Park Row Grp. Share Discussion Threads

[spoc] 09/6/2003 10:05

Received my letter also trying to get me to cave in - I'M HOLDING OUT.

If they don't get 90% perhaps they will PAY FAIR VALUE. Lots of small irritations they can do without I'm sure.

spoc

[shonai] 09/6/2003 08:24

.....meant to add.......Are they legal!!

[the diviner] 08/6/2003 18:31

I don't know what will happen if they get less that 90% acceptance.

If they had over 90% they could have forced you to sell as a dissentient shareholder.

I sold months ago when that had almost 90%.

I would recommend holders to contact the registrars and find out from them what the options are with less than 90% acceptance and what is happening.

TD

[meperry] 06/6/2003 21:32

got my letter today, will sit it out with you lot 20 grands worth for 2 grand i will take my chance. i thought bircham had a chance but management sold us down the river

[stocktrader] 06/6/2003 10:31

Humbagash,

Total agreement with your post and others, I also will hold just to be a thorn in their side (OK! a minor irritation). Let's not forget though, that lots of minor irritations can become a serious problem.

[humbagash] 06/6/2003 10:11

Have just received letter from PWC informing me that "if valid acceptances are received for less than 90% of Park Row's issued share capital by 23rd July 2003, then the Offer will be closed.As at 2 June, valid acceptances had been received for only 86.6% of such shares and without action by a significant number of shareholders, the acceptance level would not reach 90%".

I don't know the implications of this but I assumed that 90% had to be received to have made the offer unconditional.

Some nominee accounts have already paid out. I am going to hold my pittance anyway just to be a thorn in their side (OK! a minor irritation)

Regards

[tenerife] 06/6/2003 10:01

got a letter today from pwc urging me to accept the offer. FAT CHANCE!!. my £4.5k is now worth £450, so having lost 90%, i`m hardly going to lose any sleep if i lose the other 10%. on the other hand they might be worth something one day!. i`ll take that gamble.

[scoobydoo*] 03/6/2003 00:41

Well my grand total of £54 worth was in a nomimee account, I didn't even get the second option of a buy back let alone any other sign of activity.

I'm sure we will be contacted at some point, won't we ?

Allan

[spoc] 31/5/2003 12:50

I've also opted to do nothing and am waitingg to hear from somebody ... ANYBODY .. regarding if and what I now own. I must own some eqity in the new outfit. If I'm not contacted within a month I'll start with the PWP registrars.

Spoc

[jayone] 30/5/2003 09:29

Got out a while back, at a bloody great loss after they became PWP. I hope the Directors and their families rot in hell.

[enewman36] 30/5/2003 09:23

There aren't any, I was in the same boat as you and did nothing. I recently had a letter from my broker stating that PWP had received over 90% of the vote and the motion was passed. They then told me that a particular sum has been credeted to my account, based on the 56p per share allocation.

[snakeplisskin] 29/5/2003 18:31

Hi,

I'm a little confused by this situation.

I am also a shareholder in Park Row, (bought in when they were Birchin at a much higher price allowing for the consolodation). I have now received quite a few letters from my Broker asking me to accept the deal from Royal Liver. So far I haven't as I too don't agree with the offer being tabled to us for our shares.

What are the options open to me????

Can anyone explain in simple terms please.

Many Thanks in advance,
Danny Boy.

[regalrealm114] 23/5/2003 13:06

RNS Number:4684L
AIM
23 May 2003



NOTICE

(184)

23/05/2003 7:00am

CANCELLATION OF ADMISSION OF SECURITIES TO TRADING ON AIM

PARK ROW GROUP PLC


At the request of the company trading on AIM for the under-mentioned securities
have been cancelled from 23/05/2003 7:00am.

Ordinary Shares of 80p each (3-153-848)(GB0031538480)
fully paid
If you have any queries relating to the above, please contact AIM Regulation at
the London Stock Exchange on 020 7797 4154



They will have to take me to court to get my 65,721 at 7p each ops! 650 at 54p each. Who in there right mind would want to employ directors who can devalue a stock by so much in such a short time, by I would guess getting involved in a business they new fick all about
As ever shifty directors in whom we entrust our money to simply kick those of us trying to climb life’s tree merely back down. I bet their pockets are well lined with our cash.
I’m not bitter about making a bad investment its just a gamble some you win some you lose, its getting harder to spot the vultures.
It’ll cost them to get my shares I would hope some of you take the same stance it seems to be the only way of protest.
All the best to you all.

E.

[tenerife] 22/5/2003 15:36

please, don`t anybody else sell, stop them getting their 90%.

[cappagh] 22/5/2003 11:26

IF they get less than 90%, can they
back out of the offer?

[pbhogarth] 22/5/2003 00:39

I Have had enough of this company, and agreed to sell when the letter arrived. Any ideas how long I am likely to have to wait for the pittance I shall get for them ??

[tenerife] 21/5/2003 09:16

why are there still sellers at 53.5 when they can get 56?. i don`t like it when mms get easy money!.

[the diviner] 14/5/2003 20:21

I stuck it out until it was declared unconditional. (I expected them to get over 90% soon after that).

I have stuck it out before in similar circumstances and was eventually forced to sell a year later because that company had over 90% acceptance.

I may be wrong but as I understand it ; if they get 90% acceptance they can ring fence your holding at 56p per share and you are considered as a dissentient shareholder, (or something like that). After that they can go to court and force you to sell or just leave your holding stuck as it is with a value of 56p per share.

The good news is that they do not yet appear to have the 90% they need, (the announcement today was for less than 84%). They may never get over 90% !

I wish you well and I'm sorry now that I did not hold out for longer.

TD

[humbagash] 13/5/2003 15:54

Nor me. Let them hopefully have the waste in administrative expences and time incurred in contacting me with shareholder information and "DIVIDENDS" (LOL)

[tenerife] 13/5/2003 10:59

i`m not selling either. they`ve really screwed us, because they knew that after consolidation the price would drop(always does). a fall from 80p to 35p, then an offer of 56p and they think ther`re doing us a favour!.

[scoobydoo*] 02/5/2003 00:41

I'm thinking of doing the same Spoc, I assume we get some sort of paperwork in the new company.

Allan