Member Info for bloch

PJ159 No that's not how the distribution works. The total owed to creditors is about £6m. If £6m in assets were recovered all £6m would go to the creditors. Monies are not distributed on a pro-rata basis. If £5,999,999 were recovered in order for the shareholders to receive £1.00 the creditors would have to unanimously agree on it. Motive Television PLC is in administration because it has been agreed by all parties that it is insolvent and cannot meet its liabilities. It is a fallacy to suggest there is £millions out there waiting to be claimed. Whoever is looking for money will need to look closely at the directors remunerations, bonuses and pension pots but that is a completely different ball game from recovering the company's valuable assets.

ol... - "people should consider the 3 broker ratings back in September that were predicting RCN SP to move to 220p" These brokers notes were based on the facts past and present as being correct. This is not the case so the broker notes are invalid. It is highly unlikely the work of Deloitte and Nabarro's will be completed by 31/12/2016 the deadline for the interims. The directors stated the forensic work will take some time. So I'm thinking months not weeks. If the interims are not out by 31/12/2016 the the stock will be suspended. Personally speaking I would not be hanging around here.

No. It is highly likely the creditors would have insisted on the appointment on two highly respected auditors. It does not bode well for the future.

If they have brought in Deloitte and Nabarro I would hazard a guess things are a lot more serious than shareholders have been led to believe.

Look mines flood all the time. If there is $1.5 billion worth of diamonds in the ground then this set back is nothing but a blip. The live issue here is how far are they prepared to go to disenfranchise Joe Bloggs private shareholders. Do not accept this load of rubbish about immediate cash or lose the lot. The diamonds do not dissolve in the rain.

RNS 07/11/2016 "The Board notes that the Lace asset, irrespective of start up delays, still contains an estimated 9.39 million carats of diamonds with an in-ground value in excess of $1.5 billion based on the $164/ct base case and grade and tonnage estimates contained in the independent resource statement announced in March 2016" Do you think flooding and a 12 week delay would deter anybody from laying their hands on $1.5billion worth of diamonds. What a load of absolute ******x.

There is nothing untoward about calling another poster a monkey. All active posters have been called names and have called others names and I dare say this practice will continue. That is not the issue. Posting a link to group of chimpanzees to indicate what a poster looks like and accompanying it with what is nothing but a series of racist monkey chants is unacceptable behaviour. He doesn't understand this.

MRP Motive Television Services is not in administratoin so there is no back door for them to sneak out of. The administrator is still llooking into the affairs of the Motive Television group of companies. Since LF and MP took control of MTV £15 million of funding has been raised via the issuance of shares. When MTV was delisted it had a market cap of just £85k and as I have repeatedly asked did any of the so called contracts and collaborations really exist. Due to the research of the likes of parkez, cassius and Jjjerseygirl we now know Granite wanted no part of TTV for some time. We now know BYOD never took off with MTN. The Freeview joint venture with the BBC never took place. Siyaya never did win exclusive rights for South African football. The £800k debt to HISCAN was never settled. Nothing actually took place. So the question the administrator would be asking is where is the £15 million. I do not believe the money rests with Motive Television Services. If I had to hazard a guess I would say the director remunerations and pension pots may be a better bet. From the administrators report there is outstanding debts of £6m to creditors so there is absolutely no chance of private shareholders receiving anything back. Giuseppe D'Arcais hasn't taken up the directorship of Motive Television Services on 20/09/2016 for nothing. He knows there is millions unaccounted for. LF has resigned all his offices but MP who gave up his executive role a few years back is still hanging around why? To keep an eye on the insolvency process and prevent any damaging dirt from being dug up? You will need to wait for about year from today for the administrators report to find out what really happened but as far as the 10,000 shareholders are concerned the return will be zero.

.......and unacceptable behaviour.

Despite all the insults we've all thrown at one another over the last few years and monrhs your post on Saturday at 21:11 is a new low.

parkez - "theres a fine line between being useful and a nuisance, i dont want to cross it." Nobody is more negative on this stock than me but you can be rest assured you have not crossed that line and never will. When you become more experienced your focus will shift for the RNS statements to the personal financial intentions of all those associated with the listing. That is the vacuum that is missing in all your research and why there appears to be gaps.

