ZX Vega+ News

(Unauthorised and Unofficial)

Vega+ Shipping Dates

  • End of September 2016
  • October 2016
  • In time for Xmas 2016
  • February 2017
  • A "few weeks" from March 10th 2017
  • Summer 2017
  • 8 weeks from August 9th (October 4th, 2017)
  • Mid October 2017
  • April 2018
  • May 8th - 12th 2018
  • May 12th 2018
  • May 31st 2018 (Indiegogo deadline)
  • June 15th 2018
  • July 6th 2018

World of Spectrum

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Teacher Stern Invoices to Retro Computers reveal the truth

As shown in the previous leak, law firm Teacher Stern were acting for RCL and made it crystal clear to David Levy and Suzanne Martin that they could not take any money for legal action against former directors and shareholders Andrews and Smith. The invoices from Teacher Stern clearly show that they ignored this advice and went ahead anyway.

At this point in time, we do not know if these invoices where actually shown by Teacher Stern to the SRA (Solicitor's Regulation Authority) that were supposed to be impartially investigating them. The email from Clare Toomer on the 26th of October 2016 to Levy and Martin clearly states the opposite of what they did and also the risk that Teacher Stern faced if anyone ever found out they had taken the ZX Vega+ backer money (meant for production) from the company. Unfortunately for everyone involved in the cover-up, the invoices below show what the money was actually spent on.

Many of these invoices show that Retro Computers Limited paid these fees to Teacher Stern, however it states that work was carried out on behalf of Retro Computers Limited and also Sinclair Research Limited. This may explain why Sinclair Research (the fourth "corporate" director and shareholder) allowed Levy to lie to the public for so long.

The invoices include time spent investigating the potential of extracting money from Darren Melbourne's THEC64 project, something that was swiftly dropped by Levy himself in an email to Mr Melbourne where Levy admitted that neither he nor RCL had any legal claim to the project.

The invoices also cover advising on the RCL bank and mandates, something that Suzanne Martin later claimed that Paul Andrews had hacked. The reality appears to be that continual blunders on the part of RCL and Teacher Stern had left Mr Andrews with access, allowing him access to the bank statements.

Teacher Stern also looked into the contract and correspondence with the now deceased designer Rick Dickinson. It is believed that Rick Dickinson was owed thousands of pounds for work requested by David Levy, however his invoices remained unpaid while Levy and Martin emptied the RCL bank account. This led to a falling out with Rick Dickinson over his contract and Rick parted company with RCL. Levy and Martin went on to blame Andrews and Smith for the failures they instigated themselves.

Nick Cooper and Cornerstone Media also appear heavily in the invoices, something that was outside the scope of the shareholders agreement as Cooper has stated that the money was withheld over an IP dispute. It has been well documented that David Levy and Suzanne Martin refused to pay Chris Smith for his intellectual property contained within the original Vega and Vega+ consoles, and hence RCL sold Smith's IP illegally.

The RCL accountant David Grunberg also seemed to have his fingers deep in the RCL pie. Although he was apparently acting merely as an accountant, he appeared to be one of the most incompetent accountants you should ever wish to meet after repeatedly failing to submit the company accounts, year after year. Despite eventually submitting what can only be described as some of the most fraudulent and deceptive accounts possible, his company charged RCL enormously high fees and failed to submit the final year of accounts to Companies House.

These invoices show that David Levy and Suzanne Martin are compulsive liars, business failures, but they somehow managed to convince their lawyers and accountants to assist them in this deception to the public and media, along with the SRA and other authorities.

Downloads

For a change, we have been supplied the invoices in PDF format and have also converted them to images and text.

You can download the PDFs and check the metadata yourself. It would appear that Teacher Stern use a Canon iR-ADV C5045 colour printer for scanning their documents. The Solicitor's Regulation Authority would easily be able to verify that this information is authentic. Here's an example of metadata from the initial invoice:

Teacher Stern invoices metadata

David Levy himself would eventually scam Teacher Stern LLP by refusing to pay their invoices, and they were forced to organise an urgent conference call and threaten debt collection onto Dr Levy.

