PompeyLass Posted 11 January, 2012 Share Posted 11 January, 2012 Bbbbbbbbbooooooooooollllllyyyyyyy hell. Look what the cat dragged in Only joking pompey lass - hope you are well. The neil guy is from the news who unknowingly had a web chat hijacked this afternoon...........anyway he's not important.........Mr cala is though, but he might have to wait for his giro, before the deal goes through. :) Hahaha, I'm good thanks, how are you ? Ah right, wondered if he twigged that he has having the **** ripped out of his webchat. Link to comment Share on other sites More sharing options...
pedg Posted 11 January, 2012 Share Posted 11 January, 2012 wondered if he twigged that he has having the **** ripped out of his webchat. I suspect he might as any semblance of quality control on what went through appeared to have gone at the end as if he has just given up trying. Link to comment Share on other sites More sharing options...
JackFrost Posted 11 January, 2012 Share Posted 11 January, 2012 So what do we know about this Cala bloke? Personal wealth? http://federal-circuits.vlex.com/vid/america-plaintiff-joseph-cala-defendant-36809189 Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 January, 2012 Share Posted 11 January, 2012 http://federal-circuits.vlex.com/vid/america-plaintiff-joseph-cala-defendant-36809189 Anything changed since 1975? Link to comment Share on other sites More sharing options...
trousers Posted 11 January, 2012 Share Posted 11 January, 2012 Anything changed since 1975? Yep. He ran a loss making catering company before running a loss making underwater hotel and leisure design company. Edit: oops, missed out the loss making Italian 2nd division football team somewhere in-between Link to comment Share on other sites More sharing options...
hypochondriac Posted 11 January, 2012 Share Posted 11 January, 2012 Yep. He ran a loss making catering company before running a loss making underwater hotel and leisure design company. Excellent. Lets hope that the other interested party (apparently a consortium) have similar 'credentials.' Link to comment Share on other sites More sharing options...
Crab Lungs Posted 11 January, 2012 Share Posted 11 January, 2012 He must get really angry at the world as he's shuffling around making Latte's for Oklahoma's movers 'n' shakers http://maps.google.co.uk/maps?q=211+N+Robinson+Ave+OK+73102&hl=en&ll=35.468799,-97.517006&spn=0.001309,0.002411&sll=35.46787,-97.51452&sspn=0.010468,0.01929&vpsrc=6&gl=uk&hnear=211+N+Robinson+Ave,+Oklahoma+City,+Oklahoma+73102,+United+States&t=m&z=19&iwloc=r8&layer=c&cbll=35.468798,-97.517005&panoid=TkGX_lYz6ZpivFmx1-w55Q&cbp=12,4,,0,8.41 Link to comment Share on other sites More sharing options...
Justin C Posted 11 January, 2012 Share Posted 11 January, 2012 I asked N Allen on Tweeter if thinks this guy is serious. His reply was he claims to be but many others have also claimed this. Link to comment Share on other sites More sharing options...
andysstuff Posted 11 January, 2012 Share Posted 11 January, 2012 (edited) I asked N Allen on Tweeter if thinks this guy is serious. His reply was he claims to be but many others have also claimed this. He never replied to me when I suggested he had no money and a criminal record! Edited 11 January, 2012 by andysstuff typo as usual Link to comment Share on other sites More sharing options...
Justin C Posted 11 January, 2012 Share Posted 11 January, 2012 Perhaps I was I little more subtle. I can't see this guy having any money. Link to comment Share on other sites More sharing options...
andysstuff Posted 11 January, 2012 Share Posted 11 January, 2012 yeah, just read your tweet. Link to comment Share on other sites More sharing options...
