It appears that investors have been mislead by WTV:


5.10 The Committee wishes in conclusion to emphasise the importance of clear
and accurate public announcements and of consulting the Executive when
describing the operation of Code provisions in such announcements. It notes
that the Company's public announcements in December 2004 and April 2006 were
both inaccurate in describing the operation of Rule 9. Furthermore, the
announcement in 2007 did not explicitly make clear, as in the Committee's view
it should have done, the extent to which the 2004 ruling no longer applied.

end.

Does this judgement suggest that the regulators of AIM companies should punish the directors of WTV that ensure investors are compensated for the damage they have endured over the years?

What action will be taken by Hagerty now?

It could be that we could see a flood of legal actions against directors, past and present to right this wrong.

I see WTV are now thinking again but looking at the announcement are under pressure from the Concert Party to delist still. You think they would have taken more notice of what the takeover panel had to say about them making inaccurate announcements and just said they were dropping the idea.

It is more positive news though as they have now talked about the SAG. Is it not better to have hundreds if not the odd thousand investors helping promote the company rather than the other way around.

Having looked at the wtvaction.org website and reading between the lines, it would seem that the FSA regulate the Nomads and the London Stock Exchange.

Could the other factors WTV were considering be a possible investigation into the Nomad and even the LSE by the FSA, following the ruling made by the takeover panel, who made very clear statements that the company had made pubic announcements that were inaccurate. By that one has to assume they also mean they were misleading investors, as they were advised by Brewin Dolphin, I guess they will be the ones under examination as well.

This SAG really seems to have some strong leadership and may yet get to reap the rewards, as it seems to me they must have a lawyer on their team that has more weapons left that are ready to deliver damaging blows that could leave the directors running for the exit doors and looking to get those informal offers onto the table to save face.

Yet another SAG has failed. Delisting back on.

Brewins advise investors to reduce on one hand, and on the other say that the company will receive a better price once delisted.
Being paid by the company that is controlled by the CP and facing both ways and wearing the hat that fits at any given time.

Is it members of the CP that have been buying since last Thursday?

14.3% rise today and 1.5 million buys as T trades on top of those last week.

The CP?
A Bidder?
A risk taker?

End of Aug EGM puts the delisting recommendation to shareholder vote. The Concert Party already support the recommendation and by far are the majority holders. Cut your losses and get out, I can see any gain in waiting for the inevitable.

Not worth a light as dealing costs almost exceed the value. Been robbed by the dilution and may well be robbed again but you never know something could happen to the evil bunch that have done this, that would make them think again.

Try the Vodo and stick pins in effigy dolls as a last resort.

I see the shares will be traded through Jenkins if delisted.

No longer listed but beware if ever you see Loan Note: Concert Party: Steve Garvey: Evelyn Kimber. Now dealing is only through Jenkins. Further dilution through consolidation? Options for the directors for towing the Concert Party Line?

FYI....

Todays Daily Telegraph highlighted the failure of takeover talks at World Television (WTV), with an apparent offer of 0.3p per share being rejected. Controlling shareholders and management, supposedly, would not accept any less than 1p and the offerors would only go as high as 0.5p. Meanwhile, the shares have been cancelled from trading on AIM at 0.14p, so anyone still in will have to bear with their off-market paper in the hope that a cash bidder reappears.

They have trapped investors and locked them in, while they choose when they want to do a deal, after having diluted everyone by 54%.Sheer greed. I would rather take 0.5p now than wait for them.

No takers through Jenkins to date, even at the level it left the AIM market.

Is this what the directors wanted?

I see WTV are up for an award. Pity they will never get one for IR have delisted and stuffed all small investors.

Has anyone ever traded though Jenkins?

Anyone from AD here?

I am moving over for L2 in the next few weeks so thought I would register for free first.

A D ?

Good to see a post if nothing else.

The Takeover Panel say they gave investors inaccurate information but have failed to protect small investors. The AIM market sucks.

Hi Bizpack,

Are you a member of the SAG?

You ask A D?

vfn , do you post over there under another name?

Good to have you over here clocktower. Good luck with your attempt to get the directors to consider the small private investors.

I signed up to JP Jenkins a few weeks ago but have had problems getting onto the site at times.

Hi Bizpack,

JP`s site has gone down on several occassions but I have just checked it, and can confirm it is up and working. Not that there are any trades to talk of. The only WTV trade since delisting was on 06.11.07 volume 676497. So the liquidity went out the window with delisting, and the sp has not improved either. So the directors excuses are lame to say the least.

Hopefully, things will pick up soon.

I just took a look at what you have been posting on the other site you post most on clocktower and see you have pasted a lot of links that show the company is pretty busy. Tell me is the video manager one of Jim Halls ideas?

Hello again Bizpack,

Sorry not to get back to you before. I cannot be sure who was responsible for videonewsmanager.com but they have picked up some impressive accounts.

What is also pleasing is that there has been a small rise in the sp on the Jenkins Website but without trades. Hopefully, there will be better news around the corner as far as the minority shareholders are concerned in 2008.

WTV minority stakeholders diluted again if the company is sold for any figure above 10 million and because of a drag and tag clause approved at the AGM - minority holders will be forced to accept it - if the controlling CP do. While WTV state this does not beak the takeover panel rules - I suggest that it seems that it drives a horse and kart through them.

There are also serious issues and answers needed in relation to the sale of Kamera. At the AGM it was discovered that since the sale of 90% of Kamera WTV only owned "B" shares in the company. It has since been sold for a figure that may amount to around $10 million - only a short time after 8% was sold for little more than 1k.

It also seems WTV failed to note this "B" share situation in any accountsor documents as far as I am aware.