Cindrigo Share Discussion Threads

[costax1654x] 29/1/2016 21:58

Subscription of so many shares...?

[costax1654x] 29/1/2016 21:56

#chal NY wheel predict 11000 of daily tourists ???is not too much???Is it going to be so popular like Eiffel Tower????

[costax1654x] 27/1/2016 07:39

Heading fast to 25

[costax1654x] 26/1/2016 16:23

Soon to 25,where is fair enought

[costax1654x] 26/1/2016 12:20

Testing 30....

[costax1654x] 25/1/2016 10:37

Probably some move when it will be under 25-30.I will take a load

[costax1654x] 20/1/2016 10:50

Heading to 20? For sure!!!!

[costax1654x] 13/1/2016 20:30

RE: Share ProphetsPart 2:Anything look odd to you? Well no-one can argue that he hasn't raised a lot of money but there doesn't seem to be much comment on generating shareholder value or success of the underlying businesses.Let me fill in the missing informationMr Gustafson then served as President and CEO of Total Energy Services Ltd, a Toronto Stock Exchange listed company providing oilfield rental services, for which he raised CAD 25 million.Correct – he raised the funds, spent them on acquisitions that didn't work out and left within two yearsHe also served as Chairman and Chief Executive Officer of Triangle Petroleum Corporation where he helped to lead active exploration shale plays in North America and to raise over USD 84 million in convertible and equity instruments.Correct – raised a whole load of money – spent it unsuccessfully and then "resigned" with the Board deciding to tale a new strategic direction after four years while there was still $5m cash left in the business. He took over $4 million out of the business so he did OK.More recently, Mr Gustafson held the position of President and Chief Executive Officer of Euromax Resources Ltd. where he was responsible for securing funding of CAD 18 million to advance gold and base metal projects in Serbia, Macedonia and Bulgaria.Standard – lasted less than two years – no revenue generatedPreviously Mr Gustafson served as Chairman of Tuzo Energy Corporation, overseeing an unconventional oil and gas company and helping to raise CAD 50 million in private equity funding to advance this project.Yawn – raises a ton of money and gone within two yearsMr Gustafson is experienced in successfully developing and growing start-up businesses through focused acquisitions into commercially viable companies. I am not sure I've seen much evidence of thatOddly there is no prospectus mention of Torrent Energy that went bankrupt or LNG Energy where he lasted six months?In short, he has an absolutely shocking track record; is addicted to raising money, often via convertible debt with the inevitable consequences; and then gets managed out of the business eventually and moves on to the next thing. No great surprise that Yorkville were one of his only options for raising money this time round.He needs more funds for Challenger, and I wouldn't put it past him raising them as he does have that skill, but when you've already used Yorkville for debt and equity where do you go? Good luck to any investors here – it's only going one way. I believe that the term this website uses is "bargepole stock"

[costax1654x] 13/1/2016 20:08

Dilution and still no news about placing,...it might go crazy down

[costax1654x] 13/1/2016 13:46

How I said before headind to 25,for placing

[costax1654x] 11/1/2016 09:28

They need a placing...what price would be?20p

[costax1654x] 11/1/2016 09:20

No contract????

[costax1654x] 11/1/2016 09:06

Going to 20

[sclper] 10/1/2016 17:34

Interesting article from shareprophets today:

Challenger Acquisitions (CHAL) was always going to be a car-crash in slow motion. The IPO on 19 February 2015 raised £1.1 million with significant support from Yorkville Advisors so Challenger started life as a public company with a 30% overhang. It then funded its first acquisition, the investment in the New York Wheel, via £3 million of relatively short-term convertible debt – there was clearly potential for death spiral funding to come.

That combined with the fact that Challenger has spent the majority of its public life in suspension and is now reliant on a deal in Jakarta that has been ‘close’ since July last year, albeit that the developer still hasn’t got a site or funding, means that the way ahead looks... challenging.

Challenger has to find a way to repay the £3 million convertibles in May/June, the next tranche of its Starneth acquisition of €1.25 million in July and also fund operating costs of approximately £3 million a year or so. Current revenues are close to nil with just a small amount of revenue from the New York Wheel project still to come.

Good luck.

