UK 09:55 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Already suspended from trading on the Casino following the resignation of Sanlam as Nomad, Motive TV (MTV) has announced this morning that it has been unable to meet a requirement to pay out £150,000 plus legal costs of another £28,200 in cash to buy in convertible loan notes by 19 Feb 2016. There appears to be an unseemly race about to start between two rival executioners for the privilege of pulling the lever: AIM Regulation has a scheduled date of 16 March in the event that Motive fails to sign up a new Nomad. But are we about to see one of the loan note holders call the Administrators to nip in and take the glory?
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Comments
Drunken Sailor
My guess at the date when the administrators are called in remains 29 Feb – could easily see it this week but I still think it will be next week.