andysstuff Posted 11 January, 2012 Share Posted 11 January, 2012 Interesting that Neil Allen fings googling him revealing - maybe the News are going to run an expose tomorrow? Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 11 January, 2012 Share Posted 11 January, 2012 A bit more on Cala Corp. http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CCAA:US Dated March last year, but without cash flow to live for 12 months, they'll be out of cash by March, so let's hope this one goes through and we can look forward to the next round of "new owners" in a couple of months.... Cala Corporation filed its Form 10-Q with the Securities and Exchange Commission. The company intends to raise additional capital. The company stated: “Our current cash flow will not be sufficient to maintain our capital requirements for the next twelve months. Accordingly, the Company will need to continue raising capital through either debt or equity instruments. The Company believes it will need to raise additional capital to continue executing the business plan. Whereas the Company has been successful in the past in raising capital, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to the Company I love their vision... Cala Corp. announced that it will expand its Undersea Resort in response to the $1 trillion global market demands. The Undersea Resort has signed a Non-Disclosure Agreement with the most prestigious yard in the industry STX Europe, for future waterfront construction of the following various possible uses: Lavishly-appointed Suites - 330, ranging from 1,100 to 12,000 square feet each. Spa and Ageless Treatment Clinic - 500,000 square feet, Convention Center and Executive Meeting space - 1,200,000 square feet, CasinoResort, Family Gaming Arcade and Water Park - 1,000,000 square feet, Class A Exhibit and Concert Hall space - 13,000 seats, Professional Sport Stadium - 20,000 seats, Undersea Natural Aquarium - 5,000,000 square feet, Class A Tower Office - 1,000,000 square feet, and University or Hospital Campus - From 500,000 to 1,200,000 square feet. The global market demand is endless because the waterfront undeveloped properties represent almost 75% of the earth's traditional real estate. The product line is especially attractive to industry because the Undersea Resort has the added benefit of being environmentally safe, with almost zero emission. The actual development cost per location is from $500 million to $1.5 billion. Each development location will be funded directly by the actual owner of the project. The owners are classified as the largest pension system funds or REIT. Link to comment Share on other sites More sharing options...
rallyboy Posted 11 January, 2012 Share Posted 11 January, 2012 $1 trillion global market demands would be an impressive statement if it didn't come from a company with $14K in the bank and massive debts. The guy is obviously clueless, and funny as it's been today, and it has been funny, there must be a more sensible option up AA's sleeve. And if there isn't then this comic masterpiece has found a new peak. I'm out and about tomorrow so on my return I look forward to another rush of pages as the bloke with an unpopular coffee shop lays out his plans for the future. It's Storrie's fault, there's nothing like a Harbourdome built on someone's else's land and the sea to attract a nutter with similar ideas. It''ll be gold from sea water next, or perhaps a nugget of the purest Green.... Say one thing for AA, he makes Ken Dodd look lightweight when it comes to offering value for money in comedy. Link to comment Share on other sites More sharing options...
ooh it's a corner Posted 11 January, 2012 Share Posted 11 January, 2012 this is my favourite bit.... The UnderSea project began in 1996 as a three-way collaboration between a visionary named J. Joseph Cala, Clive Jones, Senior Vice President of the prestigious research and feasibility firm of Economics Research Associates and George Berean, Senior Vice President of the internationally renowned architectural firm of Wimberly, Allison, Tong & Goo. I'm sorry Wimberly, Allison, Tong & Goo. Sounds like a Monty Python sketch to me........ Link to comment Share on other sites More sharing options...
trousers Posted 11 January, 2012 Share Posted 11 January, 2012 @pn_neil_allen: Our man @pn_Rory_McKeown was the one who spoke to Joseph Cala today. Interesting stuff by the sound of it. #Pompey Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 11 January, 2012 Share Posted 11 January, 2012 this is my favourite bit.... The UnderSea project began in 1996 as a three-way collaboration between a visionary named J. Joseph Cala, Clive Jones, Senior Vice President of the prestigious research and feasibility firm of Economics Research Associates and George Berean, Senior Vice President of the internationally renowned architectural firm of Wimberly, Allison, Tong & Goo. I'm sorry Wimberly, Allison, Tong & Goo. Sounds like a Monty Python sketch to me........ now that had me thinking back some 40 years! The football link to Python does not end there. According to John Cleese, in his biography, the front line of the football XI at his prep school were, by surname: Jethro (Q), Bunn, Whackett, Buzzard & Stubble. I kid you not! Link to comment Share on other sites More sharing options...
