Argentvive Share Discussion Threads

[2magpies] 03/7/2008 10:11

Right. So now we are back to below 1p in the old form.

How long before we get to 1p in the NEW form?

Hmmmm.

[safman] 25/6/2008 11:07

well, its not going to delist..however some underperforming groups.. and denton buying reverse auction project for 500k.. clearly he has invested a lot in this...

i suppose an example of a reverse auction website from the UK...is .

www.bidjam.co.uk.

saffy..

[safman] 25/6/2008 10:52

RNS Number : 4879X
Argentvive PLC
25 June 2008





ARGENTVIVE PLC

('ArgentVive' or 'the Group')


Completion of strategic operational review

Disposal of non-core assets


Further to the announcement of 9 June 2008, the ArgentVive board has now completed its strategic operational review and has considered further the opportunities for each of the various businesses within the Group.


The Group's strategy has been to acquire or incubate businesses that are scalable with added management expertise or working capital injections. Many of the businesses within the Group are still at their early stages of development and it is clear that, while a number of these businesses and activities hold promise for the future, they will require significant further financial support in order for them to finalise their development programmes. This is particularly the case in regard to those in their early development phase.


The Board have made the strategic decision to focus on the core and immediately profitable businesses within the Group. At the same time ArgentVive intends to dispose of a number of the Group's non-core assets.


Solcara

The most established and profitable of the businesses within the Group is Solcara which was acquired for a total consideration of £4.5 million January 2008.


Solcara has market leading technology that enables it to deliver innovative software products in the areas Search Technology, Reputation Management, and Business Continuity. Solcara has an established management team and a stable client base comprised mainly of blue chip companies in the Commercial, Legal and Professional, Financial Services and Government sectors.


Sales activity has increased since Solcara was acquired and it is expected that Solcara will continue to be profitable at the operational level in the current year. The Board believes that Solcara has potential for significant growth in the short to medium term. The change in strategy and disposal of non core assets will enable the Group's attention to be concentrated on supporting the growth plans of Solcara.


Waterside Book Services

The Group has invested in the expansion of the management team within Waterside. Julian Rivers, previously CEO of Bertram's, has been appointed as Chairman of Waterside. Waterside is performing in line with expectations.


retailOn (formerly known as AuctionAssist)

AuctionAssist, which was acquired in August 2007, has undergone a major restructuring programme including the introduction of a new management team, implementation of a robust eCommerce platform and a rebranding exercise; as a result of this the company has been renamed RetailOn Limited. It was announced on 18 December 2007 that a strategic partnership with iForce Limited had been entered into to conduct trials. This strategic partnership will not be pursued but a trading relationship with iForce will continue. Trading arrangements with new partners are now in progress and encouraging initial results have been achieved. retailOn's future development will be closely monitored.



Retail8

The recent launch of BookRabbit has been very well received. While initial uptake has been positive, the revenue model is as yet unproven and the business requires working capital properly to fund its marketing and development activities.


Initial expressions of interest have been received regarding the possible acquisition of the ecommerce elements of Retail8 from a number of companies operating in this area. A further announcement will be made when appropriate.


Advance Warning

Advance Warning, a B2B social networking development company, was acquired in November 2007 for an initial consideration of £300,000 through the issue of 616,016 new ordinary shares. The additional deferred consideration has not been paid. Advance Warning has experienced difficulties in increasing its customer base and the Board has decided to exit the business. Discussions are in hand to dispose to the original owners.


Reverse Auction Platform

The Reverse Auction platform is a project derived from AuctionAssist. This project is at a very early stage of development and, whilst there have been an expressions of interest in the technology, there is no certainty that any of these discussions will lead to a sustainable revenue model within an acceptable time frame.


The Board, with the exception of Charles Denton, have agreed terms whereby Charles Denton will purchase certain assets linked to the Reverse Auction project and accept the transfer of related staff.


Under the proposal, Charles Denton will pay £500,000 in cash on completion for the assets of the Reverse Auction project and the Group will receive a 24% shareholding in the acquisition vehicle as additional consideration. It is anticipated that Charles Denton and the Reverse Auction management team will seek additional third party funding for the development of the Reverse Auction platform. Following the disposal it is anticipated that ArgentVive will receive anti-dilution rights such that the Group's shareholding in Reverse Auction shall, at all times, remain identical in proportion to that of Charles Denton.


