Member Info for Rocka999

Investor presentation on 28th March, you rampers can ask Geoff what went wrong…

As someone has alluded to "a potential multibagger" in the making although still high risk imo...

Too high for a dead cat !

I believe Biden tried to calm the waters earlier but no one could understand his mumblings ?

That's a hell of a bounce

I'm looking for buying opportunties, which may be along shortly

Lets wait for the US Markets to open !

I believe I saw a dead cat bounce earlier, down 15% and the spread has moved to 40%, ouch.........

O dear no Boom's this year and probably never...spread at 23% so good luck selling, the MM's have you by the balls again and don't say you weren't warned!

I see you forgot to mention the cash position Deeogi which decreased by 63% to £45,000 which is all they have in the bank, divide that by the number of shares in issue and you have a grand sum of £0.0000322 per share, so that's £32 for every million shares you own in laymans terms, that's a more realistc vlauation of the company at present. Now you know why the CEO doesn't buy shares and his holding is only 0.48% of the company, his actual investment is worth £213.86 using my more realastic valuation.

Stripping out the goodwill on the balance sheet totalling £2.7M (which requires revision ) and your basically left with a few quid, where's future capex coming from other than further loans, how are they funding acquisitions and further expansion, they have no money? The real value here is the listing on AIM.

Revenue was up a massive 26% they say, but costs increased by 39% ! Thought they had costs under tight control?

At least they made a profit of £12,000 so Geoff will get a bonus out of this no doubt and hey presto its gone.

Shareholder loans have been extended which means more interest payments to the loan holders meaning more of your money is being banked abroad by certain family members and the gravy train rolls on and on and on..................

Talk me through it ?

I believe you mean it has a brief and temporary spike before the reality of the situation sinks in and investors run a mile, would you say that's a better analogy of a would be MDZ shareholder? It never lasts as there is no value to the company and never will be

The SP backs up my argument, down 99.99 % from its high, if you think that's a success then you're being very delusional...

The Titanic ?

Lets see if its the same old nonsense, they can't keep losing money forever or even go back to the shareholders again cap in hand for their salaries...

Hello, what's occuring here all of a sudden............

I'll stand by what I said previously, the company is effectively worth nothing until we get some updated numbers, then we'll see how they are performing of late, their track record is abysmal and the SP reflects this and that is why can you buy a shed load on the cheap. I mention the spread as this affects the selling price, you would need a healthy increase of 40-50% just to get your money back let alone make a profit on the transaction as the spread will increase when the buyers dissapate after the intial spike. I've called it correctly down the years so lets see if I'm right again this year...............

PS No director buys at all, even at these rock bottom low prices - and they're in the know !

I was being kind there, its actually 18 years since the takeover and the SP has fallen 99.99% in that time so £1000 invested then is now worth 10p, not a great track record for the long serving inept management team is it? They do manage to pay themselves a nice salary though, so not totally inept. Lets not mention the offhsore accounts and undeclared third party interests in Guersney!

If you've been through the accounts you'll note that there's a figure of £2.7M stated as "goodwill" which you should take with a large pinch of salt, this has been there since inception and keeps the books tidy! There is a note from the independent auditor regards this and states "requires significant judgement" ! If you have read the last set of posted accounts you'll note that there were comments also made about this carrying on as a "going concern" as liabilities exceeded assets which isn't a great look, don't take my word for it, look it up.

I know some are here just for the punt as you can buy a million shares for a tenner so good luck to you, the key thing to remember is at some point you have to sell and good luck with that as well on the current spread

They've been saying that for the last 15 years.....................................

Where's the new capital coming from ?

Another ramper on the prowl !

Wonder if he's checked the latest EP & F Capital valuation of MDZ recently? This nearly gives you a true value of the company and its not a pretty picture

Thats like saying I wish I'd got on board the Titanic's last voyage lol ?