.

haystak you seem to be HAPPY!!

Not really. I just can't believe that people let themselves be taken in so easily and tolerated the agressive ramping of this stock. I warned people abut EVS over quite a long period and gave reasons. Various people tried to stop people replying to me on here. In the end peteark (who started the thread) said he was sorry and should have listened to me.

People like Haystack are sometimes seen as troublemakers, but that is mainly because they present a view that is opposed to the generally held one. In this case, as in others in which in the past Haystack has made himself a total nuisance, he has turned out to be right. That is not to say that he will always be right, but it does highlight the danger in trying to drown out dissent on these threads.

Of course if people were absolutely convinced that their stock was headed for glory, they would not feel the need to hammer down any dissent. It is only because they know that things are not rosy that they are worried about the effect that negative posts may have.

It never ceases to amaze me that even when the bells have started to toll, there are people who still appear to be unable to understand the essence of the situation, see post 1571 et seq. I do hope that no one here bought more after the last RNS warning (11th October). That RNS basically said that the company was on the verge of bankruptcy. They really could not have said it much more plainly.

It is your money chaps, but the moral in the story is that the opinion of socalled 'derampers' is worth listening to. Generally speaking they have been in the business of trading or investing for far longer than others. Unequivocal support for a stock is the mark of a novice. Careful consideration of positive and negative opinions is the stuff of successful investing.

well haysatck

dont rejoyce,
what goes around comes around,yers you were right,but its your obvious glee that i find DEEPLY offensive,not quite as offensive as the director bastards of evs who should be locked up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am not expressing any glee in the matter at all apart from the knowledge that many of the people who were responsible for dragging people into this stock have lost money. A very similar scenario occurred with ELH, DLG, MMD and quite a few others I could list. I have a nose for spotting stocks like this. When stocks shoot up in price by absurd degrees, there is usually something wrong.

There are several other stocks which are going the same way as EVS in the near future. Be careful you are not invested in one of them. Listen to alternative views and make your own mind up.

well thats ok then,haystack,so less of the lol in capitols!!!!

The LOL in capitals was that they only got 175,000 for the company that they were claiming was making millions. I used to do financial modelling at ICI in their treasury dept. One of the senior accountants showed me how companies make their businesses look better in their results and how to spot them. EVS's results look very different if you ignore the hype and look at the figures.

By the way, where are the 1m fixed assets that were mentioned in the last set of results?

http://moneyam.uk-wire.com/cgi-bin/articles/200503230700110999K.html

Tangible fixed assets 1,137,630

Haystack,
you say there are several other stocks heading the same way as EVS.....could you give us a list of what ones you are talking about? Give us amateurs a chance to get out before losing too much!

Thanks,

Steve

The assets were the 7 Telecom network at their book value.

It is fair to say that they were a little on the lean side with their depreciation schedule. At the end the book value was still over 1m whereas in reality it was worth no more than was acheived for out of date switching gear.

That's what I thought. The writing was on the wall when they said that their core business was volatile and they would not be expanding that area.

This is from the trading update in July and says it all. This was where they made their money. If you read the implied meaning then you can see they are in trouble.

"While this is an important part of the UK market it has always been and continues to be a volatile sector. Envesta competes in this market by continually seeking new niche opportunities. Our strategy is not to grow this business further".

So what now for the P.I's that hold this. Where do they go from here? What about L&G are they still in? We all know the story but what about some advice as to what happens from here.

MS

mickey you cant do anything until the debt is made clear it looks like the debt is higher then the assets in which case pis will not get any money back.you are stuck in as the shares are none tradeable at the moment.

The latest announcement says it all. It is a shell and won't trade. If someone wants the company for the tax losses (not certain as there are loads of companies around like this) then the company would probably be sold for those losses. The price would be pretty low and the money would be used to pay creditors. I doubt that there would be anything left over for shareholders. The bank are not going to give them any more money due to their ability to lose the bank's money in the first place so they aren't going to trade. I suppose one of the next major events will be EVS delisting from AIM unless someone wants to buy them for the listing and then change the name.

"Following the disposal, Envesta is a shell with historical capital losses of 10.7 million, owing funds to the bank of approximately 900,000 (assuming none of the contingent element of the Seven consideration is paid) with creditors of approximately 170,000, and will therefore require the continued support of its bank and creditors. The Directors are at present reviewing possible alternatives for the Company and a further announcement will be made in due course."

on the plus side i understand an LSE listing is worth about 500k....an asset but a mere drop.

haystack
i appreciate what you say, and you have gone some way to redeem yourself in my eyes. the point is that many novices have lost a lot of money here. they are the future of investing and need nurturing. what is NOT needed is a bb full of " i told you this was shit " AFTER the event. ( i dont include you btw as you have been bearish as long as ive had this share ).

Impending news?

Remember DYOR

come on annbar--give us a clue!!

How long can shares be suspended for,anyone?

there is no time limit

I have seen AIM shares suspended for more than a year.