MUL - Multiemedia Limited
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Re: MUL - Where to from here?
What’s all this whinging and hysteria about?
• Since when is laying off staff a bad thing…. You don’t have to be Einstein to know MUL has been struggling for the last year ….and so are over half of the companies on ASX. Taking Bums off seats in a sector that’s not profitable is good. At least there ist Airworks Media… they’ve got together a nice bunch of smart people working there…look up their profiles… Albeit with their noses stuck up Woolies backside.. but why not… with Woolies we can all eat…. Chasing the backside of a camel in the Arabian desert or a cocky in the aussie outback would only lead to exhaustion.
• Now anyone buying into technology stock is taking a punt and a punt only.. that’s why I call my buys a flutter… I’ve played with Davnet… Voicenet… E-Corp etc… darlings of the .com bubble …made money and lost money…but lost money mainly because of dodgy directors who broke the law… like the One tel mob… didn’t lose money because I couldn’t read the market or play the trend….buy low sell high.. In 2003 I bought into MUL at 2c and sold at 11c ..a 5.5 fold…it was a great windfall … bought in at 5c last year and dumped at 4c …so still in front… this month I bought in at 1.5c I could only lose if the company went down the toilet. MUL is facing now what the majority of tech companies faced 4 years ago… where are they now… most off them disappeared.. were privatised or changed business… if MUL survives the next 6 months, which I think it would courtesy of Airworks only, I’m sitting cool on my 1.5c a share punt.
What’s all this whinging and hysteria about?
• Since when is laying off staff a bad thing…. You don’t have to be Einstein to know MUL has been struggling for the last year ….and so are over half of the companies on ASX. Taking Bums off seats in a sector that’s not profitable is good. At least there ist Airworks Media… they’ve got together a nice bunch of smart people working there…look up their profiles… Albeit with their noses stuck up Woolies backside.. but why not… with Woolies we can all eat…. Chasing the backside of a camel in the Arabian desert or a cocky in the aussie outback would only lead to exhaustion.
• Now anyone buying into technology stock is taking a punt and a punt only.. that’s why I call my buys a flutter… I’ve played with Davnet… Voicenet… E-Corp etc… darlings of the .com bubble …made money and lost money…but lost money mainly because of dodgy directors who broke the law… like the One tel mob… didn’t lose money because I couldn’t read the market or play the trend….buy low sell high.. In 2003 I bought into MUL at 2c and sold at 11c ..a 5.5 fold…it was a great windfall … bought in at 5c last year and dumped at 4c …so still in front… this month I bought in at 1.5c I could only lose if the company went down the toilet. MUL is facing now what the majority of tech companies faced 4 years ago… where are they now… most off them disappeared.. were privatised or changed business… if MUL survives the next 6 months, which I think it would courtesy of Airworks only, I’m sitting cool on my 1.5c a share punt.
Re: MUL - Where to from here?
The operative statement you made Funnyone was "if MUL survive the next 6 months".
A Supreme Court judge decided months ago that MUL has a case to answer at TRIAL on 3 October, 2005 following pleadings etc. over a 6 months + time period of hearings to date.
Cases only rarely go to trial in the Supreme Court nowadays because they are either knocked-out during the pleadings stage, or they're mediated out-of court between the parties.
MUL have to defend a $46,000,000+ claim in a full trial and that's WITHIN the six month time period you've allocated for MULs survival. If MUL lose the case and have liability and damages awarded against it.......the ONLY method of payment to the winning party is in CASH !!!!!!!!!
10 times Airworks Media + Satellite + Technology Distribution won't be enough to save MUL if they lose.
Even at a buy price of 1.5 cents I wish you the best of luck if you decide to hold.
The operative statement you made Funnyone was "if MUL survive the next 6 months".
A Supreme Court judge decided months ago that MUL has a case to answer at TRIAL on 3 October, 2005 following pleadings etc. over a 6 months + time period of hearings to date.
Cases only rarely go to trial in the Supreme Court nowadays because they are either knocked-out during the pleadings stage, or they're mediated out-of court between the parties.
