Cindrigo Share Discussion Threads

[mrphiljones] 30/1/2017 17:08

Cash call at a lower price,this looks like Eddie the Eagles practice ramp AIMHO........Ill buy back in when we know the price.....:-)

[andrzejs1] 30/1/2017 16:34

How it is possible to go that much lower from 10 % on not that bad news ?

[dice1950] 30/1/2017 15:32

Published on Jan 30, 2017


Challenger Acquisitions Limited (LON:CHAL) is selling its interest in the engineering group Starneth in a deal worth up to US$6mln.

Separately, Challenger has brokered a five-year cooperation agreement under which Starneth can provide the design, engineering and project management for observation wheel projects and Challenger can provide potential funding options for the developers of select projects.

Challenger CEO Mark Gustafesen tells Proactive: ''[The deal] was a very good way of addressing the long term timelines to get these projects moving forward''.

[dice1950] 30/1/2017 08:23

Challenger Acquisitions selling its stake in wheel engineer Starneth
Share
08:08 30 Jan 2017
The buyer is a company controlled by Chiel Smits, Starneth’s chief executive.

[rkbeekeeper] 30/1/2017 08:19

Well it looks like the Wheel is finally turning for PI as we now have no obligation to Starneth, will get the money at some point when the two major developments projects by Starneth close over the next two years.

We will get about $4.75 million after Starneth receive their balance of $1.25 million and in 2018 the New York Wheel will be turning and producing an income stream for us.

Finally Mark Gustafson, CEO said "Looking ahead, we have identified additional acquisition opportunities in the leisure and entertainment sectors which we believe have the potential to offer near term revenue generation prospects. We look forward to updating shareholders on these developments as soon as we are in a position to do so. We would finally like to thank shareholders for their patience and support during what has been a frustrating time. Building shareholder value remains our priority as a company."

Is he looking at CLP?

RKB

[dice1950] 30/1/2017 07:36

#chal each unit is worth £2m+ = £7m
New York Wheel with a minimum of two equity units and up to three equity units

[dice1950] 30/1/2017 07:12

NEW highs coming £££;£ CHAL Challenger will receive up to US$6 million

[dice1950] 28/1/2017 15:24

Income revenue begins for CHAL
New York Wheel Parking Garage Opens for Self-Parking
By Nicholas Rizzi | January 27, 2017 3:04pm

[marvin9] 26/1/2017 20:15

5p sooooon down again today, crash and burn

[marvin9] 25/1/2017 21:33

As predicted its falling nicely to my predicted share price

[dice1950] 24/1/2017 09:21

Matteth14
Posts: 438
Off Topic
Opinion: No Opinion
Price: 10.125
: CHAL
Today 07:31Going to drop Mark an email today, hopefully i'll get a response to this one. Really am losing patience here now

[marvin9] 18/1/2017 20:52

Think it has a long way to go before it settles.

Might have another sniff at around 5p.

[yogaboy] 18/1/2017 09:03

More sliding than crashing, but still sliding in the same direction. There will come a time for the upturn, but I can't see it yet.

[dice1950] 16/1/2017 23:50

CHAL The north shore of Staten Island will soon have the New York Wheel

[marvin9] 16/1/2017 18:43

Still crashing?

[dice1950] 11/1/2017 14:01

Nice 1 rkbeekeeper11 Jan '17 - 13:49 - 127 of 127 1 0 Moderate | Ban
As stated previously I used to work for a large UK retail bank and one of my duties was as an Auditor. So this training is how I know how to look for 'errors or anomalies'

Just last week CHAL issued an RNS that had an error (only a date wrong) but it was a means to an end as I established contact with the CEO Mark Gustafson, the Nomad worked overtime on Friday evening and they issued a replacement RNS.(also got CEO to consider putting out additional information that could assist shareholders)

The CEO then emailed me to say thanks and I had his email and contact details so I emailed him and he called me from Canada and we had a chat for 10 mins.