Scans

Bill no 0161 270416 for 21056 p1

Bill no 0161 270416 for 21056 p2Bill no 0607 310516 for 36329 p1

Bill no 0607 310516 for 36329 p2

Bill no 0887 300616 for 19300 p1

Bill no 0887 300616 for 19300 p2

Bill no 1129 290716 for 17678

Text versions

Bill No 0161 - 270416 - £21,056.40.PDF

solicitors
TEACHER STERN

Mr D Levy
34 Courthope Road
LONDON
NW3 2LD

Date 27 April 2016   Bill No: 0161
Our Reference CVT/JY/LEV135/1   Tax Point Today
Reference Retro Computers Limited - shareholders/directors dispute   VAT Registration number GB 919 2808 03

To our professional charges   Charges   Disbursements   VAT Rate   VAT Amount

in relation to our acting on your behalf and on behalf of Retro Computers Limited (the "Company") and Sinclair Research Limited from 20 March to 25 April 2016 to include in particular; taking your instructions in relation to the actions of Mr Andrews, Mr Smith and Mr Melbourne regarding the Vega, Vega+ and retro Commodore 64 products and advising you thereon, including advising you in relation to action to be taken in respect of the Company's bank and bank mandate; advice to you in connection with the resignations of Mr Smith and Mr Andrews; advising you on your options and actions to be taken in relation to the same as well as relating publicity and your continuing correspondence with them; a review of the Shareholders Agreement, Company Memorandum and Articles and associated Companies House documents, including those in relation to Retro Games Limited and your and Ms Martin's detailed account of events; drafting detailed letters, together with undertakings, to go to Mr Smith, Mr Andrews and Mr Melborne and initial correspondence with Pictons, acting for Mr Smith and Mr Andrews.

Time incurred in excess of £19,000 but say £17,500.00   20%   £3,500.00

AML checks, photocopying and scanning charges £47.00   20%   £9.40

Total   £17,547.00
Total Disbursements   £0.00
Total VAT   £3,509.40
Total Amount Due   £21,056.40
Less Amount Held on Account   £6,000.00
Amount outstanding   £15,056.40

Payment can be made directly to HSBC Bank plc quoting Bill Number as above
Teacher Stern LLP - Sort Code 40-20-69 - Account No: 33002136 - IBAN No. GB32MIDL40206933002136
Or via our website www.teacherstern.com

5116710v1

Bill No 0607 - 310516 - £36,329.40.PDF

solicitors
TEACHER STERN

Mr D Levy
34 Courthope Road
LONDON
NW3 2LD

Date 31 May 2016   Bill No: 0607
Our Reference CVT/JY/LEV135/1   Tax Point Today
Reference Retro Computers Limited - shareholders/directors dispute   VAT Registration number GB 919 2808 03

To our professional charges   Charges   Disbursements   VAT Rate   VAT Amount

in relation to our acting on your behalf and on behalf of Retro Computers Limited (the Charges Disbursements VAT Rate VAT Amount "Company") and Sinclair Research Limited from 26 April to 30 May 2016 to include in particular: our review of correspondence and contract relating to Dickinson Associates and advice thereon; review of the Agreement between the Company and Cornerstone and advice thereon; analysis of all material provided by you and Suzanne Martin relating to Cornerstone/Mr Cooper/Mr Andrews regarding shipments and defalcations etc; letters to Mr Cooper/Cornerstone; considering Pictons reply to the letter before action and discussing with you; review of the Company's terms and conditions with SMS and advice thereon; review of your comments relating to Pictons letter of 4 May 2016; further correspondence with Pictons; correspondence with the Company's accountants; preparing instructions to Counsel to provide a written opinion including collating bundle of papers to go with instructions; liaising with Counsel and Counsel's Clerk; discussing with Counsel, review of Counsel's draft opinion and meeting with him to discuss; advising you of Counsel's opinion; further correspondence with Mr Melbourne; calls to Pictons and arranging the without prejudice meeting on 26 May 2016; preparing for the same, including discussing strategy and options with you; our attendance at the without prejudice meeting and correspondence to Pictons and Mr Cooper following that meeting; various telephone calls and meetings with you throughout.

Due care and attention throughout. Time incurred In excess of £26,000 BUT SAY   £25,000.00   20%   £5,000.00

Internal scanning/copying   £12.00   20%   £2.40

Disbursements

Process Servers fees (not yet paid)   £262.50   20%   £52.50
Counsel's fees (Mr M Mallin) (not yet paid)   £5,000.00   20%   £1,000.00

Total   £25,012.00
Total Disbursements   £5,262.50
Total VAT   £6,054.90
Total Amount Due   £36,329.40

Payment can be made directly to HSBC Bank plc quoting Bill Number as above
Teacher Stern LLP - Sort Code 40-20-69 - Account No: 33002136 - IBAN No. GB32MIDL40206933002136
Or via our website www.teacherstern.com

5182055v1

Bill No 0887 - 300616 - £19,300.51.PDF

solicitors
TEACHER STERN

Mr D Levy
34 Courthope Road
LONDON
NW3 2LD

Date 30 June 2016   Bill No: 0887
Our Reference CVT/JY/LEV135/1   Tax Point Today
Reference Retro Computers Limited shareholders/directors dispute   VAT Registration number GB 919 2808 03

