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!

Beasties. The rumour and speculation of this reverse merger into PSH is in the public domain on various BB's and is where I came across it when researching into TWR.

The source of this rumour though, may have originated from Parker Rowe but it certainly does not have a mention on their website and can't be sure if they are trustworthy as the FSA have issued an alert stating that Parker Rowe is not authorised under the Financial Services and Markets Act 2000 (FSMA) http://www.fsa.gov.uk/enforcement/parker_rowe_30sep04.pdf. But never the less, judging Parker Rowe by what they state their investment services are all about on their website, they could very well have the inside info into any number of AIM Listed Floats and Private Equity Ltd Co investments.

If you are naturally a scepticism/sarcasm personality then I respectfully suggest to look at FTSE350 shares to invest in. However if this is over your lack of knowledge into the implications of cash shell plc's being reversed merged into by Private Ltd Co's and the cost effective way of being a wholly owned susidiary of a Plc and access to a pile of cash then some DYOR may give you some confidence. Try Griffin Plc as they are the brokers for PSH and I doubt very much that they would involved in brokering a reverse merger deal unless it has some substance to it.

The SP for PSH is up 3 days in a row now with today +7.69% and +40% since it has floated.

Fair enough Legins. I apologise if I caused offence. This one caught my eye yest and I thought I'd check out your thread. You obviously have done some research, but as I know nowt about this share I just tried to probe you for info. As you are no doubt well aware there are enough shares that get ramped up and are flavour of the week, and it's sifting the wheat from the chaff that is the challenge. I AM naturally sceptical/sarcastic as I find by being that way I avoid a bit of unnecessary pain (learnt that from experience!!). However I will decline your offer of trading safe stocks as I prefer a bit of a challenge!!!

Thanks for your info; I shall set about delving into this. Have a look at TLT. That chart is mouth-watering. It's about to go again. Funny you should mention TWR, as it caught my eye at the same time as this one. Does that mean there's someone out there with the same criteria as me? Scary!!!

This stock looks like the SP could now be about to be going into the stratosphere. Watch this space as it seems investment guru Stephen Dean is the mastermind behind this company!!

RNS Number:8025E
Pearl Street Holdings PLC
03 November 2004



FOR IMMEDIATE RELEASE 3 November 2004

Pearl Street Holdings plc
("Pearl Street" or the "Company")

Financing of health services company and placing for cash

The Board of the Company announces that on 2 November 2004 it entered into an
agreement (the "Agreement") pursuant to which it has agreed to provide a loan of
up to #600,000 by way of unsecured convertible loan notes (the "CULs") in The
Health Group Limited (Health Group").

Health Group has traded since February 2002 and operates from premises in
Bracknell, Surrey. The company's activities include the provision of tailor-made
private healthcare packages to both corporate and individual clients. Health
Group arranges private healthcare of UK and international patients who pay for
operations on a private basis, under the brand of YourHealth+. The health
services covered by Health Group include consultants' fees, post operative care
and accommodation for self pay treatment. Private individual membership costs
#30 per annum or #55 per annum for a family with three children. The Health
Group also intends to launch a corporate health services product later this
month that will provide a fixed price tailor-made health services package.
Further details will be announced in due course. In the period ended 30 June
2004, Health Group's un-audited management accounts show that the company made
sales of approximately #213,000 and a loss before taxation of 760,000. Net
liabilities as at 30 June 2004 were #250,000.

The CULs carry a coupon of 5.0 per cent. payable semi-annually and are
unsecured. The CULs may be converted by the Company into up to 37.5 per cent. of
the share capital of Health Group. The conversion by the Company of the CULs
would constitute a reverse take-over pursuant to the AIM rules and would
therefore be subject to shareholder approval at that time. Unless otherwise
converted by the Company, the CULs are repayable in whole on 30 April 2007. The
CULs are not transferable. Health Group and the Directors of Health Group have
given certain warranties to the Company regarding the business affairs of Health
Group. On completion, Health Group drew down #300,000 and issued an equivalent
number of CULs to Pearl Street. Further tranches of #100,000 will be drawn down
by Health Group, and CULs issued accordingly, in December 2004, January 2005 and
February 2005.

