Vphase Share Discussion Threads

[melton john] 01/5/2015 00:19

As Iafyds go into liquidation the company which bought the IP for £200000 is run by non other than Rick Smith. Still looking smug.
hxxp://www.bristolbluegreen.com/about-us/

[the_beagle] 14/2/2014 10:52

Now down 80% no less and called Iafids IAF.

What a pile of poo!

AIM should not let these deals happen imo.

[the_beagle] 12/2/2014 16:29

bozzy.. I posted it as a raving short the other day at .1p+, but could not find a way to do it. Still way over priced, and I can't understand why people haven't decimated the bid.

[bozzy_s] 12/2/2014 16:17

And another 160 million sold for an 8-fold profit!

Cost £4,800

Sold £40,000


Unbelievable.

Gutted I didn't short from 0.1p. Almost guaranteed 90% faller from there. Probably closer to 99% medium-term, and 100% long-term.

[smithie6] 12/2/2014 16:10

"Melton John 22 Jan'14 - 18:12 - 1038 of 1041 0 0


Smithie, at one time the share price was 8p giving a market cap of £47M, unbelievable."


wow !

UK PIs.....many dont seem to bother reading co. accounts ...
or understand the idea of risk or a bad RNS
quite a few sharp share price falls in last year

Cupid
CPP
Mobile Streams
Blinkx
etc

[bozzy_s] 12/2/2014 15:55

£4,000 sale (10 million shares), presumably cost the purchaser £300 in the placing. Nice work if you can get it!

Still overvalued by a factor of 10.

MMs are absolutely nuts paying 0.04p, weeks after 5,000,000,000 shares were issued at 0.003p !!

[r5sjr] 22/1/2014 19:22

This V phase product was a hard sell knowing this working for an electrical wholesaler myself no one was interested in the single phase product because of the lack of products in a regular domestic dwelling the money saving on your bills was to low for the single phase unit to be a decent success. We had these on the shelf at an average cost of £115 per unit i recall a sale last year at £90 each just to get rid of stock. Also with Apex Energy Uk with there VO's with on board devices this would of effected V phases sales too and this one is just as difficult to sell as well.

[briangeeee] 22/1/2014 18:27

Reading the public documents it was clear that a CVA was being arranged, and the historic creditors received a small sum to permit it to proceed. However, I didn't realise the intention was to lift the suspension, and recommence trading.

There will be a vote shortly to approve the 5 billion share placing, in which the largest holder and beneficiary can't vote. You'd have to wonder why any existing holder would vote for such dilution, unless Henderson threaten that it won't proceed with out this level of dilution. If I were a holder, I'd suggest that either the money was put in at a much more sensible level, say 0.1p, or it was open to all holders. If not, I'd vote against the resolution.

Shorting isn't practical at present because there's no borrow. That's probably because they'd like the price as high as possible pre-meeting to persuade holders. However if the resolution passes, it seems unlikely to stay that way!

[melton john] 22/1/2014 18:12

Smithie, at one time the share price was 8p giving a market cap of £47M, unbelievable.



Melton John
27 Apr'09 - 21:37 - 178 of 1037 0 0 edit

I am also a watcher but several things put me off.
The present market cap is £47 million !!!!!!
Thats a hell of a lot of good news already in the price and I wonder can it deliver a return for any one buying at this level.

From an engineering standpoint it doesn't stack up in my opinion to deliver claimed 10% savings.................

etc

[bozzy_s] 22/1/2014 17:44

dwalton has explained it very well above. A placing at a whopping 98% discount to share price (when suspended) means existing holders are wiped out, and most likely outcome is someone gets a cheap AIM listing via Henderson's 5 billion shares.

I'm amazed the shares actually went up this afternoon! Henderson could sell some of the placing shares for a 3200% profit!! Never seen anything so mad in my life. Who in their right mind would buy shares for 33 times more than the placing price?

[412069] 22/1/2014 15:05

I thought these had gone bust, i still have a few of these. Anyone explain!

[bozzy_s] 22/1/2014 14:29

Thanks for the explanations in 1032 and 1033 :)

[dwalton] 22/1/2014 13:41

I would add that any assets transferred in by the new client will come at a price..... further mass dilution to add to an already ridiculous rip off of existing shareholders.

When they are almost wiped out, a consolidation of existing shares (10,000/1)?

Then a new issue of equity to satisfy AIM "free float" requirements and introduce working capital.

[dwalton] 22/1/2014 13:34

No. That is not the way it works at all. Hendersons have not funded this out of the goodness of their hearts for the benefit of the creditors. They obviously have a client who wants a cheap AIM listing.

Shareholders will not like it, they (the existing shareholders)are the only ones to lose....... big time.

Everyone else will win. The creditors will be paid and the company will exit it's CVA. Henderson's will sell their stake to their client at say .005p/share making a cool £100k in the process. Creditors are paid off. New client gets AIM listing at a knock-down £250k.

[typo56] 22/1/2014 12:38

I'm surprised these have come back at all. Investment shell? This must be a bull market.

[the_beagle] 22/1/2014 12:26

Thanks swizz. So you open a short at .04p. The share price stays steady and you have other ideas for your funds say a month later. You close out at .07p and lose a bundle. And no doubt they want a great big deposit as well. Not for me!

[swizz] 22/1/2014 12:20

tb - Spreadex offer a SB market with the majority of AIM shares, I have been a client for approx a year and they are a decent bunch, the mkt in Vphase with Spreadex is currently 0.04 / 0.07.........GL S

[the_beagle] 22/1/2014 12:17

I keep asking posters this but never get a reply, so I'll try again.

How can I short this or any other AIM share please?

[encarter] 22/1/2014 11:44

You don't need DMA to short these if you've got the guts.

[the_beagle] 22/1/2014 11:35

bozzy...Having DMA does not give you the right to "naked short". Otherwise it would kill the market stone dead.

[bozzy_s] 22/1/2014 11:03

Quickly doing the maths, these are now capped at a whopping £4.7m (6.3bn x 0.075p) with no cash (small amount raised to pay creditors), no assets, and presumably no ongoing business.

If I were a bigger player with a direct market access broker, I'd be shorting heavily expecting a 96% fall to the placing price. It'll probably happen quickly too.

[encarter] 22/1/2014 08:22

5 billion shares issued at 3 thousands of a penny and that's just to settle the books.