Bulletin Board 1

These pages contain the text from the relevant ADVFN Bulletin Boards for Room Service Group, reproduced with their kind permission. Many thanks to Nrockliffe for extracting the information and Greystone for continued support and advice.

ROOM SERVICE.......strongly UP today (RSV)

John C - 13 Oct'03 - 10:49 - 1 of 747
Who is Margaret Samea anyway???
Is she a director??

JAN8MM - 13 Oct'03 - 12:46 - 2 of 747
What is happening with RSV, new on the block and wondering as it trippled in value over last month and wanting to buy some.

sps - 13 Oct'03 - 12:57 - 3 of 747
hats what i am trying to find out.
also dont know who this Maggie is ???

AN8MM - 13 Oct'03 - 13:58 - 4 of 747
she only got 5 100 000 shares worth about urrr £11 220..... think I must buy some, did buy some this morning but not showing yet, but more would be nice.

psps - 14 Oct'03 - 09:32 - 5 of 747
some activity again today.
does anyone what is going in with this company ??

JAN8MM - 14 Oct'03 - 15:07 - 6 of 747
Well, See the spike in January 2002, I wanna sit and wait for that wave, but other than that only heard cracks speak about RSV that is why I bought some, nothing concrete or in stone.

Justjus - 15 Oct'03 - 08:01 - 7 of 747
that's the pump 'n dump over with then!

alia - 15 Oct'03 - 08:10 - 8 of 747
yes has fallen back in the last week, worth a good punt again

psps - 15 Oct'03 - 08:14 - 9 of 747
took a GAMBLE and bought 250K shares after a BIG FALL
but my buy is not showing yet

JAN8MM - 15 Oct'03 - 08:14 - 10 of 747
50% it's value...from monday,,,, noice move on my side, ...NOT

Justjus - 15 Oct'03 - 08:24 - 11 of 747
MMs topping up, maybe there's another pump 'n dump in this one?

psps - 15 Oct'03 - 08:24 - 12 of 747
two deals of 2.5mln as buy under " M ".............
are the MM short of stock or are they filling a buy order ?

alia - 15 Oct'03 - 08:34 - 13 of 747
i think the 2 deals are the sells, the reason for the drop. hopefully it will rise back up again

psps - 15 Oct'03 - 08:44 - 14 of 747
my buy is still shown

psps - 15 Oct'03 - 08:44 - 15 of 747
my buy is still shown

deb81e - 15 Oct'03 - 08:52 - 16 of 747
250k & 700k not shown

psps - 15 Oct'03 - 09:16 - 17 of 747
at last my BUY of 250K is shown after over an hour the deal was done.
and advfn shows it in the green

maxmillion - 15 Oct'03 - 09:42 - 18 of 747
Tons of stock purchased - would have thought another tick back was overdue ??

psps - 15 Oct'03 - 09:43 - 19 of 747
over 14 MLN shares traded..............OK its only about £17K but the volume is pretty heavy for this stock.

i still dont know whats going on with RSV

terry moon - 15 Oct'03 - 09:43 - 20 of 747
Must be a big dump going on - look for end of day or later record.

Justjus - 15 Oct'03 - 09:44 - 21 of 747
alia - I'm completely mystified as to how you came to that conclusion!

RBonnier - 15 Oct'03 - 10:00 - 22 of 747
Watch this stock crash to 0.06 again!classic pump & dump

Kamlani - 15 Oct'03 - 10:06 - 23 of 747
Rbonnier there were two MM trades this morning for 2.5 million ok it is not alot but its still a MM buy.imo

VERY QUICK - 15 Oct'03 - 10:59 - 24 of 747
I put an order in this morning with Halifax online to buy 3mill at 0.119p but they could not confirm to fill the full order. Max price 0.120p. so will report later how many if any i got.

psps - 15 Oct'03 - 11:07 - 25 of 747
Very Quick,
are u stake building ?

VERY QUICK - 15 Oct'03 - 11:08 - 26 of 747
Its about time this got a tick up???

psps - 15 Oct'03 - 11:14 - 27 of 747
IT will

VERY QUICK - 15 Oct'03 - 11:19 - 28 of 747
PSPS lets see how many i got this morning then may put in another order for 3mill today or tomoro.

psps - 15 Oct'03 - 11:31 - 29 of 747
VERY QUICK,
go on ask Halifax as to how many they got for you

pictureframe - 15 Oct'03 - 11:37 - 30 of 747
Was going to take a small punt but it collapsed again . Avoid

jayeshp - 15 Oct'03 - 11:45 - 31 of 747
looks grim.....going back to where is was.

jmillskeel - 15 Oct'03 - 11:46 - 32 of 747
2m mm buy

VERY QUICK - 15 Oct'03 - 11:57 - 33 of 747
There is my 2mill buy at 11:40am order was for 3mill dind get all of them

easymoney03 - 15 Oct'03 - 12:22 - 34 of 747
looks good for a bounce from this level

alexicacon - 15 Oct'03 - 12:28 - 35 of 747
I,m not so sure. Nearly bought a mil this morning til i saw 4 week low, 0.02. I'll hang on a bit i think.

Justjus - 15 Oct'03 - 12:37 - 36 of 747
anyone know who Mrs Margaret Samea is?

what does she know???

mattheworchard - 15 Oct'03 - 12:42 - 37 of 747
Does anyone know the amount of losses this company has, and would be worth to a potential reverse takeover partner?

Would it be as high as 3p per share?

psps - 15 Oct'03 - 12:42 - 38 of 747
Maggie might know something but why does the share price keep falling ??

VERY QUICK - 15 Oct'03 - 12:45 - 39 of 747
Just placed an other for another 2mill at 0.110p at 12:42 lets see if i get all of them???

psps - 15 Oct'03 - 12:48 - 40 of 747
VERY QUICK,

this Maggie now has 6.6 mln shares so are you competing with her stake.

why the shares keep dropping ??????

singinsmythe - 15 Oct'03 - 12:50 - 41 of 747
Maggie could easily be another hopeful private investor, at this sort of price it's not difficult to buy a notifiable stake in the company. If I was on board I'd be manning the life boats and preparing to jump.

psps - 15 Oct'03 - 12:54 - 42 of 747
only on monday they were creeeping higher and now down 41.2% .

i wonder if the company will make an announcement

double6 - 15 Oct'03 - 12:55 - 43 of 747
Ticked down again - will be tempted to get on boards @ 0.07p....

rarther - 15 Oct'03 - 12:57 - 44 of 747
Gents I can't see why someone with a £7,000 investment must 'know something'. Any of us could take a large stake in this company.

