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CLY Caplay

0.075

0.00 (0.00%)

03 May 2024 - Closed

Delayed by 15 minutes

Caplay Investors - CLY

Share Name	Share Symbol	Market	Stock Type
Caplay	CLY	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	0.075	01:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
			0.075	0.075

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Posted at 19/2/2009 10:45 by monty77 BuzzyL - is that you LP? 'Since making the initial loan, the Board of Caplay has been pleased with the progress that Textic has continued to make in developing its business. In addition to launching Talklets Plus, a ground-breaking translation tool, and completing the beta release of Talklets Mobile, Textic has raised a total of GBP430,000 in equity since Caplay's loan and continues to attract interest from outside investors. Your Board remains in very close contact with Textic and its advisors and remains confident that Textic will prove to be an attractive investment for Caplay and its shareholders. ' Let's hope a decision is made to aquire as Textic are picking up interest from a number of parties. Read Full Thread Reply
Posted at 24/9/2007 08:59 by bbd2 Private Trading Systems plc select Overview Profile Contacts Reports & Accounts Offerings News Market Data Charts News Private Trading Systems plc - Admission to Trade on the Frankfurt Stock Exchange PRIVATE TRADING SYSTEMS PLC 20 September 2007 PRIVATE TRADING SYSTEMS PLC ("PTSP" or "the Company") Admission to trading on the Frankfurt Stock Exchange Private Trading Systems plc (PLUS: PTSP; XETRA: Trading Symbol 3PR, Stock Information Symbol PTSP:F) announces that its application for its shares to be admitted to listing on the Frankfurt Stock Exchange as administered by the Deutsche Borse, has been accepted. Dealings on the Frankfurt Stock Exchange are expected to begin on the 24 September 2007. The Frankfurt Stock Exchange/Deutsche Borse is one of the world's largest stock exchanges and the electronic trading platform of the exchange, XETRA, has made it a significant fully electronic market. 4,600 traders from all major banks and brokerage firms in 18 countries are connected to XETRA. For further information on Deutsche Borse, see: Lindsay Smith, Chief Executive of PTSP, said "We are delighted with this latest development, which we view as an important step in expanding our stock market presence and providing an opportunity for us to attract further investors as we pursue new and exciting business prospects." The directors of Private Trading Systems plc accept responsibility for this announcement. Contact: Lindsay Smith, Chief Executive, Private Trading Systems plc Tel: +44 20 7692 0636 e-mail: lindsay@pvtd.com Matthew Thompson, Corporate Advisers, Atlantic Law LLP Tel: +44 20 7616 2888 e-mail: matthew.thompson@atlantic-law.com ABOUT PRIVATE TRADING SYSTEMS plc Private Trading Systems plc operates a securities trading system known as the Private Equity Trading System or "PETS." PETS can be used for trading financial instruments or any financial asset capable of being converted into electronic form. Offering straight through processing and instantaneous settlement, PETS closely combines the exchange and settlement functions and links with custodial functions through regulated banks. The market for securities trading continues to grow rapidly, driven by the rise of electronic trading. There are over seven million separate, tradable securities worldwide, with new products emerging every year. While various systems cover different parts of the trading cycle, no one service currently offers all the necessary components of the trading lifecycle in a seamless, and integrated fashion. Through PETS, which offers worldwide, real-time, instantaneous trading and settlement in any financial instrument, the company is well placed to exploit this market opportunity. Private Trading Systems plc is the parent company of The Private Treaty Market Limited, a UK company that designed and developed PETS. Read Full Thread Reply
