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Started: Ratjus, 31 Jul 2020 12:25
Last post: Ratjus, 31 Jul 2020 12:25
Hello
Attention HSG members...
There is no hope of any positive outcome for ex YELL/HIBU shareholders who joined HSG
You have been herded together to stop anyone pursuing real litigation claims
Ask yourself if HSG is controlled opposition? Think back to the last days, weeks, months of Yell/Hibu trading Moocher was the biggest ramper of this share, all the way to the end, he sucked investors in. "Still topping up" was his signature message.
The Chris character appeared from nowhere and offered his self up to lead this "opposition" group in a fight for justice when shareholders were screwed over. Between them, they have managed to let 7 years go by without taking the members anywhere near a court room. Members of HSG have paid substantial sums...where has that money gone and what was it used for?
All members got for their contributions were nicknames on a BB. No real names, faces or personal contact details were ever made available.
The Chris character, Moocher, and others all appear genuine...but are they? Are they laughing at ex shareholders? Have they completed their mission to keep this from ever going to court? 7 years have passed - too late now. Job done.
Delay after delay, setback after setback is all HSG members have had for their money, and plenty of excuses
Please don't give any more money. Think about why HSG was all ready to go in 2013 and why everything was so kept so hush hush in the media.
Started: southcbubble, 18 Nov 2017 23:52
Last post: southcbubble, 18 Nov 2017 23:52
Well if you look back through the posts, many years ago, you will see that I warned investors, that it was very very very stupid for this company to change its name from Yel to Hibu. With all the debt this company had, it decided to change its name, which obviously cost millions. Well I also advised PI's to sell their shares, that was before the first consolidation. And yes I was proved correct!
Not really when you trade and invest in 50+ small cap shares per year - the trick is not to hold more than 5-10% of your portfolio in any one share to avoid wipe out... I guess some in MTV were over exposed.. be good to know which shares you hold instead of your obsession with my investments and shares you have no financial interest in
Started: bloch, 12 Jun 2016 18:30
Last post: bloch, 12 Jun 2016 18:30
Hi KNIGELK Sorry to hear about your losses in this stock as well. To have one share get delisted is unfortunate but to have two is share carelessness.
Started: nodeal, 5 Dec 2013 07:42
Last post: nodeal, 5 Dec 2013 07:42
Shareholders voted to contact the Serious Fraud Office, about time this was done, but don`t we need the BIS/FCA to investigate first to get the ball rolling. The Yellowbook saga as far as I understand never got to a formal offer for the company, or is there evidence to state otherwise. There are the indictments by hibu on two directors & chairman of Yellowbook do we know the details?
Thanks - hopefully at some point in the future some of what you have found out may be able to become public? It must have been an unique experience today at the meeting - that's for sure. gl
Knigel, I seem to remember you said you had sold out prior to suspension and so could not become a member of the hSG. I know you do retain a genuine interest in shareholders being recompensed and will just say that the discussions on the hSG site at the moment would really open your eyes. Unfortunately I am not a liberty to divulge any of that info on the public boards but you would definitely be impressed with the actions of this group if you could see, especially the 10 new directors.
What are the administrators going to administrate when everything has been shifted to another holding company which is continuing to trade aka "business as usual"? Surely the administrators might wish to "talk" to the new directors since the old directors have been booted out of the "empty shell" holding company? The plot thickens...
Started: Buster66, 4 Dec 2013 12:50
Last post: BlindPanic, 4 Dec 2013 18:39
I meant school boy error by Wiggers. Jesus what a bell end he is. Hope these clowns go to jail. Won't get money back for lenders or shareholders but some satisfaction for both. At the very least they will get banned as directors.
Just for you my friend..... no school boy mistakes. Its in public domain..... If I have to give him any benefit of doubt then I would say when he bought the debt it was not his intention to go on this route which BoD took soon after he bought the debt. Why would he put his name and career at stake for a small investment? But why do I give him a benefit of doubt, to shareholders he has proved himself nothing more than just a conman. Perhaps he is not the only one who bought the debt as soon as greed kicked in. Nobody knows who are these 200-300 lenders but we know at least one individual lender :) :) As you insist to see the proof, here it is: http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/media/8892660/Yell-bonds-bought-by-Bob-Wigley-for-200000.html This is what you can find in public domain, use your own imagination to think what is not in public domain but hopefully soon it will be.
Sorry Khan - I rudely answered Jumeirah first. I'm not surprised Wigley and Pocock didn't attend are you? They had nothing to gain by getting into a stand up debate with HSG and no legal duty to do so. Can you substantiate the allegations about Wiggers buying debt? That would be really funny if you could and a great big schoolboy error on his part. I'm definitely not pro the BoD and am not really anti HSG per se - I guess I just don't really understand what they hope to achieve nor how anyone could have thought this could be avoided. Whether or not shareholders feel like they were properly informed I'd be very surprised if they could pin that on the BoD given who they were being advised by. To be honest given some of the lack of basic understanding around the legal and commercial situation here I'd be surprised if some shareholders got the message if it was in flashing lights in front of them. As for my own motives, we'll you'll just have to take my word for it that I'm just curious about what makes people take up arms (and throw good money after bad unless Dearing is working pro bono) chasing a lost cause.
