Pearl Street Holdings Plc is currently a cash shell that floated on AIM Index 879 (Other Financial) on 8th October 04 @ 5p per share.



This is another company float that is rumoured on the grapevine where it seems PSH has agreed and signed a deal to a Reverse Merger with a well known large Private Ltd company (name cannot be given out yet by PSH due to stock market rules) and with a Market Cap in triple digit millions. The rumour has it speculated that given the size of company following the reverse merger and once the RNS announcement is made, due in approx 4 - 5wks time so I believe, the SP is expected to leap to +40p per share within about 4 - 6 wks before profit taking and for retail and instutional investors to become aware when there will be the expected flood to buy in and the SP to surge to +100p per share.

Not having much knowledge in Cash Shell Plc's or Reverse Mergers, whether there is any truth in the rumour/speculation or not is yet to be known and as we all are aware with the risk in investing in any type of speculative float, there can realisticly only ever be money that investors are prepared to loose when buying such shares. At the same time it is normally expected that the bid/offer spread MM's would make on speculative small-cap AIM stock is +15%.

However, since floating the SP for PSH has increased 20% to 6p per share with the MM's bid/offer spread at an acceptable risk level @ 8.333% for a marketable companies share. Therefore, perhaps there maybe some truth in the rumour, after all the MM's are the one's who have the inside info and what they are in the know about tends to reflect in the bid/offer spread.

One that's on my radar and worth creating a discussion thread on!

Where's Legins ....... ??????

Parker Rowe disaster , do you work for them Legins ?

Dil, do you like sex & travel - see you next tuesday!

Legins,

Interbulk, one of the latest Parker Rowe "analysts" selections, apparently, now on the slide too I see!

Andy,

Thanks fo letting me know about Interbulk. I have not been aware of them before as Parker Rowe is unlikely to ever have contacted me due to the fact that they know they would only get short shift from me. I dislike intensly high pressure cold calling salesmen and their unauthorised and unregulated practices.

For those who have sucumbed to this and have invested in the highly speculative cash shell Plc's like PSH & TWR I feel that your message has now driven it home hard enough for them to understand what the potential hazzards have been of loosing their cash. Ultimately, this has been a decision of their own choice! So now can you move on and as you feel so passionately about it, either create a separate thread on the subject of Parker Rowe or, for the sake of investors who are now nursing a paper loss in PSH, focus your +ve or -ve comments on the direction in which the company is heading and in the high margin niche health services markets of The Health Group and their YourHealth+ products. I'm sure that this is what the majority of investors will want to know about. Parker Rowe fiasco is old hat and has no bearing on the share price of PSH.

Where am I going next Tuesday Legins ?

legins,

If you are a Parker Rowe employee, im not sure you should be posting here!!!

They read , they post , they ramp.

Dil,

Why are you so condesending, do you get some kick out of it. If you have any factual information to support your rhetoric ranting, state the evidence, else you seem to be no better than a Parker Rowe's Boiler Room salesman IMO.

I think if someone were to see you next Tuesday it is because may have dug a hole for yourself you can't climb out of! Can you dispute that? You have yet to make a constructive factual +ve or -ve comment on PSH.

On the face of it PSH look good but the chart says otherwise and I aint going to argue with it Legins.

Post 43 was not aimed at you as I don't believe you do work for Parker Rowe and it is their salesmen it is aimed at who do read , post and ramp and I do have proof of it on another board.

Oh and talking of facts Legins , opening post seems to be more fantasy than fact.

This share has been on my watch list since the float.The most obvious points are
1)the general drift down and this pattern folows many other floats that sing a good song but fail to deliver quickly such as Aerobox and Supercart etc.
2)this is the worst point that on many days there are no trades at all, this means that there is no real market in the shares. I feel sorry for the people that were sucked in at 5p or more.I'm still watching and may buy at 1p.

legins,

Whilst I can accept you may not be a Parker Rowe employee, even you must admit it's a strong coincedence that out of over 3000 stocks on the LSE and AIM, you seem to be posting on those threads where Parker Rowe are selling/promoting the shares?

Still a pile of sh*te ... Parker Rowe can't half pick them.

Anyone know what they been peddling the last couple of months cos they don't ring my mate anymore ?

they should be locked up i reckon, this is criminal...

The law needs tightening up to get rid of cowboy operators like PR and to stop tw*ts like Stephen Deane benefiting from floating piles of sh*te.

Dil,

Anyone contemplating doing any business with a boiler room should refer to this site, even if only to check whether the company ringing them is a banned one or not.

http://www.crimes-of-persuasion.com/Crimes/Telemarketing/Outbound/Major/Investments/overseas_ops.htm

From the FSA site.
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Frequently Asked Questions

* What is a 'boiler room'?
* How did they get my telephone number?
* Can I stop them from calling me?
* How do I know if this is a scam or not?
* Can I change my mind?
* Will I lose my money?
* What can I do?
* A company claims to want to buy my shares back - should I sell?

