Auction Technology Share Discussion Threads

[bozzy_s] 13/6/2012 14:30

362 - NOOOOOOOOOOOO! Don't take the risk. Silkstag has been saying for months these shares are worthless. The company has confirmed that today. They will be suspended and delisted in the near future, I wouldn't risk even £500 on a day trade (especially if such a trade relies on idiots risking 100% of their money buying after me, for me to make a profit).

[silkstag] 13/6/2012 14:21

jonyjackles, Adventis will be delisted in near future as shares are worth 0p in all scenarios. Liquidaion deficit -4p to -8p. Why would anyone want to be on the share register now?

Sale of 3,069,300 shares at 0.1p today rather proves the point.

[jonyjackles] 13/6/2012 14:17

will this bounce back to around say 0.70? what are you thoughts?

[silkstag] 13/6/2012 14:16

Loverat, thank you for the kind words. You "could not get a grip on the balance sheet and the figures" because Winks/Pearson set out to deceive you, in breach of AiM Rule 10. They omitted pivotal facts from their RNSs. I unpicked their deceit by trawling through, and perfroming calculations from, earlier RNSs to collate the missing information. For example:

In the 10-5-2012 RNS (and 20-1-2012 RNS) Winks/Pearson concealed that the Tech Division second half profit collapsed from £616,000 [H2 2010] to just £80,000 [H2 2011]. Instead they said "We have two profitable and highly promising technology businesses which will now have to be sold". No mention or hint of the profit collapse. This pivotal fact shows that sale of the Tech Division had no prospect of meeting the group's net liabilities (the scale of which they also concealed).

Winks/Pearson are not fit and proper people to serve as Directors of quoted, or any, companies.

ps thanks Bozzy_s

[bozzy_s] 13/6/2012 14:06

Good call silkstag, bad luck to genuine investors, up yours to rampers and pump and dump artists. Another case of the inevitable happened but rose-tinted glasses prevented some from seeing the bleedin' obvious when presented by a white knight on this BB.

[chrisgail] 13/6/2012 14:06

Loverat somewhat more elegantly put than my proceeding rant.

[loverat] 13/6/2012 13:51

When I first saw SilkStag's posts I thought he was deramper. There are many on these boards and the difficulty is working out who is genuine or not as so many posters seem to have agendas etc. Anyway as he posted some more I thought he was different and totally genuine as he was so specific with his calculations. I know they say you should never listen to other posters etc and DYOR but I (and it seems most posters here) could not get a grip on the balance sheet and the figures. Therefore SilkStag's research and his posts were invaluable to those who read and absorbed his posts.

I think if posters were a little more honest on these forums and not so self interested, good research would be more appreciated and acted upon. I also reckon shareholders would be more united and act together to campaign against these stitch ups as PLUS shareholders are currently doing.

Anyway - a lesson learned here. For some an expensive one and for others, a lesson in integrity hopefully.

[27howard] 13/6/2012 13:30

Think the 1 million sale at 1p when it was 1.2p bid was a insider, after that
you could not sell until it went back to 0.9p

[silkstag] 13/6/2012 13:29

Loverat, alexi5 and 27howard, thank you. Winks/Pearson misled the market repeatedly, creating a false market in ATG shares. They should not have deceived any people, including you, into buying ATG shares at any price.

"It is now clear...net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities...Directors consider that it is probable that there is no value in the Company's ordinary share capital...Directors will reconsider the position taking account of the ability of the Company to pay all creditors which will include consideration of an insolvency process".

'now' in 'now clear' is another lie. This was clear to Winks/Pearson on 10 May 2012. It was clear to me before then, having worked out the numbers, they had them in front of them.

Shares worth 0.00000000p, rounding up from -4p to -8p being the ballpark creditor defciit on liquidation.

[alexi5] 13/6/2012 13:29

You were right, SilkStag. It looks like you were being altruistic after all. I sold previously but have been watching ready to jump back in. Something my dad (RIP) advised me about buying shares was 'don't take any notice of what the company tell you!'. ATG was bursting with confidence that it could cover the bank debt and more by selling the techies. I hope people did not lose more than they could afford - put it down to a learning experience. Alexis.