The market cap of £1.25m stated by advfn is incorrect.

There are 124.2m shares in issue meaning the cap is actually £125,000. The random people who appear as very large holders are just private investors with average investments. To base an investment decision on a random woman with an average investment is at best very naive. Dyor!

rs1 - 15 Oct'03 - 12:59 - 45 of 747
whats going on with RSV ?

anyone as to who MAGGIE is ????????

rarther - 15 Oct'03 - 13:00 - 46 of 747
Someone with a £7,000 holding!

i.e. nobody!

BestBuddy - 15 Oct'03 - 13:01 - 47 of 747
Jeeez, there are some dumb asses about.
Heh heh heh.

Diggerdaws - 15 Oct'03 - 13:01 - 48 of 747
where is the value
It doesnt trade
No significant assets
What will somebody pay for the listing on a reverse takeover not a lot!

dennisbergkamp - 15 Oct'03 - 13:03 - 49 of 747
Ok, so otherwise... why stake build? Bought some for the heck of iy...

D.

rarther - 15 Oct'03 - 13:04 - 50 of 747
Is this a cash shell?

Consolidated Profit and Loss Account for the six months ended 30 June 2003
6 Months ended 6 months ended Year ended 31
30 June 2003 30 June 2002 December 2002
(unaudited) (unaudited) (audited)
£'000 £'000 £'000
Turnover - 1,928 17
Cost of sales - 1,312 -
Gross Profit - 616 17
Administrative expenses (35) (1,105) (1,108) Amounts written off investments - - (1,748)
Operating loss (35) (489) (2,839)
Interest payable and similar charges - (24) - Interest receivable and similar income - 3 2
Loss on ordinary activities before taxation (35) (510) (2,837)
Tax on loss on ordinary activities - - -
Loss on ordinary activities after taxation (35) (510) (2,837)
Minority interest - - (22)
Retained loss for the period (35) (510) (2,859)
Loss per ordinary share (0.03p) (0.41p) (2.33p)
Fully diluted loss per ordinary share (0.03p) (0.40p) (2.33p)
 

£17,000 turnover and £3,000,000 loss? I've seen Room Service dry cleaning vans about London so they must be doing something?

The market size is £55, lol!

deb81e - 15 Oct'03 - 13:07 - 51 of 747
Anybody going to the AGM on MONDAY 20th OCTOBER to vote on the name change (Azure Holdings) and capital reorganisation

mattheworchard - 15 Oct'03 - 13:07 - 52 of 747
approx 3p loss per share, that has to be worth 3p at a corporation tax rate of 40% to a large company in terms of a corporation tax shield.

ie share are worth a max of 1.2p per share to a takeover company.

If the company was to be purchased for 1/4 of the value it would be 0.3p per share,

That is a handsome 200% profit on the current share price.

IMHO

psps - 15 Oct'03 - 13:10 - 53 of 747
£3 mln loss................it must be the set up cost of running the company

this bb is NOT full of DUMB ASSES ..............on the other hand most of us are trying to find out more about this company and its share value.

VERY QUICK - 15 Oct'03 - 13:14 - 54 of 747
If offer drops below 0.110p will buy another 2mill. and keep building my stake.

double6 - 15 Oct'03 - 13:17 - 55 of 747
Are you Maggie???

rarther - 15 Oct'03 - 13:17 - 56 of 747
lol

Diggerdaws - 15 Oct'03 - 13:18 - 57 of 747
Tax losses only available against profits of same trade!

psps - 15 Oct'03 - 13:18 - 58 of 747
VERY QUICK = MAGGIE .......hhhhmmmmm

mattheworchard - 15 Oct'03 - 13:19 - 59 of 747
Diggerdaws, which a reverse takeover would permit!

VERY QUICK - 15 Oct'03 - 13:21 - 60 of 747
PSPS No I'm not maggie but will hold 10% of the company by friday if all goes well and and i can keep buying in 2mill blocks.

pictureframe - 15 Oct'03 - 13:21 - 61 of 747
nwd is a better bet than this, at least they have100k in cash

psps - 15 Oct'03 - 13:23 - 62 of 747
VERY QUICK,
thanks for that .so we will see yur name on the holding list .

OK now ...........nearly 25% of the total shares have traded so far.

so whats going on with RSV.????????

VERY QUICK - 15 Oct'03 - 13:26 - 63 of 747
I guess so. You will have to wait and see regarding this company???? People do stake building for a reason.

Diggerdaws - 15 Oct'03 - 13:28 - 64 of 747
Losses b/f stay with the company making the loss not the group
They can only be releived against future profits of that company from the same trade
Sorry to labour point

psps - 15 Oct'03 - 13:30 - 65 of 747
VERY QUICK,
so whats your reason ?

go on you can tell me.
your secret is safe with me

VERY QUICK - 15 Oct'03 - 13:35 - 66 of 747
No comment??? lets hope and see if my second purchase of 2mill shares goes thru at the end of the day

psps - 15 Oct'03 - 13:36 - 67 of 747
NO FT = NO COMMENT

a 2.5 mln deal

VERY QUICK - 15 Oct'03 - 13:37 - 68 of 747
MM's are so short of stock its making them ill. Thats a 2.5mill M deal to fill my 2mill buy order.

psps - 15 Oct'03 - 13:40 - 69 of 747
Nice one........now i know MM are creating panic selling by dropping the price.
but in turn people are picking up a BARGAIN ? Right

dell314 - 15 Oct'03 - 13:40 - 70 of 747
LOL!
They aren't all short or the offer would have gone up!
Doh!

Rgds
dell

VERY QUICK - 15 Oct'03 - 13:42 - 71 of 747
Correct. A bargain it is offer now 0.100 time to place my third 2mill buy

RBonnier - 15 Oct'03 - 13:42 - 72 of 747
I think someones dumping big time here the price just keeps falling.

