In 1973 Pete Waterman opened his new shop (with his mate Tilly) - The Soul Hole - in the basement of I AM - a hippy boutique in Hales Street Coventry. It specialised in rare soul imports not available in this country. Pete had connections through his DJ work and had apparently supplied imports to the Beatles on their first visit to Coventry c 1963. The basement was very cramped and soon the Soul Hole moved to upstairs at Virgin Records. I knew Pete from the GEC and the Walsgrave. Pete supported Hobo by giving us an ad, a Soul Hole Singles Chart and the article Virgin Records (Coventry) below published in issue 4 of Hobo - August 1974.