Overnet Data Share Discussion Threads

[mclellan] 17/2/2004 22:52

Hi,dell- I didn't pick these shares because they are ramped. I hate the ramping thing. Look at the AFD thread in you want to see almost maniacal opinions. I used to look at teletext a lot and watched what was moving. NBT I bought a few months ago at 62p and it promptly went down.I am just holding them for a while- not many of them . OST has actually doubled in the short time that I have had it but I know these things are all very volatile. My shares are a bit like a bag of Liquorice Allsorts- bit of this and that. FTO is a new one for me from my monitor. I'm certainly not an insider!! I despise that kind of thing- lures inexperienced people in and they get dumped on. I wasn't aware of teams working together.
No way I would touch Digital Animation - still got some of them from the tech boom days of 2000, assuming it is the same outfit.
Cheers, F

[capricorn_1] 17/2/2004 20:24

Dell, as one of those "rampers" (and holders) of NBT, let's have this discussion on the day of the results next month. If you're not holding them before then it will be your loss (a cursory look at their last set of results should tell any observant reader that such a company should be experiencing significant improvements to its activity in today's improving e-commerice environment). And at that time OND will probably still be in suspension....although I'm still quietly confident about how things will turn out here too by April latest.....The waiting game is all part of the fun in the meantime:-)

[andy2000] 17/2/2004 17:20

As a holder of OND and only one of about 3 on this BB so dont think i can
be called a ramper, if you two want a share with massive short term potential
(at least chance of 3 or 4 bagger) that hasnt been picked up by the masses and
tipsters yet take a look at DAG , seriously think its my most likely to succeed!
It will go in its own time cos its cash rich, and doing good things with its
technology,just go through the bb dyor and look at their websites.
At the moment its just a lille secret!

Shhhh, you aint seen me, right!

[dell314] 17/2/2004 16:26

mclellan - you appear to like the ramped ones!
FTO and OST regularly get a co-ordinated ramp and the NBT thread that I spotted you post on earlier is full of ramp teams working together.
Assuming you're not one of the insiders, it's quite a risky game, unless you're a quick mover or damn sure of the longer term prospects....

Rgds
dell

[mclellan] 17/2/2004 12:31

dell- thanks for your comments. I've been reading the BB for AFD recently in which I have some shares. The people seem to divide into camps and growl at each other in various degrees of intensity! Quite amusing - all very one-eyed.
You are called a deramper if you dare to question that the share price might not reach the stars and that there is great hype and expectation in the price. Made a profit on them and still hold some, but rather speculative.One of my worst performers is actually Shell- so much for "safe" FTSE stocks. HSBC and Barclays are not bad. Just bought some Fortune Oil and Offshore Telecom -the latter is doing quite well at the moment. Seems to have woken up.
Cheers for now, F.

[dell314] 17/2/2004 10:26

mclellan - some people think that BLM may be worth up to 50p a share, when it's all done and dusted.
However, there is too much guesswork in the estimations for my liking and my lowest valuations don't suggest a great deal of upside.

BPRG has had a good performance but I've never looked at it.
I try to avoid stocks that are popular on BBs, unless I'm in before the crowd.

My portfolio is quite boring at the moment, after cashing in a lot of stuff recently.
Nothing that stands out as particularly exciting, I'm afraid.

Rgds
dell

[mclellan] 17/2/2004 10:04

dell314- I would have thought that Baltimore is a bit of a dead duck these days.
Think everyone has lost interest in OND just now.
Do you have interesting shares yourself just now? My best one at the
moment is Bioprogress

[dell314] 16/2/2004 12:25

mclellan - ignore it.
Haru regularly tries to promote interest in Baltimore by posting silly comments, like the one above, on many different company boards.

Rgds
dell

[mclellan] 15/2/2004 16:56

Haru - what??

[haru] 13/2/2004 13:15

baltimore to takeover overnet data

[andy2000] 13/2/2004 12:39

Although had written off this investment, hope it comes back soon at a
reasonable level, cos I wanna put money elsewhwere!
Actually, into DAG if anyones interested, which youre probably not.

tum ti tum....

[mclellan] 12/2/2004 10:51

dell314- fair enough. I could certainly be called one of the moaners, I suppose. It is very annoying having money tied up for so long, when many other shares are doing well. Never been in this situation before- IBNet were suspended but not for very long and they are doing OK as Deal Group Media.
I am showing a good paper profit on OND but paper is no good here.
Thanks again for the number. It is nice ,at least, to know they are still there!