BP It would be wrong to state on this forum just what documentation is available but having seen sight of certain items I would have said that there are indeed interesting times ahead. The feed back I received from the meeting was positive and well behaved, the reason why I could not attend is that I do not live in the UK, hence the trading name Jumeirah which is in Dubai. From my perspective I have to disagree with the 'no powers' statement as I believe that there are 'Residual' grounds which may support their ability to undertake investigations.
Maaaaaaybe but of course the directors have no power to investigate now the administrators are in. Have you evidence that such an offer was ever tabled? It doesn't stack up for me since that would have represented a roughly 50% recovery on the debt (all proceeds would have gone to lenders) and meanwhile the debt was trading at about half that level. Therefore was there anything to announce? Presume there were riot police there or at least bodyguards for the Deloitte blokes!
Started: carvegyber, 4 Dec 2013 10:24
Last post: Maddog59, 4 Dec 2013 11:05
I enjoyed the banter and learned a lot even if it did cost me nearly six K an expensive lesson, but I knew the risks took a chance and lost. Looking back I am pleased I got out and saved something, but I never thought HIBU had legs I was expecting a bounce to make a small profit and then to see HIBU go to the wall. Sadly I only got one thing right!
I remember you.... and some others way back from when this was still going. Blind panic and piler is still posting I see. Hope this can have closure soon. Sad but reality of corporate world. Learn and live.
Started: SharesUp, 4 Dec 2013 09:26
Last post: Maddog59, 4 Dec 2013 11:00
50000 shares what are you hoping for? That's only £85 at the closing SP at one stage I had over a million. Sadly I think you will get nothing. What did you pay for them?
Could somone please kindly let me know if we (shareholders) would have some money back? I have over 50000 shares with this Bxxxxxx.
Started: lifeagamble, 4 Dec 2013 08:42
Last post: lifeagamble, 4 Dec 2013 08:42
RBS will be investigated for making companies go to the wall taking there assets then selling them to make money. Is this not what has happened to these shares on some of the figures I see on here this company was making money. Might just be me reading it wrong.
Started: deedee67, 4 Dec 2013 08:33
Last post: deedee67, 4 Dec 2013 08:33
Meeting going ahead! http://www.itbusinessnet.com/article/Northern-Ireland-businesses-risk-alienating-consumers-with-lack-of-online-presence--2949493 Hibu incentivising sales staff to promote their "new" seo optimised websites! New surveys new bs. Salespeople who are trying to safeguard their own situations will do as always have done, transfer money from one product to another to fulfill target parameters. Dog chasing biggest stick scenario. Customer loses as digital products s##t! Another sales person goes back and tells them that was wrong and switches them to something else. Paradigm of customer dissatisfaction and prompting deceit from their own staff! All while losing revenue and customers! Massively incentivising staff to bring new customers on for process to start again! Now under 300k paying customer s, i.e. directly from Yell!
Started: Jumeirah, 4 Dec 2013 04:23
Last post: Jumeirah, 4 Dec 2013 04:23
Actions Against Directors Wrongful Trading (Section 214 Insolvency Act 1986) You continue to trade when you knew or ought to have known that your company was insolvent and had little chance of recovery. If found guilty a director will be required by the court to contribute to the assets of the company as compensation to those creditors who have suffered due to the wrongful trading. The level of contribution is generally assessed on the extent to which the company’s financial position deteriorated since it was known or should have been known that it was insolvent with no reasonable prospects of avoiding insolvent liquidation. A successful prosecution may also lead to action under the Company Directors Disqualification Act 1986, seeking to prohibit you from acting as a company director for a period of between 1 and 15 years.
Started: nodeal, 3 Dec 2013 17:34
Last post: deedee67, 3 Dec 2013 19:26
LOL! I can't believe "nodeal"! If I were to draw a comparison I'd say that he was as inconspicuous as the brit masquerading as a French policeman in Allo Allo! It’s hard to say which senior member of staff he is, or just a biscuit boy of one of them? Also pleased to see that one can call a company and be told, over the phone mind you, of a legal process? Anyway, here’s an interesting article I’ve picked up today: http://www.whatech.com/members-news/ecommerce/17335-cardiff-businesses-risk-alienating-consumers-with-lack-of-online-presence which is in direct contradiction of a survey conducted in the North East by Hibu not so long ago. They they bought and then recruited and then brought an American rival and showcased him around the UK with facts/figures of how many people were using Yellow Pages (directories) as opposed to online? Surveys were also done in other areas and the results were no different. In contradiction to that survey, another survey was conducted doing the exact same by an online provider yet, in stark contrast, their results were polar opposites? It is alleged that Hibu roped this guy in and 3rd party hoodwinked their hapless salespeople yet again to convince the unsuspecting businessman in the facts and figures which, allegedly, were falsified and fraudulent? Looks like its business as usual for Hibu. Continuing to lie and continuing to make slaves of the salesforce and make cowardly attempts to be Teflon coated!
