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jmillskeel - 16 Oct'03 - 16:34 easymoney
ellemaitch
crimeproctection
stoorie
rarther
alia
are any of you still holding?
If so email me
jmillskeel - 16 Oct'03 - 16:38 - 1 of 2306
well reckon i have 10% of the company and at least another 30%/40% bought by us over the last few days..
londonmetro - 16 Oct'03 - 17:03 - 2 of 2306
we have 4,500,000 = 3.6225% of company
very quick 8,000,000 = 6.44%
Photo Director 10,000,000 = 8.05%
m.samea 6,600,000 = 5.31%
jmillskeel 15,073,185 = 12.35%
jeff-v 2,600,000 = 2.09%
room for more please show your hands thanks
jmillskeel - 16 Oct'03 - 17:07 - 3 of 2306
jmillskeel 15073185
london are you a company ??
londonmetro - 16 Oct'03 - 17:09 - 4 of 2306
yes but invest jm are you a company
Jeff_V - 16 Oct'03 - 17:12 - 5 of 2306
Somehow ended up with 2.6M
londonmetro - 16 Oct'03 - 17:17 - 6 of 2306
looking at post no 2 now cannot believe that 6 people together own 37.86% of company and where is deb?????
jmillskeel - 16 Oct'03 - 17:26 - 7 of 2306
ill put it on the header
easymoney03 - 16 Oct'03 - 17:32 - 8 of 2306
well i ended up with 5 million god knows how or why still out of pocket...im a fool
matto - 16 Oct'03 - 17:34 - 9 of 2306
From the other thread
me me - 16 Oct'03 - 16:09 - 516 of 628
rarther
8 million 2.2 mill @ 0.1 2.6 mill 0.05 3 mill 0.048 All good fun
I think that means me me has 15.8 million!
And deb81e has declared a 7 million holding.
me me - 16 Oct'03 - 17:35 - 10 of 2306
Ive got 7,880,658 for the record. See you all Monday of on a long weekend
me me - 16 Oct'03 - 17:37 - 11 of 2306
Matto
Sorry just short of 8 mill
matto - 16 Oct'03 - 17:37 - 12 of 2306
Me double counting for you!
matto - 16 Oct'03 - 17:47 - 13 of 2306
I would suggest you guys get organised and get to the AGM on Monday with as many votes as you can muster just so the company don't spring any nasty surprises on you.
Ellemaitch - 16 Oct'03 - 17:49 - 14 of 2306
dont forget my 3 million to your calculations ! nice to see the directors come out with a statement saying they do not know the reason for the sharp movement on this share - that should steady things UP
safman - 16 Oct'03 - 17:50 - 15 of 2306
TOMORROW WE WILL SEE WHETHER OR NOT MMS HAVE BEEN CAUGHT BY THE B*LLS.. i rate mms, experts, but if they have this wrong... ho ho ho.. to the buyers...
psps - 16 Oct'03 - 17:57 - 16 of 2306
i could only get 333,333 instead of 1 mlm
anyway my holding now is 831,110 (peanuts as compared to others)......
Jeff_V - 16 Oct'03 - 18:00 - 17 of 2306
I doubt the registrar could sort us out in time to vote at the AGM. But, it would be interesting if there were significantly more shares registered to vote than there are in circulation, wouldn't it?
cougar6 - 16 Oct'03 - 18:04 - 18 of 2306
does any one have the resoulations for the agm and proxy form with them on ? prob have the most shares on this board
Jeff_V - 16 Oct'03 - 18:10 - 19 of 2306
The MM gamble is that RSV won't find anyone interested in the shell. I'd think that they need to make it a tad more expensive to be safe on that one. Well, tomorrow should be interesting.
Wonder how wealthy the directors are personally. MBO is the other obvious solution at this value.
jmillskeel - 16 Oct'03 - 18:16 - 20 of 2306
can anybody do a good looking table and volume and i'll put it on the header ??
CRIMEPROTECTION - 16 Oct'03 - 18:17 - 21 of 2306
For the record I hold 3 million, 2 mill @ 0.1 & 1 mill @ 0.05. Never mind see what delights tomorrow brings!
Gantenbrink - 16 Oct'03 - 18:38 - 22 of 2306
I've only just been alerted that there was so much posting on this site having raised queries on other sites.
I hold 3,750,000 and am baffled as to what's going on. game There are far more buys that there are shares.Being relatively new to the game I don't know whether I've struck gold or bought a white elephant.
Any straight forward explanations of what's occurring would be gratefully received.
Many thanks
cougar6 - 16 Oct'03 - 18:43 - 23 of 2306
Its a gamble on this type of share but I feel a bid will come
rescuer - 16 Oct'03 - 18:44 - 24 of 2306
sorry to intrude on YOUR HOLDERS thread but i got this from comanpies house for you guys, you'll need to ring directories for the telephone number, but the address is correct, unlike the one thats published on some of the Finacial Web Sites.
Name & Registered Office :
ROOM SERVICE GROUP PLC
1ST FLOOR
159 BRENT STREET
HENDON
LONDON NW4 4DH
Status :Active
Company No. :03916791
Date of Incorporation : 26/01/2000
Country of Origin : United Kingdom
Company Type: Public Limited Company
Nature Of Business (SIC(92)):
7487 - other business activities
Accounting Reference Date : 31/12
Last Accounts Made Up To : 31/12/2002 (GROUP)
Next Accounts Due : 31/07/2004
Last Return Made Up To : 26/01/2003
Next Return Due : 23/02/2004
Last Members List : 26/01/2003
Last Bulk Shareholders List : 26/01/2003
Previous Names
Date of Change : Previous Name :
08/01/2002 THE CUBE8 GROUP PLC
14/06/2001 CUBE8.COM PLC
psps - 16 Oct'03 - 18:45 - 25 of 2306jmillskeel,
my total holding is 891,110 .
i can to a nice table on excel for us holders and post it
psps - 16 Oct'03 - 18:55 - 26 of 2306
jmillskeel -------- 15 Mln = 12.3%
photo director --- 10 Mln = 8.0%
very quick---------- 8 Mln = 6.4%
me me --- 7.8 Mln = 6.3%
deb --- 7 Mln = 5.6%
m.samea --- 6.6 Mln = 5.3%
easymoney -- 5 Mln = 4.0%
London metro ----- 4.5 Mln = 3.6%
jeff-v--- 2.6 Mln = 2.1%
psps---- 891,000 = PEANUTS
thats a total of 53.7% of shares
and the top holder is with 12.3% jmillskeel for CEO
londonmetro - 16 Oct'03 - 19:03 - 27 of 2306
jmillskeel blimey got in from work and needs updating again does this now mean we now hold 74,294953 of the shares thats!!!!!!!!!!!!!!!!!!! 59.81% of the company now owned by 12 people need to add gantenbrink at 3,750,000 and crimeprotection at 3,000,000
daza70 - 16 Oct'03 - 19:12 - 28 of 2306
400,000
suahb - 16 Oct'03 - 19:14 - 29 of 2306
500000 for me. something very wrong somewhere with all this
cougar6 - 16 Oct'03 - 19:14 - 30 of 2306
hi the good news is thatwe only need 20% of the company shareholders to stop the agm
havana1 - 16 Oct'03 - 19:16 - 31 of 2306
ROOM SERVICE IS IT A JEWISH COMPANY?IF IT IS I AM STARTING TO UNDERSTAND WHY IT'S SHARE PRICE IS FALLING.I HOLD 1.3M SHARES IN THIS COMPANY NOW WHEN I SAW IT'S PHYSICAL ADDRESS ON THE NET ,I AM ASKING MYSELF WHY I WENT FOR THIS SUICIDE MISSION.LET US WAIT FOR THE NEXT COMING DAYS.
