MUL - Multiemedia Limited

another share issue for this excellent newskies investment. doesnt look like such a money spinner, more like another lead zeplin, sell or throw away good assets, keep the badies. ha what a laugh. unless there is a strategy to see how long the game can be kept going before mr windup hits..

anyone know why the massive volumes today?? or y its up 28% so far???
had a look around and could not find any plausible reasons

Hi, as a suffering shareholder of MUL, I have been following the antics like you guys and dont understand. the only thing that is keeping allusioned, if there is such a word, rather than disallusioned is that since the purchase of newskies there has been no further share issues to raise cash to fund the burn. the lastest share issues were to pay off the convertiable note issue for the newskies purchase. its the way that cornell partners finance new companies. If you look at MUL's burn rate over the last couple of years particularily 2005 they needed nearly $9.7 million. based on past experience they would need to raise this much again. So the lack of new share issues to me means they are cash postive, less the money they got for the sale of the businesses.

With the purchase of newskies which had a after tax profit of $5.4million, would indicate that it is cash flow positive. Combine this with some $80m in accumulated losses MUl should be rolling in cash. ie they want need to pay any tax on the profits for some time

Having watched the pump and dump scenarios unfold, every time a large share issue occurs there is a spike and considerable turnover resulting in an exit. With the last share issue which occured at an average price of .0084 cents it doesnt seem to have occured as it has gone above .09 with any volume. Rather there was a single purchase of 25m shares at 0.008 in roughly one line, which caused the spike.

There hasnt been the pumping up with announcements either, a bit to silent.

Having done this analysis I live in hope. And wait for the 2006 results. If they havent shown a psotive cashflow combined with some capital management ie consolidate the shares or at least buy back them there is no hope for me.

In regards to my message number 1074, apparently Unwired and Soul are using mobile phone wireless, not satellite technology, and are therefore restricted to the mobile phone areas.
Multiemedia, using satelite, can accomodate everywhere! The company did announce being cash positive the end of last year, so I agree with you Hopefulone, that figures for this year should look a lot better, although a loss may still be recorded for the financial year, due to the first 3 or 4 months trading. Regards, Kooka

Can anyone get a list of top 20 or 50 shareholders at any time or is it when the company decides to issue such a notice?

when does mul change its name? i thought this was supposed to happen a month ago, has something gone wrong again?..

Re: MUL ---->> BALENTINE IS GONE?

from the asx web site..
Mr John Walker (Chairman, Director)
Mr James Kellett (Director, CEO)
Mr Elwood Charles Ellison III (Director)
Company Secretary Mr James Kellett
Principal Activities Multimedia and internet activities.
NO Ballentine!

This thread is now closed due to the name change to Newsat (NWT), see the NWT thread by clicking here.