In addition to the financing described above, the existing loans provided by the
directors of Health Group to Health Group of #196,000 (the "Directors Loan
Account") has been assigned to Pearl Street and converted into ordinary shares
in Health Group, such that, at the date hereof, Pearl Street owns 12.49 per
cent. of Health Group's issued ordinary share capital. The consideration paid by
Pearl Street to the Health Group directors for the purchase of the Directors
Loan Account has been satisfied by the issue of 2,613,333 new Pearl Street
ordinary shares of 1p each ("Ordinary Shares") which, at the mid market price of
7.5p per Ordinary Share as at the close of business on 2 November 2004, were
valued at #196,000.

Pearl Street has also taken an option over all the outstanding ordinary shares
in Health Group that it does not already own, exercisable at any time up until
30 April 2007 (the "Option"). The Option allows Pearl Street to acquire the
entire issued share capital of Health Group based on a formula of 6 times the
average annual pre-tax profits of Health Group for the 2 years ending 31
December 2006. The consideration would be satisfied by the issue of new Pearl
Street Ordinary Shares to the shareholders of Health Group at the then mid
market price or 7.5p, whichever is the higher.

Vince Nicholls, Finance Director, of Pearl Street commented:

"This is a major strategy decision for the future of Pearl Street in the
provision of various high margin healthcare services."

Pearl Street has also today issued 2,416,807 new Ordinary Shares to raise
#129,942.54. Application will be made for the new Ordinary Shares to be admitted
to trading on AIM.


-ENDS-

Enquiries:
Vince Nicholls Felicity Geidt Justine Howarth
Pearl Street Beaumont Cornish Limited Parkgreen Communications
t: 07767 420 160 t: 020 7628 3396 t: 020 7493 3713

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

YourHealth+ is the high margin healthcare services.

Things heading south today. 5.62p and dropping.

Anyone know why?

This will be nobodys Christmas bonus not this year anyway. The broker got out at 4p. Would you sell at 4p.if you thought that the sp would go back up to 7p. in a few weeks? Since the broker sold out there have been virtually no trades.
It will need a drip drip feed of news from the company for this share to move up.I hope the people who bought at 7p didnt buy too many.

Having telephoned Pearl Street Holdings regarding the recent fall of their SP to below the float price, Vincent Nicholls has said that they know no reason except for the MM's trading market fluctuations which on AIM listed shares are susceptible to more violent swings on small volume.

Vincent Nicholls has also said the 600,000 unsecured loan from PSH to the Health Group has a condition attached to it which is the option to acquire the remaining share capital of the company. Bearing in mind that PSH already owns 49.9% of the Health Group and if the launch of their new corporate Health Care service product in January is as successful as they believe the market will receive it, it is highly likely that PSH would be exercising their options. In the interim period so I understand from Vince Nicholls is that PSH is also currently in a fairly advanced stage in negotiations with another company in the USA health care market sector and if these progress satisfactorily and on schedule, an announcement will be made perhaps as early as Jan05.

It seems clear to me the direction of PSH is that it is intending to be acquiring companies by reverse takeovers and mergers in the growing niche Health care market sectors with providing services to high wealth individuals and corporate key man executives which are attracting the higher percentage profit margins and returns to investors.

The following link to the document Griffin Group Plc - PRELIMINARY RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2004 shows that PSH is under management by Griffin Group Plc - GFF and gives a great deal of insight into the force behind the direction in which PSH is heading. It is worth noticing also from reading statements in the accounts of Griffin that Stephen Dean the Chairman has been behind the investment strategies and floatation of several successful companies listed on AIM.

legins,

Parker Rowe are unauthorised by the FSA, and rang me about Pearl St. Holdings a couple of weeks ago. The salesman's (I wouldn't call him a broker!) telephone manner reminded me of the file "The Boiler Room", and I think that's pertinent here.

I suggest you read this article!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5

legins,

I strongly suggest you read this article from the Mail On Sunday!

http://www.thisismoney.co.uk/news/columnists/article.html?in_article_id=396298&in_page_id=19&in_author_id=5


You seem to be following the two companies being promoted by Parker Rowe, an unauthorised broker!

do you have anny connection to them?

It is time we changed the title of this post. A lot pf people must have been sold a marvellous story about this company.Is the truth of the matter that the company is only proposing to sell a health insurance package? If so there is nothing new with that.There are no buyers for the shares, hence the non stop slide.

Realistic,

very true, the bid is down to 3p now!

That's a 40% reduction from the price the (broker, lol!) err high pressure saleman was trying to sell them to me for a couple of weeks ago.

