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JakNife - 4 Feb'04 - 22:29 - 1904 of 1951 Good evening rocket fuel (hic)
"lol big time to that quote, as it was only yesterday that jak was having an obvious laugh and joke about an imaginary response from the fsa and you all had a syncronised panic attack. funny though as i've read a couple of posts by anomalous about an imaginary "£12m compensation package rewarded to rsv shareholders as evo were found guilty of wrongdoing" i didn't hear an uproar over those blatant lies (or was it light hearted humour?)"
LOL, only £12m!?!????
uknighted - 4 Feb'04 - 22:29 - 1905 of 1951 A little bird tells me 26. Power mad or what?
rocket fuel - 4 Feb'04 - 22:48 - 1906 of 1951 yes jak £12m was the dream. a mere 100x market cap from when they first bought in (rsv had mkt cap 120k)
Anomalous - 5 Feb'04 - 00:23 - 1907 of 1951 You can't even get your facts straight. Does your nose get longer every day? Stop writing on the BBs and start giving your missus some attention Pinnochio style.
I asked for a £12.9 million fine on the MMs to go to the FSA's coffers for all the trouble they've been put to. They've had to expend a huge amount of their resources to deal with this market abuse. It's only fair that your MM bosses pay for it. After all the MMs caused this abuse, so we don't see why the taxpayer should have to foot the bill. We consider it much better for the MMs to pay their profits for 2002 into the FSA's bank account.
Stop writing lies. we've never asked for £12.9 million compensation. We did ask for £20 million at one point, but we discussed this with our lawyers and they thought it might be pushing the boat out a bit too far. But if the judge wants to award this figure, we'll be more than happy to accept it. Our demands are far more modest. But we're lobbying everyone with clout, No10, HM Treasury, Opposition, FSA, TSC, HOC and Media to make sure that the MMs pay the maximum amount possible.
They'll regret failing to answer our letters in October, November and December. They've forced us to file an action in Court, Now it will cost them far more to settle out of Court.
Anomalous - 5 Feb'04 - 01:29 - 1908 of 1951 Oh and by the way I forgot:
We would like all people visiting this board to be aware that the RSV Shareholders Action Group considers most of JakNife's posts to be false and misleading. Indeed JakNife has been reported to the Financial Services Authority because of this. Apart from his boring 'cutting and pasting' routine, he uses pseudo-legal arguments to make his point and is often in error. It is our opinion that JakNife is representing the Market Makers and is 'fishing' for information to help their case. These Market Makers performed a serious market abuse on private investors are presently subject of an enforcement investigation by the FSA. Please do not answer his posts or supply any information.
We would also like it to be known the Sprocket tool and Knitwit also talk complete bollox !!! ..... However ..... DYOR :-)
rocket fuel - 5 Feb'04 - 06:50 - 1909 of 1951 £20m. lol
Parishmod - 5 Feb'04 - 06:57 - 1910 of 1951 COMPANIES: UK: Room Service investors to sue By Elizabeth Rigby Financial Times; Feb 05, 2004
Shareholders in Room Service, the Aim company involved in a short-selling scandal, yesterday moved to sue market-makers for their alleged role in the affair.
Members of the Room Service Shareholders Action Group have filed four separate claims against Evolution Beeson Gregory Limited, Shore Capital Stockbrokers Limited, Winterflood Securities Limited and Comdirect Limited for "misrepresentation and breach of contract".
They plan to file another 30 claims over the next year in the small claims court, which can award shareholders damages of up to £5,000.
It emerged in December that short-sellers had sold more shares in Room Service, now renamed Azure Holdings, than existed. This created settlement problems and left many small investors out of pocket.
Nigel Smith, of the action group, said: "We are suing them for failing to deliver shares to shareholders on the agreed settlement date. The market-makers knew that they had no prospect of completing the transactions by the settlement date, because they had over-shorted and did not have the stock to deliver."
Shares in Room Service resumed trading last week after the settlement backlog was resolved.
In January, the LSE told market-makers to offer shareholders a cash settlement in lieu of delivery of the shares. Shareholders were given the choice between holding out for their share certificates or taking a cash settlement of 11.2p a share. The shares were suspended at 6½p.
Meanwhile, the Financial Services Authority is looking into the circumstances of the short-selling and has passed the case on to its enforcement division.
