Australian (ASX) Stock Market Forum

MUL - Multiemedia Limited

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Re: MUL - Where to from here?

the 10mil man will drop off after close he is in no danger of being hit.
yesterday it was two lots of 5mil

regards croc
 
Re: MUL - Where to from here?

Knobby22 said:
I am interested, but see no compelling reason to buy at this stage.

We need to see some writing on the wall. They look like they need another raising which will cause further dilution unless the company really starts making money. If it doen't turn around quickly they will start to get desperate and the dilution may be terrible.

By the time the writiing hits the wall, the price will have already jumped. Its at a slow now, so I think i'll be placing a buy very soon.
 
Re: MUL - Where to from here?

That's called gambling.
 
Re: MUL - Where to from here?

Knobby22 said:
That's called gambling.

:), This is all called gambling. Yet you do it anyway, educated gambling is all we can achieve here.
 
Re: MUL - Where to from here?

post from another forum

Anyone notice this news come out anywhere as i've just found it on their site but it was'nt released through the ASX..
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Multiemedia praised for supporting leading seismology institute’s earthquake relief efforts in Iran
Thursday, 24th February 2005

Multiemedia Limited's satellite division, NewSat, has been praised by the International Institute of Earthquake Engineering and Seismology for providing critical communications in remote locations and assisting in their efforts to save lives.

NewSat's world leading technology and ability to provide broadband and VoIP communications to remote locations enabled the institute's experts to pin point the earth quake disaster area in less than 3 minutes from moment it occurred.

As Professor Zare, Director of the Seismology Research Centre explained, "time is critical in moments of disaster and NewSat's satellite communications gave the much needed support which enabled disaster relief to begin immediately".

The seismology institute has negotiated with NewSat for the support to be ongoing into the future with even wider coverage of earthquake prone regions where old technology communication companies are unable to assist.

Multiemedia CEO Adrian Ballintine, said, “Multiemedia's Satellite Division, NewSat, has a office in the middle east that is achieving great success in gaining contracts to deploy unique satellite solutions on a consistent basis throughout region”.

“NewSat has again proven itself to be a world leader in the delivery of high-quality communications services in remote locations using people, process and technology that outperforms other telecommunications service providers”.

Mr Ballintine also noted that he was “confident of many more opportunities for NewSat in the Middle East, North Africa, Kazakhstan and surrounding countries and that the company had a key role to play in the continued growth and development of the region”.
 
Re: MUL - Where to from here?

Looking Looking.
Anything thats remotely positive is posted on MUL threads.
Every announcement that leads to nothing is followed by the faithful
picking up this sentance or that and suggesting how this will relate to the next BIG move in MUL.

Youll see any BIG move preceeded by an INITIAL big move---a breakout.

Youll all have time to jump on board sure you may miss a cent or so but from the expectation here the move "When it comes" is expected to be 10c +.

Why do people sit on dead money?
In the months Ive been reading this thread its declined from .031c to .027c
Im sure even MUL traders could find stocks returning better than that.
 
Re: MUL - Where to from here?

el_ninj0 said:
:), This is all called gambling. Yet you do it anyway, educated gambling is all we can achieve here.

As Roofus has found out the ATO doesn't think so. Although imo they may make an exception if Roofus was in MUL.
 
Re: MUL - Where to from here?

What really suprises me about MUL ownership is that people that obviously paid alot more for their stock are selling at the same prices people are buying. That is possibly the worst move financialy that they can do. Isn't it obvious that you never sell at the buying price???
 
Re: MUL - Where to from here?

9,000,000 odd shares dumped in the first few minutes after open this morning.

Nothing wrong with taking a loss on a stock, especially if it means moving your capital to more... fertile soil.
 
Re: MUL - Where to from here?

Yer, but if your dumping 9m, ur losing quite a fair bit. especially at the rediculas prices they are going at right now.
 
Re: MUL - Where to from here?

Without knowing much about who, why and when they bought, think about it this way - they may think that the loss now is much more attractive than a larger loss later.
 
Re: MUL - Where to from here?

Ive thought of that. However, I dont believe that it will go much lower than it is. I just thought it is very stupid of the people who are selling at those prices, when really, if they wanted to, they could all be selling at say .03, and they would get that price. Either way, I think there will be a jump in price in the next few days. From reading the charts on comsec, thats what it looks like to me.

Plus, an increase in volume, would indicate to me a higher level of intereste in the stock, which draws other people into this particular security aswell.
 
Re: MUL - Where to from here?

MUL is seeing a lot of dumping this afternoon. It's fairly large parcels and I wonder if it has something to do with being dropped from the S&P/ASX300 last week.

Anyway, I exited my MUL position at 3.0 cents last week and am watching from the sidelines from here on in.
 
Re: MUL - Where to from here?

El Ninjo
Your comment
"Yer, but if your dumping 9m, ur losing quite a fair bit. especially at the rediculas prices they are going at right now."
Better selling today then tomorrow or next week in a stock that is terminal, mate just look at what is going up, find one, its not really that hard, take your loss you made find your loss is not as big as potentially what it might be, put your money into something that is trending up.
From someone who has traded Mul not hugely but i have made my money out of it, I myself me would definately not hold it anymore. There might be opps to trade it, do at your own risk. I myself me would not touch it anymore, dont believe the crap posted on other sites by traders, well you could be one too???
WHY WHY WHY buy hold something going down.
Not qualified to give advice -my opinion only but I did INCREASE my money by $8900 today.
 
Re: MUL - Where to from here?

Don't forget that 80M shares were issued at 2.5c, announced 1/3/5. It doesn't look like they have been sold yet. Next stop, 1.8-2c. I would never touch this one, though hopefully I will be proven wrong.
 
Re: MUL - Where to from here?

Mr or Ms 10 million shares is back at 21c. I think they are trying to prop up the price, but please draw your own conclusions.
 
Re: MUL - Where to from here?

brerwallabi said:
WHY WHY WHY buy hold something going down.
Not qualified to give advice -my opinion only but I did INCREASE my money by $8900 today.

Ok, but do you think that it could drop off the ASX?, i find that extremely doubtful. In my opinion its far more likely to go up, that down.

I could be wrong, but I could also be right.
 
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