I telephned deloitte today & asked them what the agenda is going to be, it is not looking good, this is what I was told: " the purpose of the general meeting tomorrow will be to adjourn the general meeting indefininately, there is no resolution no questions will be taken as hibu are in administration" I asked why no questions can be asked & was given the same answer. someone needs to make sure these questions get asked & that Deloitte confirm receipt of the questions & that they will get answered. Good Luck to all that are attending. I
Last post: Maddog59, 3 Dec 2013 17:12
Occasional I glance at HIBU surprised mostly to see that it is still on LSE, even more so to see the level of debate about something that is dead and gone. For those that have hope remaining I wish you well, but this is a period of morning, there's little point I suggest digging up the coffin and asking a doctor for a second opinion. HIBU is dead and with it your money. I had a few for a while, it was a punt I got a bloody nose and walked away with a lot less than I put in just before the end. My experience says you will get nothing from this and your time and effort would be better spent on something more productive. I know some lost a small fortune but there were warnings and those that failed to heed them will have learned a singular lesson. No I don't have shares in HIBU, neither do any of you any more! But best of wishes to those flogging this dead horse prove me wrong and I'll be happy for you all.
For those planning on attending tomorrow don't forget to bring photo id with you.
Started: BlindPanic, 2 Dec 2013 10:06
Last post: Jumeirah, 3 Dec 2013 09:49
BP I agree that Deloitte have a responsibility to answer questions on 'Conflict of Interest' which will, I'm sure be one of many HSG questions going into the future. I am of the opinion that the BOD seriously underestimated the reaction of the shareholders. This situation is not going to go away anytime soon. It's a pity that information posted on the HSG members website cannot be posted here as it would give a more pragmatic understanding of how the company managed to get into this position and would give a little more credence to why the group are persuing the issue so vociferously. All I can say is if you are a shareholder and can attend tomorrow - do so it will be in your long term interest.
Excellent. Deloitte have been working with the BoD for two years so I'm sure they can help with some of the questions arising over that period. Their original scope was to undertake diligence on the business plan (the one with Pococks blue sky ideas). They are widely thought to have been very soft on that such that the lenders looked at replacing them last year. They almost certainly had some form of duty of care to the lenders. All that being said I think they will just stonewall you with info on the process and not much else. They are likely to explain some of the points I've been making on here about the business being insolvent and the directors duties in such a situation. I don't think you'll come away feeling any more informed and certainly no happier. Angry mobs generally get nowhere.
Yes the EGM is going ahead. Deloitte's letter to shareholders says that Deloitte will be there but no other representative from the company will be in attendance. And who can blame them. There's going to be a lot of shareholders there and I don't think they will be in a good mood!!
I'd be extremely doubtful that this EGM can go ahead. Who is going to pay for it? Given the company is in administration then the partners at Deloittes are responsible for any costs incurred and I'd seriously doubt if this was seen as a justifiable use of creditors funds. If I was a shareholder I'd demand proof that it will go along. Maybe call Deloitte in London and ask them?
Started: Khan-the-trader, 2 Dec 2013 16:28
Last post: BlindPanic, 2 Dec 2013 16:44
No ranting from me Khan since I wasn't dumb enough to invest in this :) How do you know I would have moved on? I have an interest in how this kind of thing works in general and more knowledge on the topic than most so you will just after put up with me. In the last email I was actually trying to be helpful (as always!)
BP if you are truly a bystander and have no financial interest in this company you would have moved on by now. Your constant ranting speaks volume. Do-little have been advising Hibu and now they have become administrators too and you are advising people to ring them and ask if the EGM will take place or not. The EGM will take place and no one, no one can stop it. No one is saying that shareholders will out of EGM with a settlement, we know the outcome and you alongwith BoD know the significance too.
Started: Ewan5, 2 Dec 2013 13:42
Last post: Ewan5, 2 Dec 2013 13:42
Business is either defunct or it isn't. Wiping out debt and shareholders and then going on again is a joke, no wonder not of the digital stuff was rolled out. All kept back for a marquee relaunch. At very least previous shareholders should be offered heavily reduced shares in newco (if they are brave enough to) in effort to reduce losses.
