Eg Solutions Share Discussion Threads

[htrocka] 15/4/2005 19:14

....the fact that they have not answered your question.....speaks for its`self.


p.s..Looks as if we got nothing for our £30,000 ESAG contributions iether.

[pwal] 13/4/2005 10:15

What are ESAG doing now? Is it all over or are they still fighting the cause?

[finmac] 03/4/2005 00:49

Good evening folks,
You will never beat the system, it's to big, The banks have the money to beat you every time
Regards
Finmac

[htrocka] 30/3/2005 07:31

Looks as if Eurotunnel, with some £6bn of debt, are to be given the `Energis` solution...namely that the creditors have threatened to take the company over...to be continued.

[htrocka] 20/3/2005 09:25

...I also noticed, from todays Telegraph, that WORLDCOM directors have been made personaly responsible for the demise of the company...and have been ordered by the courts to compensate its shareholders from personal funds to the tune of $20.5m. The accountabilty of directors towards its shareholders in the American model is light years ahead of our system.In this country, when the vultures start circleing, it`s a case of directors washing their hands and walking away scott free to pastures green, ie, from Energis to Cheyls...probably sitting in the same chair/office with no material change except for a name, leaving the shareholder, the owner of the previous company, to take the losses sustained by the actions of the said company directors.

[htrocka] 19/3/2005 11:18

I remeber the Ashtead Group case...the shares, as in the Energis scenario, had dropped from the £3+ mark to below 2p. A `black hole` had appeared in the accounts of an American subsiduary. The case was resolved through the American courts ....this was last year. The shares are now back to over £1.00...Rentokil bought a `traunch` and became a major shareholder just prior the `black hole` discovery...at £1.50p each. Had the case been heard in Britain....Ashtead would have been stripped by it`s creditors and laid to rest.....with further heads rolling at Rentokil, however, through the American system....everyone came out winners.

p.s Many Ashtead employees bought shares at 2p...having already signed up to the SAYE scheme for £1.00. (I bought 150,000 at 7p))

[gerry2] 18/3/2005 20:39

Thought I would share this recent Story With you all :-





From that Link :-

"The old shareholders in Marconi, British Energy and Energis know to their cost what this can mean in practice. In each case, the business survived and now looks in reasonable shape. In each case, the shareholders effectively lost the business to the lenders, who have since done very well.

Had any of these companies been in similar straits in America, they would probably still be owned by the shareholders today (see story below). Chapter 11 represents a different philosophy: in Britain, the lender has a grip on the windpipe of a company in default. In America, the executives can concentrate on doing their best to save it, while inviting the lenders to form an orderly queue. "

[finmac] 09/3/2005 16:42

Energis came back on my screen folks. great news now I can keep track of my large investment in the company
Regards
Finmac

[htrocka] 05/3/2005 08:26

Does any one know when the next set of results are due...? thanks in advance.The reason I ask is because all the Telco`s are still finding it hard to break throught to profitability...that includes companies such as Thus and Colt, who were expected to `break through` in 2004...but are still playing `catch-up`. The inference being that the Telco sector generaly is going through a cycle of which we are at about the 65% revolutions complete stage.In a couple of years time,when we go through the 6000 barrier, Telco`s will again come into their own and be the `darling` sector of the stock exchange.

[finmac] 05/3/2005 00:27

ADFN,
Why has Energis disapeared from my portfolio on ADFN
Regards
Finmac

[gerry2] 01/3/2005 11:23

The King of The Wraith has shown up!

[shirishg] 28/2/2005 23:01

Post removed by ADVFN

[finmac] 28/2/2005 22:50

Jacknife
Just as a matter of interest why do you post here? I lost 27K in Energis and started this thread, and even I don't post here very often. I have written Energis off and moved on, why can't you.I some times think that you may be the other personallity that dwelt in Ravens mind, no offence intended
Regards
Finmac

[gerry2] 28/2/2005 21:03

I HATE BANKS THEY DONT MAKE ONE BRASS WASHER BUT LOOK AT THIS :-

[htrocka] 27/2/2005 17:03

I`ll try and re-phrase the question...do you think it`s right that the directors of Cheyls, who have failed to meet the `seven year` expectaion of realising a capilalisation in excess of £1,8bn, are now selling the company, making millions of pounds for themselves. Whereas the original Energis shareholder receives nothing.....The way I see it is that the banks extended the £150m `loan`...but through a new management team and merely re named the company...it was business as usual. If you now tell me that the creditors needed appeaseing, hence given control of Energis....lets see how Cheyls handles Eliot, the asset stripping hedge fund....the boot is now on the other foot.With Eliot buying up as much of cheyls debt as possible, Eliot have become to Cheyls what Cheyls were to Energis.....However the difference between Cheyls and Energis is that Cheyls have agreed with their creditors to `head for the exit door` as quickly as possible, before they themselves get taken over as opposed selling the company....That opportunity was never given to Energis. ( the question is in the first four and a half lines.)

[htrocka] 26/2/2005 21:19

jacknife....you`ve still not answered the question.... It is on record that Archie Norman would have made £250m personaly if the £1.8bln target had been reached.Therefore on a `pro rata`basis he walks away with a poultry £100+million.......what do we get out of this...?....I do`nt see Archie walking away with nothing....and to be honest....he`s a very clever person because........the hedge fund strippers are closing the net......and Cheyls will soon be in the same boat as Energis was.....and nothing will stop them closing Cheyls down...this would be the most honourable and just exit for all concerned.

[wayneb] 26/2/2005 09:48

Plus they will get the 500 million from ISION if they win the case against Falk,so 800 million plus the 500 is 1.2 billion so in fact they will make a tidy profit on there investment.

[htrocka] 26/2/2005 07:16

During the `Glazier` attempt to take over Manchester United, the leagl team reminded the board that their resposibility lies with the company and not the shareholders,hence the direction taken by the Energis management to go down the Cheyls route which would be to the benefit of the company and therefore not to liquidate the company......however the boot appears to be on the other foot now. Archie Norman and other parties are to walk away with mult-million pound payouts...and you say they had debts of £1.8bln?...so in fact the company is now to be sold purely for the benefit of of it`s fat cat shareholders...with debt still on the books. Certain Directors of Cheyls are on record as saying that `they want out`...so explain what has changed...?The Energis shareholder has had his/her rights appropriated so that the usurper shareholders can make millions at the expense of the true and original shareholder?...do you think this is just?.The present management, having failed to reach the £1.8bln target, are `throwing the towel` in and are to walk away with millions of pounds in their pockets...do`nt you think that the Energis shareholder, who under the original administration order and are still classified as `stakeholders`,therfore maintain some form of rights who would have had a return had the excess £1.8bln number been reached...should have a percentage of return of the sale ?....I do.

[htrocka] 25/2/2005 19:12

My personal belief is that the £1.8 bln `target` should be challenged by the ESAG.It is immoral that the banks and creditors should make in excess of 400% profit on their £150m `Investment`....leaving the Energis shareholder....with nothing.