Papillon Share Discussion Threads

[cromarty] 24/12/2016 11:52

I certainly know more than you about MCB unless you are part of the marketing team for NR's latest scam

[speculator15] 24/12/2016 11:09

Wow , Educated ! If you feel that strongly then sell you shares ? Or don't by any ! obviously you know more than the other 5 people on the chat page :) happy xmas

[cromarty] 24/12/2016 10:17

This doesn't look good. Update on Pacer. Trial cancelled and seems to say the Judge has granted their motion. This is exactly what it says:

"Minute Entry for proceedings held before Judge Gregory M. Sleet - Final Pretrial Conference held on 12/19/2016. Oral arguments on the pending motion for summary judgment (193 ). The Court will grant the motion and issue a written opinion in due course. The Jury Trial is removed from the Court's calendar. (Court Reporter Kevin Maurer.) (mdb

[cromarty] 24/12/2016 10:08

The Pacer case in the US has been effectively LOST so hardly a distraction, just another reason not to invest.

[cromarty] 24/12/2016 10:00

Educated??????? This is a crock of sh.....t

[cromarty] 21/12/2016 05:52

MyClub betting have now lost their court case in the US. The company is worthless.
When you get the prospectus look out for the debt, it will be money owed to Directors. Within weeks they will pay themselves back with your money.
DO NOT INVEST IN THIS

[cromarty] 20/12/2016 12:36

This doesn't look good. Update on Pacer. Trial cancelled and seems to say the Judge has granted their motion. This is exactly what it says:

"Minute Entry for proceedings held before Judge Gregory M. Sleet - Final Pretrial Conference held on 12/19/2016. Oral arguments on the pending motion for summary judgment (193 ). The Court will grant the motion and issue a written opinion in due course. The Jury Trial is removed from the Court's calendar. (Court Reporter Kevin Maurer.) (mdb)"


Not looking good for My Club in the court case in the US

[encarter] 20/12/2016 07:58

£2.50, WOW! That would be amazing. Thanks Cromarty. What do you mean by "Guess this is the Sub-Standard list" ?

[cromarty] 12/12/2016 11:32

Myclubbetting.com Limited is a reincarnation of Worldlink Group plc which listed on the Standard list (surprise) in late 2011 at a share price of £2.50 and was in liquidation a year later with over £4 million of debts and the shares suspended down at 8p. Its performance, however, clearly merited a bonus of over £1 million to its CEO, Neil Riches!

Upon liquidation, the assets were acquired by the CEO and others for £180,000 plus a future potential revenue share and that company is now called Myclubetting.com.

It enables local sports clubs to run betting services; however, this is a hugely competitive market. It was so when Worldlink went bust 4 years ago and is even more so now with recent consolidation in the online sports betting market.

On the plus side, it has had some recent press as Sam Allardyce, one of its brand ambassadors, had to step down from the role on taking on the England manager role. I guess all publicity is good publicity, right?

The recent abbreviated accounts of Myclubbetting.com Limited for the year to 30 April 2015 show losses to date of £2.7 million. I am interested to see more up-to-date financial information in the forthcoming prospectus but would be very surprised if the business is profitable at the moment or will be in the near-term.

By now, Papillion will have less than £700,000 in cash and once costs of the RTO are taken into account, it is highly likely that it will need to raise further funds to fund Myclubbetting.com. I can’t fathom why third parties will provide additional funding for a business and a management team that took a very similar business into liquidation a few years ago. Guess this is the Sub-Standard List though so anything is possible.

I feel for the shareholders locked in here as I reckon the share price is only going one way, as and when it comes out of suspension. I’ll review further once the prospectus comes out with a more definitive view on the RTO.



- See more at: hxxp://www.shareprophets.com/views/23633/papillon-holdings-a-shocking-deal-even-by-the-sub-standard-shockers-xi-standards#sthash.IFE8eVHR.dpuf

[cromarty] 03/12/2016 10:36

Bad news from the My club law suit in the USA


Several documents just appeared on the Court PACER system. They have just formally submitted their motion for Summary Judgement for Non-Infringement for all the accused systems.

“….(collectively, “Defendants221;) hereby move for summary judgment of non-infringement pursuant to the Court’s Order granting permission to file a motion for summary judgment of non-infringement based on the “changing information” limitation which requires that the accused systems receive and supply “only data that has changed.”

It includes a 21 page opening brief which sadly seems to be a rather compelling argument as the key points all hang off the precise definition and reasoning set by the Court itself in the Order Construing Terms. Quest are going to need to pull a rabbit out of the hat on this one. Answering brief due on 16th.


Don't touch this with a bargepole

[cromarty] 15/11/2016 10:25

Don't be ridiculous.

[encarter] 14/11/2016 22:29

Thanks conarty, I agree 100%. The share price is only going up from here.

[cromarty] 13/11/2016 09:58

I first wrote about Papillon Holdings (PPHP) when it joined the Sub-Standard List back in June (HERE) assessing whether it was “fit” enough for the squad. Well, I had no reason to worry as a mere three months later, it has issued an appalling RNS which will have the inevitable disappointing long-term consequences for shareholders.

As a reminder, Papillon is one of the many sub-scale investment companies with limited funds and was established to make an acquisition in the industrial and services sector which, I noted at the time, was previously was pretty wide.

Yesterday it announced that it was:

“…pleased to inform shareholders that it has signed non-binding Heads of Terms to acquire the entire issued share capital of myclubbetting.com Limited, a specialised betting and gaming related business, for new shares in the Company (the "Acquisition"). The Acquisition, if completed, would result in Papillon shareholders having a minority interest in the enlarged group (the "Group").”

