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.
Since I wrote earlier this week on the attempt of Motive Television (MTV) to continue a desperate ramparoonie despite update on (lack of) Nomad, the company seems to have been back to the joke book...
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Comments
Duck and Dive
Surely this is the shittiest company on AIM… 100% dilution to pay the milkman is just amazing. MTV is being kept afloat solely to pay off a few of its creditors…and the morons seem happy to keep lapping it up.
I just hope that someone is recording all this for posterity – and maybe a movie script, eg “The Big Shite”.
Scampi
“the company will have 2,835,796,544 ordinary shares in issue”
dont forget they have carried out 2 consolidations this year eqivalent in total to 1 share for every 500!
500 × 2,835,796,544 = 1,417,898,272,000 or 1 TRILLION, 479 billion and 272 million shares pre consolidation or approximately 189 shares for every single human being on the entire planet!
Thank god paper share certificates are largely a thing of the past otherwise the planet would be completely bereft of trees!
Horrific!