Mediclinic Share Discussion Threads

[goboygoboy] 30/7/2014 22:09

Fairfx, co-founded by Jason Drummond in 2005 and very active now, holds a substantial amount of client funds on trust. I am going to make a few calls to ensure that the regulatory bodies - along with the other authorities already involved - know all relevant facts in relation to Mr Jason Drummond. In fact I am NEVER going to stop until Mr Jason Drummond is properly appreciated for the businessman he is. He deserves that at least - to be shown for what he is. Nothing wrong with that Jason. Understand.

[goboygoboy] 30/7/2014 21:52

[e-mail]

neilrr please email me and I will send you the cryptologic/mdc/Drummond contract as requested

[neilrr] 30/7/2014 20:02

goboy,

Can't send you a message.

Can you send me your email & I'll reply?

Or post the link up at night when advfn is asleep!

[goboygoboy] 30/7/2014 13:33

neilrr

Yeah, great.

That's all well & dandy but CAN YOU POST THE LINK(S) or not? It's not a trick question.

The link has been removed since I found it and posted here.

I did copy it to a document however so if you supply an email address I will send it to you via an attached word document

[neilrr] 30/7/2014 12:01

Yeah, great.

That's all well & dandy but CAN YOU POST THE LINK(S) or not? It's not a trick question.

[goboygoboy] 30/7/2014 11:16

There is a lot of information out there if you know where to look. I am going to summarise what it all means. The great thing is that it is all there to support the following:

In a nutshell:

Gambling.com business was massively affected by the USA ban in 2006. Assets should have been massively impaired (written down) within months. This was ignored, it was stated the opposite was the case that assets were undervalued and false representations were made which led to investments by shareholders and losses being sustained by them. Misrepresentation.

To help support the misrepresentation of asset values a misrepresented asset sale and false profit was highlighted. Further misrepresentation.

Purple Lounge business was bought with the knowledge that a shortfall in player funds already existed. Funds that should have been held on trust were to be made whole as required by cash balances within Media Corporation should players make withdrawals. Having made those funds whole and knowing they were held on trust the funds were then denied to players. Theft.

In a nutshell that's it - fraud and theft. As I state, the information is all there if you know where to look.

Coming to a court near you soon.........perhaps.........

[goboygoboy] 30/7/2014 10:57

19 POST-COMPLETION PROVISIONS
19.1 To assure to the Buyer the full benefits of the business and goodwill of the Business, the Sellers and each of Justin Drummond and Jason Drummond severally undertake, as separate and independent agreements, that they will not, (and the Sellers shall procure that each other member of the Media Corp Group, Justin Drummond and Jason Drummond shall not), in each case without the Buyer's prior written consent:
(a) disclose to another person, or himself or itself use for any purpose, information concerning the business, accounts or finances of the Business, or the transactions or affairs of the clients or customers of the Business, of which he or it has knowledge (other than any information which, at the time of disclosure, is in the public domain (save where such information is in the public domain by reason of a breach of this provision) or any information which he or it is compelled by law or by rules of any regulatory authority or stock exchange to disclose, provided that, where any such disclosure is required he or it shall immediately notify the Buyer of this fact and shall take into account the Buyer's reasonable requirements as to the timing, content and manner of making such disclosure);
(b) for two years after Completion, in relation to an internet casino, internet poker room, internet skill gaming, gaming portal or gaming affiliate business, or a business which is in direct competition with the Business, either on their own account or for another person, for the purpose of obtaining business, orders or custom, directly or indirectly solicit, interfere with or endeavour to entice away from the Business or from the Buyer's Group a person who is, or has during the one year preceding Completion
17
________________________________________
been, a client or customer of or supplier to the Sellers in relation to the Business or, as appropriate, in the habit of dealing with Justin Drummond or Jason Drummond in each case in relation to the Business;
(c) for two years after Completion, in relation to an internet casino, internet poker room, internet skill gaming, gaming portal or gaming affiliate business, or a business which is in direct competition with the Business, either on their own account or for another person, directly or indirectly supply goods or services to a person who, to their knowledge is, or has during one year preceding Completion been, a client or customer of the Sellers in relation to the Business or, as appropriate, in the habit of dealing with Justin Drummond or Jason Drummond in each case in relation to the Business;
(d) for two years after Completion, directly or indirectly carry on or be engaged, concerned or interested in an internet casino, internet poker room, internet skill gaming, gaming portal or gaming affiliate business, or a business which is in direct competition with the Business including, without limitation, such businesses:
(i) which have a .co.uk extension; or
(ii) that include or have advertising by internet skillgames, casinos and poker rooms that have a .co.uk extension either
(A) as a feed from a secondary website; or
(B) directly on that website; or
(iii) that have advertising or text links with copy containing promotional offers in pounds sterling; or
(iv) that target the United Kingdom;
(e) at any time after Completion, in any jurisdiction:
(i) apply to register, register or seek to register any trade marks, domain names, company names, copyright or analogous right; or
(ii) directly or indirectly carry on a business activity under a name,
which is identical with, or is so similar as to give the Buyer a right to bring a passing off claim against any of the Sellers, Justin Drummond or Jason Drummond in relation to, any of the Domain Names or includes any of the Business Intellectual Property Rights incorporated within the Domain Names; or
(f) at any time after Completion, make adverse comments in relation to the Buyer or its employees, or the Business or the Assets.
19.2 Nothing contained within Clause 19.1(b), (c), (d), or (e) shall prevent the Sellers or Justin Drummond or Jason Drummond from
(a) operating the website "gambling.com"; or,
(b) operating any website or domain name fairly disclosed in the Disclosure Letter (the " Websites "); or
18
________________________________________
(c) operating its mobile gaming business
in each case as each of "gambling.com", the Websites and the mobile gaming business are operated (where such Websites are capable of being operated) on the date of this Agreement.

