Financial Payment Systems Share Discussion Threads

[tivoliworldgaming] 20/8/2016 09:17

This was the biggest con on AIM or was TD Waterhouse involved in scamming me?.
As I recieved nothing when others did.

What went wrong is I never wrote to the director of FPS, and if I did I may of had a chance to recieve something. TDW should really do that on ones behalf.

[tivoliworldgaming] 27/1/2015 14:31

I still have these in my TD Waterhouse account and I have never seen a penny.
What should I do?.

[treacle32] 11/11/2010 21:39

Yes I received mine about 3 weeks ago.

[tivoliworldgaming] 08/11/2010 18:53

Anyone recieved the payment?

[treacle32] 11/10/2010 21:04

Not happy that still not received payment. Rang capita registrars today and was led to believe that payments should be made by end of the month.

[treacle32] 01/10/2010 13:23

I've received the offer document and accepted the offer.

[esmith3] 30/9/2010 14:20

Has anyone got the full offer document, as I'd like to know if there are any other plans apart from West Star just trousering all the cash.

[treacle32] 18/9/2010 12:21

Yes true and waited 2 years + as it is. Payment will also be made straight-away and before 18th October if acceptance provided by the 4th of October.

[tivoliworldgaming] 18/9/2010 11:27

When I checked yesterday I noticed its a 0.35p takeover offer. Guess we have to accept or we be waiting for years to get just over 0.7p, and that may not even happen.

[treacle32] 18/9/2010 11:18

I'm going to accept the 0.35p offer by 04 October.

[tivoliworldgaming] 16/9/2010 16:05

Later I am going to check to see if there has been any corporate action.

Hopefully a takeover?

[treacle32] 30/8/2010 15:07

I think they should be uploaded on their soon. I've responded back asking when everything would be wrapped up.

[hugepants] 30/8/2010 14:08

Thanks Treacle. Thats a lowball offer.

[treacle32] 30/8/2010 13:51

I got the below this morning:-

'Thanks for the email. You will receive our offer document shortly.
The offer price is 0.35 pence per share'.

[hugepants] 16/6/2010 11:41

Treacle
Net cash is over 1p per share which includes cash stuck in China. I think the estimate was for 2 years to get ths out so we may have another 6-9 months to wait. Although maybe it can be done sooner, who knows.

[treacle32] 16/6/2010 09:34

Good to hear from you HugePants. How much cash per share do you make it now? Hoping the shares get re-listed this year with a new venture and imo that would cause big rises to near 5p levels.

[hugepants] 16/6/2010 08:24

Treacle
I think they have 7 months from the year end to publish the accounts. So they should be out by end of July hopefully.

[treacle32] 05/6/2010 13:27

I've been able to download the 2008 annual report (ending Dec 2008) that was posted in August 2009. I've provided some key points below. The annual report for year ending 2009 should be posted hopefully in Aug 2010.

In hindsight, the decision taken by the board of directors to halt the joint venture project in Jiangsu Province, as reported to shareholders, proved to be the correct decision.
In the light of the financial turmoil that was to follow after the decision to halt the project, the company was able to cut its burn rate dramatically and to conserve the cash in the business.
The board took a more reconciliatory approach towards dissolving the joint venture and has approached several influential officials in the province to intercede and assist in dissolving the joint venture between the joint venture company and the joint venture partner.
The board of directors has in the meanwhile been actively exploring other potential opportunities and plans to commit the Company into a new venture should the opportunity arises. There are no plans to relist the Company back onto the AIM market at this present moment.
We have appointed an accounting firm to advise on the steps to dissolve the joint venture and to recover the funds that are otherwise frozen in China, which amounted to the equivalent of 956,676 as at 31 December 2008.

Balance sheet and cash balances
The Group's total assets as at 31 December 2008 stood at £1,456,100 of which £1,433,914 or 98% consisted of cash. The cash balances are held with Barclay Private Clients Jnternational Ltd., The Hongkong and Shanghai Banking Corporation Limited, China Merchants Bank, Agricultural Bank of China and GuangDong Development Bank. The major proportion of those balances as at 31 December 2008 of approximately £42,501 and RMB 8,000,000 (equivalent to £811,363 as at 31 December 2008) were held on deposit at Barclays in Jersey and on fixed deposit at GuangDong Development Bank in China respectively, with interest payable on a quarterly basis and with fixed deposit interest rate. As at 31 December 2008 funds amounting to the equivalent of £956,676 are considered to be frozen in China until the joint venture can be dissolved.
As at 31 December 2008 total equity was £1,132,529 as compared to £1,808,388 in year 2007. The decrease in total equity is attributable to the net loss of 675,859.

[treacle32] 31/5/2010 19:10

The annual return for 2010 was filed in Feb 2010. Can purchase report from below link:-

https://www.jerseyfsc.org/registry/documentSearch/NameDetail.aspx?id=115948

[treacle32] 31/5/2010 18:21

Sent an email today to AIM Regulation.

[treacle32] 23/5/2010 15:14

I've emailed once again this weekend but still nothing. Originally, they were going to return funds to shareholders at the beginning of 2009.

[treacle32] 02/5/2010 20:21

I've emailed again but still no reply. Should have been returning 1p per share at the very least to share holders.

Tried companies house but couldn't get any update.

If anyone else wants to email our company directors:-

[e-mail]
[e-mail]

[tivoliworldgaming] 01/5/2010 10:50

Should we be seeing something back by the end of this year?. Maybe we should be contacting the FSA over this one, if nothing happens by this time next year.