Recently floated on AIM this company is currently a cash shell but the word on the grapevine is that a major deal (confirmation to be publically announced in about four wks) has been signed with a very well known private limited company with a reverse takeover into TWR! The limited company cannot be named by TWR for confidentiality reasons & Stock Market rules. However the company is rumoured to have a market cap in excess of 10mln.

SP is up today 94.44% just as the news of this is begining to get out and the buyers are now coming out in force!

legins
I notice that seymor pearce has just aquired a 28% holding not a bad bed fellow

loadsadosh

I too had noticed that Seymour Pearce has bought a 28% share holding of TWR and with their pedigree as corporate finance brokers IMO they would not be holding 5.124Mln shares in a company if they weren't in the know their investment has the solid prospects of returning a very respectable growth in profits.

Market Cap of TWR 1.512mln, current SP 9p - after reverse takeover/merger of rumoured Blue Chip ??? private limited company & Market Cap in double digit Mln's in approx 4 wks time. So does this lend to suggest the SP target is likely to reach nearly 10x TWR's original float price of 4.25p on or not longer after the announcement is made?

Your guess is as good as mine but since having bought in a double digit K's holding myself now at 8p my right hand palm has been itching.

legins
Seymour Pearce corrected the earlier statement to say that the 28% holding was taken on behalf of Capital Features Ltd, going of the initial statements CF has bought and sold large quanties of tower shares in a fashion that makes no sense to me, also who the hell are Capital Features, I can find no relevant information, any ideas?

whats happening with this co anybody know ?

RNS today. Check it out.

It seems TWR is no longer just a cash shell but is now in the process of the reverse merger taking place of a USA & EU company, the Maskina Group. The RNS states Maskina has only been trading since the beginning of 2004, but as stated on their website, the Maskina Group was founded in 2000 and has offices in Norway, Iceland, Germany, UK and the USA.

The nuts and bolts of this deal is that TWR has advanced a secured loan of 1,048,000 to Maskina. The loan carries a coupon of 7.2 per cent. (payable semi-annually) and is secured by 60% of the issued ordinary share capital in Maskina and 100% of the issued ordinary share capital in a USA company and all of the tangible assets in Transcom Communications Inc which Maskina has agreed to acquire. Transcom is an established communications company founded in 1998 and in which its business continues to experience annual growth of approximately 50 percent. Both of these companies are in the rapidly growing USA & European VoIP (Voice over Internet Protocol) markets. The directors of Maskina expect that as of 31st Dec 04, together with full year results of Transcom on the assumption acquisition is completed, pro forma consolidated gross revenues will amount to approximately US$38 million. TWR also has an option to acquire the remaining share capital of Maskina that is exercisable at any time up to and including 31 July 2005. The option enables Tower to acquire the entire issued share capital of Maskina for a consideration of up to 243 million new Tower ordinary shares.

Tower Plc has commented: - 'Maskina has developed a market leading portfolio of mobile communications VoIP products that should have a strong appeal to mobile phone users. We are excited about the prospects for Maskina to develop strongly in this sector.'

Interestingly, Pipex Communications has recently announced that it is now also entering into the VoIP market and has launched a cut-price voiceover-Internet service for small businesses and said it would be offering a similar service for households "early next year". Peter Dubens seems to have a good nose to sniff out profitable new business opportunities with good return in investment growth for investors, so is expecting Pipex and VoIP communications to help significantly increase number of Broadband subscribers from the 400,000 customer base he has both acquisitively and organically grown PXC into.

The appeal to mobile phone users will be the huge cost savings VoIP will have over conventional mobile phone operators pricing structures. With Maskina acquiring Transcom, the company combines its expertise in advanced mobile data service platforms, handset-based technology and VoIP-based voice communications to provide end user transparent low-cost mobile voice and data services. Its current set of products offer up to a 70% discount under todays mobile operator pricing structures.