To our professional charges Charges Disbursements VAT Rate VAT Amount

in relation to our further professional charges in connection with our acting on your behalf and on the Company's behalf and on behalf of Sinclair Charges Disbursements VAT Rate VAT Amount Research Limited from 31 May 2016 to and including 29 June 2016 to include in particular, correspondence with Argos; advice to you as to the procedure and costs in relation to issuing a Statutory Demand/Winding Up Petition against Cornerstone Media International; considering Pictons letter of 7 June with accompanying bundles and advice thereon; considering all material provided by you in this period including various notes and papers in relation to Cornerstone, Smith and Andrews; liaising with the Company's accountant, David Grunberg; correspondence with Pictons relating to the IP and the "cease and desist" letter sent by Pictons on Smith's behalf; advice to you as to the Company's liquidity and options/strategy in relation to the same; considering Cooper's response to the Company's Statutory Demand against Cornerstone and preparing a reply to the same; considering the Statutory Demands issued by Smith and Andrews and preparing responses to the same; review of other correspondence from Pictons to third parties including the Company's web designer, other press releases and statements etc; advice in relation to potentially issuing proceedings in connection with the IP dispute; discussions with Counsel's clerk in this regards; advice and various telephone conferences with you throughout;

Due care and attention throughout. Time incurred In excess of £17,500 BUT SAY   £16,000.00   20%   £3,200.00

Internal scanning/copying   £83.76   20%   £16.75

Total   £16,083.76
Total Disbursements   £0.00
Total VAT   £3,216.75
Total Amount Due   £19,300.51

Payment can be made directly to HSBC Bank plc quoting Bill Number as above
Teacher Stern LLP - Sort Code 40-20-69 - Account No: 33002136 - IBAN No. GB32MIDL40206933002136
Or via our website www.teacherstern.com

5242109v1

Bill No 1129 - 290716 - £17,678.41.PDF

solicitors
TEACHER STERN

Mr D Levy
34 Courthope Road
LONDON
NW3 2LD

Date 29 July 2016   Bill No: 1129
Our Reference CVT/MEF/LEV135/1   Tax Point Today
Reference Retro Computers Limited - shareholders/directors dispute   VAT Registration number GB 919 2808 03

To Professional Charges   Charges   Disbursements   VAT Rate %   VAT Amount

To our further professional charges incurred from 30 June 2016 to and including 27 July 2016.

To include:-

Substantial correspondence with Premier Solicitors in relation to Mr Andrews, Mr Smith and Mr Cooper/Cornerstone including drafting replies to the Statutory Demands issued by Mr Smith and Mr Andrews; correspondence with Mr Cooper directly; obtaining Counsel's Advice as to Premier's conflict in acting for all three; correspondence with DAS including completing their Questionnaire; drafting, preparing and serving the Claim Form and Particulars of Claim in relation to the Company's proceedings for an account against Cornerstone; various and numerous meetings, telephone calls and email exchanges/taking your instructions and advice to you throughout.

Time incurred in excess of £21,900 BUT SAY   £18,000.00   20%   £3,600.00

Internal photocopying   £18.00   20%   £3.60

Disbursement

Court fee - paid   £528.00   0%

Total   £18,018.00
Total Disbursements   £528.00
Total VAT   £3,603.60
Total Amount Due   £22,149.60
Less monies on account   (£4,471.19)
Sum now due   £17,678.41

Payment can be made directly to HSBC Bank plc quoting Bill Number as above
Teacher Stern LLP - Sort Code 40-20-69 - Account No: 33002136 - IBAN No. GB32MIDL40206933002136
Or via our website www.teacherstern.com

Teacher Stern LLP 37-41 Bedford Row London WC1R 4JH

t +44 (0)20 7242 3191 dx 177 Chancery Lane w www.teacherstern.com

Teacher Stern is a limited liability partnership registered in England No, 0C332605
It is authorised and regulated by the Solicitors Regulation Authority SRA No 482952
A list of member s of Teacher Stern is open to inspection at its registered office at 37-41 Bedford Row London WC1R 4JH
Any reference to a partner in relation to Teacher Stern LLP is to a member of Teacher Stern LLP

5301527v1

Latest Funky Spectrum RCL Videos

Confirmation of the shilling that went on from certain individuals during this absolute scandal. What a disgrace!
(03/04/2019)

Well it seems justice has prevailed for once and no surprises there to be honest what a ridiculous bit of behaviour !
(15/03/2019)

Indiegogo Campaign

"Our Indiegogo campaign is to raise funds to manufacture the first 2,500 or more units of the Vega+ in the UK, and to prepare us for the second production run."

— RCL (15/02/2016)

Vega+ Status

  • All refunds processed:
  • Roll of honour email:
  • Address confirmation:
  • Battery specification:
  • PEGI certification:
  • Final specs released:
  • Games list released:
  • Finished box design:
  • Manual released:
  • Working website:
  • Final devices made: 0
  • Small claims victories: 0
  • Prototypes made: ~100-200