Justjus - 15 Oct'03 - 13:44 - 73 of 747
an AIM listing has got to cost more than £125k, hasn't it?

psps - 15 Oct'03 - 13:44 - 74 of 747
OK i have an order for 1.5mln now........its too tempting

pictureframe - 15 Oct'03 - 13:44 - 75 of 747
Share do not go down for no reason. supply and demand

JAN8MM - 15 Oct'03 - 13:47 - 76 of 747
WELL She topped up again ... must be stocking up for some reason.

psps - 15 Oct'03 - 13:47 - 77 of 747
more demand = price falls
OR
more sellers = price falls

nearly 30% stock traded so far and price drops by 44%......hhmm
i better cancel my 1.5 ml buy order

Justjus - 15 Oct'03 - 13:48 - 78 of 747
A MS MARGARET ELIZABETH SAMEA is a director of a Property Developer company from Devon (only listing on 192.com)...

dell314 - 15 Oct'03 - 13:48 - 79 of 747
VERY QUICK - I think you may be correct that MMs are trying to create panic.
It looks like they are struggling to fill as you can sell 1mln online.

Rgds
dell
Good luck with whatever cunning plan you have..

alexicacon - 15 Oct'03 - 13:50 - 80 of 747
Maybe VERY QUICK is selling and not buying?

VERY QUICK - 15 Oct'03 - 13:50 - 81 of 747
that my 2mill buy just gone thru at 12:49pm

Justjus - 15 Oct'03 - 13:52 - 82 of 747
3.75m and you have to declare!

VERY QUICK - 15 Oct'03 - 13:52 - 83 of 747
Alexicacon I'm buying just onto broker to buy another 2mill

Diggerdaws - 15 Oct'03 - 13:54 - 84 of 747
Fundamentally what are you buying?

davidcod - 15 Oct'03 - 13:54 - 85 of 747
just spoke with my broker... he pretty sure there is a BIG seller.
seems crazy this has gone down 44% when a director shareholding has gone thru..??

psps - 15 Oct'03 - 13:54 - 86 of 747
VERTY QUICK,
if you have bought 3 lots of 2 mln today then you have 5% stake.......

so that means your name SHOULD appear on the RNS tomorrow ...

nice to know a famous person

Kamlani - 15 Oct'03 - 13:55 - 87 of 747
very quick same here coming in now dont know why can sell as many as you like but buying limited to 50K something has to be going on in back ground imi said alot of people been calling in due to size problems.imo

alexicacon - 15 Oct'03 - 13:55 - 88 of 747
Just a thought VERY QUICK.

Diggerdaws - 15 Oct'03 - 13:56 - 89 of 747
MM's wont have stock they wont want to hold when it falls apart

Justjus - 15 Oct'03 - 13:57 - 90 of 747
David Cod - Where is this director shareholding?

psps - 15 Oct'03 - 13:57 - 91 of 747
be VERY QUICK folks................

jmillskeel - 15 Oct'03 - 14:01 - 92 of 747
just bought 2973181.

VERY QUICK - 15 Oct'03 - 14:01 - 93 of 747
just got 2mill more at 0.100p that takes my stake to 6mill today

davidcod - 15 Oct'03 - 14:02 - 94 of 747
apologies, not director but... Margaret Samea

psps - 15 Oct'03 - 14:03 - 95 of 747
VERY QUICK,
WOW ........lets see if there is a stake news soon.

VERY QUICK - 15 Oct'03 - 14:03 - 96 of 747
Jmillskell is that 2,973.181

davidcod - 15 Oct'03 - 14:04 - 97 of 747
2.5m MM buy gone thru..

psps - 15 Oct'03 - 14:06 - 98 of 747
thats the fourth 2.5 mln buy by the MM and one for 2 mln

easymoney03 - 15 Oct'03 - 14:09 - 99 of 747
sod it im in again

jmillskeel - 15 Oct'03 - 14:09 - 100 of 747
plus 500000

psps - 15 Oct'03 - 14:10 - 101 of 747
i got my 1 mln as well

alexicacon - 15 Oct'03 - 14:11 - 102 of 747
Margaret Samea's not going to be very happy if this carries on.

rescuer - 15 Oct'03 - 14:12 - 103 of 747
dont own any, and dont want to either, but i've been reading this thread all day and you guy's must have balls the size of blackpool.

best of luck, esp VQ, dont tell me, you liked it so much, you bought the company.

jmillskeel - 15 Oct'03 - 14:13 - 104 of 747
2000002 pending...

shares20032002 - 15 Oct'03 - 14:14 - 105 of 747
just joined the club with 1m. good luck to all regards shares

easymoney03 - 15 Oct'03 - 14:15 - 106 of 747
must admit to buying i mill today but could not buy in one trade,pure speculation but what the hell...

davidcod - 15 Oct'03 - 14:18 - 107 of 747
crazy days....

psps - 15 Oct'03 - 14:18 - 108 of 747
SPECULATE TO ACCUMULATE.
what the hell ...its only money

rescuer - 15 Oct'03 - 14:21 - 109 of 747
how many share are in circulation, it doesn't give a figure on the advfn funds

jmillskeel - 15 Oct'03 - 14:21 - 110 of 747
done...

psps - 15 Oct'03 - 14:25 - 111 of 747
i think its 124 mln shares is issue

rescuer - 15 Oct'03 - 14:29 - 112 of 747
so the comapany is only valued at £124k, LoL, you guys must now colectively own the company. Why dont you pool your collection, take the company over, liquidate it and build a block of flats on there business site, LoL

rarther - 15 Oct'03 - 14:30 - 113 of 747
Guys, if any of you have access to level 2 you can see that EVO have an overhang.

They are on 0.05-0.10, the other two are on 0.09-0.14

The MM trades look like EVO shifting to the other two who will sell at a big mark up.

My bet is we will see a MASSIVE sell after close at a ridiculously low price. My thinking only dyor etc.

rarther - 15 Oct'03 - 14:31 - 114 of 747
not a bad idea rescuer, LOL! where is the business site? im holding a few.

rescuer - 15 Oct'03 - 14:36 - 115 of 747
no idea rather, but i've just been reading thro thr funds, although i've got to say, they are somewhat patchy on advfn, but on equity, liability and asset, they have when all's cashed up £1m so that make them slighlty undervalued to say the least, price should be about 0.9p per share

rescuer - 15 Oct'03 - 14:41 - 116 of 747
there must be a very large sell to report, looking at L2, you're correct with EVO's but looking back thro all the declared trades there's been nothing under .109 sold and with EVO's on the offer at .01, they cant be making anything on any trades, so they must have taken a very large sell, which will be declared after or near to the close on an L trade.

mattheworchard - 15 Oct'03 - 14:41 - 117 of 747
Look at people who invested in Lastminute when it was 2p ...now £2.80
or YOO when it was 0.5p now 38p...