Posted at 14/6/2007 07:29 by william-just News Private Trading Systems plc - Private Trading Systems plc lists on PLUS Markets PRESS ANNOUNCEMENT (For Immediate Release) PRIVATE TRADING SYSTEMS INC. PRIVATE TRADING SYSTEMS INC. (SYMBOL: PVTM.PK) ANNOUNCES PERMISSION TO TRADE ON PLUS MARKET IN LONDON OF THE WHOLE OF THE SHARE CAPITAL OF ITS SUBSIDIARY COMPANY PRIVATE TRADING SYSTEMS PLC Private Trading Systems Inc ("PVTM") which, through its wholly owned subsidiaries, operates a platform for trading financial instruments in electronic form with instantaneous clearance and settlement in real time, announces that Private Trading Systems PLC ("PTS" or "the Company"), a new company incorporated in the United Kingdom, now a wholly owned subsidiary of PVTM, has been granted permission to trade the Company's Ordinary Shares on the PLUS Market in London. PTS issued the whole of its share capital to PVTM in exchange for the entire share capital of The Private Treaty Market Limited ("PTML"), formerly a subsidiary of PVTM, and the intellectual property rights vested in a patent , applied for in August 2006. The agreement for the exchange of shares between PVTM and PTS has now been completed and PVTM NOW WILL ISSUE BY WAY OF A SPECIAL DIVIDEND IN KIND TO EXISTING SHAREHOLDERS IN PVTM: 10 SHARES IN PTS FOR EACH EXISTING SHARE OF STOCK HELD IN PVTM. The record date for the dividend was June 12, 2007, and the shares of stock in PVTM were marked ex-dividend as of that date. The Registrars for PTS, COMPUTERSHARE INVESTOR SERVICES PLC, PO BOX 82, THE PAVILLIONS, BRIDGEWATER ROAD, BRISTOL BS997NH, UNITED KINGDOM will issue new share certificates in respect of the PTS shares to shareholders of PVTM only to those who present evidence of title by way of (a) definitive stock certificate(s) in respect of PVTM shares. The Registrars will dispatch the new PTS share certificates together with PVTM stock certificates in respect of the existing PVTM shares of stock to the registered owners. NO NEW SHARE CERTIFICATES IN PTS WILL BE ISSUED WITHOUT PRESENTATION OF EXISTING PVTM STOCK CERTIFICATES. SHAREHOLDERS SHOULD THEREFORE SEND ORIGINAL STOCK CERTIFICATES IN RESPECT OF PVTM SHARES TO COMPUTERSHARE INVESTOR SERVICES PLC IN ORDER TO RECEIVE THE NEW PTS SHARE ENTITLEMENTS. THIS NEWS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE SECURITIES LITIGATION REFORM ACT. THE STATEMENTS REFLECT PVTM'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS THAT INVOLVE RISKS AND UNCERTAINTIES. AMONG OTHERS, THESE RISKS INCLUDE THE FAILURE TO MEET SCHEDULE, OR PERFORMANCE REQUIREMENTS OF THE COMPANY'S CONTRACTS, THE COMPANY'S LIQUIDITY POSITION, THE COMPANY'S ABILITY TO OBTAIN NEW CONTRACTS, AND THE EMERGENCE OF COMPETITORS WITH GREATER FINANCIAL RESOURCES AND THE IMPACT OF COMPETITIVE PRICING. IN THE LIGHT OF THESE UNCERTAINTIES THE FORWARD-LOOKING EVENTS REFERRED TO IN THIS RELEASE MIGHT NOT OCCUR. June 14, 2007 Contact: Mr Austin Burrell Tel: 1-480-951-4897 Or Investor Relations Tel: 1-604-214-8140 e-mail: investor_relations@pvtd.com Read Full Thread Reply
Posted at 13/6/2007 09:06 by bbd2 June 12, 2007 11:01 PM Eastern Daylight Time Private Trading Systems, Inc. Announces Permission to Trade on the PLUS Market in the UK of the Whole of the Share Capital of its Subsidiary Company Private Trading Systems PLC SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Private Trading Systems, Inc. (OTC:PVTM) which, through its wholly owned subsidiaries, operates a platform for trading financial instruments in electronic form with instantaneous clearance and settlement in real time, announces that Private Trading Systems PLC ("PTS"), a new company incorporated in the United Kingdom, a wholly owned subsidiary of PVTM, has been granted permission to trade the Company's Ordinary Shares on the PLUS Market in UK. PTS issued the whole of its share capital to PVTM in exchange for the entire share capital of The Private Treaty Market Limited ("PTML"), formerly a subsidiary of PVTM, and the intellectual property rights vested in a patent, applied for in August 2006. The agreement for the exchange of shares between PVTM and PTS has now been completed and PVTM will now issue them by way of a special dividend in kind to existing shareholders in PVTM prorata: 10 shares in PTS for each existing share of stock held in PVTM. The record date for the dividend is today's date, June 12, 2007, and the shares of stock in PVTM will be marked ex-dividend as of today's date. The Registrars for PTS, Computershare Investor Services PLC, PO Box 82, The Pavillions, Bridgewater Road, Bristol BS997NH, United Kingdom will issue new share certificates in respect of the PTS shares to shareholders of PVTM who present evidence of title by way of (a) definitive stock certificate(s) in respect of PVTM shares. The Registrars will dispatch the new PTS share certificates together with PVTM stock certificates in respect of the existing PVTM shares of stock to the registered owners. NO NEW SHARE CERTIFICATES IN PTS WILL BE ISSUED WITHOUT PRESENTATION OF EXISTING PVTM STOCK CERTIFICATES. Shareholders should therefore send original stock certificates in respect of PVTM shares to Computershare Investor Services PLC in order to receive the new PTS share