MUL - Multiemedia Limited

[el_ninj0]

Re: MUL - Where to from here?

So true TjamesX & Knobby22.

What a strange announcement this week by Ballintine....it seemed positive but no real depth in details, no income forecast for the deal etc. etc.
It's like MUL's usual 'Clayton's Announcement' ie. the announcement you make when it's not really an announcement.

The litmus test is going to be MUL's upcoming performance announcement and to see whether it bears any similarity to the statement, restatement, and further statement by Ballintine that revenue and profit forecasts are totally on track and running to forecast.

The shareholder's challenge I hear is just waiting for this information to strike,
as it'll vindicate their move.

Me thinks that Mul shares are moving ever closer to

What'd you all think??

I think im lucky I got out at 2.4c, and wish I had never bought in. But it tought me a valuable lesson, always do your own research!!!!, and always do it thuroughly, aspecially in management. I learnt the hard way, as many first timers in the share market do, so anyone reading this that is new to the game, remember those words, as everyone that is atleast half competent will tell you the same.

 

[dmargon]

Re: MUL - Where to from here?

i cant believe that ballentine would post something so stupid. this suggests that he has only made ONE sale in the middle east in the last 6 months. so what is the purpose of his high flying ex trade comissioner?
what the market needs to see is that the business inst insolvent. that it is making money as predicted by balentines multiple statements to that fact.
d

 

[tech/a]

Re: MUL - Where to from here?

Are there really people here still in this?

Joe this thread should be archieved for ALL newbies to read through.
Its priceless.

 

[Knobby22]

Re: MUL - Where to from here?

It's piqued myself and others interest.
It is actually a fun share to follow, as long as you don't invest in it :dance:

 

[dmargon]

Re: MUL - Where to from here?

well there are 6 trillion shares out there, so someone has invested and someone owns shares...

 

[Knobby22]

Re: MUL - Where to from here?

I think you may be right about having made only one sale within the Middle East, dmargon. We shall see. One month to go!

 

[lescent]

Re: MUL - Where to from here?

Hey Everyone - Remember This......

In late 2003, Ballintine issued an announcement to the market about an
independant analysis of MUL done by Findlay's Stockbrokers.
In that amazing report Findlay's forecast that at this time MUL's share price should be somewhere between 35 cents and 55 cents per share.

NO, I didn't say 3.5 cents/share or 5.5 cents/share - I said Thirty Five Cents per Share to Fifty Five Cents per share.

UUUmmmmm.........WHAT HAPPENED !!!!!

The MUL share price is currently 1.6 cents/share and FALLING like a stone.

It reminds me of another thread on aussiestockforums that chatted about a shreholder who invested $1+ million with Merrill Lynch to investment manage and 3 months later had just over $100K left. - nearly a $900K LOSS in 90 days.

If we'd followed Findlay's analysis - guess what - it'd be about just as bad for all of us.

The moral of the story is tread carefully, do your own research - purposefully, and be wary.

Please remember.....those who forget the past are bound to relive it.......to their ultimate damnation. :behead:

 

[dmargon]

Re: MUL - Where to from here?

hi lescent,
your always talking doom.
i cant believed that balentine would be so stupid to want to send himself to jail ala adler etc for misleading the market so much, if he really is an ****hole then he probably thinks he can get away with it like starr, but starr isnt over it yet, and i dont believe balentine is that stupid, i reckon he has to be telling the truth about profitability, hes said it so many times, and that the shares will turn around like they did over a year ago. balentine has too much to lose, im sure, based on his statements recently (ignoring that silly one about the new m.e. contract) that he will make a profit.. it would be too damaging if he doesnt.

 

[Joe Blow]

Re: MUL - Where to from here?

Are there really people here still in this?

Joe this thread should be archieved for ALL newbies to read through.
Its priceless.

I agree. This thread is a classic and should be required reading for all newbies - all 80 something pages of it!

I feel a special affinity with it because I was the one that started it back when there was about a dozen people and a few tumbleweeds here at Aussie Stock Forums and it has since grown into a monster.

As for it being archived.... absolutely! I don't intend to do any pruning of threads. Everything is here to stay... the good, the bad and the ugly!

 

[lescent]

Re: MUL - Where to from here?

Thanks for the Reply DMargon

You need HELP ! You couldn't possibly believe what you're saying....or else you're a MUL employee blindly supporting your masters.

