Shore Capital

Below I have posted the transcript of a telephone call I had with Mr Graham Shore, the Managing Director of Shore Capital Stockbrokers Limited, one of the market makers for shares in Room Service Group / Azure Holdings.

The conversation took place on 23 December 2003 at approximately 16:00. Earlier the same day, I received the letter below:

If you wish to listen to the call, then right click on the button to download and save the MP3 file.

Not seeing anything untruthful on the website, I telephoned Shore Capital.

Shore: Hello Mr Smith

Anomalous: Hello

Shore: Yes Graham Shore speaking

Anomalous: Hello Graham. Right, I’m calling up about this letter you’ve sent me.

Shore: Yes

Anomalous: Concerning the website.

Shore: Yes

Anomalous: You haven’t specifically stated where there is an error

Shore: I’ve stated that the statement you’ve quoted us as saying is something that we’ve never said.

Anomalous: Now I’m looking at the website myself right now and the only entry that states the quotation that you made to the Financial Times is in a letter that I sent to the FSA.

Shore: At the bottom of the, at the bottom of the section which says whats this all about.

LONG PAUSE

Anomalous: Right OK, I’ll change that to mention the quote that you made to the Financial Times.

Shore: That’s fine. All we’re asking for is accuracy.

Anomalous: Well we will give accuracy on that and I can assure you that you will have your day in Court, because we are preparing Court papers. (interrupted by shouting)

Shore: I DON’T KNOW HOW YOU CAN COMPLETE.YOU MUST BE OFF YOUR BLOODY TROLLY, IF YOU DON’T MIND ME SAYING SO, BECAUSE I MEAN HOW ON EARTH COULD YOU HAVE AN ACTION AGAINST SOMEONE WHEN I HAVEN’T DONE ANYTHING.

Anomalous: I do mind your swearing at me.

Shore DO YOU? WELL I MIND, I MIND YOUR ENTIRE BEHAVIOUR. I MEAN I JUS, JUST TO BE, JUST TO BE CLEAR YOU MADE ALLEGATIONS ABOUT US, ABOUT US THAT ARE UTTERLY UNFOUNDED, YOU MADE DEFAMATORY REMARKS ABOUT US AND NOW YOU’RE THREATENING LEGAL ACTION.

WE GOT A) WE’VE GOT NO CONTRACTUAL RELATIONSHIP WITH YOU WHATSOEVER AND B) WE HAVEN’T ACTUALLY DONE ANYTHING.

WE’VE, WE’VE SAID REPEATEDLY THAT WE HAD NO MATERIAL POSITION IN THE STOCK ...UM...SHORT OR OTHERWISE, SO WHAT DO YOU THINK WE’VE DONE?

YOU MAY HAVE AN ACTION AGAINST OTHER PEOPLE, I DON’T KNOW, BUT YOU’VE GOT NO ACTION AGAINST US...AND IF YOU, AND IF YOU PERSIST IN WASTING OUR TIME WE WILL UNDER, AND, AND AND DEFAME US, WE WILL UNDOUBTABLY TAKE ACTION AGAINST YOU.

Anomalous: Well I have to tell you Mr Shore, that apart from this telephone call being recorded and everything you say has been taken down.

Shore: GOOD

Anomalous: that um. WE do have evidence that people who purchased from you, including myself.

Shore: YES

Anomalous: have not received shares

Shore: ARE YOU, ARE YOU PER..I DON’T THINK YOU PURCHASED ANYTHING FROM US. YOUR BROKER MAY OR MAY NOT HAVE PURCHASED FROM US BUT YOU WE, ER, ER, HAVE PURCHASED NOTHING FROM US.

AND, AND, AS I SAID TO YOU, AN, AN, AS I SAID TO YOU, WE HAVE TOLD THE FINANCIAL TIMES, UM, THE SITUATION.... AND UM, AND UM I’M, I’M NOT GOING TO REPEAT WHAT, WHAT ER WAS SAID. IF YOU JUST STICK TO THE FACTS, THEN YOU’LL BE ALRIGHT OK.

Anomalous: We are sticking to the facts.

Shore: Thank you.

Anomalous: We’ll have to see you in Court.

Shore: OK FINE, BYE.
 

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