[neilrr] 30/7/2014 10:16

goboy.

Pls. post a link to the source of your Copy & pastes.

[goboygoboy] 30/7/2014 09:39

4 CONSIDERATION
4.1 The consideration payable for the Assets shall be the sum of the amounts set out in this Clause 4.1, which shall be paid or satisfied as follows:
(a) as to the sum of £2,980,000, by the payment in cash of such amount at Completion (the " Initial Consideration ") of which £1 of the Initial Consideration is being allocated to the Assets specified in Clause 2.2(e); and
(b) the Additional Consideration (if any) subject to the terms of, and in accordance with, Clause 5.
4.2 The Initial Consideration shall be apportioned:
(a) as to £234,718, to Media Corp; and
(b) as to the balance, to XWorks.

[goboygoboy] 30/7/2014 09:38

2.2 The Assets shall comprise all of the assets used in the Business (save for those assets fairly disclosed in the Disclosure Letter against Warranty 6(d)) and shall include the following assets (except insofar as they are included in the Excluded Assets):
(a) all rights, title and interest in, and to, (i) the trade names and brands "casino.co.uk", "findpoker.com", "findpoker.eu", "got2bet.com", "got2bet.co.uk", "casino.ie" and "skillgaming.co.uk" (ii) the Domain Names,
and all Intellectual Property Rights related thereto;
(b) all rights, title and interest in all software associated with the Domain Names (which shall include the Portals Management Software) and all Intellectual Property Rights subsisting in relation thereto;
(c) the Business Records and all Intellectual Property Rights subsisting therein;
6
________________________________________

(d) all rights, title and interest in and to the Database;
(e) all right, title and interest of the Sellers in and to the Business Contract and the benefit of all contracts (written or oral) with customers associated with the purchase of advertising space relating to the Portals Business; and
(f) the Goodwill.

[nevik2] 29/7/2014 19:30

Right a name cropped up on BOX, I've started checking around simple google stuff, there are links here all distant but ...... various companies history and the odd name that was sometimes indirectly linked to MDC crops up, oh and a Carnaby St. address. Not really sure what to make of it but doesn't feel healthy.

[goboygoboy] 29/7/2014 18:32

EXECUTION PAGE
EXECUTED and DELIVERED as a DEED by MEDIA CORPORATION PLC acting by two directors or one director and the company secretary
)
)
)

Director


Director/Secretary


EXECUTED and DELIVERED as a DEED by XWORKS (UK) LIMITED acting by two directors or one director and the company secretary
)
)
)

Director


Director/Secretary


EXECUTED and DELIVERED as a DEED by GAMING PORTALS LIMITED acting by two directors or one director and the company secretary
)
)
)
)

Director


Director/Secretary
________________________________________

EXECUTED and DELIVERED as a DEED by JUSTIN DRUMMOND in his capacity as Covenantor in the presence of:



Name of Witness:

Signature of Witness:


Address:

Occupation:
)
)





EXECUTED and DELIVERED as a DEED by JASON DRUMMOND in his capacity as Covenantor in the presence of:



Name of Witness:

Signature of Witness:


Address:

Occupation:
)
)

