All Active Asset Capital Share Discussion Threads

[kaos3] 31/8/2022 07:24

bully going the wrong way ?

[daddycoold] 31/8/2022 07:03

Respectfully. If Candy can sue Aaqua, because their planned intended suitors Apple and LVMh haven't stumped up their cash yet and what's more win. Then what's to stop Aaqua suing Candy for not putting in his cash either ? Candy's lawyers obviously very clever. But what comes around goes around. Getting a worldwide freezing order, a few emails to their Singapore law office is going to cost Candy 10 million, yes Million pounds to enforce. He must be really chuffed with his lawyers. Already things aren't going his way. As a business man im suprised he enjoys throwing good money after bad. Like the rest of us, if he hasn't got anything to contribute, go have a pint, play with your sports car, and let the future unfold. We've made our bed so now gotta sleep in it. Good luck all !

[the modeller] 30/8/2022 22:43

Respectfully old man, it doesn t take Poirot to deduce that if CVS s counsel makes an application for a global freezing, they will have their ducks in a row.modellerbonnuit

[ianbonjour1] 30/8/2022 22:11

Modeller, could you advise from where you have gained an understanding that Candy Ventures 'have their ducks in a row'. I have not seen any evidence of such to date.

[the modeller] 30/8/2022 21:39

Candy Ventures Sarl plainly has its ducks in a row v. Aaqua BV and others.

[sunnyday4] 30/8/2022 21:01

Sounds good DC, hoping on some news to confirm it and have a prospect on liquidity. Cheers

[daddycoold] 30/8/2022 10:02

No doubt they're up to their nuts in guts at the moment. 1st agenda get Candy to put up or shut up, 1.5M by tomorrow and balance 8.5M by Friday. Then cash in on his loss. No doubt they're making a leaner more efficient machine at the moment. From the website callstack check out ourwork... you can already see they're vetting their app for release to the market. There's lot to get excited about. The boomers are going to be crying at their loss.

[folly8] 29/8/2022 17:39

Guess on what exactly? With no comms its more like "how long is a piece of string". The Sentiance deal seems contingent on the partnership agreement, if there's no partnership agreement, it reads as if they have no further interest in Sentiance.

[sunnyday4] 28/8/2022 10:54

Oh and not to forget the sentiance deal

[sunnyday4] 28/8/2022 10:36

So it might not turn out that bad after all for aaqua and thus AAA. Perhaps only delays. Hopefully some news soon on court case , general aaqua status and real liquidity prospects. Anyone would like to guess? Around Xmas/December 2022 perhaps? Hope sooner but fear it could also take longer also.

[daddycoold] 27/8/2022 03:15

Who's conning who ? Candy was offered 100 million option in AAA @ 50p. So far hasn't stumped up his £10m in his law suit. Investor Must Pay £1.5M To Keep Freezing Order In Fraud SuitBy Joanne Faulkner · Law360, London (August 26, 2022, 7:56 PM BST) -- A London judge ruled Friday that a company run by property entrepreneur Nick Candy must stump up £1.5 million ($1.8 million) to continue a worldwide freezing order against a dotcom-era tech investor he's accused of fraud.High Court Judge Simon Bryan gave Candy, who controls Candy Ventures Sarl, until Aug. 31 to deposit the money with the court, or the freezing order against Robert Bonnier and his Dutch social media company would be discharged.Judge Bryan said during an oral judgment that having heard evidence of the cash said to be in Candy's bank accounts and having read his witness statement, Candy "ought to be in a position to release ... the payment into court by next Wednesday."Candy was also given a deadline of Sept. 5 to arrange a bank guarantee of £10 million, or the asset freeze would be quashed.Judge Bryan said this was an "appropriate, fair and just approach to further fortification in circumstances where [Candy Ventures] has already had a considerable amount of time already to put up that guarantee."

[the modeller] 26/8/2022 07:38

One imagines Candy Ventures Sarl will claim misrepresentation in the DD Q and As. Either judgement is not going to be favourable for shareholders.

[ianbonjour1] 25/8/2022 23:45

I am not a lawyer so cannot pretend to understand the legal technicalities. What I do understand though is the concept of 'buyer beware' which all investors ought to consider before entering into a purchase/exchange of shares. I find it difficult to believe that Candy accepted as read any claim made by the other party without evidence to confirm the same. My stake is quite small and losing the lot would not alter my lifestyle, but rather be an unpleasant inconvenience with the loss of a potential opportunity. The candy stake was far larger.
If my thoughts are correct, the next question is what benefit Candy might have to cause disruption to the operation/advancement of Aaqua?
I would be really interested to hear the thoughts of others on this.

[folly8] 25/8/2022 20:26

He's saying apple are not involved at all. Surely the beat way to refute this is to show any documentation backing up the initial claim. Or does this mean management have to admit apple were never involved, a rumour they happily let spread when it suited them.

[mrsqueezy] 25/8/2022 16:08

Has Candy got the cash, or will it be Candy crush saga..........

