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Agreed, Pleeb. Some of us (probably the mostly silent majority) who check in on this Board appreciate the any DD, and we are perfectly capable of gauging the value of it ourselves without help from the special interests, whose opinions are well-established and frequently articulated here. Thanks 63.
Wick - I absolutely believe that, but the current reality is that because Peacock is the sole director for Green Globe Limited and because Bauer's agreement for the use of the brand was made with GGII/Peacock, Bauer is still in business with Peacock, even after the license was passed off to Green Globe Limited. Bauer's payments are going nowhere else and he does not have a "special" deal. It's always productive to keep an eye on who is making money off these arrangements, and there are plenty of them here. Who knows what private side deals are being struck and who is being personally enriched? I make no accusations, just stick with the facts, but I do believe in the old adage: follow the money. JMO
Wick - you may disagree, but the fact is that Bauer still pays his royalty fees to Green Globe Limited, which is the same as paying to GGII at this point. The "special deal" that Green Globe Asia Pacific has is because they basically own the Green Globe in the Asia Pacific and can operate around the world through an long-term agreement that predates GGII acquiring the brand. Bauer does not have the same power and is therefore still in business with GGII. I do not disagree with your take on the DTC issue, which is why the market for GGII stock is dead unless anything changes. JMO
Yes "Dude" I do tend to focus on the facts, and you still have not shown any facts that refute how deeply involved all of these characters are with one another. Makes me think, along with your "breaking" news that you are involved with one of these cronies who, along with Peacock, has made money on the back of investors. So, again, feel free to go back to the original point about how Bauer, Cox, etc. are still paying money directly for Peacock for use of the brand. That was the post and nothing you have said has effectively refuted that assertion. By the way, lawsuits between thieves never surprise me....they all eventually turn on one another. I'm just looking forward to the scrutiny and discolsure that will follow.
Oh, yes, call the board monitor a Peacock crony! This is why you have no credibility. The real Peacock cronies are the ones that have enabled him along the way, from Jeffrey Lippman (oh, wait, Geoffrey!) and his boys who handed control of the brand over for some unknown compensation, to Guido Bauer and Brad Cox, who strike an arrangement with their private company to use the brand and pay him for the pleasure (probably keeping him afloat), to Doug Smith of Village Green who accepted over $230,000 for his own company while he sat on the GGII BOD (was there a side deal there too?). Anyone who lost money here should want to see them all exposed. The depositions should be interesting anyway.
All IMO, of course!
Ships, Please feel free to provide any contrary evidence. The fact is that the Green Globe brand is owned by Green Globe Limited and Peacock is the sole Director of that company. As a result, Guido still cuts the certification royalty check to Peacock. This has been verified by the London based IP legal firm that represents Green Globe Limited, but if you have contrary information, please post. Rest assured, I have been monitoring this company far longer than you have - way back to the GTREX days.
Wrong, Wick. Guido is still paying Peacock the percentage for his use of the brand. The license was transferred to Green Globe Limited, the British company, and Peacock is its only Director. It is the same crew still working together: Peacock, Guido Bauer, Brad Cox...I'd be surprised if Berlandier wasn't still lurking here somewhere.
EarnestDD - If it is not clear yet, my answer was simply directed to the question about the percentage that the GGII/Green Globe Limited receives from each certification that was done, not a defense of the lack of profitability of GGII. The license revenue cut is, in my view, a legitimate question since anyone who knows how to monitor news can see that Bauer and Cox are announcing new certifications/renewals. Looking at the same financials that the license revenues are listed, you can see all of the operating expense categories that are listed by GGII, which I would assume are unrelated to the certification program. Those would likely be borne by the certification company, at least in most standard licensee arrangements.
Wickw50 - Based on the license revenue number, I would say that it can't be more than 10%, assuming Bauer's reporting of new clients/renewals are at all accurate. I always assumed it was a small number since the licensee has to do all the work.
Wickw50 - I don't see anyone denying the dilution and management issues. MAX's question appeared to be a serious attempt to get get clarity on the percentage of each certification that goes to GGII/Green Globe Limited and that is what I was addressing. If there are ever more exciting topics to address here, I'm sure they will be brought up.
Wickw50 - It is always good to skeptical, and as you note, that is your opinion, but since certification is clearly doing business and the certification company has acknowledged a license agreement for use of the brand, it makes sense that there is revenue, however modest, being produced from the certification activity. That appears to be what MAX was asking about. Good luck to you as well.
Wickw50 - The licensing revenue shown on the GGII fiancial statements, which looks like about 100K for each of the last 2 reported quarters, has to be coming from certification. There does not seem to be any other Green Globe program actively doing business. Peacock is listed as the only current director for Green Globe Limited, so whether or not GGII paid for the 88%, they seem to have it, at least for now. I am also interested in the actual percentage for use of the license and number of businesses being certified, since that seems to be GGII's only way to generate revenue from actual business operations.
