RE:a clearer pictureTrader124 wrote:
I did some search and found the following. The companies that do not pay royalty and those who pay little to no much.
NOT paying:
Compression general
SPCS
LAttice ( got useless shares instead)
Dove cleaners
Insight downhole
APO group
Cherebium
One UP
Westlake
Paying very little
Humble bode ( no surprise furtniture business do not make money)
Medical imaging
Clear blue
BG furniture ( i think this one filed for bankuptcy)
WatchIT( got shares of the new weed company)
The others seems to be fine for now.
I don't know much about the no paying companies so if you have any details please share.
Also some of the no paying royaltie companies stop to pay after 40% to 50% return. So it's not like they lost everything
Are you getting this info by comparing the investor presentations from Aug 17 and Feb 18? I did the same thing, looking for movement in the % paid back between June 2017 and Dec 17.
Some of the non-paying entities confuse me. They appear to remain in business but are not paying any royalties. I don't know if this is due to simple non-payment or because the royalty agreements only apply to revenues over a certain threshold. I also don't know how much of these have been written off.
- Compression General (their biggest investment) has only paid 5% back since inception. Something went terribly wrong here.
- SPCS seems to have been rolled into a new company ETO Global, which is still in business, and presumably has some revenue.
- Dove Cleaners still appears to be doing business in Toronto.
- Cherubim Builders has been rolled into a public company Cherubim Interests, which trades on the OTC market with symbol CHIT and zero market cap. Seriously weird stuff going on here. Check out their latest news for a laugh.
- Insight Downhole turned into Insight Directional Services. They have no web presence and may be out of business.
- APO Group has gone dark. I can't find any mention of them post the Grenville announcement.
- OneUp Games turned into OneUp Sports and shot for the stars before crashing and burning. Worth looking up. Quite a sordid tale of unpaid bills, failed acquisitions, lawsuits etc.
- Westlake (aka BESH Holding) has been reinvented under the name "WL Benefits Group", led by Paul Burt. Grenville filed a lawsuit against Burt and his related companies in January 2017. No news since then.
BG furniture and PFO Global are definitely in the "not paying" category. I assume the small gain in each from June to Dec is due to recovery from bankruptcy proceedings. Definitely not paying royalties as they aren't in business.
Medical Imaging Corp is now publicly listed on the OTC markets with ticker MEDD. The balance sheet is a disaster. All monies owed to Grenville appear there, and the financial statments indicate no royalties have been paid recently. So the small uptick in % paid off from June - Dec might be interest on debt, or something else.
Clear Blue is listed as a "streaming royalty". I'm not sure what that means but they haven't paid much since inception. The fact that they've raised some capital recently to facilitate a public RTO suggests things are going reasonably well, but who knows.
Humble Abode appears to be in business (website still up). I'm amazed they were granted a follow-on investment of $75k in Feb 2017.
I'd like to estimate how much of these old investments have already been written-down. But they don't make it easy.
Also, while it's encouraging that the recent investments are paying up, you would expect good visibility on revenues in the first year. Most of the legacy investments also paid up for the first year. I'd like to know how they're structuring deals differently now to mitigate the risk, if indeed they are...