saint si Posted 11 January, 2012 Share Posted 11 January, 2012 Cala Corp's SEC filings are an absolute treasure trove! http://www.sec.gov/Archives/edgar/data/794107/000127351511000055/cala2010q3v2.htm The Company has not established revenues sufficient to cover its operating costs. This uncertainty raises substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on additional sources of capital and the success of the Company's plan Sounds like another failed business you might have heard of? If and when the Company locates a business opportunity, management of the Company will give consideration to the dollar amount of that entity's profitable operations and the adequacy of its working capital in determining the terms and conditions under which the Company would consummate such an acquisition We'll invest in anything we can get our hands on! Some other random googling... http://www.pinkinvesting.com/article/view/A-Subpenny-Stock-Cala-Corporation-Inc.-CCAA.PK-Stock-Capitalizing-On-News-Of-a-Far-fetched-Project-_868 This is not the first time Cala Corporation has been involved in large-scale, multi-million projects. Back in 2008, the company introduced its idea of creating undersea resort ships. Three years later, this project seems to have made no progress at all. And the FAQ from the website is pure comedy gold - probably not going to be convincing anyone that they're tooled up and ready to go on the half billion dollar floating death traps! http://www.undersearesort.com/showPage.php?page=usea500 Q. Who will build the UnderSea Resort Ships? A. Our company. Oh that's ok then... I was worried they didn't have any capability. That would be the company with no value, no assets or any kind of income. Q. What is a Letter of Credit? A. A Guarantee by the buyers bank in order to guarantee the construction. Will Bank of Snoras do, do you think? ;-) And from the home page you can click the pictures through to popup pages: http://www.undersearesort.com/showPage.php?page=usea002 Miami Undersea Resort is schedule to open in the fall of 2011 So... is that before or after the harbour-dome? Looks like an utter chancer to me! A large part of me really hopes this goes through to keep the thread alive... Link to comment Share on other sites More sharing options...
The Cat Posted 11 January, 2012 Share Posted 11 January, 2012 Maybe the vision extends to having Pompey play home games on one of these ships. Link to comment Share on other sites More sharing options...
trousers Posted 11 January, 2012 Share Posted 11 January, 2012 I posted this earlier this morning but it seems to have gone largely unnoticed. Worth a repost as it's highly amusing... http://www.stockpatrol.com/article/key/cala Link to comment Share on other sites More sharing options...
Waterside.saint Posted 11 January, 2012 Share Posted 11 January, 2012 Click on the '5 year' button to see their spectacular perormance over the past 5 years http://www.nasdaq.com/symbol/ccaa/interactive-chart?timeframe=1y&charttype=line Link to comment Share on other sites More sharing options...
saint si Posted 11 January, 2012 Share Posted 11 January, 2012 I posted this earlier this morning but it seems to have gone largely unnoticed. Worth a repost as it's highly amusing... http://www.stockpatrol.com/article/key/cala A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 Link to comment Share on other sites More sharing options...
Red and White Army Posted 12 January, 2012 Share Posted 12 January, 2012 Some strange man was in there that is NEVER there during the noon hour or day. He said he was the other owner of the place. We went to re-fill our tea cups and he commenced to tell us that those were not his cups and wanted to know where we got them and then he said, after he made a total fool of himself because the cups were the same, he started saying they weren't his lids and what did we think we were doing. He said he had to make a living and feed his family and was going to charge us full price That's awesome. Link to comment Share on other sites More sharing options...
BigShadow Posted 12 January, 2012 Share Posted 12 January, 2012 I posted this earlier this morning but it seems to have gone largely unnoticed. Worth a repost as it's highly amusing... http://www.stockpatrol.com/article/key/cala That is brilliant. I think this Cala bloke must be some sort of genius visionary. Perfect for our fishy friends. On the other hand.......maybe the few should be planning a protest up at FA HQ to ensure this guy does NOT pass the FAPPT. Link to comment Share on other sites More sharing options...
