Matisse Share Discussion Threads

[sambuca] 10/5/2004 09:18

aim man
check back to my posting 103

tread carefully

Sam

[aim man] 07/5/2004 16:47

Good to here from you Rescuer,VTB I think we both have this won spot on,I agree with you about Evo,one of the reasons why Osmetech a couple of years ago was walked down from 25p or higher than all the way to 5p and then lone behold a placing at 2p where they must have made untold money.Only time will tell about Matisse,off to Cheltenham now will be in touch next week.

[rescuer] 07/5/2004 16:41

aim >> concure with VTB, looks well placed for a good long term rise,

my call on MAT is quite simple, anything thats got EVO's, Peter Abbey and Chiddingfolds involved, is a recipe for disaster.

As always DYOR

[aim man] 07/5/2004 16:38

up 53% today this is only go higher,Dusseldorf you can only take out the rights issue if you were invested back in February,why are the institutions still holding this stock,also VTB results in MAY WILL BE GOOD,also 4.5 million shares were traded in this company only yestersday,check there website out and check out the links to all the high profile clients,and you will see that this company has prolific potential.As for the 1p placing in Matisse this is only to raise more funds for the reverse takeover on no account in my opinion will the price hit anywhere near 1p,you only have to look at the rise today,be lucky with your investments whatever you decide to do.

[dusseldorf] 07/5/2004 10:57

Suicide to invest. This is simply a ramp to encourage people to take up the rights issue at 1p per share. Avoid . Again please see RSV thread for same story.

[rescuer] 07/5/2004 08:53

aim >>> sure knowone is deramping to benefit, but you need to check out the company, it's financiers, it's board and it's brokers, it's been done before, they are scammers, they've been highlighted on a few occasions in Private Eye, for the manor in which they run there businesses and the FSA have been informed on a number of occasions, but the FSA are as crooked as a bent walking stick, so just be careful before you jump in.

[aim man] 06/5/2004 22:07

Dusseldorf a guy from berkley wyatt tipped these to me,they are also advising vtb which looks very promising,they have had a placing at 1p before but the price never reached these levels,lets remember the institutions still hold and someone bought 35k at 5p today,my broker still thinks this will be taken out in double figures,I have my sceptism and only time will tell.The 1p referring to MAT.

[dusseldorf] 06/5/2004 11:37

There is nothing more certain than the fact that this is heading to 1p. If I could short it, I would bank the value of my house on it right now.

If anyone is in any doubt that this will not reach 1p, check out the RSV/AZH threads, exactly the same has occured there.

[agincourt] 05/5/2004 20:24

Tell the FSA now - not when they have done it.

[rescuer] 04/5/2004 16:19

just looked in on what i believe is another "scam", would advise all holders to check out the RSV thread, seems as if they same team that scammed RSV are about to do it again, thought EVO's would have learnt there lesson, but seems not, oh well, i'm sure some of you'll eventualy contact the FSA, but by then it'll be too late. btw >> the FSA will sweep it under the carpet, they are as corrupt as them all.

dont hold and never will, not when it's Peter Abbey, Chiddingfolds and EVO's, the scam continues.

[vision88] 04/5/2004 15:51

another 25% drop in price is there more to drop? is looking interesting , but has a lot of ifs and buts to it , looks cheap ? thats all caution with these

[linslader] 26/4/2004 17:48

me too, I think this may have something to do with the rumoured offer by Chiddingfold to shareholders.

[pricemilne5] 26/4/2004 15:09

well it looks like my scepticism was right................this all looks very dodgy to me!

[pricemilne5] 23/4/2004 13:29

I have also had a recommendation from a company called Berkerley Wyatt????, telling me that this share has risen considerably on rumours of a reverse take-over. I know nothing about this company. They tell me it's a cash shell for companies to simply purchase.
Always sceptical of such offers, furthermore they were very keen for me to make the purchase through their broker instead of mine....telling me that the trade would cost £25, when i suggested that it was expensive and that i normally trade for £9.95, they claimed that the additional costs would cover the free advice........................my take is you get nothing for free!
Anyone care to comment, please do so. In the meantime i will watch to so if this huge rise comes to fruition, if it does well i may do some further research!

[aim man] 22/4/2004 22:51

My Broker told me to buy these today and thought that something was going to happen very shortly,make of this what you will.

[sambuca] 13/4/2004 22:57

I got a similar phone call the other day and this is what ive managed to find from the FSA wbsite.
Its a bit long but it could save you alot of trouble

Share scams

The Catch

Sounds obvious but if a stranger rings you out of the blue and tries to sell you shares in companies you've probably never even heard of - TAKE CARE! They may be part of a financial scam using hard-sell tactics to persuade you to buy shares. If they end up persuading you to buy, they'll be the ones laughing all the way to the bank. And you may be left with potentially worthless shares and no rights to complain or claim compensation from the UK schemes.