Given the size and nature of the transaction, the proposal will be recommended by the ArgentVive Board (excluding Charles Denton) and will result in an injection of £500,000 into the Group. The proposal will also require approval by ArgentVive shareholders.


ArgentVive will not have board representation on the acquisition vehicle used to acquire the assets of the Reverse Auction project and will not be involved in the management of the business. Charles Denton will also give certain undertakings not to seek to acquire further shares in the Group for an agreed period. Full details of the proposals will be circulated to shareholders shortly.


Outlook

The Board believes that the measures being taken as set out above will enable management to focus on the core activities of the Group, and in particular Solcara, to provide a basis for the Group to achieve stable growth in the medium term.


Enquiries: 25 June 2008


ArgentVive plc

Ray Jackson

Kevin Fleming


Tel: [phone]

Charles Stanley Securities

Nominated Adviser

Russell Cook / Carl Holmes


Tel: [phone]

College Hill

Kate Rock


Tel: [phone]



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

END


MSCPUURWQUPRUBA

saffy..

[safman] 19/6/2008 15:25

if no delisting then a bounce on the cards.. depends entirely on denton.. no idea either way, but dentons last purchase was 1.5mill shares @ 50p.. £750..

so he has invested a lot..

but.. it can go either way..

saffy..

[value viper] 18/6/2008 10:08

wtf is it doing down here ? denton changed his mind ok. guess mkt is thinking they need to raise more funds ?? seems an extreme whack to me - perhaps denton will now just buy it ?! stroke of genius maybe ?! ; was 40p just a couple of weeks back .........hmm.

[charlton1] 18/6/2008 09:19

What a chance to make a bagging if this turns around again !

[jammy02] 10/6/2008 15:52

I've sold up for a slight loss in this...Stayed put during the high share price as really thought that he was going to drive this even higher but lack of positive news and withdrawl from taking over has put a real dampener on this for me...

Cutting losses and moving on...I hope it comes good for those still involved...

Good luck all

[safman] 10/6/2008 10:15

magpie..the lowest its ever been @ current prices was 1.1p.. or the old 0.11p.. great blip from that level to almost the 8p mark.. or 80p..

saffy..

[charlton1] 10/6/2008 09:14

Having stuck with this company for the past 5 years, from the lows to the highs, hitting 70p at one point I felt like a millionaire, now back down to 20p. C'mon Denton pull your finger out and show us what you promised...you did it at Moulton Brown ....just start getting creative and think out of the box

[2magpies] 09/6/2008 22:47

Hmmmm.

Back to 0.5p??

[safman] 09/6/2008 11:35

i would of rather thought he is commited to certainly, this area, as he holds 40% of equity.. however, the delist is a major concern.. seems like quite a few those happening on aim.. (v.disappointing!)..

saffy..

[jammy02] 09/6/2008 10:57

That is the biggest worry and one that seems a good possibility...As its been mentioned else where he has been building up his stake in IHP and the worry is he will jump ship and move in a different direction...

Interesting times ahead...

[safman] 09/6/2008 10:47

jammy, morning..

i think we'll have to see what dentons plans are.. i hope he does'nt delist the company .. everything apart from natural resources seem to be on a downward spiral..

saffy..

[jammy02] 09/6/2008 09:03

HHHHMMMM...Not such good news today...

Thoughts everyone ?.

[solodealer] 21/5/2008 20:09

Its performing well....perhaps you guys work for AMAZON!!!!!

[bardfield1] 21/5/2008 14:24

I tried to order a book and the process didn't work !
Looks to me like it hasn't been properly debugged prior to release.

[clocktower] 21/5/2008 13:41

Looking at the reader comments they have a lot to do to this yet. What future in it`s present form.

[solodealer] 20/5/2008 20:59

This one says it all.......LASTFM????

[uumode] 20/5/2008 20:39

more www.bookrabbit.com coverage

Guardian article -
'Elevator Pitch: bookrabbit's plans to take on Amazon'


'BookRabbit: A networking site for Literature Types'

[jammy02] 16/5/2008 12:38

Good news that its now out of testing and has been launched to the world...Some additional good news with the new partnership as well. All positive steps being taken...

Has anyone heard anything more on the interested take over be Denton ????

[uumode] 16/5/2008 09:04

sorry pasted wrong link!

[uumode] 16/5/2008 09:03

www.bookrabbit.com is mentioned in the Telegraph


the site is looking good and is a refreshing change (I think)