Dark Munster Posted 12 January, 2012 Share Posted 12 January, 2012 Or "The Portapin Adventure" where a group of overpaid footballers have to escape a football club that has capsized and is slowly sinking. Click on the '5 year' button to see their spectacular perormance over the past 5 years http://www.nasdaq.com/symbol/ccaa/interactive-chart?timeframe=1y&charttype=line Those who bought its at its peak in February last year must be kicking themselves. A 2 cent stock sounds like quite a bargain, but not if it drops to 0.2 cent a year later. If Cala is Handy Andy's first choice, I can't wait to find out about his plan B consortium. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 Those who bought its at its peak in February last year must be kicking themselves. A 2 cent stock sounds like quite a bargain, but not if it drops to 0.2 cent a year later. If Cala is Handy Andy's first choice, I can't wait to find out about his plan B consortium. With Thierry Henry's script writer still probably floating around the UK at the moment, it can only be a matter of time before one of our agents finds out that one of his Investors was either a Lithuanian Pension Fund or an Australian Foresty Workers Pension Fund. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 Good spot. Liking the Titanic mention ... CALA CORPORATION (OTCBB:CCAA) PART II - CALA-FORNIA HERE WE COME Investigative Reports September 29 2000 Look Out Below Cala Corporation says its Chairman and CEO, Joseph Cala, wants to “concentrate on the Undersea Resort Hotel & Casino projects.” In fact, the Company recently announced plans to move from Oklahoma City to the “San Francisco Financial District” in order to “be in closer proximity” to various consultants on the “Underwater Resort” project as well as “Silicon Valley Venture Capitals [sic] and Investors.” Just what is the Company’s proposed “Undersea Hotel?” Is it a building? A ship? A barge? In a recent interview with WallStreetReporter.com, Mr. Cala said it would be shaped something like a spaceship. The resort would not actually be constructed underwater, he noted. Instead it would be built in a shipyard, “taxied” out to sea and sunk at the proper location – leaving 10% to 15% of the structure above the water line and the rest below, in the deep blue sea. Can the Company operate successfully by sinking structures strategically? Or will this turn out to be a Titanic miscalculation? Mr. Cala appeared confident, maintaining that the Company would be able to turn out resort structures at a rapid pace (as many as fifty to sixty at a time) once the initial design is completed. And, the interviewer pointed out, Cala Corporation will save on real estate costs since it does not need to purchase land for hotel sites. But will the Company be permitted to simply “place” its resorts in territorial waters, without paying some fee, acquiring rights to the area it will occupy, and receiving governmental approvals? Or can anyone stake claim to offshore sites around the world? How will the Company finance construction of these Undersea Resorts – as many as fifty to sixty at a time? In that same interview Mr. Cala said he anticipated that much of the funding would come from the United States Government, under “Title 11.” Mr. Cala did not say what “Title 11” he was referring to but Title 11 of the United States Code governs Bankruptcies, and Title 11 of the Code of Federal Regulations deals with Federal Elections. For now, the Undersea Resort & Casino remains in the developmental stage, and while it may be the Company’s principal focus, it certainly has not been its sole activity. To the contrary, even though the Company had only $13,000 in the bank at the end of June (and revenues of less than $300,000 for the first six months of this year), it has continued to announce new acquisitions and projects – to the tune of hundreds of millions of dollars. With each announcement, however, some fundamental questions linger – what are the terms of the deal, what is the cost, and where is the funding to come from? The Company says that most of these plans relate to the hospitality, food and beverage business, but, in some cases at least, that could be a bit of a stretch. Call it Cala-sthenics. Link to comment Share on other sites More sharing options...