But surely financial scams would be closed down immediately by the regulator? Well, yes they would if we found they were operating from within the UK. Firms selling shares have to apply for a licence and abide by rules designed for your protection, otherwise they're not operating lawfully. BUT WATCH OUT! These rules are not identical abroad. Financial scams based overseas are able to communicate with anyone anywhere in the world and could be targeting UK investors.

The first time you hear from such firms could be by post or e-mail, or they might advertise their services over the internet. They may offer you a free research report into a company in which you hold shares, or a free gift or a discount on their dealing charges.

The scenario may follow this pattern. You'll probably be an investor in smaller companies (often called penny shares). Therefore, your name will have appeared on the share register of the company you've invested in - which anyone can get hold of. Then surprise surprise, you'll receive a mailshot making you a great free offer. Sign on the dotted line and you'll receive a free, independent research report outlining future prospects for the company.

"Nothing to lose" you think. "And it's free". So you sign on the dotted line and send your response in the freepost envelope - but don't worry, it must be OK because its got a UK address and so if anything goes wrong, you'll be able to complain.

What you haven't realised is:
By signing on the dotted line, you have probably agreed to be contacted by the firm in the future. This was probably written in the small print of the mailshot.


The UK freepost address on the return envelope may simply be a forwarding address to an overseas address.

What happens next?

You'll start to get flooded with calls offering you a great deal on shares, often in smaller companies you may not have heard of or possibly other investments such as futures, options or foreign exchange. The firm's salesforce will probably sweeten, cajole, flatter, bully and even sometimes threaten you to take up their offer. Don't forget, they probably make a commission on every sale. After buying the shares, you may have difficulty in getting the shares or their certificates. And when you try to sell them, you won't know if the price is fair - or you could find the price is inexplicably lower. If you do manage to persuade the firm to sell your shares for you, you may have difficulty getting the proceeds from the sale or be put under a lot of pressure to buy other shares with the money.

Companies based outside the UK and which are not authorised persons are allowed to advertise their services in the UK, but only if their publicity is approved by an FSA-authorised firm or an exemption applies which allows them to advertise their services without such approval. In the UK, firms are generally not allowed to 'cold-call' potential customers to sell them financial services. If, however, you initiate contact with the firm, a follow-up phone call does not count as a cold call.

How to protect yourself


Always check whether the company is authorised in the UK. Ring the FSA Consumer Helpline 0845 606 1234 (calls charged at local rates) to find out or look at the online FSA Firm Check Service. If it isn't, take care. You probably won't have the right to complain or seek a penny in compensation from the UK regulatory system if things go wrong.


The FSA has published a warning about firms that it is aware of that operate this way.
List of unauthorised firms
However, be aware that this type of firm is likely to change its name frequently so if it does not appear on these lists do not assume it is genuine.

If the company is not authorised in the UK, then look carefully to see where the company is registered. Try and check whether the company is in fact regulated in its home country. If it is, try to find out as much as possible about how regulation, ombudsmen and compensation works there.


Financial firms authorised in a country in the European Economic Area (EEA) can offer certain products or services in any other EEA country if they have a 'passport' that entitles them to do so. Such firms will be regulated in their home country and meet standards which have been agreed across all EEA countries. However, if the firm becomes insolvent and you have a claim for compensation, you will need to deal with the relevant authorities overseas.


Read the small print. If you had, you would probably find that you had expressly agreed to receive calls from the company. And even if you think you're immune from such high-pressured selling tactics, you'd be surprised at just how many people give in - simply to get rid of the caller.


If you do decide to go ahead and buy the shares, at least try to check the current price in the financial press or with a broker. These firms may be acting as bucket shops, buying in shares from other brokers. If they do so, you may not pay the market price for the share. Even though they will be trying to get you to make a decision quickly, still try to find time to do your own research before buying - look on the company's website if they have one, get hold of the annual report and read the financial press.


If you decide to go ahead, be aware that it may be difficult to get evidence or confirmation of what shares you hold from the firm - and it may be even more difficult to sell them when you want to.


IF IT SOUNDS TOO GOOD TO BE TRUE, IT PROBABLY IS!


What can happen

In one recent case, a consumer received a "cold" call from a company he had not previously had anything to do with and was persuaded to buy shares in another company. Later on he received some paperwork in the post, including a 'stock purchase agreement'. This mentioned two other companies and claimed that one of these companies was FSA-authorised. When he checked with the FSA, he discovered that the company was not authorised and that the FSA Register number was false. He told the FSA what had happened and FSA enquiries revealed that the investment was entirely bogus and that the address was false. This particular individual was saved from losing a very substantial sum of money.

