MUL - Multiemedia Limited

[Joe Blow]

Re: MUL - Where to from here?

Lescent, please do not cut and paste the same information from previous posts.

If you have something new to add, please do so, but in future posts that simply repeat previous posts will be deleted.

Thank you.

 

[lescent]

Re: MUL - Where to from here?

Will do Joe Blow

For dmargon's General Meeting Question List:-

A question we need to have answered by Ballintine is whether MUL retired the Equity Finance LOC or did the financier require it to be terminated.

Also, if one of MULs go forward strategies as stated by Ballintine in 2 previous ASX announcements is a "growth by acquisition" strategy, then where's the money coming from when MUL constantly needs to raise funding just for working capital.

Ballintine states that an acquisition is earmarked for closure by 30 June 2005, so we need to wait for the outcome of that - and funny how it's AFTER the GM on 16/6/05.

Maybe MTD will be sold for a few pennies that'll deliver some desperately needed cash - but the majority of this would need to be earmarked for working capital once again. And it's highly unlikely that supposed cash positive divisions will deliver sufficient money to facilitate an acquisition.

So that just leaves the inevitable further share dilution if some bunny agrees to sell a cash-flow positive business to MUL in return for MUL shares on the insane expectation that the combined operations will spark a share price surge - delivering a fantasy capital gain windfall.

Boy oh boy - Ballintine's going to spend the entire GM fielding questions he's NOT going to want to answer - and will probably refuse to do so on the cop-out basis that the information is 'commercially sensitive'.

I'm sure that I'll have lot's more questions to supply to dmargon's list before
June 16 because it's obvious MUL gearing-up for a doosey of an announcement.

 

[markrmau]

Re: MUL - Where to from here?

So that just leaves the inevitable further share dilution

You already know this though - didn't you read the bit about 'capital refreshment' in the mid last week announcement? How Orwellian.

 

[Knobby22]

Re: MUL - Where to from here?

I think by the meeting date that he may be announcing that the company is to go into administration.

 

[lescent]

Re: MUL - Where to from here?

Thanks for the reminder markmau,
I just had to try and rationalise in my own mind the
various possible tactics MUL will now adopt and hope the share price
won't 'tank' any further once it takes its next inevitable diabolical
move.

 

[funnyone]

Re: MUL - Where to from here?

: Well I had to be a sucker and get back into MUL again... Forget charts and market forces.... I think it's worth a punt...100000 shares for 1500 bucks is a nice flutter... you see if Airworks got Woolies OZ stores...and trialing in petrol stations.... and maybe soon in ALH pubs...and now Woolies picked up another 150 Foodland stores...Airworks might be the Golden goose.. Mul will need to raise money thru prospectus to fund installation... so if they do they should have few contracts in the pocket or nobody will touch them with a 10 foot pole..
I'm not betting on Broadband that's old technology already...media and advertising is the bet..ciao

 

[dmargon]

Re: MUL - Where to from here?

they had 10milliondollars worth of funding a couple of months ago, then they just dropped it. bit strange given they need cash for acquistions.

 

[Mofra]

Re: MUL - Where to from here?

: Well I had to be a sucker and get back into MUL again... Forget charts and market forces.... I think it's worth a punt...100000 shares for 1500 bucks is a nice flutter

A nice "punt"? You must have an amazing trading plan that allocates capital for "punts"!

 

[Knobby22]

Re: MUL - Where to from here?

Mul of Kintyre, oh mist rolling in from the sea
My desire is always to be here
Oh Mul of Kintyre

Smiles in the sunshine and tears in the rain
Still take me back where my mem'ries remain
Flickering embers grow higher and high'r
As they carry me back to the Mul of Kintyre

Mul of ASX, oh mist rolling in from the mind
My desire is always to hold
Oh Mul of ASX

 

[tech/a]

Re: MUL - Where to from here?

Could think of better things to "Flutter" on

There are plenty of Punters out there---popular punts appear to be the likes of RTM.

 

[Knobby22]

Re: MUL - Where to from here?

TSR may be worth punting on. There original business model failed and they are in suspension before they announce a new business takeover.

High risk, and I don't know any details yet but I really think the risk cannot be higher than Mul.

 

[tech/a]

Re: MUL - Where to from here?

TYC

Punters at it.

 

[RichKid]

Re: MUL - Where to from here?

Okay folks back to MUL instead of going off topic- plenty of speccies in the forums, look up the breakouts thread or the juniour resources stocks in ASX stock chat. Back to MUL....

 

[RichKid]

Re: MUL - Where to from here?

Mul of Kintyre, oh mist rolling in from the sea
My desire is always to be here
Oh Mul of Kintyre

Smiles in the sunshine and tears in the rain
Still take me back where my mem'ries remain
Flickering embers grow higher and high'r
As they carry me back to the Mul of Kintyre

Mul of ASX, oh mist rolling in from the mind
My desire is always to hold
Oh Mul of ASX

Boy! Talk about a loyal following!! Can't be many stocks that turn holders into poets!

 

[dmargon]

Re: MUL - Where to from here?

either rats leaving a sinking ship or they couldnt pay sven
which do you think?

 

[lescent]

Re: MUL - Where to from here?

Thanks to Rich Kid & Knobby22 for that spark of humanity
in the MUL tragedy.

You know....corporate govenance at MUL is becoming a greater joke.

MUL is the classic 'Clayton's' Public company ie. the Public co. you have when it's not really a Public co. but is merely made to appear as one.

How interesting that yesterday MUL advises after close that Ballintine is now also Company Secretary.

Thus, we have a few posts from members advising that Ballintine's on sick leave and can't be contacted, yet he's:
Executive Director
Managing Director
Company Secretary
of a Public co. with only 3 Directors, one of whom lives in USA.

Wow, MUL Board meetings could decide to do anything they wish with no checks and balances by an independent Company Secretary keeping things in check. :swear:

Think about it shareholders and consider your investment.

 

[el_ninj0]

Re: MUL - Where to from here?

Who's going to SAVE MUL ??????????

I think I could save MUL, its an area with great potential to unlock. MUL have obviously gone about it the wrong way. But they definetley need someone with a vision.

I have no experiance in running a company, but I know what people want, and thats not what MUL has been giving them.

:samurai:

Lets hope for the stock holders sake that someone comes along soon with a good buyout proposition for MUL.

Anyone with half a brain could run this company better than its current directors.

 

[Mofra]

Re: MUL - Where to from here?

lescent,

You paint a gloomy picture of MUL - yet you continue to hold?????

 

[lescent]

Re: MUL - Where to from here?

Yeah Mofra, I'm stuck up s""t-creek like sooooo many others who
bought at 6 cents.

I'm expecting the new Board and management post 16 June to slowly get the company crawling again in the right direction.

 

[tiggy7]

Re: MUL - Where to from here?

Has Svend Nisted actually left the company or is he taken over another position ? there was nothing mentioned that he had quit in the ann.