Caplay Share Discussion Threads

[bbd2] 05/10/2005 14:55

Tired one,

With your talents, why not try giving Alan Sugar a ring, he may give you a job on one of his shows. Failing that try that Callow fellow.

[m1dge] 05/10/2005 12:41

All fair points from TOB, but why the interest in the share?, we are dependant on PVTD, but as back up do have the possibility of a reverse takeover should PVTD prove less than inspiring lets be optimistic.

Someone appears to have been stake building previously even if not huge sums.

[bbd2] 05/10/2005 11:58

About as unusual as someone with no supposed interest in this share spending a lot of his valuable time telling us we are wrong out of the goodness of his heart. lol

When did you last post on here tired one ?

Watch for his de-ramping chums to appear before too long - Fuzebox et. al.

[tiredoldbroker] 05/10/2005 11:51

You're an endlessly optimistic bunch on here.... I don't think you have a realistic grasp on events, though, which is why so many of you have been stuck with this stock and no sign of ever making a profit on it.

The 25% of Catalyst now being sold was only bought in Aug-Oct 2004 for £1m/C$2.4m, and it takes cheek on the part of the directors to say the company "has recouped its entire original investment in Catalyst" when all they are getting out is C$750,00/£375,000.

Don't any of you see the "funny paper" aspects of all these deals ? Start with Mr Terry Ramsden, a convicted criminal: he controls the private business which owns the PETS trading system. Caplay puts cash up for a limited interest in the system.

That gets shunted about into a pink sheets stock, PVTD. PVTD gives Caplay a Canadian licence for its software. Then Caplay sells 70% of this, but (oh look, how very strange) the buyer is the crim who controls the company that granted the licence..... ??? Doesn't this look even the tiniest bit odd to any of you ???

So once again, Caplay's cash has been turned into more funny paper of no realisable value (not saleable, not quoted on any respected market, not subject to UK regulations). Meanwhile, the £1m invested a year ago in Catalyst (which was supposed to be such a moneyspinner) has lost most of its value. Once again, the company fails to quote clear financial amounts for all the odd deals it does (in this case, the sale of 5% of Atlantic to the owner of Catalyst is being done with no value announced, even though the Catalyst people presumably benefit from the collapse in the value of Caplay's investment.

Just to make life even more interesting, the current directors then spit your money out at the bloke who used to run the show, once again failing to name a simple total cost but calling it the "entire amount held to Caplay's order in an escrow account related to the litigation plus a further amount of £65,000". Do you all understand that when they say "The surplus of the amount
provided for in the accounts on this matter of around £200,000 will be written
back to the profit and loss account", what it means is they'll take this as a loss in the next set of figures ? How come they've always said they'd provided "in full" for these possible costs, only to now have to put up an extra £65,000, when until now, they've consistently seemed to suggest that they didn't expect to have to pay out anything ?

Why can't the directors of Caplay ever put out an announcement which just says "This will cost us £xxxx" or "We have lost £xxx on this investment" or "They have paid us £xxx" ? Why is nothing ever made plain and simple and straightforward, for ordinary guys to understand ?

Why, when the option held by Mr Ramsden to buy 35m shares at 5p expired, did the directors feel it was clever to further dilute ordinary punters by granting Ramsden a new option for 17.5m shares at just 2p and another 17.5m at 5p ???

Don't any of you think all these inter-connected deals look unusual ?

[bbd2] 05/10/2005 11:34

This is the latest on the PVTD new listing:

Private Trading Systems Announces Additional Capital Infusions; Balance Sheets Reflects Assets in Excess of £10 Million

Emerson Gerard Associates, Boynton Beach, Fla.
Jerry Jennings, 561-881-7318

30-Aug-2005, Private Trading Systems, Inc. (Pink Sheets:PVTD) announces that its shareholders have infused a mix of cash and publicly traded securities into the Company adding an additional $1.6 million of assets. Combined with the value of the assets previously announced, the Private Trading Systems balance sheet currently reflects total quick assets in excess of $10 million in cash and marketable securities.
Private Trading Systems has completed a certified audit of its U.S. operations. The Company has engaged auditors for its two European operations and expects the audit to be concluded in September. Private Trading Systems then plans to file the necessary 10K and 10Q's with the SEC taking the Company to full reporting status followed by an application for listing on the American Stock Exchange.
Further announcements will be issued as each milestone is reached.
About Private Trading Systems
Private Trading Systems, Inc. is developing turnkey exchanges for all types of assets to which a CINS/CUSIP number can be assigned or created. Private Trading Systems is a quick, effective and proprietary venue for secure, clean and efficient electronic transaction processing. It is designed to preclude specific forms of illegal manipulative trading of any security for which it provides exchange services. The intention of the Company is to offer an "exchange environment access" through a unique design of exchange services and proprietary integration of functions that is not currently available anywhere in the world. Private Trading Systems has partnered with Societe Bancaire Privee (SBP) of Geneva, Switzerland as the Company's custodian and bank partner. The Swiss Federal Banking Commission must approve all exchanges taking place on Private Trading Systems prior to concluding any transaction.

[sportbilly1976] 05/10/2005 10:11

surpring lack of buying interest though !!

