Motive TV (#MTV) - confirms our scoop of last night - raises £800k at 0.0013p
- 2014-11-26 00:29:06
I have slated Motive TV (MTV) time and time again as an example of what is wrong with the AIM casino ( see today’s bearcast): time and time again this POS issues shares like confetti so its investors are diluted to oblivion and a few crony capitalists make a killing. Let’s force its hand. The paperwork is almost done on the latest deeply discounted placing and it has raised £800,000 at just 0.013p. Time for a rushed statement in the morning chaps.
Only a lunatic, or the next best thing, a chartist, would even attempt to make a near-term call on the price action of Motive Television (MTV).
Motive Television (MTV) wins awards for issuing shares more often and in greater amounts than any other company on the AIM Cesspit. It is a lesson in value destruction, utterly unjustifiable boardroom pay and share promotion via spurious press releases to get yet another funding away. And I cannot see why it is allowed to continue trading. It is bust. But today the shares are up almost 5% at 0.02p with Bulletin Board morons trading like dervishes thanks to a spurious press release. I despair.
Motive TV (MTV) shares have been something of an obvious avoid for many for years with share issue after share issue and no hope of shareholders seeing a return. Has anything changed? No.
Once again, Motive Television (MTV) has announced that it has issued new shares.









