Worldlink Investors - WGP

Worldlink Investors - WGP

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Stock Name Stock Symbol Market Stock Type
Worldlink Group Plc WGP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 8.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
8.00 8.00
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warwick69: Fellow My Club Betting Shareholders,I am pleased to present our monthly report for September. As in previous reports I will start with our CEO, Stephen Wundke's betting report.Betting – CEO's reportSeptember was all about following up on the August activities with the different approach to our marketing. As you know we looked at a coordinated campaign to rid ourselves of as many 'bonus hunters' as possible. We expected this would have had a significant effect on turnover but we only dipped slightly by 10%. We do have a retail site to capture punters who do not belong to clubs but like the 'My Club' ethos, however this was capturing many bonus hunters too so we had to clear these out as well.My objective when I joined the Company was to build sustainable turnover, which I have done, but now it is all about getting the 'right' turnover and credible profitability. The good news here is that there has been a big swing in turnover into the clubs which is exactly what we wanted to achieve. The number of clubs betting with us increased by 12.5% month on month and I thought that I would mention just a few clubs using the service and what they earned from us in September. Take a look at these numbers; Bromley FC £374, Chester Cricket Club £271 – they have now had over £1,500 in 4 months, Dewsbury Rams £171 and FC London Boys £253.Every month these clubs are making money from My Club Betting and their members are really enjoying our service. This money is vital to them and without us they wouldn't have any of it. You as shareholders have helped to make that happen. A recent twitter post from a football club called Stoconians – an 8 team amateur sporting club near Manchester - said after receiving their August payment "another £81.57, that's nearly £1000 for the year – thank you". You can't imagine how hard it is for amateur clubs to find a £1,000 sponsor and we are theirs for life if they want it. I just thought some perspective to what we do was worthwhile and why this is so important. Not just to make money of course but to make a difference.Our club network produced a record profit for the month, but don't get too excited as our aim is all about growth of numbers too and with the new funding we will be getting shortly prior to our listing we will take the next big steps to being profitable as soon as we can. It is an exciting time currently and we are working very well at the 'coal-face', something that is made even more special when we focus on just how important our money is to these sporting clubs. I do hope you feel the same.Importantly too, our cost of acquisition remained low at £17.90 per account, which is fabulous. The real cost of acquisition that I talk about is of those who have deposited in to their account three times or more was just £58.89 while the industry average is over £350. We have done and will continue to do the clean-up of those "less than desirable" customers and having eliminated hundreds of customers and will keep working at it – it is an industry wide problem, however we again recruited an extra 956 new players, nearly all from our club network, which continues to grow as you can see.US PatentWe are now into the 'home turn' on the US Patent Appeal. We can only inform you of information that is in the public domain. At the beginning of the year we notified you that the Appeal process would take around six months. Our in-house patent expert has tried to keep you well informed of events throughout the year and has tried to be as accurate as possible. For the record, listed below is a summary of what hasactually happened leading up to what is expected to be the final action, the 'Oral' Hearing which should be heard late October/early November. This will be a short hearing where both parties have a final 10 minutes each in front of the Judge. We are all still very positive of a successful outcome.Quest filed our Appeal on 1st FebruaryQuest filed their Appeal brief on 2nd JuneDefendants should have responded by 12th JulyOn 5th July Defendants asked and received an extended time to file by 11th SeptemberOn 31st August Defendants then asked and received a second extended time again to file by 25th SeptemberDefendants met their second extended response date and filed their brief on 25th SeptemberQuest were due to 'rebut' the Defendants response by 10th OctoberEarlier this week 2nd October Quest asked and received extended time to file the final rebuttal on 23rd OctoberAfter this date there is a short 'Oral' Hearing – probably late October/early NovemberListingAs you know we are working with Daniel Stewart in two areas. The first being the listing itself and the second being of assistance in raising of funds to satisfy the capital adequacy requirement. I am pleased to say that we are making good headway on both. Last month we hosted an event with Daniel Stewart at the Café Royale where we 'officially' announced our intention to list on our own. Over 100 people attended the event which brought together existing shareholders, brand ambassadors and potential new investors.We have received an indicative timetable from Daniel Stewart and should proceed to listing when the Capital Adequacy requirement