What is a 'boiler room'?
A 'boiler room' is a businesses located outside the UK, which tries to peddle worthless shares to unsuspecting investors. These scams target anyone and sound very believable.
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How did they get my telephone number?
We cannot be sure how boiler rooms identify their potential investors, but we do know that they use business directories and publicly available registers of shareholders.

Be careful when you are contacted out of the blue and be aware that responding to an ad or by asking for additional information, for instance, gives the callers permission to contact you again with their bogus "special offers".
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Can I stop them from calling me?
Once you have been targeted by fraudsters, it is difficult to stop them from calling you. Boiler room operatives are persistent and they may call you again and again, hoping to clinch the deal. Remain firm and terminate conversations early and they'll eventually give up.
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How do I know if this is a scam or not?

It's hard to tell whether it is a genuine opportunity or a scam designed to rob you of your savings but use our top tips below to help:

* Consider the approach. Did you invite these people to call you? If not, what is their motivation in calling you, rather than collecting your cash? Are they offering you something special like higher than usual rates of return with very low risk? If it sounds too good to be true, it probably is!
* Check that your firm is authorised by the FSA
* Are you satisfied this is a genuine company? Do they have a proven track record you can verify with an independent party, such as a professional body?
* Ask for additional information from the person who contacted you. This could be company registration documents, terms of business or printed prospectus. Check the company registration against official websites such as UK Companies House or the overseas equivalent.
* Independently research the firm and individual who contacted you and the product they offered. But beware that internet sites are not always what they seem fraudsters can easily set up fake sites.

If in doubt seek professional advice from a trusted independent financial adviser or lawyer.
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Can I change my mind?
A boiler room which has cold-called you cannot enforce any agreement against you. If on the other hand you verbally agree to purchase shares from a legitimate firm, the firm may be able to sue you if you decide not to proceed. We therefore advise you to take the recommended steps to satisfy yourself that you are dealing with a legitimate and reputable firm before making a commitment.

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Will I lose my money?
If the offer is too good to be true, then it probably is! Dealing with an unauthorised adviser or firm means you don't have access to the financial services compensation scheme should things go wrong.
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What can I do?
If you have been a victim of a boiler room fraud, you should retain all material and documents provided to you, such as bank statements and contract notes. You should report the matter to the FSA and also your local police, even if it is only for their information. Based on a number of complaints, the police may be able to assess the magnitude of this fraud. Testimonies by different people will help paint a fuller picture and co-ordinate their actions better. However, don't raise your expectations of getting your money back, as this may prove very difficult indeed.
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A company claims to want to buy my shares back should I sell?
It is likely that your name and details have been passed on or bought by another fraudster, pretending to offer you a lifeline by buying your worthless shares. There are many such operations which are sometimes known as recovery rooms. In fact, the only thing they ever recover is more money from the victims. You will notice that before you get any money from them, they require a payment of "a purchaser bond" or "guarantee" or a "fee" of some sort, allegedly to release the shares or to secure the deal. However, after these people receive their "fee", they just disappear and you will probably never hear from them again.
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http://www.fsa.gov.uk/consumer/01_WARNINGS/scams/share_scams_faqs.html

C S Advisory, (Marbella) have just advised me to buy Interbulk, the Parker Rowe play from last Xmas.

Seems like they not only pass your contact details around, but the shares too!

Some very interesting posts regarding Boiler Room operations, Andy. Thanks for letting us know to also avoid C S Advisory. I seem to remember an unsolicited call from this firm a few weeks ago but "smelt a rat" almost immediately as their salesman's introduction was insistent that I had previously indicated an interest in their services, and as I hadn't, I terminated the conversation very quickly.

I ageee with you that fellow investors need to be made aware of Spanish "Boiler Room" operations which seems now to become more common and related to a number of AIM listed stocks. I just wonder how well your posts will be noticed if you limit these to the PSH & TWR discusion threads as not all will read and follow this topic to help stamp out.

Perhaps also it may be well worth posting this topic on the Griffin Plc (GFF) threads as PSH, TWR & INB amoungst others are all AIM listed companies that have been formed and are under management by GFF's wholly owned subsidiary Griffin Securities and all of which seem to have the same board of directors.

To me it looks to suggest a strong link between GFF and Spanish Boiler Room operations as all of the GFF formed and managed Plc's are where shares have been sold through Parker Rowe (Barcelona) and C S Advisory (Marbella)! When you compare the charts of these companies it looks as if whenever these shares are being sold by these spanish boiler room operations the share price has risen only to find that once the investors have been sucked in the share price then falls. As these Plc's have initially been cash shells it should make you question why and how an investment in these shares rapidly falls in value. Where has the 50 - 75% value of capital lost by investors gone to reflect this in the SP? Is this loss due to commission paid to the Spanish Boiler Room operations as how else are they earning their money from selling these shares.

Is the FSA investigating Griffin Plc?