It looks as though the fun is finally over at Cynical Bear’s favourite, Mark Gustafson’s Standard-listed Challeneger Acquisitions (CHAL) for this morning the shares in the carcass of failed Big Wheels were suspended pending an RTO. Quite what Cindrigo Energy thinks it is doing taking on up to £560,000 of Challenger’s creditors and overheads, plus the costs of the RTO I am less sure of.
Cynical Bear had a great run following the shenanigans at Standard-Listed Challenger Acquisitions (CHAL) as it failed to see its ‘wonder-investment’ in the New York Wheel generate anything other than massive losses and red faces all round. But things seem to have taken a turn for the better - at least in entertainment terms - following the arrival of that fine duo of Jonathan Tidswell and - perhaps Lucky Lord this time - George Lucan. If only the balance sheet wasn’t such a mess……
Well surprise, surprise – Cynical Bear was right! Standard-list posterboy Challenger Acquisitions (CHAL) reported its FY18 results last night at 5.24pm, hoping that nobody was looking. Unfortunately for its CEO, ShareProphets was watching and the numbers are absolutely dire. With net current liabilities of £3.2 million, it has a mountain to climb...
Late last month-announced half-year results from Challenger Acquisitions (CHAL) included “management continues to believe that the New York Wheel developers are motivated to complete this project”. Today a “New York Wheel Update”…
I don’t write as often about my Sub-Standard Shockers XI as monthly updates saying that nothing much has happened and most of them remain in suspension is pretty dull; however, with 30 April being a crucial day in many of their calendars I thought I would do a quick review of some of the drivel emanating from these Standard Listed entities.
Like the AIM Market itself, there are aways an array of losers to choose from in the Bulletin Board Moron of the week. Well actualy (TW here) that is yet more fake news from Darren. It really is time to fire him again and so he can go make up stories with his fellow Trump hating money tree worshippers at The Guardian or the BBC. There were only two entries last week. Come on folks surely you can supply more this week? Tell you what i shall offer a prize. Anyhow last week's winner was:
There were some good nominations this week, but our winner is a new face. I'll let FormationOfDamnation explain his nominee, TaffEvans on the CHAL board on the LSE Asylum He notes: The gold medal has to go to TaffEvans though, for this intraday Damascene conversion on Tuesday...
I’ve been keeping my powder dry on Challenger Acquisitions (CHAL) in recent weeks despite the rampfest extraordinaire going on in all the usual places. However, the two RNS’s yesterday have got me banging at my keyboard as it highlights the shoddy behaviour going on. It’s clear who the CEO, Mark Gustafson, is really working for here, namely the death spiral funders backing this piece of crap.
Not that Challenger Acquisitions (CHAL) has bothered with an RNS but the wheels are literally falling off here with disastrous news pertaining to its only real asset, the New York Wheel. If you haven’t got out already I suggest you do so now and save a few pennies while you can.
