Responzetv Share Discussion Threads

[strangeglow] 24/5/2008 14:14

....menhuin?

[gerri-c] 24/5/2008 09:30

In the sense of looming administration?

[relishing] 23/5/2008 22:29

Ha-Olam Ha-Lo Yehudi.

[morgan reynolds] 23/5/2008 21:35

this is another Torex....

[strangeglow] 23/5/2008 21:05

just had a thought....remember that tv chef scandal?

reckon it was him all along cooking the books?

[strangeglow] 23/5/2008 18:03

morgan,do you have any info that leads you to believe there is criminal intent over this?or are you just looking at worst case scenario.

what did the f squad say?are arrest warrants being issued?

on a lighter note,remeber kozlowski in the US,got 25 years.apparently he has been running courses to impress the parole board,anbd guess what?it's accountancy.

you have to laugh,a guy who defrauded billions now teaching other inmates to cook books.you couldnt make it up could you.

IF it transpires the same here,I wonder if the brothers will be sharing a cell,and whether they too will pass on their expertise in the accountancy field.

[casabella2] 23/5/2008 17:46

stiched up good and proper.

[morgan reynolds] 23/5/2008 15:14

already contacted the serious fraud squad...gonna get these crooks banged up..be sure of that...revenge is sweet

[strangeglow] 23/5/2008 12:13

probably a harrington.

fur,exactly how do you intend to fling the mud?

if you are thinking that you have any influence here you are sadly misguided.

if you read the key portion of the rns you will see that the entire ability of the company to continue trading is based on solvency.

if they are insolvent due to accounting discrepancies,whether deliberately caused or due to some vagary in their accounting software,the outcome is the same and as a common stock holder you will get nowt.

no matter how much mud you fling or where you fling it.

the reality is that none will be offering to buy your shares and any inherent value that may exist in the service will go buckshee to a third party,as ever,to cover debt.

get real,you should be thinking in terms of filing your capital loss on next years return to gain a tax credit against future cgt,that is if you ever find a company capable of making the sort of capital gain to trigger cgt that is.

as for legal action forget it.

[fur] 23/5/2008 10:56

Suspended but somebody tried to push through a late sale!

[fur] 23/5/2008 09:47

I see they are pulling things off the web site such as the news releases etc. As we relied on the trading update issued not so very long ago I would hope that Evosecuirites and Denton Widle Sapte would like to buy my shares at the last quoted price and also a small top up to go away, rather than get a seasoned mud stirrer upper to start flinging as much mud around as possible?

[biffa18] 22/5/2008 20:24

does seem tho that strangeglow is not far from the truth ..ie anyone who has spent more than £100 on this lot recently has either too much money or hasnt a clue about investing in shares especialy in todays climate where even the good shares are getting hammered......... imho of course

[strangeglow] 22/5/2008 18:36

oh gawd not again....well doesnt surprise me in the slightest this.what a bunch of coconuts this company is.

and the loss!I hold 250 of these from the old pcm days,worth, or rather were worth ,about 50 squid.

....but surely not????is this not the next qxl rocket?arent we being a bit hasty?could be a great buying opportunity for the regulars here.....

as for court action,for 50 quid?I wont be getting involved.you are on your own boys and gals..........

I warned you all about this lot consistently and was branded a nutter.

what about mediax?they own the bulk of it.expect another relaunch any time soon......yes its the one you were waiting for,new,improved,gets stains out of other stains,super dooper "pacific responze plc" dont miss the rights issue.irs unmissable.

cecil b demille and a cast of several.....dubois,fur,dusseldorf you know the usual suspects.

I would offer some sympathy but as I received no charity beforehand whilst being the only sane one here,I shant.

will be following this latest debacle avidly though,.

[fur] 22/5/2008 12:10

and they no doubt were the owners of the regular daily sells of 25,000 shares throughout the early part of this year.

[gerri-c] 22/5/2008 11:58

Perhaps salient in 3rd para:

...the balance of 26,415,614
shares will be by way of earn-out and is dependant on the financial performance
of Reliant for the financial years ending Dec 31 2007 and 2008

[orvil] 22/5/2008 11:55

I would think that if so soon after the aquisition there are irregularaties that the due diligence lawyers and accountants may well be culpable.

[orvil] 22/5/2008 11:53

Fur-i would wait a little while as I think there is more to this than meets the eye. Harringtons were paid in shares for Reliant with an earn out and this will not have been paid.

LONDON (AFX) - ResponzeTV PLC, the TV home shopping company which was
admitted to AIM in late December 2006, announced that it has acquired Reliant
International Media LLC, a US TV home shopping company for up to 7.13 mln stg in
ResponzeTV shares.
The acquisition involves the issue of a total maximum of 44,576,349 new
shares of 16 pence each in ResponzeTV, representing 45 pct of the issued share
capital of the company as enlarged by the issue.
Completion of the acquisition took place today, Responze said, when the
company issued 13,620,551 shares, representing 20 pct of the share capital of
the company.
Responze will issue a further 4,540,184 shares to the sellers by Aug 31,
representing a further 5 pct of the share capital and the balance of 26,415,614
shares will be by way of earn-out and is dependant on the financial performance
of Reliant for the financial years ending Dec 31 2007 and 2008.
The sellers of Reliant are Kevin Harrington and Tim Harrington, who will
each remain with Reliant after the acquisition, and have also agreed to join the
board of ResponzeTV. Harrington has been appointed chief executive officer of
the ResponzeTV group of companies and Harrington has been appointed chief
operating officer.
[e-mail]

[fur] 22/5/2008 11:45

I'm up for a letter to a no win no fee lawyer in the states to get some money back - anyone got a name of contact?!

[fur] 22/5/2008 11:43

but what worries me is whether the business was doing well and they hid the fact and hoped to nick on the cheap, or was it a sham and had nothing but lots of invoices and no cashlfow. If it was the former then it may still be a good business and can carry on without Harringtons, though their skill may have been the driving force. If the latter then we are stuffed., Langbar etc., ...

[orvil] 22/5/2008 11:40

Both Harringtons suspended without the usual caveat -pending investigations -strikes me as they got caught red handed.

[orvil] 22/5/2008 11:38

I think it was the recent Langbar case that the perpetrators were sued and paid up-but the timescales were drawn out. As the company was starting to recover strongly they may get additional backing but at existing shareholders expense. I have written off my investment and anything else will be a bonus.