Ellemaitch - 16 Oct'03 - 19:17 - 32 of 2306
psps - add my 3mill to ure tally ! However , if the directors have held all their shares , the MMs are selling something they aint got !
Skiboy10 - 16 Oct'03 - 19:20 - 33 of 2306
500K
SILIO - 16 Oct'03 - 19:21 - 34 of 2306
150k
tonyx - 16 Oct'03 - 19:22 - 35 of 2306
You guys deserve to be rewarded here.Never seen anything like this!
One question, with all the above having over 3% holdings, why no RNS's?
Good luck for tomorrow.
jmillskeel - 16 Oct'03 - 19:23 - 36 of 2306
rescuer, it not just a holders thread you are very welcome.
cougar6 - 16 Oct'03 - 19:31 - 37 of 2306
jmillskeel are you going to the agm ?
londonmetro - 16 Oct'03 - 19:34 - 38 of 2306
psps can you update list please with all current holders thanks and move it to top of thread
easymoney03 - 16 Oct'03 - 19:35 - 39 of 2306
ill be top of that list soon im buying up at least 25 million tomorrow its peanuts but if this company can be sold as a shell i will make big time this is a must buy for all the speculators and gamblers out there,ive traded for 15 years and ive never been so interested in a stock it really is a massive gamble i know but ask yourself what a decent shell costs in todays market??my guess is the mm are trying to buy up huge chunks but first they have to lower the price to let all the suckers jump ship then they will take all see you all at the agm....................
jmillskeel - 16 Oct'03 - 19:36 - 40 of 2306
Beastman - 16 Oct'03 - 16:24 - 545 of 634
Okay just got off the phone to the company's Brokers : John East & Partners, Tel: (020) 7628 2200. Told me there is a AGM on Monday, 2 new directors will be appointed and the company name is going to change.
Apparantly the broker and the stock market are investigating the share price movement.
jmillskeel - 16 Oct'03 - 20:00 - 41 of 2306
psps - 16 Oct'03 - 20:19 - 42 of 2306
jmillskeel----PLEASE UPDATE
MAJOR SHAREHOLDERS FROM ADFV BB
jmillskeel -------- 15 Mln = 12.3%
photo director --- 10 Mln = 8.0%
very quick---------- 8 Mln = 6.4%
me me --- 7.8 Mln = 6.3%
deb --- 7 Mln = 5.6%
m.samea --- 6.6 Mln = 5.3%
easymoney -- 5 Mln = 4.0%
London metro ----- 4.5 Mln = 3.6%
gabtenbrink ----- 3.75 Mln = 3.0%
ellenaitch ---- 3 Mln = 2.4%
Crimestopper---- 3Mln = 2.4%
jeff-v--- 2.6 Mln = 2.1%
SMALL HOLDERS CLUB
psps---- 891K
skiboy10--- 500K
suahb----- 500K
daza70---- 400K
sili10---- 150K
THATS AROUND 63.7% stake
Stoorie - 16 Oct'03 - 20:24 - 43 of 2306
300K
suahb - 16 Oct'03 - 20:24 - 44 of 2306
i smell a bombay duck
safman - 16 Oct'03 - 20:26 - 45 of 2306
bombay duck... ROOM SERVICE! PLZ!
psps - 16 Oct'03 - 20:27 - 46 of 2306
its not called BOMBAY anymore..............its MUMBAI DOCK
safman - 16 Oct'03 - 20:30 - 47 of 2306
i simply cannot believe the holdings.. he says.. amazing.. never seen this before .. and he has'nt.. soaaa... whatya gonna call the company... !!
JAN8MM - 16 Oct'03 - 20:31 - 48 of 2306
fried freekinig duck ... Flied lice you plick...... Aromatic Crispy duck with a hint of room service,,,,, and that is from thinking you got bargain at 0.22p a share and now...hahaha...dam ...
JAN8MM - 16 Oct'03 - 20:35 - 49 of 2306
Good rise in the morning would be appreciated especially welcomed by top-ups today.
psps - 16 Oct'03 - 20:36 - 50 of 2306
somehow the sums dont add up.
IF bb have around 78 mln shares out of a total holding of 124mln and surl;ey directors must hold the rest................
so where have the MM got the shares to sell (IF NO ONE HAS SOLD)???????????
JAN8MM - 16 Oct'03 - 20:37 - 51 of 2306
Investigation is welcomed,,, MM's caught in the act... went a bit far..
Opthalmist - 16 Oct'03 - 20:38 - 52 of 2306
They are selling your nominee shares (borrowed from the broker) and going short.
Why do you think they charge you for certs?
rarther - 16 Oct'03 - 20:50 - 53 of 2306
Let's not get carried away here ladies & gents.
Having a big chunk of a company is a very nice feeling, but do you really know what's going on with this company?
Reality check!
Yes the market cap has turned to dust (£70k?) and this could be a 5-bagger if the company does what it has been trying to do (rto), but where are these shares that we are buying coming from? Your "6% of company" could actually be 2% or less if Hannover are in fact selling their shares before they've been given them, as someone pointed out earlier.
"It is proposed that Room Service Group PLC will settle its #216,312.35
indebtedness to Hanover in due course by an issue of ordinary shares in Room
Service Group PLC."
The Market Makers aren't idiots. They can see exactly what we're doing but we're blindfolded. They don't just sell more than 100% of a company for pittance and then pay much more for it back shortly afterwards.
They aren't running short of stock, someone is feeding EVO an endless supply. It is not the directors as the statement issued earlier shows.
How much more is the company going to be diluted and what happens afterwards? 75% of shares in the hands of AFN users?(i.e. 75% back in the hands of the mms within a month or two).
I'm holding 1m for the record, too risky & unclear to be anything other than a punt.
Best wishes to those holding.
VERY QUICK - 16 Oct'03 - 20:54 - 54 of 2306
Hi guys did i really start all this buying madness??? Will hope to buy 10 mill more tomoro if there are any shares left to buy.
VERY QUICK - 16 Oct'03 - 20:55 - 55 of 2306
MM's must be completely mad. Ask for all the share certificates and lets see wot happens. they are well short of stock where are all these shares coming from out of a magic hat??????????
VERY QUICK - 16 Oct'03 - 20:57 - 56 of 2306
Maybe MM's have a secret printer for all the shortfall??????
safman - 16 Oct'03 - 20:57 - 57 of 2306
MMS are not stupid.. or are they on this one?? - normally rate mms but they may be in a pickle tomorrow... so it may seem.. we will have to wait and see...
cougar6 - 16 Oct'03 - 21:04 - 58 of 2306
hannover cant sell shares they have not been issued. and the board have to announce any placing to them. so need the stock exchange to look into this one going to be black friday for some one !!
DP1 - 16 Oct'03 - 21:27 - 59 of 2306
Can someone please explain Hannover - Is this a parent company with deals in insurance and property? Or am I barking up the wrong tree?
psps - 16 Oct'03 - 21:34 - 60 of 2306
there should be FULL investigation on RSV trades by LSE on MM ?
i reckon all will come out in the open soon.
rarther - 16 Oct'03 - 21:39 - 61 of 2306
DP1 I don't think anyone knows, the company is so bizarre.
Apparently they are a mining company who bought RSV's debt.
