Hi east, thanks for that, seems a lot of emails were flying around from BOD whilst we were trading, so hopefully someone may hear something, but the communication is poor at best.
Also east, only today we have learned that Begbies has brought Eddison for £8.8 million (Eddison are advising Begbies on the value of MTV!).
Hi SL, the person I am working with is still quite hopeful as there are so many unanswered questions, very eagle eyed, only yesterday it was pointed out to me that Luc Tomasino had updated his LinkedIn page on Tuesday and is now working for RightsLine but says is working for TabletTV also. Well, if he only updated a couple of days ago then why not say you have left TabletTV if it's a dead fish and also does he want to be associated with a company in Admin.
The report is also an eye opener, this person used to work for Administrators and says that they have never seen so many items next them them where it says 'unknown value'.
Shaa, the answer Joisy and myself got on the communication was that the BoD have no money to pay for MTV updates, that the website is in spain and being held in limbo by the website operators and may be taken down at any time. They, and Begbies, were asked to provide an alternative method such as the BB's or alternate website and there was a suggestion that Bryan Foss update through his Twitter account (which he seemed reticent for some reason lol) or to set up a new website called for instance MotiveTelevisionupdate.co.uk which could carry any updates.
So far, nothing seems to have moved forwards.
Bearing in mind the Bod were supposed to be applying for administration last Monday, and the process should take approx 5 days, it would appear there have been some delays... I would guess that the application would have been for 'Voluntary' Administration if that is indeed possible as they have not been forced into the courts by creditors... bet Bergen will have something to say about that lol !
As far as RNS's and 'news' from the MTV site, I'm sure that there will be loads of different interpretations from what was 'implied' by them. For those that attended GM's, they may feel that statements or implications were made that 'implied' (maybe off the record) that gave a different view of what actually happened. For me, the main thing that is undisputable is the RNS stating re: settlement of CCAN dispute ...
'Acquisition Agreement and Issue of Equity Wed, 26th Nov 2014 07:00 RNS Number : 9968X Motive Television PLC 26 November 2014' Which is in my view fraudulent bearing in mind the outcome ! There are also lots of 'indicative' statements that could be construed as misleading to the reader... just a case of reading back over each one and taking your own view.
Nowt wrong with reporting them back here, BUT you need to put them into a letter to ***Simon Killick at Begbies*** ... ******** on here is only good for the trolls and achieves mothing
For what it is worth my opinion is that fighting over the scraps of MTV assets is going to prove fruitless. On the other hand the Directors may have maintained Directors & Officers Liability insurance, assuming they could find an insurer to underwrite the risk. If so any insurer's involved will be on red alert at present expecting some claims to defend. There are certainly a rake of RNS releases to pour over to determine whether Investors have been misled or there has been a breach of fiduciary duties. This may be a question to raise SL100
..but please remember, we are now DELISTED - ie. we will no longer get any information via RNS - the ONLY way to find any information is to do your own digging or monitor the BBs for information. If I recall, notice of the meeting was not easy to find (in a newspaper?) .. it wasn't sent out to shareholders probably because the company only wanted (other) creditors to attend - we are now seen as a pain in the neck... SouthC - sorry but what makes MTV any different to the 200 plus other AIM shares ramped to death every single day on LSE? All threads have rampers and derampers - on this occasion with MTV the derampers called it right.. fine - but don't pretend MTV is unique or that you were daft enough to invest here because of ramping!! PMSL! Let go - move on - any perhaps monitor the ramping going on with these gold shares you apparently now hold!
SL100 as I said in the previous post - please refrain from arrogant Posts. Thank you.
By the way - I didn't realise that Members / Shareholders have to chase a PLC Company for a written update of a Meeting that the Company asked Members to vote on - but then again we learn something every day - not.
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