Member Info for TheToilet

Sharepropets are not impressed with the latest placing.
https://www.*************.com/views/41148/mediazest-placing-announcement-contradictions-everywhere

They sum up;

"With its latest rubbish, financial position and track record, still a prime bargepole stock – avoid / sell."

It's a hilarious RNS. Under the heading "Reasons for the Placing" there are 2 paragraphs of explanations and excuses.
In reality they can sum the reason up in 1 sentence;

YET AGAIN WE'VE NO CASH LEFT!

And there it is. Placing of £110,000 at 0.1p
This barely solvent little company teeters from placing to placing.

They are blaming Brexit which is so convenient.

They must be just about out of cash by now as well! The threat of insolvency is an ever present with this company.

There are always "transformational" orders just round the corner. It must be the biggest corner in the world because we've yet to see any.

There was a big order announced about 10 years ago for the World Cup. By big I mean a million quid or so. But predictably they still posted a big loss.No doubt they said they'd do it cheaper than anyone else. Rememebr this company is about perception. It's all about raising money for the next 12 months wages I don't see how a tiny company like this can ever win a big order in such a competitive industry.

With the downturn in the high street and the likes of HMV in big trouble I confidently expect a big 2nd half loss. And remember the first half results were flattered by the inclusion of business that was expected to have been booked in the 2nd half of next year. This company will post a full year loss. It always does.

But don't worry. Things will be better next year!!

Rocka , Just read your previous posts so you're well up to speed on this. I

Can you post the link please?

You're making a mistake if you think Mediazest are in any way a technology company. Look at the balance sheet. There is negligible R&D capitalised. They take off the shelf list, like a big flat screen, and erect it in a shopping centre.

The countdown is on. Id be surrprised if they get a NOMAD. A cursory google search of the main shareholder, and debt holder, is going to throw up too many questions.

So they have 3 weeks to announce a new nomad
Will you lot still be holding if we go into the last week?

Im not optimistic.Google the name of the major shareholder. It does not look good. Any prospective new nomad will know there are questions to be answered.

Good point on HMV. In general its desperate times for the retail sector with shopping centres closing down and some household names in big trouble. MDZ can't escape this and I'm deeply concerned.

0.0725p now. I don't know if it is game over but it is beginning to feel like it.

"I do rate Abdul and feel he has a reputation in the market to maintain..... He was obviously with Mediazest in the past and contributed to some of their successes. "

ROFLOL. The company performed a lot worse than it is now when Abdool was involved.
Abdool's buying is indignificant if he is on even a 50K salary.

"There is no doubt this is a viable business.."

It just blows my mind anyone can post such drivel!

"I am thinking there is a lot of money to be made here."

Well there isn't. But you may get lucky buying the dips and selling the spikes if you get your timing right.

Abdool's buying is peanuts. Why does this guy suddenly get offered a job just after they post their 1st ever interim profit? The company has never even got near to making any money when he has been involved previously.

So Abdool buys 9 grand of shares and O'Neill buys 5 grand the shares rise 35%. I think the mms are playing a fast one here

If either of these 2 directors believed in this company they would buy meaningful amounts.

Yes O'Neill effectively has 20% of the shares but that is only half the story. His offshore vehicle CCCAL control the debt to such an extent they must write a letter every year to MDZ promising not to call it in over the next 12 months.
So they have this company completely by the balls. They can probably call the loan in and take it private if they wish.

RKBeeKeeper,
Respect to you for going to the AGM and asking questions. Not many shareholders do nowadays.

If you have further questions for Lance you could try emailing him at

lance.oneill@cccal.net

Read this.
http://www.epfshareholders.org/cccalDomainEmails.html

A guy who posts on another site straight out asked Lance O'Neill why a Lance O'Neill was the registrant of the CCCAL.NET domain name. O'Neill told him he "manages" investments for CCCAL. Soon after a Tony Haywood became the registrant of CCCAL.NET. A Tony Haywood is noted as a fellow director of a Lance O'Neill of a now defunct company around the year 2000.

Until MDZ release an RNS stating the current and historic shareholder register of CCCAL then MDZ is uninvestible. You've offshore money coming in. Where did this money come from in the first place?

Why doesn't O'Neill come clean on the ownership of the offshore company CCCAL? A company that is the biggest shareholder in MDZ and the biggest debt-holder? A company, domiciled no-one knows where, that completely controls MDZ.

It's no secet why the interest rate on the CCCAL debt is so high. It's 99% certain Lance O'Neill and CCCAL are the same. Lance O'Neill was the registrant of the CCCAL.NET domain name of pete's sake. The registrant name was swiftly changed to a Tony Haywood when O'Neill was challenged on this.

Both Lance and CEO Robertson have seen their salaries rise 20% this year despite the trail of financial carnage this stock has inflicted on shareholders since IPO. There are winners here but they are not shareholders.

The outlook statement reads like a warning that things are deteriorating.

I'm expecting MDZ to post a full year loss.
They admit this £90,000 profit at the half way stage is due to deferred contracts from last year. Does anyone really think they can maintain this in the 2nd half? No chance.