Guild Esports – explaining a material uncertainty statement as it spoofs ahead of the bailout placing

Another day and another ramptastic announcement from Guild Esports (GILD). Of course it is nothing news but that is not the point. As it tried so hard to hide from investors, until I flushed it out on January 31, the company is running on vapours and needs to do a placing pronto (indeed it lied to its auditors and said one was already underway to get audit sign off) to avoid a duet with the Fat Lady.

David Beckham’s Guild Esports – is the rescue placing now underway?

You may remember that on 31 January Guild Esports (GILD) tried to hide from its shareholders the statement by its auditors that there was a material uncertainty as to its ability to pay bills as they fell due for 12 months and that a placing was now underway. As the FCA forced it to ‘fess after hours, Guild said that there would be a placing but it was not actually underway, the auditors had been misled. Wind forward…

Guild Esports & David Beckham – flagging up a few more recent lies

It has not been a good week for Guild Esports (GILD), deception and lies. Just for the record,, here are a few more that it has told:

PKF LittleJohn failing on the Guild Esports audit… an accountant writes

Last night’s 6.29 PM RNS omnishambles leaves Guild Esports (GILD) at loggerheads with its auditors PKF Littlejohn. A senior Big 4 firm accountant has written to me on PKF’s performance so far. He opines:

GOTCHA: David Beckham’s Guild Esports – now an after hours accusation that its auditors have misled investors: what a clusterfuck

The FCA duly replied to my letter explaining how Guild Esports (GILD) had mislead investors with its 7 AM Results investors. And hey presto in a not unrelated development, at 6.29 PM yesterday – aka no-one is watching O Clock – Guild was forced to issue a fess up RNS. But it was a shambles and effectively says that the auditors lied in the annual report. It just gets worse and worse.

Letter to the FCA: Directors of David Beckham’s Guild ESports have surely deceived and broken the law

I do not wish to be obsessive but yet again we find that companies on the Standard List, which is regulated by the FCA ( no sniggering at the back), as opposed to the AIM Sewer, are issuing abridged results which, as a result of highly material omission, actively deceive investors. Canadian Overseas Petroleum (COPL) is a pioneer of such deception but David Beckham’s Guild Esports (GILD) has today taken this to a new level. I have written to the FCA

SHOCKING BOMBSHELL: Here is what Guild’s auditors actually said, which surely must be in an RNS

Earlier today I suggested that Guild Esports (GILD) had published abridged annual results via an RNS to hide a material uncertainty statement by its auditors. Well I was right but it is actually far worse than that. Here is what Guild is actually hiding. It is a bombshell

David Beckham’s Naughty Guild Esports is hiding something from you all: a material uncertainty and looming bankruptcy perhaps?

Guild Esports (GILD) has today published piss poor annual results for the year to September 30 but it has not published the full notes to the accounts or the annual report and will not do so until later today and then only on its website. So what is it hiding? I suggest that its auditors may have flagged up a material uncertainty and that is what is being hidden. I have asked the company if this material omission from the results is what it is hiding but it has declined to comment. Here are the maths on how close Guild is to bankruptcy.

Guild Esports (#GILD) – FY loss £8.7m, net cash £2.7m!

Guild E-Sports – yet more management changes as this bogus David Beckham creation prepares for bailout fundraise.

So far this year 4 NEDS and the FD have departed from Guild E-Sports (GILD). Now one of the NEDs who came onboard on March 31 as others left has walked and the CEO has replaced the chump who floated this crock just over two tears ago. What next for a company now running on vapours?

Guild Esports (#GILD) – CEO Kal Hourd to leave, Chief Marketing Officer Jasmine Skee promoted to CEO

Guild eSports renegotiates £15m greedy David Beckham deal to pave way for rescue placing

The David Beckham deal with Guild eSports (GILD) always stank to high heaven as I pointed out at the time of the IPO while the deadwood press sucked the cock of the Beckham PR machine. On its IPO it raised £18 million but agreed that – irrespective of what sales it achieved – it would hand £15 million of that to Mr David Beckham in return for his work as a brand ambassador. Today, less than two years after that IPO at 5p, the deal has had to be scrapped in order to persuade investors to back a bailout fundraise to stave off bankruptcy.

Guild Esports (#GILD) – renegotiates agreement with David Beckham

Guild Esports – what of a “Statement regarding recent share price movement” from this David Beckham dog?

Having previously closed at 1.55p, shares in Guild Esports (GILD) reached 2p earlier today – and this has now seemingly forced from the company a “Statement regarding recent share price movement”.

BREAKING: What is David Beckham hiding?

Yesterday, we learned that David Gardener had left the board of struggling Guild ESports (GILD), where David Beckham’s DB Ventures is set to earn £14 million. DB invested just £250,000 in Guild - a “mates rate” price - as it signed the £14 million deal.

David Beckham ‘’e's ‘avin’ a larf – tragic finals from Guild Esports, cash burn central, Yellow Journalism at Daily Mail disgraced again!

Floated at 8p on the (sub) Standard list on 2 October 2020, football gaming shower Guild Esports (GILD) now sees its shares languishing at just 3p after the release of truly dreadful interims. The only shareholder laughing all the way to the bank is David “show me the money” Beckham.

Guild Esports (#GILD) – FY loss £8.8m, cash £10.1m

EXPOSE: Guild Esports– was a £5.5 million cash payment to David Beckham not properly recorded in the interim accounts?

On 30 June 2021, Guild Esports (GILD) published its interim financial statements for the six months ended 31 March 2021 which showed cash and cash equivalents of £15.86 million.  These interim financial statements were unaudited and unreviewed by their auditors.  However, they did state that they had been prepared in accordance with International Accounting Standard No 34. Hmmmm.

Shocking expose: David Beckham’s Guild Esports – when did it know that its biggest “guaranteed contract” was duff?

I say this is David Beckham’s company, just to remind you that Becks owns less than 5% having put in £250,000 at a fraction of the 8p IPO price just over a year ago. In return for promoting this company’s products Becks will trouser a guaranteed c£15 million over five years.  Today Guild (GILD) made a shocking admission but showing it does not give a FF about market rules today saw a shocking admission but not the full story. 

The corruption, or is it just laziness, of the deadwood press: The Daily Mail, David Beckham & AIM listed Guild Esports

The financial sections of newspapers like to have articles about celebrities as, they can use a photo and they believe that brings traffic. But when it comes to dealing with celebs either laziness or corruption kicks in. Last week I flagged up the appallingly untrue Mail on Sunday coverage of Dragon's Den star Sarah Willingham and her grossly overvalued (in part to the MOS ramp with its wrong numbers) and scandalously conflicted Nightcap (NGHT) POS company by Harriet Dennys. This week I turn to David Beckham who features in a Daily Mail article by Francesca Washtell which is also a disgrace.