With strong growth opportunities now in the VoIP sectors, particularly given a broadband price war between Pipex & BT, any company with the expertise, the likes of which Maskina now has, it seems it is surely well placed to reap the rewards and gain a significant share of the USA & European market growth sectors.

It also seems Stephen Dean the Chairman of Griffin Group Plc is the company behind the AIM cash shell Tower Plc and has been specifically floated for the purposes of the reverse merger / takeover of Maskina and their acquisition of Transcom Communications Inc., as it is Stephen Dean and Griffin Securities research team who, on behalf of their emerging growth companies, institutions, and high net worth individual clients, have identified the rapid growth investment opportunity that is now hotting up in VoIP communications and low-cost mobile voice and data services providers markets.

legins,

Parker Rowe are unauthorised by the FSA, and rang me about Pearl St. Holdings a couple of weeks ago. The salesman's (I wouldn't call him a broker!) telephone manner reminded me of the file "The Boiler Room", and I think that's pertinent here.

I suggest you read this article!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

In particular, please see the references to Griffin, and Perals St. and Tower!

Andy,

Please stop banging on at me regarding Parker Rowe & the FSA. I do not remotely have any connection with them and I don't suppose Maskina and Transcom Communications Inc. have any connection or interest with Parker Rowe either.

Legins,

maybe it's pure coincedence, but out of the 3000 or so stocks on the lSE, you seem to be promoting the two stocks that Parker Rowe are pushing out of their boiler room operation, based in Spain.

They base themselves in Spain to avoid FSA regulations regarding cold calling within the UK, ie it's not allowed!

Sadly, the performance of shares promoted by boiler room operations is very poor, and I post these warnings to try and help prevent the unknowing newbie investor from being unwaringly sucked in.

Is this worth hanging onto or is it a bummer.

any one got any up to date info on whats happening with this stock.

Another Legins / Parker Rowe ramped disaster.

Dil,

Have you noticed how the SP has been rising since your post above! I cannot guess or comment on why

By the way, I have never ramped this stock but have simply commented upon facts, news & rumours which I have gleaned from researching for information available in the public domain. My interest in this stock is due to close personal friends holding this share after them being contacted by Parker Rowe. Please accept my apology if you think I've been ramping TWR but I would like to see them at least getting their money back. Despite the subject of TWR shares sold to unwary investors through the 'boiler room' salesmen tactics of Parker Rowe, hopefully there may actually be some truth of the future prospects in TWR with the potential of a reverse takeover/merger with Maskina and their aquisition of Transcom both of which have strong presence in USA & European VoIP markets.

From a TA charting perspective I have been tempted to buy some of these myself as various indicators have generated Buy signals but with a bid/offer spread of 35% a few days ago and even now at 18% it is more than I would be prepared to pay the MM's to aquire any of these shares at present.

I believe TWR has just 4 months left before the options to aquire 100% of Maskina in a reverse takeover will expire. If TWR are to excersise the option they will have to aquire Maskina by an issue of approx upto 243million shares that I guess will be at an average price of 7p (as per their last RNS) per share. This would give TWR having aquired Maskina / Transcom a market capitalisation of approx 17million.

I believe Maskina is expected to have shown a gross revenue of $38million to yr end 31 Dec 04 for Transcom. How this translates to profits is yet to be seen and I have not yet found any published details of accounts for either Maskina or Transcom. If anyone knows of the web links to where this info might be, will be of interest to see how well Transcom has been doing in terms of profits, particlarly as they have stated on their website they have consistently experienced an annual growth of 50%pa in sales of their VoIP products.

Now SP up another 25% so far today - something must be happening but what? Just goes to show that it is not a complete disaster Dil!