[malcolm2cox] 05/10/2005 09:59

CLY, have been waiting to get this court case out the way, its no coincidence that the investment restructuring has come hot on the heels of Murray's case. lots of news to follow imo, and a swift move northward!!

[the technologist] 05/10/2005 09:53

No it means selling at a VERY big profit ;-)

[ndoody] 05/10/2005 09:49

What is an multi bagger? I guess it means selling at a big profit ;p

[paddyfool] 05/10/2005 09:47

No the rns give little indication though the necessary funding is in place. The answer is soon I think. A succesful senior market launch of PTS will turn this into a multi bagger imho dyor etc.

[sportbilly1976] 05/10/2005 09:42

Paddy - do you have any idea relatingt to timescales about this move?

[paddyfool] 05/10/2005 09:38

PTS is about to move to a more senior market. Expect that to arrive with a major anouncement about contract wins. If they dont do that then the promotion will flop. But if they do..........

[kfp] 05/10/2005 08:50

Being pink sheet they would not be able to dispose of their PTS stake unless there was a willing buyer.
So if PTS stumble that stake could be worth nothing !
Only my thoughts.

[gaybriefs] 05/10/2005 08:34

That Murray affair was a real pain in the posterior for Caplay Im not surprised to see Murray come out of it smiling either as he must have had solid claims as it dragged on too long.Cly can now move on and restore shareholder value that this affair has destroyed.

[sportbilly1976] 05/10/2005 08:30

"Following these transactions, Caplay directly and indirectly owns 7,232,142
shares in PTS, and has options over a further 18,700,000 shares, for a total of
25,932,142 shares in PTS. PTS is a publicly traded company whose shares
currently trade on the Pink Sheets over-the-counter market in the US at around
US$0.80 per share.
The net effect of these transactions is that Caplay has recouped its entire
original investment in Catalyst of C$2.4m, partly in cash, with the balance in
PTS shares, and has retained 25% of Atlantic, which holds the PTS licence for
Canada."

So the shareholding alone is worth $5.785 million (excl the options) and they still have a 25% retained interest!!

[sportbilly1976] 05/10/2005 08:27

using the other thread it gives the mkt cap at £3.67 million based on yesterday's closing price... an absolute steal at these levels !!!

[bbd2] 05/10/2005 08:19

Can someone remind me of our current Market Cap please.

[sportbilly1976] 05/10/2005 08:17

well it certainly looks good news to me - at last they have cleared the Murray affair from their heads, and also got £200k to put back into the P&L....

[bond1] 05/10/2005 07:56

Can't be much downside from here. Clean company at last, with a potential upside of a deal, (remember the same players who got involved with trading sports, now EBT, and Hansard now FAO). We also have the upside of the PVTD stake which could be a winner!

[bbd2] 05/10/2005 07:45

What price did we sell the 5% stake in Atlantic to Catalyst for and who is the owner of Catalyst ?

[bbd2] 05/10/2005 07:42

Caplay PLC ("Caplay")

Sale of Interest in Catalyst Investment Corporation
and
Shareholding in Private Treaty Systems Inc

The board is pleased to announce the following:

Catalyst Investment Corporation ("Catalyst")

Caplay's Canadian subsidiary has agreed to sell its 25% shareholding in Catalyst
to the majority owner of Catalyst for an initial consideration of C$750,000 in
cash plus contingent deferred consideration of up to C$250,000.

The contingent deferred consideration in the Catalyst sale is payable if within
the next year the Catalyst business is sold, or the owner of Catalyst realises
value from its 5% shareholding in Atlantic (see below).

Private Treaty Systems Inc ("PTS")

In addition, a subsidiary of PTS, a company listed on the NASDAQ "pink sheets"
(Ticker: PVTD), granted Caplay's subsidiary, Atlantic Group Holdings Inc.
("Atlantic"), a new 10-year Canadian licence for PTS's securities trading
platform. The platform provides an order book matching system, same day
settlement and account management facilities.

Caplay has now sold a 70% equity interest in Atlantic to Mr Terry Ramsden in
exchange for 2,857,142 shares in PTS, and a 5% equity interest in Atlantic to
the owner of Catalyst. This transaction is a related party transaction due to Mr
Ramsden having been a substantial shareholder in Caplay within the previous
twelve months and therefore, for the purposes of rule 13 of the AIM Rules, a
related party. Accordingly the Directors, having consulted with the Caplay's
nominated adviser, consider that the terms of the transaction are fair and
reasonable insofar as its shareholders are concerned.

It has retained a 25% equity interest in Atlantic.

Following these transactions, Caplay directly and indirectly owns 7,232,142
shares in PTS, and has options over a further 18,700,000 shares, for a total of
25,932,142 shares in PTS. PTS is a publicly traded company whose shares
currently trade on the Pink Sheets over-the-counter market in the US at around
US$0.80 per share.

The net effect of these transactions is that Caplay has recouped its entire
original investment in Catalyst of C$2.4m, partly in cash, with the balance in
PTS shares, and has retained 25% of Atlantic, which holds the PTS licence for
Canada.

[paddyfool] 05/10/2005 07:40

their pvtd stake is worth over £10 million!!!!