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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: early player who wrote (1507)	6/25/1999 12:34:00 PM
From: Jeffrey D	Read Replies (1) \| Respond to of 3519

WARNING!!! The following post contains "obscure" old information on X-Stream's past and might not be suitable for children or those acting like children {ie "journalist" Dale}. It is also not for those that think X-Stream is made up of a lot of nice guys. O.K.? Shall we start? Robert Manning - Is he the savior of Firecrest/X-Stream or was he part of the problem? 06 Apr - 07 Apr 1996 Tip bits (Sunday Telegraph) Shares in AIM-quoted multimedia group Firecrest [85p] look vulnerable. Last week, CEO Roy Capper was censured by the Stock Exchange for failing to disclose that 400,000 options had been awarded to Bewell Holdings at 51p. Robert Manning, chairman of Firecrest has a major stake in Bewell. >> Well now, how about that? Manning was chairman of Firecrest when it went down and when it had dealings with Camelot. Interesting. And what of Bewell? Don't know....yet. OK, well how did the Firecrest stock do? Well, looks like it had its own "Internut" explosion English style. Went from 40p to over 200P, I think I saw a high of about 233p, and then dropped like a rock in a short period of time. Capper is gone by the time of the following, I guess, and a Malcolm Evans is in charge and allegedly buying shares. Hmm, I wonder if he still has them? << 27 Apr - 28 Apr 1996 Smaller Companies (Independent on Sunday) Smaller Companies With multimedia and the Internet in for a period of explosive growth between now and 2000, it is unsurprising that many small marketing, entertainment and publishing companies are clambering aboard. For investors, these are opportunities for spectacular rewards, but the risks are high. Firecrest, 72p, is a case in point. Shares in the former marketing company rocketed from 40p to over 200p when the group announced initiatives involving the Internet. However, initially Firecrest bit off more than it could chew; the new ventures consumed too much money, to the point where Firecrest had to go to shareholders for more, and the shares collapsed to 55p. Things now appear to be looking up; a refinancing and a management shake-up have stopped the rot, leaving Firecrest poised to capitalise on its impressive portfolio of Internet products. There has been particular interest in Transphone, a patented handset for making calls on the net, with some major players talking to the group about licensing deals. New managing director Malcolm Evans has been buying shares, and is excited about the future. >> So, why did Firecrest get kicked off AIM? Well looks like two things. One, those options to Manning and Bewell AND it was actually controlled by someone not named on corporate documents. Wettreich? I don't know. << 12 Oct - 13 Oct 1996 Briefs (Sunday Business) Firecrest - which scored a corporate first by being kicked out of the AIM - was allegedly controlled by a man not named as a director on company documents. 10 Aug - 11 Aug 1996 AIM broker faces rap (Independent on Sunday) AIM broker faces rap Gerrard Vivian Gray, a nominated adviser for AIM flotations, may be censured for lack of due diligence after it was revealed that a director of Optical Care failed to disclose his previous directorships with a ragbag of failed companies. A report now being prepared by the Stock Exchange will also highlight the failure by a board member of Firecrest, also on AIM, to notify the granting of share options in the company. Gerrard Vivian Gray are also advisers to Firecrest. >> Well, OK, what do they do now. Hey, I know, let's do an IPO on Nasdaq. You might recall my "obscure" findings on Firecrest subsidiary Netex. It appears this was going to be it. Remember, Netex was formed in May, 1996 in the UK with a product called Transphone. Remarkably similar product to Camelot's Digiphone. In addition X-Stream eventually ended up in in a shell called Superphone. Any Wettreich connection in all this? Don't know. >> 23 Nov - 24 Nov 1996 Tip bits (Sunday Telegraph) Shareholders in Firecrest Group, suspended at 44.5p, may soon have encouraging news. It seems that their company has been in merger talks with a Canadian shell company listed on Nasdaq. 24 Aug - 25 Aug 1996 Tip bits (Sunday Express) Firecrest (42p), down from the lofty heights of 200p on AIM. With no financial advisor it risks suspension from the market. But absence of debt and plans to launch the Netex subsidiary on NASDAQ - it could be worth £100m - may push the value of shares to 220p. It's risky, so the call options may be a cheaper bet. 17 Aug - 18 Aug 1996 Tip bits (Sunday Telegraph) Firecrest (50p) which lost both nominated adviser Singer & Friedlander and broker Collins Stewart last week may recoup some of its dented shareprice if a plan to float half of its 'smart card' subsidiary Netex comes to fruition. The plan is to float Netex (valued at a possible £200m) on the Nasdaq. << And finally, whatever happened to Firecrest? Well something called the DTI came in and confiscated its records. I wonder if the DTI translates in to SEC here? << 01 Feb - 02 Feb 1997 Briefs (Sunday Business) DTI officials have seized documents from the London offices of Firecrest Group which left AIM last September. >>

To: early player who wrote (1507)	6/25/1999 2:01:00 PM
From: Jacalyn Deaner	Read Replies (1) \| Respond to of 3519

FWIW: current information on the new hire sales director - from his old company in Ireland that he held the position in; that company ITG is also 1.4 million pounds in the red - today's London Times/FT after having gotten the April 1999 financials. Payphones, communications, blah blah looks just like firecrest, so we know the man is qualified. Industry group: Service Organizations Description of business ITG Plc's principal activity is the sale and maintenance of communications equipment, primarily telephone systems, payphones, computer equipment and credit card terminals. The company was introduced to the Alternative Investment Market of the London Stock Exchange in May 1997. Communications equipment and related services accounted for 78% of fiscal 1998 revenues and Computer equipment and related services 22% Financials 30 Apr 98 anyway: from Financial Times UK Friday June 25 1999 Company Financials Annual Reports Company Diary Results Energy review Telecoms European parliament High Tory fads A choice of futures Company Briefs / Company Financials ITG GROUP PLC Address: 3 SANDYFORD PARK,SANDYFORD INDUSTRIAL ESTATE,DUBLIN,18 Country: Ireland Phone: +353 1 2076000 Fax: +353 1 2076070 Employees: 91 Management: P. TAGGART CHAIRMAN J. WILLIAMSON FINANCE DIRECTOR D. MCCORMICK SECRETARY Industry class: MISCELLANEOUS Industry group: Service Organizations Description of business ITG Plc's principal activity is the sale and maintenance of communications equipment, primarily telephone systems, payphones, computer equipment and credit card terminals. The company was introduced to the Alternative Investment Market of the London Stock Exchange in May 1997. Communications equipment and related services accounted for 78% of fiscal 1998 revenues and Computer equipment and related services 22% Financials 30 Apr 98 IEP '000 02 May 97 IEP '000 Total revenue 7,336.24 5,526.37 Net income 460.37 330.01 Total assets 5,335.55 5,145.91 Total liabilities 2,747.04 2,952.65 Ratios 30 Apr 98 02 May 97 Profit margin % 9.14 9.06 Return on equity % 20.99 - Debt/equity % 34.07 69.90 Turnover/assets 1.38 1.07 Source: Worldscope / Extel Database The Company Briefs service will be further expanded in coming months. Please send comments or suggestions to Company.Briefs@FT.com. [ New Search ]