Mobile Streams (MOS) has announced a proposed placing and an offer via the BookBuild platform to each raise gross proceeds of up to £300,000, stating that “the capital raise is in line with the company's stated intentions as announced on 12 December 2023… to fund the expansion of its operations in Mexico and for PLC working capital”.
Mobile Streams (MOS) states that it “is pleased to announce its audited results for the year to 30 June 2023”, but the announcement being in the ‘no-one watching’ period between Christmas and the new year tends to suggest otherwise and, of course, we are watching. So what of the results and a current 0.06p share price?
Mobile Streams (MOS) CEO Mark Epstein would “like to thank shareholders for their fantastic support in both the placing and broker option… have restricted the broker option to approximately half the demand to strike a balance between satisfying shareholder demand and restricting dilution to existing shareholders”. What’s the full story?...
At the start of this month Mobile Streams (MOS) was “delighted to announce its monthly revenue now exceeds $150,000 per month across all channels. This is an increase of 87.5% in monthly revenue since the company's update on 1 December 2021”. However, revenue is, of course, vanity and today “Placing and Proposed partnership”...
From Mobile Streams (MOS) today a “partnership with, and funding to, Quanta”-titled announcement. But an earlier this month “Major Contract win for Streams data platform” announcement emphasised a “deal… worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least a year”... with Quanta, and Mobile Streams swiftly followed it with a £2.2 million equity raise. Now funding to Quanta?!...
Previously writing on “mobile content and data intelligence company” Mobile Streams (MOS), last week I noted interims ‘see growth for 2021’, it had certainly better hope so! following I previously having questioned announcements to really be “delighted” & “pleased” with?. There subsequently followed a “Major Contract win for Streams data platform” announcement... and then today “Placing, Broker Option and TVR”. You were warned...
Previously writing on “mobile content and data intelligence company” Mobile Streams (MOS), in December I questioned announcements to really be “delighted” & “pleased” with?. Today it is “pleased to announce” half-year results... but the shares are currently back down to 0.24p, so what’s the reality?...
Two “pleased” to announce and one “delighted to announce” update(s) from Mobile Streams (MOS) today... and the shares currently at 0.24p, 11% lower! So, what’s going on?...
Previously writing on Mobile Streams (MOS), in December I concluded I do consider there future going concern concerns and this latest hardly gives reason for enhanced confidence. The shares are unsurprisingly lower on the back of it but, at this juncture, certainly still bargepole / sell. Fundraising has since followed and now “Streams Data contract awards and update”...
AIM listed and with a 30th June year-end (so the results required by 31st December), a 23rd December - and intra-day (1:03pm) - “Audit Update” from Mobile Streams (MOS). I’m guessing this ain’t going to be good news!…
Previously writing on Mobile Streams (MOS), last week I noted the track-record doesn’t inspire confidence and concluded still bargepole / sell despite also noting CEO Simon Buckingham stating “the company can now move forward with the exciting developments it has identified”. Now “Board Change”…
Previously writing on Mobile Streams (MOS), last month I noted the shares are down on this latest to currently 0.20p – and that also down from 0.40p in March though still up from 0.10p early last month… a loss-making company with declining revenue and already limited cash whose directors consider a public markets transaction “unlikely” and believe its “best interests” are to de-list from AIM, with a recent General Meeting showing circa 56% support for the latter (albeit below the 75% required). How’s that Nomad due diligence going to go?! Now though the shares are back to AIM trading!...
Previously writing on Mobile Streams (MOS) I noted proposed AIM cancellation, hopefully our warnings were heeded. The company has since failed to gain the requisite General Meeting support for the cancellation though has also announced its nominated adviser and broker, Nplus1 Singer, has served notice – and today a “Nomad Resignation Update”…
