Keep taking the lithium, Mr Lithium, it is clearly having the desired effect.
I do not hold any MTV shares anymore but am still allowed to put forward my views. I will be as sick as a parrot if MTV come good anytime soon, as UMTD has pointed out to me in his amicable way.
No, there's nothing for me here.... ....this is a local share shop.... nothing for strangers here... strictly loco..
However, I was quite fortunate as I was on a free ride but foolishly bought more stock again, making a small loss on that final investment. Overall I made a tiny profit in relation to my original investment more than 2 years ago.
It would be a lesson to everyone on here who believes as I do, if MTV was to BOOM anytime soon. AND i would be truly happy for all those invested on here, particularly those who sadly bare all their personal lives and personal issues on this board with their investor "family". Good luck to you all!
PS. I feel that there is no greater disrespect of another poster than to accuse them of being an alias of another poster.
It really shouldn't matter if they were, however unlikely considering that LSE Admin track ISP information of posters.
It is also very childish to purposely poke fun at posters by changing their "nicknames" in a derogatory manner.
Abbreviation is OK, but mockery is childish and disrespectful.
...have propped up their investment whilst diluting the existing share value along the way.
Following the initial agreement on equity for debt put out in May 2014, Bergen and MTV agreed to INCREASE the value of outstanding debt , in January this year, from £239,000 (£939,774 - £700,000 converted at that time) to £447,181.
They have now agreed to RE-VALUE this debt upwards to £780,020.
So, in terms of outstanding debt, MTV now owe Bergen more than 3x the cash/equity that they did on 1st January 2015.
But, they will only convert this debt to equity "by mutual consent of the Company and Bergen"
Well. of course THEY are both going to agree as it is in BOTH their interests to do so, as and when they like.
MTV can also agree to set the price of that equity at whatever level they feel will enable Bergen to recover as much of the value of the debt as they possibly can.
So we can expect at least another issue of equity at some point equivalent to £780,020 / £0.000225 ( or less to be on the safe side)
I would hazzard a guess at around 4.0 Billion shares @ a nominal £0.000195 (= £780,000) leaving £20 as a tip!
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