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| john smith |
 Posted: Tue Apr 11, 2006 5:27 pm |
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Posts: 45
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The Jersey Belgravia companies have nothing to do with the Peters.
I've called the Jersey Belgravia and they never heard of any of these people or TLYH companies.
The Jersey Belgravias are a very large pesion fund manager that also has an office in Dubai and is actually a partner to a Dubai based islamic Bank as well as official advisors to the Emir of Dubai. The Belgravia Asset Management and other Jersey Belgravias are run by a Peter Simmons currently.
There is also a Belgravia Telecom on the AIM stock exchange.
There was a Belgravia Financial Services Ltd in the Isle of Man.
None of these companies have anything to do with Smith's Belgravia which is registered in the Seychelles.
The TLYH stock, as anyone can see, has halted trading, so there is no need to put any more nails into the coffin.
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| keithlacson |
| Posted: Wed Apr 12, 2006 7:18 am |
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Posts: 17
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John thanks but...
As of yesterday the stock was still trading. Ticker symbol has changed from TLYH.OB to TLHE.OB. Check: http://finance.yahoo.com/q?s=TLYHE.OB.
Stock finished trading at $2.65 yesterday, 15% up with 10300 shares traded in yesterday's trading.
Belgravia Trust lists the following officers:
Peter Smith - Chairman & CEO
Nigel Gregg - COO
Jose Meleth - CFO
Emmanuel Wolf - COO Master Finance, Europe.
It appears that the operation of Belgravia Intervest has been sold to Amalgamated Holdings SA (the franchise agreement with Affinity Trust will continue till maturity).
QUOTE:
NOTE 6: SUBSEQUENT EVENTS
On December 15, 2005, the Company entered into a franchising agreement with Affinity Trust of its non-European distribution arm for a period of 5 years with an option to acquire at the end of the franchising period. The Company through the operations of Master Finance Holdings S A is now positioned to become a dominant force in the European financial services markets. The areas that have been franchised to Affinity Trust are outside the European Union which otherwise would have conflict of interest with the operations of Master Finance S A and other entities, that the Company is planning to acquire. The franchise agreement calls for the payment of $100,000 per calendar month, until maturity. Affinity Trust is a private wealth management firm with offices in a number of countries. They are committed to developing the international markets and see incredible potential in the third world for financial services as those countries start to develop and expand. Their current focus is the expatriate employee and their longer term strategy sees this developing 4 fold over the next 2 years.
In the year 2006, the Company has franchised the operations of Belgravia Intervest Group Limited to Affinity Group as per the agreement dated December 15, 2005 and later sold the ownership rights to Amalgamated Holdings S A due to conflict of interest between the Company's future development plans and the operations of Belgravia Intervest Group Limited. The monthly payment of $100,000 shall continue to be received by the Company directly from Affinity Trust until the maturity of the Franchise agreement and each installment shall be appropriated towards the sale proceeds of Belgravia Intervest Group Limited to Amalgamated Holdings S A. However, for the purpose of the financial year 2005, the revenue from Belgravia Intervest Group Limited has been considered as income from continuing operations, and the discontinuation shall take effect from the year 2006 onwards
UNQUOTE
Basically, TLHV will have the income from European operations and $100,000 /month franchise income from Affinity Trust.
So
- Affinity Turst SA, Luxemburg (British VI registered) will operate under the Belgravia banner.
- Amalgamed Holdings SA will actually own the Company
- Winterman Group, Seychelles remains the sales arm for selling Tally Ho shares. Winterman Group also "loaned" $2m to TLYH to finance the purchase of Master Finance Europe.
This wasy TLHV will have the regular income from operations in Asia and ME. whilst distancing itself from the lack of regulatory compliance in these jurisdictions. According to press releases it has ceased ops in certain countries including Indonesia, Russia, Saudi Arabia - due to non-registration.
It also advises that there is no tax liability from 2005 operations as jurisdictions covered are tax free regimes, which is not true. So the move may also move potential tax liability and criminal proceedings from Tally Ho Ventures to private companies in offshore locations where there is no disclosure of income.
Basically a pretty good way to circumvent local laws and restrictions and maintain operations whilst keeping the quoted company in operation.
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| john smith |
| Posted: Wed Apr 12, 2006 10:33 am |
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Posts: 45
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I am aware of all that Keith.
TLYH E means the SEC has suspended the trading on TLYH because of non compliance.
No registered security traders and market makers are allowed to quote a price for this stock.
As you can see it is not quoted on the Pink Sheets or the OTCBB.
If someone owns stock in TLYH they pretty much have to find a buyer themselves if they want to sell it. The OBB is an informal market, I believe, where traders can quote bids and ask prices among themselves using their own communications equipment.
The SEC suspended trading as of 10th of April.
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| keithlacson |
| Posted: Wed Apr 12, 2006 3:22 pm |
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Posts: 17
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Thanks, it is clearer now.
KL
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