Evolution Beeson Gregory, Winterflood Securities and Comdirect Limited declined to comment. Shore Capital said: "We have no material position - short or otherwise, in Room Service."
psps - 5 Feb'04 - 07:31 - 1911 of 1951 excellent article
Agincourt - 5 Feb'04 - 11:49 - 1912 of 1951 JaKNife
Careful you don't get weed killer on your Silver Fern.
mgstone - 5 Feb'04 - 14:06 - 1913 of 1951 Jaknife you said a few days ago you don't hold CRB? Why post like you have on the CRB board? Just interested to know? Also a bit strange after reading recent posts that KevinRTaylor started the CRB thread.
KevinRTaylor - 24 Dec'02 - 00:59 View 'KevinRTaylor' profile
JakNife - 5 Feb'04 - 13:36 - 190 of 191
More terrible results:
http://www.uk-wire.com/cgi-bin/articles/200402051245570645V.html
I guess that on the bright side last year they lost £13m and this year they've lost only £6.9m. However, given that they started the year with only £7.3 of equity shareholders' funds then this just further emphasises the complete incompetence of management - they lost nearly everything that they started with!
Agincourt - 5 Feb'04 - 14:13 - 1914 of 1951 JakNife
LOL
JakNife - 5 Feb'04 - 14:15 - 1915 of 1951 Why not mgstone?
Agincourt - 5 Feb'04 - 15:06 - 1916 of 1951 Ah JakNIfe
Into anonymous phone calls now are we?
vanhalen - 5 Feb'04 - 15:10 - 1917 of 1951 Agincourt ..... tell us more !!!
Agincourt - 5 Feb'04 - 15:11 - 1918 of 1951 JaKNife
Obviously too much of the Amber Liquid.
Agincourt - 5 Feb'04 - 15:47 - 1919 of 1951 Just got a phone call.
He asked for Nigel.
I said that Nigel was not at this address.
He asked if this was the RSV shareholders action group and could he speak to Nigel Smith
I said Nigel Smith not here but that I worked with him.
I asked who it was calling.
I did not get an answer to that but he implied (or at least I got the impression) that he was a member of the group.
I asked him if he was on the bulletin board - he sort of said "yes".
I gave him my name and said that I worked with Nigel on the action group.
He still sounded wary and unwilling to give his name.
I felt that I needed to be helpful, so, I told him my name again and confirmed that I was Agincourt.
He said "Thank you for confirming that" and put the phone down.
JakNife
I trust that is a fair summary of the call. If not please correct me, so that we can get an agreed transcript. Of course you could always deny that it was either you or at your instigation.
thumbtwiddle - 5 Feb'04 - 15:51 - 1920 of 1952
lol
vanhalen - 5 Feb'04 - 15:56 - 1921 of 1952
Very intriguing ..... perhaps an offer is on the way !!!
mgstone - 5 Feb'04 - 15:57 - 1922 of 1952
Jak - normally just shareholders or those interested in purchasing a certain share would post on the BB's whether rampers / derampers or genuine posters. I don't just go to a certain BB and start posting some snipits from their results and say, mmm interesting they narrowed their loss but still badly managed etc etc...
That's why I would not. So why?
JakNife - 5 Feb'04 - 17:06 - 1923 of 1952
Hello Agincourt
"Of course you could always deny that it was either you or at your instigation."
My preference is to ignore the vast majority of your posts given that your technical analysis is more often then not flawed and your commentary childlike. However, given the gravity of your current accusation I am happy to confirm that I have no knowledge of what you are referring to.
Agincourt - 5 Feb'04 - 17:18 - 1924 of 1952
LOL
Agincourt - 5 Feb'04 - 17:19 - 1925 of 1952
JaKnife
It's not that grave. Who ever it was was not threatening or abusive.
VERY QUICK - 5 Feb'04 - 18:23 - 1926 of 1952
I see that the deramping is still going on here, Why should it be my fault that everyone bought RSV shares. I bought these shares in the believe to make money just like everyone else that bought these. Did i hold a gun to everyones head and made you buy them." NO." So dont keep going on that it was all my doing as clearly it was not. I no longer hold the 80000 Azure shares, I took up the offer of 11.2p and got out of this mess. So therefore i no longer have any interest in the outcome of RSV/Azure. Good luck to everyone else who is waiting for there compensation payments. So please carry on deramping me. Just remember it was your own actions that made you buy these shares for a profitable gain.
garbut - 5 Feb'04 - 18:31 - 1927 of 1952
Yeah.....I think we knew that already.....But thanks for the reminder. GB
vanhalen - 5 Feb'04 - 18:35 - 1928 of 1952
Very quick .... nice to see you !!!
