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Papillon Hldgs Share Discussion Threads
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|My Club accounts filed to April 2016.
LOSSES NOW OVER £4 MILLION|
|When Worldlink was launched on the London Stock Exchange in November 2011 the company was valued at £55million.
But within six weeks shares had plummeted from 112.5p to just 15p.
One City fund manager warned Riches’ My Club Betting share offer was not realistic.
He said: “There is little basis for a £75million valuation of the company. The shares target price of £10 is unrealistic.”|
|Mr Pearson said: “It is inconceivable after the collapse of Worldlink, the damage it did to investors and football clubs, that the same individual could set up a very similar version under the name of My Club Betting.”
Allardyce was signed by My Club Betting after he left West Ham and before he joined Sunderland to spearhead their successful Premier League survival drive last season.
The scheme offers amateur sports groups such as village cricket teams and Sunday league football sides their own branded real-time website betting platform, with a pledge to plough a fifth of profits back into their clubs.|
|One dismissed as “farcical̶1; plans to float it on the stock exchange — adding: “I lost £50,000.
“They will take your money and you will never see it again. Please invest your money elsewhere. Don’t give these people any more money.
“You will be just paying the salaries of people who sit in an office dreaming up the next way to tap you for more.”
Another investor said: “He (Riches) made himself rich in the listing process by scamming most investors and never worked in the interest of investors.”
Former Premier League commercial chief Stephen Pearson enrolled top-flight football club Sunderland and Championship outfits Newcastle United and Fulham into the Worldlink scheme after joining Riches as a business partner.
He eventually sought a winding-up order against the company.|
|But I had no idea about the background to the company which has been revealed by this investigation.
“In view of the revelations about Worldlink I cannot continue to promote the My Club Betting site and I will be giving up my shares.”
Riches’ earlier scheme left thousands of investors nursing huge losses in the wake of its liquidation.
Documents obtained by The Sun show Worldlink Group PLC creditors are owed £4.3million.
Two county court judgments against it are still outstanding, totalling £117,000.
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.
But fuming Worldlink creditors have urged others not to put money into the new venture.|
|Just in case anyone is stupid enough to think of investing in this. The quest corp ( acting on behalf of Neil Riches and all the poor fools who believed in him are now being sued by the defendants for their lawyers fees.
It's all going off now!
They are suing us for their attorney fees as an "exceptional case". Attorney fees for all Defendants for this to date will be a small fortune. Many hundreds of thousands, possibly higher.
"Pursuant to 35 U.S.C. § 285 and FED. R. CIV. P. 54(d), Defendants Bloomberg L.P. and Bloomberg Finance L.P.; Interactive Data Corporation; and The Charles Schwab Corp. and Charles Schwab & Co., Inc. (collectively, “Defendants221;) hereby move for a declaration that this is an exceptional case and for an award of attorneys’ fees against Plaintiff."
They also state:
"I hereby certify that a reasonable effort has been made to reach agreement with
Plaintiff’s counsel on the matters set forth in the motion and that we have not been able to reach agreement."
So we have more interesting times ahead.
On the appeal, my understanding is we cannot present new evidence but have to show the Judge did not take account of specific existing evidence in his summary decision and that a matter of material uncertainty remains and a trial is therefore still required. Honestly, having read everything from both sides throughout the case, I think our chances of success are minimal to zero. Even if we are successful, it has no bearing on the case except we get to a trial to face the non-infringement argument as well as the arguments they have not needed yet for prior art, invalidity etc. At least it will be interesting for us to follow!
Maybe the the appeal might be there to pre-empt the attorney fee case. If Quest lose that it would ruin them surely although it is irrelevant to us here. Perhaps it is "you drop your attorney fee case, we drop our appeal, we all walk away."