Started: Jumeirah, 2 Dec 2013 12:45
Last post: Jumeirah, 2 Dec 2013 12:45
Criminal liability is imposed for obtaining property or pecuniary advantage by deception and for false accounting. Where such an offence is committed by a company with the consent or connivance of a director or other officer, that person will be liable as well as the company. Also, an offence will be committed by an officer of a company who, with intention of deceiving members or creditors of the company, publishes, or concurs in publishing any written statement or account which he knows is or may be misleading, false or deceptive in a material particular (including by way of omission) (Fraud Act 2006, sections 1 to 4 and 12; Theft Act 1968, sections 17 to 19; and Theft Act 1978).
I refer you to Buster66's entry earlier, notably the last sentence in, "PLEASE STILL ATTEND THE EGM. It is important the meeting goes ahead as planned and the resolutions are passed as well as others that may be raised by HSG on the day. Deloitte do not have the powers that they are trying to convey in their communications with holders so don't be fooled into staying away."
What is the point of attending please? No one from the company will be there and the resolution results (I presume) will not be released via a RNS? Do the HSG then plan to take the minutes and vote statistics to the head office and present them to the CEO? I support what the HSG is doing but cannot see how this is anything more than grand standing?
Started: Sapphire, 1 Dec 2013 17:59
Last post: Sapphire, 1 Dec 2013 17:59
Hi, I should have said, that you should try to come to EGM It is important for you to attend the meeting which STARTS at 9.00 am, on Wednesday, 4th December, 2013, at the Royal Berkshire Conference Centre at the Madejski Stadium in Reading ….. Registration begins at 8.00 am for the meeting to start promptly at 9.00 am. Please be at Registration by 8.00-8.30 am…. Warning: The meeting will NOT wait for stragglers or those in a queue to be allowed entrance, so do not rely on a smooth road or rail journey. Thanks, guys. See you there.
Started: Arsenal221, 1 Dec 2013 17:48
Last post: Arsenal221, 1 Dec 2013 17:48
I would like to say though, good luck to all genuine holders & hope that you get some of your investment back.
Started: Sapphire, 1 Dec 2013 17:43
Last post: Sapphire, 1 Dec 2013 17:43
Travel information - hope it helps someone.... Reading Central Railway Station Is located in the city centre, almost 4 miles from the venue. There is a small M&S food hall in the station, with other smaller shops. For cafes and cty centre shops, exit on Forbury Road, and with your back to the station, walk straight on, down any opposite road. Shops are literally 2 minutes away. Taxi Cabs Many black cabs at and diving around the station, parked in the road leading to the Garrard Street car park, and in Friar Street. Approximately £6 cost to Madejski Stadium. By Car Sat Nav Postal Code - RG2 0FL I have enquired and been told that parking at Madejski Stadium for conferences is free. Fyi, if we want to go into town and celebrate! There is a Park & Ride service, so you can leave your car and take the Madejski Stadium bus into town. Bus fare to town one way is £3/£4. Note that parking in town is very expensive, around £17 for the day, and permits are required to park cars on the street within a mile of city centre. The Venue http://www.rbcc.org.uk/ Royal Berkshire Conference Centre Madejski Stadium Reading Berkshire RG2 0FL Tel: 0118 968 1333 Site gives these directions: "CAR From M4 Junction 11, take the A33 to Reading through the traffic lights. Straight ahead at the mini roundabout, at the second roundabout turn left, at the next round about take second turning up the hill towards the stadium. Follow the road around the stadium over the two mini roundabouts and pass the hotel entrance on your right. Car parking is available in the blue car park in front of the Mega Store, entrance to conference centre to the right of the Mega Store. BY TRAIN TO READING, THEN BY TAXI Once arriving at Reading Central Station, leave the station out of the main entrance taxi rank is located to the right hand side. MADEJSKI BUSES From Bus stop "SI" located outside of Reading Central Station, this bus service operates every 8 minutes to and from the Madejski Stadium/Royal Berkshire Conference Centre." I understand the Madejski Stadium buses start early (around 6.00 am - person unsure) and finish running at 8.45 pm. The correct change might be required. Also, Google Maps tells me (I don't know for sure) you can take bus number 50 from Station Road, off Forbury Road and opposite railway station. 4 miles from town, so would take 25-35 minutes. Hotels Apparently, there is a Millennium Madejski Hotel which is linked to the conference centre, tel 011 8925 3500, but very dear – asking around £170/night. Reading is expensive to stay in overnight – cheaper to stay outside Reading and travel in, if you want to be close to the venue the night before.
Started: shaa, 30 Nov 2013 22:29
Last post: shaa, 30 Nov 2013 22:29
I want to hear more about Barcelona! Seriously, if you haven't joined HSG there is still time, I was really down and out last Wednesday but things are moving OK now. It may be your only chance to catch up on news shortly because let's face it LSE may take this board down soon.