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GAI Galileo Inn.

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Galileo Inn. LSE:GAI London Ordinary Share GB0031286759 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Galileo Inn. (GAI) Latest News

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Galileo Inn. (GAI) Discussions and Chat

Galileo Inn. Forums and Chat

Date Time Title Posts
30/4/200709:48FLURRY AT GALILIEO & REALLY AWFUL76
28/7/200618:41Galileo Innovation - Interview With Mark Warburton69
28/7/200617:38GAI GO BUST20
28/7/200616:14FURY AT GALILIEO261
12/8/200317:29FLURRY AT GALILEO & A REAL BARGAIN1,939

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Galileo Inn. (GAI) Top Chat Posts

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Posted at 30/4/2007 09:48 by inv3ntor
Lord Satafe and Topvest, do either of you have a prospectus stating how your money was to be spent? do either of you have any documents showing that GAI had an investment in Sense-Sonic Ltd. I have found £1,450,000 which Addleshaw Booth & Co. helped on its way out of the system. It is quite possible that some GAI shareholders got your cash on day one through a similar scam and the sought documents will help me trace any such cash withdrawals. I have a case going through (with more to follow) and intend (and fully expect)to nail a few individuals in the criminal and civil courts. Your money has not been traced because GAI's auditors pulled of a solvent liquidation using cash derived from a sham sale of third party assets (mine) (i.e. assets which GAI did not have the right to sell). Without the £425,000 from that sham sale, there would have been no solvent liquidation for GAI and an investigation would have followed into where your money had gone.

Warburton stated in a linked thread that he could account for every GAI penny (I will chase him for that account in due course). He also states that there were no loans to directors. However, another thread states that Sense-Sonic Ltd bought Leaf Techologies Ltd's assets for £1.09M from Stephen Conn (administrator friend of Davidson and Warburton) - not so - Conn sold Leaf's assets to Davidson for £640,000 (the money came from GAI and may never have been paid back)and Davidson sold them on to SSL for £1.09M.

When Sense-Sonic Ltd was put into Administration on 30-07-03 with...Stephen Conn.. there was no mention of the shareholding which GAI had elsewhere claimed to have in SSL. Furthermore, Warburton had been trying to sell - and was entertaining offers for - Sense-Sonic Group plc (not Sense-Sonic Ltd), claiming, that it owned my hearing aid invention.

It is possible that you received or were directed to falsified reports (like those in the threads) in order to keep you at bay whilst Warburton engineered a solvent liquidation. Any help in finding a prospectus or any further evidence that GAI had acquired shares in SSL or SSGplc would be very much appreciated.
Posted at 04/2/2006 23:29 by heidigynne
grrrrrrr.,

yup, I still have GAI on my watchlist [an empty row of course] as a reminder.

Tis so easy on AIM, to 'bow out';
Simply;
Don't present accounts,
Get suspended,
Limbo for years.
Wonder how Lord Lamont feels about all this?

H
Posted at 04/2/2006 22:53 by chopsy
Just checked on the latest "shares of negligible value" list on the IR website. Guess what, GAI isn't on it.

How do I crystallise a loss here for CGT purposes? Can I sell them to my dog for 0.0001p each?
Posted at 22/6/2005 08:35 by one for the money
It was nice knowing you guys - see you on other threads.

Signing off GAI...
Cheers
john
Posted at 09/3/2005 13:04 by furiousgeorge
Plumber's house up for sale at £1.6m

Jill Treanor and Simon Bowers
Monday February 14, 2005
The Guardian

The "magnificent" manor which is home to Paul Davidson, the bankrupt entrepreneur known as the Plumber, has been put on the market with a price tag of £1.6m.
The property is described by estate agents Holmes Naden, as occupying a "prestigious" location in Cheshire.

The six-bedroom house has been put up for sale because of a court order granted to law firm Norton Rose which is owed more than £800,000 by Mr Davidson. His business affairs and personal dealings are being investigated by accountants PKF who were appointed trustees in bankruptcy by trade and industry secretary Patricia Hewitt on December 23.

His debts have been estimated at more than £20m and while the full list of creditors is yet to be revealed it is thought to include Oystertec, the pipe-fitting company he founded, Manchester law firm Wacks Caller and the Inland Revenue. He first became known in the City after a spread bet was placed during the flotation of Cyprotex, another of the companies he has been involved with.

The Financial Services Authority has levied a £750,000 fine on Mr Davidson although he is challenging the decision. The tribunal hearing his case was halted, however, after the head of the FSA's regulatory decisions committee had a late night encounter with a member of the panel. Christopher FitzGerald, the head of the regulatory committee, resigned. A date is yet to be announced for a fresh hearing.

Mr Davidson was declared bankrupt after Berg & Co, lawyers representing Oystertec, and Wacks Caller, petitioned for bankruptcy.
Posted at 08/10/2004 09:14 by hugepants
So what aroe you expecting back?

0.1p per share? Or anything?
Posted at 10/6/2004 13:17 by jubjee
Gamblers defy FSA over £1.2m fines
Date entered: 30/05/2003
Source:

3 of the City's most famous spread-betting gamblers plan to defy the Financial Services Authority (FSA) over a series of fines totalling £1.2m.


Paul 'The Plumber' Davidson, former broker Nigel 'The Spaniard' Howe and Ashley Tatham, who works for spread betting company City Index, face fines of £750,000, £350,000 and £100,000 respectively.


Davidson was a majority shareholder in Cyprotex, a software company that floated on the Alternative Investment Market (AIM) in February last year.


A bet made with City Index could have netted Davidson £175,000 for every 1p rise in its share price.


Davidson said that he would 'never, ever' pay the fine. 'The FSA has ruined my reputation, taking more than a year to investigate this.'


The three men have 28 days in which to appeal against the fine.
Posted at 17/5/2004 07:42 by cappagh
mrk
No hard fealings, I hope, from some of our exchanges.
None from me.
Good luck with future ventures.
This bit is not ment as a knock
but if pleased that you have accepted
that GAI was a dud.
I'm into mxc at the moment and hoping
that it does not go the same way. After
the GAI experience my eyes are open wider.
Once again, Good luck to you and to other
ex-gai holders.
Posted at 08/5/2004 14:16 by cappagh
Heard from Barclays about the meeting
and the offer to go. Lost ennough without
spending good money going to a pointless
meeting. IMHO Fload them with E-mails,
phone calls,letters or anything to get their
backs up and to show them how much they
let us down and wasted our money.

ps
What has happened to the companies GAI
invested in?
If the Co, gai was going to float are still going,
have we still got an interest in them?
Posted at 29/3/2003 00:40 by hugepants
why worry? well how about the share price? In your previous post you said

"The company has assets in other viable and profit making companies"

Im going to take a wild stab in the dark here and suggest this is a complete falsehood. More likely the investee companies are loss making, in dire need of cash to continue trading, and heading straight down the toilet. The current GAI share price would suggest this is true.

And why are you suggesting the company is worth 3p when the directors are considering a 1.25p offer. You are losing the plot m8.
Galileo Inn. share price data is direct from the London Stock Exchange

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