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|Judge Gregory M. Sleet, recently granted defendants’ motion for summary judgment of non-infringement based on upon the Court’s construction of the limitation “changing [price] information.” Quest Licensing Corporation v. Bloomberg L.P., No. 14-561-GMS (D. Del. Jan. 19, 2017). Defendants argued that summary judgment was appropriate because “defendants217; accused systems do not receive or supply ‘only data that has changed’ as required by all of the asserted claims of the patent-in-suit.̶1; Id. at 3. Judge Sleet agreed. The Court previously construed the term “changing information” to mean “only [price] data that has changed,” and it was undisputed that the accused systems receive and supply information that “always includes non-changing information such as the stock symbol.” Id. at 5-6. Judge Sleet was not persuaded that the Court should revisit its claim construction ruling. Id. at 6.
Quest Licensing Corporation v. Bloomberg L.P., No. 14-561-GMS|
|Quest Loses IP Suit Over Real-Time Mobile Stock Updates
By Melissa Daniels
Law360, Los Angeles (January 23, 2017, 10:16 PM EST) -- Bloomberg LP, Charles Schwab & Co. Inc. and others beat back patent infringement claims from Quest Licensing Corp. in Delaware federal court on Thursday when a judge ruled their real-time stock market updates on programs like Bloomberg Anywhere don’t infringe Quest’s patent for an information exchange method.
The order from U.S. District Judge Gregory Sleet arrives after nearly three years of an intellectual property row that began with multiple cases and was consolidated into one over Quest’s patent directed toward a method for supplying real-time information...|
|Absolutely JK. Although I understand the CEO is to step down after he has filled his pockets with the proceeds of the latest float. I am quite certain a lot of the debts on MCB's balance sheet will be owed to him.|
|There was no reason to invest before - who on earth wants a CEO who has a track record of rewarding himself at the expense of shareholders? That's a slam dunk red flag reason to run a mile!|
|PS Absolutely nothing posted about NR is childish gossip. Only fact that can all be proven.|
Got your message but will never stop attempting to stop NR from profiting from another scam float. Which he will if it succeeds. I am well aware NR is to step aside but he will still be the major shareholder.|
|Just to clarify I don't work for anyone and if you have read my first post properly I mentioned about neil riches should step aside !!!!!!! I certainly wouldn't dare to be arrogant enough to have more knowledge than a keyboard warrior like your self and probably being a disgruntled worldlink shareholder who if he thinks his shares are worth nothing then I suggest he donates them to charity ? so let's concentrate efforts and not throw childish gossip and rumour around and concentrate on try getting the company to work and hopefully with a NEW BOARD !!! Got the message this time ? :)|
|e shall see
cromarty21 Dec '16 - 05:49 - 5577 of 5586 2 0 Edit
Warwick your comments in 2013 were correct and they are still NR is a conman. I have known him for over 20 years. The sooner everyone realises this the sooner he will sink to the true level of his abilities and intellect.
4laffalot21 Dec '16 - 22:23 - 5578 of 5586 1 0
dont often beleive what the Sun says but on this occasion they are spot on ...hxxps://www.thesun.co.uk/sport/1611113/sam-allardyce-drops-footie-betting-job-and-ditches-shares-after-sun-probe-finds-boss-lost-investors-4m/
Warwick you numpty do you think that Myclubbetting can pass any kind of due diligence when its run by Neil Riches, a couple of oldies and his wife who goes by the name of "dizzy" and officially billed as "Superwoman" and whose profile says
"Working Mum, nearly all grown up kids. Trying to stop my brain going completely to mush, so am now assisting the Hubs in the business. My experience is varied. Bit scatty and disorganised at times, in-dispersed with moments of genius and clarity!
lol . Ladbrokes must be papping themselves at this slick new betting operation.....
"Where do i invest"? said nobody ever....|
|I certainly know more than you about MCB unless you are part of the marketing team for NR's latest scam|
|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|
|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|
|The Pacer case in the US has been effectively LOST so hardly a distraction, just another reason not to invest.|
|Educated??????? This is a crock of sh.....t|
|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|