Cannot for the life of me think why they would want to do that...
Anyone care to shed some light?
ps. psps I hold 1m, why don't I get any fame? lol
rarther - 16 Oct'03 - 21:39 - 62 of 2306
edit
psps - 16 Oct'03 - 21:44 - 63 of 2306
rarther,
i will post new holding tomorrow
smraynot - 16 Oct'03 - 21:46 - 64 of 2306
Is it worth buying in at mid point 0.03 first thing tomorrow or are they going into liquidation??
DP1 - 16 Oct'03 - 21:48 - 65 of 2306
I know someone working at Hanover - I'll give him a quick bell
DP1 - 16 Oct'03 - 21:50 - 66 of 2306
Got the answer phone, I'll call again a bit later
smraynot - 16 Oct'03 - 21:51 - 67 of 2306
Cheers,dont want to buy into nothing, can put money down the drain easily.
cougar6 - 16 Oct'03 - 21:51 - 68 of 2306
hanover control about 5 shell companies i think
smraynot - 16 Oct'03 - 21:53 - 69 of 2306
Good luck all for tomorrow and goodnight.
safman - 16 Oct'03 - 21:55 - 70 of 2306
either u guys will be out of pocket.. or the new major sharholders in whatever ltd... all in all mms may be in a spot of bother tomorrow... watch out for buying restrictions...
DPMCQ - 16 Oct'03 - 21:58 - 71 of 2306
Dont own any of these but will be VERY interested to see what happens tommorow.
I am sure there are probably one or two other companies out there that could end up the same way depends on what the outcome of this game is?
Question - don't the peps who bought more than 3% today have to (by LSE law) inform the company or the LSE so an RNS can be issued?
Good Luck to all that hold....
This buying up of a company is very Warren Buffet!!!!
rocket fuel - 16 Oct'03 - 22:17 - 72 of 2306
most of you could have paid half today what you bought for yesterday, and half again tomorrow.
londonmetro - 16 Oct'03 - 22:27 - 73 of 2306
this is where the sums dont add up and we need all parties to make rns to get true picture.... on 28/02/03mr g gold held 25,201,846 ie 20.29%, r pearl owned 18,571,646 ie 14.95%, r cook owned 5,714,280 ie 4.6% that makes a total of 39.84% of company...we hold63.70%
total is 103.54% not withstanding all the smaller holders someone is telling porkies............................
rns's can only sort this out as hannover have not made a rns since feb on the total number of shares held by them it makes it hard to find out total number of shares in issue all i can say is in the last few rns's stock exchange have confirmed to us that as far as they are concerned total no of shares in issue is 124,000,000 so who is lying to us??????????????
should be make a joint approached to stock exchange as we hold just under two thirds of this company as show everyone we are not to be messed with...
good luck to everyone topping up tomorrow ....
alexicacon - 16 Oct'03 - 22:46 - 74 of 2306
londonmetro, It adds up if Hanover had 1000,000,000 shares and wanted to sell as many as they could. Then you lot would only own about 7%.
jjjacqueline - 16 Oct'03 - 23:13 - 75 of 2306
I am an employee
alexicacon - 16 Oct'03 - 23:20 - 76 of 2306
will you be buying tommorrow?
rescuer - 16 Oct'03 - 23:36 - 77 of 2306
good post rarther no 53
the rsv "team" need to get together as i posted earlier
will be watching and reading tomorrow, with the rest of advfn i'm sure.
good luck and goodnight.
jmillskeel - 17 Oct'03 - 06:38 - 78 of 2306
Re RNS,spoke to TDW yesterday morning about the holding and they said they would "sort it out" heard nothing.
jmillskeel - 17 Oct'03 - 07:48 - 79 of 2306
I think we should talk about our holdings in private, away from some peoples eyes,i post me email address here for 10 mins.
Ellemaitch - 17 Oct'03 - 07:49 - 80 of 2306
early L2 ; scap 0.07/0.12 : EVO who closed at 0.01/0.06 have opened 0.05/0.1 ; WINS 0.05/0.1
londonmetro - 17 Oct'03 - 08:05 - 81 of 2306
Having for the first time ever the other day seen more shares traded than were in the company today I want a new record - the highest ever 1 day percentage rise in a share!
PS Nobody sell - just keep buying and see what happens!
tonyleongson - 17 Oct'03 - 08:07 - 82 of 2306
300%?
Ellemaitch - 17 Oct'03 - 08:07 - 83 of 2306
all swapped round now ; EVO 0.05/0.1 ; SCAP 0.08/0.13 / WINS 0.07/0.12
Justjus - 17 Oct'03 - 08:07 - 84 of 2306
2.4k @ 0.1p!!!
VERY QUICK - 17 Oct'03 - 08:09 - 85 of 2306
up 70% this morning. offer 0.100p wanted to buy 2 mill more at 0.060
psps - 17 Oct'03 - 08:11 - 86 of 2306
THIS would be the best EVER day for all of us.................
UP 80 %.
did anyone manage to buy as yet
VERY QUICK - 17 Oct'03 - 08:13 - 87 of 2306
Steady rise today to 0.150p would be good. All blue again today. I can see this at 0.300p+ by end of the month.
rarther - 17 Oct'03 - 08:15 - 88 of 2306
Evo have more to offload though (20% cheaper to buy from them)... they have just decided to sell at twice the price.
safman - 17 Oct'03 - 08:16 - 89 of 2306
watching with interest...
jmillskeel - 17 Oct'03 - 08:16 - 90 of 2306
isn't if funny that the mm can show trades to suit them, mmmmmm......bending the rules a bit ???
psps - 17 Oct'03 - 08:17 - 91 of 2306
not true.as i can only get hold of 10,000 shares.
comdirect will NOT allow me to buy more than that
alia - 17 Oct'03 - 08:18 - 92 of 2306
com direct letting u buy a mil on line now
raincheck - 17 Oct'03 - 08:42 - 93 of 2306
just joined you for the fun of it,as I 'm interested to see how the mm's play this one out, could someone post L2 info please ,
regards
RC
rescuer - 17 Oct'03 - 08:45 - 94 of 2306
evo's 0.05 / 0.1
scap and wins 0.07 / 0.12
rescuer - 17 Oct'03 - 08:49 - 95 of 2306
advfn have eventualy adjusted the MKT CAP, from £1.24m to £0.09m
and filled in other stuff, which had been omited until today
NAV + 0.8p
Net Cash Per Share 0.6p
raincheck - 17 Oct'03 - 08:52 - 96 of 2306
Thanks rescuer -any thoughts on what is happening
regards RC
daveperry - 17 Oct'03 - 09:00 - 97 of 2306
Here is a list of major shareholders. If ADVFN holders have bought more shares
than exist + some of the holdings listed below, the MMs must be seriously short.
RSV could raise money with a share issue to let the MMs off the hook or the
company could fold up which also lets the likes EVO clean up.
Shares in issue: 124.2m 1p Ords
Major Shareholders Amount % Holding
Gerald Stuart Gold 25,201,846 20.29
Ronald Stuart Pearl 18,571,646 14.95
Photo Distribution Ltd 10,000,000 8.05
Tryway Investment Limited 7,453,504 6.00
Mrs Margaret Samea 6,600,000 5.31
Timothy Dean-Smith 0 5.20
Michael Gold 5,714,280 4.60
J G Hallsworth 3,919,500 3.17
psps - 17 Oct'03 - 09:04 - 98 of 2306
that adds upto around 78 mlns and on top as posters CLAIM it they all have around another 70 mln....which adds upto 148 mln as cmpared to 124 mln in issue ?????
which posters are telling the truth above their holdings
Beastman - 17 Oct'03 - 09:05 - 99 of 2306
Okay heres the news for the AGM on Monday, 20th October 2003.