entitlements. This will result in shareholders holding 10 new shares in PTS and their existing 1 share in PVTM in respect of each existing PVTM share. Additionally PTS is completing an institutional placing of 29,411,765 (6.4%) of its new ordinary shares to raise £1.25 million (one million, two hundred and fifty thousand pounds sterling, approximately $2,465,434) of working capital. The board of directors of PTS comprises Mr. Walter Goldsmith (Chairman), Mr. Lindsay Smith (Chief Executive Officer), Mr. Austin Burrell (Non-Executive), and Mr. Robert Stevens (Non-Executive). It is intended that further appointments to the board will be made as appropriate. Mr. Austin Burrell, Chairman of PVTM, commenting on these developments, said: "...by effecting the share exchange and being admitted to Trading on PLUS Markets in London we have now ensured that shareholders have a dealing facility in a regulated public market. They will be able to trade their shares freely in unrestricted form. We are especially delighted that institutional buyers have now become investors in the future of our trading platform and we look forward to bringing the platform into full operation." Mr. Walter Goldsmith, the Chairman of PTS, said that he was pleased to have joined a company with such opportunities to bring an innovative approach to the marketing of financial instruments, and looked forward to an exciting future for PTS. This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect PVTM's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule, or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, and the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur. Read Full Thread Reply
Posted at 13/6/2007 09:03 by bbd2 Private Trading Systems Announces Agreement for Exchange of PVTM Shares; Ten Shares of Private Trading Systems Plc for Each Existing PVTM Share SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Private Trading Systems, Inc. (OTC: PVTM) announces Private Trading Systems Plc, a new company incorporated in the United Kingdom and a wholly owned subsidiary of PVTM, has been granted permission to trade its Ordinary Shares on the PLUS Market in the United Kingdom. PVTM reports the agreement between PVTM and Private Trading Systems Plc (PTS Plc) has now been completed. PVTM will issue the shares in Private Trading Systems Plc by way of a special dividend in kind to existing shareholders in PVTM prorata: 10 shares in PTS Plc for each existing share of stock held in PVTM. Private Trading Systems, Inc. through its wholly owned subsidiaries operates a platform for trading financial instruments in electronic form with instantaneous clearance and settlement in real time. Private Trading Systems Plc (PTS Plc) issued the whole of its share capital to PVTM in exchange for the entire share capital of The Private Treaty Market Limited, formerly a subsidiary of PVTM, and the intellectual property rights vested in a patent applied for in August 2006. The record date for the dividend is today's date June 12, 2007 and the shares of stock in PVTM will be marked ex-dividend as of today's date. The Registrars for PTS Plc, Computershare Investor Services Plc, will issue new share certificates in respect of the PTS Plc shares to shareholders of PVTM who present evidence of title by way of (a) definitive stock certificate(s) in respect of PVTM shares. The Registrars will dispatch to the registered owners the new PTS Plc share certificates together with the PVTM stock certificates presented. NO NEW SHARE CERTIFICATES IN PTS PLC WILL BE ISSUED WITHOUT PRESENTATION OF EXISTING PVTM STOCK CERTIFICATES. Shareholders should therefore send original stock certificates in respect of PVTM shares held as beneficial owner to Computershare Investor Services Plc in order to receive the new PTS Plc share entitlements. This will result in PVTM shareholders receiving 10 new shares in PTS Plc in addition to each share of PVTM that they currently hold. Read Full Thread Reply
