I want to use this thread to present the key findings of going through recent Wayland news releases. Everything shown here is public accessible. I have no intention to accuse someone of fraud or something like this, just asking questions ....
Feb 20 2019: Wayland Group Provides Corporate Update
I do not want to speak about the well below average generated revenues nor the revenue forecasts. Just as a side note: Ben had a forecast of ~ $15,000,000 for Q4 2018 (October – December 2018). The corporate update states $1,305,033 for Q4 2018 (< 10 percentage of the forecast). In addition, you cannot whitewash the 480% increase to the previous quarter.
“Wayland has also entered into an agreement to obtain additional funds to support the expansion of the Company’s global footprint and fund development of its flagship Langton facility. This agreement is with certain investment funds managed by Alpha Blue Ocean Inc. (“Alpha Blue”) a money manager based in London, United Kingdom with a strong track record of partnering with public companies and delivering meaningful value to their shareholders.”
Founder and CEO of Alpha Blue Ocean Inc. is Pierre Vannineuse (https://www.linkedin.com/in/piervan/
Ok let’s have a look at their strong track record:
JUN 21 2018
QuickCool AB (Publ) ("QuickCool" or the "Company") has entered into a financing agreement with European High Growth Opportunities Securitization Fund through its financial advisor Alpha Blue Ocean Inc.
See performance since financing: https://i.imgur.com/j7HxzPk.png
MAR 28 2018: CybAero and European High Growth Opportunities Securitization Fund (“EHGO”), advised by Alpha Blue Ocean Advisors Ltd, member of the Alpha Blue Ocean Investment Group (“ABO”), has now signed an agreement regarding a financing solution of up to SEK 52.5 million in the form of thirteen convertible loans, the first loan of SEK 4.5 million and the following twelve loans each of SEK 4 million.
Seriously? Just 3 months later:
June 22 2018: Sweden’s largest military drone maker files for bankruptcy
“CybAero had provisionally negotiated a financing solution with the Luxembourg-based European High Growth Opportunities Securitization Fund, or EHGO, to raise $6 million in the form of 13 convertible loans. The EHGO had hired the London-based Alpha Blue Ocean Advisors to mediate a deal. The first tranche in this solution involved a bridge loan amounting to $227,000.
Nasdaq First North rejected this first tranche arrangement and insisted that, in order for trading in its share to resume, CybAero needed to place a minimum of $114,000 in escrow on a authorized bank account. Moreover, Nasdaq First North launched an investigation to determine if the negotiated financing solution violated stock exchange rules.”
Also see: https://simplywall.st/stocks/se/capital-goods/sto-cba/cybaero-shares/news/will-you-be-burnt-by-cybaero-abs-stocba-cash-burn/
Feb 20 2018: MOLOGEN AG enters into financing agreement with Alpha Blue Ocean's European High Growth Opportunities Securitization Fund
See performance since financing: https://i.imgur.com/JXVJ7yq.png
19 March 2018: Cereno Scientific enters into a financing agreement with European High Growth Opportunities Securitization Fund through its advisor Alpha Blue Ocean
See performance since financing: https://i.imgur.com/CS7rq5y.png
10 Jan 2018: FIT Biotech's EUR 10 million financing agreements' share loan and first part of commitment fee related shares have been handed over today to Alpha Blue Ocean
See performance since financing: https://i.imgur.com/N0XhSQp.png
FIT Biotech Oy Company release 20.02.2019 at 14:30 EET
Liquidity crisis, request for a tranche and changes to financial calendar and date of the Annual General Meeting
Despite the financing agreement in force, Alpha Blue Ocean (”ABO”) has not paid tranches envisaged by the agreement since 12 November 2018. This has resulted in a liquidity crisis in FIT Biotech Oy (”Company”). The Company has today filed a latest request for a tranche with ABO. Unless ABO pays this tranche by 22 February 2019, Company will have to file for bankruptcy.
I think you are able to recognize the pattern. However the best is yet to come. Just google “alpha blue ocean death spiral”. Same type of financing for Element ASA – a Norwegian based mining company.
“The Induct Manager will demand a million dollar compensation from the "Death Spiral Mortgage Company" Alpha Blue Ocean Stock Exchange and Finance”
Why Would a Company Want Death Spiral Financing?
“A company that seeks death spiral financing basically has no other option to raise money to survive.”
Biotech Firms Run Away After Industry Party With Topless Dancers
Haha … Sean?
