Azure Share Discussion Threads

[dusseldorf] 15/8/2006 13:35

dell314 - my post above is not intended as an 'attack'... a certain lack of credibility exists around any new poster ....I am simply trying to establish whether the poster has a) any money at stake or b) a gripe with WHI or the two other parties.

[dell314] 15/8/2006 12:29

Duss - Crosstalk would appear to have provided some useful information. Why attack him for sharing info that may benefit you?

Rgds
dell

P.S. Jak - did you read the later additions to the NLX thread? There was some more info posted about the outfits pushing the shares. Might be useful for the old financial scams board....

[dusseldorf] 15/8/2006 11:37

Crosstalk - who is your gripe with? you're obviously not a former RSV holder, though you sound as though you have a fear of losing money. From your post, its sounds like the reverse will be completed within the next couple of weeks and AZH will have suspension lifted and trading resumed....is this bad news for you?

[crosstalk] 14/8/2006 09:04

The "12 page proposal document" is not that. It is an "independent analyst's report". I have the same copy of this report, in fact I have two copies from Pacific Continental Securities and FSW Europe. The Broker/NOMAD's comments were that this report was "substantially incorrect".

The version shown in this thread is that sent out by Pacific Continental Securities. The other version I have was sent by FSW Europe, first published 12th June 2006, author: Anthony Hills, Senior Analyst FSW Securities. It is marked HIGHLY SPECULATIVE, carries FSW Europe banners and is titled "Medtech Plc" instead of "Valirx Plc (MEDTECH ACCELERATOR Plc)". Apart from that the two texts are identical.

Recently Pacific Continental Securities and FSW Europe have both recommended a purchase of Medtech at 1p. FSW said documents would be submitted to the exchange today (for a company called ValiRx) prior to a listing probably in 2-3 weeks and that any share certificate would be in the name ValiRx. Pac Con Sec told me (7/8/2006) they were acting as principal and that MedTech would be floating on AIM within 10-14 days.

The 12 page report talks of Azure Holdings, MedTech Accelerator and ValiRx.
Page 2 says "The Company is looking to reverse into a listed shell (Azure Holdings) upon completion of their fundraising". I presume the "The Company" is MedTech or MedTech Accelerator. But Azure Holdings have issued RNS 3861G on 18 July 2006. This RNS talks of a reverse takeover by Azure Holdings of ValiRx, there is no mention of any MedTech.

In addition I had concerns because:
Med-Tech Ltd was dissolved on 21/3/2006 according to Companies House website
(and may be nothing to do with Azure/Valirx)
MedTech Plc is not listed on the CH website
MedTech Accelerator's status is "Active - Proposal to Strike off"
Azure Holdings is suspended (last price 0.3p)
ValiRx was incorporated on 1/6/2006

The broker/NOMAD for Azure Holdings is W H Ireland and I have spoken to them and emailed Anthony Hill's report to them. The comment from the WHI contact was that the report was "substantially incorrect". I asked for some elaboration but this was not possibly because of confidentiality. WHI said they did not want to be associated with Anthony Hill's report and that WH Ireland and Azure Holdings had nothing to do with it. WHI advised that I should look out for RNSs issued by Azure Holdings.

I have reported all of this in detail to the FSA, closing with:
" [W H Ireland's] comments should cause great concern, especially since I have no way of finding out in what way FSW's report is inaccurate because [WHI] cannot tell me. Other investors could potentially be misled".

[seypaddison] 13/8/2006 23:38

Take a look its worth it:

[dusseldorf] 13/8/2006 22:08

roomservice used to be 11p equivalent, AZH if/when it relists should be 0.75 - 2p, so yes former roomservice shares do have value

[bigjohn75] 13/8/2006 10:43

If this is a stupid question, forgive me; but if this is sucessful, will the previous Room service shares still be of value?

[dusseldorf] 08/8/2006 21:16

Its unclear to me how many shares will be in issue post reversal, I'm assuming the above document fails to mention approx 650,000,000 shares issued to Valirx at 1p/share?

[dell314] 08/8/2006 10:58

s50cam - Many thanks for providing that documentation and thanks also to Dusseldorf for posting it here.

I'll have a read through it later, although if Jaknife says there wasn't much substance to it, I'm not expecting much......

Cheers,
dell

[dusseldorf] 07/8/2006 22:41

Have updated the header with the full content of the reverse aquisition proposal for those interested. Seems like the proposition is to create a copy of the very successful MMG model.

[dusseldorf] 07/8/2006 22:08

thanks cam, suprised TDWaterhouse couldn't have communicated this doc.

I have sufficient stock to benefit from a post floatation surge in interest

[s50cam] 07/8/2006 21:06

DD
You can remove your email I have sent it to you

[dusseldorf] 07/8/2006 19:51

Cam - would be wise for me to do some more homework before they are restored given a hold quite a few more than what I state in the header. I'll update the thread header with some relevant highlights - though guessing a name change and new ticker are to follow

[s50cam] 07/8/2006 19:18

Dusseldorf

I have a 12 page proposal document in word format that I think will answer any questions you have.
I am not to keen on posting it as one it is very long and two I am unsure whether I would be doing anything wrong.
I am happy to email it to you though if you want.

Cam

[dusseldorf] 07/8/2006 13:58

cam - if you've any information to divest it would be appreciated prior to listing when I'm sure all will become clear

[s50cam] 06/8/2006 07:34

Dell
Let me know when your around re your post 374
Cam

[orvil] 05/8/2006 12:04

ok, so my assumption is that the intention was never to obtain large commitment from PI's, more a legal requirement to make people aware, I also am with nominee (though holding a sight more than 6 shares), received notification of the general proposal but lack of information meant I had no interest or time o raise more funds.

So what does this mean? if the reverse aquisition still goes ahead, at what price and are there any more shares in free float or are the reversees in the same boat regarding convertible at 1p after October. could be very interesting before then with limited free float and a hot prospect for one month

[uknighted] 05/8/2006 11:32

Jacko For once you and I agree.

[uknighted] 04/8/2006 17:30

My shares are with TDW. They wrote to me - dated 26-07-06 - but had to accept and have money deposited by 30-07-06. Impossible timing. That said I don't think I would have wanted to take the offer up. It seemed TOO good.

[dell314] 04/8/2006 15:53

Van - That's the problem with a nominee account. They may be cheaper but you don't get company reports and all the other documentation.

However, realistically, unless the official documentation contained much more information than the RNS, I can't see why people would stump up money for the convertible. There certainly wasn't enough in the RNS to convince me whether or not it was a credible proposition.
Incidentally, didn't AZH try a fundraising shortly after the RSV debacle and only end up raising about twenty pence??

FWIW, has anyone reading these threads had full documentation and in a position to shed a little more light on the financial details of the convertible and proposed acquisition?

All IMHO, DYOR etc.

Rgds
dell

P.S. VQ - You had a right to purchase the convertible, if you so wished. How your shares are held makes no difference to the fact that you are shareholder.

[very quick] 04/8/2006 15:44

vanhalen: my shares are in nominee account, i think we get no share in the issue, as i also did not recieve any notification from Halifax. Pants is it not!

LOOKS LIKE SCREWED AGAIN. LOL?????