Posted at 12/6/2007 21:42 by m1dge Believe PVTM own PTS with PTS market Cap £21M on listing. PVTM have about 41,000, 000 shares MKT CAP about £8.6M, CLY own about 722,000 i.e. 1.75%=£150,000 or PTS £367,500. Key bits of the announcement below. Private Trading Systems Plc's ("PTS" or the "Company") entire ordinary share capital of 426,280,354 ordinary shares of nominal value £0.001 pence each has been admitted for trading on PLUS Markets as of Thursday June 14, 2007 at which time a stock symbol will be assigned. The shares are initially priced at 5 pence per share ("Admission Price") and the Company anticipates that it will have an initial market capitalization of approximately £21,314,017. The Company has raised £1.25 million by way of a private placement with an existing institutional shareholder and will be used to further develop the Company. The PETS system will be operated through the Company's subsidiaries. PTS will seek to have a substantial interest in the long-term growth of the trading volumes across all of the distributed trading platforms that utilize the PETS system. A formal patent application on the PETS system was filed on 31 August 2006, which is now patent pending. PETS is designed to be modular so that any part of the system can be hosted anywhere worldwide. This enables PTS to take advantage of different regulatory regimes for different parts of the system, and meet different commercial needs. PTS must obtain regulatory approval in each jurisdiction in which the PETS system is to operate. PTS will initially focus on operating the PETS system in suitable European financial markets. PTML's subsidiary PETS (Geneve) SA intends to apply for approval from the Swiss Federal Banking Commission for operating an exchange in 2007. The first major contract for PETS is to trade specialized insurance products, and this should become active during 2007. The listing will help facilitate the roll out of PETS internationally. Listing on PLUS will enable the Company to grow initially in Europe and in the US. It will help to raise the Company's profile in the market to potential clients and investors, and allow the Company to raise funds in the future. History and Corporate Structure PTS was incorporated in England and Wales on 16 November 2006, as a Public Limited Company and its purpose is to act as the holding company of Private Treaty Market Ltd ("PTML"). It has not traded to date and its purpose is to act as the holding company of PTML. PTML was incorporated in 2003, to develop the proto-type of the PETS system. PTML has a wholly owned subsidiary in Switzerland, PETS (Geneve) SA. The primary assets of Private Trading Systems, Inc ("PVTD") are the 100% holding of PTML and the intellectual property rights which were acquired by the Company in exchange for all of the issued share capital in the Company on admission to PLUS ("Admission"). The existing business of PTML will continue unchanged, under the control of the Company. Reasons for the Admission to PLUS The Directors believe that the benefits of being listed on PLUS include raising the Company's profile; and the ability to raise additional funds in the future. Beneficial Ownership of Directors and Substantial Shareholders The table below sets out the number of shares of ordinary shares owned of record and beneficially by the Directors based upon the 426,280,354 shares of the Company's ordinary shares that were issued and outstanding at the date of Admission. Unless otherwise indicated each person or entity has sole voting and investment power, or shares such powers with his or her spouse, with respect to the shares shown as beneficially owned. Name Number of Shares Beneficially Owned Shareholding (%) Robert J Stevens 9,649,000 2.08 The Company has granted the following options, which are exercisable at the Admission Price. Name Number of Options Exercise Period from the date granted (years) Atlantic Law Llp 3,000,000 3 Mr. Burrell 23,333,333 7 Mr. Smith 15,000,000 7 Mr. Stevens 5,000,000 7 Mr. Goldsmith 3,000,000 7 Mr. Liker 2,000,000 7 Mr. Bandy 4,000,000 7 TOTAL 55,333,333 The following shareholders each have a beneficial interest in more than 3% of the issued share capital of the Company: Name Number of Shares Beneficially Owned Shareholding (%) Brent Anderson (1) 17,465,000 3.8 Chart Investments Limited - beneficiary is Christopher Potts 16,796,610 3.6 Mercurius Capital Partners Ltd 31,154,410 6.7 (1) Includes 935,000 shares held in the name of BA Associates, in which Mr. Anderson has a beneficial interest. Industry Overview The overall market continues to grow with over 7,000,000 individual securities available for electronic trading worldwide. New classes of securities emerge every year, one example being the rise in esoteric asset-backed securities over the last few years. New services such as Arca Ex® or Instinet® cover different parts of the trading lifecycle. However, no one service currently available offers all the necessary components of the trading lifecycle in a seamless, integrated fashion. The financial markets have seen considerable change in recent years arising from technological development, principally in electronic trading. This has enabled markets to operate at a much faster rate than was previously feasible and has led to an expectation of continued