Infonic Share Discussion Threads

[broomsticks] 29/1/2009 15:17

Joe,

If I can trace names and the people behind them to a boiler room in Laos why with all the resources at their command, can't the authorities?

aimo,dyor

[joestraughan] 29/1/2009 14:55

What about their stake in ifnc - presumably this has still not been resolved? Absolutely laughable punishment?!!! Steal a loaf of bread, you're in trouble - scam millions through pump and dump, you're laughing all the way to the bank!!

[broomsticks] 29/1/2009 14:09

"The FSA also found that Griggs and Weston had "misled" it about the fact that two other people, whom the regulator did not name and who were involved in offshore boiler rooms, also had some involvement in running PCS."

Who are these two people and why has the regulator not named them?
aimo,dyor

[joestraughan] 29/1/2009 11:02

I think a slap on the wrist also for companies that don't communicate with their shareholders! I just hope they don't have to give too much of the business away to save it - assuming it's still worth saving?

[h101] 29/1/2009 08:00

A slap on the wrist to people who probably made many times that out of their activities. They should be given custodial sentences as a deterrent. The cumulative effect of their activities, on many shareholders, is dreadful.

[joestraughan] 28/1/2009 21:39

H101 - yes - AIM does have a strong whiff about it! It's hard to believe that meldex was the busiest thread for ages here and now it is for all the wrong reasons! Sadly, I guess this is just the start of it and the SFO will be busy for years sorting out the carnage left behind! The way things are going, we'll all end up just trading bank stocks or working for tesco!

[h101] 28/1/2009 21:33

Meldex ex-directors also ought to be getting very nervous. And so should their accountants and Nomads. And so should the AIM regulators - AIM probably had a poor reputation with institutions and then private investors - how long before the general public start getting fed with horror stories from the press?

[joestraughan] 28/1/2009 21:29

Still no reply (didn't have access to e-mail during day -which is pretty stupid considering I invest in a mobile comms company!).

Still, let's hope we hear something this week! That Langbar case is getting interesting (hopefully something can be salvaged there)- I see some of their directors? are in Spain. Let's hope ifnc's directors aren't there with them!!!!!

[joestraughan] 28/1/2009 12:15

H101 - well done - I just wonder if lexalytics inc will have filed for chapter 11 creditor protection in the US?

[h101] 28/1/2009 11:52

Got a reply on my Lexalytics blog entry
(

Thanks for your comments. You raise good points, though I can only speak from the Lexalytics point of view. At Lexalytics, much of our focus is in the area of sentiment analysis for reputation management and understanding the voice of the customer. In this regard, you highlight another very important customer, the investor.

And although there has been more growth and uptake recently in the blogging and micro-blogging mediums, bulletin boards remain another vital outlet through which the voice of the customer can be heard. You're right in that the content gathered from the bulletin boards often ranges to the two extremes of the satisfaction spectrum, that is where the sentiment analysis needs to be backed up by good public relations to assess and act on what your sentiment analysis is telling you.

Thanks again for the feedback!

[joestraughan] 28/1/2009 10:11

Yes - but no one available! Although no news may be good news?

I guess the possibilities are sale, private equity investment/takeover, placing (unlikely?), merger with stronger player or administration ?

[h101] 28/1/2009 07:52

I'm not surprised at no email reply joe - same here. Did you try to phone them again?

[joestraughan] 26/1/2009 17:18

retford1 - lol! I've sent an e-mail to the company secretary to see if they have any news - but I guess they might be restricted from making any announcements until they know if or when they can get any finance. Fingers crossed!!

[retford1] 26/1/2009 17:14

I've been in the foetal position since Friday, getting cramp!

[joestraughan] 26/1/2009 11:58

Just tried phoning the company - couldn't get through to the company secretary -will try again later - I guess he's busy! Anybody else had any luck?

When I look at the potential of this company - I want it to succeed!

[joestraughan] 24/1/2009 14:18

I guess we're all feeling sore? But I guess that unless they're thrown a lifeline over the next few days, then they're heading for administration? All I can say is "cometh the hour, cometh the man!" Come on MT, salvage your reputation, and save this business!

[barnesian] 23/1/2009 20:48

Really sorry for the multiple posts! My machine froze and I kept clicking and then turned it off.

Wolf-Top You are right. No customer would pay cash up front for licences unless they had a cast iron guarantee that they would get services and support going forward. My scenarios don't work.

Not much hope here I'm afraid unless an auction takes place for the business that exceeds the creditors by a good margin.

[broomsticks] 23/1/2009 19:05

Hi Volvo,

I don't believe that "everyone" on here has lost their money, there is at least one poster who imo knows far more than they are saying but what this poster has revealed is very interesting in that is either misleading or is unlikely to have been in the public domain.

aimo,dyor.

[volvo] 23/1/2009 18:38

Everyone here has lost their money.

Fact end of story.

Look at the recent attempt to get the share price up with new none existant orders.

Mark Thompson has been taking 192k per year every year with bonus.

Thanks very much, no orders no money because the staff have been taking it.

Sorry for all concerned

[barnesian] 23/1/2009 17:41

The crunch, if it comes, will not be an auditors qualification on going concern. It will be much crunchier than that. One month-end, the bank will refuse to pay the staff salaries unless directors give personal guarantees - "if you are so confident that these contracts will come in, put your money where your mouth is". Or other creditors (advisors, landlord etc) simply put it into administration because they haven't been paid.

I'm guessing that the management are looking for a large licence contract with the money up front and the service part following on behind in cash terms in the normal way. It will be the upfront payment that matters. Let's hope they succeed.

[joestraughan] 23/1/2009 17:10

Lexalytics might look to de-merge from infonic (as no cash was involved) and go it alone as before? Although I guess they're in the same boat?! The possible lenders might force them to sell parts off?

Still, bad day at the office! As Warren Buffet would say - only invest in a company where you have faith in the integrity of the management - it's going to be a hard lesson!