...patience will pay with this share

IMHO

jmillskeel - 15 Oct'03 - 14:44 - 118 of 747
see a rns 2morrow..

psps - 15 Oct'03 - 14:45 - 119 of 747
now just over 36% of the equity has been traded so far.

somebody, somewhere knows something

rarther - 15 Oct'03 - 14:46 - 120 of 747
Key difference being that Lastminute and Yoomedia aren't cash shells with 0 turnover stumbling around in the dark for a way to realise the cash.

davidcod - 15 Oct'03 - 14:46 - 121 of 747
Lastminute has never been 2p you plank

rarther - 15 Oct'03 - 14:48 - 122 of 747
Gerald Stuart Gold 25,201,846 20.29
Ronald Stuart Pearl  18,571,646 14.95
Tryway Investment Limited 7,453,504 6.00
Timothy Dean-Smith 0 5.20
Michael Gold 5,714,280 4.60
Mrs Margaret Samea 5,100,000 4.11
J G Hallsworth 3,919,500 3.17

One of these people must have sold, most of the trades on the trades list look like buys (tens of millions)... could it be one of the directors? (not deramping, I hold)

rarther - 15 Oct'03 - 14:49 - 123 of 747
What will it be tomorrow?...

Gerald Stuart Veryquick  25,201,846 20.29
Ronald Stuart Psps 18,571,646 14.95
Tryway Investment Limited 7,453,504 6.00
Timothy Dean-Smith 0 5.20
Michael Gold 5,714,280 4.60
Mrs Margaret Samea 5,100,000 4.11
J G Hallsworth 3,919,500 3.17

lol!

psps - 15 Oct'03 - 14:50 - 124 of 747
we will find out tomorrow on the RNS

jmillskeel - 15 Oct'03 - 14:52 - 125 of 747
yoo went as low as 0.7p

maxmillion - 15 Oct'03 - 14:54 - 126 of 747
According to Room Service - the company was bought from Room Service Group & liquidation last February and is called Room Service Deliveries. This company is Room Service Group & a cash shell to which Rarther is quite correct BUT it could also prove to be a cheap option to gain an AIM listing especially if the company has found a reverse takeover target. Once stock overhang has been mopped up this will prove interesting !

RBonnier - 15 Oct'03 - 14:55 - 127 of 747
lol !
I think it highly likely both the directors Gold and Pearl have both sold.

psps - 15 Oct'03 - 14:56 - 128 of 747
trades now hotting UP with 42% of shares traded so far.

RBonnier - 15 Oct'03 - 14:58 - 129 of 747
Ive got an A showing on my monitor but with no announcement showing anyone else?

psps - 15 Oct'03 - 14:58 - 130 of 747
jmillskell,
your BUY just come up 2,973,181 on the trades

Tony14 - 15 Oct'03 - 14:59 - 131 of 747
Balance sheet looks very weak with net liabilities, just a thought but maybe a discounted placing to be announced. Watching with interest.

Regards

me me - 15 Oct'03 - 15:00 - 132 of 747
In FOR 2 Mill

jmillskeel - 15 Oct'03 - 15:00 - 133 of 747
look for 2000002 in about 10 mins..

londonmetro - 15 Oct'03 - 15:01 - 134 of 747
We are in for 3 Million.

Just under an RNS

psps - 15 Oct'03 - 15:01 - 135 of 747
jmillskeel,
are these BUYS ?

maxmillion - 15 Oct'03 - 15:01 - 136 of 747
RBonnier :

Only announcement appears to be Mags.

Regards

jmillskeel - 15 Oct'03 - 15:02 - 137 of 747
welcome me me was going to post on the yoo thread didn't want to seem like a ramper.

swizz - 15 Oct'03 - 15:03 - 138 of 747
If the world has gone bonkers and everyone who is buying this makes a killing, would you stick some of your profits into Base Group (BS.), I could do with them having a bit of a run, ONLY JOKING !!

good luck.


btw :- does anyone have a clue what is going on with RSV ? fascinating stuff to watch.

jmillskeel - 15 Oct'03 - 15:04 - 139 of 747
i think so, only 1 big sell yet..

psps - 15 Oct'03 - 15:05 - 140 of 747
Keep watching folks...................

nearlly 50% of shares have changed hands today.

me me - 15 Oct'03 - 15:09 - 141 of 747
psps
dont think your fig are right 1.38 billion is issue. Market cap 1.38 million x 0.1 = 1.38 Billion

rescuer - 15 Oct'03 - 15:09 - 142 of 747
psps >> i think everyone on advfn is watching you.

Kael - 15 Oct'03 - 15:10 - 143 of 747
LOL what the hell is going on!!!

cougar6 - 15 Oct'03 - 15:10 - 144 of 747
10 mill shares bought by director of London Asia Capital. today I am told

Diggerdaws - 15 Oct'03 - 15:11 - 145 of 747
Rescuer 115

The net assets as per 31.12.02 accounts is -131K
Where do you get your 1m from?

Justjus - 15 Oct'03 - 15:13 - 146 of 747
me me - do some maths: 100/5.31 * 6.6m = ~125m in issue!

Tony14 - 15 Oct'03 - 15:14 - 147 of 747
Taken from the results:

3. Earnings per share

The basic earnings per share is calculated on the weighted average number of
shares in issue during the year of 122,870,118 (2001: 395,029,879). The fully
diluted earnings per share takes account of outstanding options which results in
a weighted average number of shares in issue during the year of 122,870,118
(2001: 397,807,679).

jmillskeel - 15 Oct'03 - 15:14 - 148 of 747
taken from iii, credit to the poster.

It is most irregular. Never in the history of this listing, or the previous listing, has one person bought up such huge quantities. Margaret has to be either connected to incumbent parties or she is involved in negotiating the purchase of the business.

Room Service has basically said it is looking for a reversal partner. Now this is just conjecture, and if Margaret is a purely independent, speculative investor I don't wish to imply anything underhand, but it is there a reverse take-over already in discussion that we're not being told about? If Margaret is buying up in full knowledge of discussions, then legally the company should announce those discussions to stop Margaret getting into trouble.

If there are no discussions taking place, perhaps Ms Samea is buying up while it's cheap on the assumption someone will eventually buy the listing and give her a premium on her purchase.

Justjus - 15 Oct'03 - 15:17 - 149 of 747
what was this all about...

