Matisse Share Discussion Threads

[rescuer] 03/6/2004 15:43

linslader >> i think the point is, it's the same scenario as RSV, the same directors, the same MM and the same company that hold the loan note. Whilst i wasn't invested in RSV now Azure Holdings, Dusseldorf and many others were involved, nor am i in this company, a similar scenario is taking shape.

As such, >> Abbey calls the note in, the loan note can't be covered, a deal is done on a D4E, A well known MM, will stay on the offer and sell over the share cap, the company will be suspended, the D4E will take place, diluting 90% of the current value, the shareholders will get shafted, the MM will make loads of dosh, as will the crook's who continue to work the AIM market this way.

all IMHO of course and this is a MUST, DYOR

[linslader] 03/6/2004 15:20

and your point is ?

[dusseldorf] 03/6/2004 14:57

Down to 1p soon.

[linslader] 30/5/2004 11:30

Any predictions for share price come Wednesday ?

[aim man] 27/5/2004 22:06

Why invest in it-this is a fantastic opportunity imho to buy at these levels -the placings will be taken up so that there will be enough cash for the reverse takeover,and if the institutions sell they will be shooting themselves in the foot,think about this everyone!

[ariesr] 26/5/2004 21:33

Hold on, isnt this just a cash shell?

Why invest in it, it hardly moves.

It discourages buying, and only when there's a rise at some random moment in the year, it quickly shuts its doors before anyone can risk trying to profit.

[aim man] 26/5/2004 21:08

Why has the ask gone up then to 7.25,people do not seem to understand this share just because they have a placing at 1p this does not mean the share has to retreat to 1p and remember over 90% of institutions hold all stock,anyway good luck to all holders,only time will tell what will happen.

[targatarga] 26/5/2004 08:03

This must be the best short in the market. regards

[agincourt] 25/5/2004 18:15

aim man


I don't have any of these I am happy to say.

[edgarssoni] 25/5/2004 18:13

"Expected timetable of principal events

Record Date Close of business on 11 February 2004

Latest time and date for splitting Application Forms to satisfy bona
fide market claims only 3.00 p.m. on 26 May 2004

Latest time and date for receipt of Application Forms and payment in
full 3.00 p.m. on 28 May 2004

Latest time and date for receipt of forms of proxy for the EGM 11.00 a.m. on 30 May 2004

Announcement of take-up under the Open Offer 1 June 2004

Extraordinary general meeting 11.00 a.m. on 1 June 2004

Dealings in the Offer Shares expected to commence on AIM 2 June 2004

Expected date for CREST accounts to be credited 2 June 2004

Definitive share certificates for the Offer Shares expected to be
despatched or CREST accounts amended, as applicable 9 June 2004"

[linslader] 25/5/2004 17:31

That's tomorrow then . However long term it isn't going to stay at 1p now is it ?.

[dusseldorf] 25/5/2004 13:25

aim man - sorry but this is going to 1p...just watch it start to tick down as soon as the final closing date for subscription to open offer has closed..

[aim man] 20/5/2004 20:53

Agincourt rest assured you will not get shafted,spoke to my broker today who informed me that within six months the company will have done a reverse takeover,could even be two to three months,this is on no account going to 1p,hopefully a price of around 15p or even more,but certainly double figures,obviously no guarantees ,but hey man relax.

[agincourt] 15/5/2004 23:11

Here we go again. LOL

What are the MAT shareholders doing about this?

Lying down waiting to be screwed no doubt.

[simonevans] 15/5/2004 08:39

Yes, interesting. Why is the share price at 6p when it effectively has no cash? It does all look very similar to Azure doesn't it!

[rescuer] 13/5/2004 15:21

just to add,

Private eye have commented twice now about Abbey and Co, after the fact. I've just spoke to the eye now and they are going to look into this company and i hope they cover it and expose it "before" any investor here get shafted.

[agincourt] 13/5/2004 13:56

JakNife

Where are you?

You will be needed soon to justify this.

[agincourt] 13/5/2004 13:54

Here is the scenario for Chiddingfold and Matisse

Chiddingfold own 94% of shares - 44.5m out of 47.38m

Loan from Chiddingfold for £50,000

Woops company can't pay it back.

Now today £50,000 can buy 833,333 shares at 6p

That won't do will it?

Drive share price down to 0.1p

Issue 100m shares to Chiddingfold in settlement of loan

Oops

Total Issued shares now 147.38m

Chiddingfold shares now 144.5m

That is 98%


Market capital £2.84m

6% of £2.84m is £170,400

Which cost Chiddingfold £50,000

Now where have we seen this before?

And all the same players.

I wonder how many times they have pulled this trick.

[dusseldorf] 13/5/2004 12:20

The reason this isn't bombing is because Chiddingfold own 94% of the shares in issue, As soon as the rights issue subscription has been agreed, they are going to flood the market and the price will bomb to 1p, garaunteed. Avoid.

[absolutely barmy] 12/5/2004 23:39

Matisse Holdings (AIM) Formerly Prestige Publishing

Matisse Holdings is currently a cash shell, with 93.94% of the equity owned by Chiddingfold Investments Limited. Recently Chiddingfold made an offer for Matisse Holdings, which was not recommended by the Independent Director of Matisse, Mr. Barry Gold. Under the terms of an agreement between the two companies Matisse reached agreement for an unsecured loan from Chiddingfold of £50,000. This loan is to be repaid to Chiddingfold by no later than 31/10/04. It is likely that Matisse will go to the market to raise enough equity to allow it to pay the loan back to Chiddingfold, and set about looking for a suitable business to acquire.