Merchant House Share Discussion Threads

[zitec] 30/11/2012 10:53

I added up a few holdings last night and reckon a good 40% of this company is held by directors, associates, friends which includes convertible loans, warrants etc. That comes to just under £1m so you can certainly see why they want this listed somewhere, plus they keep hold of their jobs!

Also an interesting RNS last week regarding Caplain Capital which was recently launched. This company/group has MHG names involved in it but not sure yet what if any holding MHG have. Perhaps they are planning a rebrand/rename on the new listing maybe??

[zitec] 30/11/2012 10:40

Although it can hurt both your financial and mental state being strung along that a listing is imminent blah, blah, blah.

This could have some legs, check out the link below. Csurgo is a fellow director of Holmes in City Odds Capital that are involved with MHG and Wheatley is now a director of MHG. So there is certainly some knowledge of GXG and Frankfurt markets amongst this lot.

[ezlington] 30/11/2012 09:42

It's bad enough what has happened to this company but also I am in stage 4 of terminal lung cancer, (Take note all you smokers!). so I will not be able to keep an eye out for a miracle. As I understand it these shares cannot be sold, so my estate will be permanently stuck with them and the most likely outcome I can see is that my beneficiaries will loose touch with the residual company and the holding until it disappears. Even if there is some unlikely resurrection (MHG rather than me) I will not be contactable and cannot transfer them to anyone else. Anyone got any thoughts on this ?
(Atrocity Exhibition need not reply).

Cheers,

[morro] 30/11/2012 08:09

All you have to do is look at Holmes track record to see the words that come out of his mouth have no credibility. Time he was barred from being a director.

[andy] 30/11/2012 07:17

edjodav
29 Nov'12 - 12:47 - 2905 of 2917 0 0

I have today spoken to Mr Holmes who informs me that all is not lost here!
before cancellation from aim we had funding agreed going forward of £1 million pound from a pension fund signed sealed and delivered! the intention is to get a listing on gxg markets then they expect to join the frankfurt exchange early january.

---------

That will be the Frankfurt Open Market I presume!

Not an exchange i would like to hold a share on, and liquidity will be an issue, but it MAY offer a route to sell into, but it will require liquidity, which may not be shortcoming, a common criticism of that exchange where the listing requirements seem to be can you pay the modest fee?

[dudishes] 30/11/2012 07:00

Carry on riding the waves!

[loverat] 30/11/2012 06:04

Thanks Dudishes but no need for concern. I have managed to do well with the remaining 97% of my portfolio so the loss here is not material. Just disappointing.

I do have a core holding consisting of CZA (coal) and one or two bombed out oil stocks which hold cash. I go for bombed out cases (this was one) and ride the waves and usually exit well before trouble. CPP, NVTA and HHR are several I have made good returns on. This was just unfortunate timing. Being reinstated from the previous suspension gave a false sense of security and short term hope.

[dudishes] 30/11/2012 05:42

Monkey Puzzle walking over everbody that quizzed this futile/possibly criminal structure,in the past. Loverat, you must restructure your investment strategy. I feel for you, I really do. If it's going down, get out! Cut your loses and move on.

Pretty disgusted at the ramping of this and many other AIM no hopers. Doubt laws will privide due to free speech.

GL with others. BTW, do you have any winners?

cheers

[mike111d] 29/11/2012 18:26

The bar is set somewhat lower on GXG and will be a measure of last resort for the company, the issue IMO is that even there potential investors will not take them seriously all things considered. So it will come down to if they can raise further funds from connected parties to get such a listing off the ground, in the hope that they could then get their money back further down the line via yet more spin such as the prospect of dividends to be paid etc.

On the one hand I hope that they can pull it off for TR and others but on the other feel that new investors need to be protected from history being allowed to repeat itself.

[abadan2] 29/11/2012 16:01

Edjodav

It is impossible to believe that, after waiting so long, the AIM team decided to cancel the listing when the commitment of £1m of new funds was "signed and sealed", unless of course the Company needed a lot more than £1m to get its quote back i.e. demonstrating that it has sufficient funds to meet its working capital requirements for the next 18 months. I suspect that they may have the same hurdle with gxg, while Frankfurt is totally unregulated. At this stage, it is dificult to see who would want to buy the shares whatever the market they were on given all the recent events.

[the ross] 29/11/2012 14:41

Thanks Edjo.. Had all ready prepared for different scenarios ... Appreciate the effort.

[mike111d] 29/11/2012 14:16

It would have most likely been an 0771 number.

[lufc5] 29/11/2012 14:01

I seem to remember a few on here have tried to gain info from phoning up and not got past the tea lady.....
Was the bat phone used to contact Mr Holmes?
;o)

[zitec] 29/11/2012 13:56

Zitec
27 Nov'12 - 21:42 - 2891 of 2907
"The best thing they can do for shareholders in the next few weeks is to make a firm decision on whether to liquidate MHG or get a firm listing on a market somewhere. No "jam tommorow" for the next two years like you see at the likes of ERX."

Looks like they have started early on the "jam tommorow"

[officerdigby] 29/11/2012 13:39

Thanks Edjo.
gxg is a laugh from what I have seen e.g in the case of USOP!

p.s. did he meantion the divi?

[monkey puzzle] 29/11/2012 12:50

edjodav,

Thanks for making the effort and more importantly sharing your feedback with us.

There may be hope for us yet.....

[edjodav] 29/11/2012 12:47

I have today spoken to Mr Holmes who informs me that all is not lost here!
before cancellation from aim we had funding agreed going forward of £1 million pound from a pension fund signed sealed and delivered! the intention is to get a listing on gxg markets then they expect to join the frankfurt exchange early january. he assures me that shareholder value will be realised in the not to distant future !!!!! make of that what you will

[zitec] 28/11/2012 14:20

Enlighten us Mike

[mike111d] 28/11/2012 13:30

Perhaps the nomad(s) have something to answer for, stop and think about it.

[the ross] 28/11/2012 10:46

Cheers George.. look after it. R

[george57] 28/11/2012 10:42

Sorry to read the two bits of news last night and this morning lads, utterly scandalous state of affairs, and this is just a typical example of what is wrong with AIM and why some just wont invest on this market.

Should this company not come back, there should be an investigation into the whole mess, i still remember the "dividends" RNS.

Regards

[the ross] 28/11/2012 10:35

I'm here.. its not dead. Plenty have come back it just depends in what guise. Nothing to say really. Had the same with some other companies when they cancelled and then came back.

I agree with Z.. they're have been attempts to stay on AIM.

Do/Did/might still have a lot of these.. if nothing returns thats me finished as others aren't doing well either. Rosso