AGM held at RSV Brokers office at 11:00AM
Address
JOHN EAST & PARTNERS LTD
28-30 WORSHIP STREET
LONDON
EC2A 2AH
Tel No.
020 7628 2200
Two new directors are being appointed.
Director 1, Nicholas Greestone
Director 2, Ray Harris
The new proposed company name is going to be Azure Holdings PLC
JAN8MM - 17 Oct'03 - 09:12 - 100 of 2306
So as I dont have a clue, changing Directors and Name is that going to be good/bad for value of our holdings...(huge holdings especially by ADVFN users)...
psps - 17 Oct'03 - 09:14 - 101 of 2306
comdirect limi on buy is back to 10,000
bid at .08p and offer at .1p
PaulKent - 17 Oct'03 - 09:17 - 102 of 2306
looks like great fun, but be4 piling in, could someon explain to me the detail of the capital reorganisation...coz i thought i read somewhere that it would mean that Chiddingfold, after converting their £100k loan into 10million shares, would own around 90% of the company...so will the current 124 million shares be turned into 1.24 million shares, ie one share per 100 held?...and if so, why is it then a good investment, or is this why you ahve all been buying so you can stop this happening?...but then if you stop it happening what will happen coz i presume Chiddingfold will jsut demand repayment and it will go bust as it gave all other investments away to Coran?...i think...
jsut asking for info be4 joining in, if i decide to!...ta
londonmetro - 17 Oct'03 - 09:18 - 103 of 2306
jmillskeel:- if we add all of the people on post 97 to header we are over the top can this be done as we can only wait for rns's to confirm holdings then delete all who are telling porkies...........
Kael - 17 Oct'03 - 09:19 - 104 of 2306
jmillskeel, need to update the holdings list erm...I'm on 500K, no porkie.
londonmetro - 17 Oct'03 - 09:22 - 105 of 2306
we are correct no porkie
VERY QUICK - 17 Oct'03 - 09:24 - 106 of 2306
My 8 mill holding is real.
2 mill at 0.120p
2 mill at 0.110p
2 mill at 0.100p
2 mill at 0.090p
Thats me sorted
Average 0.106p
Hold 6.4%
Beastman - 17 Oct'03 - 09:28 - 107 of 2306
My holding is 1.5 mill at 0.09
daveperry - 17 Oct'03 - 09:32 - 108 of 2306
londonmetro
It is a well known fact that more shares can be sold than are in issue. While
people hold shares in nominee accounts, billions could be sold but there would
be a problem if people asked for their certificates. The registras would only
allow only shares in issue.
Dave
psps - 17 Oct'03 - 09:32 - 109 of 2306
my holding is 831,100 .......HONESTLY.
(NO PORKIES)
PaulKent - 17 Oct'03 - 09:33 - 110 of 2306=
anybody know the answers to my questions?? ..er..anybody care?!!! (post 102)
deb81e - 17 Oct'03 - 09:35 - 111 of 2306
i'm still holding 7,000,000 at an average 0.92
Kael - 17 Oct'03 - 09:36 - 112 of 2306
I think we should all ask for our certificates :)
VERY QUICK - 17 Oct'03 - 09:38 - 113 of 2306
WEll done Deb81e looks like you have a good Average.
rocket fuel - 17 Oct'03 - 09:40 - 114 of 2306
more than likely the volume will dry up after today and the price will settle somewhere below what everyone has paid. massive dilution on the way no doubt.
VERY QUICK - 17 Oct'03 - 09:40 - 115 of 2306
Paul Kent there has been no news on RNS that this will or has happened??
psps - 17 Oct'03 - 09:41 - 116 of 2306
Paul,
not really......most of us have taken a gamble (apart from the ones who are talking porkies) but hope noone is telling porkies
as it would be really interesting stock to hold and watch
VERY QUICK - 17 Oct'03 - 09:42 - 117 of 2306
Rocket Fuel if you dont have positive news to tell us then shut up. Where is your proof of dilution???
dell314 - 17 Oct'03 - 09:45 - 118 of 2306
Very quick - Details of a capital reorg were mentioned with recent results but none of you large holders seem to have checked the details.
If Paul's findings are correct, it may explain what is happening,...
Rgds
dell
PaulKent - 17 Oct'03 - 09:46 - 119 of 2306
very quick
but it was in the final results wastn it?..the only thing i couldnt find was the deatil of the capital restructure..but simonevans on another thread came up with teh dilutions i think and the fact that chidding might have 90%...thats why i was asking
brugha - 17 Oct'03 - 09:47 - 120 of 2306
couldn't buy 100k online
RBonnier - 17 Oct'03 - 09:47 - 121 of 2306
Bid falling buying at .1 could be a trap
dell314 - 17 Oct'03 - 09:51 - 122 of 2306
This was in the finals but not very clear. Someone needs to get the circular that accompanied the AGM notice to get full details:
The auditors have drawn attention to the 'going concern' status of the Group
because there are at present no trading businesses while there remain a number
of creditors outstanding. On 3 April 2002, Hanover Capital Group plc ('Hanover
') announced that it was to acquire the outstanding debt of £216,000 from the
creditors of Room Service Group plc.
In the event, Hanover only succeeded in acquiring debt of £119,760 from the
creditors of the Group, leaving £96,740 outstanding. The directors have been
notified that Chiddingfold Investments Limited ('Chiddingfold') has acquired the
Hanover debt and has accordingly become a creditor of the Group.
Your directors have agreed that Chiddingfold will enter into arrangements to
make a loan of £100,000 to the Company, convertible, subject to shareholder
consent, into ordinary shares at 1p per share after the capital reorganisation
referred to below, to enable it to discharge its remaining creditors.
During the course of the year, the company incurred a liability to Coran
Investments Limited ('Coran') for the provision of services. The company has
agreed to discharge this liability by transferring its remaining investments to
Coran. On realisation, Coran shall be entitled to retain the first £50,000 of
sale proceeds with any surplus over £50,000 being shared equally between Coran
and the Company.
Included in the notice of meeting accompanying the financial statements are
details of a capital reorganisation, designed as a first step towards placing
the company in a position to seek an acquisition, which would be a reverse
takeover, intended to restore some value to shareholders.
http://www.uk-wire.com/cgi-bin/articles/200309220700119944P.html
Gantenbrink - 17 Oct'03 - 09:54 - 123 of 2306
My holding is 3,750,000 at .0725 bought 1 mill at .1 on weds, 750k at .09 thurs am and 2mill at .05 thurs pm.
I should be getting on with my real job but the excitement here is too great. I will now be taking the day off on Monday to attend the Agm .
Keep the news coming.
brugha - 17 Oct'03 - 09:55 - 124 of 2306
O.K
Chalk be up for 50K. LOL
Surely I get a fat cigar and a secretary
Even an ugly one?
VERY QUICK - 17 Oct'03 - 09:56 - 125 of 2306
Thanks for that post dell314.
VERY QUICK - 17 Oct'03 - 10:00 - 126 of 2306
20 mill traded again so far today. How much longer can this go on????
matto - 17 Oct'03 - 10:02 - 127 of 2306
PaulKent - I think you're probably spot on. The proposed dilution seems about right and these shares may already be being sold by the MMs. If there's a vote at the AGM on it and I believe there will be, presumably the directors will try and force the issue by saying unless the vote is passed the company will have to be put into administration as Chiddingfold will demand immediate repayment of the debt.
brugha - 17 Oct'03 - 10:05 - 128 of 2306
Another 50k
Can I have one with her own teeth please.