3 April 2003

Hanover Capital acquires the debt of Room Service Group PLC

Hanover Capital Group Plc (Hanover or the Company), the AIM quoted mining
investment company, has acquired the outstanding debt of #216,312.35 from the
creditors of Room Service Group PLC. This debt has been acquired for the sum of
#104,041.17. Some of the creditors have agreed to accept ordinary shares of 1p
each in the capital of Hanover (Ordinary Shares) at an issue price of 10p per
share, in full and final settlement of their debts, with the remainder of
#49,500.22 being settled in cash. A total of 545,409 Ordinary Shares will be
issued as a result and Hanover will become the major creditor of Room Service
Group PLC. Application will be made for these new ordinary shares to be admitted
to trading on the Alternative Investment Market of the London Stock Exchange.

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.

rescuer - 15 Oct'03 - 15:19 - 150 of 747
Digger >> said that the funds were sketchy but took the last three blocks,

Fixed assets >>>>>> 0.01
Fixed investment >> 0.07
debtors >>>>>>>>>>> 0.38
cash & securities > 1.15

Total >>>>>>>>>>>>> 1.61

Creditors short >>> 0.41
Creditors long >>>> 0.20

Total >>>>>>>>>>>>> 0.61

Ord Cap reserves >> 1.02
prefs minorities > -0.02

Total >>>>>>>>>>>> £1m

dell314 - 15 Oct'03 - 15:24 - 151 of 747
rescuer - last figures up to June 03 show shareholders funds as minus £173K.

http://www.uk-wire.com/cgi-bin/articles/200309220701059955P.html

maxmillion - 15 Oct'03 - 15:25 - 152 of 747
Now then ??

psps - 15 Oct'03 - 15:25 - 153 of 747
me me ,
shares in issue is NOT 1.36 BLN.
where did you study maths.?????

there are 124 mln shares in issue

me me - 15 Oct'03 - 15:26 - 154 of 747
Offer 0.14

Justjus - 15 Oct'03 - 15:27 - 155 of 747
me me - you need help, since when is 0.095 0.14?

cougar6 - 15 Oct'03 - 15:27 - 156 of 747
10 mill buy to come through

maxmillion - 15 Oct'03 - 15:29 - 157 of 747
Why do I feel the person to buy up the remaining shares will be handed a set of keys ?

Kael - 15 Oct'03 - 15:29 - 158 of 747
lol there's gonna be a lot of RNS's soon...

me me - 15 Oct'03 - 15:29 - 159 of 747
justjus
You must of blinked went to 0.14 then to 0.95

Tony14 - 15 Oct'03 - 15:30 - 160 of 747
Today, Room Service also announced a planned capital reorganisation,
designed as a first step towards placing the company in a position to seek an
acquisition, as it plans to restore some value to shareholders.

Ok a capital reorganisation in the offing, as they probably cannot raise funds as share price below par value. But with share price currently so low then may a bucket load to be issued.

londonmetro - 15 Oct'03 - 15:30 - 161 of 747
tempted to buy another 500,000 just to get onto the RNS board!

psps - 15 Oct'03 - 15:31 - 162 of 747
RNS when ??????

too many shares changing hands

Diggerdaws - 15 Oct'03 - 15:31 - 163 of 747
Rescuer

see september 03 RNS re final accounts 31.12.02 the balance sheet is there

dell314 - 15 Oct'03 - 15:32 - 164 of 747
Justjus - interesting find re Hanover. Could they be shortselling in advance of receipt?
Not sure if it's possible but may explain volume today. Listed holders don't seem large enough to explain this.
Rgds
dell

rarther - 15 Oct'03 - 15:34 - 165 of 747
EVO tick up finally

jmillskeel - 15 Oct'03 - 15:36 - 166 of 747
got my 10..

psps - 15 Oct'03 - 15:36 - 167 of 747
the last hour hour would see more shares change hands....................

ACTION

psps - 15 Oct'03 - 15:37 - 168 of 747
the last hour hour would see more shares change hands....................

ACTION

me me - 15 Oct'03 - 15:37 - 169 of 747
Any way according to ADVFN Market cap is 1.38 million. 1.38 billion shares @ 0.1p = market cap 1.38 million.
If we had 124 million is issue that would value the company @ £124,000

rarther - 15 Oct'03 - 15:40 - 170 of 747
Could be on to something there dell, this looks like too much of a no-brainer to be true... MMs shouldn't have been holding anything substantial so where has half of the company just come from?

cougar6 - 15 Oct'03 - 15:40 - 171 of 747
6mill shares = 4% of company approx,

psps - 15 Oct'03 - 15:41 - 172 of 747

Optimist23 - 15 Oct'03 - 15:44 - 173 of 747
AFN looks good to test 5 pence tomorrow. IMHO,DYOR.

psps - 15 Oct'03 - 15:44 - 174 of 747
6.6 mln shares = 5.31%

Justjus - 15 Oct'03 - 15:44 - 175 of 747
cougar - Mags has 6.6m for a 5.31% holding!

alexicacon - 15 Oct'03 - 15:46 - 176 of 747
psps i think you mean
http://www.bbc.co.uk/science/humanbody/images/mind/disgust/morescie nce_disgust/toilet.jpg

psps - 15 Oct'03 - 15:46 - 177 of 747
heres the 10 mln deal

Tony14 - 15 Oct'03 - 15:47 - 178 of 747
Well something is going on here, 10mil buy, where is the stock coming from?

dell314 - 15 Oct'03 - 15:48 - 179 of 747
There is also mention of a capital reorg with last full results but no detail. I guess you need the hardcopy to receive details.

Rgds
dell

psps - 15 Oct'03 - 15:48 - 180 of 747
thats what i have trying to find out all day.................

something, somewhere knows something..........BUT WHAT IS IT ??????

mattheworchard - 15 Oct'03 - 15:50 - 181 of 747
The whole company has virtually traded in 1 day.

Whats going on??

me me - 15 Oct'03 - 15:51 - 182 of 747
Ok Ok
You lot are right , i was looking at ADVFN figures. In for 2mill+

cougar6 - 15 Oct'03 - 15:54 - 183 of 747
I understand that there might be a fight for contol of this shell, not many shells left

Justjus - 15 Oct'03 - 15:54 - 184 of 747
...but why is there a large dump???

psps - 15 Oct'03 - 15:54 - 185 of 747
me me,
wellcome on board.
i hope you understand maths now

jmillskeel - 15 Oct'03 - 15:56 - 186 of 747
closing volume 92m+

rarther - 15 Oct'03 - 15:58 - 187 of 747
Any guesses for the volume of T trades after close?

jayeshp - 15 Oct'03 - 15:58 - 188 of 747
down she goes.....blub blub blub.

dell314 - 15 Oct'03 - 15:59 - 189 of 747
If RSV's debt of £200k (roughly)that was taken on by Hanover et al. was capitalised at around current shareprice then you would have an additional 200mln shares in circulation.
It could be that Hanover or the other company that took on RSV's debt is flogging their entitlement in advance.

