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I suspected as much in today’s bearcast (HERE) Motive TV is passing the hat around yet again. Following a spurious and – ‘natch – upbeat RNS yesterday the shares hit 0.26p. However..
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Comments
DUCK AND DIVE
That would be, er, 40 billion new shares, pre-consolidation.
The prospects for flipping don’t look good.
johng
and it comes to pass….. RNS released after hours
steve
The RNS is hilarious.
The title stating director investment, while the detail is that they will receive ‘most’ of their future pay in shares.
So basically the put nothing in and just take slightly less for 4 months of what they have just raised in but still get some shares. This is apparently ‘investment’.
DUCK AND DIVE
So that’s 280m new shares on top of the 220m in issue. Wanna bet that we see zero TR-1 Holdings RNS’s?
Let’s just hope that Beaufort haven’t done a WHI and sunk discretionary client funds into this hopeless POS.
Whoever has bought them, they will be queueing up to offload at any price above 0.125p if there are still muppets willing to take them. Meanwhile Bergen are still waiting to convert 3.5bn pre-con shares or 15% pre dilution. MTV could have the biggest overhang in the history of the world.
Then there’s the little matter of CLNs due for redemption in December; and around £500k to pay off/buy out Adecq, if their Spanish court case gets scheduled.
Not even Apple can rescue this basket case.
MrMoto
I make it just under 23 billion shares in issue. So they could in theory, give every person on the planet (3 shares in the company)
This dog needs putting down, that RNS and fund raising looks desperate though. Not sure how many more of these they can squeeze out.