MUL have to defend a $46,000,000+ claim in a full trial and that's WITHIN the six month time period you've allocated for MULs survival. If MUL lose the case and have liability and damages awarded against it.......the ONLY method of payment to the winning party is in CASH !!!!!!!!!
10 times Airworks Media + Satellite + Technology Distribution won't be enough to save MUL if they lose.
Even at a buy price of 1.5 cents I wish you the best of luck if you decide to hold.
Knobby22
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Re: MUL - Where to from here?
Where are they going to cash from, their cashflow is woeful.
AThey despearately need an investor to give a cash injection. If they can't find on they will go into liquidation. The unfortunate thing about the court case is that it will probalby keep away even a vulture fund.
I personally think they will have to start selling the businesses that have become profitable to survive. The company will have to eat itself to survive.
Where are they going to cash from, their cashflow is woeful.
AThey despearately need an investor to give a cash injection. If they can't find on they will go into liquidation. The unfortunate thing about the court case is that it will probalby keep away even a vulture fund.
I personally think they will have to start selling the businesses that have become profitable to survive. The company will have to eat itself to survive.
Re: MUL - Where to from here?
You have to wonder why is Adrian talking down MUL stock.. For the CEO and Secretary of a company to say he was unaware of the share price move until ASX told him is really ridiculous .. All he could remind us of is the losses… but still some body is happy to buy up as much on offer at 1.7c and more… some thing is cooking ladies and gentlemen …mark my word.
You have to wonder why is Adrian talking down MUL stock.. For the CEO and Secretary of a company to say he was unaware of the share price move until ASX told him is really ridiculous .. All he could remind us of is the losses… but still some body is happy to buy up as much on offer at 1.7c and more… some thing is cooking ladies and gentlemen …mark my word.
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Re: MUL - Where to from here?
Hello
I got caught with PAS a few years ago. I thouht I would get some tax relief from it. But because they had a deed of arrangement rather than going bust I wasnt able to claim any of it.
Steve
Hello
I got caught with PAS a few years ago. I thouht I would get some tax relief from it. But because they had a deed of arrangement rather than going bust I wasnt able to claim any of it.
Steve
RichKid
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Re: MUL - Where to from here?
Wake-up All Dozey MUL Shareholders !! :goodnight
Ballintine, the Executive Director, Managing Director, Company Secretary, Legend-in-his-own Lunchtime one-person controller of MUL is doing it to you again and no-one seems to care.
Ballintine regularly commented on what a dream the General Meetings were for the Directors - the shareholders didn't attend the meetings, the Directors always had their YES proxies lined-up, no-one raised any general business, caused any fuss and it was always a cake-walk where they'd easily get whatever they wanted approved and just went about earning their salaries, fees, and perks.
The way everyone is acting, Ballintine is banking on shareholder apathy to 'get-away-with-it' once again on June 16.
Last week the ASX required a 'Please Explain' from Ballintine after the share price pumped by 0.3 of a cent to 1.8cents, he replied that the company would make more losses and nothing was happening.
Then by Friday last week it fell-back to 1.5cents.
By Monday (today) it mysteriously pumps again to 1.8cents, a gain of 20%, and after market close Ballintine makes an announcement of ANOTHER 10 million shares thrown away (value $150K)to retire the Equity Finance LOC. Unbelievable.
If we're to believe the recent announcements concerning MULs now Infamous Line of Credit, Ballintine has wasted $560,000 worth of the company's shares to activate and then retire the LOC within just 2.5 months in order to raise a crappy, and insignificant $525,000 in working capital out of a possible $10m !!!
Can you believe this - it equates to MUL paying the equivalent of approx. 512% interest to raise a small amount of working capital. At a time when mortgage rates are only 7%pa., Ballintine doesn't even blink when he commits the company to an interest expense of OVER 500%. Who's really pocketing this money??
And anyway, did MUL voluntarily retire the LOC, or were they forced to ??? Makes you want to get an answer to this question at the General Meeting on June 16?
ASIC & the ASX must investigate all these glaring irregularities going on or it's the shareholders who are going to suffer once again.
Be Warned.
Wake-up All Dozey MUL Shareholders !! :goodnight
Ballintine, the Executive Director, Managing Director, Company Secretary, Legend-in-his-own Lunchtime one-person controller of MUL is doing it to you again and no-one seems to care.
