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deltalo, fingers crossed it will work out that way. Regarding today's RNS coming out after Tel Aviv closed - just checking - is that the case, from what I can see the market was open until 16:30 their time and the RNS came out at 15:04 their time. Would prefer if it had come in after closing time but don't think it did - if you can please check?
Oh, posts crossed so no I don't agree with delato last two posts. Figures don't agree but I think there have been many changes since April.
deltalo, agreed - time is tight and I guess they want their money! However ....
Hopefully, we will hear whether an agreement has been reached with any ‘interested party’ well before the bondholders meeting on 5 September 2019. From the interim results, I note these provide the figures for the total paid for the 90% holding in Team Internet as €51,343m. By my calculation, the 40% discount (as per the buyback option) brings this to €30.8m and not the €36m previously mentioned. Either I have the wrong figures or there is a discrepancy; could this be the reason negotiations fell apart before with Rainmaker? Then there is the German tax refund of $4m which was taken onto account. Not a lot of wriggle room to clear the debts/get a done deal. Interesting times ahead. GLA
April 11 2019 rns that is
Sorry predicted texts don't always work.
Even when the bond holder's are paid they will be 10 million +
Also I was thinking that the Bondholders don't have to be repaid in full ,but on the 11th of April they agreed to a full repayment of the bonds if available.
Check out the April's 11th 2029 RNS.
It's all agreed to pay early and that's great as it finalises interest.
This is an undiscovered Jem.
DYOR Gla
Looks like the Bondholders meeting is to the agreement to pay the bondholders in imideate effect. That's only my take on it and mine only. As I read it, they've excepted an offer as why would you call a Bondholders meeting.
They must like us as it came out after Tel Aviv closed.
Just remember that when Team internet is sold the company will become a cash shell but they already have at least 12 million cash before the sale price of Team internet.
I know there will be some administration costs so say 10 million cash leftover, plus the sale of Team internet of + 36 million will price this cash shell at about 40-50 million at least.
Now what is the mkcap again!
Looking forward to this week .
Where have you seen that - ‘they’ve agreed a deal’?
Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) (the "Company") hereby
announces that the trustee of the bondholders (Series A) of the Company (the "Trustee") has published a notice to convene a bondholders meeting, at the request of a few bondholders, that will be held on September 5, 2019 (the "Notice"). On the agenda of such meeting is a resolution of a contingent demand of an immediate repayment of the bonds.
According to the Notice, if the bondholders approve the resolution on the agenda by a simple majority, and one of the following actions will not be taken within 30 days following the day of the publication of the results of such bondholders meeting, the trustee will demand an immediate and full repayment of the bonds:
a. A partial early repayment of the bonds, in the amount of $5.5M.
b. The shareholders who provided the Letters of Support (as was extended on August 28, 2019
(RNS 4599K)), will inject the funds necessary by the Company to fully repay its obligations.
So they’ve agreed a deal...
Interesting week ahead to say the least !
So now the fun and games begin.
https://mayafiles.tase.co.il/rpdf/1251001-1252000/P1251627-00.pdf
I don’t think we should take too much notice Tel Aviv.
We know there’s a deal coming we just have to wait.
https://www.tase.co.il/en/market_data/security/1131697/major_data
I'm not seeing any news in Tel Aviv and the price there has dropped from 18.9 to 17.0 this morning. We need news for a deal very soon. GLA
On the up again in tel aviv
Everyone one in is hoping for a decent rise in tel aviv.
Would be good if it touches 20 over there.
I wonder if we’ll receive any news in the morning from Tel Aviv
The SP seems to have held Ok since the initial spike following a great RNS. There is massive potential here, despite the doom and gloom brigade highlighted below. However the risk can’t be ignored, it really depends on what the offers look like, so I guess we’ll soon see. I decided, being in quite a fortunate position, to Top Slice yesterday and pull out my initial investment, so I’m on a free ride, which will be left in until the next update, make or break, fingers crossed.
MMs holding for how long for?
Make that 4.02. Big jump up.
They will take a million for 3.749 here.
MMs holding for traders to exit lol
5p+ close hopefully
TASE open Sunday for trading!
Will they get news Sunday??
Spread is actually 4.00p vs 4.25p
MM's don't want buyers!!!