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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.
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
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.
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...
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!
BP I believe that the new Directors will now be able to start delving a little deeper into the reasons why the Old BOD went down this route of administration. For example why was the offer of 1.9 billion for the US arm of the operations not notified to the markets, how can you conceal that kind of information which could have had fundamental impact on share value. The plot thickens and I'm sure even more questions will be raised in the future - to what end I'm not sure at this juncture.
I did expect the question from you BP. A lot has been achieved, for a starter, how about Bod and his con artist Poodle not turning up for the meeting to face questions, if they have nothing to hide, where were they? looking for another company to re-act their con. A crime is crime whether a company is dissolved or trading. Chair first buys cheap debt and then gifts a part of business to himself as a creditor. I had to recommend your post for your courage in attempts to discredit HSG leadership. So my friend what is your agenda, are you anti HSG or Pro Hibu Con artists aka BoD. You cannot be a bystander because of your apparent interest in Hibu.
But they haven't achieved anything?????? Would still like to know what any of them/you think the alternative was here. Just for academic purposes obviously!
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!
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?
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.
Could somone please kindly let me know if we (shareholders) would have some money back? I have over 50000 shares with this Bxxxxxx.
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.
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!
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.
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!