Playwize Share Discussion Threads

[ldmachin] 18/5/2010 00:46

csilondon,

Good grief man... you've essentially been screwed over twice by this company in short succession...

1. The initial 'we've ran out of funds' moment.
2. The 'hope bull' of a 'reverse takeover' shoveled to you... which ended in the inevitable 'sorry, we couldn't make it happen'.

... I TOLD YOU MANY MOONS AGO TO GET PRO-ACTIVE WHEN THE WRITING WAS ON THE WALL AGAINST THIS OUTFIT AND THERE WAS STILL A CHANCE OF SALVAGING SOME OF YOUR WEALTH TIED UP IN THIS.

It's too late now!

Forget Ombudsman, FSA, trading standard, etc... they are all tentacles of this same crooked beast of a system... they are there to protect the crooked system and the few that benefit from it... not you!

The only hope is for aggrieved shareholders to get together and hire a private lawyer to investigate the actions of the management over the past couple of years... to see if management were negligent in their well paid duties. If they are found to be negligent, then sue them privately good and proper... and get your fees paid too... that's the only chance you've seeing your money back...

... but, management of companies that go to the wall rely on shareholder apathy to get away with their actions scot-free on AIM... so, let's see if you are just another apathetic shareholder who's going to roll-over now they have been bled dry or a pro-active shareholder who cares what happens to their wealth.

[csilondon] 16/5/2010 18:36

might be worth printing everything off before its no longer available, maybe a case for the financial ombudsman to take a look? not sure though, any-thoughts on this would be helpful?.

i cant see how everyone is acting in PLW interests when they are working elsewhere. its not a small amount of money that was raised, why was it allowed to raise large amounts of money in the first place just to go bankrupt. who offloaded these shares. it seems like TD, Barclays and SVS are all large holder via nominee accounts.

[moneyman18] 16/5/2010 11:57

I have sent Emails to the Brokers who backed the company demanding a response from the manager reponsible for PLW,

No repsonse and not even an email to say they got the email

I advise you to do the same, I am interested in any response anyone gets on this subject. I feel PLW holders have been shafted good and proper while Foo and Co run another company right under our noses

[csilondon] 16/5/2010 11:42

i find it strange that everyone ignores the fact that there is another company on the side....

[the analyst] 15/5/2010 18:56

Yup, you definitely CAN claim the loss on PLW shares against CGT, but you need to sell the shares prior to the 20th to crystalise the loss first

If you don't sell before the 20th, then you would have to wait for the hmrc to classify the shares as being of 'negligible value', which can takes many years, or never happen at all

DYOR quickly before the 20th if you think that a tax loss would be useful to you

Not financial advice!

[moneyman18] 15/5/2010 18:04

FOO has an absolute forture to claim back on losses made by owning PLW shares. Maybe if he floats his new company he will be able to get 100% pure cash when he sells

I guess someone has to drive the Porsches while others walk the cold streets

[targatarga] 15/5/2010 17:26

csilondon - just ring your tax inspector. The fact is aim shares are allowable for losses but you have to ok with the tax people first....kind regards

[csilondon] 15/5/2010 16:31

cgt writes offs are not possible as PLW as HMRC sees it as Unquoted, so no CGT claims can be made. also it doesn't benefit me as i dont expect to make over 8k this year on that. also i have posted something i found, perhaps others can take a look at it, is it the same Foo Katan?



i think the other parties are a hedge fund based in london, not least like the ones that PLW owe money to. in fact i think there on the next street, i may be wrong though. does anyone believe there is a case for the financial ombudsman?

Origin 8 was also set up on the 14/07/2008 whilst play wise was suspended on the 14/07/2008. it may be vice versa.

this is all my opinion and have used the internet as my sole resource, i could offcourse be wrong.

[oneillshaun] 15/5/2010 16:14

csilondon - maybe so but come on look at this ZIM, LNG all shocking miss management, these people are not fit to run a car and yet they run a business in that we invest our hard earnt money, way less risk in the FTSE 100 and still grat gains to be had.

[csilondon] 15/5/2010 10:33

oneilshaun, not even in the FTSE are they accountable. take a look at fred goodwin. anyone else think something fishy going on here?

[ldmachin] 13/5/2010 19:33

oneillshaun,

That's a good step in the right direction i feel. Although scum management are the norm now everywhere... management who put shareholders first are very very rare.

[ldmachin] 13/5/2010 17:58

csilondon,

I see you still see me as some kind of enemy, when all i did was to spend some of my time posting here (with no financial benefit what-so-ever) to warn you and help save your wealth...

... you're a fool to the very end... you just can't seem to see who your friends and who your enemies are...

It's the filth at the helm of this travesty you should be questioning and hard... maybe you can arrange a rendezvous with their yacht when it's next in harbour?

[highly geared] 13/5/2010 17:07

Best thing people can do is wait for CGT to be whacked back up to 40% then use it to offset gains above the CGT threshold if you have successful investments elsewhere.

My only question is at what point /time wise you have to crystallise and declare the loss. In theory , until PLW is wound up , peoples holdings still exist , albeit the shares are untradable (a la Meldex).

If they do wind up , it would be gratifying to see Foo Katan being disqualified to hold the role of a director of a listed co but I doubt it will happen.

Such is life.

[csilondon] 13/5/2010 17:03

LDMACHIN for someone that doesnt hold shares in PLW, im keen to find out why you are still on this board bothering us?

[csilondon] 13/5/2010 16:45

isn't this a little strange? the company was formed a day before or after PLW was suspended in July 2009? why did they raise funds in the first place?

[estseon] 13/5/2010 09:27

It looks like I will have the opportunity of getting back up to half my money if the CGT rumours are true. Until they wind-up this bag of s*$t,I can choose when to realise the loss using a negligible value claim.

[moneyman18] 13/5/2010 09:17

8 million loss in the PLW books is the carrot

[ldmachin] 13/5/2010 08:57

MoneyMan18,

It's not going to happen.

Why would they 'do shareholders a favour' and cut them in on any potential profits the company can make? Have both these fellas a history of delivering for shareholders?... er, no... quite the opposite, unfortunately.

Nobody is going to list a company on the market in the current economic climate. There is no benefit.

It's not going to happen. It was game over a long time ago here.

[moneyman18] 13/5/2010 08:40

Both Jez and Foo have set up this company WHILE Foo is working for PLW to try and find a suitable company a PLW to reverse into.

So Far we had a miss understanding that PLW had failed to find a suitable company, But the 19th of May is the deadline for this reserse to happen.

Presently we are with holding judgement

[oneillshaun] 13/5/2010 08:35

Guys i am just reading some of the post on this thread and i have ask why are you having a pop against Jez?

Jez has nothing to do with PLW other than being a shareholder.

Please explain.

[moneyman18] 13/5/2010 08:24

But they are already running a suitable company. It has to be a done deal.

[ldmachin] 09/5/2010 20:32

MoneyMan18,

The 19th May 2010 deadline will expire... and you'll just get a standard email from your broker saying that the shares will be delisted and are worthless... If you're lucky you might get an RNS a week or so later saying that "The board has tried 'very very hard', but with the very limited funds available has been unable to find a suitor company that meets the conditions of the acquisition"...

... mark my words... have a look at the post i made on here the day before the listing suspension RNS...

... seen it all before... unfortunately, it's plain to see who the winners and losers were here... shareholders needed to put a fight a long long time ago... they rely on shareholder apathy...