Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Motive Television – announcement ramp fodder, when's the next fundraising?

By Steve Moore

14 September 2015 05:00

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Having fallen on interim results last month and further, to 0.205p, last week, shares in Motive Television (MTV) are currently up approaching 30% today, to 0.26p, on the back of an announcement that “Motive intends to develop TabletTV for Apple TV”. I.e. ramp fodder, when's the next fundraising? ...

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Comments

wildrides

14 September 2015, 05:35

Surely Apple cant want their name attached to this absolute complete shite ? I tried to push it away from me but the barge is fully loaded with Farm Yard Manure . Its so heavy my barge pole snapped …………… What to do ……….cripes ……….. only one thing for it ……. run like hell up the tow path and hope I dont run into Dell Boy Lemongas and his barge .
DUCK AND DIVE

14 September 2015, 11:05

Agree about the RNS (Reach). Any AIM firm could have announced an intention to do the same thing. Delivery, acceptance and off-take are the keys here and MTV is apparently some way off those milestones since the AppleTV developer spec hasn’t been published yet.

But to be fair, it shouldn’t cost MTV much. They are an accredited Apple app developer and already have an app in the Apple store. The adaptation of their existing technology to the AppleTV channel should be fairly trivial.

But they certainly do need cash for other things, including keeping the lights on, marketing, litigation, loan notes, buying out their former Spanish partner and, er, paying the Board’s wages and “consultancy” fees. So today’s RNS is almost certainly a ramp for the placing.

Not that any shareholder should be surprised. The shares were consolidated recently for the stated and obvious purpose of issuing more equity, the SP having dropped below par value.

Presumably anyone buying at today’s SP is hoping for more good news before the inevitable dilution. I wish them well but there’s an even worse scenario looming in the event that there are no takers for the placing.