This used to be called VTB.

They have fallen from about 3p since June & they reached 7p a year ago.

The share seems to be showing signs of life.

I've put a small amount in again as a big gamble.

This goes aginst what I usually do because it is an AIM share with a big spread but it's only a small amount just for fun.

What a change in just two days GGekkko.

If the company now announced that they now had no intention of de-listing following investor concern, this would at the very least double again.

From advfn



euro99 - 20 Jun'07 - 08:01 - 2991 of 2992


Quite interesting this.

The panel phoned me last night to tell me of the ruling, and to ask that details were not released on message boards or communicated to the press pending our appeal. Since we had already given written notice of our intention to appeal the ruling and discussed this on several occasions with the panel executive (it may surprise you, but as we understand it the panel itself has not yet met to consider this - only the "executive" to reconsider their own actions), we agreed to this and kept all discussions with the panel confidential in order to prevent misleading releases to shareholders.

For the record the panel also told me last night that releases made by the company were "wrong" and made "without the consent of the panel" - ie. the releases saying that conversion of shares would require the majority consent of independent shareholders. This will now be the subject of legal action by the shareholders, subject to the decision of the Action Group committee.

We advised the panel that we would continue to deal with them confidentially on condition that the company respected the same rules and no announcement was made that would or could mislead the market.

So, for the record THERE HAS NOT YET BEEN A FORMAL PANEL HEARING - which we REQUESTED IN WRITING ON 1st MAY. There will be an appeal, and until the appeal is heard properly (and we are going to request that it is heard in public) the announcement by the company is STILL SUBJECT TO BEING CHANGED, just as it has been once already.

I see that on the wtvaction website an appeal dated of 4 July 2007 has been posted. I take it that is the date that has been set for the formal panel hearing.

Is it in public?

Will the press be there?

Can other smalll investors in other stocks turn up to let these regulators know that it is about time they put a stop to these AIM companies treating small investors as trash?

It has been going on all over the market, and it is about time that everyone stood up to be counted, as it could be you that could be hit next.