will it ever recover to the 38p i paid for them??

exactly, that is why we need to see a trigger. i would rather pay 25p+ with a certainty of contracts (substantial) awarded, than mess arround in these while they yo-yo on speculation.

of course you have to "be in it to win it" but if contracts come you will be a winner even 50% higher than here.

buy on fact this tiome around...

rgds

agreed - when firm orders come in this could go big. But I think many are waiting for the news.

For those who want to speculate, now is the time to get in as this is now hovering at this cheap price.

some rapid but small tick ups

??????????????

SOmething afoot?

Something's afoot all right but not in the right direction. Watermark has just announced that it is suing ARX for breach of contract. Engines on fire, bale out fast!

What breach of contract, you cant make statement like that without more details please?

Hitting the share price whatever this news is, is Innobox likely to go the same way?

Adieh,

It's in the RNS!


27 May 2004

For immediate release 27 May 2004





Watermark Group plc ('Watermark or the Company')


Agreements with Aerobox plc





Watermark announces today, 27 May 2004, that it has served a notice for breach
of contract on Aerobox plc in connection with the contracts entered into on 3
September 2003. This requires Aerobox plc to remedy a number of significant
breaches and misrepresentations under the agreement relating to the production
of cargo ULD's for aircraft.



For the avoidance of doubt, no current or future income revenue contributions
from Aerobox plc have been factored into any 2004 or future projections produced
by the Company. Nor has there been any valuation reflected in the Company's
balance sheet in relation to its rights for equity in Aerobox plc under the
subscription agreement.



Watermark continues to believe in the opportunities which this market offers in
the long term. Future developments will be announced as appropriate.





For further information:


John Caulcutt, Chief Executive John West
Crispin Quail, Finance Director Claire Melly
Watermark Group plc Tavistock Communications
Tel: 01489 897800 Tel: 020 7920 3150



End.


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

Thanks for that, all looks abit gloomy, glad only a very small holding, not worth selling just stick to the back of the drawer. Would like to know abit more about exact breach of contract?

From 3i BB

"Pyglet - 27 May'04 - 14:39 - 1570 of 1606

Just spoken to Richard Scott - they are drafting an RNS which should be released later today which will put more meat on the bone. He thinks that if anything it is a sihgn of good news and is nothing to panic about. He had to go as the lawyers were on the other phone."

guess arx have done a deal or are about to do a deal without going through the wmk path. wmk want to make sure they get their slice of the pie.

Initial panic seems to be over, if it is over a new contract then its a sort of
positive note, lol, keep smiling.

How interesting!

Adieh,

we'll see, but I don't share the optimism being thrown around on the ADVFN thread, not yet at least!

RNS just out, looks like areobox arn't happy with waterhouse actions, areobox have the patent and the product... Should come through with large order in the near future. Fingers crossed...

Adieh,

Well that's what people are ASSUMING on ADVFN, but there's no substance more that wishful thinking to their posts IMHO.

This is clearly somewhat messy, and both sides seem headed towards litigation, which will be both costly, and a distraction form the main business.

The market doesn't like doubt, yet that is what ARX now has unless they announce a decent order in the very near future.

Without this news they were is a downtrend, and burning through their cash.

I cannot see how these RNS can possibly make anyone feel better about ARX, or the shareprice.

The RNS eluded to a deal that is what has caused this split... Lets wait and see if the contract is announced.

Adieh,

And the next one please!

This is certainly starting to look messy now IMHO.

--------------------------------------------------------------------------

Watermark Group PLC
27 May 2004

Watermark Group plc ('Watermark')

Agreements with Aerobox plc

Watermark announces that it is in receipt of a termination notice in relation to the Agreements dated 3 September 2003 from Aerobox plc and has noted an announcement made by Aerobox plc, issued after Watermark's own decision to announce the requirement for Aerobox plc to remedy its substantial breaches of contract.

The allegations contained in this announcement are completely without foundation and will be vigorously resisted. Watermark will, in its turn, take all action necessary to protect its interests and rights arising out of its agreements with Aerobox plc.

For further information

John Caulcutt / Crispin Quail Jeremy Carey / John West
Watermark Group plc Tavistock Communications
Tel: 01489 897800 Tel: 020 7600 2288
e-mail: info@watermarkplc.co.uk e-mail: jwest@tavistock.co.uk

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

Adieh,

The company announced this only 8 days ago, and IMHO, this does not alude to substantial orders in the pipeline, or otherwise surely they could be accused of misleading the market?


"The Company anticipates further orders but timing can never be certain".

rns from today....

LONDON (AFX) - Watermark Group PLC said allegations made by Aerobox PLC in
connection with the companies' dispute - both accuse each other of substantial
breech of contract - are completely without foundation and will be vigorously
resisted.

Watermark said it has received a termination notice from Aerobox in relation to
their agreements dated Sept 3 2003.

In Sept 2003, the companies formed a 50-50 joint venture to market and supply
globally lightweight and durable airfreight containers - dubbed ULDs, for unit
load device - produced by AeroBox, with Watermark providing marketing expertise.

In a statement yesterday AeroBox refuted allegations that it has breached the
terms of the Sept 3 agreements with Watermark.

The statement came as a reaction to Watermark announcing earlier the same day
that it has served a notice for breach of contract on Aerobox relating to the
production of cargo ULD's for aircraft.

Aerobox said yesterday that, just prior to that announcement, it received a
letter from Watermark requiring AeroBox to remedy the alleged breach of contract
within 30 days.

AeroBox said it has been in discussions with Watermark in relation to AeroBox's
dissatisfaction with the marketing arrangements for over five months. Until now,
discussions have centered around AeroBox's serious concerns at breaches by
Watermark of the agreements, it said.

AeroBox said it has repeatedly asked Watermark to remedy these breaches and
provide invoices to substantiate the level of its marketing expenses which
significantly exceeded the agreed budget. 'Watermark has failed to do so,' it
said.

These breaches resulted in AeroBox terminating the agreements yesterday with
immediate effect.

Termination by virtue of breach by Watermark of the agreements results in
Watermark's rights to subscribe for between 10 and 12.5 pct of AeroBox equity at
nominal value automatically lapsing.

AeroBox yesterday added it believes that appointing several sales agents
focused on specific territories will result in a faster roll out than would be
possible under the Agreements with Watermark.

newsdesk@afxnews.com

lam

News that Watermarks CEO and FD have lifted they stake in the company.