Also have a look after Pierre Vannineuse other investing company Bracknor IG. I did not check, but it possibly has a similar track record.
I could go on like this, but I think you got it. So this means “strong track record and delivering meaningful value to their shareholders.” for Ben?
Next news release:
Feb. 07, 2019: Wayland Group Receives EU-GMP Certification for German Facility
“Wayland Group is pleased to announce that it has received both Good Manufacturing Practices and Good Distribution Practices certifications from the national authority in the State of Saxony for the Company’s Ebersbach facility in Germany.”
Welcome to EudraGMDP EudraGMDP is the name for the Union database referred to in article 111(6) of Directive 2001/83/EC and article 80(6) of Directive 2001/82/EC. It contains the following information:
· Manufacturing and import authorisations
· Good Manufacturing Practice (GMP) certificates.
· Statements of non-compliance with GMP
· GMP inspection planning in third countries
SCOPE OF AUTHORISATION
Name and address of the site : Maricann GmbH, Moritzburger Weg 1, Ebersbach OT Naunhof, Sachsen, 01561, Germany
Human Medicinal Products
IMPORTATION OF MEDICINAL PRODUCTS (according to part 2)
Part 2 - IMPORTATION OF MEDICINAL PRODUCTS
2.3 Other importation activities
2.3.1 Site of physical importation
2.3.2 Importation of intermediate which undergoes further processing
But where is the GMP certificate? Latest GMP certificates for Germany:
Just for their facility in Canada. Maybe the missing of the announced GMP certificate is because of the german tender process. Maybe not, who knows …
“These certifications provide Wayland with the foundation to start selling product into the lucrative German and other developing European markets …”
Oh really? Not in my view …
Next news release:
Jan. 31, 2019: Wayland Group Comments on Recent Promotional Market Activity
“Since September 1, 2017 the Company has engaged MJM Markets and Consulting (Toronto, Canada; Follow The Money Investor Group, o/a 2632436 Ontario Limited (Toronto, Canada); Harbor Access LLC (NY, USA); Investing News Network; M. Davis & Associates Capital Inc (Vancouver, Canada); ERPR AS (Oslo, Norway); BlackX GmbH (Germany); Tycona Media (Vancouver, Canada); DiePRBerator (Germany); Global Financial Network (Toronto, Canada), and Prosdocimi (London, UK) at various times to provide investor relations services, public relations services, marketing, native advertising or other related services including the promotion of the Company, its business and/or its securities.”
Really? What is your business model @ Wayland?!
Just to give you one example:
BlackX GmbH received 1,300,000 shares (each $1.50 = $1,950,000) for the creation/translation of pump articles. See: https://webfiles.thecse.com/CSE_Form_9_-_Notice_of_Issuance_of_Securities_BlackX_12Nov2018.pdf?4gdPoHHl03IN_5qafloB2.0FP4zHeqYb
For what exactly? Example: https://www.dgap.de/dgap/News/dgap_media/maricann-group-inc-mit-volldampf-die-zukunft-ceo-ben-ward-gibt-ausblick-ueber-hervorragende-entwicklung-der-wayland-group/?newsID=1110809
A template lacking in content with share price predictions of 3 to 5 Euro (4.5 – 7.5 CAD).
Next news release:
Jan 30 2019: Wayland Group Corporation: European Cannabis Giant Wayland is said to be in advanced talks to purchase and re-open the Voss Water bottling plant in Norway
The not named London based Norwegian investor in the last paragraph is probably Lars Christian Beitnes (also mentioned in the second paragraph). After reading his name in a Wayland press release again, I got excited. Again? Yes, I have done some DD about Beitnes when Wayland announced the first Malta LOI with Medican Holdings (USD$10.1MM for a recently created shell company in Malta) - see: https://www.newcannabisventures.com/maricann-to-pay-10-million-to-acquire-malta-licensed-cannabis-producer-medican-holdings/
I was glad when Malta Enterprise terminated this LOI “Malta Enterprise then contacted Maricann to request the Company make its own application, as their preference was to work through Maricann rather than Medican.“ – see: https://www.newcannabisventures.com/maricann-to-pursue-malta-medical-cannabis-license-independently/
Why am I shocked to see the name Beitnes and Wayland in a press release?
In my view Beitnes is far away from being a person you should do deals with. He is being accused to be part of several frauds/scams in the past/present and recently left as a Chairmen of Element ASA – see: https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862
Element ASA … wait … yea the norwegian based mining company who is the victim of the death spiral financing by Alpha Blue Ocean Inc.!!!
