Castleton Technology Share Discussion Threads

[suneday] 07/11/2016 23:45

It would be almost unbelievable if Castleton, MXCP and Kestrel did not know, and the reason, and the latter being content to buy and continuing to do so it seems.
There is a new CEO from the public sector, with Smith looking at strategy and key clients. That's what we are told. I would not dismiss they are on the acquisition trail, which was suggested Weaver would do with him when he stepped down as CEO.


In relation to RCN, MXCP holdings RNS in June occurred a day after they say they went through 3% threshold. Today's 'accounting problem' as it stands is a matter for RCNs current board, Weaver, Coleman ( and MXC ) And PWC I think, the auditors.

Accounts will come under scrutiny. No harm in that.

[chimers] 07/11/2016 22:37

Its common sense to be concerned about this and see the similarities to the situation at RCN.

At RCN Tony Weaver took a back seat.
MXCP started selling their holding in RCN.
Tony Weaver then stepped down completely.
6 days later a major discrepancy is found in the accounts a discrepancy that happened under Weavers tenure.


Now look at CTP.
We know Ian Smith is like Tony Weaver a member of the Advisory board at MXCP.
We know that Ian Smith has stepped back from the helm at CTP and taken a back seat.
We DONT know if he is intending on stepping down fully.
We know there is a consistent and steady seller of CTP stock in the market.
We DONT know who this is or if it is several separate entities.

Dont try and tell me this is not a concern and a worry!!
Especially after today.

[chimers] 07/11/2016 22:27

You see the amount that has been sold over the past months would EASILY have brought any of those listed holders BELOW 3% and trigger a holdings RNS wouldnt it ?

Only Kestrel and MXCP hold enough shares that they could keep selling and not RNS due to them not having finished offloading a position ?
They should RNS for each 1% all the way down to 3% from my understanding of it but this is AIM and holdings RNS are often very slack.

Hey maybe they are all selling and none of them need to RNS but that would be quite a surprise wouldnt it ?

We have seen a long long list of sells after sells ticking through each day for weeks and weeks.
I have never come across a situation like this before that for sure.

[chimers] 07/11/2016 22:01

WHO IS SELLING?

IF ITS MXCP THEN YOU WONT HOLD 10p?

[suneday] 07/11/2016 21:38

I see the article - possibly hastily done 9am.
Never mind - RCN customers do not belong to CTP, however rushed the article might have been.

[chimers] 07/11/2016 21:28

Oh is it well you best take that up with the Tech Market review.
You know ......they guys who run Great British Battlers.

[suneday] 07/11/2016 21:13

It would be a ridiculous comment anyway at this stage, until result of enquiries are known. And should the company then be found to be trading safely going forward, and customers are content with the service provided by RCN, there seems no cause for concern, even if they had become aware of today's information.
May dent MXCP advisory, but on what is known of no consequence to CTP.

[suneday] 07/11/2016 20:52

No. Martin Flitton? Marty McFly?

[chimers] 07/11/2016 20:44

Oh thats from Martin.
You must know Marty ?
Everyone knows Mart.

[suneday] 07/11/2016 20:41

What is the source of that above para re. Redcentric, written in quote form?

[chimers] 07/11/2016 19:59

I think CTP customers will also be sitting up and watching this unfold.
And its just the beginning remember.
The investigation has only just begun , what other skeletons lie buried!!?


The incident has clearly rattled investors. But we think a greater risk could be presented by any subsequent loss of confidence amongst Redcentric customers which adversely affects future sales. Around 85% of Redcentric’s turnover is recurring revenue from managed network, security, cloud and collaboration infrastructure services, and any impact will take time to filter through as customers come to renew those contracts.

[chimers] 07/11/2016 19:55

Has this whole house of cards been built on accounting fraud ?
WE NEED TO KNOW.

Whats going to come out of the woodwork next ?

Is it fraud at RCN ?

Did Weaver step down at RCN because he knew what was coming ?

WE NEED TO KNOW.

Why was the share price at RCN falling steadily over the past few weeks ?
Did someone have the inside track on what was about to come out ?

WE NEED TO KNOW.

Could something similar be happening here at CTP ?

WE NEED TO KNOW.

This company is crazy , just when you think it couldnt get worse they drop a new bombshell on you.
This lot are dropping more bombshells than the Luftwaffe.

[chimers] 07/11/2016 15:13

Not it as well ?
The humanity , when will it end................woe and thrice....oh wait a sec....
everythings gonna be just fine Hilary is prez!! whoop whoop In the Hole!!

[patientcapital] 07/11/2016 14:44

Have a blast at NCC which bought ACM.

[chimers] 07/11/2016 13:44

Maybe AD4 is faring better hang on I'll take a look....

[chimers] 07/11/2016 13:41

365 AGILE was a bit of a disaster for anyone who invested in it.
Its an MXCP created company..........innit.

RCN is a bit of a disaster for anyone invested in it.
Its an MXCP created company..............innit.


Makes ya wonder..........

[chimers] 07/11/2016 13:39

Be in no doubt peoples.

TONY WEAVER was at the helm of RCN during the time this "accounting discrepancies" took place.
And who is to say it wont get worse they are only investigating the problem now!!

Weaver steps down 6 days ago and now this!!

Isnt Smith (Weavers business buddy) gradually stepping down at CTP ?

Are there MORE accounting "discrepancies" to be unearthed at other mxcp related companies ?

Its a worry innit!!


Oh and WHO is selling CTP ?
Someone has been!!
Just wondering.