Merchant House Share Discussion Threads

[andy] 10/1/2013 09:23

I am in town today, what is the address?

[macsam] 10/1/2013 09:19

I believe that their offices are now empty

[daicaprice] 09/1/2013 23:07

Always try and take a positive L, not easy sometimes but good luck.

DC

[loverat] 09/1/2013 22:49

I guess most folks here have been concentrating on trying to make up their losses elsewhere. Some good opportunities at present. In hindsight when all the Craig Whyte stuff started I should have sold mine. Not that this was a massive concern on its own. However some of the directors behind this company have shown poor judgement in their assocations over many years and that should have alerted me it was time to sell.

One good thing. Learned alot here and lots of research. That's going to be put to good use. Good luck on the markets all.

[andy] 09/1/2013 21:50

JoJo,

I agree, always easier to lose other people's money rather than your own I would imagine!

Where is James Holmes I wonder?

[jojo_jo] 09/1/2013 20:04

Andy, haven't played monopoly for years!
Then again our money is like Monopoly Money to this bunch at MHG.

[edjodav] 09/1/2013 16:51

The police need to get involved here these lot are a bunch of crooks

[andy] 09/1/2013 16:03

Not looking good.

Has anyone visited Vine St. recently?

[jojo_jo] 05/1/2013 21:27

Beia will be livid if they've been blatantly taken for a ride. I expected their cash would be enough to see MHG through the first 6 months of 2013. If they haven't already, they need to get rid of all the workforce and re-group.
I imagine the IFA business is pretty much over for everyone now the rules have changed, so that must have been expected. Structured Products could continue, but they would have to find another client asset custodian. They may have to revert to other fall-back businesses. The recently introduced 'platform' could be their best bet, as I assume it's automated and therefore not labour intensive.
I don't know what the answer is, but they need to pick a couple of businesses they can still operate and run with them. They will need to grow the business again from small, and conserve what cash they have as long as it takes.
I don't think the the fat lady's got on stage quite yet.
IMPO/DYOR.
Jo

[loverat] 05/1/2013 11:13

I think this all adds up to the game being over here. If you look at previous companies some of these directors have run, they normally announce suspension and delisting but leave investors hanging on to some hope. Drip feeding news and cosy chats about being relisted is a possible tactic designed to take the heat of them to encourage people not to complain to the authorities/contact the press and to wear investors down to a stage where they will finally simply walk away.

If you look at OCH where the management just came out with the facts, this has resulted in a very effective and large action group being operational in the space of weeks. There are too many people here hoping that something can be salvaged hence there would not likely be the same cohesion. Not that I think an action group would be the answer here in any event.

[andy] 05/1/2013 10:49

This doesn't read too well!


"Both Merchant Capital or Merchant House could not be reached for comment at the time of writing. Main contact numbers for both firms and the direct line for one individual appeared to have been disconnected, while a number for Merchant House media enquiries simply went through to a message stating the firm was closed for the festive season."

[the ross] 05/1/2013 09:59

Have also made some enquiries..well see.

[bubble pricker] 05/1/2013 00:25

I do, but funnily enough his phone numbers always goes to voicemail. Crooks don't like to talk to the people they have scammed.

[mike111d] 03/1/2013 12:39

Perhaps you should take that up with him directly, as I would imagine that you have the relevant contact details as per your lunch meeting from early last year.

[bubble pricker] 03/1/2013 12:34

Well, funny how Mr Holmes assured edjodav in November that shareholder value will be realised, and now only 1 month later the firm is dealt further blows. Just as he assured me and others in January this year that "everything was in place" for MHG to be a great success.

Mr. Holmes is a serial liar and crook. Do not believe a word he says.

[mike111d] 03/1/2013 12:32

Well if you were to believe the contents of certain past RNS statements there were other possibilities but much like the one stating that they would shortly commence paying dividends there came a point in time that there was evidently no substance to such claims, just more smoke and mirrors.

On November 27th they stated via RNS that they would update shareholders and creditors in a few days on their plans but over a month on they have yet to do so. I do hope that they can salvage something for you but this would require convincing others to release cash to folk who I would certainly not want to be associated with, given how things panned out both here and elsewhere.

All the best for 2013 and I sincerely hope that you can make good your losses one way or another.

[macsam] 03/1/2013 12:17

Without the structured products business and IFA business whats left?

[the ross] 03/1/2013 07:37

Yep seen it. there's mention of them winding down the IFA arm as agreed with the FSA from 12th Dec. If anyone including Edj can gain clarity on this would be appreciated.

If they're still going to trade with other business ventures then great but not sure what those would be!?2 R

[bubble pricker] 02/1/2013 13:01

edjodav 29 Nov'12 - 12:47 - 2905 of 2944 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. he assures me that shareholder value will be realised in the not to distant future !!!!! make of that what you will

________________________________

edjodav, you forget Mr Holmes is a serial liar and crook and whenever he opens his mouth, you cannot believe one word he says.

[the ross] 01/1/2013 23:56

Heard about it Z.. hoping to get some kind of answer soon.R

[zitec] 01/1/2013 17:20

Couple of bits of news that will be bad for Merchant businesses





Based on previous cash burn figures I reckon they have 6 months left of that Beia money. If they don't get that listing sorted soon and raise some cash I'd say this will be over by the end of 2013.

[moormoney] 22/12/2012 01:20

cheers sirra, and you too T R, Merry Xmas and here's hoping for some real winners in 2013.