Looks like my pals investment are now at last back to break even!

and mine. its just what to do now!

mingbeaver, keep your eye on the charts overlaid with a combination of MACD, RSI(14)with a 10 day moving average of the RSI as a signal line & Momentum indicators and also be rigid in setting a stop loss limit. This should help you make the decisions as when to BUY, ADD, HOLD, or SELL.

i was thinking more heads or tails

Legins , if you throw enough darts eventually you will hit the buulseye.

Parker & Rowe are an unmitigated disaster and an unregulated bunch of cowboys imo based on their record to date.

How is the rest of their crap performing ?

Dil,

I have to agree with your sentiments towards Parker Rowe, but they have little or nothing to do with TWR or PSH share performances they just sell them to gullible private investors. Would you be happen to be one of them, hence the reason you now seem so bitter & twisted? Live & Learn, you won't make the same mistake twice. Didn't you realise it is a highly speculative investment into cash shell Plc's?

Fortunately Legins I am not a gullible person or should I say gullible enough to buy shares being pushed by a bunch of second hand car salesmen or to believe "100p by xxxx ... cos a birdie told me" (see your opening post on PSH).

Good luck.

fill your boots this will be 1.00 a share in 2 months.

I'm In :)

I perhaps feel 1 by xxxx is pushing it - I will settle for 12p :;)

anybody got any up to date news ?

The trading of shares in TWR on AIM are still suspended while TWR exercises the options granted to acquire 100% of Maskina AS. The last RNS of 25th Feb 05 below (news over two months ago) makes no mention to the fact that the loan to Maskina had been to acquire 100% of Transcom Communications Inc. a USA company established since 1998. TWR's options expire on 5th July 05. Therefore completetion of the reverse takeover/merger that is taking place must be fairly soon for this to be announced. Once this goes through, TWR will no longer be a cash shell and no doubt the suspension of trading shares in TWR will then be lifted.

It will be interesting to see how this effects the SP, hopefully this will then head north!

Tower PLC
25 February 2005



FOR IMMEDIATE RELEASE 25 February 2005


Tower plc
('Tower' or the 'Company')

Proposed acquisition of European based wireless communications company

Suspension of trading of Ordinary Shares

The Board of the Company notes the significant increase in the Company's share
price.

On 3 December 2004, the Company announced that it had entered into an agreement
(the 'Agreement') to provide a secured loan of up to 1,048,000 (the 'Loan') to
Maskina AS ('Maskina'), a USA and European based wireless communications company
(the 'Agreement').

Maskina has traded since the beginning of 2004 and has offices in Norway,
Iceland, Germany, UK and the USA. Maskina provides low-cost mobile voice and
data services utilising its expertise in advanced mobile data service platforms,
handset-based technology and voice over internet protocol ('VoIP') solutions.
Maskina's principal product enables mobile phone users to make international
calls at substantially reduced costs by utilising VoIP delivered by Maskina's
software platform. Currently, Maskina markets its services through selected
distribution channels to small and medium sized enterprises, mobile virtual
network operators ('MVNOs'), student and youth groups, mobile payment providers
and international non-governmental organisations ('NGOs'). Maskina's current
products enable mobile phone users to make international calls at up to a 70 per
cent. discount to mobile network operators' current pricing structures.

In addition, Tower announced that it had been granted an option to acquire the
outstanding issued ordinary share capital of Maskina, exercisable at any time up
to and including 31 July 2005 (the 'Option'). The Option enables Tower to
acquire the entire issued share capital of Maskina for a consideration of up to
243 million new Tower ordinary shares ('Ordinary Shares').

The Board of Tower confirms that, subject to the satisfactory outcome of the due
diligence exercise the Company is currently undertaking, it intends to exercise
the Option and has begun its preliminary due diligence. The exercise by the
Company of the Option would constitute a reverse take-over pursuant to the AIM
Rules and would therefore be subject to shareholder approval at that time.

Accordingly, the Board of Tower has requested that trading in the Company's
Ordinary Shares be suspended in accordance with the AIM Rules until the exercise
of the Option and publication by the Company of the AIM re-admission document at
that time.

