Member Info for buyout18p

Thank you for this SB. We have been in limbo for a long time now not really knowing our situation with any degree of certainty, we need a new baseline to be set with these upcoming results, from what you have laid out here they may not be too shabby, replacing very cheap DUMS with higher revenue ones should stand us in good stead. No news on the SJL matter is good news, although how many lawyers have been grafting over Christmas, we will wait and see on that. atb to all for 2021 Huckster

Happy New year to all, thanks SB. Hopefully we will be onward and upward in 2021, first stop is to hear from the Board on how things panned out last year sales, revenue and profit wise, equally importantly is TF's vision as to what is planned for MMX going forward, a clear strategy and set of objectives would be welcome, if all is positive we may see a little tick up............the steady 5p is encouraging. Surefooted honest management of MMX is what I am hoping for.......wishing all the very best for 2021.....Huckster

This is a highly complex matter, mmx are very unlikely to divulge any information in connection with this matter save a broad brush rns pointing out there is a legal challenge, so personally i am not going there, it's a que sera sera situation for me. My concern is the cost of fake/dodgy management over a number years to the value of my investment, right now it's about 7p per share, I am concerned this cost will rise due to any possible SJL legal action.....not happy Just hope the new guy is straight

SJL
Thanks for that,
we all see what you are driving at
Most have some sympathy with you
most don't want to lose you as a positive poster
No one knows whether you will win or not
Your case is not our case
We are all fed up of being underwater, want an sp rise
Simples

SJL, your ref to my saying something about sure of his hand is incorrect. Not quite sure where it came from. I have no idea of how all this will play out in court, I do know you are going to be hard pressed to win such a case. As I actually have said I have sympathy with you as TH has form with fake news on sales/revenue, he was trying to make things look good to attract investment and in your case an acquisition, all this effects us shareholders equally you know, perhaps unsurprisingly we are also are pretty p1 ssed off, it is not just you who bore a loss in the value of your shareholding. If you are going to litigate I would hope you are sure of your hand for your sake. It would be better for you and the company to do a deal, bury the hatchet and maybe for you to re-invest in mmx.....yes .....for sure....question is......has all this public outpouring from you not prejudiced you doing a deal?.....lets hope not....Huckster

There seems to be agreement here SS & SB, my hope is that SJL's attempt to threaten the BOD via the BB is a very weak play, if he had a nailed on case why do that? Huckster

Yes, we cannot know the exact timing and intention of these projected sales deals in China, a third party who is unreachable makes the issue almost intractable, the 'case' if there is one will hang on very tight little legal issues, so we don't and won't know what the outcome of this case for years potentially. Personally I want to see the 2020 end of year results free of any bogus sales/revenue figures and have a clear statement from the company as to future plans and projections, been waiting a while now but I always thought nothing would be said until January 2021. I imagine there will be a subtext in any company narrative for us to disseminate, direct comment on the SJL issue is extremely unlikely as all is subjudecy.
It has been and will continue to be cr ap all the way for us shareholders, this affair at the very least pushes mmx's recovery and possible sale further down the line and at the worst will cause II's to simply take their losses and move on, quite where between these 2 opposite poles is anyone's guess. Step one for me is a 2020 results health check on the business so we know where we are as a business, we sure haven't known that for years under TH. Alb to all......Huckster

Sorry SJL, I was posting as you posted, I do have sympathy with your position, it looks like MMX were a bit slippery with some of the sales figures, I can see that making them look better than they actually were painted the picture you wanted to see, I totally get it that there may have been some very 'optimistic' figures, TH has 'form' in this regard, but we shareholders have to look to the future now in the hope it will be better, I really don't think litigation will help anybody.

mmm.......Yes, Silver not a great idea discussing litigation in public, helps no-one and digs trenches to defend, best to talk privately. Often loud public threats are seen as a weak position, SJL's CASE IS DEFINITELY NOT OURS so sadly there is some divergence in our respective paths. It is interesting SJL was considering buying 50M shares, maybe we are not such a basket case after all. I really can't be doing with all this, just want MMX to progress.....Huckster

We will never get to the bottom of this, SS is quite right SJL, wronged as he may well be is unlikely to get satisfaction from any litigation other than a punitive lawyers bill accumulating massively over several years, I am truly sorry this may have happened to you SJL, sometimes it is best to put it down to experience and play another round or two of golf and move on. I can say you will not get any support from the company or the existing shareholders they will all most certainly simply want this to just go away. As for the way the shareholders have been treated we are all totally fed up with the con- men who have been running the company, a situation that has prevailed for many years, our eyes are on our investment, our investment has been marred by fake management, you should understand we are only ever going to look forward to a better future for MMX, that's why we are invested here, personally I simply want to see a reasonable set of results in January and hear clearly from TF what the ongoing plan is so we move onwards and upwards, it is unlikely many here will disagree, so I am sorry for the way you have been treated, I wish you all the best and a Merry Christmas, but as you must know, your case is not ours anymore, we just want success for MMX......Huckster

Silv....don,t think there will be any share buying activity to boost the sp unless and until we get a clear and positive statement
from the board as regards the current state of play and what we can expect going forward, its good 5p looks sustainable for now but I am waiting for the board to say something so that 5p can move up.

