SR EUR Inv.S Share Discussion Threads

[gerard j] 21/6/2001 00:35

..also..
Major Shareholders:
(19 Jun 01) 78.80m 5p Ords - London Wall Noms Ltd 21.12%, I-Fin Services (IOM) Ltd 15.65%, HSBC Global Custody Nominee 7.80%, Startup Holdings Ltd 6.94%(dup), Swan Alley (Noms) Ltd 4.58%, Z Navoth 6.94%(dup), Other Dirs 1.24%.

[gerard j] 21/6/2001 00:23

MMs have now reduced the market size to 15000 shares.
No stock available.
Be ready for a good run.

[gerard j] 20/6/2001 21:54

colinscarr, read this:

There could be a little gem waiting to emerge from a small and oddly named company called Startup Station, writes Joanne Wallen.

The AIM-quoted company (SRS) was formerly listed on the main London market and known as Dominion Energy, an oil exploration business with assets of around $11 million.

With depressed oil prices it was unable to raise the money it needed to expand in the US, and last April changed its name and moved down to AIM, with a view to investing in technology.

Investments to date have not borne much fruit, but the company has just sealed negotiations it has been pursuing since January to take on a four-strong team of telecoms industry experts that own between them several patents and expertise in a technology known as ‘echo cancellation’, as well as voice recognition and other emerging technologies.

Echo cancellation is technology that cancels out background noise or echoes that are caused on traditional copper wire telephone lines, particularly when they take a digital feed from cable or satellite. The team has developed a software and chip alternative to what previously required space consuming, heat generating hardware. The technology will come into its own particularly for the provision of broadband services such as DSL (digital subscriber line), which uses copper wires for the last mile into homes or businesses.

Chairman Masoud Alikhani told Citywire: ‘A lot of the big companies that have been working on echo cancellation software have run out of money or laid people off, and are looking at outsourcing the development’.

He said major companies such as Nortel, which has laid off large numbers of staff, have spent so much money developing Internet technologies and no longer have the resources for systems like echo cancellation.

‘The technology is still in demand though, and we have finally concluded negotiations to take on this team of four highly qualified people from the top companies in the sector,’ said Alikhani.

Alikhani said the echo cancellation market is worth around $1 billion, and his ambitious objective is to ‘secure 10% of the traditional $1 billion echo cancellation market within three to five years’.

The team will be led by Dr Masoud Ahmadi and Mr Sedat Zaimi, both of whom are investing £15,000 in Startup at 5p per share. They will also be granted more than 3.8 million warrants exercisable at 5p between 18 months and 36 months from the date of the grant. The company is also placing shares at 5p to raise £280,000 as funds for the new venture.

Startup Station STILL OWNS the oil business at present, but is planning to spin it out and list it separately on Ofex. It will raise funds separately for the business, which will revert to its old name of Dominion Energy, and will be run by a separate board of directors comprising oil engineers. Startup Station will retain a stake in this business.

Alikhani said Startup Station will look to develop other technologies but will focus on the telecoms sector. He said that even though the sector as a whole has had its set-backs, this sort of technology is still in demand, and a small company with no legacy is in a strong position to fulfil that demand.

‘We are very excited. The people we are taking on own lots of patents’.

Startup Station’s financial year ends this month. Alikhani said the new business is not likely to generate revenues until next year.

Shares are currently up 0.25p at just 3.5p, valuing the company at just more than £2.5 million. Bearing in mind the volatility of the technology sector, and in particular the telecoms market, this company looks like it could have something very interesting to offer in the coming year or so and should be worth a punt at this price.

What do you think now?

[gerard j] 20/6/2001 21:42

Exactly that.
I believe the unused Oil field are worth now £5m...(but £800m-£1000m if Oil is discovered - although this might take a while)

[alaned] 20/6/2001 21:06

Colinscarr

No misunderstanding,company is working on 'echo cancellation'software, but still owns the oil business which it plans to spin off into Ofex, but will still hold a stake in the oil business.

[colinscarr] 20/6/2001 20:59

So Gerard J (Hopefully I got the right name this time) . Why is this an "absolute winner" ? I still need some convincing.

[colinscarr] 20/6/2001 20:54

Sorry.

But was the comment not perhaps appropriate, even if I got the name wrong !!

Oops...

[alaned] 20/6/2001 20:51

Colinscarr

I think your comment should have been directed to Garysilver

[colinscarr] 20/6/2001 20:51

Am I missing the point or something re the "OIL AND GAS" Business.