As a potential RTO, the shares were suspended yesterday at 1.325p giving a market cap of £1.75 million and shareholders are now locked in.

So what are my concerns?

First, although the investment policy was drawn as broadly as possible I still think it is pushing it to make an investment in an online betting company particularly as the admission document pushed the energy and resources experiences of the Board of Directors; however, I imagine if pressed on this point, it would argue that it squeezes into the definition of the “entertainment” sub-sector of the “services̶1; sector.

Nevertheless, it still feels a bit disappointing.

More importantly though is my concerns with the deal itself.

Myclubbetting.com Limited is a reincarnation of Worldlink Group plc which listed on the Standard list (surprise) in late 2011 at a share price of £2.50 and was in liquidation a year later with over £4 million of debts and the shares suspended down at 8p. Its performance, however, clearly merited a bonus of over £1 million to its CEO, Neil Riches!

Upon liquidation, the assets were acquired by the CEO and others for £180,000 plus a future potential revenue share and that company is now called Myclubetting.com.

It enables local sports clubs to run betting services; however, this is a hugely competitive market. It was so when Worldlink went bust 4 years ago and is even more so now with recent consolidation in the online sports betting market.

On the plus side, it has had some recent press as Sam Allardyce, one of its brand ambassadors, had to step down from the role on taking on the England manager role. I guess all publicity is good publicity, right?

The recent abbreviated accounts of Myclubbetting.com Limited for the year to 30 April 2015 show losses to date of £2.7 million. I am interested to see more up-to-date financial information in the forthcoming prospectus but would be very surprised if the business is profitable at the moment or will be in the near-term.

By now, Papillion will have less than £700,000 in cash and once costs of the RTO are taken into account, it is highly likely that it will need to raise further funds to fund Myclubbetting.com. I can’t fathom why third parties will provide additional funding for a business and a management team that took a very similar business into liquidation a few years ago. Guess this is the Sub-Standard List though so anything is possible.

I feel for the shareholders locked in here as I reckon the share price is only going one way, as and when it comes out of suspension. I’ll review further once the prospectus comes out with a more definitive view on the RTO.





- See more at: hxxp://www.shareprophets.com/views/23633/papillon-holdings-a-shocking-deal-even-by-the-sub-standard-shockers-xi-standards#sthash.sVxX85OC.dpuf

[cromarty] 13/11/2016 09:48

Riches claims My Club Betting is due to launch on Europe’s Nasdaq (First North) stock exchange at a £10 share price with a value of £75million.

It didn't. For obvious reasons. NASDAQ North wouldn't let them.
They are now using Pappilon to extort more money from investors.

[cromarty] 13/11/2016 09:43

But a similar scheme by chief Neil Riches fell into liquidation four years ago.

Allardyce had agreed to work with the firm, in which he holds shares, and had promoted it on television in his role as a pundit.

But our investigation found the company was run by a businessman who lost investors more than £4million when a near-identical previous scheme went into liquidation within a year of its stock market launch.

As that venture, called Worldlink, was crashing in 2012, 57-year-old boss Neil Riches paid himself a £1,076,485 bonus on top of his £223,500 salary.

Allardyce, 61, quit his role with the new firm — which promises lucrative rewards for hard-up sports clubs — immediately after he was alerted to The Sun’s findings.

He said: “The reason I joined My Club Betting was because I am so passionate about grassroots sport.

[cromarty] 13/11/2016 09:31

Anyone thinking of investing in this. Please read the threads on WGP

[cromarty] 13/11/2016 09:29

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Stephen Pearson, former Chief Marketing Officer, Worldlink Group Plc (LSE:WGP) (“Worldlink221;), the UK listed Company and owner of patents on providing changing data in real-time for mobile devices, has instructed his lawyers to take action against Worldlink for breach of contract.


Pearson had been consulting for the company since March and was announced publicly by Worldlink on 18th June to manage its sports and gaming division Worldlink Sport. He has been instrumental in brokering and management of a number of high profile football agreements including Premier League clubs Newcastle United, Fulham FC and Sunderland FC. In addition he has overseen all marketing and PR functions of Worldlink.


Pearson joined Worldlink as Consultant Chief Marketing Officer after running his own successful marketing agency, for the last 12 years, which specialised in the sports and gaming markets. However, Pearson has now terminated his consultancy agreement with Worldlink due to its failure to comply with its obligations under it.


Stephen Pearson stated, “I am extremely disappointed with Worldlink and its directors. Worldlink have been very happy to use my good name publicly to promote their business and I have worked for them tirelessly over the last few months. Regrettably I have been obliged to instruct my solicitors to take all necessary steps following Worldlink’s breaches of contract. To protect my good name in the international sports industry, I wish to make it clear that I no longer have any involvement with Worldlink”.

Pearson continues “ I was also concerned that Worldlink Directors did not take my advice to publicly announce the termination of a previously announced investment from Andrew Ellis into Worldlink Sport (RNS Number : 9556H) that never transpired. I have been very concerned that leaving such false information in the market was misleading to investors of Worldlink and to the sports rights holders who were led to believe this was to fund their sponsorship agreements.. I also wish to have no party to what I consider misrepresentation

[cromarty] 25/10/2016 13:14

Here is the link to this ridiculous companies report

[encarter] 15/10/2016 08:55

Is a good business idea and expectations will be more realistic so lets see

[cromarty] 13/10/2016 12:22

Steer clear of anything to do with myclubbetting. Look at the discussion board of WGP.

[higson1] 10/9/2016 11:38

Interesting website for myclubbetting.com.