Haven't you been reading all the facts I've provided about Ballintine & MUL??

Let's recap....... :freak3:

1. Ballintine has stated, restated, and fully confirmed that MUL's 2 year forecast is right on target and that the co. is cashflow positive and is going to report a PROFIT during this reporting period. We'll have to wait a few more weeks for confirmation of this.
2. MUL is being sued in the Supreme Court for $46 million and the Trial Date is set for 3 October, 2005. We'll have to wait a few months to see whether Ballintine's statement to the ASX and the market that MUL will be successful in defending the claim as advised by their solicitors is true and correct, or whether the judge hasn't read MUL's solicitor's opinion and Ballintine's statement and judges in favor of the plaintiff's whereby MUL is ??????, and Ballintine will most probably face ASIC.
3. Ballintine announced this year that the Supreme Court $46 million claim against it hadn't been either quantified or specified, and then a few weeks later had to admit to the market that it had been. What was he trying to hide?
4. MUL is facing a Class Action being commenced against it relating to the Share Purchase Plan in late 2003 that raised $17+ million that's all been spent.
MUL's legal expenses are going to skyrocket.
5. MUL has raised $25 million over the past 2 years, still lost $10 million last year, and just issued 13 million shares at a value of $260,000 to activate a $10 million Equity Finance that once it's fully drawn down will dilute the shares on issue from 1,500,000,000 shares to 2,000,000,000 shares.
Where did all the money, and what good has this expenditure done for the shareholders?? Also, why hasn't MUL disclosed the details of the deal to shareholders?
6. Word on the street is that a large group of substantial shareholders are going to vote-out the MUL Board and sack all the Senior management so as to save the company. I hear that one of MUL's most senior executives is an undischarged bankrupt.
7. Ballintine and MUL's Board have in the past worked closely with Charles Abbott, ex-Deputy Chairman of HIH Insurance (Australia's largest corporate collapse) AFTER HIH collapsed - trying to raise capital for MUL.
8. In late 2003, Ballintine issued an ASX announcement about an independent analysis of MUL by Findlay's Stockbrokers that forecast that by now MUL's share price would be between 35 cents/share - 55 cents/share, whereas today the share finished at 1.6/1.7 cents per share - going DOWN.
9. Clinton Starr ex-Director of MUL pleads guilty to not 1, not 2, not even 3 ASIC charges, but to a massive 25 separate ASIC charges related to his trading MUL shares and is fined $7,500 plus $6,000 costs.
10. ; 11. ; 12 and so on and on and on.

Look DMargon, I could go on all day but there's too much to document and I'd rather comment on what's about to happen.....so please review the above and maybe re-assess your belief in Ballintine and MUL.

If you've got lots of shares in MUL, then its :goodnight for you.

 

[tech/a]

Re: MUL - Where to from here?

Look its really simple

Buy whatever you like whenever you like.

Just have a stop at a point where you can say your analysis (whatever that maybe) has proven to be incorrect.
Simply the stock isnt trading in the direction your analysis indicates it should be.

Then TAKE YOUR STOP when triggered.

YOU have control.

If you let your losses become painful you simply wont take them to avoid the pain.

You dont have control THE MARKET does.

THE MARKET has NO EMOTION so it will do what it does INSPITE of your hoping and or analysing (of every scrap,snippet,whiff of news) looking for and finding positives in blatantly negative news.
You MUST learn and adhere to this BASIC of trading rules---Preserve your capital above all.

Let the market have control when your trade is moving in the direction of your analysis.
Take back control when it doesn't

 

[lescent]

Re: MUL - Where to from here?

Look its really simple

Buy whatever you like whenever you like.

Just have a stop at a point where you can say your analysis (whatever that maybe) has proven to be incorrect.
Simply the stock isnt trading in the direction your analysis indicates it should be.

Then TAKE YOUR STOP when triggered.

YOU have control.

If you let your losses become painful you simply wont take them to avoid the pain.

You dont have control THE MARKET does.

THE MARKET has NO EMOTION so it will do what it does INSPITE of your hoping and or analysing (of every scrap,snippet,whiff of news) looking for and finding positives in blatantly negative news.
You MUST learn and adhere to this BASIC of trading rules---Preserve your capital above all.