Red and White Army Posted 12 January, 2012 Share Posted 12 January, 2012 Please, please, please let Cala be the interested party. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 This stockpatrol stuff is most entertaining.... Talking Turkey Take, for example, the Company’s planned ventures in Turkey. On May 31st the Company declared it would act as co-developer of a $150 million hotel project in Istanbul, Turkey. The following day it said it would also co-develop a $247 million water distribution system in Turkey. In both cases, Cala said it would own a 51% interest in the development contract and its partner would be the Italian architectural and engineering firm of AGS.srl. How would these projects be funded? Cala said the Turkish government was expected to fund the water system through the issuance of municipal bonds and that the Bank of Rome had an agreement with AGS.srl to provide financing. No terms of either financing were disclosed. What did Cala pay, if anything, to obtain these contracts. How does a Turkish water distribution system fit in with the Company’s business plan – unless it intends to place an Undersea Resort in the reservoir? Cala also took this opportunity to reiterate that it is a “developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos.” Just what hotels, resorts and casinos does it manage? Is there gambling at the Groundfloor Café? Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 Fore Plans for the “Undersea Resort” have not prevented Cala from looking in other directions as well. In January 2000, for example, Cala entered into negotiations to buy the Twin Hills Golf and Country Club in Oklahoma City, Oklahoma. Ultimately, Cala’s $3.2 million offer was rejected. How had the Company planned to finance that purchase? That remains unclear. What potential revenues did it anticipate from the local golf course? No projections were provided to the public. How did the acquisition fit into the Company’s master business plan? Perhaps the water hazards were enough of a connection. Despite the failure of that effort, Cala appears determined to be in the golfing business. On September 11th the Company announced it had acquired 51% of the Etna Hotel Company, owner of the Il Picciolo Golf Club in Sicily. What were the terms of the agreement and how much will it cost the Company? The press release says only that “funding of the purchase agreement is phased and will be supplemented by a $3.8 million grant from the Italian government to construct another 18 holes.” In his interview with WallStreetReporter.com, Mr. Cala said the Company paid $500,000 up front, would invest additional funds in improving the facility, and would pay the balance through that Italian government grant and money to be raised by a “Swiss Bank.” What is the identity of that “Swiss Bank,” and what will be the terms of the financing? Mr. Cala declined to name those bankers and disclosed no details of the funding. What will it cost to operate the golf course? Who owned the Etna Hotel Company, and who now owns the remaining 49% of that entity? If, as Mr. Cala suggested, Il Picciolo is the only golf course in Sicily and can generate $10 million in revenues, why do the present owners want to surrender control? That same day, September 11th, Cala issued a second press release, this time stating that its wholly-owned subsidiary, Cala of Italy, had purchased land adjacent to the Il Picciolo golf course for $450,000. The Company said it planned to develop “150 all-inclusive suites with a world class spa,” at a projected cost of $12 million. Where will those funds come from - not to mention that initial $450,000 purchase price? Cala said the Italian government had already approved a $3.8 million grant. But aren’t those funds dedicated to construction of the additional 18-hole golf course? Had the Company bought sufficient land to house its proposed suites, a spa, and those additional 18-holes? The press release did not say. As for the balance of the purchase price - Cala said it would come from a “Swiss Pension Fund.” Is this the same “Swiss Bank” mentioned in Mr. Cala’s interview? The Company offered no details about the terms of that financing. Who manages that “Swiss Pension Fund?” What are its assets? Does it have any relationship with the Cala Corporation or its controlling shareholders? Investors can only hope to find this information in the Company’s future public filings. That 150 suite hotel may already have shrunk. A September 21st press release refers instead to a 100 suite hotel to serve as a “prototype for a new hotel/resort franchise program for Cala Resorts.” Does that mean Cala is now going into the hotel franchising business as well? Does anyone associated with the Company have franchising expertise? Who will finance that program, and what will it cost? Do these questions seem familiar? ... Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 Arrivederci Oklahoma The Company’s voyage from Oklahoma City to Southern Italy did not begin, or end, with the Il Picciolo project. Earlier, the Company had announced plans to franchise a chain of Italian bakery/coffee shops. On June 6th, the Company said it had acquired 51% of San Giuseppe Molino Mills, an Italian firm that, according to Cala, is famous for its “farina” formulation. Cala said it would build a prototype bakery/coffee shop in San Cataldo, Sicily and hoped to open over 100 franchises in Europe, America and Japan in the next five years. Once again, however, Cala revealed few details of the transaction. How much had the Company paid to gain control of the mill? Where did it get those funds? Did Cala issue more shares to the former mill owners, and if so how many and on what terms? The press release did not reveal that information. Finally, while Cala stated that the mill enjoyed annual sales of more than $5 million, it did not indicate whether the business was profitable. Cala did disclose that an individual named Gary Modaferri would be “President of this American subsidiary.” If that name seems familiar, it may be because Gary Modaferri was Joseph Cala’s partner in the aborted San Francisco “Cascina Restaurant” project. Was Mr. Modaferri receiving new shares of Cala as “President” of this subsidiary? His compensation is not detailed in the press release. The Modaferri name appears once again in a June 23rd press release announcing that Cala had accepted the first franchise for its “Panioteca Modaferri Bakery/Café concept.” Another familiar name appears in that press release. The Company stated that the office of “Geometra Vincenzo Cala will be responsible for overseeing architectural, electrical and mechanical design for the prototype of Paniteca Modaferi.” How much will this Cala be paid, and will it come from the corporate Cala? The Company did not say. ... Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 12 January, 2012 Share Posted 12 January, 2012 Wimberly, Allison, Tong & Goo USA http://www.google.co.nz/search?q=Wimberly%2C+Allison%2C+Tong+%26+Goo+USA&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-a They have been around for a long time. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 On June 26th the Company announced it would go into the “battery” business as majority owner of B-Tec of Italy. The Company stated that it was negotiating for an Italian government grant that would pay 70% of the cost of opening the first plant. The balance would be paid through the sale of corporate bonds. How did Cala plan to sell those bonds? Did it have an investment banking agreement? None of those details were provided. Nor was the cost of the project, although Cala said it had “secured” a 20,000 square foot warehouse in Italy. It did not detail the cost of the warehouse or how it would be paid for pending government funding and the sale of those bonds. The need for those details disappeared last week. On September 18th, Cala revealed it had divested its interest in B-Tec and that 330,000 shares of the Company’s stock, used to secure the acquisition, would be returned to the Company. This is the first mention we found of those 330,000 shares – they were not discussed in any previous press releases we have located. To whom had they been issued, and on what terms? The Company’s public filings do not provide those details - even though the most recent Form 10-Q was filed after the project had been announced. In announcing cancellation of the B-Tec venture Cala said it would focus “on our mission to serve our stockholders by developing into a global hospitality company…We need to concentrate on what we do best.” Investors, however, may be left wondering exactly what that is. ... Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 More Italian Adventures While the “Undersea Resort & Casino” may remain high on Cala’s agenda, that project has not prevented the Company from pursuing ventures that seem quite far afield. Take, for example, the Company’s efforts to acquire a contracting company called Costanzo Industries of Italy and a 23 story office building in Naples, Italy – both of which are apparently in receivership because of allegations that the former owners paid “improper gratuities” to Italian government officials. The Company claims that Costanzo Industries is the “third largest builder of Italian resorts and hotels,” and would “provide a necessary alliance to build the Undersea Hotel & Resort project.” How much would it cost to purchase Costanza Industries? In an August 9th press release, the Company said it was in the process of “providing financial assurance it will fund $2.6 million” at closing. Where would those assurances come from since Cala’s financial statements certainly do not reflect that degree of liquidity? Cala claimed it would provide a “bank letter or investment banking letter.” The Company, however, did not name the “bank” or “investment banker” who would issue such a letter or make such a commitment. Nor did it reveal the terms of any potential funding. Instead, Cala merely stated that “financing for the purchase is expected to come from U.S. sources.” Who are those sources? The Company has not said. Cala has disclosed an estimated purchase price for the Naples office building - $16.5 million. The Company claims that purchase price can be financed by “present revenues” (estimated at $2 million a year) and “the appraised value of the complex.” The Company does not indicate who would be providing that financing. .., Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 Oil and Water At least Cala can argue that Costanza Industries might consult on construction of an undersea resort. On the other hand, oil and water do not mix. So why is Cala now in the olive oil business? On September 7th the Company announced it had entered into an “exclusive” agreement with something called A.P.O.L. to import olive oil into the United States, Canada and Japan. What compelled Cala to seek “a strategic olive oil producing company partner?” The Company offers no clue. What are the terms of the arrangement? The Company is silent on that issue as well, except to say that Cala will be compensated based on A.P.O.L.’s “standard fee structure” and annual revenues of $10 million are expected. No terms of that “standard fee structure” are provided. ... Link to comment Share on other sites More sharing options...
