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!

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.
=========================


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.
Back to top

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".
Back to top

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.
Back to top

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.
Back to top

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.

Back to top

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.
Back to top

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.
Back to top

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.
Back to top
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?

New Contract Wins

Pearl Street Holdings Plc
22nd September 2005

AIM:PSH

Pearl Street Holdings Investment wins new contracts

The Health Group in which Pearl Street Holdings, the AIM listed investment company holds around 20% stake, has recently secured valuable contracts with Kent Police, Colt International, W.H. Smith Plc and Celtic Football Club to provide health care cover for their employees.

As part of an "Employee Absence Management" strategy, Kent Police wanted to be able to provide a fund, on a discretionary basis, that would pay for certain medical proceedures for officers where it became cost effective, balancing the cost of their extended abscence due to NHS waiting lists, against the cost of certain procedures. The fund covers 5,900 officers and is based on their 2004 medical requirements. The specific areas are Hep B Blood Tests, Orthapaedic procedures, both as an in-patient and out-patient as well as Psychiatric In-Patient.

YourHealthPlus, The Health Group's specialist provider of tailor-made private health care packages and funding solutions, has also signed a contract with Colt International, the heating and ventilation company to provide its 230 staff in the UK with access to its Corporate Health Fund. The Fund offers prompt access to high quality private treatment, but does not have the high cost asociated with traditional PMI premiums.

W.H. Smith Plc have joined the YourHealthPlus Fund for their managers and retirees in a contract valued at over 530,000 and Celtic Football Club Plc have signed to provide health care for their players and families.

Additionally GGS Holdings, the parent company to Botes, Miskin Plant & Tool Hire and HN Edwards have also joined YourHealthPlus to provide health cover for the 226 employees of their various subsidiaries.

Jacksons Fencing, a family run business joined the Health Group in May 2005 with full cover for their 188 members, plus a cash plan for selected members. Neil Jordan a Director of Jacksons said, "I have no regrets in leaving our previous PMI scheme, which provided poor value for money in comparison with The Health Fund".

The company has also secured M-Real, a leading European paper company as a new client. M-Real provides innotive products for consumer packaging, communications and advertising. YourHealthPlus successfully won the contract to provide health care for their 576 employees.

Commenting on the new contracts Jo Clark, CEO of The Health Group said, "We specialise in long-term cost-effective schems which would ensure that if and when members need treatment, they will be given timely and empathetic administrative support, which is personal, well-informed and helpful so that their health care is handled sympathectically and effectively.

Our financial structure and reporting systems enable our clients to budget more accurately from one year to the next and together with our personal approach enables us to compete against large health care providers."

---End---

Enquiries:
The Health Group Jo Clark 0870 011 4533
Pearl Street Holdings Stephen Dean 00 34 605 282211
Parkgreen Communications Victoria Thomas / Justine Howarth 020 7493 3713

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

In doing my quarterly round of research into news of Pearl Street Holdings I've come across an RNS that doesn't show up on the MoneyAM site. Albeit dated 6th Dec 05 it is further good news of the contract win for Health Group's YourHealth+ Corporate Fund health care product. Here is the RNS link YourHealth+ signs Johnson Service Group

With the Johnson Service Group joining the growing band of large corporate clients
of the YourHealth+ Corporate Fund, IMHO it will give reassurance for many more large corporate clients to be financially attracted to it and switch into the product when their company employees tradditional PMI renewal dates come up in the coming year.

This also looks as if Pearl Street's loan 600,000 to The Health Group is proving to be an attractive investment, as probably amoungst many other smaller corporate clients not warranting an RNS, the significant contract wins in 2005 are:-

YourHealth Plus Corporate Fund Clients
Redhead International - 180 Employees - Contract Renewal
Foster Yeoman - 700 Employees
Colt Group - 770 Employees
Kent Police - 5,900 Officers
Colt International - 230 Staff
W.H. Smith Plc - Managers & Retirees (Annual Contract 530,000)
Celtic Football Club - Players & Families
GGS Holdings - 226 Employees
Jacksons Fencing - 188 Employees
M-Real - 576 Employees
Johnson Service Group - 1037 Employees

legins,

This makes a good read, IMO, and reveals some of the goings on in a 'broker of principle', that some people refer to as 'boiler rooms'.

http://www.lse.co.uk/ShowStory.asp?story=BY416170T&news_headline=broker_wins_%C2%A335000_for_unfair_dismissa

I see this share is now down 95% on the BID from the original Parker Rowe "recommendation"

wow, nice recovery