Let the market have control when your trade is moving in the direction of your analysis.
Take back control when it doesn't

tech/a - you're soooo right!!!!!!!

 

[tiggy7]

Re: MUL - Where to from here?

Mul looking very sick with not much support on the buy side They really need to pull something out of the hat pronto. The market does not seem confident in them meeting their forcasts at this point in time. I can also add that if they do come up with the goods she will rocket up fast. Its one big gamble on this company

 

[lescent]

Re: MUL - Where to from here?

Heck, you're SO RIGHT Tiggy7,

Let's recap.......

1. Ballintine has stated, restated, and fully confirmed that MUL's 2 year forecast is right on target and that the co. is cashflow positive and is going to report a PROFIT during this reporting period. We'll have to wait a few more weeks for confirmation of this.
2. MUL is being sued in the Supreme Court for $46 million and the Trial Date is set for 3 October, 2005. We'll have to wait a few months to see whether Ballintine's statement to the ASX and the market that MUL will be successful in defending the claim as advised by their solicitors is true and correct, or whether the judge hasn't read MUL's solicitor's opinion and Ballintine's statement and judges in favor of the plaintiff's whereby MUL is ??????, and Ballintine will most probably face ASIC.
3. Ballintine announced this year that the Supreme Court $46 million claim against it hadn't been either quantified or specified, and then a few weeks later had to admit to the market that it had been. What was he trying to hide?
4. MUL is facing a Class Action being commenced against it relating to the Share Purchase Plan in late 2003 that raised $17+ million that's all been spent.
MUL's legal expenses are going to skyrocket.
5. MUL has raised $25 million over the past 2 years, still lost $10 million last year, and just issued 13 million shares at a value of $260,000 to activate a $10 million Equity Finance that once it's fully drawn down will dilute the shares on issue from 1,500,000,000 shares to 2,000,000,000 shares.
Where did all the money, and what good has this expenditure done for the shareholders?? Also, why hasn't MUL disclosed the details of the deal to shareholders?
6. Word on the street is that a large group of substantial shareholders are going to vote-out the MUL Board and sack all the Senior management so as to save the company. I hear that one of MUL's most senior executives is an undischarged bankrupt.
7. Ballintine and MUL's Board have in the past worked closely with Charles Abbott, ex-Deputy Chairman of HIH Insurance (Australia's largest corporate collapse) AFTER HIH collapsed - trying to raise capital for MUL.
8. In late 2003, Ballintine issued an ASX announcement about an independent analysis of MUL by Findlay's Stockbrokers that forecast that by now MUL's share price would be between 35 cents/share - 55 cents/share, whereas today the share finished at 1.6/1.7 cents per share - going DOWN.
9. Clinton Starr ex-Director of MUL pleads guilty to not 1, not 2, not even 3 ASIC charges, but to a massive 25 separate ASIC charges related to his trading MUL shares and is fined $7,500 plus $6,000 costs.
10. ; 11. ; 12 and so on and on and on.

Think about it !!!!!

 

[pinguen]

Re: MUL - Where to from here?

hi,
Have a look at this.
http://www.22ss.com/visit.php?lid=474

 

[dmargon]

Re: MUL - Where to from here?

Nilesat isnt a mul satelite i think... ???

 

[pinguen]

Re: MUL - Where to from here?

We should have a look at the announcement.
http://www.multiemedia.com/investor/investor_asx.html

 

[dmargon]

Re: MUL - Where to from here?

over on hotcopper.com.au a thread is open asking if balentine still works at MUL, (apparently) he doesnt seem to return calls, isnt seen in public etc.
some are suggesting hes gone sailing with funds from mul shareholders, others suggest even worse, some just think hes busy buying cigarettes for trading when hes in jail. someone suggests that if he cant perform his duties then the ASX / ATSIC should be informed.

What a sorry situation for a CEO of a public company to be in. What a sorry situation for a company to be in.

I sure hope adrian gets better soon (assuming hes sick...) so that he can turn the company around, as he has indicated will happen....
d

 

[pinguen]

Re: MUL - Where to from here?

http://www.alfayhaatv.net/index2.htm

 

[dmargon]

Re: MUL - Where to from here?

ok pinguen,
how is this site relevant to anyone?
you have a whole pile of unusual posts which dont seem to say anything, i would like to understand what you are trying to communicate, unless its trying to scroll a previous posters comments...