Ballintine regularly commented on what a dream the General Meetings were for the Directors - the shareholders didn't attend the meetings, the Directors always had their YES proxies lined-up, no-one raised any general business, caused any fuss and it was always a cake-walk where they'd easily get whatever they wanted approved and just went about earning their salaries, fees, and perks.
The way everyone is acting, Ballintine is banking on shareholder apathy to 'get-away-with-it' once again on June 16.
Last week the ASX required a 'Please Explain' from Ballintine after the share price pumped by 0.3 of a cent to 1.8cents, he replied that the company would make more losses and nothing was happening.
Then by Friday last week it fell-back to 1.5cents.
By Monday (today) it mysteriously pumps again to 1.8cents, a gain of 20%, and after market close Ballintine makes an announcement of ANOTHER 10 million shares thrown away (value $150K)to retire the Equity Finance LOC. Unbelievable.
If we're to believe the recent announcements concerning MULs now Infamous Line of Credit, Ballintine has wasted $560,000 worth of the company's shares to activate and then retire the LOC within just 2.5 months in order to raise a crappy, and insignificant $525,000 in working capital out of a possible $10m !!!
Can you believe this - it equates to MUL paying the equivalent of approx. 512% interest to raise a small amount of working capital. At a time when mortgage rates are only 7%pa., Ballintine doesn't even blink when he commits the company to an interest expense of OVER 500%. Who's really pocketing this money??
And anyway, did MUL voluntarily retire the LOC, or were they forced to ??? Makes you want to get an answer to this question at the General Meeting on June 16?
ASIC & the ASX must investigate all these glaring irregularities going on or it's the shareholders who are going to suffer once again.
Be Warned.
Re: MUL - Where to from here?
Well I took my 20% profit ( Buy 1.5c Sell 1.8c ).. not bad for a bet on a crook horse...
It seems to me they are ramping up SP to get an average price for raising money thru a prospectus... around 1.6c...
It's amazing how things change...2 years ago MUL was on top of the mountain.... good announcements and partnerships... Today they are at the bottom of the valley because of slip ups, stuff ups and just sheer bad business practices.
Airworks is their last chance if they stuff it up Woolies will kick their asses hard...and that's the end of Adrian's rollercoaster ride!!!
Well I took my 20% profit ( Buy 1.5c Sell 1.8c ).. not bad for a bet on a crook horse...It seems to me they are ramping up SP to get an average price for raising money thru a prospectus... around 1.6c...
It's amazing how things change...2 years ago MUL was on top of the mountain.... good announcements and partnerships... Today they are at the bottom of the valley because of slip ups, stuff ups and just sheer bad business practices.
Airworks is their last chance if they stuff it up Woolies will kick their asses hard...and that's the end of Adrian's rollercoaster ride!!!
Knobby22
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Re: MUL - Where to from here?
Well done! Was it skill or luck?
Well done! Was it skill or luck?
Re: MUL - Where to from here?
it's luck ....but as I said before, all my buys into tech stock are flutters...I like to take a punt especially when I thing the SP is low...
If MUL can't raise Money ... SP should drop dramatically, and I'll be happy to buy in at 1c or below.... if they raise enough cash to fund their business plan... anything below 3c would be a good bet... ciao
it's luck ....but as I said before, all my buys into tech stock are flutters...I like to take a punt especially when I thing the SP is low...If MUL can't raise Money ... SP should drop dramatically, and I'll be happy to buy in at 1c or below.... if they raise enough cash to fund their business plan... anything below 3c would be a good bet... ciao
brerwallabi
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Re: MUL - Where to from here?
Anything below 3cps would be a good buy, is that right Adrian geez u really are a funnyone.
Apologies Joe could not resist.
Anything below 3cps would be a good buy, is that right Adrian geez u really are a funnyone.
Apologies Joe could not resist.
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Re: MUL - Where to from here?
Anything below 3c (ie anything under an 87.5% rise) is a good buy???
Funny, just a few months ago I didn't understand the "anything under 5c is a good buy" comments either...
Anything below 3c (ie anything under an 87.5% rise) is a good buy???
