MUL - Multiemedia Limited

[stefan]

Re: MUL holders: Are you taking up the new share offer?

it looks to me they are in a cashflow crisis.

Now that's not something new for MUL. They've always been short of cash and always burnt it like there's no tomorrow.

The major investor/shareholder has sold out and quit as director.

That's incorrect. He has quit as a director but he has kept his shares. As such he no longer has to declare his holdings but according to his own statement he's going to remain a shareholder:

I will remain a Multiemedia shareholder, participate in the SPP, and vote in favour of the AGM resolutions. I sincerely wish the company and its staff the best in the future, and will now be watching that future from the “other side of the fence”.

I would be very worried, if the placement fails they will probably need rescuing and everyone will be diluted to a terrible extent

Well, the placement won't fail. It may be undersubscribed but I can't see why they wouldn't be able to survive until March to become cash flow positive. After all, this company is at a turning point with only a few more miles to go. It remains to be seen if they can make it but I don't think this new issue of shares is that crucial to their survival. I'd say the situation was much more dramatic when the share price was hanging around 0.005 not so long ago and yet they still managed to come out of it. I don't like the way MUL is going at all but I can still see some very bright spots in the near future.

If the issue is undersubscribed then the share price will drop. But that's not the end of it. I'll just wait and see until it gets down towards my average entry price. Then even I will get a bit worried.

I have only had a brief look at this so I may be wrong

I may of course be just as wrong with my view but at least I had a very close look before I came up with it.


Happy trading

Stefan

 

[crocdee]

Re: MUL holders: Are you taking up the new share offer?

well said stefan as always you put alot of time into you f/as and thought into your postings. at the moment it is definetly a wait and see this week in the lead up to the agm. i must confess i will be a little concerned if the sp does not improve before the agm. lets hope they have an announcement release before then.

regards croc

 

[McFly]

Re: MUL - Where to from here?

We havent heard from TG for some time... Are you still in the MUL game TG?

As for Clinton Starr... Do we have any idea what led to his departure? Was he asked to leave or was he bailing out?

 

[stockGURU]

Re: MUL - Where to from here?

We havent heard from TG for some time... Are you still in the MUL game TG?

As for Clinton Starr... Do we have any idea what led to his departure? Was he asked to leave or was he bailing out?

Mr Clinton Starr has announced his resignation from the Multiemedia Limited Board of Directors to enable him to concentrate his energies on his new environmental/organic venture, Green Planet Holdings P/L, where he is Executive Chairman, and his family are majority shareholders.

Full announcement here

 

[McFly]

Re: MUL - Where to from here?

Yeah... but that is always bull****. They just make up a vaguely acceptable story to appease the shareholders. I want to know the real story.

 

[stefan]

Re: MUL - Where to from here?

Yeah... but that is always bull****. They just make up a vaguely acceptable story to appease the shareholders.

Whether or not it is bull**** remains to be seen. Here's a bit of an idea why it's probably true:

Over the last year Clinton was constantly selling MUL at all sorts of levels to come up with money for his second company Green Planet Holding. It was no secret that he was trying to raise money, apparently for "personal matters". It was just unclear what the purpouse of his selling was. Now we know. Whether or not he had enough of MUL is a different story and will only lead to speculations. I for one would be the first to understand if had enough. But overall it doesn't make a difference. When he left he still held 10 million shares plus 5 million options. I doubt that he will dump them at this stage unless the company is really at the brink of going bust. There is no indication that this is the case. He more than likely will hold on to it and get as much money out of MUL as he can. He can now dump the lot on the next run without causing much of a stir as he doesn't have to declare it anymore. In short he can get very rich without having to bother. That's pretty much exactly what I would do if I was a director of MUL. Load up, get out and sell when it starts to run.

I want to know the real story.

And you expect to get the real story here? If you want to know the real story you better get in touch with Clinton Starr. Maybe you can invite him over for a BBQ..

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

As feared MUL is slowly falling towards the new issue price of 3 cents where it will probably remain until we learn how much money they got out of the offering. I'm sure glad I didn't put any more money on the table. All offerings have so far failed miserably (except the once way before it hit 1.6 cents) to return value to shareholders.