VERY QUICK - 17 Oct'03 - 10:06 - 129 of 2306
The point on RNS news about company holdings ie... Stake holdings read Kamlani's post 665. He may well have a point on nominee accounts.
cougar6 - 17 Oct'03 - 10:07 - 130 of 2306
on the other posting shows the new proposed directors , one I think was auditor, its the same gang behind many shells, they take fees in shares for doing little. there are more shares being traded than avaible. so it has to be that they are selling short knowing that on monday they will approve the new issue for debt and will have recovered some cash at discount. we need to have agm put off and let the mm and board no how we feel
MrShortForever - 17 Oct'03 - 10:08 - 131 of 2306
Just manages to find an internet cafe.
Is this a wind up?
WHY?
VERY QUICK - 17 Oct'03 - 10:10 - 132 of 2306
Offer down. MM's are playing games with us.
Cougar6 you may have a point, but hope this will not happen????
PaulKent - 17 Oct'03 - 10:10 - 133 of 2306
any of you experienced traders know what it means when someone buys just ONE share in a company..Im sure ive heard its a bit of a secret signal in the City...just happened at MNU...any ideas?..
matto - 17 Oct'03 - 10:11 - 134 of 2306
The nominee should declare any notifiable interests on behalf of the holder. They may need nudging though.
Kael - 17 Oct'03 - 10:11 - 135 of 2306
test
brugha - 17 Oct'03 - 10:11 - 136 of 2306
Careful guys
If you act together you form concert? party. And have legal obligation to inform FSA I believe
You may end up having to buy company at highest price paid or some such ruling
Something about this reminds me of CRI
Any eggheads on this thread to clarify matters?
brugha - 17 Oct'03 - 10:12 - 137 of 2306
PaulKent
If you're blaring it on the BB it's not very secret is it? LOL
PaulKent - 17 Oct'03 - 10:16 - 138 of 2306
ha, brugha..fair point...but i think its pretty obvious that one share was bought...but i dont know what it means?!!!
and re the concert party...i presume they would have to prove that parties were acting together "with a view to bid" in order to enforce the "highest price paid in prev 12 months rule"....whereas i think whats happened here is jsut that everyeones bought and then realised they own (possibly) a big chunk of company...
VERY QUICK - 17 Oct'03 - 10:16 - 139 of 2306
Brugha who said we acted together, we all bought shares in our own right and took a chance,
PaulKent - 17 Oct'03 - 10:17 - 140 of 2306
s**t..jsut heard on telly that Dawson and Hill are injured...!
brugha - 17 Oct'03 - 10:18 - 141 of 2306
It is being openly discussed here.
"Acting together" if you ask me.
MrShortForever - 17 Oct'03 - 10:19 - 142 of 2306
You lot have lost the plot!
Why?
dell314 - 17 Oct'03 - 10:19 - 143 of 2306
Paul - I thought Les Dawson and Benny Hill were dead.
Rgds
dell
dell314 - 17 Oct'03 - 10:22 - 144 of 2306
Paul - I think the 1 sell trade signal is an old wive's tale. Surely with mobile phones etc there is no need for something as publicly obvious as a signal trade.
Re acting together at the AGM, you need to check settlement dates. You may not even be shareholders at the time of any vote.
Rgds
dell
Kael - 17 Oct'03 - 10:23 - 145 of 2306
its a test trade i think
PaulKent - 17 Oct'03 - 10:25 - 146 of 2306
dell..ha! very good!..(oh, and Kiwis kick off in five mins for anyone interested in watching our opponenets in the final!!)
and ur prob right re old wives ...just can never understand why anyone buys one share tho...?
rescuer - 17 Oct'03 - 10:26 - 147 of 2306
Just a couple of points that i've picked up on reading this mornings posts.
1) > there is a sugestion that there may be a dilution at the AGM on Monday, hence EVO's selling this short.
If that were to be the case, EVO's are acting totaly unethicaly, as they are not in a position as anyone else is, to predetermin the outcome of a meeting and the fact that they are gambling on the "insolvency issue". If they are aware that if diultion doesn't take place then the company will fold, then they shouldn't be maeking a market, where they KNOW that what they are selling you is overvalued. This is a serious breach of regualtions, is indsider dealing and a matter which needs to be taken up by the FSA at once.
2) if Chiddingfold spit there dummy out and pull out, so what, the dozen or so "major shareholders" could replace Chiddingford and offer the finance, it's only double what you guys have already put in anyway, and with a return of 0.6p cash per share, you'll still have a 300% return on your investment.
I don't want you to feel as if i'm teaching my granny to suck eggs here, so apologies in adavnce if i'm stating the obvious, but when the big buys started coming in, i;m sure most of you were buying for a quick return, a bounce, a bit of fun or even all. But the goal posts have change somewhat, and you guys are now in a very powerful position, dont let the market rip you off, or the "new board" for that matter, your voice pre - AGM is louder than anybodys.
Kael - 17 Oct'03 - 10:27 - 148 of 2306
hehe well said.
PaulKent - 17 Oct'03 - 10:31 - 149 of 2306
rescuer
what if they already knew of "eligible" votes cast to agree on dilution?..and maybe purchases made in alst few days wont be eligible?..
and re market making..cant see its their fault if loads of people want to buy something that will be devalued soon...and if the demand is great then they had to raise price surely..?..the only "unethical" thing they might be doing is selling a share for more than THEY think its worth...but hell, thats what makes the market work in the first place isnt it??...otherwise why would ANYbody sell ANYthing!
dell314 - 17 Oct'03 - 10:31 - 150 of 2306
Paul - Single share purchases are bizarre but they get you on the share register and privy to all circulars, reports etc that get mailed out, so may be advantageous to someone researching a company.
Rgds
dell
smraynot - 17 Oct'03 - 10:38 - 151 of 2306
Price coming down all the time. Hoping for the buy at 0.03 by early p.m.
rescuer - 17 Oct'03 - 10:43 - 152 of 2306
Paul >> i take your point and yes i think you correct, but knowone should be aware, other than RSV house broker, what the direction Mondays meeting should or will take. It's like me being CEO of Vodaphone and ringing U this afternoon saying "oh by the way Paul, sell all of your VOD shares, coz were going to issue anther 500m on Monday, which will no doubt screw the price, but dodn't tell anyone.
matto - 17 Oct'03 - 10:52 - 153 of 2306
Some good points made above. Other things which may be worth noting
Currently the shares are 1p Ords. It is not possible to issue new shares at below 1p (the nominal price)
The Capital Reorganisation will need to be passed before new shares at 0.01p (or similar) can be issued. This I think may require more than a simple majority to be passed.
There may be rules in the company articles which allow for adjournment of meetings.
The dirty dozen seem to have disappeared, presumably they're busy sorting all this out!
cougar6 - 17 Oct'03 - 10:55 - 154 of 2306
Does anyone have what the proposed resoulutions on monday are ?
jmillskeel - 17 Oct'03 - 12:23 - 155 of 2306
Miss much ??
jmillskeel - 17 Oct'03 - 12:23 - 156 of 2306
paulk sent you email get it ??
backpacker - 17 Oct'03 - 12:25 - 157 of 2306
what do you intend to gain jmillskeel?
where is this share going, can you vote the board out?
bp
cougar6 - 17 Oct'03 - 12:27 - 158 of 2306
jmillskeel can you email me on cougar601@hotmail.com
PaulKent - 17 Oct'03 - 12:32 - 159 of 2306
jmill
yes got it!
jmillskeel - 17 Oct'03 - 12:38 - 160 of 2306
Backpacker, money what do you intend to gain ??
