I thought they were going to have cash flowing by now? Rivers of gold- well green or oil or powder at least??
Well I guess when a company is so IMO high risk they have to enter IMO high cost financing conditional arrangements. You offer convertibles which on the surface are not horrific but then the catch is that you bonus 45 million options!!! Thing is it adds nothing to market pressure on the price for the average punter and no one other than the 2 parties know the hurdles involved and what of them will be announced if they are met or not. Middle east is a odd market to do business in and there are whole groups of "introducers"who take a fee or a punt and lock up a technology or idea and then go market and onsell that idea. It is all about finding a quality introducer and a non corrupted one as the market over there and state controls are a nightmare. I like when companies are actually dealing directly with a state department as there is usually a process once it get to that level.
I don't like mystery sophs without knowing track record ???
No idea if this investor is a bees knees with good contacts or just a swamp dweller??
Is it caymans isl registered shell? or .......Uk ??? USA based and registered or aussie reg but offering USD who only knows?? Shell set up just for this deal or below??
these Company Overview
About 707 Holdings Ltd
707 HOLDINGS LIMITED was founded on 2013-03-08 and has its registered office in Otley. The organisation's status is listed as "Active". 707 Holdings Limited is a Private Limited Company registered in with Companies House and the accounts submission requirement is categorised as TOTAL EXEMPTION SMALL
Annual turnover is £6.5 million or less
The balance sheet total is £ 3.26 million or less
Employs 50 or less employees
Company is exempt from audit
Key Data
Company Name
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707 HOLDINGS LIMITED
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Legal Registered Office
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COURTYARD WEST WHARFEBANK HOUSE WHARFEBANK BUSINESS CENTRE ILKLEY ROAD OTLEY WEST YORKSHIRE LS21 3JP Other companies in LS21
MRS EMMA LOUISE DUTTON is a Director from Barrow-Upon-Humber South Humberside. This person was born in January 1975, which was over 42 years ago. MRS EMMA LOUISE DUTTON is British and resident in United Kingdom. This company officer is, or was, associated with 11 Companies.
Their most recent appointment, in our records, was to DW PROPERTY PARTNERSHIP LTD on 2015-09-09. Address
New Green Farm, Marsh Lane, Barrow Haven, Marsh Lane
Barrow Haven
Barrow-Upon-Humber
South Humberside
DN19 7ES
England Map Company Appointments - Current and Previous
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