.

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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edit

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

Oi Mike please bring him back .... makes picking shorts a doddle with him around.

We have been away for a week or so - not a nice homecoming to see the price thrashed as well as the company.

Amazed Advans has shown his face on the other side - he may not have done much wrong (so he says) but we are somewhat surprised at his actions - unless he is going to make a bid for the company! There is no doubt he made some investors very happy.

Regards all.

Remember DYOR

annbar, hope you all heeded the warning and are not locked in now! I did try my best to warn people on here but no one wanted to listen :-(

tangle - 29 Sep 2005 23:07 - 1474 of 1593
annbar, you would all be wise to act asap, I think you Know what I mean ;-)
2LB is no fool!

For those of us that are still in this stock,,
It is good to see someone just bought 4million,and encouraging to see that Legal and general are still on board,
And i know there are some on here who cant wait to say its all over,but this can happen to anyone so try to be kind to yourselves.

Tangle -

Thanks -

Yes - if a man knows it's 2LB.

Regards

Tangle / annbar

You have my genuine hopes that you come out at least something to show for your loyalty. I would not rule out the possibility that there is a chance that the EVS listing may be used in some wierd and wonderful way for a new venture.

The core business however is dead - I still expect 7 Telecom to be bought for 1 by Steve Evans in the next week or so, possibly out of admin to leave the debt behind. EVS itself may them re-emerge with some facy new venture but it would need to trade first since I can't see them being able to raise any money after what has happened.

I have not hidden the fact that I took a hefty loss on this, and am now grateful for selling when I did and at least miniminsing the loss to 50%. I have also made it clear that the market was NOT the problem - it is as vast as always but the management were walked all over by a competitor who took their entire trading away in a matter of months - that is NOT just down to bad luck, I feel the L&G deal and a few other things made them totally complacent and thay sat back and let it happen, spotting the problems too late.

For any long term holders I would like to see a happy ending but I can't see it.

Just to really make you smile, I put what I got back from EVS ( still five figures ) all into LGB, also known as the roullette wheel of AIM, round and round and round she goes, where she stops nobody knows !!

Regards
2LB