Avid Share Discussion Threads

[sellitnow] 19/1/2009 14:20

when are these ar*e*oles going to make another announcement, couldnt run a tea shop

[imho2] 23/12/2008 16:52

I think you are giving them more credit than they deserve.......

[berkley3] 23/12/2008 13:39

for sure it is a classic asset strip scenario.Not exactley subtle though are they.

[tel290766] 23/12/2008 10:04

All this looks suspect to me both companies were profitable until being bought by avid.

[berkley3] 22/12/2008 13:45

i here that alpha is in the process of being sold,so that may buy them some time.

[sellitnow] 08/12/2008 10:11

probably, have lost a bit of cash here.

[berkley3] 05/12/2008 15:56

alpha next for administration?

[tel290766] 26/11/2008 11:50

Active CCJ's 15
Value of CCJ's [£] £81059
Number Of Writs 0


Year CCJ's Writs Registered
2008 15 0


Date Court Amount Status Case Number Date Paid
21/11/2008 WALSALL £1797 Judgement 8WJ84892
21/11/2008 NORTHAMPTON CCBC £4471 Judgement 8QZ33066
19/11/2008 NORTHAMPTON CCBC £14895 Judgement 8XC44675
14/11/2008 MILTON KEYNES £7943 Judgement 8MK02898
13/11/2008 NORTHAMPTON CCBC £167 Judgement 8XN02248
13/11/2008 WALSALL £748 Judgement 8WJ84635
12/11/2008 NORTHAMPTON CCBC £9245 Judgement 8QZ17128
11/11/2008 NORTHAMPTON CCBC £1460 Judgement 8XJ35123
31/10/2008 NORTHAMPTON CCBC £4324 Judgement 8XJ33779
31/10/2008 NORTHAMPTON CCBC £25 Judgement 8QZ04792
30/10/2008 NORTHAMPTON CCBC £5537 Judgement 8XJ33516
29/10/2008 HORSHAM £544 Judgement 8HM02002
22/10/2008 NORTHAMPTON CCBC £220 Judgement 8QZ10212
15/10/2008 NORTHAMPTON CCBC £10019 Judgement 8QZ08177
02/10/2008 NORTHAMPTON CCBC £19664 Judgement 8XJ29626

[sellitnow] 26/11/2008 10:11

why dont they make a bloody announcement

[tel290766] 24/11/2008 11:15

Spoke to one of the lads at electro-mec, they have not been paid all of last months wages and are not being given any information.
Some of them are turning up for work, others are staying at home waiting to find out what the future is.

[sellitnow] 24/11/2008 10:40

Court Date Amount of Judgement Status Date Settled
NORTHAMPTON CCBC 02/10/2008 19664 Judgement
Case No. 8XJ29626
NORTHAMPTON CCBC 15/10/2008 10019 Judgement
Case No. 8QZ08177
NORTHAMPTON CCBC 22/10/2008 220 Judgement
Case No. 8QZ10212
HORSHAM 29/10/2008 544 Judgement
Case No. 8HM02002
NORTHAMPTON CCBC 30/10/2008 5537 Judgement
Case No. 8XJ33516
NORTHAMPTON CCBC 31/10/2008 25 Judgement
Case No. 8QZ04792
NORTHAMPTON CCBC 31/10/2008 4324 Judgement
Case No. 8XJ33779
NORTHAMPTON CCBC 11/11/2008 1460 Judgement
Case No. 8XJ35123
NORTHAMPTON CCBC 12/11/2008 9245 Judgement
Case No. 8QZ17128
NORTHAMPTON CCBC 13/11/2008 167 Judgement
Case No. 8XN02248
WALSALL 13/11/2008 748 Judgement
Case No. 8WJ84635
MILTON KEYNES 14/11/2008 7943 Judgement
Case No. 8MK02898
NORTHAMPTON CCBC 19/11/2008 14895 Judgement
Case No. 8XC44675

[berkley3] 21/11/2008 08:51

tel 290766.
i agree it is a real shame for the staff,in my dealings with them they were always very helpful.
I spoke recently with the ex md and hopefully may be able to offer one or two a job if things improve.
Alpha is another example of a once well run company being butchered.

Good luck for the future.

berkley.

[tel290766] 19/11/2008 18:40

I too was owed money by electro_mec, like you we issued a statutory demand with the threat of a winding up order. We got all of our money but there are a lot of people who have gone down the ccj route will probably not see a penny(currently 12 ccj's totaling £59896. Another company in the group,(Alpha anodising) has 1 ccj of £3858 against it.
Its the people on the shop floor I feel sorry for in the "real economy".
My family run Engineering company has run for 42 years,9 of which run by me.
Electro-mec had pretty much the same history untill people playing the pretend economy thought they would by into somthing they new nothing about and screw it up.
Like you I have no interest in the share price I make real things and sell them.

[berkley3] 17/11/2008 09:30

i can assure you i have no vested interest in this share whether up or down.I am only advising anyone that holds that in my opinion elecro-mec will be in receivership very soon.

[8trader] 17/11/2008 08:53

The way you post and the sudden switch to CAPS LOCK makes me
suspicious that you are just the thread starters premium username ?

[berkley3] 17/11/2008 08:39

FURTER TO MY POST RE COLLECTING OUTSTANDING BALANCE OWED TO ME BY ELECTO-MEC
I AM IN NO DOUBT THAT THE SO CALLED BIG ORDER IS DOOMED TO DAMAGE LIMITATION,THE M.D HAS BEEN SACKED.AND THAT THEY WILL BE APPOINTING AN ADMINISTRATOR SOON.

[cyberpost] 14/11/2008 13:17

Share Suspension (Avid)


AVID HOLDINGS PLC ("AVID" OR THE "COMPANY")
SHARE SUSPENSION

Further to the announcement made by the Company on 21 October 2008, Avid
continues to seek additional funds in order to finance its working capital
requirements. A further delay in the completion of an order within Electro-mec,
one of the trading subsidiaries of the Company, has had a significant impact on
cash generation. This, and general trading conditions coupled with the
continued difficulty in raising short term funding in the current climate has
resulted in the board of Avid requesting that the shares in the Company are
suspended with immediate effect, pending clarification of the Company's
financial position.

[cyberpost] 05/11/2008 14:50

Statement re Share Price Movement (Avid)




FOR IMMEDIATE RELEASE
AVID HOLDINGS PLC
("Avid" or "the Group")
Share Price Movement
The board note the recent increase in the company's share price and can confirm
that they are not aware of any reason for this.
As announced on 21 October the Company is continuing to seek short-term finance
and will make a further announcement in due course.

[sellitnow] 05/11/2008 12:43

At least you got paid

[double6] 08/10/2008 12:01

Loosing - dumped ??

[berkley3] 03/10/2008 07:56

Quality has been iso inspected and passed on all dely by thier own inpection.

Speaking to the md of electo-mec,he says avd will not (or cannot) release funds to pay their suppliers at present i will keep bb informed of court date and result.

Anyone is welcome to visit my premises if they wish further clarification,or has doubts on the quality of product,service my co provides.

[sellitnow] 02/10/2008 10:04

maybe the service you provided was sub standard so they wont pay as a result ?