THE NEWS RELEASE FROM 18/6/01 STATES THE COMPANY IS CONCENTRATING ON THE TECHNOLOGY MARKET.

Is there a misunderstanding ??

[gerard j] 20/6/2001 18:24

Should get a mention in tomorrow's newpapers.

[gerard j] 20/6/2001 16:56

The story is worth reading.
Startup Station has echoes of success
There could be a little gem waiting to emerge from a small and oddly named company called Startup Station, writes Joanne Wallen.

The AIM-quoted company (SRS) was formerly listed on the main London market and known as Dominion Energy, an oil exploration business with assets of around $11 million.

With depressed oil prices it was unable to raise the money it needed to expand in the US, and last April changed its name and moved down to AIM, with a view to investing in technology.

Investments to date have not borne much fruit, but the company has just sealed negotiations it has been pursuing since January to take on a four-strong team of telecoms industry experts that own between them several patents and expertise in a technology known as ‘echo cancellation’, as well as voice recognition and other emerging technologies.

Echo cancellation is technology that cancels out background noise or echoes that are caused on traditional copper wire telephone lines, particularly when they take a digital feed from cable or satellite. The team has developed a software and chip alternative to what previously required space consuming, heat generating hardware. The technology will come into its own particularly for the provision of broadband services such as DSL (digital subscriber line), which uses copper wires for the last mile into homes or businesses.

Chairman Masoud Alikhani told Citywire: ‘A lot of the big companies that have been working on echo cancellation software have run out of money or laid people off, and are looking at outsourcing the development’.

He said major companies such as Nortel, which has laid off large numbers of staff, have spent so much money developing Internet technologies and no longer have the resources for systems like echo cancellation.

‘The technology is still in demand though, and we have finally concluded negotiations to take on this team of four highly qualified people from the top companies in the sector,’ said Alikhani.

Alikhani said the echo cancellation market is worth around $1 billion, and his ambitious objective is to ‘secure 10% of the traditional $1 billion echo cancellation market within three to five years’.

The team will be led by Dr Masoud Ahmadi and Mr Sedat Zaimi, both of whom are investing £15,000 in Startup at 5p per share. They will also be granted more than 3.8 million warrants exercisable at 5p between 18 months and 36 months from the date of the grant.

The company is also placing shares at 5p to raise £280,000 as funds for the new venture.

Startup Station STILL OWNS THE OIL BUSINESS AT PRESENT, but is planning to spin it out and list it separately on Ofex. It will raise funds separately for the business, which will revert to its old name of Dominion Energy, and will be run by a separate board of directors comprising oil engineers. Startup Station will retain a stake in this business.

Alikhani said Startup Station will look to develop other technologies but will focus on the telecoms sector. He said that even though the sector as a whole has had its set-backs, this sort of technology is still in demand, and a small company with no legacy is in a strong position to fulfil that demand.

‘We are very excited. The people we are taking on own lots of patents’.

Startup Station’s financial year ends this month. Alikhani said the new business is not likely to generate revenues until next year.

Shares are currently up 0.25p at just 3.5p, valuing the company at just more than £2.5 million. Bearing in mind the volatility of the technology sector, and in particular the telecoms market, this company looks like it could have something very interesting to offer in the coming year or so and should be worth a punt at this price.

[day tee] 20/6/2001 15:54

Ooooooooooo

[smarner] 20/6/2001 15:40

Why? What is the story?

[gerard j] 20/6/2001 15:40

Get on board.
Contract with Nortel in the pipeline.

[chase] 20/6/2001 15:38

oh dear, how to attract disinterest in one easy lesson.

[gerard j] 20/6/2001 15:36

Up nearly 100% in 3 days - Not bad!
Another 100% to come.
TRAGET : 10p

[mattbott] 20/6/2001 15:29

I have every faith in this company. The oil and gas market in the USA is the place to be for a proven growth market. The 2 competitors of SRS are Norther Petroleum at £2.25 per share and Lasmo Opsus Oil at 39.5. The leadership of SRS has now completed change and the direction is steadfast. The future is bright with SRS!!!!!!!
I believe we are looking at 10 p by the end of the week and 20p within a month!

[smurombe] 20/6/2001 14:42

Startup Station has echoes of success, follow this link

[gerard j] 20/6/2001 11:56

Absolute winner!!!!!!!!!!!!!!

[gerard j] 20/6/2001 11:54

Absolute Winner!!!!!!!!!!!