Funny, just a few months ago I didn't understand the "anything under 5c is a good buy" comments either...
Re: MUL - Where to from here?
Lets us know what your success rate is like
Any share under 1c that I don't know a LOT of information about (and it would have to be positive info) I won't even look at it, there is a reason it would be at 1c .
funnyone said:
Lets us know what your success rate is like
Any share under 1c that I don't know a LOT of information about (and it would have to be positive info) I won't even look at it, there is a reason it would be at 1c
.
Knobby22
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Re: MUL - Where to from here?
I note the resolution was passed at the general meeting and there was no chairmans speech.
Did anyone here go?
I note the resolution was passed at the general meeting and there was no chairmans speech.
Did anyone here go?
Re: MUL - Where to from here?
Knobby, I was waiting for the for the chairmans speech, why was nothing sent? All I could see from someone who says he was there was this on H/C.
Went to the meeting, came out and purchased another 1 or 2. This was the best meeting yet, everyone got all the hard questions out in the open and Adrian answered them all honestly in my opinion.
In no particular order..
30M in deals soon.
Cash positive next month.
Middle east on fire, new broom sweeps clean.
Airworks should be named money works.
MTD may be sold later but in the black now so no hurry.
Loan line cof credit cost 3% - One time fee for 10M and that's competitive.
More shares to expand possible 2B max
10 to 1 consolidation issue when price has settled 10-20c and Q on Q are as per forecast, at least 12 months away.
People sniffing to buy Airworks, they won't sell.
I left my notes in the car, more later.
MM
Can anyone verify if this is all true?
Knobby, I was waiting for the for the chairmans speech, why was nothing sent? All I could see from someone who says he was there was this on H/C.
Went to the meeting, came out and purchased another 1 or 2. This was the best meeting yet, everyone got all the hard questions out in the open and Adrian answered them all honestly in my opinion.
In no particular order..
30M in deals soon.
Cash positive next month.
Middle east on fire, new broom sweeps clean.
Airworks should be named money works.
MTD may be sold later but in the black now so no hurry.
Loan line cof credit cost 3% - One time fee for 10M and that's competitive.
More shares to expand possible 2B max
10 to 1 consolidation issue when price has settled 10-20c and Q on Q are as per forecast, at least 12 months away.
People sniffing to buy Airworks, they won't sell.
I left my notes in the car, more later.
MM
Can anyone verify if this is all true?
Knobby22
Mmmmmm 2nd breakfast
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Re: MUL - Where to from here?
What a bull the Hotcopper shareholder is.
Can bulls differentiate the bull?
What a bull the Hotcopper shareholder is.
Can bulls differentiate the bull?
tech/a
No Ordinary Duck
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Re: MUL - Where to from here?
Can anyone verify if this is all true?
If shareholders understood price action of their holding having to ask these types of questions would be un necessary.
This thread continues to build as one of the all time greats in HOW NOT TO TRADE.
Every conceivable bad trading practice is in this thread.
Can anyone verify if this is all true?
If shareholders understood price action of their holding having to ask these types of questions would be un necessary.
This thread continues to build as one of the all time greats in HOW NOT TO TRADE.
Every conceivable bad trading practice is in this thread.
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Re: MUL - Where to from here?
Tech/A I fully agree. I'm curious if there is anything planned for when this thread gets to 1000 posts. I think it really highlights the need to do your own research and realize that investments don't have emotion. They don't get upset when you buy or sell them! From memory Douglas Adams in "The Hitch Hiker's Guide To The Galaxy" tells us that "everyone was unhappy, even those with digital watches. It all seemed to have something to do with the movement of little green pieces of paper, which was unusual because the little green pieces of paper weren't unhappy!"
tech/a said:
Tech/A I fully agree. I'm curious if there is anything planned for when this thread gets to 1000 posts. I think it really highlights the need to do your own research and realize that investments don't have emotion. They don't get upset when you buy or sell them! From memory Douglas Adams in "The Hitch Hiker's Guide To The Galaxy" tells us that "everyone was unhappy, even those with digital watches. It all seemed to have something to do with the movement of little green pieces of paper, which was unusual because the little green pieces of paper weren't unhappy!"
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