Paros Share Discussion Threads

[waleriuszwatrobka] 09/4/2013 13:07

...f3, I've just logged into my trading account and saw for the first time for a very long time, that the name "PAROS PLC" has appeared next to my holding of this dog, where previously was some string of digits, so maybe there is a chance that he'll come back from the dead, so fingers xxd ;-)

[fenseal3] 23/3/2013 13:21

Any one know anything about the progress here...cheers.

[christh] 30/3/2012 16:49

FROM THE CHAIRMAN (received today)

Dear Mr xxxxx
The Company is still in the CVA and is striving to achieve the aims of the CVA which are to recover the monies from Worldlink and to re-establish its business model and profitability.

The directors and shareholders all want to achieve this end, please note;

i.ParOS won the case against Worldlink (despite their RNS claims reflected on ADVFN) and is now recovering the money owed.

ii.ParOS owns 40% of the patents and receives 7% of the annual revenue derived from them.

Neither of these sources of funds are likely, in the short term, to provide much comfort for shareholders but if we can keep things going there is always hope.
What happens with the creditors depends completely on what is achieved by the Company.
If people put out false information, such as the T D Waterhouse announcement it does nothing to help.

Yours ever
Patrick McHugh
Chairman
ParOS plc

[fenseal3] 09/3/2012 09:23

Cheers WaleriuszWatrobka, every share i have thats been suspended and had some chance of coming back to market has gone....poo sticks!!!

[waleriuszwatrobka] 08/3/2012 13:39

...f3, Paros' lost court case - see WGP's RNS

[fenseal3] 08/3/2012 13:34

Well thats it then according to natwest stockbrokers, there has been a corporate action and paros has gone into liquidation...just in time for GGT, makes you laugh...where is the money owed to them from WGP.

[tobyjug] 07/2/2012 23:35

The case finished at 5pm today after 6 days hearing in the high court. the judge has retired to consider his verdict, the judgement will probably take few weeks to come thru. watch this space.

[waleriuszwatrobka] 07/2/2012 16:11

...what's the outcome?

[christh] 07/2/2012 05:56

last day of the trial today.
Result coming out after 12am-2pm

[fenseal3] 03/2/2012 12:30

WGP might get bought out, will this mean PARO get their money which is owed to them....fingers crossed!!!

[gangus23] 03/1/2012 20:38

I see WGP are doing well since the listing - down nearly 50%, some interesting statements too - I hope we get all their cash from the listing in the court case!!! can't be long now.............

[tobyjug] 24/11/2011 08:38

They had signposted the london listing in their latest annual report and accounts and they dropped off the frankfurt market three weeks ago.

[waleriuszwatrobka] 24/11/2011 08:24

...so how WGP has managed to get its listing, "proper" IPO or has it reversed into another vehicle ?

[fenseal3] 24/11/2011 08:23

Thanks Tobyjug...i'm hoping for a good new year, i hold 2m of paro so i would love to get something back...fingers crossed!!

[tobyjug] 24/11/2011 08:07

fen, Latest info...... the case against worldlink proceeds well and we are still on track for an end of january trial.

[fenseal3] 24/11/2011 07:16

Where does paro stand now with Worldlink now they are being Admitted to the LSE...any thoughts welcome.


Worldlink Group Plc Admitted to Standard Segment of the London Stock Exchange

24 November 2011 | 7.00 AM

Worldlink Group Plc ("Worldlink" or the "Company") (LSE: WGP), a provider of real-time financial information and owner of intellectual property in the transmission of mobile data sector, today announces its admission to trading on the standard segment of the London Stock Exchange. The Company's shares are expected to commence trading under symbol WGP at 8.00am (GMT) on 24 November 2011.

Neil Riches, Managing Director, commented, "This is an important time for Worldlink as it works towards commercialising its intellectual property. Our objective now is to grant licences to parties infringing our patents. We will work with our legal advisers to bring proceedings against those that refuse.

"We are delighted with our admission to the LSE Standard market and consider that it marks a significant step for the company and will prove a good platform from which to build our business. We hope it will raise our profile, give us exposure to a wider investment audience and, in turn, provide our shareholders with improved liquidity."

The market capitalisation at listing is anticipated to be circa £55m and the opening share price approximately £2.50.

ABOUT WORLDLINK GROUP PLC

Worldlink is a technology company that provides a platform service through which it and third parties can deliver financial data and trading applications to consumers. The Group owns intellectual property in the mobile telecommunication sector for the transmission of automatically updated, real time data where the user selects the information he wishes to receive. The UK and US patent numbers are GB 23 58 768 and US 7 194 468.

For more information about Worldlink and its businesses or to access a full copy of the prospectus please visit www.worldlink-data.com

For further information, please contact:

Neil Riches Tel: [phone]

Managing Director

Worldlink Group plc



Phil O'Connell Tel: [phone]

Bridgehall Securities

Mike Wort / Anna Dunphy Tel: [phone]

De Facto Financial




This information is provided by RNS
The company news service from the London Stock Exchange

END


MSCLLFSFLVLVFIL

[christh] 30/8/2011 22:37

I spoke to the CEO this morning and the news is that negotiations continue between the legal teams.
Paros has contributed just under £700,000 for the merger with Worldlink.
This has been documented and signed by Wordlink and cannot be denied as the contracts exist and are there.
Worldlink has not recognised liabilities and trying to reject Paros claims but once the signature is on the dotted line "CRYPTA MANEM"
It stays and is legal binding.
So I do not understand why is Worldlink dragging on if it will cost them more on legal fees and expenses for both companies.
The deadline for out of court settlement is January 31 2012 which after that date is not settled then the case will be heard in court.
If the case goes to court then the legal fees escalate and will cost Worldlink even dearer.
Its madness for Worldlink not to settle out of court rather than risking going to court to fight a case which cannot win and end up
wasting more money and that is their shareholders funds.
It was Paros which helped them with their funds and then tried to deny Paros contribution.
Now they owe Paros over £1.2 million (legal fees,interest,expenses,Funds,salaries,
The talks continue and Worldlink are announcing their results soon.

[tobyjug] 14/7/2011 12:06

mod, I have some in nominee and paper. just leave them there. hopefully soon we might see life.

[mod] 14/7/2011 11:50

Is this not dead then?????
TD Waterhouse site still shows I have shares in my nominee account. Are they still valid although they cannot be traded? If so, should I get them to convert my nominee holding to paper certificates? Or am I too late to do anything?
mod.

[tobyjug] 30/6/2011 14:15

the mediation wasnt concluded on the day. further discussions are expected soon.
confidentiality agreement in place regarding details.

[gangus23] 30/6/2011 13:16

toby, any news yet?

[tobyjug] 15/6/2011 00:23

mediation takes place on 23rd june at IDRC. trial date 30/1/12 if it gets that far.

[gangus23] 14/6/2011 20:55

Have worldlink coughed up yet or is it going to go to trial??