.

Hunter, I notice you started a thread just for bashing EVS, you recieved 2 posts, both your own by the look of it, that tells us your story ....

I am in for a ten bagger, you will lose out, not me.

Hunter = squelched

Go find another bashing buddy, and I will squelch them too .... NEXT !!!!

Just more of the same old crap. What a wally. Leave him to his day dreams people

MS

The phoenix is rising .... up 42.9% right now .... will be a 10 bagger for me within 12 months .... LOL !!!!

ROTFLMAO at the bashers !!!!
PM

Unfortunately L&G don't appear to agree !

If they l and g did not agree they would have sold the lot?

I would hazard a guess they have only just started. No point in selling a small part at this late stage IMHO.

I have no position in EVS.

Hi All,

Maybe they are just balancing the portfolio, there is NO way of knowing if they will sell any more or not.

As Capetown says, they could have sold the whole lot today, if they had wanted to.

Cheers,
PM

Hi All,

I wonder where it will go today ....

Before the trading update the SP was just 1p so plenty of scope for recovery to there at least, pending the "several significant aquisitions" backed by institutions, that are the reason for me staying here.

Cheers,
PM

pm1, the phrase 'the Company will need the continued support of its bank' means that the life of the company is hanging by a very thin thread, namely the belief, if any, by their bankers that the company will eventually make money. The next sentence, "Envesta has historical capital losses of 10.7 million", means that it is very unlikely that the bankers will think that.

The company has issued three profit warnings in as many months and is obviously on the verge of bankruptcy. The previous statement about several significant acquisitions was issued before they realised they had no money to pay for them.

While miracles occasionally do happen, over the years I have seen plenty of situations like this and I hate to see people get hurt through listening to perennial optimists like you. Everyone does need to realise that the chance of the company pulling through is very small indeed.

PM,do you know when the results are out?

At last someone is talking sence. Time to get real PM1

MS

The answer is DOWN

Has everyone forgot that EVS have Institutional backing for whatever plan they have, it's still a good gamble from here ....

"Over the last few months the Board has been in detailed discussions with a
number of significant acquisition targets that have the requisite attributes to
contribute to Envesta's focus on Retail Voice and IP Data delivery. Upon the
successful completion of these acquisitions, the new operating companies will
work together as part of the Envesta Group, moving towards using VoIP as the
chosen platform for delivering voice to end-user customers. The presentation of
Envesta's strategy to these companies has been warmly received along with
institutional interest in investing in the acquisitions."

The fact is, that unlike several cash shells, which they are not yet, EVS have institutional backing for aquisitions, which those institutions have already seen and approved, surely thats positive enough for people to see that once those aquisitions are made, the price will go up and up. Institutions don't back losing plans, or impossible odds, they back what they think will be big winners.

Vote for Ken Clarke

pm1, EVS have no cash, only debt, and so they will never be a cash shell, let alone make the acquisitions they thought they could make months ago, before the three profit warnings!

More like stability warnings.

LONDON (AFX) - Shares in Envesta Telecom more than halved - by 0.55 pence to 0.42 - after the company warned it might still need support from its bankers following the sale of Seven Telecom, its sole trading company.

Several indications of interest for Seven have been received. However, there is a real prospect that the funds received from the disposal of Seven will not be sufficient to remove the guarantee from Envesta on the secured bank borrowings of Seven currently capped at 1.1 mln stg, Envesta cautioned.

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Another Pauly ramped disaster , you really are a muppet mate.