There is a long thread about him in a Norwegian stock community with everything mentioned why you should avoid him – see: https://forum.hegnar.no/thread/16282/view/0/0?page=1
Because of the length of the thread, see some highlights:
- Allegation of forex scam AstonMarkets / AstonForex - see: https://www.forexpeacearmy.com/forex-reviews/10709/www.astonmarkets.com?page=1&per-page=10
- Breach of contract Oxxy Group PLC and Merkur market – see: https://www.oslobors.no/Oslo-Boers/Regelverk/Merkur-Market-klagenemnd
- Swedish pensions authority has filed noticed in court holding Beitnes responsible for various losses Swedish pensioners incurred in the Falcon Funds bust – see: https://www.maltatoday.com.mt/business/business_news/90881/swedes_chasing_falcon_funds_pensions_in_malta_warn_norwegian_director#.XFLsdFxKi9L
- The Falcon Funds bust is a big thing. See also Malta Civil Court https://www.gov.mt/en/Government/DOI/Government%20Gazette/Court%20Notices/Pages/2018/09/CourtNotices2009.aspx. “By the present, the Agency, refers to your involvement inter alia as the final person in control, director and/or shareholder of Oxxy Group Polc, Rock Energy AS, Element ASA (previously known as Intex Resources AS) and White November Fund, in respect of which a number of transactions have been carried out to the detriment of the Sub-Funds and any other direct or indirect involvment in the investments made in the name of the Sub-Funds. It results that these Sub-Funds have suffered a loss, and there could be futher substantial loss, and this loss is, inter alia, the direct or indirect result of your actions and/or omissions, resulting from your negligence, and/or fraud, and/or carelessness, lack of skill and/or for your failure to observe the laws and rules applicable and also because of default in your obligations.”
- main defendant is MAX EMIL SERWIN searched for Gross Fraud by Interpol – see: https://www.interpol.int/notice/search/wanted/2018-91323
- more: https://www.expressen.se/dinapengafalcon-funds-grundaren-har-bytt-sitt-namn-igen/
- more: https://www.expressen.se/dinapengapension/nu-sprids-nya-bilden-av-efterlyste-affarsmannen/
- more: https://www.expressen.se/dinapengapension/forsvunne-affarsmannens-liv-i-londons-lyxkvarte
- Alpha Blue Ocean Death spiral: violation against security act – see: https://aksjelive.e24.no/article/OnOd63 and https://www.dn.no/marked/oslo-bors/finanstilsynet/abo/pierre-vannineuse-27-er-mannen-bak-dodsspirallanene/2-1-476012
- Misleading / false information of main shareholder of Element – see: https://e24.no/boers-og-finans/storaksjonaer-i-element-ga-uriktige-opplysninger-i-boersmelding/24520036 - said person has the same address like Beitnes
- Allegations against Global Vision Trading Ltd (Beitnes involvement) receiving excessive amounts for consulting from Element
- Scam alert for Frode Aschim of Element (responsible for the crypto currency project at Element for getting new money) – see: https://forum.ethereum.org/discussion/16441/scam-alert-ethwallet-co-uk-will-pay-anyone-who-can-help-me-in-recovering-my-wallet and https://www.elementasa.com/assets/uploads/pdf/Element-ASA_Corporate-presentation_October-2018.pdf
I know this is much content, but if you want to make your own picture of Beitnes just dig into this whole Element ASA debacle starting last year. Two auditors (EY & PwC) and the CFO left Element … Then Beitnes left as Chairmen but now serving as external consultant for Element receiving 100.000 NOK monthly. https://www.dn.no/bors/element/lars-christian-beitnes/rikard-storvestre/avtroppende-styreleder-far-100000-kroner-i-maneden-for-radgivning/2-1-498862
would be a good start. Or dig deeper into the Swedish Pensions Authority lawsuit against Beitnes.
Finally … just ask yourself why does Ben deals with such shady persons? Did Ben no DD on those guys or did he not want to … And that is just the top of the iceberg.
TO BE CONTINUED
TL;DR submitted by
: i7 8700k, running at all core OC of 5Ghz at 1.35V, 26k\
: EVGA GTX 1080 iCX, running at 2100Mhz core OC, 25k\
: 16 GB 16CL 3000 memory. Running XMP profile, 7k\
: MSI z370, 11k CPU cooler
: Coolermaster ma620P, 4k Storage
: Samsung 860 EVO 500 GB sata SSD, 4.3k\
: Cooler master MB500, 5k PSU
: Antec 650W semi modular, 4.5k Monitor
: LG 24 inch 144hz panel. 20.5k
25k\(gpu) + 40k\
**(cpu, ram, ssd) + 45k(monitor, case, psu, mb, cooler)= Rs. 1,10,000
*bought from USA during black friday sale.
