Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Challenger Acquisitions - this will be a slow motion car crash

By Cynical Bear

10 January 2016 02:13

More:

Challenger Acquisitions (CHAL) was always going to be a car-crash in slow motion. The IPO on 19 February 2015 raised £1.1 million with significant support from Yorkville Advisors so Challenger started life as a public company with a 30% overhang. It then funded its first acquisition, the investment in the New York Wheel, via £3 million of relatively short-term convertible debt – there was clearly potential for death spiral funding to come.

Already a member? Sign in

Sorry, you have no more free pages.

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

D_Stone

10 January 2016, 04:22

Nice to see some focus on the quality or should that be lack of quality in the management.
Mr Gustafson added to blacklist of executives to avoid.
paul

10 January 2016, 04:52

Try putting your real name to the story fella, might give you some credibility.
Mark

10 January 2016, 06:55

Posting under an alias is quite frankly Amateurish and brings questions as to why your afraid to put your name to this article, on top, the position of stock statement at top means nothing with an anonymous post such as this one and should be banned. Come on then! Who are ya!
Tom Winnifrith

10 January 2016, 07:01

Mark

His professional position requires the use of an alias. I know who he is and I regard the copy as strong enough to merit a place on this website.Sadly, unless you have bought SP and not told me you are unable to demand that he “out” himself.

Id like to see a lot more material like this as it flags up really very important questions. I am just working out who will make space for this sort of thing :)

T
adstrader

10 January 2016, 08:01

Seems like a well researched article to me. This is the impression of the company I got when I red the prospectus. There are plenty of red flags there.
Mark

10 January 2016, 10:46

Tom, no denying to merit of the piece, or this website tbo, but it does seem rather strange that the author has to hide his identity, if he or she is in a position of trust and cannot be named, maybe they shouldn’t write the article and simply forward any views for someone to add and plaigerise, as it has caused a good few comments on the twitter this anon posting on this site, not bitter as not involved with chal, just a point I think should be mentioned, especially regards the holding position statement at the top, how can that be verified without an authors name, a valid point don’t u think? Keep up the good work all the same.