[daddycoold] 25/8/2022 14:36

Entrepreneur Sues To Cancel Share Swap Over False ClaimsBy Joanne Faulkner · Law360, London (August 24, 2022, 5:42 PM BST) -- A British developer has sued to get back shares in a podcast platform he swapped as part of a business deal, claiming that a former dotcom entrepreneur lied to him about having interest from Apple and LVMH in a new social media platform to coerce investment. Candy Ventures Sarl, an investment vehicle controlled by real estate developer Nick Candy, alleged in an amended High Court suit filed Monday that he was a victim of a conspiracy after giving up 1.5 million shares in popular podcasting platform Audioboom Group PLC - which is listed on the U.K.'s Alternative Investment Market - as part of a fraudulent business deal. Candy claims that fellow entrepreneur Robert Bonnier, who made his name as a dotcom-era tech investor, made false representations about the prospects of his company, Aaqua BV, to get Candy Ventures to invest. Bonnier falsely claimed that Apple Inc. and LVMH Moët Hennessy Louis Vuitton were "founding partners" of Aaqua, which was "critical" to Candy Venture's decision to invest, the suit says."It was made clear to Bonnier that the involvement of Apple and LVMH in Aaqua was critical to CVS' willingness to enter into the proposed transactions," the claim says.A spokesperson for Aaqua, which describes itself as a "social experience" focused on people's "passions," said the Candy Ventures allegations were "strongly refuted" and would be contested."The contractual terms of Candy Ventures' investment perfectly clearly stated that it relied on its own due diligence and investigations and had been afforded the opportunity to ask questions of and receive answers from duly authorized officers or other representatives of Aaqua concerning Aaqua's business, assets and financial position," the company said in a statement. "Candy Ventures acknowledged that Aaqua would not be liable for any representations and warranties other than those appearing in the agreements."Judge Christopher Butcher temporarily imposed an asset freeze against the defendants on Friday in an order requiring Candy Ventures to provide a guarantee of £10 million ($11.8 million) to impose the freeze.According to the claim, Candy Ventures was convinced to sign three agreements in February 2021 based on false statements about Apple and LVMH's involvement in Netherlands-based Aaqua. The company now wants the High Court to declare these agreements "validly rescinded."Bonnier approached a director at Candy Ventures and told him that the two major corporations intended to invest $1 billion in Aaqua, according to the claim. Bonnier also circulated documents indicating that the companies were involved, the claim states. Under a purchase agreement signed by the two companies, Aaqua paid £6.8 million to Candy Ventures and received an 18.12% share in Audioboom, the claim reads. In return, Candy Ventures would pay Aaqua €7.5 million ($7.4 million) for 15,000 block shares.Candy Ventures says the information it relied on to enter into this agreement was "false" and at no time since its investment has the company been provided with any evidence that Apple or LVHM had planned to invest."At no time were Apple or LVHM involved in any negotiations ... to invest in Aaqua," the claim reads. "The representations were made fraudulently."According to the claim, Aaqua has moved its corporate structure from the Netherlands to Aaquaverse Pte. Ltd., based in Singapore. Candy Ventures said it had asked for information about the transfer but had not received any response. Candy and his company say they believe that the Audioboom shares are now held by Aaquaverse. Between June and July, Aaquaverse sold or disposed of over a million Audioboom shares to third parties, the suit alleges. The amended suit alleges that "the transfer was done for the purpose of putting assets out of the reach of Aaqua's creditors," in particular Candy Ventures. The suit claims that this transfer is unlawful. Lawyers for Candy Ventures did not immediately respond to a request for further comment Wednesday.

[daddycoold] 22/8/2022 20:02

Can't say that the news is very inspiring, nor does it make a good investment case especially with all the mud slinging. If it truly is the case that RB is a fraudster, why on earth would he build an empire to incubate his dream. There's no point to have 180 people coming into an office every single day, if your only plan is to give £6.8M + for a dodgy share to try and make it great again. Especially if giving such a small amount, would seriously undermine the health of a multibillion pound company.

[folly8] 22/8/2022 18:24

The actual news says the ceo of a major investee is being taken to court for fraud, and that his company is no longer hiring, and has lost 1 in 5 staff over 6 months, not sure how any of that can be interpreted as good.

[sunnyday4] 22/8/2022 10:10

Not sure it's really over. Will see once there is actual news.

[folly8] 21/8/2022 16:05

So now that Aaqua is done (no longer hiring and 18% fewer staff than when compared to 6 months ago, linkedin statistic, go check yourselves), I wonder when our AAA tell us what they plan to do.

[stranger12] 12/8/2022 21:03

You can download the accounts from belgium registrar.

[sunnyday4] 09/8/2022 18:58

Sentiance is hard to judge on value but would not take it too low. Especially long term it has a lot of potential. If investments to grow are high it is not uncommon to not have profits, Tesla also did not make profit in the first many years.

[folly8] 09/8/2022 18:51

DC. How do you know Sentiancr has never turned a profit? Genuine question as been digging myself.

[daddycoold] 09/8/2022 13:17

Historically, 2019 MESH fully funded Sentiance to build a C2B Intelligence Platform called Aaquita. Obviously later this platform was morphed into Aaqua, and created the brand Aaqua. How Aaqua was created to capture Aaquita remains an amazing piece of shifting around the chess pieces. All that we know is that Aaqua then went on to build an app and show a MVP to the market that so far it's failed to accomplish. So depending on if what the rumour mill is busy churning over that there has been some dubious trading activity linked to Aaqua, and Aaqua sees foreclosure then AAA will be left with Sentiance. But let's face it what's Sentiance really worth ? The company has never posted a trading profit in 7 years. It's got a range of clients but needs a massive corporate injection of cash. The protagonists behind the plan appear to be the same. . No one will touch it with a barge pole if Candy's right.