Danish Saint Posted 12 January, 2012 Share Posted 12 January, 2012 (edited) FFS... How anyone in Portsmouth has any kind of hopes on this Cala character would be the man to take them forward, is beyond comprehension. He couldn't even complete the take-over of Salernitana FFS. The man has no money what so ever. Even I have got more money than this guy! Nothing but time wasting ******** by AA. Just hurry up and die, p*mpey. You're a ****ing disgrace in your current state. Edited 12 January, 2012 by Danish Saint Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 On To Montecatini The projects keep piling up for Cala. And so do the questions. In the past several days, Cala has announced two more ventures in Italy. First it issued a press release on September 25th saying it would be bidding on the rights to operate the spas of Montecatini Termini in Tuscany, Italy. No details of the bidding process were provided in the press release. Nor did the Company specify how the invitation had been issued or who might be competing bidders. What qualifications does Cala have to operate the historic spas? The Company says it is a “developer of international hospitality businesses with a corporate emphasis on the ownership, operation and management of hotels, resorts and casinos.” Other than the “Groundfloor Café” in Oklahoma City, however, what other hotel, resort or casino is presently managed, operated or owned by the Company? Then, on September 26th, the Company issued yet another press release, this time saying that its subsidiary, Cala of Italy, had acquired 51% of a company called Pedana Costrufer of Italy. According to the press release, Pedana Costrufer is “a prestigious design and construction company specializing in boutique hotels and spa projects.” What are the terms of this deal? How much did Cala agree to pay for its controlling interest? The press release offers none of those details. While Cala says the project “will generate $2.5 million in revenues starting in the fourth quarter of 2000,” it does not indicate what it will cost to operate the business, or whether it has been profitable in the past. What “boutique hotels and spa projects” has Pedana constructed or designed? That information is not provided either. How does the Company plan to operate an import/export business, two Italian contracting companies, an historic spa, two franchising operations, an office complex in Naples, a water distribution system in Turkey, a golf course, hotels, luxury suites, and casinos? One thing is certain. It will take lots of personnel and piles of money. Two things that Cala Corporation does not appear to have enough of at the present time. ... Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 South of the Border On September 12th, Cala announced plans to develop a $520 million “mega-resort” on 1400 acres in Cabo San Lucas, Baja, Mexico. The Company said it had acquired a private Nevada corporation called Spa Resorts International, Inc., which had already negotiated to acquire that acreage. What had Cala agreed to pay for Spa Resorts International? The information was not included in the press release. How would the resort be financed? According to the press release, “funding is nearly complete.” Who is providing that funding, and what are its terms? None of that information was provided. And that’s not all. The Company also said that Spa Resorts was launching the “U-Sea Habitat, and undersea hotel, aquarium, research facility and casino” in Jamaica. According to the press release, “[t]his project will include a 750 acre development with an estimated $580 million price tag…Funding for this project is well on its way to being completed and is expected to be finished within 90 days.” So who is funding that project? Or any of Cala’s ambitious undertakings? The Company says the Jamaica property is already operational and has “cash flow.” If that is the case, what is the name of that property, and the source of that “cash flow.” One thing is certain. That “U-Sea Habitat” and casino has something in common with the Undersea Resort planned for Maui. It will not have a casino. That’s because Casino gambling has not been legalized in Jamaica either. Isn’t that the sort of thing the Company ought to know? ... Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 Lol at Water Hazards. So I note Il Piccolio Course still has ONLY 18 holes http://www.exec-appointments.com/Jobs/ad.aspx?adID=188608 The Etna Hotel is owned by Palmerston Hotel Group http://www.palmerstonhotels.com/senior-exec.html Who in turn are owned by CCA Group, founded in 1982 by Dieter Klosterman has offices in Hong Kong Link to comment Share on other sites More sharing options...
