MUL - Multiemedia Limited

[lescent]

Re: MUL - Where to from here?

No problems u300314.

I bought at 6 cents and stupidly considered the rubbish 'independant' Findlay's report that said the MUL shares would be between 35 cents - 55 cents per share by now - silly me.

With MUL shares at 1.5 cents per share, i'm so far in the red I have to hold as i refuse to make such a large loss.

That's why I want either the Board and management to smarten-up, or be unceremoniously DUMPED.

 

[DRUGGIST]

Re: MUL - Where to from here?

Lescent,

I also have the same problem, and have made my loss. If there is any upside it is that any gain will be tax free for the next 400%

Druggist

 

[dmargon]

Re: MUL - Where to from here?

wow wonderful, then why doesnt mul disclose (as per statements to asx regarding continuous dosclosure) this glorious information to the market who constantly and so desperatly need information to believe in MUL?

sigh, i have to admit, its a complaint i have had since investing in mul.

your a great spokesman for the company.

you still havent disclosed who you are.

so, back to the topic, questions to ask at the GM.

d

 

[dmargon]

Re: MUL - Where to from here?

oops, i was addressing my reply to u300314..
d

 

[zoop]

Re: MUL - Where to from here?

Hello u300314 and ALL,
I wonder why MUL doesnt post this great iinformation itself and help the poor shareholder?

 

[IcUrPoint]

Re: MUL - Where to from here?

7. What is the status of the $46m Supreme Court claim due in October (plaintiff Switchcorp - a company that has never traded with assets of some $7,000). That question will be asked on behalf of Lescent (as he is not a shareholder and as such can't attend the meeting; his only interest in MUL it seems is to protect the 9,429 shareholders).

Hi Guys

What is the current status of the $46m Supreme Court claim due in October

what is meant by (plaintiff Switchcorp - a company that has never traded with assets of some $7,000).

best

 

[brerwallabi]

Re: MUL - Where to from here?

what is your question to the GM brerwallabi?
d

I have no questions as I have no financial interest, once I traded MUL, rephrase many times I traded MUL and also thought it had great potential and even built a bank of shares.This current market over the last two years has presented an almost wealth of opportunities which even if you were the dumbest invester you still stood a good chance of of being ahead, but allcating your funds to MUL now or retaining defies any logic I know. I only want to make money to fund my life and MUL I realised many many months ago was not going to add to my capital, I have made a considerable amount of money in my terms in the market recently and have also bought some shares I thought would be capital positive but have not worked out however I quit them quick i.e CUO, OXR and BMO for example. I can not comprehend being in MUL now and dumped mine befor it was to late. Yes maybe a question you can ask "How long can you keep the wolves away from the door for"

 

[pinguen]

Re: MUL - Where to from here?

Uplifting newsletter. ultimately a smaller slice of a very large pie.

 

[pinguen]

Re: MUL - Where to from here?

"Utimately a smaller piece of a bigger pie will see everybody wealthier as a result of a stronger and a financially unemcumbered organization." As well airworks is generating substantial profits.Exceptional future is predicted.
Sounds good to me.
I think this must be in response to all the recent criticisms. They must be reading your posts.
Regards

 

[lescent]

Re: MUL - Where to from here?

Yes, Pinguen, MULs Board must be reading the forums which have 99.98%
of negative and angry posts...........because their recent newsletter and general meeting notice is still full of half-baked fantasy comments trying to talk-up a bottomless moneypit.

Airworks Media is profitable MUL says - but on what basis....it's mortgaged to the tune of $500,000.

230 HiBIS contracts for Newsat - miniscule and absolutely pathetic given the market potential - and would only generate between $16,000-$20,000 per month in gross revenues and I would guess with the infrastructure costs of a Teleport and Satellite bandwidth taken into account, well into LOSS on a monthly basis.

Don't forget shareholders, MULs Head Office and it's bloated management is nothing but a USELESS cost centre that drowns the company to the tune of approx. more than $2,000,000 per annum without generating 1 cent in revenues. Read the financial reports and you'll see that MULs overheads
are FAR GREATER than revenues.

Remember, MULs stated, restated and reconfirmed to the ASX and market, forecasts advised that it would be profitable as at 30 June 2005. What do you intend to do if this is proven false?????

I suggest that it's impossible for Airworks Media to generate enough revenue to cover the losses expected from Newsat, and MULs Head Office costs, together with expected break-even from MTD.

My forecast is that overall, MUL will announce another LOSS as at 30 June, 2005, which will set in train a domino-effect of ?????????????

We need to get an answer as to WHY MUL is holding a General Meeting 2 weeks BEFORE its reporting period end-date.????????

 

[pinguen]

Re: MUL - Where to from here?

What do you think of jumbuck {jmb}. This company provides quarterly updates, each better than the previous and has forecast a good profit for the june quarter. Its not a heavily traded stock like mul and i have been having a very good look at it.

 

[lescent]

Re: MUL - Where to from here?

It's about time Ballintine has decided to tell the truth as I predicted yesterday....that MUL has MISSED its forecasts and is still unprofitable. :swear:

That's why Ballintine issued a shareholder update TODAY - but it's too little, too late.....and it still doesn't provide any information about WHEN MUL as an entity is going to be PROFITABLE.

Remember, MULs Head Office is a useless cost centre that kills any supposed cash positive position made by any individual division.

Get Smart Shareholders and ask the real questions that need to be asked.