So my parents had recently bought a new flat and we were thinking of moving there. I always wanted a desktop PC in my room but because of the current room's small size and the fact that I had to share it with my brother I was not able to do that. In the new place, I would have my own room so the dream of building a PC which seemed distant before now was a real possibility and it made me really excited. I had been using an HP omen 2017 with a GTX 1050 for gaming previously but I really wanted to experience 1080p 144hz gaming, especially games like PUBG. So I began my research on the hardware and started making a PC part list.
THE GPU STORY
Meanwhile, a really good friend of mine was on a trip to the USA and told me that he was buying a second-hand GTX 1080 for himself. I seized this opportunity to convince my friend to help me out and arrange another second-hand GTX 1080 for me as well. He finally pulled it through and got me the first piece of my computer. This costed me around 25k as after the conversion charges and all. He got it for $350. Got an iCX model for me and ACX 3.0 model for himself. The pair together looked so cool. Gotta admit, the Americans really keep their tech clean.
Comparing this to the prices in India just reminded me how sweet the deal was. Though checking prices for other PC parts got my josh to a stop. Though it was high again when I got to know that another friend doing his MS from the US was soon going to come to India on vacations. So back to the PC partpicker website we were. and the research took a full swing.
THE CPU STORY
As my primary use of the desktop was gaming (and maybe streaming later), I started with an i5 8600k processor but quickly changed it to R7 2700 as it came with a stock cooler and paste. In an attempt to save money on an already expensive build. I was saving at least 12k on CPU, ram, and motherboard by sourcing them from America. The rates here are pathetic. Soon we got the news that the 9th gen processors would soon be releasing but seeing intel's stocks history, we decided not to wait for them. The 9900K had launched but it was really out of the budget. Watching reviews from the tech Jesus from GamersNexus it was clear that i5 was shitty when it came to streaming and gaming. and an R7 2700 needed around 1.4V to get a 4.2Ghz all core OC stable which could get us within 10 percent of the 8700k. I later decided to change the CPU to the x version of 2700 because of the beefy stock cooler and better binning which i thought would let me reach 4.2 all core OC without a problem with a price increase of just $50 that is around 3.5k. Chose an ASUS x470 motherboard to go along with this as it has a 6 phase VRM which we heard is really important when overclocking an 8 core 16 thread processor like the 2700X. I later read that the OC on 2700x did not improve gaming performance by much as the XFR was doing its thing really well. So, I thought of saving some cash on the motherboard by pairing it with an MSI B450 motherboard. This was also considering the weather conditions in India might not have allowed me to keep my 8 core CPU running OC 4.2 on all cores.Then came the black Friday idea and rates. This brought back the i7 8700k back to the equation again. This was because i was thinking of getting a 144hz panel and higher frame rates were easier on an i7 with a decent OC. Plus I really wanted to experiment with overclocking for fun. The 8700K was also suggested for gaming in many end of the year CPU reviews like LTTs and GamersNexus. The 8700K provided best streamer side fps while shelling out good viewer side performance for realistic encoding bitrates. And I felt I would not really utilize the 8 core 16 threads advantages on my desktop. Set a budget of $650 for the CPU, RAM, and SSD as their sizes were small and my friend could easily get those in his luggage.
the final run: Shifted a lot between the 2700x and the 8700k but went for the 8700k in the end for OC adventure, better gaming, and streaming(streamer side fps) performance, and better resale value. The decision was easier as I was getting it for 25k rather than the 40k price point in India. I got the processor for $340. Linus also had recommended the 8700k when it came to price to performance numbers. The ratio bettered when the black Friday sale rates were applied to them. Saved some money on the ram as well, going with a 16GB 3000mHz kit (got it for $100 on the sale) rather than something more which is essential for Ryzen.
So, finally bought
CPU: i7 8700K $360
RAM: 16GB 3000mHz Ram $100
SSD: 2.5" 860 EVO 500GB SSD $65
total: around 40,000 INR for CPU, RAM, and SSD. (Exchange rate was 73.23, used a FOREX card to place the orders)
BACK TO BASICS: NEHRU PLACE
No Indian build is complete without travel to the hardware paradise known as Nehru place.
