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.
Warning again on shares in Motive Television (MTV) earlier this week, I reiterated that the most recent results statement had highlighted a desperate financial position – see HERE. The shares are currently a further 25% down today as an announcement from the company has again brought this to the fore…
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Comments
DecoyDuck
I just amazes me that people like Fertig can get away with this again and again. Always do your due diligence on the directors to get a proper view of their character and history before putting a dollar, dime, nickel, or cent into a company. I’m very late to the MTV party but I do know that Len’s been involved in at least two listed companies that have crashed into insolvency: Media Content (AIM: MDC) and Futuremedia (NASDAQ: FMDAY). It is completely mad that anyone at all gives any sort of credibility to the likes of Fertig. The people I feel sorry for are the employees and suppliers while Lenny and his chums sail on regardless.