Worldlink Share Discussion Threads

[warwick69] 07/10/2017 14:24

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

[cromarty] 22/9/2017 05:14

They should have read this thread for due diligence.

[cromarty] 21/9/2017 05:52

They should have read this thread for due diligence.

[cromarty] 21/9/2017 05:39

Brilliant. I wonder what the next scam will be.

[hugosamuel] 06/9/2017 12:35

Papillon deal is off. Papillon terminated MCB and "As part of the termination,
Myclubbetting has agreed to refund all costs incurred by Papillon during
the transaction process."



No news on US appeal.

[apfindley] 29/8/2017 16:22

There's obviously no profits then... Lol

[warwick69] 08/8/2017 10:14

Thanks Hugo

[hugosamuel] 02/8/2017 12:27

For those of you who wanted to know about the Bloomberg request for costs against us, Judge Sleet entered "Denied WITHOUT Prejudice" on the basis that it is not appropriate to make a decision on the merits of the costs case with the appeal still outstanding. However, it states that Bloomberg can file a renewed motion with 30 days of the appeal decision.

This is from the official US District Court decision (full document on Pacemonitor):

"...judicial economy favors a stay or dismissal without prejudice
pending Quest's appeal to the Federal Circuit."

"In view of the pending appeal, the court believes it is improvident to decide the motion at this time."

"Defendants may file a renewed motion to declare the case exceptional thirty (30) days from the date when the Court of Appeals for the Federal Circuit issues the mandate in appeal No. 17-1561."

We cannot read anything from that as the merits of the case were not in play. The court basically declined to "decide the motion" at this time. As of now, we have a decision against us but appeal is coming up soon.

At least if the cost case does come back, we won't care either way because it only comes back if the original decision by the US District Court is upheld which means we have lost anyway. If the appeal is successful, we get put back into the Trial by Jury process.

[warwick69] 26/7/2017 07:07

Guys, I was told a long time ago that when My Club Betting (they used to be known as The Betting Service but rebranded) acquired the assets of Worldlink, they gave Worldlink shareholders 20% of the company. They also give 20% of any patent proceeds from the US patent either litigation or licensing revenues if it was ever successful – hopefully we will hear soon on that. Worldlink is currently suspended on the London Stock Exchange but it is in liquidation. The directors of My Club Betting keep in constant touch with Opus so that if the patent was successful, Worldlink is given the opportunity to come out of liquidation and then become 'unsuspended'. They will get it trading again if the patent works. Apparently they know how to do it, who will do it and what it will cost. This will be a first for an LSE company too. Believe me now? I guess you guys are hoping that the appeal will fail. Click on the below link if you don't believe me. http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B3P21X12GBGBXSSX3.html?lang=en

[still waiting] 25/7/2017 16:41

At least the liquidators can kiss goodbye to £50k if the patents bring in nil.

Latest report recently filed.

[warwick69] 25/7/2017 16:15

Yes there is hope yet only be five years in suspension got to be. Record if this ever comes back !!!

[still waiting] 25/7/2017 14:17

Thanks Warwick, much appreciated.

[warwick69] 25/7/2017 08:24

More news from myclub Dragons.bet 25.07.2017 Dear Shareholder, There is a lot happening at the moment, and whilst I won't burden you every week with emails, I did think this was important enough to warrant a quick update after my letter last week concerning the Open Golf. I am delighted to be able to inform you that on Friday last week the Wales Rugby League (WRL) team launched their new shirts for the Rugby League World Cup featuring their betting website Dragons.bet provided by us. You may recall that we set out to help Wales Rugby League by sponsoring them, helping them find sponsors and creating a betting site which leaves them with a legacy that lasts well beyond the October World Cup in Australia. With the launch of the new shirt and the betting site we have done everything we said we would and they are delighted. It was exciting to see this all come to fruition and Wales are the only World Cup team that has a main betting sponsor, so it is quite a coup. This deal was put together many years ago anticipating this impending success when many people thought that they would not qualify for this year's World Cup having underperformed in England in the last World Cup, after getting knocked out very early. John Kear the team coach highlighted how professional the WRL were and how good it was to work with a sponsor who was here for the "long haul" and the key players, shown in the pictures, who are all Rugby League stars, were very giving with their time to the many press assembled. Our job now is to create a large number of bettors within Dragons.bet to really help Wales and of course it helps us as well. So we will be starting a large marketing campaign across Wales Rugby League clubs to explain just how the clubs and supporters can get behind their team by opening a betting account with Dragons.bet. Incidentally, as I know many of you are very well connected, if you feel you know someone who is associated with Wales Rugby League don't hesitate to email or call me. Marketing is all about contacts. We are now looking forward to the start of the new Football season and the flurry of betting activity that it creates, so I will update you again in the week before that season starts. We are hoping to have more to tell you shortly about the Patent and I know we are all very keen to see the right result to give us a really strong position in the market.I do hope you find this interesting and reasons for even further optimism in your company. Kind Regards, - Stephen WundkeChief Executive Officer

[warwick69] 20/7/2017 16:59

Hi Hugo I do believe the patent news will be imminent!!

[hugosamuel] 20/7/2017 16:05

Who attacked who Warwick?I think you'll find it was us that sued them and them that said they do not infringe and a Court that agreed with them.It was worth a shot though but they certainly did not attack us. I imagine they view us as patent trolls.The betting thing has never been my interest, I liked the idea of our patent more. However, we have been going on about the club betting thing in some way since 2012 with Ryman, Whyteleafe etc and had a clear run at it but don't seem to have much revenue yet many millions of debt at MCB already.I'm still day dreaming about our Quest appeal being successful!

[warwick69] 19/7/2017 19:45

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

[apfindley] 19/7/2017 16:50

I wont be taking up any offer. Period. If bets ever goes ahead, I will see those shares as a token to what has beenost through worldlink grp. As for worldlink itself, there remains only the feintest of hope that the patebts and legal case may by some weird turn of events, ever bring compensation. For me, it's written off, anything at all back is unlikely. But I will use it for a pint or 2 if ever I can salvage anything from the carnage.

[scamper] 19/7/2017 10:30

I wonder if there's any substance to all this ?

[cromarty] 19/7/2017 07:52

Long and difficult saga for Neil Riches///////??????????? Warwick you really are delusional.
Every time he runs out of money he has a rights issue or floats another company. Grow up.

[borgny] 19/7/2017 07:10

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.