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Its another loss. No matter how they try an argue otherwise.

Agree its not a real profit.

How can it be a profit when the net asset value has reduced from £1,821,000 to £1,819,000

So IPOed 15 years ago and countless placings later, they finally announced a profit.....Of 6 Grand!! ROFLOL.

As I've pointed out previously this company is being valued at a fraction of the current share price by the other Lance O'Neill company, EP&F. Correctly so imo. You need to take account of the £1m in net current liabilities when trying to value this business. Note Im using the word "business" in its loosest possible sense. So is it significantly overvalued? Of course it is. This is no bargain.

Yet another BS trading update out this morning.
Shareholders, or potential shareholders, can infer less than nothing from it. However as a long term watcher I'll assume it means they are still losing money and a placing is on the cards at some point this year.

Exactly. In fact in my opinion the chances of delisting are now high because I'm now almost certain it is only insiders subscribing to the placings. If that is the case why do they need the listing at all? They can save perhaps 100 grand per annum by removing listing costs.The company is not viable IMO.

This company is a joke and you are going to lose all your money. As a shareholder all you have to look forward to is continual losses and continual share dilution.

This stock belongs in the toilet.

There's nothing else I can say.

The latest placees are already sitting on a 20% paper loss. Not bad going. And not much to look forward to either given the outlook statement.

I really would love to know who is contributing to these placings. I mean it would be hard to find a more unattractive investment. The only logical conclusion I can come up with is vested interests. I don't believe any independent 3rd party would subscribe for shares in this effort. We know Lance is taking 60 grand a year so it makes perfect sense for him to contribute £10K in the placing if it helps keep the company solvent.So maybe other employees are doing the same? Or maybe there are other offshore companies, owned by the directors, subscribing.

I still rate the equity here as worth zero. The financial liabilities are a million quid and wipe out any value int the shares of this perenially loss making effort IMO.

DYOR

Its almost like these buyers haven't done the slightest bit of research in the company's true ownership. Why would anyone take a stake here knowing O'Neill/CCCAL control the company and can call in a loan that will sink the company. Surreal.

History would advise you to completely ignore news, and the value of, of new contract wins. They are completely misleading. The problem is they need sizable contract wins every year just to keep standing still. Recurring revenues are only £0.7M. And we have no idea if any of these contracts are going to result in a profit.

Im amazed these shares have held up so well today. An extraordinary share price performance.

Exactly. The 10 grands worth of shares Lance bought in the placing were effectively a gift. He received a 10 grand pay rise (20%). Remember Lance is a part time non-exec with multiple directorships. Why he was given a pay rise is a mystery given the total value destruction that has occurred since he has been present at this company.

Does the new 6% holder know CCCAL can call in their loan soon? Every year CCCAL (almost certainly aka director Lance O'Neill) must pen a letter primising not to call in their loan for another months. I can only assume InurFace haven't bothered to read the company accounts! They've also not spent 10 minutues googling CCCAL. If they had they'd know this is completely uninvestible.

You mean O'Neill. Recall he was given a 20% pay rise last year.That pays for the pathetic 10 grands worth of shares he bought in the placing.

O'Neill has presided over a 99.8% reduction in share value since IPO. He's a non exec with multiple directorships. This is a part time job for him. Probably spends a day a week on it. Do you think he deserves 60 grand a year for his achievements with MDZ so far?

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?