[goboygoboy] 29/7/2014 18:27

10 CUSTOMER DEPOSITS
10.1 For the avoidance of doubt the parties acknowledge that the Customer Deposits are not deemed to be transferred for part of the Consideration and are an asset owned, collectively, by the Customers of the Sellers and held on trust for them by the Sellers prior to Completion and by the Buyer after Completion.
10.2 The Sellers will inform the Buyer at Completion of the actual Customer Deposits they then hold. The Buyer will honour the actual amount of Customer Deposits held by the Sellers at Completion by providing a corresponding amount to the customers as advertising spend. For the avoidance of doubt the actual funds held by the Sellers after Completion that correspond to the Customer Deposits honoured after Completion by the Sellers shall be considered the property of the Sellers and no longer held on trust on behalf of such customers. The Parties agree that the Consideration shall be reduced by an amount equal to the actual Customer Deposits.
10.3 The Sellers undertake to the Buyer (for themselves and as trustee for the customers of the Sellers on whose behalf the Customer Deposits are held) to indemnify the Buyer on an after tax basis and keep it fully indemnified from and against all costs, claims, actions, proceedings, losses, damages and expenses suffered or incurred by the Buyer (including without limitation, all losses, liabilities and reasonable and proper costs incurred as a result of defending or settling any
12
________________________________________
claim alleging such liability) in any jurisdiction or which may be made or taken against the Buyer, arising out of, or in connection with, the amount notified to the Buyer pursuant to Clause 10.2 not representing the Customer Deposits held by the Sellers at Completion.
10.4 The Buyer undertakes to the Sellers to indemnify the Sellers on an after tax basis and keep them fully indemnified from and against all costs, claims, actions, proceedings, losses, damages and expenses suffered or incurred by the Sellers in any jurisdiction or which may be made or taken against the Sellers (including without limitation, all losses, liabilities and reasonable and proper costs incurred as a result of defending or settling any claim alleging such liability), arising out of, or in connection with, the Buyer not providing Customers with an amount corresponding to their respective Customer Deposits held by the Sellers before Completion.
10.5 The Buyer shall be entitled to appoint an auditor or authorised representative at any time to inspect and/or audit the Sellers' books of account and all supporting and related documentation relating to Customer Deposits, provided such inspection and/or audit takes place with reasonable notice during normal business hours. The Sellers shall promptly give all information, assistance and access to such books of account and all supporting and related documentation which the Buyer's auditor or authorised representative may reasonably require.

[timtim5449] 29/7/2014 09:02

what is mr bottros saying any news?

[truefacts] 28/7/2014 23:45

When was this? No date attached - any link to this?

[goboygoboy] 28/7/2014 19:25

MEDIA CORPORATION PLC AND XWORKS (UK) LIMITED
as Sellers

GAMING PORTALS LIMITED
as Buyer

JASON DRUMMOND AND JUSTIN DRUMMOND
as Covenantors
ASSET PURCHASE AGREEMENT

for the purchase of certain assets and undertakings of Media Corporation plc and certain of
its subsidiaries

[adh0] 28/7/2014 17:20

Sounding a bit like a broken record here but where on Earth did Intabet go? How much was spent on it? Was it more than a million £s? For nothing, not even a launch? You really would of thought perhaps after wasting £100k (and you can buy quite a fancy website for that kind of money) that it was not viable may have occoured to someone somewhere?

To plough in another £900k would be, ermm, foolish? Unless you were a Director of said venture getting paid a very fat salary and enjoying the odd pub lunch whilst things went along of course.

[cliveas] 27/7/2014 20:56

I Think I might send him some copies of Phil Jackson's e mails I got!

[pandide] 27/7/2014 18:48

Thanks Swizz. I second that

[truefacts] 27/7/2014 18:14

Thanks Swizz. Very interesting indeed.

[swizz] 26/7/2014 07:55

ShareSoc comment on MDC,.....GL S


Link.....

[juicin drumroll] 07/7/2014 10:32

You can add comments to the Share Prophets article.

hTTp://www.shareprophets.advfn.com/views/6403/shareprophets-tip-of-the-week-buy-ca-sperati-at-a-425p-offer

ShareProphets tip of the week: Buy CA Sperati at a 4.25p offer
By ShareProphets | Sunday 6 July 2014



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

We spoke to the main man at CA Sperati (SPR) a couple of weeks ago and sense that after months of waiting, the summer could be action packed. This a 156 year old company making buttons and trimmings in a factory in Greenwich London. It recently transferred from the Full list to AIM. The Button business is massively sub scale and not a high growth market – we do not care about buttons.

During the past eight months Jason Drummond and Jonathan Rowland have come on board, a freehold site has been sold and £250,000 raised at 4p. At a 4.25p offer price (the spread is 3.75p– 4.25p) the market cap is c£820,000. We reckon that net cash is c£350,000 to £400,000 there is no debt and Jason Drummond has plans.

Historic results are pretty much irrelevant. The only thing that matters is cash and following the sale of a freehold property and a placing earlier this year net cash is £350,000 to £400,000. Now we come to Drummond and Rowland who own 22% between them. Rowland provides financial clout although Drummond is very wealthy too and he is the key man.

You might associate him with an AIM disaster Media Corp but that was his younger brother in charge. Look back a few more years and you will see that Drummond made stunning returns for shareholders in the dotcom boom. Perhaps more importantly the businesses he established were real business which are still going today, albeit having been sold at the right time.

Drummond and he knows the technology/new media and e-commerce sector well. We know this sector is back in vogue but Drummond is not going to be rushed into a deal. Having said that we know some investors have grown bored waiting for him to act. That is a mistake, we sense that he is now ready to strike and that will transform Sperati.

There are risks: Tech stocks might tank. Drummond might not find a deal or do a bad one. But we have faith in the man. He has an excellent track record and he and Rowland have skin in the game. They are not there just to double their money. We think that the summer months will be exciting ones for Sperati and the shares are a buy at up to 5.5p with an initial target share price of 12p.