It is quite amazing13 Dec 2015 11:52
This company is still going. For those not understanding the business model it's almost like they floated with the intention of paying themselves wages for so long as they could keep issuing stock. If I had a business where I paid £100 for the product then sold it for £90 I would stop simply because I'm either stupid or very rich to continue to do this. In the case of PTV they do 20-30 placings every year and for some very strange reason punters love this dog. It's bust/insolvent/skint whatever word you use to describe it. It represents the whole reason why AIM has a bad name. Aim should step in and say enough is enough you have took the mick too long now there is no intention of making money for shareholders and pull the plug and then they might start building a better reputation, the same reputation that has been crushed in the last 6 months and caused a sell off everywhere. People are sick of AIM stocks taking the mick with their funding miles under current shareprices. I think a good starting point for AIM is to get rid of PTV, MTV, RRR and GSR and I'm sure there is 100's more stocks that have zero chance of delivering but will still milk their salaries through constant placings. Go and read the balance sheet here you do not need a degree in accounts on this company !