A further announcement will be made in due course.

-ENDS-

Enquiries:

Vince Nicholls Roland Cornish / Michael Cornish
Tower plc Beaumont Cornish Limited
Telephone: 07767 420160 Telephone: 020 7628 3396




This information is provided by RNS
The company news service from the London Stock Exchange

The only other news that may have a strong bearing of the decision by TWR's board of directors to exercise the options of acquiring 100% of Maskina AS is the court findings & ruling supporting Transcom Communications counterclaim against petitioner AT&T. The court ruling may be a significant competitive advantage to Transcom, Maskina and ultimately TWR with a reverse merger/takeover completed.

legins, have you got any shares in this ?

No I personally don't hold any , my interest and any research I've done is more on behalf of a friend who does and is nursing some heavy paper losses. How about you, are you holding shares in this company?

Another Parker Rowe disaster as mentioned in previous posts.

That reminds me, I haven't heard from them recently!

last time they were pushing Millennium Medical if my memory serves me correctly, not currently on an exchange, but they can get me in "pre IPO"! LOL!

Due to float in July, according to PR, but later in the year according to other boiler rooms that waste their phone bills ringing me, so take your pick on timescale.

And if they don't float?

Oh well you can always hang the paper in the little room.

Well if I'm stuck for something to short then I'll have a look.

Cheers Andy.

Dil & Andy,

Are you aware that the board of directors of Tower Plc are the same board of directors of Griffin Plc(GFF)and that Tower was first established and is under management by subsidiary Griffin Securities? If so, I wonder what bearing Parker Rowe will have upon the future of Tower by your constant references and commentary in this thread?

Perhaps you have missed the following RNS articles (these do not show up on my AM stockwatch list):-

02/06/05 - Investment
02/06/05 - Final Results
02/06/05 - Acquisition
03/06/05 - Restoration Tower Plc
03/06/05 - Posting of Documents

Might make more interesting reading

Legins,

Isn't there a link between Parker Rowe and Griffith Securities?

I thought Griffith acted as Parker Rowe's broker, once they have made a sale?

I thought the reason for that is that Parker Rowe aren't FSA registered.

Legins , Parker Rowe peddle crap.

Parker Rowe peddled this , TCH and PSH.

What do they all have in common ?

Answers:

Stehen Deane
Griffin
Parker Rowe
They have all nose dived.


Stop peddling crap Legins , your getting as bad as Parker Rowe .

And the market showed what it thought of the above announcements.

Parker Rowe busy peddling the fund raising as we speak I suppose.

Dil, legins,

This is quite an interesting article, and answers one or two questions;


http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

And this is quite interesting too!


http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=397988&in_page_id=19&in_author_id=5

Did as you said and read the links and its still a pile of crap. They place shares at 5p last year and now place millions more and open offer at 3p so anyone who got in on your or Parker Rowes research is getting stuffed.


Anyone who gets call from Parker Rowe re this bunch may I respectfully suggest you tell them to go forth and multiply.

chart is pants...

links make interesting reading...

bargepoles and not touching spring to mind...

been offered shares at 4.4p anyone got anymore info on this!

queen,

4.4p? Are you kidding?

Who is offering you that please?

The last buys were at 3.5p, so 4.4p doesn't look like the bargain of the century to me!

I would ask yourself what you know about this company, and why you would want to buy this share!

Hi Queen
I suspect that the price is of no real consequence here, I guess that who ever is offering them to you is asking you to commit 5,000 or 10,000 in the first instance on the promise of new information to be released. At least that is how they ran the scam the last time, all I can say is do your homework, these boys are operating out of an overseas outfit that is not governed by the FSA. BUYER BEWARE imho

Loadsa

loadsa,

Well said, and completely true!


Queen1,

I suggest a quick check through the FSA website for clarification.

