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years to bear fruit and some may become barren. That's when the share price may go nuts not now. At the moment it is a fundraising investment vehicle with zero income or capital gains from its investments. It also has a cash burn and is top heavy with NED's brought in to help with the fundraising and investments. IMO everybody needs to settle down.
Smoke and mirrors here. It's impossible to see what is going on behind closed doors so no idea why Stonedchic is always so positive. Writing almost in the 'first person' narrative as if she or he were AFPO is a concern. Too close to AFPO to be objective is my opinion. Looks like the vertically integrated model has been abandoned due to lack of financial resources or rich benefactors or investors to become a sales commission agent of agri output. AFPO has alluded to operate in the harshest of economic, political, climactic environments and so far failed miserably. Even if it did get off the ground it would still be a very risky investment however apparently well intended. Imagine you were a Dragons Den investor. Would AFPO entice any of the panel?
Thanks for reminding me MrPlumper. Broken promises of slating my thirst for world cup TV footage attracted my attention many moons ago. Got to say I stay away from sales pitches to investors from tiny PLC's with nowt in the bank but a dream to sell.
Irrelevant to MTV PLC but further evidence of the unsure future of TV Broadcast channels. A popular, if peripheral TV content Channel is picking up the relay baton rather than wait in the background watching audiences and income gradually disappear. Live OTA. OTT. Streaming & Sattelite broadcast distribution networks here to stay methinks sharing the distribution load but losing control of the income model. Valuable TV content it seems is king and key to monetizing TV.
So Leeperman, your line of thinking is MTV Services Ltd acquire the rights to the tech and patents for a knockdown price from the Administrators of MTV PLC and then license it MTN/EMC. If MTN/EMC valued the product why wouldn't the much bigger company just bypass the tiny MTV Services Ltd and acquire the rights for relative buttons? Could be a number of reasons 1) they don't value the tech 2) customers don't value the tech or at least it isn't proven to be a money spinner 3) It's off strategy in a very turbulent TV and Video broadcast arena 4) Weaknesses persist in the tech i.e. not a complete package. 5) Engineering and development and support issues etc....
Morning Leeperman. I am surprised no one has mentioned Directors & Officers Liability insurance and registered a claim against it, assuming MTV PLC were in a position to buy the cover. If not then a claim against the personal assets of the Directors responsible for any proven breach of Fiduciary duty might produce some results. Normally this is justified when a company continues to trade and encourage more investors while insolvent or it is clear they are going to become insolvent and failed to act accordingly. Failing to secure a deal with that large global Ferry operator was probably the point when it was time to close the doors and give up the pretence this was a goer on the global scale they hoped for. With the benefit of hindsight this now looks like it was the last chance saloon. As regards a sale or transfer of IP rights from MTV PLC to MTV services, this is down to the Administrators and they will sell to the highest (or only) bidder. Nothing wrong with that especially given Services is now majority if not wholly owned by an unconnected party. Anyone launching a joint shareholder action is welcome to my details.
Leeps/Bing timing of write offs depends on personal circumstances so best speaking to own Accountants who are accountable. As regards any value in MTV PLC, the Administrators appear to be negotiating only with the the Loan Note Holders one of which is Guiseppe from MTV Services Ltd who seems to be in the driving seat. In Admins last progress report the signs are there will not be anything in the pot for PI's. So it looks like the preferential creditors will have to write off their Loan Notes and possibly make a modest payment in return for the assets and goodwill of MTV PLC...or the parts of it they want that relate to MTV Services Ltd. Very happy to be proved wrong but this is my reading of the situation.
Forecasting shares correctly is not odd. Some people get paid a lot of money to do it. Surely you must agree that maintaining a persistent deramp position on a delisted share, baiting or at least trying to bait investors who have lost money on it though is odd.
not as funny as some oddball spending their life deramping a delisted share LOL LOL LOL LOL LOL LOL LOL LOL
My theory re SCB is he keeps dipping his ring into a limitless supply of fairy liquid enabling him to keep blowing bubbles of nothing out of his .....