There's still so much we don't know, we don't really know the future plans. We have basically been conned with no return on investment for so long now there is not much trust. In truth we know what we want the future plans to be, we know we want the company to be in good shape and in a position to recover, we know we want TF to sort this out and prepare MMX for sale, we have SJL's encouraging advice. BUT nothing has been really been said about all the sh1 te happenings over the last few years we are just trying to convince ourselves all will be OK, I sincerely hope it will BUT we need to know TF's plans in a statement to shareholders, Toby was clearly trained by the secret service, I look forward to hearing TF's views.................this is not a negative its just a reality we are all waiting for.

Yup, for me that is exactly it! post of Sun 17:15 we do need to know the strategy, the thinking and direction of travel for the business asap this will give us some confidence in our leadership. We also need a trading health check on each of our gtlds. Not expecting anything until the new year. See the no of shares is down to 870.6 M, that will all be to the good in the fullness of time.........we wait.........

As usual we are a bit punch drunk from the continued incompetency of management for many years and we now wait to see what TF makes of MMX and to see his plans for a way forward, i guess we live in hope we have a leader worth his salt..............all unanswered questions atm , I am still hopeful there is still a good business here that can be re-ordering and refocussed and readied for sale, so not that much more o say atm

So we are in for a rocky patch....continued.......this time hopefully to a proper destination, I am pretty sure the medicine will not kill the patient provided TF takes all the shareholders along with him, so basic but so necessary.......buckle up. Huckster

What a shame mmx has been run by idiots wanting the company dressed to look good with fanciful hype and fake sales figures, this all works well until it is rumbled, then it acts as a disincentive to investors and acquirers; we have basically been had for years, the opportunity cost of investing elsewhere is now considerably. I believe with strong conservative straightforward management over the last few years we would have been sold by now with a really decent upside even for us 10p investors, My worry is that most of any consolidation in the sector has already happened now, I just hope its not too late and we have not missed the last bus! I still think we have a decent business ......when our domains are being sold at a proper market price the the communication with the market and investors is clear, accurate and transparent we may still get a shot , probably preceded by a year or 2 of pain as prices are set and hopefully some considerable cutting of the of the head count , we may be about the last remaining 'bolt on' to be had by way of consolidation which could still be a good thing if people can get over our murky past.............I live in hope. Huckster

I have a print business, difficult market sector, plenty of work but its so competitive the prices are really too keen, we have often said if we put all our prices up 10% and everybody paid how much more profitable we would be as a company then and we could decline cheap work, very risky, we have never quite done that but we have eased out the sh ite customers, cut costs and increased prices in some areas, well all I can say is that we are still here..........That is what we need to do at MMX together with cost cutting, if it works we could perhaps get to SJL's combined EBITDA of $10MM, The narrative of a 'clean bill of health' and SJl's analogy are not mutually exclusive, they actually fit together very well, hopefully TF is the guy to do this, so I get it that some of you don't like the narrative from SJL but don't shoot the messenger ,he feels for his staff and to a degree for us. I haven't had time to read all the posts so others may have said what I have here, apologies for that if that.s the case. Whats happening here is that ICM has kept us afloat we need to sort the revenue from our 28 names, take a hit in DUMS but increase revenue, I know some wont agree but this is my firm view, thank you SJL and all the best to all Huckster

Yes of coarse SJL has got it all wrong, what does he know, who does he think he is, mmx is doing just fine, he must have some dodgy agenda, so lets just ignore what he is saying and let him watch the open.......that's clearly where we are with all this........
But then I got to thinking, his posts have been pretty much knob on for years, his insight have been very welcome and it just could just be he is concerned about his former employees, he took them into a share based purchase of ICM and is not happy to see the results. I would like to thank you SJL for your candor in all this. I beleive you are bang on give or a take a margin either way. You see the ICM generics are absolutely invaluable to the businesses who have them, it says exactly whats 'in the tin' people will pay a good price for this ergo a profitable business, hard to sell due to connatations of the sex market, so you had to do a share based sale, understood. MMX has 28 names but they are much less compelling for business' with a few exceptions like .law so they were sold cheap with some very dubious partner deals, less easy to hike the prices. Toby whilst very keen to progress the company was a little slippery with detail and gilded the lilly to attract investors, that's not criminal but you can only do it so long, you will be rumbled, SJL had his suspicions in 2018. so that in my view is where we are. SJL's picture is correct in my view.

Well its a start, I really don't expect the buyback to have much an effect on the sp, there is a little background advantage that comes to the fore if a sale occurs. I am afraid our way forward depends on mmx becoming attractive to new investors along traditional lines, healthy sales leading to reliable revenue streams that mean reliable bottom line profits. A block firing on all cylinders would prove helpful. The flip side of this is that the company needs to be demonstratively not run by greedy halfwits whose clear intent is to fill their pockets with loot in return for trashing the companies reputation with the entirely predictable knock-on effect on the sp. We are not going anywhere with our sp until mmx are regarded as a good investment with a latent upside, dare I say divi's would not necessarily be a bad incentive to invest, it will take time but hopefully we have bounced off the bottom today...........it's a start......Huckster

Well, it's a start, I don't really think the buyback in itself will help our flagging sp much, there has to be the promise of mmx being a good investment essentially along the traditional lines of healthy sales, revenue and profit and dare I say divi's on offe, it will also help if mmx is manifestly not being run by greedy halfwits who are simply intent on filling their pockets and halving the sp in return for trashing the reputation of the company. This will be a long road that must sooner or later mean we must attract new investors if we are to progress, but,yes it's a start........Huckster