- Nov 25, 1999Yes, I am still subscribing to the list. I have been quiet because of
the demands of liquidating Chart International Limited and
establishing Playing Games Limited.
The flotation of Chart International Group plc failed to achieve the
minimum subscription so we had to return the monies that were
received. Without the cash injection, Chart International Limited
lacked the capital to continue its distribution business and the
directors chose to put it into voluntary liquidation.
I bought the three new companies that CIG had formed to
implement its plans and I assumed their liabilities. Their only
assets were agreements to buy three shops.
I also bought the business of SFC Press and assumed its liabilities
for pre-paid magazine subscriptions and event fees to ensure that
G3 subscribers, Midcon registrees and Furrytales registrees got
what they paid for. Carol continues to produce the magazine and,
as you all know, Midcon took place normally. SFC Press is now
incorporated as SFC Press Limited, a wholly-owned subsidiary of
Playing Games Limited.
Playing Games Limited also owns Playing Games Retail Limited,
which holds the three shop agreements. Maurice Criddle is the
Managing Director of PGRL and we bought The Guardroom shop in
Dunstable on Monday. We complete the purchase of Not Just
Stamps in High Wycombe on Wednesday and expect to complete
Playin' Games in London WC1 in January.
I made a private offer of shares in Playing Games Limited to some
potential investors and the company is now owned by 40 gamers.
Chart Hobby Distributors Limited (which I also own) is currently
dormant and is not trading with any shops so we have no
mechanism to distribute leaflets to shops, except through the
magazine (which already includes an advert).
The Guardroom and Not Just Stamps will both take leaflets to
distribute to customers.
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