Chill Brands Share Discussion Threads

[purchaseatthetop] 25/7/2024 19:10

At least we have seen Chills version of events. The only problem is that next we will see the Toxic Twins version of events which will be rather different. They seem to have this all planned out rather well.

Will be difficult to claim the $400k is illegal because it would have been voted by the BoD. Following company policy.
Will be difficult to reverse the Domain transfer simply because there is no jurisdiction in the US for UK domain disputes snd the transfer was authorised by the BoD
Will be difficult to get the trademarks back for same reason.
Relying on UK fiduciary responsibilities in a US court seems very tenuous. The Judge will simply say sort it out in the UK. Which means nothing because there is no recognition of hearing results between UK snd USA.

Utter governance incompetence. As I said as soon as this was announced, the Toxic Twins will empty the company because there is nothing to stop them. No remuneration committee. No board quorum. And who was the CEO? Callum. Callum “Patsy” Sommerton.

[kemche] 25/7/2024 19:05

That charge sheet seems pretty damning.

[jonc] 25/7/2024 18:55

I've registered the trade and domain name Chill(Brixton).

[lionel kipper] 25/7/2024 18:42

Your teeth certainly are

[lionel kipper] 25/7/2024 17:48

This is what the charity thief does , make stuff up ! Oh and ramp Enet from 60p to half a penny .. beware of him

[purchaseatthetop] 25/7/2024 17:16

f. The June 3, 2024 meeting of the Chill Board of Directors was inappropriately
held without inviting or including director Callum Sommerton and, thus, all votes
taken at that meeting were invalid and not binding;

Let’s see the votes details! Terrible governance.

[jonesy27] 25/7/2024 16:24

Legal action started

Chill Brands Group - Commencement of Legal Action #CHLL hxxps://www.voxmarkets.co.uk/rns/announcement/2bc8e461-afa7-47d7-bb78-ac4a60bec3df #voxmarkets undefined

[purchaseatthetop] 24/7/2024 12:39

Of course.

[kemche] 24/7/2024 12:34

Chuckle brothers?

[purchaseatthetop] 24/7/2024 12:25

They had $431k other debtors at 31/3/23
They were $378k 30/9/23
A debit in the balance sheet may be a profit snd loss debit just hiding.
How can they have such large other debtors with zero revenue?

[kemche] 24/7/2024 12:22

What revenues??? Are they now proposing to recognise revenues? Why now? They have never done that before.

[purchaseatthetop] 24/7/2024 11:43

On serious issues there was one odd statement in the trading update…

“The Company is reviewing its revenue recognition policies to ensure they align with best practices and regulatory standards. The Board looks forward to reporting on revenue upon the publication of the 2024 Annual Report.”

Have they been overstating revenue in their accounts?

[bbmsionlypostafter mk2] 24/7/2024 11:21

Hadn't noticed.

[purchaseatthetop] 24/7/2024 10:08

Funny that Lionel no longer posts here but now posts on ENET.

[jonc] 23/7/2024 22:01

Brixton branch keeps them under the counter and sells them for a premium.

[purchaseatthetop] 23/7/2024 18:53

Kemche. How right you are!
I am 62 and when I am 137 years old I won’t be crowing.

[kemche] 23/7/2024 18:45

You will rue your words one day when they come out of suspension to an almighty whoosh. You won't be crowing then.

[lionel kipper] 19/7/2024 01:35

What a rubbish reply !! Nice. Try

[jonesy27] 18/7/2024 23:52

Seem to be pretty much full price in most of their other outlets. And it seems that we are rapidly growing the amount of new retail outlets for the vapes.

[kemche] 18/7/2024 23:09

They are selling them at a 400% gross profit margin.