Auction Technology Share Discussion Threads

[345654] 31/5/2012 13:00

I'm guessing he has some 200 names set up as his disposal UKM, so people like me and you will get accused of being them by the likes of topinfo and gang.

Click on the posting history for conformation

[ukmassy] 31/5/2012 12:56

34, Is buystock the same as Bricktytoon who was ramping SGG a few weeks ago?

[345654] 31/5/2012 12:55

Loverat

Check out MDC thread, buystock going mental with different names !

[silkstag] 31/5/2012 10:19

ATG accounts for y/e 31-12-2011 due by end of next week. Might be delayed if plan to delist shares or place into Administration, but expect:

1) Nail in coffin, £5.7m loss for 2011.
2) Nail in coffin, net liabilities £5.2-£5.7m excluding tech 'goodwill' and property/plant/equipment.
3) Nail in coffin, Tech burned £303k cash into plant/equipment in first six months of 2011 and maybe more in second half. A buyer will pay £0 for those 'fixed assets'.
4) Nail in coffin, Tech ad agencies goodwill falsely x3 over-valued by Winks/Pearson on p/e of 17, to try to cover up the net liabilities deficit
5) Winks/Pearson will repeat what they said on 20-1-2012 "2011 was not a good year...although we have made reasonable progress...selling...underperforming businesses". They valued Adventis Coltman goodwill at £3,254,000 on 27-9-2011 then sold it for £0 ten weeks later. It is a lie to say that was 'reasonable progress'. That was a nail in coffin catastrophe.
6) Winks/Pearson concealed in the 20-1-2012 RNS in breach of AiM Rule 10, but here they must disclose, that tech operating profit tanked from £1.1m in 2010 to £0.5m in 2011. Nail in coffin.
7) Winks/Pearson will puff how well tech is trading in 2012. After 2011 collapse, no surprise the bank required its sale and investors refused to subscribe any ATG shares even at 0.5p. Two nails in coffin.
8) Winks/Pearson bullsh*t on 20-1-2012 "the directors view the future prospects of the Group with cautious optimism". Horrors on 10-5-2012 "unable to proceed with the Capital Raising...if insufficient funds were realised from a sale of the Technology division...appropriate action...may...include...an insolvency process...technology businesses...now have to be sold to pay this historic debt". Lesson: dont believe their bullsh*t.

Conclusion: Accounts will prove beyond any doubt that shorters can ride ATG into Administration or Liquidation. I'll post the Statement of Affairs which Winks/Pearson will then lodge at Companies House, showing the multi-million pound creditor deficit thus 0% chance of any shareholder payout.

[silkstag] 30/5/2012 21:25

Digitalis, you opened this thread on 1 May 2012 to pump the ATG share price when it was 4.2p. You said "A little company that is dear to my heart,i like the approach of the new management Mr Nick Winks CEO and his CFO Andy Pearson...investing in the technology side".

9 days later, with the price in free fall, Winks/Pearson were required to issue an RNS admitting that nobody would subscribe for shares at any price so the bank had demanded tech be sold. The price is now 0.9p and sliding to 0p, rounded up from the expected liquidation deficit of -4p to -8p.

You already 'look a complete fool' having pumped a share 9 days before it tanked 80%. Your subsequent pumping makes you look like a porky peddler. As usual, my post cites the facts on which it relies. As usual, your post is based on falsity.

[bozzy_s] 30/5/2012 18:32

405 shows an example of a genuinely libellous comment !

[digitalis] 30/5/2012 16:57

ah private frazer......not long now stag before you look a complete fool.....lol

[silkstag] 30/5/2012 16:54

My valuation of tech at £1.6-4m factors in the assumption tech is growing well in 2012, trying to recover from operating profit tanking from £1.1m in 2010 to £0.5m in 2011. Problem is £5.5m or more net liabilities which dwarves the tech valuation, and bank has forced sale of tech to cover its £1.5m. That is why ATG is 'doomed'. Tech isnt doomed, it will continue in a buyer and management ownership. But that doesn't help ATG shareholders or the £1.5-2.5m net trade creditors at liquidation.

Posting bits on Tech hiring people or them doing some work is thus irrelevant.

[digitalis] 30/5/2012 16:12

lol.......drying up down here diku.....correction overdue imho...

order being filled i suspect.....a few k sells but no effect on the 250k wanted online all afternoon...

