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Mobile Tornado – discounted subscription and debt conversion for “business development”?

Mobile Tornado Group (MBT) has issued a “Subscription, Debt Conversion and Trading Update” announcement including that its moves “will allow us to accelerate our business development activities further, with the recruitment of additional sales professionals in key markets and the execution of a much more intensive outreach campaign… and is now actively engaged with a number of potential new partners and customers”. So what of a share price currently approaching 5% lower at 2p?

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Mobile Tornado – Canada customer contract update, how likely really is extension or amendment?

Self-styled “leading provider of instant communication mobile solutions to the enterprise market” Mobile Tornado Group (MBT) has announced it has received notice from its customer in Canada that the customer will not be renewing its contract but it “remains in discussions with the customer about the possibility of extending or amending the contract”. So what of a current response, to below a 2p share price, £7.5 million market cap, 20% lower?...

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Mobile Tornado (#MBT) – notice of non-renewal from customer in Canada, “remains in discussions”

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Mobile Tornado (#MBT) – 12 months extension to revolving loan facility from InTechnology

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Mobile Tornado Group – onto the covid bandwagon, what are the financials?...

“Mobile Tornado (MBT), the leading provider of instant communication mobile solutions to the enterprise market, is pleased to announce that Hubbcat, the company's partner in the Caribbean, has successfully deployed a COVID quarantine track and trace program, utilising the company's PTT solution, with the Government of The Bahamas”. Onto the covid bandwagon with any financials?...

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Mobile Tornado – results blown off course by deployment delays

September-announced half-year results from “provider of instant communication mobile applications to the enterprise market” Mobile Tornado (MBT) included Chairman Jeremy Fenn emphasising “we have competed against major players in the PTT space in highly complex tenders, and won… I have no doubt that the significantly enhanced credibility we have gained has put us in a strong position as we engage with similar organisations… In Israel, we have a strong pipeline of new deals which we are confident will be developed further as the IDEN shutdown approaches at the end of the current calendar year”. Now “Full Year Trading Update”…

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Mobile Tornado (#MBT) – emphasises “pipeline of pending orders and opportunities” but currently contract deployment delays

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Mobile Tornado (#MBT) – £0.75m placing at 5p per share & conversion of £0.78m of indebtedness

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Mobile Tornado (#MBT) – H2 “in line with the board's expectations” – though still a, even adj. EBITDA, loss

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Mobile Tornado (#MBT) – £1.2m placing at 5p to fund “through to anticipated cashflow breakeven”. Hmmm.