Seems AFPO now suspended from NEX. Can Stonedchic put a positive spin on this news?
Hi Shaa and all the well adjusted interested parties. I agree that Motive Television Services Ltd own the good stuff, remain an active company earning revenue and they are still a wholly owned subsidiary of the currently delisted MTV PLC as far as I can tell. Not expecting anything but would be delighted if Shareholders managed to get something from their lowly position at the back of the queue.
Saw a post from Tony Combe on Linkedin tagging Len about cost of wifi access on boats. Odd really. As regards SCB if he is still lurking in the shadows my advice to him would be to move on and try and make some friends, its much more rewarding. Someone still thinks the tech has legs but unfortunately not as a product provided by MTV PLC. I think PI's are now out of the loop.
Someone seems to have chucked a Monkey at this on ISDX and appears to have been stiffed on Ask. Mind blows why people are prepared to drive miles to save a few pennies on petrol and risk hard earned money on a share that is right at the top of high risk if not reckless gamble.
knicol46 this is the extract of the news on the web site 'In accordance with the AIM Rules for Companies, if a replacement nominated adviser is not appointed by 8 December 2016, trading in the Company's shares on AIM will be suspended. The Company understands that in the event that trading in its shares on AIM is suspended, trading in its shares on ISDX would also be suspended.'
Bloch, PJ said it as it is in the order it is. No mention of pro rata anything or that there is millions waiting to be realised. After all assets are realised, the Directors of the PLC business will be under very close scrutiny by some very big hitters over any shortfall. If they are suspected and subsequently proved to have neglected their fiduciary duties their personal assets will be at risk. This is likely to be led by secured and preferential creditors seeking to recover their losses. If it happens and any money is left over unsecured creditors and shareholders in that order may get something but I fancy the only ones who would really benefit from such a process are lawyers.
Hi Parkez. In my understanding Services Ltd is an autonomous Private Limited Company. Although Services is owned by the PLC as an asset it is not responsible for PLC debts and is only of any use to the PLC if it is worth something and someone is willing/able to pay to buy out the PLC. It looks possible there is something on the table from Giuseppe but I very much doubt it is anywhere near enough to meet the PLC debts and give something back to us PI's. Other Subsid companies and the Joint Venture with Granite will be treated the same way, an asset to be realised if possible and this is all now in fire sale territory.
PJ I agree with your line of thinking. As regards Patents they are owned by whichever company (legal entity) actually registered and paid for them. In theory most of the subsids were 100% owned by the PLC and as such the PLC has a call on their value. Unfortunately they appear to be worthless on the open market and only have a value to MTV Services who have contracts and income. That value appears to be nominal compared to MTV PLC debts not to mention MTV Services debts. Bottom line IMO OTA to Tablets and Smartphones has a much reduced value/relevance in the UK and USA but still has some legs elsewhere. I am prepared to admit that my punt on the MTV horse ended up an alsoran.
Wrong Bloch (you do sound a lot like JLF). What I have learned is that AIM is meant to be a place for growth companies whose growth is being stunted by a lack of access to funding choking expansion plans. It should not be a place for companies who are predominantly speculating and prospecting without already established proven income generating business models. MTV and it's like should live or die off AIM according to funds they can raise from very sophisticated and experienced speculators whose deep and close research will allow them to come to a fully informed investment decision. What I have learned from Bloch and JLF is that unpleasant obsessive posters (who may be good people in real life) whose posts on LSE are laced with bitterness can have the reverse effect to the one they apparently intend. In short only pay heed to research that pops up here and elsewhere and ignore the noise.
Hi Parkez and Bing. This all reminds of a quote from Alexander Graham Bell '“When one door closes, another door opens, but we so often look so long and so regretfully upon the closed door, that we do not see the ones which open for us.” I liked the MTV concept so had a flutter and I lost. Plenty more fish in the sea but like Parkez says a good deal warier now especially on Aim stocks and given the general climate.