pedg Posted 12 January, 2012 Share Posted 12 January, 2012 A few years old, part 2 here http://www.stockpatrol.com/article/key/cala2 So that report was published in September 2000 so I assume all of the projects listed are now up and running? or maybe not. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 January, 2012 Share Posted 12 January, 2012 Pedana Costrufer, such a prestigous company it doesn't even have a web site. Look, sorry, this is getting boring now. Way too many links to Italy. Now totally unrelated, what was that article I saw yesterday in the Torygraph? oh yes http://www.telegraph.co.uk/finance/financialcrisis/9006027/Mafia-is-Italys-biggest-business.html Link to comment Share on other sites More sharing options...
andysstuff Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 Worth 100M Euros apparently.......... Link to comment Share on other sites More sharing options...
hutch Posted 12 January, 2012 Share Posted 12 January, 2012 Wimberly, Allison, Tong & Goo USA http://www.google.co.nz/search?q=Wimberly%2C+Allison%2C+Tong+%26+Goo+USA&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-a They have been around for a long time. In their defence, they are a very good and well-respected international firm. We've used them. Link to comment Share on other sites More sharing options...
solentstars Posted 12 January, 2012 Share Posted 12 January, 2012 (edited) sounds like he is a tyre kicker and wants to float it as a public company in the USA within three weeks. i expect most americans would not have a clue who pompey are and about soccer in general. Edited 12 January, 2012 by solentstars Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 Worth 100M Euros apparently.......... An enjoyable read....He seems a tad over defensive on the honesty and integrity front... Link to comment Share on other sites More sharing options...
Verbal Posted 12 January, 2012 Share Posted 12 January, 2012 http://www.portsmouth.co.uk/sport/pompey/pompey-past/great-matches/cala_declares_i_want_to_buy_pompey_1_3409244 Worth 100M Euros apparently.......... Share price suggests the company is worth a shade less than £400,000. Link to comment Share on other sites More sharing options...
saint si Posted 12 January, 2012 Share Posted 12 January, 2012 Found this last night too but had hit my posting limit... http://uk.eurosport.yahoo.com/11012012/58/wrc-crisis-unavoidable.html So apparently North One Television sold North One Sport to CSI. North One TV seems to have some credibility (produces a number of programmes we've all heard of such as The Gadget Show, Fifth Gear). The interesting fact right at the bottom of the article? North One Television is at the top of the list of creditors, with £3m owed. That's £3m that AA can't "pump in to Pompey" or whatever it was he said. Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 ‘If I want to build a stadium it will be a walk in the park to raise more money to build one. ‘I am very good in the investment world. ‘At the end of the day, the club belongs to the fans. I want to be the priest of a beautiful cathedral. Read more of Joe Cala’s views in The News today. Amen... Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Found this last night too but had hit my posting limit... http://uk.eurosport.yahoo.com/11012012/58/wrc-crisis-unavoidable.html So apparently North One Television sold North One Sport to CSI. North One TV seems to have some credibility (produces a number of programmes we've all heard of such as The Gadget Show, Fifth Gear). The interesting fact right at the bottom of the article? North One Television is at the top of the list of creditors, with £3m owed. That's £3m that AA can't "pump in to Pompey" or whatever it was he said. So North One Sports have gone from being a supposed asset worth c.£30m (saleable WRC rights) to a £3m liability in the space of a few weeks? Nice. And as for the opening paragraph in that Eurosport article... Duncanson, who sold North One Sport to Convers Sports Initiatives, said the due diligence run on CSI and its primary backer Vladimir Antonov couldn't have been more rigorous. Yet another organisation that doesn't read the SWF.... :-) Link to comment Share on other sites More sharing options...
trousers Posted 12 January, 2012 Share Posted 12 January, 2012 Found this last night too but had hit my posting limit... http://uk.eurosport.yahoo.com/11012012/58/wrc-crisis-unavoidable.html "We spent fortunes on due diligence while we were going through the sales process, so did the FIA. The Premier League and the Football League did the same because Portsmouth [Football Club] was involved; every single one of those came up independently clean. We were all taken for a ride, which is very disappointing. ... Link to comment Share on other sites More sharing options...
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