3971 days ago
Allow me to have a gloat. It is champagne round ar Real Man Pizza tonight as the Cesspit IPO of joke company Bison is pulled. In turn this whacks a string of pointless AIM Cesspit listed investment companies for six. Happy days.
The great overhyped joke IPO of 2013 on the AIM Cesspit, that of shale ( whoarrr feel the sex forget about the numbers) energy play Bison Energy has er…flopped. It has bison the dust. Those who read my analysis of this great enterprise which was set up last year but suddenly was worth almost a billion dollars according to its broker WH Ireland may not have been surprised.
4005 days ago
Once again, AIM Listed Motive Television (MTV) has announced that it has issued new shares. Clocking the RNS statements since interims were published in September there have been no less than 15 RNS announcements entitled “issue of equity or placing”. And Motive has also issued some convertible loan notes. That takes some doing.
So why issue more shares? The latest release says that it is “in response to institutional demand” Oh please…..Is the correct urban phrase LFMAO? The exact wording of the release is:
“Motive Television is pleased to announce that, following interest from institutional investors in the Company’s announcement yesterday relating to the Company’s development of its Tablet TV technology for the UK Freeview platform, it has raised £500,000 through the issue of 3,333,333,333 new ordinary shares of 0.01p each at 0.015p per share (“Placing Shares”). The proceeds will be used to fund an accelerated programme of development for this product and for general working capital purposes. The board has considered the Company’s overall medium-term funding needs very carefully and, given the high level of interest in this development in the UK market and its anticipated value in terms of future sales and profits, it has decided that this fundraising is in the best interests of increasing shareholder value.”
Yeah right. The shares were at 0.03p and institutions were so wowed that they offered to snap up a big line at 0.015p which saw the stock slump to 0.02p today. There are now almost 14 billion shares in confetti-chase PLC in issue.
