Galleon Share Discussion Threads

[monte1] 04/10/2013 20:17

#17586

Not quite.

It is in fact £3.567m worse than the figure you quote.

You do relaise that there have been some - how shall we put it - "changes" to the structure, and the company is now a cash shell (with very little cash)?

[hamilton] 04/10/2013 20:11

BBD2,

Have you overlooked the fact that we all still own the same percentage of G3 Interactive Ltd ? With historic annual revenues of £6-7M, it is now debt free and also free of non current assets !!

[hamilton] 04/10/2013 20:06

These are some of the sites hosting our games and paying us a percentage of their takings;

hxxp://www.gameturk.com/portal/won/

hxxp://el.koramgame.com/

hxxp://se.funmily.com/top.shtml

hxxp://god.gamehot.com/

hxxp://sj.funimax.com/

Not to mention Tencent/Pengu hosting Happy Tanks and Gen Gods across China

Plus our own game portals;

hxxp://www.wowan.tw/
hxxp://www.wowan365.com/
hxxp://www.yipeegame.com/

[hamilton] 04/10/2013 20:02

LOL.. That's much better than £3.584M

[monte1] 04/10/2013 19:33

17k, and hence it is pretty unimportant?

[hamilton] 04/10/2013 18:47

Numpty,

What is the total value of non current assets on the books now ? why is this important ?

[hamilton] 04/10/2013 18:46

Troll tactics.

[monte1] 04/10/2013 18:29

Apologies, that was unkind.

But all the information that you need is right there on your lap in front of you.

[monte1] 04/10/2013 18:27

BOL.

Ask an adult to have a look at them for you.

[hamilton] 04/10/2013 18:25

I know exactly what the change in gaming revue was. Its in the Financial statement on my lap. There are factors that are not published that I would need to see in order to really assess on-line Entertainment's current position.

Some on here seem to have missed the fact that we all still own shares in Digital Entertainment division now called G3 Interactive Ltd. It is now debt free.

I'm reading through the detailed accounts but the fact that we impaired/depreciated over £4.1M in these accounts should not be overlooked when viewing the figures..

[monte1] 04/10/2013 18:07

What is your reading of the accounts Mr Hamilton?

What do you believe is the change in gaming revenue?

[jimmyloser] 04/10/2013 17:10

JL

Holds every share - they are NOT for sale.


at this price.

Davy,
Do you mean 740,000 shares sold?

[yaki] 04/10/2013 16:54

Daveyuk
Probably you mean 0.74 mln?

I am still around, got to the point that is not worth selling.



Daveyuk
4 Oct'13 - 17:03 - 17565 of 17565 0 0


7.4 million shares sold. So Yaki ? JL no more :(

[daveyuk] 04/10/2013 16:03

7.4 million shares sold. So Yaki ? JL no more :(

[yaki] 04/10/2013 13:06

2 buys and 1 share sell(! How do you that?)

[yaki] 04/10/2013 10:40

If dealing costs are too high, can donate the shares to a charity who get a special deal from brokers

[captain crash] 04/10/2013 10:37

For most people here Yaki it's probably not worth selling.

[monte1] 04/10/2013 10:36

I suspect for many that the dealing fees wont cover the return.

[yaki] 04/10/2013 10:32

surprised that there are very few trades since trading started. I expected people to rush to the door?

Isn't it funny - a cash shell with 100k, valued at 1 mln?

[captain crash] 03/10/2013 21:57

As you well know monte1, there are several posters here who have commented on the fact that they still believe they will make money here as a result of Happy Tanks. In theory, the shareholders can still make money from the gaming operation. In my opinion this is about as likely as JK turning out to be a thoroughly nice chap with genuine business acumen.

[monte1] 03/10/2013 21:48

Of course it is irrelevant, GON is no longer in that business.


On 30 September 2013 the Company became an investing company focussed on the natural resources and energy sectors.

[captain crash] 03/10/2013 21:30

Obviously an in depth analysis of the accounts is a bit pointless given what's happened but I'm actually stunned at quite how bad performance has actually been.

Whilst I'd been expressing my fears over the cash position for quite some time, the extent of the drop in revenue in the online part of the business is staggering.

Whilst it would appear that they've got a bit of a handle on costs, in relation to revenue, in the 6 months to March, it would appear that in order to grow revenue they'll have to invest money either in marketing or new games and money, as we know, is the one thing they don't have.

Obviously this is largely irrelevant given the way the shares have been organised but for those who were still hoping to get their money back, that seems less likely by the minute

[south_london] 03/10/2013 20:24

keep the faith LOVL

[bbd2] 03/10/2013 18:40

The old GON is dead as is this BB. To anyone wishing to invest in a company connected to David Wong my advice is DON'T. You may as well go down the pub and drink your cash away. At least you will enjoy it!

To the many genuine holders over the years, I wish you all lot's of luck.

Over and out

BBD2