IN House Share Discussion Threads

[waynerwayner] 06/11/2008 07:53

Sadly, 1.7 billion ISC is only the beginning, they are authorised to issue a total of just over 839 billion shares... and I fully expect them to work their asses of making sure they issue as many of them as possible for "working capital" purposes for the next 2 or 3 years, but never actually make any money for shareholders... or rather shareholder (being me).

I have been trying to sell my holding for a week, in various size blocks, and cant, even when I am willing to accept 50% of the current bid for them, the market doesn't want them from normal shareholders, yet I see big trades going through everyday... the PI getting shafted again...

[man overbored] 05/11/2008 19:51

As ever, interesting semantics in today's release. Of course, shares cannot have been issued to Mufid & Co, and so to whom were they issued, in settlement of the commission due to Mufid & Co.?

My own thoughts are that the boiler-room(s)/ bucket-shop(s) intend offloading overseas. Spain or Israel seem, to me, likely to feature in some way :-)

[dorset64] 05/11/2008 19:22

'As a result the Company's issued share capital will be 1,733,181,208 ordinary shares'.


Its got to the point now that even a standard calculator does not have enough digits on it to work out the entire share capitol.

One crazy crazy world out there.

[waynerwayner] 05/11/2008 18:40

For Immediate Release 5 November 2008

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

ISSUE OF SHARES

In House Group plc announces its subsidiary, In House Estates Limited has
signed an agreement with Primegold Properties Limited to manage its 12
residential properties in Lancashire.

The company announces that it has issued 3,125,000 ordinary shares of 0.001p at
a price of 0.08p per share in settlement of a £2,500 introductory commission to
Mufid & Co.

Application has been made for the 3,125,000 new ordinary shares, which will
rank pari passu with the existing ordinary shares, to be admitted to trading on
AIM and trading is expected to commence on 12 November 2008. As a result the
Company's issued share capital will be 1,733,181,208 ordinary shares.

[f 10] 05/11/2008 12:28

Salary :

Cassidy £60k
Hollows : £42k
Meddings : £20k

[f 10] 05/11/2008 12:25

He has more than recouped that amount in salary - at the expense of shareholder value destruction.

Cassidy and co knew full well what would be happening. I bet he had this planned out ages ago. Its run of the mill stuff for such diretors.

[f 10] 05/11/2008 11:58

dont struggle to believe.... they find them all right - they have a list of all the best targets. Its fact - it happens.

Its happening, has been happening.... just because you cant envisage it... doesnt mean it doesnt happen.

so many stories out there of bolier rooms taking people for a ride...some losing £200k.

think about it.... with all those 100s of millions shares issued to just ONE outfit.... have you seen a holding RNS ? where have the shares gone ?

And do you really think the people who give ihgp money are doing it as an investment in the company ? its a typical boiler room exercise.

Remember CityEquities ?.... have you never had them calling you flogging shares which a company has placed with them.... and for them to flog them to punters ?

Dont remain naive for long wayne, the AIM will eat you alive if you think everyone's as innocent as you.

[waynerwayner] 05/11/2008 11:49

F10, I get it yes, and yours and everyone elses answers are always appreciated.

I struggle to believe they can find enough punters to sell hundreds of millions of shares to, hence why I find it a strange decision they offer these convertible loans to IHGP. That was my point.

[f 10] 05/11/2008 11:13

wayne

do you actually read the posts on here that people take time out to respond to your questions ?

you asking the question :

I just cant understand why these other companies keep giving the them convertible loans, why give a company like IHGP £500k, how the hell do they expect to recoup that level of cash out of this? I guess I know the answer to this question but its still a risk for them at that level.

when this has been discussed time and time again. Its been the central theme of discussion yet you are asking it again.

Look, the guys who are giving this money, are going to get repaid in shares.. do you get that bit ?

those shares will be @ c.65% discount to the then bid price - do you get that ?

so if the bid price is 0.03p..... they get a load of shares at around 0.01p - do you get that ?

these guys then flog those same shares to naive punters at 0.05p.. do you get that bit ?

so getting £500k worth of shares at 0.01p.... they will have flogged to mr muggins for 0.05p...... now calculate the profit.. that's how they have made money from 'lending' money to cassidy and co.

comprehend now ?

[waynerwayner] 05/11/2008 11:04

The whole thing does seem pathetic.

They aren't making enough money to tick over so have to constantly draw down on the convertibles, and they somehow have now managed to get two more of these for £500k each, so it will be another 12-18 months of continuous draw downs against these loans just to keep operating, resulting in probably still no profit, and an ISC of somewhere around 5-10 billion shares.

I just cant understand why these other companies keep giving the them convertible loans, why give a company like IHGP £500k, how the hell do they expect to recoup that level of cash out of this? I guess I know the answer to this question but its still a risk for them at that level.

And when do IHGP expect to make a profit? It seems they wont be in a position to do so for at least a year or two, and will survive on continuous draw downs... I hope this goes to the wall as soon as possible, I hold here, but my holding is being halved every few months, and what I do hold I cant sell anyway... what a shambles this share has turned out to be.

[alibongo612] 05/11/2008 09:40

But IHGP hasn't got any money to do anything at all.

[f 10] 04/11/2008 21:47

Cassidy would most definitely.......... lose his hair gel allowance.

[sleepy] 04/11/2008 21:45

Do the Directors of London Stock Exchange Group plc yet know what is going on here? What would their liability be if they were found to be facilitating it?

[f 10] 04/11/2008 21:31

Talking about 'periods'..... i bet Cassidy has 'em.... his bled the company to death...

[esrimeur] 04/11/2008 21:19

This company is insolvent by any conventional measure. Period.

Sue me.

[wiganer] 04/11/2008 20:31

Re post 2787/2788:

[waynerwayner] 04/11/2008 11:21

Jak, no-one, sadly I make my investment decisions - which are usually wrong, this one was a few years ago (along with PTC) when I was new to the game, not sure I am any smarter now but I certainly wont be buying anything like this again so I guess I have learned something...

F10, be careful of your choice of words, certain people are getting touchy about some of the comments made on this board...