improvement in the speed of transactions. While a number of participants in the financial markets operate trading systems, none offers an integrated solution such as the PETS and PTS is in a strong position to withstand competition and regulatory changes. Board of Directors Walter K Goldsmith FCA Chairman Mr. Goldsmith joined the board of the Company in November 2006 as Chairman. He is a Chartered Accountant and has extensive experience as a director and Chairman of companies, both public and private, and currently serves on the board of a number of companies in industries as diverse as banking, motor and leisure and property. From 1979-1984 he was Director General of the Institute of Directors. He is a published author notably of "The Winning Streak" series of books on management. C. Austin Burrell BS Non-Executive Director Mr. Burrell joined Private Trading Systems, Inc. in December 2004 as Chairman of the Board, President, Chief Executive Officer, Corporate Secretary, and Treasurer. He is now a consultant to the Company on marketing exchange facilities to US companies. Prior to joining the Company, Mr. Burrell worked as a consultant for Quantum Matrix, Inc. from July 2000 to December 2004. From December 1999 to July 2000, he served as President, Chief Operating Officer, and a director of What's For Free Technologies, Inc. Mr. Burrell also serves as a director of Windergy, Inc. Lindsay M. Smith BA ACA Chief Executive Officer and Director Mr. Smith was appointed Chief Financial Officer and a Director of Private Trading Systems Inc. in November 2005. He joined PTML in May 2005 as Chief Executive Officer and also serves on the board of directors of PTML. Mr. Smith is a U.K. qualified Chartered Accountant. From July 2004 to March 2005, he served as a director of Caplay Plc, a U.K. listed company. Prior to that, Mr. Smith had been a director of a number of venture capital start up and recovery companies having previously spent 11 years with Henry Ansbacher & Co Limited, merchant bankers, both in the U.K. and the U.S. Mr. Smith is also a non-executive director of DeMatco Inc. and Globalink International Plc. Robert J. Stevens Non-Executive Director Mr. Stevens has been a Director since November 2005. He has served on the board of directors of PTML since 2003. Prior to joining PTML as a director, he co-founded Betting Markets Ltd. in 2000. Mr. Stevens also serves on the boards of directors of Griffin Investments Ltd. and DeMatco Inc. Past and Present Directorships Appendix 1 Director Current Directorships Lindsay Smith Purewater Holdings Plc Globalink Plc DeMatco Inc PVTD PTML C. Austin Burrell PVTD Robert Stevens PTML Griffin Leisure Ltd Griffin Holdings U.K Ltd Griffin Bloodstock Ltd DeMatco Inc. DeMatco Ltd Walter Goldsmith Asite Plc British Food and Farming Ltd NRC Group Plc Beagle Holdings Ltd Bank Leumi (UK) Plc The Fitness Connexion (Hartlepool) Ltd Visonic Ltd KBH Transport Media Ltd Jewish Music Institute Estates and Management Ltd Songs of Freedom Ltd Elmerin Ltd Mercury Group Plc Director Previous Directorships Lindsay Smith Pureflo Ltd Roof Revivers Ltd Strat-tel.com Ltd Caplay Plc Kingston Capital Partners Ltd Movies on the Move Ltd Baden Associates Ltd Baden Consultants Ltd C Austin Burrell Vocal Communications, Inc Windergy, Inc Robert Stevens Consortium Investments Ltd Walter Goldsmith Jumbo International Plc Guiton Group Ltd Royal Stafford Tableware Ltd Procurecard Ltd Union Group Ltd SCS Upholstery Plc Fitness First Plc Key Developers Terence P. Ramsden The PETS System was originally devised by Mr. Ramsden and until 23 May 2005 he was a director of PTML Mr. Ramsden pleaded guilty to offences of dishonesty relating to a failure to disclose assets to his trustee in an individual bankruptcy. The offences, which did not involve shares or securities in any company public or private, were committed between April 1992 and December 1993 and Mr. Ramsden was sentenced on 6 May 1998. The conviction and prison sentence will be over ten years old on 6 May 2008 and Mr. Ramsden will therefore be subject to the Rehabilitation of Offenders Act 1974. Mr. Ramsden owns a 9.4% shareholding in the Company. His suitability to be a controlling shareholder of listed companies in the United States had been subject to review by the Securities and Exchange Commission and no objections were raised to this nor to his being in control of that company's European operations. Mr. Ramsden holds no controlling influence over the Company which is run independently of him. Risk Factors A new system 1. The PETS System has not yet been commercially tested in the market, and as the Company expands the