Always check whether the company is authorised in the UK. Look at the online FSA Firm Check Service to find out or ring the FSA Consumer Helpline 0845 606 1234 (calls charged at local rates). If it isn't, take care. You probably won't have the right to complain or seek a penny in compensation from the UK regulatory system if things go wrong.

Sam

[gerrystewart] 07/4/2004 11:56

Slaterlp,

had exactly the same 'phone call about 5 mins ago! Very suspicios and may even contact the FSA about it.

[slaterlp] 03/4/2004 12:39

Anyone interested in the share should read the following regarding Matisse.

I am only writing what I have been told, and not what I know to be true.

I received a telephone call 31/3/04 from a company based in the canaries. I had previously received a company report on Chorion from them. They told me that they did research and advised their clients on the results of that research about investment opportunities. I'm sure you have all heard this before.

The told me that this company (MAT) is a cash shell.
That 90% of the shares are held by institutional investors.
That a reverse takeover is in the offing and the share will go through the roof.

I was invited to purchase 140000 shares thru a broker they recommended.

I declined and said that I would watch the stock instead for a month or so to see if they are genuine.

I did a search and came up with this BB entry and have read the contents.

I am very suspicious that the advice I was given is a massive scam, and would welcome any opinions.

I certainly wont be buying any of the shares, but will be watching closely to see what happens.

[responsible lad] 24/3/2004 13:48

5m buy trade at 5p, so this share is not going to be taken over at 1p, very interesting. Anyone who buys now I suppose is taking a justified punt which would be as good as playing blackjack at the casino. Not better, and thats why I arnt buying.

[responsible lad] 11/3/2004 15:43

someone just bought 60K worth, so I bought the ones I cut my losses on today back again.

[wole] 11/3/2004 13:50

LONDON (AFX) - Chiddingfold Investments Ltd said it made a mandatory offer for Matisse Holdings PLC, formerly Prestige Publishing PLC.

Chiddingfold made a cash offer of 1 pence per Matisse share, which values Matisse at about 473,751 stg and the shares not already held by Chiddingfold and its associates at 13,834.50 stg.

Matisse is recommending its shareholders do not accept the offer.

The offer is about 94.7 pct below Matisse's closing price on Jan 21, the

last business day prior to the suspension of trading in Matisse shares on AIM.

Earlier today, Matisse said it had issued tranches of new shares to various parties in order to raise funds, repay debt and provide capital to investigate potential acquisitions. The company said it expects its shares to resume trading on AIM on Feb 16.

It said it placed 22.29 mln shrs to Chiddingfold at 1p per share, in order to repay debt owed, and 20.2 mln new shares at 1p per share to Chiddingfold, its associates andother investors, (Investor Group) to raise 202,000 stg before expenses for the company.

As a result of the placing and the debt conversion, the Investor Group held 44.49 mln new ordinary shares representing 93.91 pct of the issued ordinary share capital of Matisse.

In addition, Libra Investments Ltd has been issued 2 mln shares at 1 pence per share, in settlement of fees payable by Matisse to Libra.

The sole director and shareholder of Chiddingfold and Libra is Peter Abbey.

Matisse has also issued 500,000 new shares at 1p per share, in satisfaction of an invoice rendered to the company by a provider of services and 500,000 new shares at 1p per share to both Nicolas Greenstone and Ray Harris, in satisfaction of consultancyfees.

The company has also offered existing shareholders the opportunity to participate in the overall refinancing of the company at the same price as the placing and the debt conversion.

Accordingly, shareholders will be invited to subscribe for new shares by way of an open offer of 13,834,500 new ordinary shares on the basis of ten new shares for each existing share held at a price of 1p per new ordinary share. The open offer will not be underwritten.

Matisse has no trading business, no assets of any consequence and owed its creditors about 338,900 stg, of which about 272,900 stg is owed to Chiddingfold, before it issued tranches of new shares today.

[wole] 11/3/2004 13:48

RL - don't be fooled by ADVFN's figures. There's nearly 47mln shares as opposed to less than 2mln reported by ADVFN. Matisse hasn't got anything! Nada! And it owes Chiddingfold (93% shareholder) almost £300K.

[responsible lad] 11/3/2004 13:43

I will leave this one till another day to get the ball rolling and we see 12p and suspension again.

[responsible lad] 11/3/2004 13:09

once I tell the party this tiny tiddler of only a 80K market cap will be worth over 150K.