MUL - Multiemedia Limited
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Re: MUL - Where to from here?
True, Starr hasn't been the best director. However, being the greedy person that he is and using MUL as his personal gold mine, it does take some momentum for him to give it all up. Would his resignation mean that something negative is about to occur?
True, Starr hasn't been the best director. However, being the greedy person that he is and using MUL as his personal gold mine, it does take some momentum for him to give it all up. Would his resignation mean that something negative is about to occur?
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Re: MUL - Where to from here?
I don't know too much about Clinton Starr's performance as a director of MUL, but I certainly noticed him unloading a lot of shares over the last six to twelve months.
At least we won't be seeing any more 'Change of Director's Interest' notices with his name on them.
That is something I won't miss.
I don't know too much about Clinton Starr's performance as a director of MUL, but I certainly noticed him unloading a lot of shares over the last six to twelve months.
At least we won't be seeing any more 'Change of Director's Interest' notices with his name on them.
That is something I won't miss.
tech/a
No Ordinary Duck
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Re: MUL - Where to from here?
Never ceases to amaze me how the human mind will look at a situation in a light that is positive to his stand point.
Ever thought there could be another way of looking at it?
Being.
Smart Man
Never ceases to amaze me how the human mind will look at a situation in a light that is positive to his stand point.
Ever thought there could be another way of looking at it?
Being.
Smart Man
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Re: MUL - Where to from here?
Happy trading
Stefan
Hm, it has crossed my mind. Then again there ALWAYS is another way of looking at things. Just as much as you like to point out the negative side, I'm keeping a positive one. I assume you have no idea about the directors of MUL and what they've done over the last years as you don't follow MUL at all. He who looks like a smart man today, may just as well look like a fool tomorrow.
Happy trading
Stefan
tech/a
No Ordinary Duck
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Re: MUL - Where to from here?
Stef.
your 100% right.
Ive come along well after this thread took off.
From an outsider looking in I see post after post of reasoning which is no better than guessing as people try to justify their stance in this stock.
Some seem to have profit others seem to be holding considerable loss and bleeding to hear anything at all that will sound like a positive.
Im no better Im guessing too but I dont have anything at stake and Id certaintly not buy the stock.
Playing the Devils advocate(But dont think the devil here would approve!!).
I hope for those trapped that the unlikely occurs
All I know is its not showing anything that remotely looks like positive price action.
Infact from a technical view a fall to 3c would be panic and 2.1 c get me a holiday!
Above 5c Ill shout the bar.
Perhaps Id be more positive if I had an interest!
tech
Stef.
your 100% right.
Ive come along well after this thread took off.
From an outsider looking in I see post after post of reasoning which is no better than guessing as people try to justify their stance in this stock.
Some seem to have profit others seem to be holding considerable loss and bleeding to hear anything at all that will sound like a positive.
Im no better Im guessing too but I dont have anything at stake and Id certaintly not buy the stock.
Playing the Devils advocate(But dont think the devil here would approve!!).
I hope for those trapped that the unlikely occurs
All I know is its not showing anything that remotely looks like positive price action.
Infact from a technical view a fall to 3c would be panic and 2.1 c get me a holiday!
Above 5c Ill shout the bar.
Perhaps Id be more positive if I had an interest!
tech
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Re: MUL - Where to from here?
If we can get above 10 cents Stefan's going to have his MUL-B-QUE!tech/a said:
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Re: MUL - Where to from here?
Ah, MUL will continue to be one of the most talked about stocks with lots of different views.
Tech is right. Playing the devils advocat as a reminder that there is nothing supporting MUL at the moment. With my average I can sit and wait as I'm still profitable even at these levels but my heart goes out to all the many investors who got trapped and those who just can't stand it anymore. It's not an easy ride but it was never ment to be one.
Happy trading
Stefan
Joe, did I really promise a MUL-B-QUE at 10cents? I thought it would have been way above 20 cents as I'm usually a pretty greedy bastard
Ah, MUL will continue to be one of the most talked about stocks with lots of different views.
Tech is right. Playing the devils advocat as a reminder that there is nothing supporting MUL at the moment. With my average I can sit and wait as I'm still profitable even at these levels but my heart goes out to all the many investors who got trapped and those who just can't stand it anymore. It's not an easy ride but it was never ment to be one.
Happy trading
Stefan
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Re: MUL - Where to from here?
Maybe at 10 cents we can just have the Clinton Starr memorial sausage sizzle!stefan said:Joe, did I really promise a MUL-B-QUE at 10cents? I thought it would have been way above 20 cents as I'm usually a pretty greedy bastard
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Re: MUL - Where to from here?
Joe, I like the Clinton Starr Memorial Sizzle Good one...
Maybe we should come up with a BBQ plan for MUL depending on its chart.
Just my thoughts. I'm holding MUL and my opinion is therefore clearly affected by the number of shares in my portfolio. You guys do your own research and come up with your own conclusions.
Happy trading
Stefan
A bit over a year ago, MUL was trading at above 10 cents. And that was based on nothing. So if they can come up with a reason this time, then we should see more than that. Time frame? You gotta be kidding...
