Cientifica Share Discussion Threads

[fishermansfriend] 17/4/2015 16:45

There was no cash in the business, Tim Baldwin and Tim Harper squandered / trousered it.

[lazygun] 17/4/2015 12:46

Still don't see why they simply couldn't have taken the remaining cash in the business and bought a stake in either of haydale or graphene nanotech, to buy themselves breathing space whilst they sorted out further funding for other opportunities, instead of all the wasted effort they've actually gone through.

L.

[fishermansfriend] 24/3/2015 19:45

Interesting post on the TXO board:

"truth_hurts_2105 24 Mar'15 - 02:12 - 7502 of 7509 7 0

TB's greatest fear is that of exposure. I don't think he's driven as much by ego (although that is a HUGE factor) as he is by FEAR.

Nobody knows where all the money and shares actually went in the various "deals" he and his fellow felons have put together over the years. Sure, the director fees, perks, and "retirement funds" have been amazingly lucrative for someone who's failed to generate any revenues at all, but it is my belief that the REAL money is made on phantom transactions with offshore entities.

If he loses control of his companies, if he loses access to information about any legal or accounting searches through the company records to see who has actually benefitted from these transactions, he knows he is in serious trouble. He has built a house of cards, and he absolutely depends on controlling access to the information used to create that house.

FF may differ, but I don't believe he is a dolt who was taken in by Malcolm Bendell in TOG. I don't for a moment believe Tim Baldwin was "taken in" by another conman, and wasted TXO assets on a failed vision from a raving lunatic. It is my belief that he and Bendell had a beneficial partnership, used to launder funds from their various criminal transactions through a multiplicity of offshore and almost untraceable transactions. They shared a crooked accountant, Mark Callaway, who "worked" at RAM, Silk Road, East African Oil, Frontier Mining , and EEGC. They had a common interest and a common bond, and hoped to use their various frauds to compliment and support each other. See, in addition to TOGL and TOG, the Coleridge Resourses "deal" whereby Malcolm Bendall and the TXO crew tried to turn a defunct and stolen empty shell company into a 35 million payday using nothing other than a few sham transactions and press releases.

They currently share and have the active support of a deeply crooked and nearly bankrupt lawyer in constructing these transactions.

They didn't, and don't, care whether TOG (or Athabasca, or OTR, or ORS, or GBG, or even TXO) live or die. They are simply conduits to funnel shares and cash. If those shells collapse (sorry, WHEN they collapse) they will be replaced by other front companies and the fraud will continue.

He is a criminal who fears exposure. A sociopath, a liar, a fraud. That's the simplest explanation."

Clearly TB never got round to abusing CTFA, because it never had any real money, hence he was not worried about handing over the reins to his old mate Tim Godwin to go down with the ship that TB and TH had already holed below the waterline.

[a.fewbob] 23/3/2015 00:35

Yes, Avia was clearly just a gravy train for the directors.

[a.fewbob] 22/3/2015 18:48

I cant understand how AIM can allow these blatant scam companies list. They are white collar thieves stealing money from clueless private investors.

And their are loads of them!!!

[fishermansfriend] 22/3/2015 12:14

TXO have managed to sneak ahead of CTFA in the race to see which delists from AIM first.




"TXO (TXO) has – after two months of searching – failed to find a Nomad to act for it after the resignation of Northland. Consequently it will be boosted off the AIM casino next week.

I have spoken to boss Tim Baldwin who insists that most shareholders will actually welcome this as AIM is an expensive place for microcaps to raise money and maintain a listing......"

"Baldwin blames the structure of AIM but also an “internet troll” for TXO’s disastrous share price decline pre de-listing..."

"The sad reality for Mr Baldwin is that after RAM and Cientifica, TXO is his third AIM disaster in three years. It’s a hat-trick for Mr Baldwin and the investor community has lost trust in him completely. And whatever TXO says, it has missed operational target after operational target and has had an endless need for cash and thus it must take a large degree of responsibility for its own demise as a listed entity...."

With another month to go before CTFA also delists, we can safely assume neither TXO nor CTFA will be appearing at the UK Investor Show this year LOL

[fishermansfriend] 23/12/2014 09:45

You are welcome A.F That is what these BB should be for.

Unfortunately far too many get taken over by hysterical rampers who try to shout down anyone with a more realistic view calling them paid shorters etc rather than addressing the points they make.

Top tip on researching always check the track record of the directors and steer well clear of any companies that have management with a reputation of failure and ripping off shareholders.

[a.fewbob] 21/12/2014 11:32

I steered well clear after reading your and other warnings on this BB, for that I am really grateful and can't thank my fellow BB'ers enough!

AIM is a really sorry state and is full of dodgy company directors busy fleecing private investors.

[fishermansfriend] 19/12/2014 20:59

Most pathetic interim statement I have ever read, but at least it does not lie:

"the Company had failed to implement its investing strategy"

"the listing of its ordinary shares on AIM will be cancelled at 7.30 am on 24 April 2015."