is met. We are still on course to raise several million from our Bond.General RemarksAs your Chairman, I try to paint an accurate picture of events and, every month, ensure the update is relayed to you all: it may not appear to be the case, to all shareholders' satisfaction, but we are heading towards our targets of accumulating clubs and club members and, in so doing, getting our message across to an ever-broader audience of sports-oriented individuals, weeding out the rogue elements referred to in Stephen's report to you, whilst retaining and increasing the number of bettors with the right end game - having fun, sometimes winning but, more importantly, getting funds into clubs, which is at the heart of our business and makes us unique and proud.We have made huge progress in the last few months and are well placed to deliver what we set out to do- provide shareholder value, with an exit on listing (if needs be) and, at the same time, help grassroots sports. I've always maintained that the message is a highly contagious one and that's being borne out by the growth in numbers and interest being expressed by others outside our industry, drawing in investment from a variety of sources.We have some very bold and exciting ideas to put into place and I'm asking, once again, for your indulgence and recognition that we are building something we can all be very proud of and which, in my view, will bring the rewards we all wish for, from investors to clubs; this is a family we're creating here at MCB and I'm pleased you're all a very special part of it!Once again, thank you for being a Shareholder. Regards, Stuart CanwellChairman – 'My Club' T
warwick69: I respect all your opinions ? But IMHO I think you are all wrong and this is a real going concern and will gain traction in the betting industry As for the patents we will hear soon enough the results of the appeal and don't be surprised if Bloomberg does not actually settle prior to this as the previous decision was a farce ! If I am wrong I will take all the flack you would rightly throw at me but give me some leeway until after the patent case and the floatation before you pass judgement That's all I ask I feel for all investors in this share as it truly has been a bloody nightmare I had too written of my investment but I do believe there is a big twist coming
borgny: Warwick69, I am beginning to think you are a bit naive and lost all ability of sensible reason. Asking existing shareholders, after having lost money to cough up even more cash to fund their air brained scheme should seriously ring alarm bells. They will lose investors even more money but at the same time pay themselves handsomely. Neil Riches can't help but live by his name at the expense of others. This may seem a low shot, but having seen a photo of the bloke, he certainly looks the part. Sometimes you just get a feel for these things through gut instinct. I can perfectly understand Warwick69 how you will see their dubious ploys through rose tinted glasses. This is a classic example of how the brain of a gambler works - they fail to see sense and reason despite the obvious signs before them. I wouldn't advise taking up their offer - walk away from the table now.
warwick69: Cromarty as a worldlink investor you are also a MCB shareholder and you should have just received a shareholder update all very promising
warwick69: Oh really well I do believe over the next few months we will see who the smAter investor is !!!!!!!!
jonnyone: Sorry to contact you via here but I see your an investor in Neil Richie's World of longest float ever. Me also. Are you getting response from them at all.? Seems like a complete con to me. Just wanted to catch up with any other investors to see where they are at
4laffalot: dont often beleive what the Sun says but on this occasion they are spot on ...hxxps:// 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.....
cromarty: 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: Any news on NR's latest desperate move to take more money off investors?
mobilesports: Hi All, I really pity for all the Investors who have lost the money on Worldlink and falling the next scam of Mr.Riches. Mobile sports Ltd which was founded by none other than John Weight(holds 400000 shares in My club betting) Mobile Sports was incorporated in 2007 and tasked to produce state of art technology to enable brokers/betting companies to have have a seamless mobile presence. The company suffered a major setback(of course in terms of funding) and eventually agreed to be acquired by Worldlink Plc(was trading in Frankfurt stock exchange as Worldlink LLC) in 2010. Mr. Riches, a ruthless scamster never realised the potential of the technology never saw that deal through and was very keen on floating the company in LSE.He made himself rich in the listing process by scamming most investors and never worked in the interest of investors.I have read somewhere he drives a nice Audi probably on your money. Also note that he listed the CR3 5SY. 8 Foxton close, Caretham. Zoopla lists that the property was sold in Sep 2014 for £700K. I presume mostly from your money. I might be completely wrong in predicting the success of my club betting, but the usual suspects such as Anthony Fish, Chris Brupert and Neil Riches are going to be scamming investors in innovative ways. Another thing you need to consider is . If Mr. Riches is very keen on working in the interest of investors why would he need 9 companies? Good luck
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