1. Where's the money - $26,000,000 gone/going?
2. What are the details of the $10,000,000 Equity Financing Deal?
3. What's the details of MULs solicitors advice that shows it will successfully defend the $46,000,000+ Supreme Court Trial against it on 3 October 2005 as announced by Ballintine 2 weeks ago?
4. Who are the 2 proposed new Directors?
5. etc. etc. etc.

 

[funnyone]

Re: MUL - Where to from here?

Howdy,
I said :goodnight long time ago to MUL... But you got to feel sorry for these dudes.... and shareholders.... They are trying to build a new age technology company in OZ but like most inventors, and innovated comapies etc they just can't make it at home... because there is so much competition in a small population and if you don't get government support you have no chance what so ever..
So it's down to selling TV sets to shareholders at a discount price...followed by raffles and BBQs... Findlay and co will still play their games with the share price but until MUL attracts government money or Arab Emirates interest... it's going to be a long road of broken forecasts... borrowing ... lies and deception..ciao

 

[lescent]

Re: MUL - Where to from here?

Good One Funnyone - so true.

MUL's Announcement of Today - UNBELIEVABLE - can Anyone make Sense of it?? I'm DEVASTATED.

Unless I don't understand what's been announced today, but it looks like MUL have just bought its way OUT of the $10,000,000 Equity Financing Deal they just got into at ENORMOUS EXPENSE.

MUL diluted the stock by 13 million shares at a cost of $260,000 to activate the equity finance LOC and now appears to have diluted again by ANOTHER 10 million shares at a cost of $150,000 to retire the equity finance LOC !!!

In between these 2 transactions over just the past 2 months, MUL further diluted the shares by 35 million shares to raise a measely $525,000.

So do the sums MUL shareholders.....if this is correct....... MUL has wasted
$410,000 to raise $525,000 for the company's working capital.

That's the equivalent of paying a financial institution an interest rate of
approx. 468% per annum to get the $525,000....that's right shareholders...
an interest rate of four hundred and sixty eight percent per annum. :swear:

Thus, if I'm correct, this fiasco has further diluted MUL's shares by a total of more than 58 million shares for an absolutely pitiful return towards working capital.

If MUL have actually retired the Equity Finance LOC, we MUST KNOW
WHY ?........WHY ?.......WHY ?.......WHY ?

What is it the Board is/was trying to hide ???????????

The Board and Senior management should be creamed by 'NO' proxies at the GM on June 16. Enough is enough.

 

[dmargon]

Re: MUL - Where to from here?

thats one possability lescent, or the other one is that they have issumed more shares to their mates to get a yes vote,
or is that now that they have issued the voting forms the new shareholders cant vote?
there are sure a lot of no voters around.

 

[dmargon]

Re: MUL - Where to from here?

or possibly they were made to do it by the capital company that wanted out of a bad deal? who knows... its trying to figure out the internal workings of a black hole.

 

[Mofra]

Re: MUL - Where to from here?

Given all the questions, anguish, the continuation of shareholder dilution, is there anyone holding MUL for any other reason besides not being willing to cut their losses?

Ignoring past price spikes (arguably the effect of TAs , ramping and what Greenspan would describe as "irrational exhuberence") can anyone honestly say that MUL is not overvalued?


PS I have never held MUL

 

[ob1kenobi]

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 with Tech/A some pages ago. This stuff is gold for those uninitiated in the finer arts of trading. Maybe the 86 pages could be bound into a text and used as a reference point Joe?

I've never had MUL as a stock. Just looked at the charts to see what the fuss is all about. Seriously, "never before has so many written so much about so little!"

Why would you hold onto a company that has almost reached the financial South Pole? Trade to your plan!


_______________________

This is merely my opinion and does not constitute financial advice. When considering your financial objectives, please consult a suitably qualified and licenced professional.

 

[tech/a]

Re: MUL - Where to from here?

OBI

Yet they will tell you they HAVE a plan.

"Human beings are the dumbest of creatures
They do the same thing day in and day out
and expect a DIFFERENT result "

 

[lescent]

Re: MUL - Where to from here?

Well said dmargon, mofra, ob1kenobi, & tech/a

MUL's Announcement of Friday after close - UNBELIEVABLE - can Anyone make Sense of it?? I'm DEVASTATED.

Unless I don't understand what's been announced today, but it looks like MUL have just bought its way OUT of the $10,000,000 Equity Financing Deal they just got into at ENORMOUS EXPENSE.

MUL diluted the stock by 13 million shares at a cost of $260,000 to activate the equity finance LOC and now appears to have diluted again by ANOTHER 10 million shares at a cost of $150,000 to retire the equity finance LOC !!!

In between these 2 transactions over just the past 2 months, MUL further diluted the shares by 35 million shares to raise a measely $525,000.

So do the sums MUL shareholders.....if this is correct....... MUL has wasted
$410,000 to raise just $525,000 for the company's working capital.

That's the equivalent of paying a financial institution an interest rate of
approx. 468% per annum to get the $525,000....that's right shareholders...
an interest rate of four hundred and sixty eight percent per annum.

Thus, if I'm correct, this fiasco has further diluted MUL's shares by a total of more than 58 million shares for an absolutely pitiful return towards working capital.

If MUL have actually retired the Equity Finance LOC, we MUST KNOW
WHY ?........WHY ?.......WHY ?.......WHY ?

What is it the Board is/was trying to hide ???????????

The Board and Senior management should be creamed by 'NO' proxies at the GM on June 16. Enough is enough.