"the Company has largely spent its cash"

"reverse takeover opportunities being currently evaluated." - reverse take over in this situation = virtual total annihilation of existing shareholders only marginally better that the total annihilation of delisting.

"creditors exceeding the Company's cash balances"

"secured support from one of the Company's major shareholders" = Bruce Gordon from TV Capital who appointed Tim Godwin in the first place and is desperate to avoid having another Tim Baldwin total failure on his books.

"Net Current Assets/(Liabilities) (77)"
"Net Assets/(Liabilities) 40"

"Investments 115"

Are Tim Harper's share in GHeat and a convertible loan to GHeat worth this (It is what was paid not what it is worth stack of good will an likely to be flogged for a lot less than paid, if it can be flogged at all (GHeat looks to be nothing more than a flashy website).

Anyone who did not sell here before suspension has lost virtually everything if not everything.

You can't say you were not warned. You can blame the master AIM scam artist Tim Baldwin if it makes you feel better, but in reality you only have yourselves to blame. Watch the TXO BB to see if a Class Action develops against TB, which might give you an opportunity to get some of your money back, there would not be enough in it to get a class action going against CTFA.

[hedgehog 100] 25/10/2014 20:35

Please note the following thread which may be of interest:

"THE REVERSE TAKEOVERS & SHELLS THREAD (RTO)"

[ih_237920] 23/10/2014 18:57

Gee... where have Slobberchops and Graphene Investor gone???

Slobberchops 12 Feb'14 - 08:47 - 305 of 395
Investors pretty happy and not feeling ripped off here

[sweet karolina] 22/10/2014 06:27

Looking like the shares will be suspended on Monday. No sign of any of the 7 deals.

[fishermansfriend] 06/10/2014 17:16

encarter,

Unfortunately posts which would have given you appropriate background have been removed, but hopefully you saw them.

It is your money, your decision and you who bears the consequences. The only advice I would give you is read the full annual report thoroughly and make sure you have fully understood it.

"Since my appointment in September I have been reviewing all aspects of the Company's activities since it became an investing company. As part of this review it has become clear that the Company's systems and procedures have, at times, been less than satisfactory and the Board have undertaken a detailed review of the transactions that the Company has undertaken in: i) the period from the Company becoming an investing company to 31 March 2014; and ii) the period since 31 March 2014. As a consequence the Board is seeking the refund of certain sums which have been advanced to a number of parties. In addition the Company's on-going overheads have been reduced and a revised set of controls procedures and policies have been implemented."

Displays a hitherto lacking level of openness, competence and integrity - Good news. How much can one man do in a month and is it enough - only you can decide.

"The Company's first major investment agreement was announced on 29(th) August 2014 with G Heat Limited who are developing an advanced form of infra-red heating using graphene. The Board is currently in advanced discussions with 7 other prospective investee businesses (for which the Company has undertaken work in the last year) which the Board is confident can, in part, be converted into investments. If these conversions are undertaken then the Board are hopeful that the Company will have made sufficient investments to have implemented its investing policy before 25 October 2013 (being the 1 year anniversary of the adoption of the investing policy by the Company's shareholders). In the event that the Company is not able to implement its investing policy before 25 October 2014 then the Company's shares, in accordance with Rule 15 of the AIM Rules for Companies, will be suspended from trading on AIM. Should the investing policy not be implemented by 25 April 2015 then the listing of the Company's shares on AIM will be cancelled."

The shares are less than 3 weeks away from potential suspension. Confidence in achieving the investing policy has been expressed before, but has turned out to be unfounded. Note that the board is only "hopeful" that these investments which are only an "if" will be sufficient, ie they are not confident, just hopeful. Previously expressed hopes have not been realised. Do they really know what has to be achieved to meet the policy? Who actually decides if it is met - it would appear to be someone outside of the company, probably AIM regulation as it is an AIM rule they are trying to satisfy. Past misdemeanors which have been reported to AIM regulation may count against them.

"Emphasis of Matter - Going Concern

In forming our opinion on the financial statements, which is not modified, we draw your attention to the disclosures made in note 3 to the financial statements concerning the Company's ability to continue as a going concern.

These conditions, along with other matters explained in note 3 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the ability of the Company to continue as a going concern. The directors have plans to manage the cash flows of the Company to enable it to continue as a going concern. These plans include the necessary additional fundraising required to provide the working capital requirement for the next 12 months. The financial statements do not include the adjustments that would result if the Company was unable to continue as a going concern."

I believe you need to take all these factors in combination when coming to a judgement. It will be very hard to raise money if the shares suspend. If the shares delist there would be little hope of anything being returned to shareholders. How likely are the 7 companies going to be to want to have a suspended company as a shareholder? It sounds like the investments being proposed are "we did this feasibility study at our expense but would like you to give us some of your shares for doing it"

You need to add the risks imposed by all the above to the risks already inherent in a company of this sort.

[encarter] 06/10/2014 11:22

They still have more than 6 months to conclude discussions with 7 other businesses so I'm confident that they will manage it.

