Member Info for suffolkpompey

I spoke with Investor Relations this week to ask about the FCA enquiry, they were tight lipped and said the FCA process and timings were out of their control and as such they could not give any timescales for news or even any loose indications.

The next trading update is due at the end of this month.

I suspect if the trading update is positive that we will see a modest increase in SP but I doubt any gains will be held in their entirety until after the FCA outcome is made known.

I personally believe that we will see a positive trading update and some appreciation in SP but this fca thing is going to be a cloud over us, when we get news on that and so long as its not a severe outcome then this will rocket and hold value.

April 8, 2019





A Letter to the Bondholders' Trustee



Further to the announcement made by Matomy Media Group Ltd. (LSE: MTMY, TASE: MTMY.TA) ("Matomy" or the "Company") on April 4 and April 7, 2019 regarding the offer it has received to sell all of its shares in Team Internet AG to Rainmaker Investments GmbH (the "Sale Offer") (RNS Number 2145V and 4348V), and further to a voting proxy published by the trustee of the bondholders (the "Trustee") for the approval of the Sale Offer, the Company sent the Trustee a letter clarifying that the Sale Offer was approved by the Company based on the assumption that the consideration paid in such Sale Offer shall be used for the early payment of the bonds at their Par value as of the date of the early payment (provided that such Sale Offer shall be executed and concluded). Accordingly, the bondholders should take this assumption into consideration in determining whether to vote to approve (or reject) the Sale Offer.



Cautionary Statement



THE NEGOTIATIONS RELATING TO THE FINAL TERMS OF THE SALE OFFER ARE STILL NOT FINALIZED AND THERE IS NO CERTAINTY THAT SUCH NEGOTIATIONS WILL RESULT IN A BINDING AGREEMENT.



The announcement is prepared for convenience purposes only and it does not constitute or form part of, and should not be construed as, an offer to sell or issue, or the solicitation of an offer to buy or acquire, securities of Matomy in any jurisdiction or an inducement to enter into any investment activity.

Be nice to get the FCA report out before results, anyone know what sort of timescales we could be looking at for the FCA stuff to be made public?

Some nice buying going on this morning, decent little rise in SP too.

Is it Adrianuk? Surely this offer from rainmaker allows the bondholders to get their money back without having to rely on anyone else? For whatever reason the shareholders referred to in the proposed plan have failed to reach an agreement with rainmaker and failed to put up the funds required to get mtmy back onto an even footing.

The recent rns with financial report states several times that there is considerable doubt as to mtmy's ability to continue as a going concern.

Imo what we've seen today is a clear statement from rainmaker saying put up the funding or we'll take team internet off you.

The shareholders now have to either accept being wiped out or put their hands in their pockets and put the funds in as per the proposed plan.

Time will tell her but given that rainmaker have put a deal together for TI it seems they've run out of patience.

I'm now out of this, watching from the sidelines and may return, I see it dropped a bit on TASE today but did the opposite in London.

Wong (and others)

The company did RNS the report, it is online at
http://investors.matomy.com/presentations-reports.aspx

Additionally, it seems that LSE is only showing this RNS on its new beta website. Either way the AIM market has seen the report and it has been digested, hence the drop in SP.

Jolli, sure.

The terms of sale for the remaining 10% of team internet that had been agreed between matomy and rainmaker stated that matomy was to complete the purchase by the end of November 2018. The terms also stated that in the event that matomy failed to complete the purchase that rainmaker could buy back shares in team internet that it had previously sold to matomy for a sum at upto 60% discount to the price matomy bought them for.

So, if rainmaker wanted to they could pursue this option and leave matomy without any real assets and with a big pile of debt.

Another option could see rainmaker attempt to negotiate a higher price for the remaining 10% that matomy were meant to buy - that could be problematic as it would force matomy to find even more cash that it doesn't have.

This is a really complex situation which could go either way, I just feel that the odds are currently against a result which would be beneficial to shareholders.

Of course things can change and they could pull a rabbit out of the hat, thats why I have reduced my holding here rather than sell out completely.

It does seem as if there is a reluctance to put up the funds required, the question is why? Does anyone actually know how much rainmaker are asking for the remaining 10% stake in team internet? It could well be that this is where the problem lies. Matomy have failed to honour the original purchase agreement they had with rainmaker which means rainmaker could now decide they wont sell and in turn wrestle control of team internet for themselves. That scenario would explain why the mtmy bondholders haven't put up the necessary funds referred to in the proposed plan communicated in January.

If that is the case then matomy goes bust, rainmaker take control of team internet, and the story here is finished.

To be honest, I'm convinced that is what is happening. I've sold out 60% of my holding here on that basis, keeping a small number of shares on the off-chance that something special happens and the above situation doesn't play out.

Annual financial report RNS is out. Amidst the financials it reiterates that as yet no more progress has been made with the bondholder/rainmaker side of things.

Have to say I'm beginning to think this is going pear shaped, the business urgently needs capital and the delays are only going to be manageable for so long.

Think you are right Fox, already below 6p, I reckon it will fall to around 4p.

Probably just trying to generate trades, volume has been non existent, as was said below, everyone who wants in pre news appears to be in and are now sitting tight neither selling nor adding more. Once the RNS lands it'll be like a firework.

Looks like mms picking up auto orders to me.

My bet is another extension, I think we'd have seen more volume today if the deal was about to be announced.

Thats a good shout ironic. If the extra money isn't required in the end they can always buy back some shares.

Yeah, very quiet over on TASE too, calm before the storm hopefully.

Up 6.98% on TASE today with low volume in Israel but still very low volume here and no real buying going on. Let's see what tomorrow brings, if no RNS Thursday then there is a chance of news in Israel on Sunday, though I think if we don't get news on Thursday it will be another extension. If good things come to those that wait then we've certainly waited...

There's a lot of people who are trying to drive the price down, now I wonder why they'd be doing that. As I said the other day I think we'll be getting the FCA outcome soon and there may just be a few people who want in beforehand.

Hahahahha that's the only given!! Tbh the way a 1.5% rise gets him going I can't wait to see what a bag will do.

Either way there's been a lot of shares moving hands, wonder when we'll get our next rns? I reckon fca news might be with us sooner than expected.