He even staked his reputation on it!

he even told me to "trust him!"

roflmao!

Andy,

Thanks for your posts and the Mail on Sunday's thisismoney link. Yes I'm following this stock and No I've no connection what so ever with Parker Rowe. I run my own building and home improvements installation business - self employed.

However, I am genuinely interested in the direction that PSH, The Health Group Ltd and their wholly owned subsidiary YourHealth Plus Ltd are marketing their health care services to corporate and private clients.

Realistic,
If you research the YourHealth+ website you will find that their core product / service is not a Health Insurance Policy and there are no premiums paid, but in fact, the individual or corporate clients subscription payments to YourHealth Plus are held in their own individual or corporate client account and only used to pay the individual or corporate clients health care scheme costs if medical or surgical treatment is needed. If the client or its employees do not require any medical or surgical treatment then the clients funds are simply returned to them plus any interest accrued but less YourHealth Plus management fees. This is unlike any insurance policy where the premiums will never get refunded even if there is no claim.

Clearly, Parker Rowe's 'Boiler Room' high pressure Salesmen who have been ramping the stock and the FSA with their warning notice, have alot to answer for the dilution in the worth of any remaining investors shareholdings through nervous investors bailing out, some of whom have also been taking profits and which ultimately have come from other investors capital who have subsequently bought into PSH at a price anywhere between 5p & 8p per share. The 'knock on' effect and further fall in the share price is also now due to the deramping posts regarding Parker Rowe & FSA row on various BB's. The reality is that YourHealth Plus has sweet FA to do with Parker Rowe and IMO once all this HooHa subsides into oblivion and investors begin to focus on the growth potential this stock has, then perhaps the SP will soon be allowed to recover.

It seems to me that any potential corporate client of YourHealth Plus will be taking far more than just a cursory glance at the products / services as, 1) they would have far greater cost control and savings in their employee benefits insurance based health care schemes and HR departments. And 2) the balance of any funds held in their YourHealth Plus client account would become an asset on their company balance sheet.

Legins , what / who led you to believe that these would "leap to +40p per share within about 4 - 6 wks before profit taking" ???

Legins,

maybe it's pure coincedence, but out of the 3000 or so stocks on the lSE, you seem to be promoting the two stocks that Parker Rowe are pushing out of their boiler room operation, based in Spain.

They base themselves in Spain to avoid FSA regulations regarding cold calling within the UK, ie it's not allowed!

Sadly, the performance of shares promoted by boiler room operations is very poor, and I post these warnings to try and help prevent the unknowing newbie investor from being unwaringly sucked in.

Dil,

:-)

Andy

good posts. this share is an investor's black hole.Some people must have made an awful lot of money from this float.

Realistic,

Thanks, what really onnoys me is they prey on the gullible, costing them money they can ill afford to lose, and this type of operation gives the market a bad reputation.

As you rightly say, they make a fortune out of this, at the expense of the small private investor.

realistic,

Sadly PSH has just fallen 25%!

2.25p on the bid now, and they were trying to sell them to me at 5p two weeks ago. (And they wanted me to buy 100,000 too!)


Pearl Street Or 2.62 -0.875 -25.0% 2.25 3.00 25%


Such a shame for those that were taken in.

Andy,
Fortunately, I didnt get sucked in either.Its on my watch list because it is/was
a cash shell and they are always worth watching.But I've still to be convinced about the product.There is no multi million pound company behind this as originally posted.People still getting out on the way down, probably for about 50% of what they bought at. Would it be worth buying in for 1p?

realistic,

Well the price remained static today.

There were only TWO trades, a 10,000 sell, and a 100,000 sell.

Parker Rowe were trying to "recommend" (er pursuade me) to purchase 100,000 shares, so the 100,000 sell today may well have been one of their customers.

If so, that's a 2,600 loss!

I have heard that if you try and sell, they try and pursuade you to stay in, and it can become a battle of wits. I don't know if that's true, but I would recommend anyone to be VERY insistent if they are reluctant to sell, to the point of demanding to speak to the compliance officer!


I would recommend everyone that hasn't already seen it, buy or rent a copy of "The Boiler Room", an excellent and entertaining movie IMHO.

Is it true that Parker Rowe pushed Techcreation headed by Stephen Dean on behalf of Griffin PLC who are also headed by Stephen Dean ?

Legins knows.