Galileo Inn. Share Discussion Threads

[cappagh] 05/6/2003 09:33

Croasdalelfc
Sense-sonic and fluid conditioning web-sites are back.

[jq699108] 04/6/2003 23:17

Intheno,
Can you let us all see the Insider magazine article .

Thanks

[croasdalelfc] 04/6/2003 13:30

I cant get on any of the websites for sense-sonic or fluid conditioning systems??
Can anyone else?

[cappagh] 03/6/2003 13:03

jubjee
See post 1851

[jubjee] 03/6/2003 11:44

cappagh,

which article are you refering to?

[cappagh] 03/6/2003 11:30

A copy of an E-mail that I have sent to
the FSA, which I think, will prove a waste
of time!
Dear sir or madam
Is there any truth in the article below? Mr Davidson is a director in Galileo
who shares have been suspended because there have failed to produce
their results. Thay have also said that they would stop supporting there
investments. After reading the article and being a shareholder of Galileo,
I like many are worried about what has happened to GAI's money and investments.
Will there be an investigation into Galileo, as it appears that the directors have failed to look after their shareholders interests?
Yours faithfully

[cubes101] 02/6/2003 11:16

reproduce it here and save us a few bob - cannot afford it!

[intheno] 02/6/2003 09:48

Buy "The Insider" Damning article on GaI headed "Where has the money gone?"

[nav_mike] 01/6/2003 09:24

Another article on our favourite man of the moment.....

Good to see he's building another empire - on our money though??

[cappagh] 29/5/2003 09:12

This looks like a good time for the
floats. Is there any money left? No
results, so we don't even know where
its gone!
And where have the Brains Trust gone?

[eurofox] 24/5/2003 11:26

with our money - think about it

[fozdad] 24/5/2003 11:16

Couldn't happen to a nicer man!!!

[simonevans] 23/5/2003 22:35

I had assumed, wrongly I guess, that the spread bet had been closed off a long time ago. If he has lost money, justice has been done! How could he possibly claim he meant to place the bet in the aftermarket..what a crook.

[nav_mike] 23/5/2003 20:23

No wonder he's always in Spain.....

[eurofox] 23/5/2003 19:54

Is this where the £5million has gone?

COMPANIES: UK & IRELAND: Plumber loses £5m bet on Cyprotex
By John Kipphoff
Financial Times; May 23, 2003


Paul Davidson, the punter known as the Plumber, yesterday suffered an estimated £5m loss as the controversial bet that buoyed a flotation, and which is now being investigated by the regulatory authorities, was finally unwound.

City Index, the firm that accepted the £5m bet last February, said Intercapital Private Group Limited, its parent, had bought 18.5m shares in Cyprotex from Dresdner Kleinwort Wasserstein.

It is understood to have paid 1p a share.

Dresdner acquired the 20.5 per cent stake in Cyprotex, a drug testing software company, because City Index took out a contract for difference with the bank.

This was City Index's way of hedging its risk from the bet, which stood to make Mr Davidson about £175,000 per 1p rise in the share price of Cyprotex, which was floated at 29p in February 2002.

Cyprotex had planned to come to market via a placing and open offer, but investors appeared to have little appetite in the run-up to the float.

The bet was placed in Mr Davidson's name, before trading commenced, by the broker to the float.

To meet its obligations in hedging the bet for City Index, Dresdner took up 18.5m of the 22.5m shares offered in the flotation, in effect guaranteeing a successful debut for Cyprotex.

The bet later cost broker Nigel Howe, known in the City by his nickname "The Spaniard", his job at Gilbert Eliott, the firm now part of Bridgewell Securities.

Yesterday, City Index said it would "not now accept such a bet", after the introduction of new compliance rules.

Mr Davidson, still Cyprotex's dominant shareholder with 35 per cent, claims he meant to place the bet in the aftermarket. He paid £150,000 for Cyprotex's assets in 2001.

It is thought that he has covered most of City Index's margin call, but that close to £1m may be outstanding.

Cyprotex, whose shares had hit a high of 31½p, closed at 1¾p yesterday.

[cappagh] 22/5/2003 11:11

If they are top of their field,
then GAI would not be in the state
the are in!

[knitcraft] 21/5/2003 20:45

Judgement,

That has to be a wind up ........you cannot be serious surely.

[judgement] 21/5/2003 20:40

I very much doubt they would string things out longer than necessary, while drawing their salaries! That wouldn't be fair to share holders.
If, as you say these people draw large salaries, it must be because they are top of their field, and they will be busy increasing shareholder value.

[cappagh] 21/5/2003 00:42

IMHO the people that are drawing a large
salary will delay this until the cash has
completely run out.