[fishermansfriend] 03/10/2014 20:40

I may owe Tim Godwin an apology:

“Since my appointment in September I have been reviewing all aspects of the Company's activities since it became an investing company. As part of this review it has become clear that the Company's systems and procedures have, at times, been less than satisfactory and the Board have undertaken a detailed review of the transactions that the Company has undertaken in: i) the period from the Company becoming an investing company to 31 March 2014; and ii) the period since 31 March 2014. As a consequence the Board is seeking the refund of certain sums which have been advanced to a number of parties. In addition the Company's on-going overheads have been reduced and a revised set of controls procedures and policies have been implemented.”

Maybe he is a man of integrity after all, who has learned from his past experience with TEB and therefore knows exactly the sort of shoddy practices and dodgy deals that characterise him.

"The Company's first major investment agreement was announced on 29(th) August 2014 with G Heat Limited who are developing an advanced form of infra-red heating using graphene. The Board is currently in advanced discussions with 7 other prospective investee businesses (for which the Company has undertaken work in the last year) which the Board is confident can, in part, be converted into investments. If these conversions are undertaken then the Board are hopeful that the Company will have made sufficient investments to have implemented its investing policy before 25 October 2013 (being the 1 year anniversary of the adoption of the investing policy by the Company's shareholders). In the event that the Company is not able to implement its investing policy before 25 October 2014 then the Company's shares, in accordance with Rule 15 of the AIM Rules for Companies, will be suspended from trading on AIM. Should the investing policy not be implemented by 25 April 2015 then the listing of the Company's shares on AIM will be cancelled.”


Is pretty ominous 3 weeks from oblivion and counting. Maybe Tim G can keep the company alive may be not. I would not fancy his chances. The guys who tried to save RAM after TEB had run it into the dirt could not manage to undo the damage he had done, but they were not helped by TEB continuing to cause trouble

[fishermansfriend] 26/9/2014 14:56

A. Fewbob

So they finally got round to getting my posts deleted. Makes you wonder what they are so desperate to hide.

[a.fewbob] 06/9/2014 23:35

Thanks Fishermansfriend,

Their seem to be a few companies like this on AIM (well, maybe not this bad!) so I am glad to see that you have taken the time to warn fellow investors about these sharks.

[ih_237920] 06/9/2014 00:50

Encarter... yes, it rather was. I suggest you read the details

[encarter] 06/9/2014 00:46

But the G Heat acquisition wasn't someone selling a company to their mate though was it?

[fishermansfriend] 05/9/2014 18:57

Found the Brandplay acquisition:



RAM Active Media plc ("RAM" or the "Company"), the investor in Digital out

of Home ('DOOH') media, communications and Intellectual Property, announces the

acquisition of BRANDPLAY UK Limited ("BPUK"), a subsidiary of BRANDPLAY GROUP LIMITED ("BPGL"). BPUK is a business with secured advertising rights on an installed network of 11 interactive floor projection systems in major UK shopping malls. RAM will also acquire the installed network of interactive floor projection systems from another subsidiary of BPGL.

The Company's wholly owned subsidiary RAM Vision Limited ("RAM Vision") operates digital out of home (DOOH) media advertising sales and activities, into which BPUK will be consolidated. The large format interactive projection system will trade under the brand name of RAM Interactive and be managed by the commercial and sales teams of RAM Vision.

RAM has entered into a share purchase agreement with BRANDPLAY GROUP LIMITED to acquire the entire issued share capital of BPUK and certain assets under which RAM will pay an initial consideration at net asset value of GBP130,000 satisfied through the issuance of 6,500,000 new RAM ordinary shares of 1p each at 2p per share. In addition, a further issue of 3,500,000 new RAM ordinary shares of 1p will be triggered on completion of the first successful interactive campaign under the RAM Interactive brand. Further earn out payments may be made out of revenues earned from the network. BRANDPLAY GROUP LIMITED has agreed to a 12 month lock in with regards to the new RAM shares.

RAM Chairman Tim Baldwin comments:

.

"RAM Vision is the largest network operator of landscape format DOOH media in the UK shopping malls. The acquisition of BRANDPLAYS large format (3metre by 2metre) interactive projection network will enhance the product offering of RAM Vision to major brands and media advertising agencies who are increasingly interested in interacting and engaging with consumers out of home. No additional employees or office overheads have been taken over as part of the transaction so the acquisition will be cash and profit positive from the first sales on the platform.

The interactive floor projection system is a captivating digital outdoor advertising medium in the heart of the retail environment and combined with the current RAM Vision Iconic and walkway screen network offers a combined weekly footfall of 11 million consumers.

In the accounts before the acquisition there was a a loss of £97k on sales of £156k. A year after the acquisition the loss had increased to £118k on sales of £2k. Looks a lot like selling a rubish company to your mate for shares so your mate can announce what a great acquisition he has made - in other words a lot like the G Heat acquisition.

I would not expect to see anything change for the better around here.