We don't buy shares for something to do ??
rescuer - 17 Oct'03 - 12:42 - 161 of 2306
Hi BP >> all set for tomorrow, sorry not on the other thread, this is far too engrossing
backpacker - 17 Oct'03 - 12:44 - 162 of 2306
hi rescuer, i think we are getting there about 5, prob see you in the bar at 6pmish?
Gantenbrink - 17 Oct'03 - 13:05 - 163 of 2306
I have just spoken to Simon Clemence at the company brokers 020 87628 4473 to try and see what will happpen at the Agm.
Forgive my lack of technical knowledge etc but if I understood correctly they will probably look to (I forget the term but) basically change every 100 shares for 1 new one hence in effect every share valued at say .05p today would then be worth 5p.
From other bits I have read I understand that possibly some of the major creditors have the right to convert their debts to shares at 1p per share so hence if the other resolution goes through they could get lots and lots of shares at about 20% of the current price.
I hope I have got this right but would welcome anyone elses confirmation and indeed their interpretation.
I am a nominee shareholder and at present am trying to establish whether I can get to vote for having spoken with the registrars I do not as yet appear on the register ( Capita Registrars Kevin Matthews 020 8639 2107). I wonder if a number of the other major holders are in the same boat possibly able to attend but not to vote which could mean resolutions could just sail through as planned.
Any more info/ explanations would be useful
Thanks
rescuer - 17 Oct'03 - 13:17 - 164 of 2306
Ganten >> it's not the fault of the new major shareholders that the registers have not or won't be undated in time, however, proof of delivery (your contract notes) should suffice. You need to ring the registars and they may ask you to fax your contract notes thro, but if you can circumnavigate the the slow process of registration it would be beneficial to you guys at the AGM. Dont take no for an answer, they are legaly obliged to offer you a voice and vote, but they may try to stall so they can move Monday forward without any complications.
matto - 17 Oct'03 - 13:23 - 165 of 2306
If you hold through a nominee I don't think the registrars can help. You probably need a letter from your broker stating your entitlement to vote but proof of your holding - as a very last resort - may be sufficient.
Once you're there it may be best to vote against everything. Certainly you have to vote against the capital reorganisation.
cougar6 - 17 Oct'03 - 13:30 - 166 of 2306
Hi guys who are willing to put up cash to keep the company going. I am
smraynot - 17 Oct'03 - 13:33 - 167 of 2306
Im afraid advfn will not save this company, the major shareholders will walk all over you.
cougar6 - 17 Oct'03 - 13:44 - 168 of 2306
they will only issue shares at settlement date they tell me
PaulKent - 17 Oct'03 - 13:45 - 169 of 2306
so in a nutshell, we have a band of holders who have probably bought in the last few days and who IF they are able to vote would certainly be able to block the capital reorganisation, which was after all subject to shareholder approval. This would then probably trigger Chiddingfold calling in their debt, which would then mean the new "owners" would have to find the £100000, but at this stage that would almost certainly represent better value for them than simply seeing a 10:1 dilution, (altho someon earlier mentioned the company had cash?..but doubtful that theres enough to pay off the £100k or they would ahve done it already?..)
so, it seems to boil down to whether shareholders have the right to vote regardless of whether their holdings are held in nominee accounts or if the have no certificates or the Registrar hasnt recognised it. Im sure there must be ways round all these; surely, IF someone legally owns something, then nobody else can vote in their place, which means they wouldnt be able to get the necessary %age of all votes required for the capital reorganisation?...does anyone know the legal position on all of this though rather than my idle speculation??!!
roller25 - 17 Oct'03 - 13:46 - 170 of 2306
A group of educated and full time day traders inadvertantly bought a small London based company.
A contradiction in terms. How can these people be both educated whilst at the same time purchasing these shares ?
PaulKent - 17 Oct'03 - 13:47 - 171 of 2306
cougar6
regarldess of certs is it not possible for people to prove ownership?..surely the people they bought the shares off couldnt vote either if it was down to certificate production, coz they would have had to return theirs?..the FACT of ownership ought to be provable by an individual in a way which was acceptable to a non-biased registrar surely?
PaulKent - 17 Oct'03 - 13:47 - 172 of 2306
ha@roller!...ouch!
PaulKent - 17 Oct'03 - 13:48 - 173 of 2306
but roller, this could turn out to be a great money making play IF they can defer the capital reorganisation and the mms are then left in deep doo doo having sold shares they never had!...could be GREAT fun!!!!!!!!!
cougar6 - 17 Oct'03 - 13:49 - 174 of 2306
Thats there ruleing. it stinks
PaulKent - 17 Oct'03 - 13:49 - 175 of 2306
im sure every neutral watching is DESPERATE for them to win this one!..
PaulKent - 17 Oct'03 - 13:50 - 176 of 2306
cougar6
i bet there is some legal advice somewhere which would enable actual owners of stock to vote in an AGM regardless of certificate production...Ive voted in them before and havent had to show certificate, jsut had to be on Registrars list at the meeting i think
shares20032002 - 17 Oct'03 - 13:51 - 177 of 2306
is it me or was there just an announcement just made????
PaulKent - 17 Oct'03 - 13:51 - 178 of 2306
mind you of course..it means there are going to WAY more votes than should be possible if the MMs have sold what they didnt have...hmmm..wonder how they deal with that one...maybe the way forward is to get a court to rule that the AGM must be deferred as there is evidence that rightful owners are being denied their right to vote??..so the dust can settle and certificates be issued, whcih would then drop the MMs RIGHT in it!!!!..
smraynot - 17 Oct'03 - 13:53 - 179 of 2306
Dont shut the gate after the horse has bolted. You bought these ridiculous shares and must now take the concequences and lose the lot. Thats gambling.
RBonnier - 17 Oct'03 - 13:53 - 180 of 2306
There is an announcement .?
PaulKent - 17 Oct'03 - 13:54 - 181 of 2306
maggie owns some more...so, one question is, how can the registrar confirm HER new level of ownership so quickly if HER certificate hasnt been issued yet either?!..surely the same must apply to everyone?
scotty500 - 17 Oct'03 - 13:54 - 182 of 2306
Just passing by and looks like fun.....If you vote against the capital re-organisation, this company then will definately not be a going concern and will probably be suspended ?
cougar6 - 17 Oct'03 - 13:54 - 183 of 2306
At agm they will have a print out of the register. and tick you off
rescuer - 17 Oct'03 - 13:54 - 184 of 2306
yep an announcement >> "Maggies Back In Town"
PaulKent - 17 Oct'03 - 13:56 - 185 of 2306
smraynot
i havent bought..couldnt see the point at all...but im now just fascinated at how this will play out...think theres a real chance of things becoming very interesting...and dont like the fact that it appears mms can sell shares they dont have yet...wonder what might happen if cap reorg is deferred and shares have to be issued..what happens in that case if mms cant fulfil orders?...
shares20032002 - 17 Oct'03 - 13:57 - 186 of 2306
she bought another 1m and now officially holding 6.75% of the co.
rescuer - 17 Oct'03 - 13:57 - 187 of 2306
Paul >> I think every neutral is hoping the dirty dozen win this one, it's absolutley ground breaking stuff. Wish i had the cash to buy some, just to tell my kids i was there, if nothing else.