: MSI z3700- 11K
Der8auer suggested the MSI z370 board as it is cheap and can overclock decently. Went with this, no fight here.
: Coolermaster ma620P- 4k
a very beefy cooler. A cooler enough to cool down a 5Ghz OC on an i7 8700K without needing to void the warranty on the chip to change the IHS thermal paste. High on LTT forum's tier wise list for CPU coolers. Almost among the best when it comes to price to performance ratio of air coolers in India. Hyper 212 EVO would not have been able to cool 5Ghz OC down.
: Went with an LG 24GM79G 144hz 1080p monitor. -20.5K
The cheapest and most color accurate TN panel with the best contrast ratios and brightness levels.
PSU and CASE
Coolermaster MB500 for case.- 5k
A good budget case with 3 stock RGB fans and dust filters.
Antec 650w PSU- 4.5k Semi modular. Who needs modular? hehe.
This was the thing that was the most exciting and fun aspect of this build. After getting the bios, the drivers and the windows update, we got to work. I will be sharing snips of my trials of various settings that I experimented with and just mention the most stable settings here. The settings that I have it running now with absolutely zero problems. I hope this data helps.
CPU and RAM
stable at 5,000mhz all core boost at 1.35V. LLC level 4 with prime95 stable. Max temps reaching around 85 degrees and max power consumption around 160W. AVX offset off.
Memory OC, unfortunately, didn't work and I didn't wish to spend a ton of time messing with the timings and the sub timings of the RAM as it would not have lead to a noticeable change in gaming performance.
First, I was not trying for small ftts to be stable in prime95 but due to games like PUBG crashing in the middle of matches, I had to increase my voltages to gain the 5Ghz OC that I wanted.
note- the performance measurements are not linear as there were some windows updates with patches that decreased the CPU performance by a bit. The temps were recorded while cinebench was rendering. Used Intel burn test for the first pass and the second pass was the prime95 small ffts test.
I think I was lucky with this chip and I think I can achieve an easy stable 5.1 if I delid it.
MSI afterburner was used.
Final OC was a manual curve modifier with freqs at max voltage reaching 2100 mhz on the core. The power consumption was 220W peak with max temps reaching only a meager 70 degrees in the uniengine heaven bench. power limit was set to 120% and voltage increased to the max. the fans autoed around 55 and the card didn't sound to be that loud.
Achieved a score of 3800 on uniengine ultra default settings.
monitor color settings if anyone is interested. Found it extremely hard to find good color settings on this panel. https://imgur.com/eULWElE
B means brightness, C contrast, G gamma. on the right are the monitor color settings with contrast and brightness set to 100.
Using this system has been really fun. I won my first PUBG solo game on this system. I am really glad that I got to build this system, but there are some learning takeaways and personal suggestions that I would like to share with you guys.
- The difference between 120hz and 144hz is hardly noticeable. So, a R5 2600 would have been enough to be really honest. I am talking about the perceptual difference and not the difference that the FPS numbers show on the screen. Please save some money and go for a cheaper CPU.
- Colors on a TN panel are actually quite disheartening and only go for such a panel if you will mostly play competitive games on your system.
- Do not go for an x series CPU if you want to go with AMD. Overclocking is very simple and you can save money by just investing very little time and energy. I did not believe that when I was buying the components but I sure believe it now.
- Prime95 small ffts stability is not essential. Intel burn test imo is enough for stability testing the CPU. If the intel burn test passes, then most likely you would not encounter any stability issues.
- GTX 2060 is a solid deal for the price. It has comparable performance to the 1080 when OCed with extra features like ray tracing and DLSS.
- SSD is essential and I am doing fine with a 500GB SSD as my only drive. You really do not need a lot of space if you just want to game. If you are editing photos or videos then its another thing. I also mostly play one game (offline story sort) at a time so space is not much of an issue.
- If you have space, do not buy a gaming laptop. Go for a medium budget gaming desktop (maybe mATX or miniITX form factor), buy a second cheap laptop (only if you really need it) with a small processor which would inevitably mean a long battery life and put an SSD on the laptop. You will be sorted.
- Offtopic but- underclock your laptop cpu and gpu using ThrottleStop and Afterburner to increase performance and battery life.
for getting the GPU and for picking up parts and building the system along with me
I would love to answer questions and listen to suggestions. Please feel free to ask as many questions as possible. Also, DM me if anyone needs help with their build or is shy to ask here.
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