Joe, I like the Clinton Starr Memorial Sizzle
Good one...Maybe we should come up with a BBQ plan for MUL depending on its chart.
Well, there is a good chance that the new issue (not a buyback plan btw) will be undersubscribed but I don't think it's going to kill them. They will get some money out of it and they will have to find a way to survive. It's not good for the share price but a fund raiser is never really good anyway. As I said, it will delay everything and I will have to wait longer for that big party to happen. As Tech pointed out, there is always the possibility that this goes down the drain. But I have to say that they've never been closer to the light before so chances are that they can go the last mile without any major dramas.
Just my thoughts. I'm holding MUL and my opinion is therefore clearly affected by the number of shares in my portfolio. You guys do your own research and come up with your own conclusions.
Happy trading
Stefan
Re: MUL holders: Are you taking up the new share offer?
I got a call from the company too but am also not prepared to buy any more shares until I see solid growth and revenue.
I think that a lot of investors are not too eager to take up the offer, we have had the carrot waived in front of us for future forcasts, maybe this has worked in the past years but Mul has to show what its able to do first IMO. Once the company becomes cash fow positive then it may be a different story.
You get sick of companies putting up there hand for shareholders to bail them out and provide cash, based on promises. I dont think they will get anywhere near what they wanted to raise.
We shall see ! :kiffer:
I got a call from the company too but am also not prepared to buy any more shares until I see solid growth and revenue.
I think that a lot of investors are not too eager to take up the offer, we have had the carrot waived in front of us for future forcasts, maybe this has worked in the past years but Mul has to show what its able to do first IMO. Once the company becomes cash fow positive then it may be a different story.
You get sick of companies putting up there hand for shareholders to bail them out and provide cash, based on promises. I dont think they will get anywhere near what they wanted to raise.
We shall see ! :kiffer:
tech/a
No Ordinary Duck
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Re: MUL holders: Are you taking up the new share offer?
I find the notion of MUL calling Share holders enquiring as to whether they will buy the allocation extrodinary.
I find the notion of MUL calling Share holders enquiring as to whether they will buy the allocation extrodinary.
brerwallabi
The Oracle
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Re: MUL holders: Are you taking up the new share offer?
If MUL see themselves as being cash flow positive next year, there could have been a different way of raising some cash in a way that would have had a positive reaction from shareholders and the market with a chance of being fully subscribed. They should have issued Convertible Notes in my opinion, it would certainly be more attractive then the share offer and I am sure would have been better received. I am sure that the share offer will be fully subscribed because there is so much cash around at present. I for one will not partake in the offer, I have not received a phone call, I am glad in a way that MUL has issued another offer because the warning bell has sounded for me, its sounds desperation time to me. Hopefully my MUL sells this week when whatever announcement they are going to make to push the price up comes.
If MUL see themselves as being cash flow positive next year, there could have been a different way of raising some cash in a way that would have had a positive reaction from shareholders and the market with a chance of being fully subscribed. They should have issued Convertible Notes in my opinion, it would certainly be more attractive then the share offer and I am sure would have been better received. I am sure that the share offer will be fully subscribed because there is so much cash around at present. I for one will not partake in the offer, I have not received a phone call, I am glad in a way that MUL has issued another offer because the warning bell has sounded for me, its sounds desperation time to me. Hopefully my MUL sells this week when whatever announcement they are going to make to push the price up comes.
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Re: MUL holders: Are you taking up the new share offer?
Happy trading
Stefan
Me too. Makes me wonder...
Happy trading
Stefan
Knobby22
Mmmmmm 2nd breakfast
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Re: MUL holders: Are you taking up the new share offer?
As an observer, it looks to me they are in a cashflow crisis.
They are asking for more money using the $5000 rule and are worried enough to ring the shareholders. This placement is not underwritten.
The major investor/shareholder has sold out and quit as director. Not a good sign and even worse no announcements of even marginal contracts have been forthcoming despite the need to encourage the shareholders so they can get the cash.
I would be very worried, if the placement fails they will probably need rescuing and everyone will be diluted to a terrible extent at the hands of the merchant bankers and "professional investors" who will only buy at bargain prices. If they don't get rescued, you may lose all your dough.
I have only had a brief look at this so I may be wrong, if I was holding I would be looking very carefully over the previous cashflow statements.
As an observer, it looks to me they are in a cashflow crisis.
They are asking for more money using the $5000 rule and are worried enough to ring the shareholders. This placement is not underwritten.
The major investor/shareholder has sold out and quit as director. Not a good sign and even worse no announcements of even marginal contracts have been forthcoming despite the need to encourage the shareholders so they can get the cash.
I would be very worried, if the placement fails they will probably need rescuing and everyone will be diluted to a terrible extent at the hands of the merchant bankers and "professional investors" who will only buy at bargain prices. If they don't get rescued, you may lose all your dough.
I have only had a brief look at this so I may be wrong, if I was holding I would be looking very carefully over the previous cashflow statements.
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