If the dilution doesn't go thro, i cant see for the life of me how EVO's can get out of the poo
cougar6 - 17 Oct'03 - 13:57 - 188 of 2306
we must get meeting deferred
PaulKent - 17 Oct'03 - 13:58 - 189 of 2306
im nto sure what the grounds for suspension are scotty jsut coz a vote is defeated at AGM....and if Chiddingfold call in teh debt then again it wouldnt normally be suspended jsut cause it MIGHT default...im not sure what the grounds for suspension are but surely even if it WAS suspended, then people who have bought the sahres will still own them and will still have a vote in the future and the mms will STILl have to fulfil the orders..?
PaulKent - 17 Oct'03 - 13:59 - 190 of 2306
who are the 12..where are they?...have they got legal advice yet?..does anyone know anyone who can provide it?
vanhalen - 17 Oct'03 - 14:02 - 191 of 2306
Why dont you ask the eggheads at ADVFN, surely they have the know how and obligation to help where they can !!! After all this thread has eminated from their website.
jmillskeel - 17 Oct'03 - 14:02 - 192 of 2306
spoke to tdw, they are telling the lse and spoke to room service group.
scotty500 - 17 Oct'03 - 14:02 - 193 of 2306
Well I am going to watch with interest and hope you screw the asses off the MM's and make a mint. Unfortunately my balls are not made of steel anymore - just paper mache (if thats how you spell it).
Good luck all and will keep watching.
RBonnier - 17 Oct'03 - 14:04 - 194 of 2306
If the shares are suspended before the settlement date the market will not issue the share certificates until trading is resumed in that security.
shares20032002 - 17 Oct'03 - 14:05 - 195 of 2306
does anyone know off the top of their heads, buys vs sells???
matto - 17 Oct'03 - 14:06 - 196 of 2306
jmill - Presumably that's regarding your notifiable interest. Anyone else with a notifiable interest should tell their brokers to do the same.
If an RNS is issued regarding your beneficial entitlement that should be sufficient proof for AGM voting purposes (I would have thought).
londonmetro - 17 Oct'03 - 14:06 - 197 of 2306
are brokers are ringing as well
jmillskeel - 17 Oct'03 - 14:07 - 198 of 2306
Somebodies shorting this don't know who but somebody...
PaulKent - 17 Oct'03 - 14:09 - 199 of 2306
jmill
have sent you email!
londonmetro - 17 Oct'03 - 14:09 - 200 of 2306
shorting a minnow ??????????? how do you know
scotty500 - 17 Oct'03 - 14:11 - 201 of 2306
paulKent - Whats your take on this, these buggers are making my wallet itchy + I'd love to twat some MM's ?
matto - 17 Oct'03 - 14:14 - 202 of 2306
Here's something. I think the Capital Reorganisation will require high court approval. Don't know whether this helps, but it may mean the D4E cannot be voted on on Monday.
cougar6 - 17 Oct'03 - 14:14 - 203 of 2306
the legal posistion is complex and the company will not no the answer , there nomads will , but are unlikley to come to meeting and put them on the spot at short notice
dell314 - 17 Oct'03 - 14:31 - 204 of 2306
Why do you think the seller chose the particular day to sell that they did?
The way I see it, with settlement being T+3, none of you new holders will have any rights at the AGM and any vote will be a foregone conclusion on previously agreed commitments from large holders.....
Rgds
dell
PaulKent - 17 Oct'03 - 14:35 - 205 of 2306
scotty
im a big gobsmacked that the mms ALLEGEDLY have been selling shares they might never have, if , foe instance the capital reorganisation is not passed on monday, which i presume IS the agenda for monday??..altho no one has confirmed this yet..IF they are selling shares like this, it can only mean one of two things...either they know the rules inside out and are confident that the vote will go through because whoever they have sold shares to recently cannot participate..OR they have made a right balls up and could be in serious doo doo...what i DONT undersantd is how Maggie can have HER recent purchases approved and registered (As per RNS) by the Registrar for the company, and yet others can not...theres no way an MM could know whether its MAggie buying or someone else throug a nominee account..so i tend to favour the balls up scenario at the moment and i hope the "dirty dozen" (who the hell gave them THAT name..i prefer the "magnificent seven", coz im sure theres neither 12 or 7!!)manage to get the AGM deferred because of the clear confusion about who owns what or find a way to make sure they can vote and get the cap reorg deferred...plus the point someone made re the High Court sounds spot on too..so that would be a place to challenge too, altho if all the High COurt does is ratify an AGM vote, it might still be crucial to beat that vote or defer AGM...the play to me seems to be to squeeze the mms into having to accept their balls up and to cough up compensation to somebody!!!!
PaulKent - 17 Oct'03 - 14:37 - 206 of 2306
dell...good point..and ur prob right..but even IF the AGM vote goes through, surely the MMs will STILL on Tuesday/WEdnesday have to settle shares bought PRIOR to the reorganisation (which apparently wont physically happen till High Court approves?), and so there will still be too many shares in circulation?..or do you think all the other key shareholders will have sold in the last couple of days and they havent sold stock they dont have?..its a fun one isnt it!
scotty500 - 17 Oct'03 - 14:50 - 207 of 2306
I guess in the overall scheme of things if the MM's get caught short...its peanuts for them anyway !
matto - 17 Oct'03 - 14:51 - 208 of 2306
The MMs can probably be short for a long as they like.
If the capital reorganisation does require high court approval then surely it would be possible to have an EGM in the meantime -providing it was called ASAP - to vote against the capital reorganisation and simply drop the high court action.
rescuer - 17 Oct'03 - 14:53 - 209 of 2306
I'm not that old only 37 years, but if my education serves me well, is this not the second time something like this has happened ??, the other being in 1952 or 1953, when Mr Robert Maxwell, aledgedly sold 2.5m shares, he did have in a printing company he was selling, if my memory serves me well, i think he got away with it. But times have moved on since then.
PaulKent - 17 Oct'03 - 14:57 - 210 of 2306
matto
EGM idea sounds possibility...
and i dont undersantd what you mean re mms can go short as long as they like...surely they have to deliver stock at some point...
rescuer
wow...helluva education you had!!!!....presume you meant "did NOT have"??
rescuer - 17 Oct'03 - 14:57 - 211 of 2306
If the dilution goes thro on Monday, i think the "dirty dozen" will become "12 Angry Men", cracking film.
PaulKent - 17 Oct'03 - 15:00 - 212 of 2306
well if the doom and gloom scenarion IS correct and the MMs know what theyre doing, why the hell are they raising the bid again...they have no need to, UNLESS THEY NEED STOCK!!!...maybe they are starting to realise their problem?..and hoping to flush out some sellers??..surely if they were unconcerned theyd just sit on the lowest bid they could now?!..its all baffling as hell to me...but most excitment Ive had since CRI....ooops..bad link!!
rescuer - 17 Oct'03 - 15:00 - 213 of 2306
that the one Paul.
Anyways off to collect the kids from school, wont be back till monday, as the AHT thread has it's annual meet, (piss up) in Warwickshire, eh, the power of the day trader.
Best of luck to all holders I wish you well and look forward to the outcome on Monday.
have a good weekend.
scotty500 - 17 Oct'03 - 15:05 - 214 of 2306
If you want L2 it is 1 v 2, but more importantly EVO are on the bid !