[diku] 30/5/2012 16:09

Charts looking very slippery..

[digitalis] 30/5/2012 16:04

jon busby senior copyrighter back at Adventis HQ after 12 months...

https://foursquare.com/busbyjon/checkin/4fc632e2e4b003551207edcc?s=R9AB5M9X7-73qPl1HgvCv5A6wXI&ref=tw

[digitalis] 30/5/2012 16:00

bchannels still staffing up...even though "we,re all doomed"...lol


Second2‏@second2tweets

Our friends over at @bChannels have some interesting new marketing vacancies #jobsoxford



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[bubble pricker] 30/5/2012 15:47

Loverat, it is not necessary to have finished an accounting course to see that ATG are fiddling the numbers. I never took an accounting course and it is plain for me to see that ATG is drowning in debt and that the management are outright lying and concealing. ATG NAV is negative, and this is why I am holding on to my short from 4pm. I will not close until they are in administration.

[silkstag] 30/5/2012 15:13

Loverat, thank you that is a helpful comment by the Judge. It ties into my posts which set out the facts why I concluded Winks/Pearson have fiddled accounts by including crooked over-valuations of goodwill, thus one can fairly predict they will do the same again, being part of their MO. Of course, the buyer will nto pay those falsely inflated valuations, hence the enormous shortfall, as we saw with ACL.

ps spreadsheet now shows 31-12-2011 net liabilities -£5.7m (excluding tech goodwill and property/plant equipment), as Winks/Pearson had by June 2011 blown a further £303,000 cash on property/plant/equipment. The liquidation deficit is looking bigger with every prod of the numbers!

[loverat] 30/5/2012 14:16

SilkStag

Yeah - I think that sums up the libel point pretty well. Another useful pointer from the judge was the paragraph below. A useful argument to use if you ever get involved in an online 'spat' with someone or perhaps could be extended to discussions like this when for example, discussing and debating events which are known to readers.

Basically context is everything in libel - and amazing how many libel litigants and their solicitors fail to understand this.

I'll have a good read through those figures - thanks for that.

27. Any reader would know the context and recognise the conduct on Mr Smith 's part which was being characterised as "appalling" and be able to form his or own view of it. This means that Mr Smith 's reputation in the eyes of such a person is likely to depend primarily on what he himself has done, and is known to have done, rather than on what others are saying about it.

[silkstag] 30/5/2012 13:58

Loverat, thanks for the helpful link to a decided libel case. I understand that any libel claimant has to prove that a poster did not have an honest belief in the truth of his post. So a poster must be right or believe he is right. Posters do not have access to full information, especially if it is wrongly concealed from the market. Thus their views are based on the data they have.

1) I now have a spreadsheet estimating 31-12-2011 net liabilities at -£5.4m excluding tech goodwill and property/plant equipment.

2) It also shows 2011 loss is £5.7m [with possible adjustments referred above].

3) The 27-09-2011 interim results RNS does include Adventis Coltman goodwill at £3,254,000. It did only made profit before tax of £135,000, so earnings c£100k. They did value this struggling people business on a p/e of 32. On 7-12-2011 Winks/Pearson did complete the sale of the Adventis Coltman assets for £75,000 and got £0 for that £3,254,000 goodwill. That was a £3.254m shortfall just 10 weeks later. I conclude that 'crooked accounting was busted'. Fair comment. If a reader disagrees then they can see my basis for saying it, thus can form their own view.

4) If in the impending accounts Winks/Pearson value goodwill in the two tech subsidiaries on a p/e over 17, that would seem so ridiculously high, compared to the 0 to 5.9 p/e they got selling other subsidiaries, then that would again look crooked.

5) Believing with good cause that net liabilities are -£5.4m at 31-12-2011, getting worse due to central costs, and the tech divison being valued on standard metrics at £1.6-4m (if 2012 is going well), it is fair comment (seems ineviatale) ATG will go into liquidation with a multi-million pound deficit. Add £1m advisor fees, lawyers and liquidator fees, -4p to -8p per share seems inevitable. Fair comment!

ps Pittsburghguy says you have a huge ego and 'your ego,s as big as your kn-b'. His grasp of English is so poor he doesnt realise he paid you a 'huge' compliment!