Just a guess
Rgds
Dell

psps - 15 Oct'03 - 15:59 - 190 of 747
total volume at close = 124 mln (ish)

BUT WHY SO HEAVY VOLUMES ?????????????????

maxmillion - 15 Oct'03 - 16:01 - 191 of 747
Question is :-

You`ve all bought at the same price, who will start the freefall sell off when its .5p ?? Why not get together, start an RSV club & nominate a secretary to sit on the board - surely you all must own more than 10% ?

psps - 15 Oct'03 - 16:03 - 192 of 747
maxmillion,
i nominate you to be on the board

maxmillion - 15 Oct'03 - 16:04 - 193 of 747
psps :

TIA... ( I think ) !!

Max

swizz - 15 Oct'03 - 16:04 - 194 of 747
Is it possible for market makers to cancel trades ? and if so, is there a time limit for them to do this ?

psps - 15 Oct'03 - 16:07 - 195 of 747
I have NEVER seen trades like this one ................over 76% of shares traded so far in one company in one day.

TRULY AMAZING

londonmetro - 15 Oct'03 - 16:08 - 196 of 747
Dont know about 10% - nearer 60%!!!

Kael - 15 Oct'03 - 16:08 - 197 of 747
LOL

jmillskeel - 15 Oct'03 - 16:08 - 198 of 747
92mil volume lol,okay i was wrong..

dell314 - 15 Oct'03 - 16:09 - 199 of 747
swizz - what a strange question!
I have heard of MMs cancelling trades through brokers, if they think you have deliberately mislead them by making several trades in quick succession and thus concealed your true intentions.
Obviously they generally only do it if it works against them, as they are lower than pond creatures..

rgds
dell
All IMHO

Paul Miov - 15 Oct'03 - 16:09 - 200 of 747
max, LOL !

Start the election thread, what a shame meastro does not own any of these

Rgds

Maggie Thatch

Optimist23 - 15 Oct'03 - 16:18 - 201 of 747
AFN - 50% rise tomorrow

rarther - 15 Oct'03 - 16:21 - 202 of 747
yes we heard the first time

rarther - 15 Oct'03 - 16:25 - 203 of 747
LOL, there it goes

jmillskeel - 15 Oct'03 - 16:25 - 204 of 747
opening the spread...

psps - 15 Oct'03 - 16:25 - 205 of 747
why 50% rise

rarther - 15 Oct'03 - 16:25 - 206 of 747
edit, hangon

Kael - 15 Oct'03 - 16:26 - 207 of 747
back down again...

rarther - 15 Oct'03 - 16:27 - 208 of 747
what the hell is going on lol

Kael - 15 Oct'03 - 16:27 - 209 of 747
LOL

davidcod - 15 Oct'03 - 16:27 - 210 of 747
..

Kamlani - 15 Oct'03 - 16:30 - 211 of 747
lets see what happens tommorrow now

mattheworchard - 15 Oct'03 - 16:30 - 212 of 747
Which of you idiots bought 5m at 0.095p

I am a holder but not at that level.

rescuer - 15 Oct'03 - 16:32 - 213 of 747
l2 all over the place at the end, hope it pans out for you guys tomorrow, absolute entertainment, thank you.

ps >> re cancellation of trades, check out the "comn" thread, it happened to me yesterday, coz i tried to circumnavigate the nms and comdirect cancelled my trades and charged me for the priveledge. "it's not market ettiquet" they said, lump it or leave it

Ellemaitch - 15 Oct'03 - 16:33 - 214 of 747
L2 - WINS and SCAP have been best bid / worst offer ALL day ; 0.09/0.14 the worst they got : EVO had been at worst 0.05/0.095 and 5 mins before close went to 0.10/0.15 and offered the best offer having seemingly soaked up most of todays action

dell314 - 15 Oct'03 - 16:34 - 215 of 747
With an NMS of only 15k, some of the larger trades could be delayed for days. It appears that more than current equity issue has been traded somehow.
Do you feel lucky??

Rgds
dell

jmillskeel - 15 Oct'03 - 16:34 - 216 of 747
5m less then 5k ?? so what ?

londonmetro - 15 Oct'03 - 16:36 - 217 of 747
anyone bought shares at .95 today please advise dont know if these late ones are sells i think they are poss buys??????????????

mattheworchard - 15 Oct'03 - 16:37 - 218 of 747
They are buys, explaining the rise in offer price.

EVO cleared their overhang at 0.095p

mattheworchard - 15 Oct'03 - 16:37 - 219 of 747
They are buys, explaining the rise in offer price.

EVO cleared their overhang at 0.095p

jmillskeel - 15 Oct'03 - 16:37 - 220 of 747
buys 2.6mil mine

dell314 - 15 Oct'03 - 16:39 - 221 of 747
rescuer - Are you aware that comdirect have a BB on TMF which is answered by comdirect?
I don't see how they can try and use "Market etiquette" as an excuse when it is clearly circumvented by MMs when it suits them. Also I don't see how RSPs can be included in any old boy's agreement from days gone by. Modern systems can react instantly. MMs just squeal when things don't go their way.
However, I note that the updated T&C included a clause to try and prevent rapid dealing in succession.

Rgds
dell

cougar6 - 15 Oct'03 - 16:40 - 222 of 747
lets pool our shares for a statement from company

rarther - 15 Oct'03 - 16:41 - 223 of 747
ChiversJ (ADVFN) - 15 Oct'03 - 15:59 - 15 of 16

Dear All,

Clem Chambers will be appearing live today on CNBC Europe at 1745 and BBC News 24 at 2230

Regards,

James

matto - 15 Oct'03 - 16:44 - 224 of 747
Been some fun here I see. Have to try and put names to nicknames over the next few days as the RNSs roll in.

psps - 15 Oct'03 - 16:48 - 225 of 747
total number of shares traded today was 121 mln (shares in issue 124 mln)

HHHHHHHHHHHHMMMMMMMMMMMMm........food for thought .

has anyone EVER seen trades like this in any company ??????