system will have to cope with increasing numbers of transactions while servicing customers. In order to minimize this risk PTML are refining the system and running tests to ensure the system remains sufficiently robust to handle such expansion. Regulatory Approval in Jurisdictions 2. The area of business in which PTML operates is highly regulated and requires regulatory approval in each of the jurisdictions in which it operates. It is possible that the Company will not be able to obtain regulatory approval in a timely manner or at all in certain jurisdictions where it intends to operate. In order to counter this risk PTML is working to ensure that the PETS System and the internal control systems operated within it are of the highest standards demanded by the regulators. Changes in Legislation 3. Changes in legislation may require changes to the PETS System which the Company may not be able to accomplish in a short period of time or at all, which would damage the Company. In order to ensure that this risk is reduced PTML constantly reviews the legislation being introduced or proposed which may impact our business and adjust plans accordingly. Competition 4. Although the Directors consider that direct competition is limited, they anticipate that as the PETS System becomes more widely known, there may be competitive pressure from large and entrenched companies that are vendors of trading systems or order book matching systems. Many of theses companies have greater financial resources and may attempt to hinder the implementation and expansion of the PETS System in order to protect their market share. Read Full Thread Reply
Posted at 23/1/2007 16:51 by bbd2 January 16, 2007 08:00 AM Eastern Time Advanced Media Training, Inc. Announces Developments in Its Recently Acquired Subsidiary DeMatco, Inc. ENCINO, Calif.--(BUSINESS WIRE)--Advanced Media Training, Inc. (OTCBB:AMTN), announced that its wholly owned subsidiary DeMatco has commenced work on the first stage of its contract with Admiral Asset Group Inc. for the conversion into electronic form of beneficial trusts owning Senior Life Settlement Policies which can be traded on an electronic Exchange. The total face value of the policies included in this first stage is one hundred million dollars, and DeMatco's management expects to earn significant net fees from this transaction, which will accrue during the first quarter of 2007. The Company expects there to be a continuing flow of business from this particular contract and is in the process of negotiating further contracts involving Senior Life Settlements, and will report on these as they develop. Additionally, DeMatco has entered into arrangements with a Financial Services Association regulated Insurance Company in the UK for the marketing of the policies to institutional investors. It is expected that the marketing of the first group of policies will commence in the first quarter of 2007, and will lead to a number of subsequent groups of policies being made available for marketing during calendar 2007. Read Full Thread Reply
Posted at 04/10/2006 12:26 by dell314 bjl - thanks. That would suggest that CLY's PVTM holding is now worth very little, as I can't imagine its remotely tradeable in volume, unless they can flog it to a boiler room operation, IMHO. bbd2 - The point of me posting that (relatively old article) was re this bit: ....... few weeks ago, I learned that shares of one such company, Private Trading Systems Inc. of Scottsdale, Ariz. (Pink sheets: PVTM), were being offered to European investors by an apparently fictitious brokerage calling itself Anglo Swiss Consulting (fictitious in the sense that it is not registered with any nations regulatory agency and that its Internet site is something of a Potemkin storefront.)..... All IMHO, DYOR etc. Rgds dell Read Full Thread Reply
Posted at 04/10/2006 11:08 by dell314 bbd2 - I was searching for more info on your story and found the following piece on a blog page, that might be of interest as there is the suggestion that PVTM has been inflated by boiler room activities: Re: Stockgate Report: Investrend Article on Targeting of DTCC by NASAA members for Subpoenas By taking_action on 2/16/2006 5:28 PM Naked Shorting - The Real Bad Guys__MR Burrell, comments please? thank you Posted Feb 15, 2006, 12:49 PM ET I got a very interesting email a few minutes ago. I cant say I have fact checked it exhaustively. I havent. Im sure the Naked Shorting Sithmeisters will weigh in with their comments about any perceived or real inaccuracies. Facts can never get in the way of a war, so every side and every word will be spun by all those with