Spiriton Media Group

This is a discussion on Spiriton Media Group within the First Steps forums, part of the Reception category; Hi I never managed to get to the meeting - any hopeful insights...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 26, 2010, 6:20pm   #465
Joined Aug 2010
Re: Spiriton Media Group - anyone with meeting update

Hi I never managed to get to the meeting - any hopeful insights
Fleeced&co is offline   Reply With Quote
Old Sep 27, 2010, 11:37am   #466
Joined Jul 2010
Re: Spiriton Media Group

To All

The meeting took place yesterday and present were around 80 investors, Paul Miller, Paul Morton, David Hirst and Director Udo Shcaar.

Paul Morton gave a clear and concise briefing on where the company had been and was now going. He mentioned this forum as having a damaging effect on securing new funding and the unfortunate link with Paul Richard Bell and John Guchone and that this was now completely dead.
David Hirst explained the accounts and the complexities in gathering the information, which has not only caused major delay in the completion, but also added excessive costs to get to filing point.
Udo Schaar explained the reason's behind some of the management decisions in dropping certain products and technologies, and why the Deutsche Telekom venture had been dropped for the time being.

We have been assured that we will now be getting regular updates on where SOM is and how certain negotiations’ are progressing.

While a number of questions were answered, there are some which need clarification. This will come from IR.

As this is a public forum that is all the information I am willing to divulge.

However on the big question; When will we get our Share Certificates? (which is why this forum was started in the first place)
Sorry guys but we are still no closer than we were when this forum started. In that we must wait for IR to complete the register and once this is complete we are lead to believe that our shares will be released to our nominee accounts or by paper certificate for those who do not have an electronic one.

Keep the faith; all good things come to those who wait.

Cheers

Mugsame
mugsgame is offline   Reply With Quote
Old Sep 27, 2010, 4:59pm   #467
Joined Aug 2010
Re: Spiriton Media Group

Thanks Mugsame
Fleeced&co is offline   Reply With Quote
Old Sep 28, 2010, 6:58pm   #468
Joined Jun 2010
Re: Spiriton Media Group

somshares started this thread Hello to all!

Thanks to Mugs for the update. However, he didn't mention anything about a so called merger that was mentioned from the company. Anything you want to share on that, mugs? It puzzles me how they can have a shareholders meeting and not inform ALL the shareholders? doesn't that seem unfair? I spoke to a few that I had met from previous meetings and they weren't aware of any meeting. never got notice from anyone. They had been communicating with the company and the company had their contact details. Just seems unlike most public companies that I've had. Normally a meeting is posted in advance and is made public by press, internet and direct communication. This meeting was held under a shroud of secrecy. another thing i don't quite understand is the fact that I, like many others received confirmation of our holdings from SOM signed by a director almost 2 years ago, called a Global Certificate Receipt. On it reads that a final certificate will be issued in 30 days. So why haven't we got our shares. And can they be held responsible for losses that could have been profits had we had our certs when the stock was trading at 3+?? It seems to me that they are passing the blame on to the ALV group
somshares is offline   Reply With Quote
Old Sep 28, 2010, 7:15pm   #469
Joined Jun 2010
Re: Spiriton Media Group

somshares started this thread I'm not sure that I believe the blame is on ALV since they were responsible for helping the company raise capital to secure the Astra channels and help them get to be a Public company. That was complete upon the company trading as SOM via the merger with CIT. Once the company was public, the responsibility lies on the company itself and it's directors. They are responsible to see that the shares are registered and issued properly. This is what my advisor and lawyer is telling me. If those that were at the meeting left without finding out when the shares were going to be issued, then what was the purpose of the meeting besides trying to sell us that the future is great and we should buy more? according to Mugs, they lost any new funding that was needed....of coarse blaming this blog for that. What a joke! That's what I call WEAK ACCUSES! Paul Miller hasn't been so enthusiastic in his writings lately. The talk of 4-5 Euros and higher....now what is it?

Well I've overdone my time writing this and I apologize for being so lengthy. I've been away for awhile so had to get things off my chest. Any comments are welcomed!
somshares is offline   Reply With Quote
Old Sep 28, 2010, 7:28pm   #470
Joined Oct 2006
Re: Spiriton Media Group

Quote:
Originally Posted by somshares View Post
I'm not sure that I believe the blame is on ALV since they were responsible for helping the company raise capital to secure the Astra channels and help them get to be a Public company. That was complete upon the company trading as SOM via the merger with CIT. Once the company was public, the responsibility lies on the company itself and it's directors. They are responsible to see that the shares are registered and issued properly. This is what my advisor and lawyer is telling me. If those that were at the meeting left without finding out when the shares were going to be issued, then what was the purpose of the meeting besides trying to sell us that the future is great and we should buy more? according to Mugs, they lost any new funding that was needed....of coarse blaming this blog for that. What a joke! That's what I call WEAK ACCUSES! Paul Miller hasn't been so enthusiastic in his writings lately. The talk of 4-5 Euros and higher....now what is it?