Agincourt - 17 Oct'03 - 15:07 - 215 of 2306
Just bought 1 million shares.
I hope we know what we are doing here - lol
John Webster
PaulKent - 17 Oct'03 - 15:07 - 216 of 2306
rather wish i had bought now this morning against my instinct..didnt realise it was going to get to be this much fun!...and i would imagine now that in an Mm office somewhere the order has gone out to GET STOCK!...be fun to see how much they have to pay now...
matto - 17 Oct'03 - 15:08 - 217 of 2306
Paul, even if the doom & gloom scenario is correct what's to stop the MMs making even more money by raising the price.
scotty500 - 17 Oct'03 - 15:08 - 218 of 2306
now 3 v 3 on new bid / offer....nice spread !
londonmetro - 17 Oct'03 - 15:08 - 219 of 2306
just faxed the brokers to get our RNS issued
3.62%
Spoke to brokers and Gerald Gold on his mobile.
Seems like its time to play
PaulKent - 17 Oct'03 - 15:10 - 220 of 2306
matto
fair point..but why raise the bid at all?..they havnet been embarrassed by the huge spread all day so why not leave it where it was?..theyre paying 0.6/0.7 now i guess?
PaulKent - 17 Oct'03 - 15:12 - 221 of 2306
yup..think they are offering over 0.7 now..and you cant even BUY £50 worth online now!!!!
Agincourt - 17 Oct'03 - 15:14 - 222 of 2306
This is posted on Ample BB - rofl
FOr the first I suddenly find myself owning a reasonable chunk (circa 3%)of a seemingly popular company but am not sure whether to be happy.
There is a lot of traffic on the advfn site but no-one seems any the wiser.
There is an AGM on MOnday at the company's appointed brokers
John East & Co Tel 020 7628 2200 for anyone interested.
Baffling the company has been bought almost twice over in the last couple of days but the price hasn't gone up.
I will be interested to see what happens if all those who currently own shares turn up and try to vote because that would on the past couple of days record mean far more votes than shares which in my humble opinion can't be legal.
I wait with interest, anticipation and worry to see how this develops. Champagne or water next week we shall see.
londonmetro - 17 Oct'03 - 15:17 - 223 of 2306
I mentioned to the brokers that currently we have a situation where it appears more than 100% of a company is owned which is highly unusual.
Agincourt - 17 Oct'03 - 15:18 - 224 of 2306
Also this ion the Ample BB ---
Mickie, are you knew here? You obviously don't know that Room Service Deliveries are no longer connected to RSV. A brief history of time for you:
This share originally listed as incubator Cube8.com in the heady days. Its value declined over two years to the point where it agreed to be bought out by Room Service. Cube8 had a small stake in Room Service at the time and knew the business.
Room Service was a decade old business run by Ronnie Pearl and Gerald Gold. On paper it was profitable and rising at a rapid rate. When it took over Cube8 and became RSV it had its main food delivery business, a couple of other businesses and all the portfolio of businesses and investments owned by Cube8.
Thanks to taking over Cube8, Room Service got its hands on around £1m liquid cash - by existing some of the Cube8 investments.
12 months after becoming RSV, Room Service had gone from a profitable ten-year-old company with an extra million of investment to bankruptcy. No reasonable explanation was given by Ronnie Pearl and Gerald Gold, and shares got suspended more than once because they failed to file accounts on time, so there were no accounts or news to tell shareholders what had happened.
Room Service Deliveries was into administration and was sold to another company. Ronnie Pearl apparently resigned as a director of RSV (although I don't remember a public announcement about this material event) and is listed as a staff member on Room Service Deliveries website.
Gerald Gold remains a director of RSV and does not appear to be working for Room Service Deliveries. RSV has no assets, has a debt liability and basically the only thing going for it is this listing, which is worth something to somebody. It also means the business is less weighty now so possibly growing more attractive by the day.
Personally, until I see what happened to the funds from Cube8 portfolio and the supposedly profitable ten-year-old business that went from hero to zero in 12 months, I will not reinvest. But I do watch with keen interest. My shares lost 90% of their value before RSV. Then almost 100% after RSV took over. You could say it's ready to bounce, but then you could say Ian Duncan Smith is going to be Prime Minister.
scotty500 - 17 Oct'03 - 15:18 - 225 of 2306
L2 is 2 @ 0.06 v 1 @0.1 [EVO]
Agincourt - 17 Oct'03 - 15:19 - 226 of 2306
and yet more !!!!
There is only one reason to say you don't know why your share price is moving, and that's because the truth is the opposite.
These bozos have a history of not telling shareholders anything at all. They've hardly announced all the things they have done, like material events - changes to board etc. The acocunts are a shambles (or possibly even a sham). I hope an investigation IS on the way. About time. Mr Gold, please give us an honest explanation of how this company has spent its money over the past year.
psps - 17 Oct'03 - 15:21 - 227 of 2306
moving higher towards the close..............hhhhhhhhhmmmmmmmmmmm
matto - 17 Oct'03 - 15:22 - 228 of 2306
londonmetro have their RNS.
VERY QUICK - 17 Oct'03 - 15:26 - 229 of 2306
Hi guys I'm back fill me in on wots been going on. I see bid and offer up. anymore large share holders joining us.
psps - 17 Oct'03 - 15:29 - 230 of 2306
VERY QUICK,
i dont believe that you have 8 MLN..otherwise we would seen your name in todays RNS ?????????
PaulKent - 17 Oct'03 - 15:30 - 231 of 2306
right...have done a bit of checking..and this is my best understanding of the situation
basically, IF you buy a share in a company today, say 1%, then even AFTER capital reorganisation, you must STILL have 1%..so IF mroe shares have been sold than exist, then the capital reorganisation will not help out those who have sold stock they havent got..
the vote for capital reorganisation only needs 50% of those voting on monday (ie NOT 50% of TOTAL shares, jsut of those voting) to go through, and IF it is voted for it does NOT need to then go to High Court...it will be effective on tuesday...
you can ONLy vote if you are on the register on monday..if you arent you cant..and if it hasnt been settled beforehand than you cant vote coz u wont be on register...
however, even if the reorganisation goes through, the MMs will STIL HAVE TO DELIVER THE SAME PERCENTAGE OF COMPANY after the reorgansiation that you bought this week!...so basically..it is one helluva mess..and i think the people who have sold stock they havent got (and Directors ARENT selling!) will be desperate to get some to settle books!
psps - 17 Oct'03 - 15:30 - 232 of 2306
londonmetro,
WELL DONE M8.....your name is on the RNS
VERY QUICK - 17 Oct'03 - 15:34 - 233 of 2306
I'm with Halifax online and in a nominee account I have spoken to them and they are sorting it out?
psps - 17 Oct'03 - 15:35 - 234 of 2306
VERY QUICK,
come on let them prove it then ?
VERY QUICK - 17 Oct'03 - 15:38 - 235 of 2306
There is nothing i can do if they wont put it thru on the RNS as a nominee all the shares in this company are in a pot with halifax and its is not the same as a single investor.
PaulKent - 17 Oct'03 - 15:39 - 236 of 2306
awww..i reckon quite a few must have baled out bigtime when they raised the bid coz theyre now offering to sell 350000 online so they must be confident they wont be unable to settle
VERY QUICK - 17 Oct'03 - 15:39 - 237 of 2306
Mayby they dont want me to be on the register before monday with my 8 mill holding?????
VERY QUICK - 17 Oct'03 - 15:41 - 238 of 2306
Nobody sell ANY just hold fast, Dont pani | 
