Spiriton Media Group

somshares

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Does anyone know much about a company called Spiriton Media Group Plc? I have had calls on it and seemed to get a lot of mixed comments. Is this another scam? The UK investors relations contact is someone named Paul Miller. How do you find out if he's registered with the FSA? Thanks for any feedback.
 
If they cold called you it is a scam for sure. To answer your specific question go to the FSA website and look them up.
 
Spiriton Media is very suspect at this point. I can tell you for a fact they have not delivered the bulk of their shares to the shareholders as of this post. What is strange is that the shares are fully paid for and the stock itself has been trading. Appears to be a flat out manipulation of the shares. Now the company claims for the very first time these shares are restricted, which was never mentioned in the original share receipt.
 
Thanks, I'll check with them. I have shares from a merger of another company into Spiriton Media group Plc but I have never received the share certificate in over 1 1/2 years since it's been trading. They keep coming up with some reason why they haven't issues the shares. The shares were up to 3.71 Euros and now are .06 Euros. They still have not issued the shares but it trades almost daily. It trades on the Frankfurt market. Any idea if this sounds possible and how can i get my certificate?






If they cold called you it is a scam for sure. To answer your specific question go to the FSA website and look them up.
 
If they are restricted shares then you are in trouble. How did you come into contact with them in the first place.
 
Thanks, I'll check with them. I have shares from a merger of another company into Spiriton Media group Plc but I have never received the share certificate in over 1 1/2 years since it's been trading. They keep coming up with some reason why they haven't issues the shares. The shares were up to 3.71 Euros and now are .06 Euros. They still have not issued the shares but it trades almost daily. It trades on the Frankfurt market. Any idea if this sounds possible and how can i get my certificate?

Apparently they are restricted, in any case how do you know you own them? You may well have been scammed, can you post the name of the other company?
 
I've been receiving email letters from a Paul Miller who says the company is doing great and the share price dropping is irrelevant at this time, not to worry and that we should buy more shares on the market. I've owned these for over 4 years and could not sell since they have gone public. I believe I read where a restriction ended by June 30, 2010. Do I write to the FSA on this matter or Frankfurt Exchange?
 
If you're in the UK then phone the FSA. Seems you've probably been scammed, whatever you do don't buy more and don't pay anyone to derestrict/sell/swop these shares, that will be part two of the scam.
 
I originally bought into a company called Razetv from a guy who kept calling me and finally I put 5000 into it. The company sent me an email with a Global certificate Receipt that says i will get 15,000 when it goes public, but I've received nothing other than that. They went public by merging into a company called Caribbean Island Traders. I've called and written the company many times but no response. Outside of Paul Miller's email letters that keeps saying that the company is doing great and to buy more, I have received no answers. Very frustrating!
 
You've been had, whatever you do don't part with any more money regardless of what story you get told. Read tge boiler room scams thread here on T2W to see how these scams work.
 
Thanks, I'll check with them. I have shares from a merger of another company into Spiriton Media group Plc but I have never received the share certificate in over 1 1/2 years since it's been trading. They keep coming up with some reason why they haven't issues the shares. The shares were up to 3.71 Euros and now are .06 Euros. They still have not issued the shares but it trades almost daily. It trades on the Frankfurt market. Any idea if this sounds possible and how can i get my certificate?

I know it is highly irregular for a company to not deliver shares to a shareholder. I am currently speaking with the Frankfurt Exchange as well as the F.S.A in the UK. We have been contacted by a chap (Paul Miller) who identified himself as a shareholder who seems to be chirping for the company although he claimed not to be in the companies employ. Several months later I received an email where the company seems to have retained his services considerably after the fact. Miller was not registered with the F.S.A. to be dispensing investment advice prior to his being retained by the company.
The correspondence I have received from Spiriton Media clearly states the reason they haven't delivered the fully paid for shares is that they are trying to create an orderly market. This is pure and simple stock manipulation.
Miller in my opinion is a dupe. No professional investment advisor would sign his name to correspondence where he admits to witholding share certificates, particularly while the stock is actively trading. My opinion is they will deliver the shares once the company trades no bid.
 