Well I've overdone my time writing this and I apologize for being so lengthy. I've been away for awhile so had to get things off my chest. Any comments are welcomed!
I don't know if it is clear to everyone but there was NO merger between SOM and Caribbean Island Traders. All that happened was that CIT changed its name to SOM, Schaar and Falkenhahn were already directors of CIT so any nonsense about them buying out CIT or merging with them is rubbish.
pboyles is offline   Reply With Quote
Old Sep 28, 2010, 10:05pm   #471
Joined Jun 2010
Re: Spiriton Media Group

somshares started this thread Hi PB:

I'm not sure what you'd call it. a merger... an aquisition..... or just a name change? i didn't know that both men were involved with CIT prior to the announcement. You may want to check on CIT filings to see if they were directors of CIT. i know they were directors of ALV and I think that this announcement states that they woulsd be voted in as directors of the NEW SOM listed company. That's my take on it. i could be in error.

Somshares


SpiritOn Media Holding SE acquires qualified majority in Caribbean Island Traders PLC
03.11.2008 | 18:29 Uhr

SpiritOn Media Holding SE, Munich, has acquired over 75% of Caribbean Island Traders PLC, London

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

merger, acquisition and takeover

München (euro adhoc) - SpiritOn Media Holding SE acquires qualified majority in Caribbean Island Traders PLC Frankfurt am Main / London - October 31, 2008. SpiritOn Media Holding SE, Munich, has acquired over 75% of Caribbean Island Traders PLC, London, which is listed in the Open Market, via ALV AG, Frankfurt am Main. The intention is to change the company's name to Spirit ON Media Group PLC at an Extraordinary Shareholders' Meeting to be convened in the near future. The intention is also to propose that Messrs Udo Schaar and Dieter Falkenhahn be elected to the Board of Directors. Further details will be announced in the next few days.

About SpiritON MEDIA SE: SpiritON MEDIA SE, which is based in Munich, invests exclusively in digital media. This includes creating digital TV platforms via satellite for its subsidiaries SpiritON GmbH using SpiritON TV (www.spiriton.tv) and MeinTV Shop (www.meintvshop.de), and for equi8 Media GmbH using equi8 Pferdesportwettenkanal (www.equi8.com), as well as the expansion of the company's own IPTV portal for its ASP New Media AG subsidiary.

end of announcement euro adhoc
somshares is offline   Reply With Quote
Old Sep 28, 2010, 10:09pm   #472
Joined Jul 2010
Re: Spiriton Media Group

Hi All

All this is said without prejudice;

Firstly a merger was mention but so briefly that no real detail was clear! All that was said was that if the merger does go ahead it moves SOM up 2 tiers on the stock exchange, but for the merger to take place will mean us having less shares, but more valuable stock??

As for all the investors not being aware of the meeting, ONLY SOM IR UK can answer that, I know recently that SOM IR UK asked people to confirm their holding in SOM by supplying proof either of a global cert or proof of purchase. IF they didn't do that then they were being removed from the Investors e-mail list which PM sends out? So I can only assume they didn't supply the info! They need to take that up with IR.

The secrecy of the meeting was to avoid non-investors from being at the meeting! As I have said before I did agree with this as I for one wanted the meeting to go ahead.

The reason given for the shares still not being issued is due to the fundamental failings of SOM and their Investor registers, plus the problem caused by the link with ALV Group Thailand (Messer's Paul Richard Bell and John Guchone) and NOT HK as previously mentioned. Also, as stated before a €1million imbalance would cause many companies problems. The legality of the share problem I have no idea on, people at the meeting had a Global Cert like SOMSHARES, but the problem of no shares being issued was down to the above! However paper share cert. are being looked into?
One thing which was said on the share price and the issuing of shares, is that had we had our shares it is extremely unlikely that they would have hit the €3.71 price. Which is an honest statement considering that had there been another XXmillion shares available we all would have been selling. So the fact that our shares were not available protected SOM from a possible Hostile take over! BUT unfortunately it does make it look more like a "Pump and Dump" scam.

As for the reverse merger, I have spoken with CH and need to speak with another department re- how this would be shown in the companies CH paperwork. PBOYLES is quite right that Schaar and Falkenhahn were installed as Directors of CIT after the CIT's original directors were terminated, this occurred on the 27/11/2008 and the name change took place on 15/12/08 from CIT to SOM. I do not know the rules concerning the order in which things can/should happen when a reverse merger takes place, however I will ask CH about this.
Also the dissolution issued on the GAZ1 which has been mentioned here has been lifted indefinitely, and will not be put back in place at the request of the Directors. What this means is that SOM have asked for the dissolution to be stopped and that a promise has been made by SOM to file the accounts! A caveat to this though is that by doing this the Directors leave themselves open to prosecution by CH should they fail to file the accounts. However no time frame has been placed on this.