However, any savvy investor should never have gone anywhere near it.
For me, investment analysis starts, and sometimes ends, with a review of the Board and the senior management team and I look at three components in particular:

· Track record – what does the CV look like?
· Commitment – how much are they investing and what does the remuneration package look like?
· Trust – do they do what they say they’re going to do?

So my very first step is to look at the CV of the CEO, Mark Gustafson – information that is always included in an IPO prospectus and here is the extract which covers his senior experience:

Mr Gustafson then served as President and CEO of Total Energy Services Ltd, a Toronto Stock Exchange listed company providing oilfield rental services, for which he raised CAD 25 million. He also served as Chairman and Chief Executive Officer of Triangle Petroleum Corporation where he helped to lead active exploration shale plays in North America and to raise over USD 84 million in convertible and equity instruments. More recently, Mr Gustafson held the position of President and Chief Executive Officer of Euromax Resources Ltd. where he was responsible for securing funding of CAD 18 million to advance gold and base metal projects in Serbia, Macedonia and Bulgaria. Previously Mr Gustafson served as Chairman of Tuzo Energy Corporation, overseeing an unconventional oil and gas company and helping to raise CAD 50 million in private equity funding to advance this project. Mr Gustafson is experienced in successfully developing and growing start-up businesses through focused acquisitions into commercially viable companies.

Anything look odd to you? Well no-one can argue that he hasn’t raised a lot of money but there doesn’t seem to be much comment on generating shareholder value or success of the underlying businesses.

Let me fill in the missing information

Mr Gustafson then served as President and CEO of Total Energy Services Ltd, a Toronto Stock Exchange listed company providing oilfield rental services, for which he raised CAD 25 million.
Correct – he raised the funds, spent them on acquisitions that didn’t work out and left within two years

He also served as Chairman and Chief Executive Officer of Triangle Petroleum Corporation where he helped to lead active exploration shale plays in North America and to raise over USD 84 million in convertible and equity instruments.

Correct – raised a whole load of money – spent it unsuccessfully and then “resigned̶1; with the Board deciding to tale a new strategic direction after four years while there was still $5m cash left in the business. He took over $4 million out of the business so he did OK.

More recently, Mr Gustafson held the position of President and Chief Executive Officer of Euromax Resources Ltd. where he was responsible for securing funding of CAD 18 million to advance gold and base metal projects in Serbia, Macedonia and Bulgaria.

Standard – lasted less than two years – no revenue generated

Previously Mr Gustafson served as Chairman of Tuzo Energy Corporation, overseeing an unconventional oil and gas company and helping to raise CAD 50 million in private equity funding to advance this project.

Yawn – raises a ton of money and gone within two years

Mr Gustafson is experienced in successfully developing and growing start-up businesses through focused acquisitions into commercially viable companies. I am not sure I’ve seen much evidence of that

Oddly there is no prospectus mention of Torrent Energy that went bankrupt or LNG Energy where he lasted six months?

In short, he has an absolutely shocking track record; is addicted to raising money, often via convertible debt with the inevitable consequences; and then gets managed out of the business eventually and moves on to the next thing. No great surprise that Yorkville were one of his only options for raising money this time round.

He needs more funds for Challenger, and I wouldn’t put it past him raising them as he does have that skill, but when you’ve already used Yorkville for debt and equity where do you go? Good luck to any investors here – it’s only going one way.

I believe that the term this website uses is "bargepole stock"

- See more at: hxxp://www.shareprophets.com/views/17825/challenger-acquisitions-this-will-be-a-slow-motion-car-crash#sthash.VxDYSjdV.dpuf

[costax1654x] 08/1/2016 18:30

Come on...up up

[costax1654x] 07/1/2016 10:20

36 to sell,and I thought I will be a placing arround 35,...maybe more around 28-30!!!

[costax1654x] 06/1/2016 19:55

Their partners in Jakarta Wheel failed to get the funding ,and didn't secure the land.....too bad,...read on Internet

[costax1654x] 06/1/2016 06:34

What is happening here???no news,???

[costax1654x] 04/1/2016 09:04

Falling down again?

[costax1654x] 01/1/2016 05:30

Dead here??

[costax1654x] 30/12/2015 13:54

I will wait for placing here,should be one arround 35