Share distribution

I really thought I had made it clear in the last update that although all trading restrictions WILL expire on 30th June, investors will not receive their shares or be able to trade on 1st July because it is not administratively possible. Let me try to explain again:

The facts are:

SOM intends to hand over all shares to a nominated stockbroker just as soon as that can be arranged. The broker we had in mind is a bit slow and so others are being consulted too. Once contracts are in place, the actual handover of shares will also take administrative time.
The shares will continue to reflect a false value until the Mezzanine Funding has been obtained for equi8, the Das Vierte acquisition completed and SOM have commenced their marketing campaign. So even if you did have your shares earlier you could not currently sell them for a reasonable price.
Currently, there are so few buyers that virtually no sell orders would be filled. This will remain the case until the marketing campaign is in full swing.
The current real value of the shares based on earnings per share x P/E ratio is around €0.80.
The marketing campaign cannot begin until Mezzanine Funding has been obtained in the region of €5 to €10 million. Following that, a buyback will be commenced to relieve those investors who are desperate to sell.
A buyback is planned through the Nominated Broker to relieve selling pressure and allow the share price to rise.
Mezzanine Funding seems to be very close now. There is a great deal of interest and due diligence processes ongoing.

Once again, I cannot give a time when these things will happen. It depends on when we receive the Mezzanine Funding and when the nominated stockbroker is ready to sign contracts. We have no control over these things other than to offer incentives. So, when these events will happen, your guess is as good as mine. I do, however, think sooner rather than later.

As soon as we get our first major investment, I will let you know.

As soon as we have struck a deal with a nominated broker I will let you know.

Kind Regards,

Paul Miller.

UK Investor Relations Representative
Spirit on Media Group plc
Tel: +44 (0) 2392 470294
Email: [email protected]

CAN YOU BELIEVE THIS LETTER. He is claiming that the company is witholding the rightful share owners certificates and arbitrarily handing them off to another broker without the shareholders approval. If they have a securities advocate, he/she should resign and go back to school. It seems they may have been sleeping during the part of the course that deals with Securities fraud. I will keep you posted
 
If they are restricted shares then you are in trouble. How did you come into contact with them in the first place.

We only found out recently they were restricted. No mention of this over the past year and a half. This is obviously an attempt to keep the shares off the market. I understand there are instances when a companies shares may be restricted, but you are always given full disclosure. You can't take free trading shares and then restrict them on a whim.
 
I doubt the shares were ever not restricted. There are different rules for floating with restricted shares and it is these lax rules that boiler room type scams take advantage of. By the way where is the company based, what is their address?
 
I doubt the shares were ever not restricted. There are different rules for floating with restricted shares and it is these lax rules that boiler room type scams take advantage of. By the way where is the company based, what is their address?

Company name, legal form: Spirit ON Media Group PLC
Registered seat of company: London
1 Threadneedle Street, London EC2R 8AY, UK
Management: Udo Schaar, Chairman - Dieter Falkenhahn, Director
Registration place: London
Legal venue: London
Companies House No.: 06689327
Contact Germany: Spirit ON GmbH
Windhag 7, 63263 Neu-Isenburg, Germany
Telephone: +49 69 6953 9927
 
Guys sorry to be the bearer of bad news but you've been scammed and your money stolen.

Haven't you for example noticed how many excuses you are being fed. Something for example is 'soon to happen' but it never does.

Pay anymore money to these people and you won't get it back, nor will you ever show a profit.

But if you do pay more money then please look in the mirror when looking to blame someone for your losses.......
 
Guys sorry to be the bearer of bad news but you've been scammed and your money stolen.

Haven't you for example noticed how many excuses you are being fed. Something for example is 'soon to happen' but it never does.

Pay anymore money to these people and you won't get it back, nor will you ever show a profit.

But if you do pay more money then please look in the mirror when looking to blame someone for your losses.......

You are 100% correct. The fact they have witheld share delivery for over 18 months is all you need to know. There is no excuse for this since the shares have been trading on the Frankfurt exchange during this time.
 
rubbish, you don`t know what you are talking about. I bought some more shares this week at 11 cents.
 
Does anyone know much about a company called Spiriton Media Group Plc? I have had calls on it and seemed to get a lot of mixed comments. Is this another scam? The UK investors relations contact is someone named Paul Miller. How do you find out if he's registered with the FSA? Thanks for any feedback.

He is investor relations, and not registered with the FSA.
 
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