MUL - Multiemedia Limited

[tech/a]

Re: MUL - Where to from here?

told i couldnt by mul in an email. wont talk too much more about it because of problems for the webmaster.

Every now and then you see some real rubbish.
$21 million shares at 10c (Lets say thats what you could have sold them for)
$2.1 million.
Now worth.$231,000.

And you have an Email not a letter from Multimedia telling you not to sell.
So you didnt.
So the email is worth $1,869,000.

Simply its ILLEGAL.

 

[zoop]

Re: MUL - Where to from here?

well thats up to the courts eventually to chase up on.
there were some threats in the email as well.

 

[zoop]

Re: MUL - Where to from here?

enough for now.

 

[RichKid]

Re: MUL - Where to from here?

enough for now.

Yes, I agree, if it's in court, let's just see it take its course, no one wants to get into sub judice complications, we know as much as we need to so far about this company, anyone can order a transcript from the relevant court registry if they want one. The post mortem will be a cautionary tale.

 

[Ann]

Re: MUL - Where to from here?

I am astounded anyone is still talking about this company.

 

[brerwallabi]

Re: MUL - Where to from here?

Looks like some life in this dog this morning almost 8m and its 10.47am must be some announcement on the way, may be they have won a contract with the corner shop in Bourke. Strange time for an announcement but whos knows with this.

 

[champ2003]

Don't be fooled into thinking that this stock is going to go well. The announcement today in regards to profit etc is just a smoke screen to make the company look like its going in a positive direction. My guess is that they are selling 2 of their business arms simply because they are making sure that they have alot of cash on hand just in case they lose the court case. Mul hasn't been making profit for ages and for them to now be selling off 2 business arms that are making good profit, well no-one in their right mind would do that especially if they are making hard earned profit.

There is alot more to this company than meets the eye.

Be very careful......

 

[Gandlaf]

What are they doing now with this new announcement?
Anybody understand?

 

[zoop]

which anouncement? the one from the 23rd?
well looks like they want to sell their (quotes) cash cows with incredible business and growth opportunities (quotes) to focus on their satelite business. which must be a real winner.. pitty they dont seeem to tell anyone how incredibly profitable this new satelite business is. im sure they are keeping a secret so that they will be able to pay a 10c divident to the 3billion shares on issue next week...
d

 

[Ann]

..and a chart which is not a grand look. Pity it can't be short sold!

 

[zoop]

wow share price is even more crappy! less than one cent! time for management to explain why the share price is so bad and recommend a solution!

 

[YOUNG_TRADER]

Any Charters out there would agree that MUL has been doing the 'dead cat bounce'

(For those who don't know the dead cat bounce is simply this: If you drop a dead cat it will bounce up slightly but it is still dead, well MUL drops and bounces up slightly, then drops and bounces up slightly and so on but it is still dead!) :goodnight

 

[Knobby22]

What bounce?

 

[YOUNG_TRADER]

If you seriously can't look at MUL's chart from Nov 2003 when it was at a peak and see the subsequent drop - bounce up phases then somethings wrong

Maybe its me

 

[tarnor]

I always thought dead cat bounces were more sudden volatile movements like when a shocker of an announcement comes out, followed by a plummeting share price, followed by a short lived spike from bargain hunters.. mul is a little different its just a woeful sad story where punters are slowly giving up and selling into any whiff of a rise.,. just a long down trend. Tis one of those stocks where your half expecting it to go into administration at any moment.,.

 

[zoop]

and yet they continue to issue more and more script. its amazing.. i wonder if there is anything criminal in these activites.

 

[zoop]

does this new share issue mean they cant pay their bills?

 

[YOUNG_TRADER]

Zoop, no this new share issue doesn't mean that they can't pay their bills, it is some sort of tranche issue for the Acquisition of New Skies that was funded through an SPP which had alot of shortfalls


That being said, I don't think they could ever pay their bills, this is a real dog stock, I wouldn't go near it unless you are an experienced trader and know how to trade dead cat bounces, which is all this stock does

 

[YOUNG_TRADER]

The dead cat, shows some life, start of another bounce perhaps, it never ceases to amaze me the amount of volume that gets behind this dog

 

[zoop]

looks like i was right, if they had enough money they wouldnt have sold more shares. they said that they could pay for the future basestation coss through renvenue, now they are selling shares to cover it, at even more horrible share prices..
sigh.
the world is am amazing place, full of all sorts of tricksters..