Neteller Share Discussion Threads

[dan1man] 29/6/2007 22:35

thanks Entini

[entini] 29/6/2007 22:33

dan, just posted it for holders info. i don't hold but lost money when the tw@t Frist did what he did. anyway i wish you all luck.Hope you get something back.

[dan1man] 29/6/2007 22:28

Marvelous

Remind me again why is NLR co-operating with these b*stards?

However, if NLR were to stump up the $100m itself and then get on with busniess with this sorry saga behind them would things be that bad?!

[entini] 29/6/2007 22:17

Neteller founder guilty of conspiracy
Date : 29/06/2007 @ 22:05
Source : TFN


Neteller founder guilty of conspiracy

NEW YORK (AP) - The co-founder of Neteller, which processed billions of
dollars in Internet gambling transactions for Americans, pleaded guilty Friday
to a charge of criminal conspiracy.
Stephen Lawrence, whose company, Neteller PLC, was once one of the primary
ways U.S. citizens placed bets with offshore bookies, acknowledged in a federal
courtroom in Manhattan that the operation was illegal.
"I came to understand that providing payment services to online gambling Web
sites serving customers in the United States was wrong," he told the judge.
His lawyers said he was cooperating with U.S. investigators, and had also
agreed to be at least partly responsible for the $100 million the government is
seeking from people who were involved in the operation.
Lawrence and another Neteller director, John David Lefebvre, were arrested
in January as part of a U.S. crackdown on the online gambling industry.
Both men are Canadian citizens. Their company was based in the Isle of Man
and traded on the London Stock Exchange. Some experts had initially believed
that the company's offshore status might put it beyond the reach of U.S. law.
Neteller also wasn't directly involved in either placing or taking bets. It
essentially served as a financial middleman, through which bettors could send
and receive cash from Internet bookies.

[roverisback] 28/6/2007 18:04

13th july is when the supposed ban on using credit cards and neteller type transactions...i don't think it will happen because an injunction is being put forward either tonight or tomoro

[kasman] 28/6/2007 17:47

We're going to be approaching the end of the six month graph soon. The flat line after that is going to look pretty ominous. I suggest we re-list or get rid of the graph. Maybe someone should contact the company.

[stegrego] 28/6/2007 17:46

Whats the betting the company doesnt manage to relist before the 13th and it has to delist...

[dan1man] 28/6/2007 17:39

Yeah like the USAO will make any effort to be done by 13 July

Absolute jooke that the company is co-operating with them, its just one shafting after another.

[wunderkin] 28/6/2007 17:03

NETELLER PLC

Annual audited accounts


Thursday, 28 June 2007 - NETELLER Plc (LSE: NLR), the independent global online
payments business, announced on 4 June 2007 that it was continuing to cooperate
with the investigation being conducted by the United States Attorney's Office
for the Southern District of New York ('USAO'), under the advice of its legal
advisers and in accordance with court orders in the Isle of Man, and that it was
in discussions with the USAO for the purpose of resolving the investigation.
The Company also commented at that time that it had advised the USAO that it
would use its best efforts to resolve the investigation no later than 13 July
2007.

The Company today announces that due to the ongoing investigation by the US
authorities, the annual audited accounts for the year ended 31 December 2006
will not be finalised in time to send to shareholders by 30 June 2007. The
Company can confirm that the outcome of the investigation is the sole matter
delaying the finalisation of the accounts.

Accordingly, the Company will not be able to comply with Rule 19 of the AIM
Rules that requires an AIM company to send its accounts to shareholders not
later than six months after the end of the financial year to which they relate.
Consistent with its advice to the USAO to use its best efforts to resolve the
investigation by no later than 13 July 2007, the Company is doing its utmost to
finalise and post its audited accounts and to announce its full year results for
the period ended 31 December 2006 to the market.

The Company's ordinary shares will continue to be suspended from trading.
Further information will be announced as and when it becomes available.

[shaunoneill29] 28/6/2007 16:35

Not a chance NLR have no idea of how much clients funds they have, if they relist this year 70p.

[don777] 28/6/2007 16:28

relist in the middle of July?

[catandcrow] 26/6/2007 22:59

surely audited accounts are the main barrier to a relist - it must be a going concern signed off by auditors to trade

[kasman] 26/6/2007 13:40

blue payed the rent.

[hylas] 23/6/2007 14:07

Thinks its disgusting that this company has been suspended for so long that no holders have been able to exit and recoup some money.

[polaris] 22/6/2007 09:55

also guarenteed and the roll over has just eaten up some of the capital that remains - ie the lmit is now closer than it was for the June spreadbet. I did have to pay the spread on the new position but that was negligible.

[stewjames] 21/6/2007 20:31

Ah, thought you said it was non-guaranteed maestro. Sounds like Richardsj got burnt (and even if not, that seems a very unfair way of doing it)

[hughest] 21/6/2007 18:00

I guess I should close my account and leave the country sharpish then!

Edit: Damn - not quick enough. SB reinstated as a rollover to Sept.

[roverisback] 21/6/2007 17:01

hughest..they did that with my torex...but rectified it later

[hughest] 21/6/2007 16:58

Weird - my June s/b expired, and they just closed it out at around 175. I'm not quite sure how that worked, but it suits me just fine.

[roverisback] 21/6/2007 11:02

stew..guaranteed so city index pick up the bill...ha,ha