No one here is blaming you at all
Appears to be the other side using you as the latest vehicle
garbut - 5 Feb'04 - 18:47 - 1929 of 1952
Vq......Youre still on the Xmas card list.....So stop fretting.
JakNife - 5 Feb'04 - 18:48 - 1930 of 1952
Somebody ramped this one across all of the boards VanHalen both here and over on iii. If it wasn't "VERY QUICK" then don't you think that it would be sensible to try and find out who was behind it? It just strikes me as obvious that the original ramper may have been in somehow connected with either the MMs or Chiddingfold.
psps - 5 Feb'04 - 18:50 - 1931 of 1952
whats the point in buying a ramped share. ?
aslawys DYOR and then either BUY or sell........SIMPLE
Jonck - 5 Feb'04 - 18:54 - 1932 of 1952
Very quick - nice to see you again. Hold you responsible? ... no way, its just certain people getting hot under the collar and trying to cloud the real issue.
Jak - get a life - go out and have a nice meal with the girlfriend and forget RSV for a bit - you need to get out more and enjoy life so you can relay some interesting stories to your 'buddies'. The rest of us are enjoying this thread - because we have other interests in life apart from shares....can you say that hand on heart?
Agincourt - 5 Feb'04 - 18:56 - 1933 of 1952
JakNife
As you know - ramping a share is an offence - so you are saying that it is obvious that the the MM's or Chiddingfold are guilty are you?
garbut - 5 Feb'04 - 19:00 - 1934 of 1952
Well I bought a shed load today,because I dont believe that people "Ramp" shares. And it would be sensible to find out who recommended these because congratulations are in order. GB
vanhalen - 5 Feb'04 - 19:01 - 1935 of 1952
Jak ..... in the heat of the moment we are all guilty of ramping or deramping .... only human nature.
Only the gullible would have bought or sold on VQ's advice. ..... DYOR and all that :-)
Can you imagine everypost on all the threads ending with .... However, DYOR !!!
Too buy into a share on the advice of another party without doing a bit of research is very foolhardy. 99% of peeps within the ADVFN network appear to be intelligent and grown-up enough to accept outcomes without having to resort to a witch hunt when faced with a loss. Unless the loss is due to daylight robbery of course !!!
garbut - 5 Feb'04 - 19:06 - 1936 of 1952
VH......Are you trying to say that my 5 Quadzillion are now worthless!
JakNife - 5 Feb'04 - 19:08 - 1937 of 1952
I'm really unsure if there's any point exchanging posts Agincourt, you appear deliberately determined to distort and manipulate comments so that they suit your own personal means.
I am saying that it strikes me as obvious that the share was ramped by somebody since as a simple fact there were numerous ramping posts made both here on ADVFN and also over on iii.
It strikes me that the only people benefiting from a ramp are the people who are selling and so given the circumstances I would be suspicious that the ramper was in somehow connected with either MMs or Chiddingfold. It should be clear from the language that I am using that this is purely conjecture on my part but given the stakes I again express my surprise that you have not tried to find the common ramper that first brought your attention to RSV.
vanhalen - 5 Feb'04 - 19:08 - 1938 of 1952 garbut .... if i were you i would delete the word 'virtually'. However ...... IMHO ..... DYOR !!!
garbut - 5 Feb'04 - 19:12 - 1939 of 1952 Jaknife, I take it that you are talking in"Retrospect?"
SILIO - 5 Feb'04 - 19:13 - 1940 of 1952 sorry wrong thread
garbut - 5 Feb'04 - 19:17 - 1941 of 1952 Done!VH.....Ouch,Not!
vanhalen - 5 Feb'04 - 19:19 - 1942 of 1952 Silio ..... makes a change from being on the wrong planet !!! The 'spaced out' thread is over at DTC !!!