RMBing - "It just proves anything can happen" Anything has already happened you nitwit. The company has delisted, it is administration and the corporate muggers have resigned and run off with your money.

MH3834 - "Bought 7 mill shares this is only going up from here" Yes but who sold 7 million shares. You cannot always argue that those who bought know what they are doing and those who sold don't or are forced to for technical/legal reasons. Read the first paragraph of the MXCP RNS carefully. "MXC Capital Limited (AIM: MXCP), the technology focused merchant bank, announces that on 7 November 2016, it bought 7,610,208 shares in Redcentric plc ("Redcentric") at an average price of 59.68 pence per share. Together with MXC's existing shareholding, MXC now holds 7,659,316 Redcentric shares, representing 5.2% of its issued share capital. " If they bought 7,610,208 and now hold 7,659,316 what it means is that they were only holding 49,000 prior to today's holding. If you read the RCN RNS's MXCP sold all their holdings in June at about 180p per share netting them £10.6m. What did they know then? MXCP can fool you. They cannot fool me.

tozerk - "Diamonds taken out of the ground subsequent to the mine becoming commercial will affect the share price in a positive way." No they will not. DCP is a microcap AIM stock not a FTSE100 stock. Diamonds coming out of the ground commercially will give the directors the excuse to issue further diluted shares to "RAMP UP PRODUCTION"

I did warn you they would withdraw from the offer period. They merely wanted to see the stakes built up in opposition to the finance deal. I do believe the withdrawal now is also linked to 'alligin' demonstrating here he was not able to raise enough support. The finance deal will now go ahead reducing the value of your holdings substantially. Diamonds in the ground are no concern of yours its all about the shareprice.

Jjjerseygirl - "Or the nomad left aim at both a critical and vulnerable time" The nomad left when the London Stock Exchange starting turning up the heat on nomads like them who received fees from companies that had no intention of returning value to shareholders and who's sole existence depended on an endless stream of worhtless shares running into billions. In MTV's case had the two consolidations not taking place the shares would have been in the trillions. For your correction it was not the fact that the nomad left that forced MTV into administration but the fact that no other nomad would touch them with a barge pole and for good reason. No nomad meant no more PI money. No more PI money meant no more fat wages. No more PI money meant no more RNS's to trick others PIs into parting with their money. Gone "Come in No 6"

parkez - "which ever i,m sure we will find out soon" You are not going to find out soon. The liquidator has already indicated he will require the full year or maybe longer to conclude the operations. As I said earlier this is a company that issued RNS stating they had business in:- England Italy Turkey South Africa Czechoslavkia Greece Scotland Republic of Ireland United States Spain China (RNS 17/04/2014)

Buriedtreasure Let me explain about Tablet TV for you clearly have no clue what went on. Tablet TV is the name MTV attached to a product that was already on the market. The product was being sold by other companies like Hauppage, Humax and Tivizen. The product was being manufactured by a company called icube and distributed by a company called Tivizen. The product itself has nothing to do with MTV. The product is still being sold on the open market. Below is your product under a different name. http://www.trustedreviews.com/humax-tivizen-dvb-t-review All MTV did was design certain apps for the existing product. Bit like some teenage geek desiging an app for the Apple Iphone If it takes off it will make him a bedroom millionaire. Apple itself is nothing to do with the teenage geek. If the teenage geek got run over by a bus the Iphone would still remain on the market and others will continue to design and upgrade apps for it. Indeed others may takeover his apps whilst he is six feet under. The key app that MTV told shareholders it was designing that would make it unique globally was the red button for Freeview, none of the others had it. This story like so many others turned out to be untrue. The icube product and its apps will continue to be update long after the dissolution of MTV.

Higgyp - "You are not familiar enough with the whole mtv story as I am sure you have not read up on the past rns's ." I agree I have not been around as long as you and some of the others but I have been reading this story with interest for a long time. Speak Later.

parkez - "they then go on to say that following these events after the secured creditors have been paid there may be sufficient realisations to distribute to preferential and unsecured" No that is the purpose of the administration process. To secure funds for all creditors. On page 7 they then go onto say:- "On present information we consider that the company will have insufficient property to enable a distribution to be made to unsecured creditors...." For the record as an ordinary shareholder you are neither a preferential, secured or unsecured creditor.