Independent Research Share Discussion Threads

[gimme sunshine] 02/10/2008 08:09

hi all

any more news on whether there will be a trading platform after we delist

good luck

[fatso] 01/10/2008 16:20

well chaps, I moved the price!
Is there a cure for Delusions of Grandeur?

[fft] 01/10/2008 15:15

does seem worth a punt at 1p. even assuming it is just run for the benefit of a certain individual it could potentially be a high yielder - or refloated / sold on in 5-10 years for a nice return.

Definitely one to put in the bottom drawer.

[scrapheap] 01/10/2008 14:51

the 10k trade sees us back where we were y'day with a big spread 0.5p / 2p.

One last time we feature on the big gainers list.....

[fatso] 01/10/2008 12:59

Thanks, I thought that when the Old Smithy decides to pay that 1p dividend,
then I might blow it on travel to Mumbay and that 100 quid would pay for
a mighty blow out in some good restaurant over there.
I would expect the sitar player to serenade me, belly dancing beauties to wet my appetite and a great meal.

[james 2] 01/10/2008 12:42

Good luck fatso, I can't see why anyone would dream of selling for the sake of £50 but you never know your luck.

[fatso] 01/10/2008 11:53

I have just placed conditional order: top me up
with 10K sold by some doubting Thomas yesterday
at 0.5p. He got his fifty quid and may enjoy KFC with his family
feasting on it + some beer to drown his sorrow in.
I am willing to risk much more, in fact 1p a share to average down.
MM should appreciate my business. I might be the last buyer
of IIR after all.

[james 2] 01/10/2008 10:55

If you mean me bsg unfortuntely my "top ups" were May - July just before suspension, like alot of others the current markets are leaving the cupboard rather bare.

Valued at £200k I would love more time to get some funds together & buy for the LT - google gave us more than the market cap in cash just a few weeks ago !!!

[james 2] 01/10/2008 09:19

Incidentally fantastic news regarding the PSQ deal with LSE & kicking off with research on the first company this week.

[james 2] 01/10/2008 09:17

Their salaries are very reasonable imo. who's do you think is excessive & why do you think they converted their previously unpaid salaries into shares at 50p ?

The 398k share based adjustment is for options exercisable between 8.75p - 19p and as I am sure you know mostly for the benefit of the team in Mumbai rather than directors [I think the new director options are those with the 19p strike price].

Also the Directors options [CSOP] you mention between 1p - 8p are for a pittance & set when the price was down below 8p, the main beneficiary of these options is karen Griffiths who heads up the pronet team & set up the company with Smith......her salary is a mere £34k !

The average cost per employee including share based payments is £18k.

I would say they are looking after the interest of the company for all shareholders.

[fin man] 01/10/2008 08:16

James - regarding the facts

Directors emoluments were £237k + £398k Share based payments = £635k in a company earning £1.8m revenue ie One third of turnover !!!

Director options are live in the 1p to 8p band.

Whose interest do you think they're looking after ?

[scrapheap] 30/9/2008 17:07

amended RNS - this was a useful paragraph...

'I was pleased to report this summer on a 77 per cent. increase in revenues as
well as the impending launch of PSQ Analytics, our collaboration with London
Stock Exchange to provide research coverage of Smaller Quoted Companies. I am
pleased to report that research work on the first company, under a pilot
scheme, begins this week.

[joe say] 29/9/2008 18:40

Fatso - Don't worry about the non-dilution. The directors will be able to make it all good through salaries.

[fatso] 29/9/2008 12:12

Did not feel like going there with results the foregone conclusions.
Now I find it a good omen that the resolution allowing
Directors to dilute us out of sight has been defeated.
Rather then issuing shares for cash the Directors should concentrate now
upon how to sell us for the top dollar to interested parties.

[scrapheap] 29/9/2008 11:58

They lost one of the votes but we delist anyway as expected.

At the Annual General
Meeting, all the resolutions other than the resolution granting the directors
the authority to issue shares for cash on a non-preemptive basis, were duly
passed. Accordingly, following the passing of the de-listing resolution,
admission of the shares of the Company to trading on AIM are expected to be
cancelled with effect from 7.00 a.m. on 7 October 2008.

[scrapheap] 29/9/2008 11:55

I've had this RNS alert from hem(s)cott but it's not on here yet? FYI therefore

29 September 2008

Independent International Investment Research Plc

('the Company' or 'the Group')

Result of AGM, AGM statement and delisting from AIM

At the Annual General Meeting held earlier today, the Chairman made the
following statement:

'I am now pleased to report that our GEO Monitor service, providing research on
global IPOs, went live as a web-based service last week. However as noted
previously in my Chairman's statement, we have launched this service against
the challenging backdrop of a slow-down in global IPO activity and sales are
unlikely to be meaningful until an upturn in this cycle.

For the first half of the current financial year, in spite of distractions and
the loss of business from Bear Stearns, revenues have been maintained in line
with the same period last year. For the second half, before making any
adjustment to accommodate the potential loss of revenues from Lehman, revenues
are expected to be slightly improved compared to the same period last year. As
yet I am unable to provide any further clarity with regard to Lehman and I am
spending the remainder of this week with our US clients, in order to better
assess the situation generally.

Whilst the situation undoubtedly presents some short term challenges, for the
longer term two high-level observations suggest that opportunities for
independent research, already strong, will become yet stronger. First, there
will be a continued requirement from investors for research; and second,
continuing a long term trend, investment banks will be both less willing and
less able to fund this research. These factors play to IIR's strengths. IIR
is pioneering two alternative commercial models for the creation of research -
the intermediated research model (exemplified by PSQ Analytics) whereby the
issuer company pays for the creation of objective, independent research; and
the Research Oracle model, whereby advertisers rather than issuers, investment
bank or consumers, pay for the research.

Further updates on the progress of these and other initiatives will be provided
to shareholders in due course, at our website at www.iirgroup.com where
shareholder can also register to receive company news when published.'

As previously indicated, Albert Maasland resigned as a director of the Company
immediately following the Annual General Meeting. At the Annual General
Meeting, all the resolutions other than the resolution granting the directors
the authority to issue shares for cash on a non-preemptive basis, were duly
passed. Accordingly, following the passing of the de-listing resolution,
admission of the shares of the Company to trading on AIM are expected to be
cancelled with effect from 7.00 a.m. on 7 October 2008.

For further information please contact:

Shane Smith, Chairman and CEO, [e-mail] [phone]
Independent International
Investment Research PLC

David Worlidge/John East, [phone]

John East & Partners Limited

[james 2] 29/9/2008 11:04

AGM today isn't it, anyone go ? I had my questions answeared so hadn't posted any up over the weekend.

cheers

[scrapheap] 23/9/2008 10:56

I doubt we did anything for Bar Cap as they were fixed interest not equity (hence the attractions of this purchase for them) so shouldn't be an overlap problem either.

[scrapheap] 22/9/2008 20:54

I've got a business trip tup north that day now and can't get out of it so I'm not even going to the AGM - really frustrating as whilst I've now swung round to support this move to delist I do have lots of questions and would like to get a 'feel' for SS et al as to how they see the next year or two for my investent.

It's a poor show by me given I've put so much in to this company but to be honest, it's now written down in my book to worthless so I have little expectations for the future but a little hope I'll get some payback eventually...

If anyone does go, I'll be happy to post up my Q's to raise if they agree with any of them?

The info re Lehman and whether the Barclays news is good or not is clearly something we'd want to know asap

[fatso] 18/9/2008 11:41

he he he -wishful thinking
17.2 in fact