You can check the name of the firm ringing you HERE

Queen1,

You can check the FULL list of FSA blacklisted companies HERE

The news of Tower Plc's - Proposed disposal of Maskina AS, acquired just under six months ago, which if goes through as planned, this could be looking as if this will be a very interesting return on the investments of the shareholders.

If my calculations are correct the current market capitalisation of Tower Plc's total shares in circulation is 87,815,616 x 3.75p is 3,218,086.

However, according to this announcement if Tower's disposal of Maskina AS and its subsidiaries is sold, then TWR will hold 37.5% of the common shares in the new newly formed jointly owned company to be named VYKE and Tower's total shares will be valued at no less than Euro 37.5 million should the transaction proceed.

If my assumptions are correct then this looks as if TWR's shares could then be valued at about 27.5p each.

legins,

The phrase "if it looks too good to be true, it probaly is" seems to apply here!

I am VERY surprised the market has missd this, and they don't miss much.

Legins
Looking at the sale of a big holding back in August by a company called Griffin the %ages mentioned suggest much larger market cap than your calculations

They had left 2.87% of the shares equal to 11,281,773.

On that basis, if my maths is not wrong that means there are c393m share so a market cap at 3.25p of c13m or cEuro19m.

That's still a 50% discount to what they expect to happen but it does hit your upside - again if I'm right - so fully valued at 6.5p not 27.5p

Hope this helps

It's overvalued at the current price imo.

Wouldn't touch it with a barge pole.

They are not as bad as your "ramps" Dil which in all truth are terrible.

Dil this stock is going to be massive .30per share easy

confidnt,

this POS is being pushed by boiler rooms operating from overseas, that says it all really...

i woudn't touch it if it was the last stock on earth...

you'll see my friend you'll be eating your words next year.

LOL!

Any more Griffin Securities / Parker Rowe employees posting here?

woof

get a life boys

big year ahead for tower

rob,

So do you work for Parker Rowe, or Griffin?

Rob,

It's interesting to examine the chart, and in particular the time when Parker Rowe offered me Tower PLC at 5p a share to buy!




What is interesting is what caused the price spikes at the end of 2004, nd the beginning of 2005? in the total absence of any volume!

Interestingly, I was offered Tower at the end of 2004, at 5p, and they wanted me to commit 5,000!

An interesting site for new investors!

http://www.boiler-rooms.co.uk/

to connect, click HERE


Beware of "brokers" (LOL!) cold calling you and offering shares in companies you have never heard of!

They offered me Tower at 5p!

Check the price now!

I figured if the 100% profit the guy said was "guaranteed in the next six weeks"! They would keep the shares themselves, rather than ring me out of the blue and offer me this 'instant profit'!

There's no such thing as a free lunch, nor a benevolent stranger making an unsolicited phone call to offer you free money!

There is an excellent thread on Motley Fool dedicated to boiler rooms, and the dangers they pose for your financial health, and can be accessed by clicking HERE

Our small office must get a dozen calls a month from these damned so-called investment companies trying to convince you to part with your money on a sure-fire winner ..... They get very short shrift from us, and many then have the cheek to get uppity about the response

cynic,

I think you have to be a special form of lowlife to offer people shares you know aren't worth the paper they are written on, so getting "uppity" would be consistent with their make up IMO.

In particular, anyone offered US stocks should enquire whether they are OTCBB shares, effected by REGULATION 'S'!

This little known about regulation prevents you from selling such shares in Europe for on year, and then you have to pay a US lawyer to take off the restriction!

In most cases, if you did all this, there would be little left after the lawyer's fees.

Oi Legins ..... still in ?

Whats "the word on the grapevine" muppet ???

Dil, There is an interesting article about you on page13 on The Mail on Sunday. The headline on the article reads "Now it's ASBOs for sheep" (That's Anti-social Baa-haviour Orders)"

legins,

Any more shares to avoid from the Parker Rowe / Griffin stable?

lol legins missed it , I only read The Sun