[dell314] 12/2/2004 10:05

mclellan - don't forget that I'm not a holder here. My interest in OND is simply that it was the first Knifton/Weller venture of this kind and I was hoping to gain some clues about whether investing in their other ventures made sense.

I collected together a large summary of RNS from this and other K&N ventures and came to the conclusion that K&N and associated parties were the main beneficiaries and regular shareholders were simply a technicality.

I think that I originally provided Weller's number on this thread, whilst goading a few of the moaners to try and get some answers from him.
There would be little point in me phoning, as I won't believe anything until the deal is all done and dusted and I can evaluate it.

Cheers,
dell

[mclellan] 12/2/2004 09:53

dell314- he was quite chatty, but didn't say much, if you know what I mean.It is very frustrating talking to someone like that because you know there are certain things you can't ask but you would like to. Didn't get any clue of return to market at all. Maybe we should take in turns to ring!! Number is:

020 7251 3762

[dell314] 12/2/2004 09:44

mclellan - interesting post earlier.
I'll be intrigued to see how Weller can manage to manoevre a deal that maintains or raises the share price price, without some devious consolidation being involved.
I remain sceptical and wonder whether it is just further spin to maintain the interest in his other similar ventures.
Good luck anyway....

Rgds
dell

[mclellan] 12/2/2004 09:37

soft t- The number I got Weller on is : 020 7251 3762

[soft t] 11/2/2004 20:38

tried in vain tofind a telephone no. for OND nothing in the last report & A/C
no joy from the registrars or from companies house or the autitors where the hell is this co anybody know?

[mclellan] 09/2/2004 11:39

Have just spoken to Weller. He won't say when they are coming out of suspension but that they have 6 months that they can be in suspension before they have to inform the exchange etc. I asked him why it is taking so long and he just said that negotiations take time to get the best deal. Asked him if they were likely to come back at the same price and he said that it should be that or better.
We'll wait and see.

[mclellan] 03/2/2004 19:27

StewJames- can't believe it will be a quid. Lucky to get the 50p back, probably if we don't die of old age first - how much longer can they take?

[stewjames] 03/2/2004 15:58

topnotch, I understand fully why a company would want to get an AIM listing. What I don't understand is why they would choose Overnet at 50p as the vehicle. In your own example, you would have had to relinquish equity not just to new investors in the placing but also indirectly to the existing shareholders of the company you were reversing into. In the case you cite that wouldn't have been too onerous since it would have "cost" you a few hundred grand of your company assuming terms were based on fair value at the current shareprice. In the case of any company reversing into OND, that cost would be 5M, or 10M if your quid target is to be believed. Why would you want to do that? There are other, far cheaper shells around, for example MKP trading at around net cash. Not to mention the more traditional route to obtaining a listing costs a fair bit less than a million itself.

[mclellan] 03/2/2004 10:16

dell- I'm sure shareholders' interests are the last thing on their minds.
The whole financial industry makes me sick, particularly greedy,lying,
incompetent so called Independent Financial Advisers and Insurance
Companies. I have become very cynical about any fund, bond etc and I
suppose shares are just as bad.
I feel very uneasy about OND. However, I did buy them at 12.5p so the
downsize is not as great as it might be. My worry is that they go to the
wall

[dell314] 02/2/2004 09:15

mclellan - I'm still watching but I remain cynical.
None of you seem to want to consider how the new company will be paid for....

Have you also been keeping an eye on the other K&W companies?

It appears that with VOS, they weren't happy just to have 30% of the company, so they've issued themselves a few warrants as well.

RNS Number:7731U
Voss Net PLC
29 January 2004

29 January 2004

Announcement
Voss Net Plc ("the Company")
Issue of Warrants

The Company announces that it has today issued warrants to subscribe for new
ordinary shares of 0.01 pence each of the Company to its directors, Mr Leo
Knifton and Mr Nigel Weller, in consideration of services.

The warrants are exercisable at any time up to 29 January 2007 and entitle each
warrant holder to subscribe for up to 10,000,000 new ordinary shares in the
Company at a subscription price of 0.25pence per share.

Mr Knifton and Mr Weller control Zaika Limited which owns 48,748,032 ordinary
shares representing 29.9 per cent of the current issued share capital of the
Company.


Does that seem like the activity of people who have shareholder's interests at heart?

Rgds
dell

[mclellan] 02/2/2004 09:03

Is there anyone out there still ?

[mclellan] 28/1/2004 14:26

topnotch- that's right. They were suspended at 8.30 am so had whipped up to 50p from the day before, in early dealings before they were suspended.I had phoned my broker about 8.40 to buy some more and couldn't. Maybe just as well? Who knows. It is a long suspension