The purpose of telling you this is that once you have established contact and you ask questions of the BOD we all know they cant say anything that is market sensitive but it is what they do not say that I capitalise on (if you understand what I am trying to say)

RKB

[dice1950] 09/1/2017 09:43

Good man RKB

[rkbeekeeper] 09/1/2017 09:03

I am going to email Mark Gustafson.

I established email contact with Mark last Friday. Like most PI I am concerned at the slide in the share price. I am going to put a proposal to him which in my opinion would stop the decline, hopefully stabilise the share price and then have the share price head north.

RKB

[rkbeekeeper] 09/1/2017 08:17

Convertible Loan Notes

On Friday Mark said he would look at including the information on the outstanding balance of the Loan Notes when they update shareholders when Interest is paid at the end of each quarter.

I am a retired financial advisor and I understand accounts (also an Auditor) and even I had difficulty in working out the current balance of all our Loan Notes. I spent several hours yesterday and only could establish the 2017 and 2018 Loan Note Values.

2017 Outstanding amount £500,000
2018 Outstanding amount £1,000,000

So far I have not been able to calculate
Convertible Notes Due 2017 as extended 2016 and Convertible Notes due 2019. It would appear that I have "not done the correct arithmetic"

For PI to make an investment decision they have to have clear information as to the current liabilities and at present we do not have that in an easily understandable format.

RKB

[ny boy] 08/1/2017 15:14

Can beans, is untrustworthy

[rkbeekeeper] 06/1/2017 23:12

I posted the following on LSE South East because Can Beans has been not too kind on our company and I thought I should let you guys and girls know what I said.

Hi CanBean

Disagree. We need to know the value of the convertible loans as this is diluting our (not your) shareholding. As share price decreases then Bond Holders get more shares in lieu of interest.

As I have established contact with Mark I am going to put a proposal to him that may stop the share price slide. I he (and the BOD) agree then PI would benefit.

Today my car was in for a service and they are keeping it till Monday so I had some free time. So I went through all your posts from day one on Chal.

I have documented what you have said and it is unfortunate that you had to bail-out in early July last year, but since then you have been posting the exact opposite from what you said for the previous 18 months. The longer you post negative things the more you play into the hands of the Convertible Loan Note Holders. As the share price goes south they can convert at ever lower prices.

I fully understand your frustration at the share price going lower, but my view is that you are contributing to this. I know you must have taken a hit as I estimate your average was about 36p and you hopefully got out at about 24p but I think you had a more substantial holding than I currently have.

If you look at my CLP posts you will get an understanding of what I post and why.

Hopefully I have not upset you tonight and if I can just quote some positive stuff that you posted to let you know that I would have invested away back in March 2015 if I had seen your posts. You were consistent throughout but as the Jakarta deal has failed to secure financial backing I fully understand why you went south.

Quotes

25/03/15 I'm confused why people would even consider selling at this price, you will easily triple your money in the short term.

25/03/15 this is borderline hilarious, if this share falls much more, I am going to bet my entire life savings on this as a safe bet, yolo.

26/03/15 nonsense, the more this goes down in the short term, the cheaper I can buy more shares at, the potential to triple my money becomes greater. It does not matter if the share price does high fluctuation, if you right about fundamentals the company.

27/03/15 guys have a little confidence in your investments, if you've done the research, you shall discover the upside. Next RNS outlining, agreements, interesting projects and all that jazz this will go up up up.

2/04/15 said like a week ago, if this falls back below .30 I'm going to stick my entire life savings on this winner... my dream is almost a reality :D

I could post another 50 or more of your positive posts but my take on this is that because Jakarta has stalled you are very frustrated, well it will happen and the Wheel will turn in Jakarta (soon)

Tip: If you believe in this Company pick up some serious share-holding as if I get my views imbedded in Mark Gustafson brain then this share will head north.

As you have said on many occasions DYOR and please continue to post as an open debate is appreciated.

RKB