Justjus - 15 Oct'03 - 16:56 - 226 of 747
psps - it aint over until 5:30!

mattheworchard - 15 Oct'03 - 16:58 - 227 of 747
Markets close at 4.30

rarther - 15 Oct'03 - 16:59 - 228 of 747
isnt it 6.30 ? lol

dell314 - 15 Oct'03 - 17:00 - 229 of 747
LOL!
I expect Justjus knows that. Trades continue to be reported after market close and some several days later...

Rgds
dell

psps - 15 Oct'03 - 17:00 - 230 of 747
Justjus is right .
although markets close at 4.30pm the trades carry as some are reported late

is it poss that the total shares can exceed the shares in issue(i know it sounds silly) ?????

Justjus - 15 Oct'03 - 17:02 - 231 of 747
thankyou! as I speak another 1m...

Kael - 15 Oct'03 - 17:03 - 232 of 747
trades over nms can be reported up to an hour late. I'm not sure about days late though.(then again if it's half the company...)

Justjus - 15 Oct'03 - 17:04 - 233 of 747
now we've done more than cap!

londonmetro - 15 Oct'03 - 17:04 - 234 of 747
Whole company traded!!!!!!!!!

This board seems to own the company - please direct questions via our chairman!

Kael - 15 Oct'03 - 17:04 - 235 of 747
LOL

Kael - 15 Oct'03 - 17:05 - 236 of 747
right noone sell tomorrow or this will go through the floor!

Justjus - 15 Oct'03 - 17:05 - 237 of 747
protected trades can be up to 5 days to be reported, delays an hour or two (when I traded in DTC the delay was 2 hours)

dell314 - 15 Oct'03 - 17:06 - 238 of 747
Kael - I think that trades over 100xNMS can be reported up to 5 days late but that's only from memory.
It's all on the LSE site, if anyone wants to check..

rgds
dell

psps - 15 Oct'03 - 17:08 - 239 of 747
more than 125 mln traded ..............HOW CAN THAT BE ????

londonmetro - 15 Oct'03 - 17:09 - 240 of 747
protected trades need to be marked with a t.delayed trades must be reported within 2 hours of close all trades today marked by m or 0

rarther - 15 Oct'03 - 17:10 - 241 of 747
psps the company can be traded more than once in a day.

If I owned 100,000,000 shares and sold them to the MMs, then they redistributed them between one another (say 25m to one mm and 25m to the other) and then you bought them all later in the day, the volume would be 250,000,000 despite there only being 125m in issue.

matto - 15 Oct'03 - 17:13 - 242 of 747
It is conceivable (although unusual) to have over 100% of shares issue traded particularly if there an even number of buys and sells, each transfer of share from buyer to seller going through an MM. Of course deals between MMs would further exaggerate the number.

However, it does appear that barring MM trades, most reported trade have been buys!

psps - 15 Oct'03 - 17:14 - 243 of 747
rarther,
phew .........thanks for the explanation
i knew my maths was poor

anyway interesting day with RSV and lets see whats happens next

mattheworchard - 15 Oct'03 - 17:19 - 244 of 747
At least there should be a raft of RNSs tomorrow to keep us all entertained.

And who knows a 50% rise in share price!

psps - 15 Oct'03 - 17:26 - 245 of 747
i am surprised there was no RNS today though

cougar6 - 15 Oct'03 - 17:46 - 246 of 747
rns photo distribution takes 8% stake company belongs to george allnutt director of (ldc)

jmillskeel - 15 Oct'03 - 17:49 - 247 of 747
here they come;

RNS Number:9572Q
Room Service Group PLC
15 October 2003

15th October, 2003

Room Service Group Plc ( "the Company")

Notifiable interest

The Company was notified earlier today that, following a purchase of 10,000,000
ordinary shares, Photo Distribution Limited is now beneficially interested in
10,000,000 ordinary shares in the Company, representing 8.05 per cent. of the
issued share capital of the Company.

This information is provided by RNS
The company news service from the London Stock Exchange

END
cougar6 - 15 Oct'03 - 17:50 - 248 of 747
also on the board of epe ?

daza70 - 15 Oct'03 - 18:24 - 249 of 747
any views for tomorrows open? (im a holder)

easymoney03 - 15 Oct'03 - 18:41 - 250 of 747
this will open strongly i expect 30-40% looks good folks...

daza70 - 15 Oct'03 - 18:50 - 251 of 747
easy: i really hope so!! Has anyboby seen trading like this before!!

psps - 15 Oct'03 - 19:25 - 252 of 747
NEVER

Ellemaitch - 15 Oct'03 - 19:28 - 253 of 747
Just had a quick browse at L2 quote changes ; at 16:31 , EVO were showing at 0.12 / 0.17 ; WINS at 0.10/0.15 and SCAP at 0.09/0.14 .

From previous posts regarding persons/companys with a significant interests in RSV , the total (in round figures) being held is approximately 72.5 million out of a maximum £124 million approx . Going through todays trades and bearing in mind that advfn seemed to be a little sluggish with amending their quote changes on the trade log , it seems , that buys amounted to 96m and sells 37m .

SO lets contra them and we are left with 59m shares that are now being held . If we add that to the 72m , the total shares being held is 131m , which is 7m above the alloted share capital If you also filter through the BB and see how many have jumped in with 1-2million purchases , me included , and not so many being frighened out at the mo and used this big dip as their reason for jumping in, it all becomes quite unbalanced. Now , to me there can only be two answers . The first being the obvious one that one of the major holders has dumped their stock and there was , as quite rightly suggested , an overhang that needed filling or 2,the MMs are selling stock they ain't got ,hence the volatility .

How many of you us retail investors ever thought we would have to disclose ourselves with notable holdings in a listed company

Just to end , bit of sad news ....., Sophie Ellis Baxter has been found dead in a french footballers room ... apparently it was murder on zidane's floor !!

jmillskeel - 15 Oct'03 - 19:28 - 254 of 747
how many did vq get was it 6 million ??
Guess we shall see tomorrow..

jmillskeel - 15 Oct'03 - 19:32 - 255 of 747
disclose with notable holdings in a listed company how does that work ?
Is it the investors or the brokers job to disclose ??

double6 - 15 Oct'03 - 19:32 - 256 of 747
EXCUSE MY "SPOILING THE PARTY" - BUT IF THERE ARE 125 MILLION SHARES IN ISSUE @ (SAY) 0.1p (i.e. 1 / 10th of a penny) THE CURRENT MARKET CAP WOULD ONLY BY £125,000.