something at stake. Personally, the only thing I have at stake is the ongoing entertainment value of all of this. My 20k shares short of Overstock will continue to do just fine. ( Patrick Byrne, if you want to lend me any of the shares you own and have taken possession of, I would be happy to borrow them and short them). But I digress. Here is the information I received. You can do your own research before coming to any conlusions. Im sure the comments to this blogpost will be very, very interesting. Ive been following your blog and have been particularly amused by your postings about Patrick Byrne, Overstock.com and the mysterious people behind the anti-naked shorting movement. Ive spent quite a bitof time tracking a vast network of corrupt executives, financiers and brokers who route discounted shares of obscure U.S. companies overseas through sham private placements and venture capital deals and then resell them to foreign investors at marked up prices, through unlicensed securities boiler rooms A few weeks ago, I learned that shares of one such company, Private Trading Systems Inc. of Scottsdale, Ariz. (Pink sheets: PVTM), were being offered to European investors by an apparently fictitious brokerage calling itself Anglo Swiss Consulting (fictitious in the sense that it is not registered with any nations regulatory agency and that its Internet site is something of a Potemkin storefront.) When I looked into Private Trading Systems, I noted that its chairman, chief executive, treasurer and corporate secretary is none other than C. Austin Bud Burrell, whose dire warnings about naked shorting have been featured at NCANS.net, on the Bob OBrien blog and similar Internet sites. Burrell also has been a litigation consultant for John OQuinn, the Texas lawyer representing Overstock.com in its suit against Rocker Partners, Gradient Analytics and other defendants who allegedly undermined the companys stock through nefarious shorting activities. Its worth noting that shares of Endovasc Inc., another company that is part of the anti-naked shorting coalition, also were sold by a foreign boiler room known as Bellador Advisory Services. Theres another interesting aspect to Private Trading Systems. According to the Form 10-12 that Private Trading filed earlier this month with the SEC, its biggest shareholder, with a 43.2 percent equity stake, is T.P. Ramsden. The filing said Ramsden controlled the rights to the technology behind the trading system that the company is developing to allow institutional investors to privately trade securities, instruments, or any financial asset that is capable of being converted to electronic form. What Private Trading Systems SEC filing did not say is that T.P. Ramsden is Terry Ramsden, once a highflying British bond trader, who pleaded guilty to investment fraud in the 1990s and later was convicted of bankruptcy fraud. He was sentenced to 21 months in prison, and served 10. Ramsden is making a comeback of sorts, and has raised eyebrows in British investment circles by taking positions in several small public companies whose shares have moved upward after his arrival (Hansard Group is one example). I offer this tale as yet another example of the kinds of activities that members of the anti-naked shorting coalition have been engaging in, while claiming that it is their detractors who are involved in dishonest undertakings. Feel free to use this information as the basis for a new blog post Obviously, it's just a blog but hopefully of some interest. Rgds dell All IMHO, DYOR etc. Read Full Thread Reply
Posted at 17/5/2006 10:27 by tiredoldbroker Why shouldn't I (not that I've ever claimed "extreme knowledge") ? It's not as if I'm here every day, blocking the board up, and as nobody else had looked at the "credentials" of PVTM's directors, why shouldn't I, and then post my findings ? Does posting factual information worry anyone ? Are you saying that only those who have bought, or intend to buy shares in a company should be allowed to publicly express their opinion ? I have been around the market for a long time, either as a stockbroker looking after private investors or simply as an investor for my own benefit. I have learned things as I went along, partly from listening to those with more experience than I had at the time. What I often see on these boards is naive or inexperienced investors who don't understand even the most basic facts and then, when things go wrong for them, they blame everybody but themselves. So I'm encouraging people to dig, to read, to think. What harm can that do ? Read Full Thread Reply

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