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STN Setstone

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Setstone LSE:STN London Ordinary Share GB0008528928 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

Setstone (STN) Latest News

Real-Time news about Setstone (London Stock Exchange): 0 recent articles

Setstone (STN) Discussions and Chat

Setstone Forums and Chat

Date Time Title Posts
08/10/201119:38SETSTONE - Sub-Penny Share (CASH SHELL) - Promising ?1,369
28/10/200818:20STONEHENGE.New stones appear.14
17/2/200521:06new epic3
02/4/200012:53Stentor - Offer for entire share capital-

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Setstone (STN) Most Recent Trades

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Setstone (STN) Top Chat Posts

Top Posts
Posted at 14/8/2011 23:00 by doorway
oh share shark stop teasing....why do u keep doing this
Posted at 15/4/2011 12:34 by doorway
intrest in stn after all,if percy gets hold of it i would rather lose it than him to get his grubby hands on it....
Posted at 01/10/2007 10:04 by bongo bwana
John,

Hope you are keeping well.

Good to hear from you here and many thanks for your continued efforts with STN.
Posted at 19/7/2006 09:02 by wakeland
the fact is any of us still holding this have lost our money, sh*t happens. If you try to spot companies in their early stages you will always get the odd dog. What annoys me is that STN just seems to drift, they should wind up and at least any losses can be offset. I wrote to the address on the website maybe 2 months ago and received no reply. We could do with closure on this, can someone post P Burtons email address again.
Posted at 24/2/2006 14:21 by thx1138
What exactly is the situation with Setstone shares? I haven't paid much attention to my holdings for a year or so now, according to my Etrade account they're not worth anything, is this correct, are the share or the company no more?
Posted at 24/2/2006 08:39 by snoopdoggywuff
Giltspur,
The website I was referring to is the companies house website where all companies accounts can be found. I have the documents for the period in question and would be happy to send you a copy if you want them.They put a little bit of flesh on the bones regarding this whole sorry saga.
Dont get me wrong about this. I share your concern and agree that safeguards should have been taken out and the lack of information throughout the process was lamentable. However due to there enforced delisting, the conduit for information seems to have been broken in late '04.
I dont question your motive for doing what you are considering either, I have lost a bundle in this, the same as you and everyone else. I just feel now isnt the time and I think you would be wasting your time and money, as well as protracting the whole saga.
Read the accounts and tell me what you think.
Send me a mail to setstoneshares@aol.com and I will forward you the PDF files.
Posted at 21/2/2006 11:38 by snoopdoggywuff
Gents,
At the risk of starting an online punch up/slanging match - which I would dearly like to avoid, I cant help but ask what you would hope to achieve by trying to bog this company down in even more red tape and legal action ?. The deal as it was has gone South, as happens to thousands of deals of this type every week. The facts are all there to see on the companies house website. It is going to take years to recover anything from this whatsoever through the courts, so anything we do as shareholders is simply going to drag it out even longer.
We all invested our money three years or so ago, no-one held a gun to our heads. We didnt foresee problems, delays, bad deals and the like - We all saw pound signs which is exactly what we wanted to see. To call for Police investigations and to blame MWM for tipping this is a nonsense. Noone blamed him for tipping Asos !. For every Ashtead, there will always be a STN - face it, we just picked the wrong (HIGHLY SPECULATIVE) share. What we did was akin to gambling and we lost. No-one moaned more than myself on here at the lack of info provided and progress made. Now at least the facts, dissapointing as they are - are known.
Every minute of there time we take up in whatever sort of protest is another we will have to wait in years to come to see if we ever get anything back.
Posted at 17/1/2006 18:51 by davew28
1
Setstone (formerly ThreeW.Net)
ThreeW.Net Plc became a shell company after the closure of its unsuccessful
dotcom business in 2002 (at the year end in October 2002, the company had a
deficit in shareholders funds of £520,000 and creditors who could not be paid).
The only real value remaining in the business was its AIM listing. It then
proceeded to look for a business with which it could undertake a reverse takeover.
But the company's AIM listing was subsequently suspended and after exceeding
the suspension time limit of six months, it was delisted in November 2004.
At an EGM in January 2004, a capital reorganisation was approved and a group of
investors lead by London & Globe Securities Ltd subscribed for new ordinary
shares and for some convertible loan stock "in order for the Company to settle
outstanding claims from creditors, meet its regulatory obligations, undertake the
statutory audit for 2003, and provide sufficient working capital to enable the
Company to consider potential opportunities for eventual enhancement of
shareholder value". The company changed its name to Setstone at the same time
and continued to talk about the search for a reverse takeover candidate.
During 2004, a total of 618 million shares were issued to raise £1.3 million.
The Report and Accounts for the year ending October 2004, disclosed that
approximately £1.6 million had been loaned to SHG Gold & Silver Ltd, an Israeli
company with gold mining operations in Kyrgyzstan. This was in anticipation of a
merger with SHG, but the transaction had never been concluded despite "heads
of agreement" having been signed. It transpired at the AGM held on the 15th
December 2005 that SHG had apparently backed out of the deal for reasons
which were not totally clear, but they had certainly not repaid the loans, and the
annual report noted that £750,000 of provisions against outstanding loans had
been made.
In addition it was revealed that there was a loan of £100,000 made to a Mr S.
Robinson which was still outstanding although it was hoped to recover this. This
apparently was also a loan made, without security being taken, in anticipation of
a merger with a pornography publishing company.
At the time of the AGM, 836 million ordinary shares were in issue. The shares are
traded on an occasional basis by J.P.Jenkins and had an "indicative" price of
0.75p at that time, which values the company at approximately £6 million. But as
the company seems to be back at square one in terms of looking for a future
partner, it is difficult to see much prospect of a short term resolution of the
problems of this company. And one must question the wisdom of the directors in
granting loans to prospective partners prior to completion of merger proposals.
Roger W. Lawson, UK Shareholders Association, 15/12/2005
Posted at 06/1/2006 16:59 by davew28
doorway,

You are right. Nothing seems to happen and nobody gets told anything other than 'forget this as an investment'. It's about time that the company gave some details to us beleagured shareholders. That's Langbar, TTL and STN that I know of in the last 6 months that have suckered in us investors with no recourse. It's about time the LSE started taking some action

dave
Posted at 19/11/2004 11:05 by snoopdoggywuff
Real shame we couldnt have relisted before chrimbo. When you look at the madness that is the AST share price, who are an empty shell LOOKING for mining/mineral aquisitions, gawd knows what the STN share price could have been by now.
Setstone share price data is direct from the London Stock Exchange

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