SILIO - 5 Feb'04 - 19:21 - 1943 of 1952 very true, van
vanhalen - 5 Feb'04 - 19:22 - 1944 of 1952 :-)
garbut - 5 Feb'04 - 19:34 - 1945 of 1952 Jaknife, Have you decided to call it a day.....For today?
uknighted - 5 Feb'04 - 19:37 - 1946 of 1952 Interesting post from the ZOO TECH BB today - Post no.334
"from what i understand if the mm's allow you to sell more than buy it's because they are short of shares. and when they mark the price down in such circumstances (which is termed "squeezing" ) when there is obvious demand for a stock then i would suggest that is called price manipulation (aka market abuse). the fact that 3 out of Zoo's 5 brokers were invloved in the recent "Room Service Group Plc" scandel ( Evolution Beeson Gregory, Shore Capital Stockbrokers Limited and Winterfloods Securities Limited), leads me to believe that one or more of these mm's are up to the same manipulation.
"Price Abuse 1: Even though the volume of shares being purchased was way above the volume that could be legitimately sold by the markets, they artificially kept the price low, when demand should have required them to raise the price, to encourage sales and satisfy their contracts. Under the FSA Code of Market Conduct, this is described in section 1.5.3 (The Code of Marker Conduct) as False or Misleading Impressions.""
Agincourt - 5 Feb'04 - 19:56 - 1947 of 1952 Unknighted
Don't worry - JakNIfe will come up with some laughable bit of sophistry to explain why that is quite OK if done by market makers.
VERY QUICK - 5 Feb'04 - 20:00 - 1948 of 1952 I hope someone took note of AFD, I believe i tipped this one back in october, look at it today perhaps you should also had a look at TMA about two weeks ago. Share buying is crazy.
vanhalen - 5 Feb'04 - 20:09 - 1949 of 1952 VQ ..... cant believe i bailed out of AFD prior to Xmas, although only a small holding, piled into DTC instead, but still on the launch pad, will re-comence count down tomorrow .... very good news this evening :-)
Agincourt .... hope to see you soon, nice to put a face to a name. Will wear a piece of cardboard around my neck with 'vanhalen' written in large letters
Agincourt - 5 Feb'04 - 20:13 - 1950 of 1952 vanhalen
I will look forward to it. Let's hope JakNife turns up as well.
Agincourt - 5 Feb'04 - 20:14 - 1951 of 1952 JaKNIfe
I think you're getting to the ACRUX of the matter there.
greenchair - 5 Feb'04 - 22:56 - 1952 of 1952 VERY QUICK > Thanks for all your contribution early on, on the original thread. Some of your postings led to other things for me personally and some profit was involved. Thanks.
JakNife > I'm not sure if you should be filtering Agincourt or if Agincourt should be filtering you? In this latest argument, who is suing/sewing/suing (bollocks taking to court) who????
Agincourt > I have spoken to Nigel. You must have the same deep voice?
I love this share. The knowledge I have gained in the last 4 months is well worth the investment of time and money I have laid out. Maybe I was so green in the first place that I really didn't think that a scandal like this could happen. Obviously not. How many other low listed AIM stocks have made it to the FT in so many months? How many have been shorted? How many others have been manipulated in the same way
I hope the real story comes out in the end. That is how so many faceless internet surfers, with a taste for investment and research, got together anonymously and took on the London Stock Exchange.
gunnergonk - 5 Feb'04 - 23:22 - 1953 of 2153 loved reading the latest posts, hi to everyone! anom> your doing a great job thanks jacko> get lost u prat vh> we will all see each other at "THE PARTY"
PaulKent - 6 Feb'04 - 08:10 - 1954 of 2153 re the "party"..how many people on here are going to me me's and MRSHorts YOO party...?..maybe we should combine them??..at least the YOOers would be able to afford to pay for the RSVers..?!!!!
gunnergonk - 6 Feb'04 - 10:17 - 1955 of 2153 paul> its ok i think the RSVers will have enough between us to buy a round of drinks by then!, its a bit sad and lonely on the "future of azh" thread, i wonder why! should have been called the "deserters thread" sorry guys but what happened to "lets stick together"?
vanhalen - 6 Feb'04 - 12:13 - 1956 of 2153 Gunner ... we is stikin' together.
The comfort zone is 'here' where we belong ... not on a slightly alien Azure thread
gunnergonk - 6 Feb'04 - 14:18 - 1957 of 2153 vh> yes i like being here i feel i belong to a little "family" but its gone awfully quiet!
gonzo123 - 6 Feb'04 - 14:22 - 1958 of 2153 In the event this affair ends up in court,are camp followers allowed with banners and are rattles permitted?
Karma Sooty - 6 Feb'04 - 14:26 - 1959 of 2153
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