[darias] 13/6/2012 13:24

As well as congratulating SS there should be an investigation by the FSA and ADVFN does not come out very rosy either!

This thread was started when SS was predicting failure on the other thread and was a blatant attempt at ramping. SS stated some time ago that the company was trading whilst insolvent and to my mind that is fraud! Come on FSA do your job.

I have to say the club got out at a loss in January on a small spike. I have to thank SS for that warning and analysis which saved us a considerable sum.

[27howard] 13/6/2012 13:10

SilkStag

Owe you a drink as well, took your advice and took the hit on that 100k I bought.
You saved me a few quid, to me it was always a coin flip but in this market it was £1000 I could not afford to lose.

[loverat] 13/6/2012 13:10

Good call SilkStag.

You hopefully saved some folks a few bob here. The lucky ones sold in the first few minutes of the RNS.

[aughton 3] 13/6/2012 13:06

PEOPLE CANT SAY THEY WERE NOT WARNED

[topinfo] 13/6/2012 13:04

Update on proposed sale of Technology division
Print
Alert

TIDMATG

RNS Number : 2897F

Adventis Group PLC

13 June 2012

13(th) June 2012

ADVENTIS Group Plc ("ATG.L")

("Adventis" or the "Company")

Update on proposed sale of Technology division

Further to its announcement on 10 May 2012, Adventis provides the following update on the proposed sale of its Technology division.

The Company has now concluded a structured process to elicit offers, subject to contract, for the Technology division. Indicative terms, which are subject to contract and therefore not legally binding, have been agreed with the preferred bidder and the Board hopes to finalise and exchange conditional contracts for the sale of the Technology division within the next few weeks.

It is now clear that, even if conditional contracts are exchanged with the highest bidder in line with the indicative terms, the net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities and therefore the Directors consider that it is probable that there is no value in the Company's ordinary share capital.

A sale of the Technology division would be subject to shareholder approval. Therefore, immediately following exchange of contracts, shareholders will be sent a circular containing notice of a General Meeting at which they will be invited to vote upon the disposal.

Following exchange of contracts for sale of the Technology division, the Board of Directors will reconsider the position taking account of the ability of the Company to pay all creditors which will include consideration of an insolvency process.

Announcement of 2011 results

The Company is working with its auditors to enable them to conclude the audit for the year ended 31 December 2011 and to finalise the form of their audit opinion and expects to release its final year results shortly.

Enquiries:

[topinfo] 13/6/2012 13:03

Who ramped this then??????

It is now clear that, even if conditional contracts are exchanged with the highest bidder in line with the indicative terms, the net proceeds will almost certainly not be sufficient to repay in full the Company's bank debt and other liabilities and therefore the Directors consider that it is probable that there is no value in the Company's ordinary share capital.

[ukmassy] 13/6/2012 12:58

Jonyjackles British Bulls is otherwise known as British Bulls!it. Don't believe what they write.

[jonyjackles] 13/6/2012 12:34

British Bulls have removed their BUY CONFIRMED to a SELL IF! wonder what this means?????

[rachit7] 12/6/2012 21:22

someone smells desperate guys,multiple accounts spread on different bb,s now i really wonder why!

the thing is stag knows there a droves of gullible bb users who dont have a clue about reporting periods etc and this is the ammunition tactically used to drive micro caps in shorters favour,or also the other way,these human ticks can also damage small companies by preventing private investment,im sorry to say its society i hope they can sleep at night.


for what its worth i think this update due will have a very positive slant,yea i know but Adventis is marketing its tech businesses,FOR SALE,it will want to generate maximum impact/interest and a nice set of figures for potential buyers to brood over,i expected the trading update to drag into june as the company then can provide better guidance on expected revenue/profits for the interims.

please make your own judgements thnx

[akaaur] 12/6/2012 19:31

silkstag look at your posts, you keep i did this i did that when its all copied, your talking about things being covered up, why dont you just send all this to the fsa,

it clearly shows what you doing here, if you care for us investors that much post this tricks being used to fsa, and let them deal with it

[ukmassy] 12/6/2012 19:17

LOL! Captain Multibag. Posting the same stuff on iii.