The closing date and the AGM are both within a few days so we will know a bit more pretty soon.

Happy trading

Stefan

 

[McFly]

Re: MUL - Where to from here?

If Starr milks the run every time the stock rises we have a few more months to wait before we see a substantial gain. The problem with MUL is that there are too many short term punters and not enough investors.

 

[stefan]

Re: MUL holders: Are you taking up the new share offer?

Looks like the shareprice is coming down to match the price of the new offering. So I assume the whole thing will be undersubscribed by a big shot. Interesting times ahead...

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

The problem with MUL is that there are too many short term punters and not enough investors.

That certainly is one of the main problems. And it won't go away anytime soon. I'm wondering what the AGM will show us. They won't look particularly good if the float is falling short of expectations.

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

hi all

mul is really starting to look sick now. they need something special to pull it out of the fire before the agm. they have done it before but can they do it this time that is the question??????

regards croc

 

[Lucstar]

Re: MUL - Where to from here?

Agm has been quite mentioned later on this thread. But what is AGM?

 

[stockGURU]

Re: MUL - Where to from here?

Agm has been quite mentioned later on this thread. But what is AGM?

The Annual General Meeting.

 

[stefan]

Re: MUL - Where to from here?

mul is really starting to look sick now. they need something special to pull it out of the fire before the agm. they have done it before but can they do it this time that is the question??????

Croc, you can't expect the share price to stay above the new issue price. Not with MUL anyway. I would expect 3 cents next week. Not sure if they can come up with news that will push the price up before the offer is closed. Whether they have something ready for the AGM remains to be seen. It's probably the last chance to convince the market that they are serious about their business and more importantly that they are able to produce a stream of income that will be in line with their own forecast. I agree it has been awfully quiet lately but what's more important is the activity behind the curtain with resellers and their ability to sell MUL's solution. Only the AGM will tell us more about that. It's certainly going to be interesting to hear from management how they plan to move on from here.

Only a few more days left, we're almost there

Happy trading

Stefan

 

[markrmau]

Re: MUL - Where to from here?

" ! Wins Red Cross Disaster Relief Contract in Iran"

Congrats MUL holders.

 

[stefan]

Re: MUL - Where to from here?

Yes, good to see some news. I doubt it will do much to the price until the new issue has closed but it will certainly increase the attractivity to sing up for current shareholders. Timing is everything...

I personally think that the more interesting part of the news is at the end: The contract with the Red Cross in Iran follows NewSat’s recent contract wins
with Meeral Company in Iraq and Global Beam Communications in Egypt and
further increases recurring revenues.

MUL has so many resellers and sub contractors working for them, I believe the main source of income is coming out of that kind of business which means we won't really hear about it. It will only show on the reports as they wouldn't announce each and every reseller deal.

Just my idea. Anyway, another contract secured and it can only be good for the company.

Happy trading

Stefan

 

[Knobby22]

Re: MUL holders: Are you taking up the new share offer?

Well there's the announcement of the contract - Red Cross. not bad.
That should help the rights offer.
Maybe there is a future.

 

[brerwallabi]

Re: MUL holders: Are you taking up the new share offer?

Ggggggggrrrrrrrr
Well what an announcement, we have not got Westpac,BHP,GE or such we got the Red Cross well I am still stuck with them as my greed got to me and they didnt reach my sell price looks like I will have to quit for a point or two less tomorrow. I suppose the next annoucement might be the Falklands Island Sheep Farmers Cooperative.

 

[Porper]

Re: MUL holders: Are you taking up the new share offer?

Well, I have had enough, I put a sell order in at 0.034 for the morning, see what happens and hope.I will still lose 25 % of my investment but in my opinion if MUL had very good news they would have announced it, I can only see MUl at around 0.03 at best.I'd rather cut my losses and try something else.

 

[crocdee]

Re: MUL holders: Are you taking up the new share offer?

hi all
i think mul will hit 3.5c today maybe 3.6c it's what i see in the charts. i know all the f/as stuff rewards will come in due course but atm i will hang in there and see what the agm brings. if mul management are really serious about their company they shouldn't let the sp drop to 3c next week.

ps don't like to mention the charts to much these days they use to burn the witchs at the stake in the old days[never did like fire]

regards croc