IN House Share Discussion Threads

[cyberpost] 18/7/2008 17:29

so why havent some of those that have bought from Cairns declared their interest ?


Purchase/sale Number of securities Price per unit (Note 5)

Sale 30,350,000 0.12p
Sale 4,100,000 0.13p
Sale 5,500,000 0.135p
Sale 8,600,000 0.135p
Sale 500,000 0.135p
Sale 3,400,000 0.14p
Sale 5,280,000 0.135p
Sale 4,600,000 0.135p
Sale 16,480,000 0.115p
Sale 3,100,000 0.135p
Sale 1,420,000 0.135p

[cyberpost] 16/7/2008 16:17

sofa spud, I quite agree. Even incompetant people arent necessary underhanded and deceiptful. The shananigans that have gone on here isnt classed as just incompetant, but downright underhanded and illicit IMO.

[sofa spud] 16/7/2008 16:00

When I was questioning the wisdom of this company over the last few months I was thinking they were just incompetent. What people are saying here now makes me think it's worse.

[keepitup] 16/7/2008 11:01

Crooks like the people running this company make the LSE look awful, does nothing for the city's image and puts potential shareholders off investing at all. If the LSE and FSA are happy with that then thats there downfall.
Im just happy im 100% cash :) with no intention of dealing in the LSE. Spreadbetting yes, shares no no.

[rbonnier] 16/7/2008 09:40

I said existing shareholders would be wiped out and thats exactly whats happening.IMHO the company will issue millions more shares and warrants and then when it is fully financed do a share consolidation of say 1000 old shares for every 1 new share and then off it goes again placing shares and issuing warrants sorry guys Ive seen it all before.Shareholders should take what they can whilst there is still something there.

No Advice Intended

[waynerwayner] 16/7/2008 09:18

Some boards behaviour (in AIM at least) is certainly border line criminal, problem is no-one ever gets prosecuted for anything, so they just carry on their activities without concern.

[alibongo612] 16/7/2008 09:12

I don't think these people should be involved in public cos

[waynerwayner] 16/7/2008 09:06

Thats novel, the price dropping on a buy... heh

[realcooltrader] 15/7/2008 17:36

Agree it all stinks. But, as cyberpost and I have both asked, who is the 'gullible' person buying the large quantities of Shekel shares?

[rbonnier] 15/7/2008 17:24

Yes exactly another NLX .Its not the companies fault but the people behind the warrants and the bid that look to be out to make a very fast buck.The company is literally on its knees so in just desperation has accepted these amounts of money for working capital with highly punitive terms as far as shareholders are concerned in the form of warrants ,this of course although very bad news for shareholders is ok.Whats not ok is what happens next ie a bid is announced from a third party that inflates the price the warrants converted and then sold to the gullible who wont have a cat in hells chance of seeing their money again for a very long time if at all.

[gluefactory] 15/7/2008 17:18

This is just another NLX in a different name.Both share(d) the same address.Out wlile you can with whatever you can get

[rbonnier] 15/7/2008 17:15

They are selling them to the people who bought last week pliver chambers and pilley .The fsa or serious fraud office should look at this .I doubt very much imho that there will be a bid just a way of getting the share price up to make a huge killing off the warrants thats what I think and its imvho.

[cyberpost] 15/7/2008 16:10

this smells like another sam kahn type exercise. Issue truck loads of shares at a discount to the market price to some unknown outfit, then 'pretend' that that there has been an approach, the share price rises, and then flog the issued shares to unwarey 'investors' with promises of mega riches ala NLX.

[cyberpost] 15/7/2008 16:06

who the hell are Shekel selling them to ?

[waynerwayner] 15/7/2008 16:04

Heh, now 1 billion+ shares in issue...

[deanroberthunt] 15/7/2008 12:17

Not that this was nailed on or owt.....lol

[clarendon] 15/7/2008 11:59

What a stitch up - glad I got out with at least something!

[sofa spud] 15/7/2008 09:08

Is this what is known as financial restructuring?

[wiganer] 15/7/2008 08:36

Stakebuilding by the head of the Typhonian OTO?

[clarendon] 15/7/2008 08:16

£25k for working capital - this smacks of desperate people!

[waynerwayner] 15/7/2008 08:09

Thats it for me, this is a farce, loan notes being thrown out all over the place for capital...

[waynerwayner] 15/7/2008 08:07

For Immediate Release 14 July 2008

IN HOUSE GROUP PLC ("In House" or the "Company")

ISSUE OF SHARES

The Company announces that it has issued 83,333,333 ordinary shares to Cairns
Investment Holdings Limited on conversion of a loan provided for working
capital purposes. The price is based on a formula provided for in the
convertible loan agreement and equates to 0.03p.

The Company has been informed by Cairns Investment Holdings Limited that it has
sold these shares and thus still does not have a notifiable interest in the
company.

The Company was also informed on 14 July 2008 that Shekel Limited ("Shekel")
has exercised 120,000,000 warrants at 0.0376p per share and is therefore
issuing this number of ordinary shares to Shekel. The Company has been informed
by Shekel that it has sold these shares and thus still does not have a
notifiable interest in the company.

The 203,333,333 new ordinary shares, which will rank pari passu with the
existing ordinary shares, have been issued and trading on AIM is expected to
commence on 21 July 2008. As a result the Company's issued share capital will
be 981,901,684 ordinary shares.

In addition, the Company obtained a convertible loan for £25,000 from UEB
Limited on 26 June 2008 for working capital purposes. This is exercisable
solely at the Company's discretion and at a 50% discount to the average mid
market price over the previous 30 days.

[clarendon] 14/7/2008 13:15

First time for everything!!