Wickw50 - With an 88% ownership, the fee goes to GGII and is included on the consolidated balance sheet. Would be nice to have a the percentage (think it was in the 10-20% range) and know how many certifications GGC is doing this year.
Bickel was involved with GTREX several years ago, back when I first invested. There's been a lot of possibly interesting developments, with some of the principals seeming to break from the group, either by their choice or forced out. Could make for some interesting testimony down the read. And no, it was not James Bickel on the phone. He is an old-timer (I saw him at a GTREX presentation when I was first introduced to the company). This is a young guy, who knew nothing beyond what the PRs had said.
That is without a doubt a possibility. The bottom line is that Peacock is still in charge, seemingly moreso than ever. It would be interesting if he was the last rat on the sinking ship. Having disgruntled "partners" can make any future investigations more fruitful for the investigators. Nerison seems to have been pushed out, and not in a real friendly way, so it makes one wonder...
Just trying to figure out who's still involved here. Peacock, obviously. Nerison got booted, no sign of McCoy, Traveler, new IR guy, and the brand scammers are all running their own scams and not invlved with GGII. Maybe he has a new pump and dump crew?
Anyone heard from or about Peacock’s stock promo/trading guy – think his name is Fisher – lately? He was in on all the Peacock plays a while ago. Would be interesting to find out what he knows. Just another layer of the Peacock onion.
Just called, spoke to IR, a guy named James. Nothing new, just the same as the PRs: Negotiating on brand, etc.
Wick...you may be right, but since all of "they" (public co - Peacock - and brand people - Lipman, Cox, Bauer, etc.) have been quoted, both by the public co. and in tourism press referring to GGII's ownership of the brand, that seems to have been the consensus at one time. My concern, as it always has been, is what the public co. is going to have now, and there appears no doubt that it will NOT be majority ownership of the brand. And that will, of course, returns us to the question of what will the public company by from this point forward. Not the brand clearly, so what then?
There are supporters? EOM
It seems clear they are trying to get out from under the Green Globe brand, maybe for that reason and that the brand has not generated revenues for any of the licensees in any market: EC3 clowns, Bauer and Cox clowns, Lipman and his boys. The question still seems to be: What is next for the public company?
Since you are having these conversations with the brand owners and posting non-public information here (interesting practice), can you inquire as to why no one associated with the brand, from the old-timers (Lipman, etc.) to the new breed (Guido Bauer, Bradley Cox) have ever been able to generate significant, consistent revenues from this brand? They've had it for years, decades in some cases. Is it just the lack of business competence from those listed above or is there a flaw inherent to the brand that makes this impossible?
Oh, and also ask if they've gotten any hints about what the public company crooks are going to be doing with the shell.
When you get some answers, please post more of this non-public information here. It's just an internet chat board....I'm sure no one else is reading this.
Can you provide the link to this information? Where did you see it? Or is it more of the mysterious never-disclosed behind-the-scenes machinations we always here to much about?
This reads like a Green Globe press release. Preparing? Have they filed a complaint or not? Do they intend, expect, plan and anticipate as well?
There are clearly two sides of this: Control of the public company and control of the current assets, the Green Globe brand, and program (assuming any of that mess can be considered an asset). Without control of the brand, which would continue to do what little it does with the people who will control it. From a shareholder perspective, it will be interesting to see what becomes of the public company. Will it become a shell for an entirely unrelated deal or...
Sounds great, but sadly for most shareholders their investment will likely be gone, no matter what action is taken. That's the pattern with these companies. Stockholders are left warning others, but plenty still step up to buy into the next hyped deal. The public company becomes a shell, worth maybe 100K to a buyer who vends in a private company and along comes a massive reverse and a new set of characters. Hope we can avoid that here, but isn't looking good.
I'd settle for a post-Peacock bounce...but that isn't looking likely.
Wick, you may be right, but someone here sure seems to be setting the table for two "industry experts" and they better not be from the existing and previous Green Globe trough, since creating a revenue generating business model is not on their resume. This needs a public company caliber CEO with SUCCESSFUL operations experience in the Green space. These tourism clowns are worthless and won't help the PPS
Mozart – I wonder where you get your information, since we have certainly seen nothing like that announced, but hope you are right about new management. These two “industry experts” better not be any of old management or any of the old Green Globe crew: Lipman, Bauer, Brad Cox, Ron Lindsay, any of the EC3 gang, etc., since that bunch could never successfully monetize the brand, at least not to the point that it would impact shareholders. If it is someone who has documented success (you know, like revenues), we’ll all be looking forward to it. If it is any of that crew, it will be more of the same: promises, no results. IMO
Our old GRXI (now GGII) sure looks busy today