Payzone Share Discussion Threads

[mmills] 21/4/2008 16:28

Mr Maloney was probably given the heads up by his brother - Barry Maloney of Balderton fame - obviously an independent and rigorous process was undertaken to find a new CEO or did the 40% shareholder just ask his brother to do it?? They didn't put that in the announcement, now did they?

[littlereec] 15/4/2008 06:44

Is it so bad that you didnt want the company you founded back Mr Mills? If you wrote this script for a soap opera the producer would throw it out as laughable and nothing like real life.................

[littlereec] 08/4/2008 16:20

I am told that holidays may have got in the way! I suppose charging silly money for screwing up the compnay means that the stress of it all gets to one after a while and a holiday is needed.

[fatcol] 08/4/2008 09:18

RNS of 10/03/08.
Payzone said it expects to provide a trading update later this week, and its
shares will remain suspended until such time.
[e-mail]

Now 4 weeks and a day later, and still nothing.

Anyone know anything??

[stewart_25] 02/4/2008 20:14

question is - when will they be released from suspension? Any news on the court case? Surely is must be better now the shareholders have removed nagle and williamson - after all they dont need to give (much of a reason) - we own the ruddy company after all...

[littlereec] 25/3/2008 06:42

i suppose the question has to be why did it take the Mills so long to get going again?
There is something positive about this - it must be a good business to be in or Mills would not be doing it again - even if it with someone elses money

[badlad21] 24/3/2008 21:44

Now here is an interesting article!

[fatcol] 22/3/2008 09:39

badlad21 - Loomis has also come up in my conversations. Big concern here is, if they claim against Loomis, this will probably end the contract. Where do they then go for the CIT service?

From what I understand, CIT companies aren't exactly falling over themselves trying to secure this business.

Whilst a few million in the short term may help to bolster the figures, it could end up bringing with it a higher on cost for the continued provision of CIT services from another supplier.

Someone mentioned to a colleague the other day, that several of the key ATM contracts are getting 'twitchy' and could be about to jump ship - not good!

Let's hope Captain Bob sees fit to issue an update and actually tell investors what the hell is going on! It needs to be bloody good news, otherwise Irish Pete will be on the Board of 2 companies that are worthless.

IMHO & DYOR

[danny678] 20/3/2008 11:42

Shambolic springs to mind. Irish Pete is busy at SCT with his CVA to stop that being wound up as well. He's not too popular at the moment is he.

Anyway, saw this this morning.

Payout 'bonus' for ATM users

An investigation is under way after a cash machine churned out double the money requested.

Dozens of people queued up to use the dispenser at Sainsbury's at Jacksons in Barham Road, east Hull, hoping to take advantage of the blunder.

Eagle-eyed motorists who spotted the unusually long queue at the store pulled up outside the machine in a bid to access the cash.

Eventually police officers were sent to guard the ATM and prevent more money from being taken out after the machine's owners requested help.

A spokeswoman for Humberside Police said: "Officers received a report that a cash machine on Barham Road was giving double money to customers.

"Officers were deployed and an attempt made to contact the owners of the machine and officers remained at the scene to prevent more people from taking more money out."

It is not yet known how much money was taken out, although it could run into thousands of pounds.

The spokeswoman said police had not received any complaints from the owners of the cash machine.

The ATM is owned by a company called Payzone, a spokesman later confirmed. He said the fault was due to the machine being filled with the wrong denomination of notes.

An investigation was under way into the incident and the machine had been taken out of service, he added.


The Jacksons deal is lossmaking according to my source as they won't surcharge. Not only is it lossmaking but they've taken to giving money away. Whatever next - Captain Bob jumping ship ..............

[fatcol] 19/3/2008 17:13

TheHiddenAgenda - as they say 'no news is good news' and the good news is, whilst the shares are suspended, they're worth much more than they will be once the suspension is lifted.

As well as demonstrating an unrivalled incompetence at running a business, they have also displayed an astounding inability to deal with private investors. Perhaps they don't view PI's as important, given that Balderton appear to be right behind Captain Bob & First Mate Saxton.

No doubt, when information is released, it will be full of excuses as to why this happened and that happened, rather than being full of what's needed - FACTS!

[thehiddenagenda] 19/3/2008 14:14

What is going on with this company. The EGM was over a week ago and still the suspension hasn't been lifted, and not a peep from the company. Surely there must be some sort of regulation to prevent this sort of thing!

[moosem] 19/3/2008 02:59

I'm going to do some cost pound averaging when they reach 1p.

[littlereec] 14/3/2008 17:54

Thank you Nigel. That, I feel sums it up for all of us out here in no mans land. At the moment I am hanging on to the wreckage (shares) but when I see dry land (relisitng) I am going to swim for it (bale out) whatever - I cant help feeling that despite a £3bn t/o this could go down. Thoughts?

[nigelmills] 14/3/2008 11:03

Mr Smyth didn't want to discuss much. He explained it was an EGM & the issues raised were for the AGM. It was interesting to see the majority of shareholders in the room didn't agree with the propositions.

I didn't leave with much confidence for the future of the business, but I would say that wouldn't I.

[littlereec] 12/3/2008 17:17

Question to those that crossed the water to Dublin for the meeting the other day.
Other than the obvious discussions about who was staying to run the sinking ship, was there any other business discussed at all?

Mr Mills - did you get your say, did anything get said you wish to share with us please?

Thanks

[danny678] 12/3/2008 11:54

Any truth in the rumour that Captain Bob is deserting the sinking ship this week, whilst Saxton is climbing back on board ?

[thehiddenagenda] 11/3/2008 19:47

Who is daft enough to believe what's in the trading statement anyway?

Lets not forget that this whole sorry affair was kicked off because Thian was trying to supress bad news. Now who's going to stop him?

[stewart_25] 10/3/2008 19:49

Nagle and williamson go... thian stays - now we need the suspension lifted and trading update to be really positive!