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Takeover Thread - July 1st statement, Staveley letter to Tracey Crouch (and response) in OP

Yorkie

by Yorkie
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wormy

wormy

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Posted

What a weird joy to derive from something/someone. Small time as fuck.

 

He wants nothing to do with us and I cannot wait to be done with him.

 

We’re so close.

 

This has so little to do with Mike Ashley now.

 

I'll take what I can get man. Seeing as we're stuck with him yet again. Really just fed up with it all tbh.

 

:thup: Don't really see how it's small time unless we're saying we want the takeovers to fail just to spite Ashley. None of us want this nonsense, but to know after 13 years of making our fans suffer that he's now suffering as well leaves me with a certain amount of schadenfreude and I've no shame in admitting that.

 

This particular takeover fucking up might have little to do with Ashley in terms of where fault lies, but the fact is he's still our owner, so it's still heavily to do with him until that day is no more.

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wormy

wormy

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Said this many times, but I don’t get Ashley’s strategy of buying further into a failing sector.

 

I have absolutely no facts or figures to back it up but I dare say it just shows him to be the one trick pony he is. Built up SD on a foundation of tat and bully tactics and never looked back. Seems to want to prove the country wrong and that he can save the High St even though he doesn't appear to have a plan for it outside of taking on well-known brands and stuffing their premises to the brim with Lee Cooper jeans and Lonsdale sliders.

 

Have any of the companies he's swallowed up actually improved under his watch?

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TRon

TRon

Posted
Posted

What a weird joy to derive from something/someone. Small time as fuck.

 

He wants nothing to do with us and I cannot wait to be done with him.

 

We’re so close.

 

This has so little to do with Mike Ashley now.

 

Well apart from the fact he is still the owner until we actually get a serious bid from someone other than PIF. I suppose we could do a Luke Edwards and look for silver linings with a Stevie Bruce led team in the meantime.

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Happinesstan

Happinesstan

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Said this many times, but I don’t get Ashley’s strategy of buying further into a failing sector.

 

Depends what happens to the properties when the high street fails. If they become residential properties there is a killing to be made. It will be just like the docklands, but without the interceding years of waste.

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gjohnson

gjohnson

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Is that £12.7m from little over a grand?! :lol:

 

255 grand by my reading.  Wouldn't be crying myself to sleep if i had that kind of return though. Nearly 13million from 250K. 49 fold return, and that doesn't show the ones he lost on. Certainly wouldn't be going to work if i could pull those kind of bets off, even at a 10th of the scale

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wormy

wormy

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255 grand by my reading.  Wouldn't be crying myself to sleep if i had that kind of return though. Nearly 13million from 250K. 49 fold return, and that doesn't show the ones he lost on. Certainly wouldn't be going to work if i could pull those kind of bets off, even at a 10th of the scale

 

Looks like he managed to make the £255,000 that he staked from initial deposits of just £1,200 though.

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wormy

wormy

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Clarity?

 

Leave poor Stevie alone. Who cares about the thousands of fans that want clarity when he's got his? He doesn't have to worry about getting canned for at least a few more months. That's what's important.

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Armchair Pundit

Armchair Pundit

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255 grand by my reading.  Wouldn't be crying myself to sleep if i had that kind of return though. Nearly 13million from 250K. 49 fold return, and that doesn't show the ones he lost on. Certainly wouldn't be going to work if i could pull those kind of bets off, even at a 10th of the scale

 

Looks like he managed to make the £255,000 that he staked from initial deposits of just £1,200 though.

 

Probably a lot easier to win on sports betting when you can sway the outcome or know someone else who can... allegedly

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Greg

Greg

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I can only assume that screenshot is doctored, because there's not a bookmaker in the world wouldn't just close his account long before he got to £13m.

 

He claimed it is winnings from online poker on the site but it wouldn't surprise me - read there were a few fake emails from lawyers etc. leaked at the time.

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cosmic

cosmic

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Felicia Tan Published on Mon, Aug 24, 2020 / 11:11 AM GMT+8 / Updated 7 hours ago

 

Axington shares drop 20% following admission of doctored Obama photos by company in Newcastle United takeover bid

 

Shares in management consulting company Axington Inc fell 20% to 18 cents as at 9.40am.

 

The Catalist-listed company was bought over by former investment bankers and cousins Nelson Loh and Terence Loh in June 2020.

 

The Loh cousins were in the news on August 16 for attempting to take over English football club, Newcastle United, through the Bellagraph Nova (BN) Group.

 

The BN Group came about through the merger between the Lohs’ Dorr Group and Evangeline Shen’s Bellagraph Group in June.

 

On August 22, the cousins made headlines again after the BN Group admitted to altering photos of former US President Barack Obama to make them look as if they met in a meeting in Paris, France.

 

According to Reuters, there was no company by the name of Bellagraph Nova Group that has been registered in France, according to official online records. The company was not at its given address at 10 Place Vendome either.

 

The BN Group also said that Hydra X -- a financial technology firm -- is one of its entities and is implementing a trading system for the Singapore Exchange (SGX). When contacted, Hydra X denied both claims. The SGX has also denied the claims.

 

Axington Inc, which was formerly known as Axcelasia till April this year, announced a proposed renounceable non-underwritten rights issue to raise some $9.4 million through 95.2 million new ordinary shares at an issue price of 10 cents for each rights share on July 28.

 

Axington Inc also intends to change its name to NETX Inc, as well as its core business to the provision of medical and consumer wellness services, as well as making investments in medical technology, robotics, and artificial intelligence (AI) in the medical and consumer wellness space.

 

An EGM will be held on Thursday for shareholders to vote on these proposals.

 

Shares in Axington Inc rose by 21.05% to 23 cents on August 20.

 

Previously, prices grew by 11.76% to 19 cents from July 8 to August 19 following a-month-long trading suspension, as the company undertakes a compliance placement to meet listing requirements.

 

The shares last traded at 17 cents.

 

Nelson and Terence Loh are also owners of the Singapore-based Novena Global Lifecare group, which provides medical and aesthetic services.

 

The cousins chose not to go ahead with their plans for a Taiwan IPO for the group, and instead, sought investors from China instead.

 

Since then, Novena Global Lifecare has attracted notable Chinese investors including Shunwei Capital, Sinovation Ventures, and the state-owned Sinopharm Group.

 

Shunwei Capital and Sinovation Ventures are co-founded by Xiaomi co-founder Lei Jun and former Google China president Kai-Fu Lee respectively.

 

As at 11.36am, shares in Axington Inc are still trading 4.5 cents lower, or 20% down, at 18 cents.

https://www.theedgesingapore.com/news/company-news/axington-shares-drop-20-following-admission-doctored-obama-photos-company

 

 

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