A 12:08pm 20th January 2016 announcement from Motive Television (MTV) opens with that “On 5 January 2016, Motive Television Plc announced that it had reached agreement with the largest CLN holder to acquire its £1,393,795 of CLN's for £100,000 in cash plus a 5-year warrant to acquire 5% of the company. Completion of that acquisition was scheduled to be completed today”. The 5th January announcement stated that “completion of the acquisition is scheduled no later than 15 January 2016”. Got your dates wrong chaps? And more farce follows…
It is pointless to debate the merits of Motive TV (MTV) in terms of a fundamental investment case. This website has covered it in full detail (HERE) and I think we are all aggreed that it is a worthless piece of crap that is worth 0p and should be delisted at once. But while it stays on the AIM casino its shares are actively traded by a certain class of moron and the screenshot below shows why most are certain to lose money.
After failing to update yesterday despite having externally-owned and outstanding convertible loan notes with a face value of £2,978,396 which matured at the end of 2015, Motive Television (MTV) has made an announcement today which I consider includes management either fooling themselves or trying to fool the rest of us…
In a September announcement I noted as ramp fodder, Motive Television (MTV) announced an intention to develop TabletTV for Apple TV. I concluded as such with the announcement being just of an “intention” to do something, not of an achievement, and the mention of “Apple” a ramptastic seven times in the 195 word announcement being preferred to the provision of any financial indications whatsoever (see HERE), and so today…
Scrambling to keep their lifestyle funding rolling, the directors of Motive Television (MTV) have announced the signing of a Memorandum of Understanding “to provide educational content to tablet users in South Africa, with possible further expansion throughout Africa to follow”. Convenient timing hey, just as the company seeks to conclude discussions with holders of £2.98 million of convertible loan notes which mature on 31st December…
Warning again on shares in Motive Television (MTV) earlier this week, I reiterated that the most recent results statement had highlighted a desperate financial position – see HERE. The shares are currently a further 25% down today as an announcement from the company has again brought this to the fore…
On 20th November Motive Television (MTV) announced a further confetti issue to Bergen Global Opportunity Fund, LP, though including that “Bergen has agreed to certain, substantial, limitations on its ability to dispose of the shares”. My review included that this looked a case of attempting to close the barn door after the horse has already bolted – see HERE. However, anyone reassured by the ‘substantial share disposal limitations’ would have had something of a shock today…
Motive Television (MTV) has announced a further confetti issue to Bergen Global Opportunity Fund, LP – adding that “Bergen has agreed to certain, substantial, limitations on its ability to dispose of the shares… Additionally, Bergen does not, and has agreed not to, and to cause its affiliates not to, short-sell the company's ordinary shares”. Hmmm…
Having taken an ‘if at first they aren’t receptive, announce the news again’ approach last week, Motive Television (MTV) is today again back of the announcement trail as it seemingly again seeks to generate interest in its shares. I wonder why?…
On 9th November Motive Television (MTV), in an announcement entitled “TabletTV Plus to begin selling in United States” was pleased to announced that its joint venture “will begin taking pre-orders for TabletTV Plus at one minute past midnight EST on Thursday 12 November”. Today, an announcement entitled, er, “TabletTV Plus begins selling in United States”, is a news release from the joint venture leading with… “it will begin taking pre-orders at 00:01 AM ET, Thursday, November 12th for TabletTV Plus”!...
Shareholders in Motive TV (MTV) can only be described as stockmarket masochists. In they wander to the dungeon of the AIM casino to find a leather clad figure (Leonard Furtig) preparing to chain them to the wall for another beating. Whack, another placing, smack, yet another placing, are you diluted enough yet Mr Shareholder? And still these folks come back for more. But now I want you to turn your mind back to a placing on 26 November 2014 and ask the question did Motive TV raise money on a false prospectus and lie to investors?









