compliance with the UK Gambling Commission licence.

[moreforus] 11/9/2013 14:05

Fletch would you consider bwtfdik as a quality comment for debate?

Discuss (8 points)

[moreforus] 11/9/2013 13:58

lol ryan - ooo good spot....

just saying (Discuss 4 points)

[moreforus] 11/9/2013 13:58

and if anyone cares they just dropped the bid on a 1 million buy at 0.1345p...

why would they do that (Discuss 1000 points!) as its now 0.137p to buy 1 million!

[ryan83] 11/9/2013 13:57

hxxp://www.igamingbusiness.com/weather-lottery-buys-poseve

British fundraising firm The Weather Lottery has spent £350,000 to acquire lottery games and payment processing technologies firm Poseve Limited.

The Weather Lottery revealed that Isle of Man-registered Poseve was previously solely owned by investor James Rose, who is now set to replace Jeff Williams as Managing Director for its Prize Provision Services Limited lottery management subsidiary.

"Poseve have capabilities in improving subscription and repeat payments success particularly in situations where regular payments and efficient and timely prize payouts are important such as lottery products," read a statement from The Weather Lottery.

"Poseve has a range of lottery, skills and hybrid games that will provide The Weather Lottery a significant opportunity to better serve its existing customers and introduce new games for existing societies as well as opening new revenue streams appealing to new customers."

To fulfil the asking price, The Weather Lottery has issued 236,656,580 new ordinary shares each priced at £0.15 while additionally stating that the third quarter will see its latest acquisition rebranded before an updated online lottery platform is launched along with new gaming, technology and payment products.

The Weather Lottery has also announced the appointment of industry veteran Phil Jackson as its new Chief Executive Officer. Currently the Chairman of online media and advertising firm Media Corporation, Jackson is described as having 'over 20 years of experience in general management, sales and marketing' and has additionally held senior international marketing positions for UnitedHealth Group, Jackson Beazeley Limited and Docobo.

Finally, The Weather Lottery declared that its Company Secretary, John Botros, is set to retire 'in due course' with its board of directors currently searching for a suitable replacement.

"I am excited by the substantial opportunities that the acquisition of Poseve provides and I look forward to working alongside Phil, James and the existing team," said Tim Razzall, Chairman for The Weather Lottery.

"I would like to thank Jeff and John for all the effort and support they have provided in the past and for their contribution to the forthcoming handover period."

[moreforus] 11/9/2013 13:56

do you have your diplomatic hat on today Fletch (Discuss 8 points)

have you been watching too much Syria news - Obarama will he / wont he bomb (Discuss 12 points)

[moreforus] 11/9/2013 13:15

or was your post "quality" debate?

[moreforus] 11/9/2013 11:52

10 mill at 0.115p

timed exactly at the point when the limits were slashed to 1 mill...

over hang well and truly gone!

[moreforus] 11/9/2013 11:27

level 2 firmed on 220k buy

[moreforus] 11/9/2013 11:18

max buy is 1.5 mill at 0.1779p

or 1 mill at 0.145p....

[moreforus] 11/9/2013 11:12

lol thats coz they got no stock...

all went in this mornings garage sale.....

[ryan83] 11/9/2013 11:12

yuk, nice spread mms!

[moreforus] 11/9/2013 11:12

20% 0.13-0.17

market finally waking up to news coming!

[moreforus] 11/9/2013 11:07

max buy is 250k at 0.14p

500k is 0.144p

[moreforus] 11/9/2013 11:03

bkue

5 mill sell filled

overhang GONE!

[moreforus] 11/9/2013 10:47

TWL

buy limits have gone from 0.1445p for 5 mill max

now to

1 mill max at 0.137p.....



delayed buys to come!

[bungeetrader] 11/9/2013 10:44

200 miles offshore at the moment (work). Back in the UK at the end of next week. Should be all 'done and dusted' by then!

[moreforus] 11/9/2013 10:37

over 3 mill buys now and apparently 1 mill buy yet to be reported...