To be frank with you all the next 2 - 4 weeks will be crucial for SOM. All the information I have given is either non-sensitive or freely available in the public domain. I want answers as much as all you people who read this forum, but, and this is a big but, I am not in a position to say 100% either way what SOM is.
I will be asking SOM some questions in the very near future that were not possible to ask at the meeting due to time constraints. The answers to these questions will allow me to make a personal and non-prejudice view.

As I said before, Keep the faith; all good things come to those who wait.

Cheers

Mugs

Last edited by mugsgame; Sep 28, 2010 at 11:47pm.
mugsgame is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Media Trends SAINT The Foyer 4 Jan 5, 2010 7:42pm
Windows Media Player wasp Techies Corner 4 Nov 1, 2006 2:11pm
Diverse Media Holdings owenpaulbrenda Stocks 0 Sep 23, 2004 1:07pm
pacific media banter007 Stocks 2 Jan 23, 2003 9:56pm

LinkBacks (?)
LinkBack to this Thread: http://www.trade2win.com/boards/first-steps/97532-spiriton-media-group.html
Posted By For Type Date
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 348 - Forum - ARIVA.DE This thread Refback Apr 19, 2011 8:10pm
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 341 - Forum - ARIVA.DE This thread Refback Apr 7, 2011 7:58pm
Hot-Stocks: SPIRIT ON MEDIA sind 1000 Prozent moeglich This thread Refback Apr 6, 2011 9:14pm
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 340 - Forum - ARIVA.DE This thread Refback Apr 6, 2011 9:38am
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 335 - Forum - ARIVA.DE This thread Refback Mar 28, 2011 8:01pm
Börsen-Forum: SPIRIT ON MEDIA sind 1000 Prozent moeglich This thread Refback Mar 28, 2011 4:13pm
Untitled document This thread Refback Mar 27, 2011 5:38pm
Börsenforum - Aktien - Fonds This thread Refback Mar 27, 2011 5:59am
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 334 - Forum - ARIVA.DE This thread Refback Mar 26, 2011 9:19pm
CIX - Spirit on Media Group Plc.: Daytraderkommentare - Seite 7 This thread Refback Mar 4, 2011 11:56pm
AktienCheck - sind bei SPIRIT ON MEDIA 10 000 Prozent moeglich This thread Refback Mar 4, 2011 3:44pm
sind bei SPIRIT ON MEDIA 10 000 Prozent möglich ? - Seite 1 - Forum - ARIVA.DE This thread Refback Feb 26, 2011 5:15am
Börsen-Forum: sind bei SPIRIT ON MEDIA 10 000 Proz This thread Refback Feb 25, 2011 2:50pm
sind bei SPIRIT ON MEDIA 10 000 Prozent möglich ? | Aktienforum | Aktien Forum | Diskussionsboard | Community von stocks.ch This thread Refback Feb 25, 2011 2:24pm
Wertpapier Profil WKN ISIN Chart Nachricht Aktien Kursvergleich This thread Refback Feb 25, 2011 11:07am
AktienCheck This thread Refback Feb 25, 2011 10:37am
SPIRIT ON MEDIA sind 1000 Prozent möglich ? | Aktienforum | Aktien Forum | Diskussionsboard | Community von stocks.ch This thread Refback Feb 25, 2011 10:33am
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 282 - Forum - ARIVA.DE This thread Refback Feb 25, 2011 10:32am
sind bei SPIRIT ON MEDIA 10 000 Prozent möglich ? - Forum - ARIVA.DE This thread Refback Feb 25, 2011 10:30am
sind bei SPIRIT ON MEDIA 10 000 Prozent möglich ? | Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.net This thread Refback Feb 25, 2011 10:29am
Daytrading Tradingchancen 07.02.11-13.02.11 - Seite 35 This thread Refback Feb 8, 2011 2:32pm
Daytrading Tradingchancen 07.02.11-13.02.11 This thread Refback Feb 8, 2011 2:26pm
Börsen-Forum: SPIRIT ON MEDIA sind 1000 Prozent moe This thread Refback Feb 7, 2011 6:22pm
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Seite 162 - Forum - ARIVA.DE This thread Refback Feb 7, 2011 6:11pm
Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.net This thread Refback Feb 7, 2011 6:11pm
SPIRIT ON MEDIA sind 1000 Prozent möglich ? - Forum - ARIVA.DE This thread Refback Feb 7, 2011 6:10pm
SPIRIT ON MEDIA sind 1000 Prozent möglich ? | Aktienforum | Aktien Forum | Diskussionsboard | Community von finanzen.net This thread Refback Feb 7, 2011 6:10pm
AktienCheck - SPIRIT ON MEDIA sind 1000 Prozent moeglich This thread Refback Feb 7, 2011 6:10pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)