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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (117607)	8/4/2003 12:10:01 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

I think he means those SC13G filings from the 31st. nasdaq.com Company Name Form Type Received Period US DATAWORKS INC Filer : BARNES JOHN SC 13G 7/31/2003 N/A US DATAWORKS INC Filer : VENISON BARRY SC 13G 7/31/2003 N/A US DATAWORKS INC Filer : RIDGE DARREN MICHAEL SC 13G 7/31/2003 N/A

To: peter michaelson who wrote (117607)	8/4/2003 1:02:01 AM
From: SiouxPal	Respond to of 150070

Damn you're cool. That's it. eom

To: peter michaelson who wrote (117607)	8/4/2003 8:21:17 AM
From: StockDung	Respond to of 150070

DO YOUR HOMEWORK ON SOME OF THOSE 13G FILERS PETER June 24, 2003 PNC Telecom suspends shares By Dan Sabbagh PNC TELECOM, the former mobile phone retailer, yesterday suspended its shares and called in the administrators despite the objections of its founder and deputy chairman, Geremy Thomas. Although PNC Telecom sold its remaining trading businesses for £2 million in April in a last- ditch effort to remain solvent, outstanding property liabilities prompted the board to put the company into administration. In a statment to the Stock Exchange yesterday evening, PNC Telecom said that it hoped to “successfully emerge from administration” and that the shell company would resume trading on the AIM market in due course. The decision to push the company into bankruptcy was taken at a PNC board meeting on Friday at which Mr Thomas — who has repeatedly objected to the company’s strategy — was not present. Mr Thomas said that he would set up an action group to establish how the company had become caught out by liabilities that it thought it had passed on. The shares were suspended at 1.37p, after falling from Friday’s 2.75p, valuing the whole company at just £650,000. The administrators are specialist accountants Numerica.

To: peter michaelson who wrote (117607)	8/4/2003 8:23:21 AM
From: StockDung	Respond to of 150070

HERE IS DARREN RIDGE google.com

To: peter michaelson who wrote (117607)	8/4/2003 8:24:29 AM
From: StockDung	Respond to of 150070

Row over mobile firm's winding up PNC Telecom founder says shareholders are demanding inquiry Richard Wray Monday June 23, 2003 The Guardian The simmering boardroom row at former mobile phone retailer PNC Telecom boiled over at the weekend after the company's management decided on Friday to put the business into administration. Deputy chairman and founder of PNC Geremy Thomas, who was not present at Friday's meeting, said yesterday he had been contacted by a number of the company's shareholders who want an in vestigation into the actions of chief executive Ian Gray and finance head David Bradfield. "A number of shareholders have contacted me this morning and I spoke to a number on Friday who are prepared to support an action group which will launch an investigation into what has happened," he said. PNC Telecom, which was worth £130m at the height of the dotcom boom, sold its trading business - including its retail outlets - to privately owned Harthall in April. Mr Thomas objected to the deal at the time. The sale earned the company £2m, which the board said then would be returned to shareholders. But a report from accountants Numerica, which the board was presented with on Friday, warned that PNC still faced significant property liabilities and had no choice but to put itself into administration. Mr Gray, who was appointed as chief executive a year ago, said the company will go to court today to have administrators appointed, but that the process is "a protective mea sure to protect the cash that the plc has got for its shareholders". He added that he was planning his own legal action to clear his name of any criticisms made during this saga. Mr Thomas, however, believes the move is the latest in a series of actions by a management team furious at his attempts to regain control of the company. He left the business in mid-2001 to pursue other business interests but a year later instigated proceedings in the high court to have the then management team replaced. The management of the company warned that one of its major suppliers would remove its credit if the board was ousted and the company would have to stop trading. In December Mr Thomas, a major shareholder in PNC, was brought on board as deputy chairman after a last-minute deal with chairman John Peett. "I believe the directors have conducted a personal battle against me and my ambitions to take control again - to the detriment of shareholders," he said. He alleges that over £1m has been paid in professional advisers' fees. Last year PNC issued a writ against Mr Gray's predecessor, Darren Ridge, alleging "misconduct" and demanding the return of hundreds of thousands of pounds. Mr Ridge denied any fraud or wrongdoing and counter-sued for breach of contract and wrongful dismissal. · Orange, Vodafone, T-Mobile and Telefonica Moviles will today announce that their mobile phone payment system - which they hope to have up and running next year - will be named Simpay. The chief executive of Simpay, Tim Jones, said: "We are talking to more than a dozen European operators about them potentially joining us by the end of the year." The company will enable customers to pay for goods and services using their mobile phones.