Infonic Share Discussion Threads

[ric_ola] 27/2/2009 11:54

Hmm - directors getting twitchy... see Lakehouse website.

[bigwind] 26/2/2009 16:20

Old Infonic web site pages are cached here:-

[joestraughan] 26/2/2009 15:02

I see invuu - doc mgt company is struggling - I wonder if it might do something similar to infonic?

[joestraughan] 25/2/2009 11:26

broomsticks - well done for that - seems there is much still to be unearthed here!

[borsya] 25/2/2009 09:45

"In retrospect, I didn't dig deeply enough last July. I missed signals of impending trouble. On February 3, I found an Infonic page (no longer on-line, but cached by Google), a press release stating "Interim results for half year to 30 June 2008 report 42.5% revenue increase." Following a link, you get a report (that is still on-line) with stats that seem to include Lexalytics revenues even though the Lexalytics merger wasn't announced until July 28, 2008, after the close of 2008 1H, and didn't close until December 1, 2008."

[pabloscaramanga] 25/2/2009 09:03

great article broomsticks - how did they close the acquisition and go bust within 2 months? too right shareholders are up in arms and lawsuits likely imho.

i have lost my money but i want to know how and i want to know whether the administration was premeditated

[lemsoft] 19/2/2009 19:07

Posted by another member (unconfirmed)

Just spoke to the Administrators - they confirm the 2 directors mentioned in their letter are connected to the purchaser of Infonic.

They have 6 months to investigate any issues and report to the DTI.

[broomsticks] 19/2/2009 18:23

There has been a couple of recent write-ups about Infonic both of them marketing blurb imo, and neither of them mention MT. I am not going to post the write-ups or give a url because I refuse to provide this type of publicity for this company.

Finance:
Jason Staats
Richard Jennings
Marie Kluth
Jeremy Fletcher
Matthew Bagley

aimo,dyor

[joestraughan] 19/2/2009 16:42

From the lexalytics blog - the writer works for them - extremely ironic how it fits this company!!!

I hate my job!
posted by: Christine Sierra


February 6th, 2009 · 1 Comment
Got your attention, didn't it? It's not true. In fact, I love my job. Smart colleagues. Fantastic software and technology. Fun industry. Great customers. And if you ask me, I'll tell you that. But not all employees are as happy as me with their leaders. I'd never even heard of JobVent until this morning. Isn't that what husbands are for?

I found it because of this: Executives Increasingly Aware of Online Reputation Management and thought "Finally!"

We've had Execdex floating around as our demo site for a while now, simply because we knew that C-level executives would have to answer some tough questions. Can you say salary cap?

It just goes to prove that reputation management isn't always about whether someone is happy with your latest gadget or customer service techniques; it goes straight to the top and whether your employees and customers are happy with who is running your company. These days, many are asking questions like, do I have faith this CEO can navigate this unruly economic crisis? Are they respected by their peers? Will they be running the company into bankruptcy in 6 months?

I expect more of this "awareness" in 2009, if not panic, among executives. Be aware, be very aware...

[lemsoft] 19/2/2009 16:17

"In my experience advfn boards rarely if ever get closed."

Unless

its about advfn :-)

[joestraughan] 19/2/2009 15:40

egoi - I'm not sure - I just recall seeing it copied from the iii thread - it might just add to a case for the regulator? Will try to dig more when I have time - broomsticks might have more details.

PS I haven't had time to check the other "shareholder" thread - but this is one of those cases where one can't let go! Interesting how the lawyer and accountant got out quickly!

[egoi] 19/2/2009 15:26

Intco if you really do have something to say, then you might as well post it here imho, as it will probably come out anyway at some stage! In my experience advfn boards rarely if ever get closed.

Joe what is the auditor history?

[joestraughan] 19/2/2009 14:45

I recall that iii site mentioned 4 different auditors over the past 5 years - that was surely a warning sign (I for one missed it) but some people know alot more than others!!

[intco] 18/2/2009 20:06

Never mind egoi, I did post the relevent information on the ample site, which was promptly closed down. I was mearly checking to see if the advfn site would be closed down as quickly.

[lemsoft] 17/2/2009 19:37

Additional Info in the Public Domain

I, and I presume others, will have received today a letter from Shipleys entitled Infonic PLC - In Administration dated 13th Feb.
Key points from his letter appear to be:

1. He was approached at some point prior to 22 January to review the company's financial position at the invitation of the Company's Accountants.

2.The financial position of the company was such that the company had no funds to pay salaries/wages at the end of January.It was operating at the limit of it's overdraft facility.

3.Mazers were instructed , prior to the appointment of the admintrators, to value the business and it's assets.

4.Interest had been shown by a number of parties in acquiring the business from the admininistrator.

5.The administrator held discussions with the major creditors - Coutts & Co & Yorkville - and the two debenture holders (?) and agreed that a sale was agreed to Lake House Capital on 4th February and completed on 10th February 2009.

6.The terms of the sale are summarised as :

a. A sum of £3,500,000 will be paid for the business and assets with £2,600,000 being paid on completion and £900,000 due 28 days after completion.

b.Personal guarantees have been obtained from ,Mark Thompson and Daniel Thomas Wajzner, to secure the consideration.

c. Mark Thompson and Daniel Wajzner are also part of the Board of Directors of Infonic PLC.

etc.etc.

Draw your own conclusions !

[egoi] 17/2/2009 14:26

Bit of guessy googling brought up:



Which links to here; from the website comments apparently US based as far as I can see:


Could they have set up a Jersey based company?

Anyway here's Lake Capital's management. (Not necessarily linked to lake House Capital or Infonic in any way).


Another longshot probably!!

PS: broom we should all be on the same side here! -;)

[broomsticks] 17/2/2009 11:31

Ah, but a teacher is not always the fount of all knowledge neither is he/she always completely in control of the classroom.

If this has become a police matter then indeed I wish you and Intco well. I will sit on the sidelines and reflect. :-7

aimo,dyor

[broomsticks] 17/2/2009 10:36

Genuine queston egoi,

Have you through your area of work ever come into contact with anyone employed by Corpora/Infonic?

H101 I agree with your post 1374.