THE CURRENT MARKET CAP (PER ADVFN) IS £1,250,000 (o.t.a.) - SO SURELY THERE ARE 1.25 BILLION SHARES IN ISSUE - THEREFORE ONLY 10% OF SHARES WERE TRADED TODAY ??????

psps - 15 Oct'03 - 19:34 - 257 of 747
yap if my maths is anything to go by then yes VeryQuick bought 6 mln.
so VQ name should have been in the late RNS

double6 - 15 Oct'03 - 19:35 - 258 of 747
(I appreciate that the earlier RNS today suggests that there are just 125 million, so therefore market cap should just be £125,000 ?????)

easymoney03 - 15 Oct'03 - 19:35 - 259 of 747
never seen this before but its worth the punt a cash shell sells for far more in todays market expect at least 200-300% gain on todays closing price.

psps - 15 Oct'03 - 19:38 - 260 of 747
double6,

dont worry m8...BUT.....i am afraid your maths is wrong.
there are only 124 mln or is it 125 mln shares in issue NOT 1.25 BLN

a stake of 10 mln is 8.05% .....so there you are

Opthalmist - 15 Oct'03 - 19:40 - 261 of 747
double6, the official RNS quoting holdings in company is likely to be more accurate than advfn figures going by past experience, therefore there are indeed 124 million shares in issue (mkt cap 124k)

Ellemaitch - 15 Oct'03 - 19:42 - 262 of 747
it is so simple to work out 10mill shares , which photoDist bought today.is stated as 8.05% of the share capital (check RNS 17:31 so yes , there are £124m(and a few odds) shares and yes , the market cap is a mere £125000 ... ish . this was trading at 0.25 on monday too !

double6 - 15 Oct'03 - 19:42 - 263 of 747
124,000,000 x 0.1p (ie 1/10th of a penny) = £124,000 NOT £1,240,000

SO IS THE MARKET CAP ONLY £124,000 ???

ADVFN STATE £1,240,000.

double6 - 15 Oct'03 - 19:43 - 264 of 747
God - ADVFN - Who'd trust them !!!

me me - 15 Oct'03 - 19:44 - 265 of 747
double6
I thought the same but check out the last RNS

psps - 15 Oct'03 - 19:45 - 266 of 747
didnt you folks know that ADVFN has a great team of MATHS expert in house.

they cant even distinguish between a BUY and a SELL.....hence they stick every deal in the GREEN

me me - 15 Oct'03 - 19:46 - 267 of 747
Double6
I bought 2 mill today

jmillskeel - 15 Oct'03 - 19:48 - 268 of 747
as everybodys trades showed up, i am missing one ?

double6 - 15 Oct'03 - 19:48 - 269 of 747
Just checked the Results:

3. Earnings per share

The basic earnings per share is calculated on the weighted average number of
shares in issue during the year of 122,870,118 (2001: 395,029,879). The fully
diluted earnings per share takes account of outstanding options which results in
a weighted average number of shares in issue during the year of 122,870,118
(2001: 397,807,679).

Yep - ADVFN HAVE GOT THEIR MATHS WRONG !!!

Ellemaitch - 15 Oct'03 - 19:51 - 270 of 747
im holding 3m ... my 3 , me me's 2 , vq's 6 , Maggs 6.6 , PhotoD's 10 , well thats 27.6 for starters or 22.2% of the total share capital . Any one else ... worth totting up here ( if poss ) to see whetherthe MMs have sold stock that they aint got !!

double6 - 15 Oct'03 - 19:51 - 271 of 747
Wish I'd bought @ 0.1p today, and not waited for any further falls - continued buying tomorrow could make it VERY interesting....

me me - 15 Oct'03 - 19:53 - 272 of 747
Ellemaitch
Good idea me hold 2,212,440

me me - 15 Oct'03 - 19:55 - 273 of 747
Might buy another 2,787,560 in the morning round it up to 5 mill 4% ish

Ellemaitch - 15 Oct'03 - 19:57 - 274 of 747
meme -u only want over 3% so ure names in lights don't u ? ;-) YOO has been quiet last few days too (thank god) couldnt deal with both at once !!!

jmillskeel - 15 Oct'03 - 19:57 - 275 of 747
Ellemaitch holding 10073183

double6 - 15 Oct'03 - 20:00 - 276 of 747
Ellemaitch - holding 000000000.

Tempted to buy some though...

double6 - 15 Oct'03 - 20:00 - 277 of 747
Sorry - that should just be 00000000.....

jmillskeel - 15 Oct'03 - 20:01 - 278 of 747
its your type of share isn't it double6 ??

jmillskeel - 15 Oct'03 - 20:01 - 279 of 747.

Opthalmist - 15 Oct'03 - 20:01 - 280 of 747
Don't forget all the director's holdings as well!

Ellemaitch - 15 Oct'03 - 20:03 - 281 of 747
gon for a curry , will have a tott up later i think , unless some1 has b4 . be very interesting ad it will at least tell all BB posters whetherthere is any avalable stock or wheter the MMs are scrambling for some !

double6 - 15 Oct'03 - 20:04 - 282 of 747
jm - aye - sick as a chip that I missed it at 0.1p, relying on ADVFN's data - if I'd realised its market cap was only 125k I'd have been in like a shot....

double6 - 15 Oct'03 - 20:05 - 283 of 747
jm - with the "Cash Shells" being the talk of the town again, are there any other out there that interest you ??

singinsmythe - 15 Oct'03 - 20:09 - 284 of 747
This is gonna sink like a stone tommorow .0006-.0008 if your lucky.

jmillskeel - 15 Oct'03 - 20:17 - 285 of 747
There was a reason that you could buy so many shares today, the mm can't sell shares they don't have, not to this amount anyway.

double6 - 15 Oct'03 - 20:20 - 286 of 747
hmm...

Kael - 15 Oct'03 - 20:24 - 287 of 747
there's always a reason. mm's do sell shares they don't have, but you are quite right I don't see why they would take such a position on a tiny stock. looks like we will know tomorrow, directors prolly sold their share.

jmillskeel - 15 Oct'03 - 20:29 - 288 of 747
Even if one of director have sold there still been 133 million shares traded for no reason ??

We shall see...