UK 09:56 Tuesday, 6 October 2026
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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.
As Nigel Somerville has just pointed out HERE, Motive Television (MTV) has announced that it has been unable to complete a revised agreement with its largest convertible loan notes holder - seemingly for (lack of) finance reasons. This spotlights the sheer disdain of Motive CEO Leonard Fertig…
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Comments
Drunken Sailor
Steve,
Ultimately Fertig is right. MTV was always a complete POS and was always going to go bust no matter how much or how little the board lined their own pockets as a reward for failure. Indeed had they robbed the company by more they would have gone bust much earlier denying Bergen the opportunity to convert and dump so many shares on hapless PIs.
Will Fertig and the rest of the useless board now be struck off as directors? Not on your life, they will be free to start up another POS and do it all again.