MUL - Multimedia (not yet
edited):
Total Shares Issued:
1,140,605,652 (Very high - will impact
liquidity)
1) Price:
Reached .006c April 2003 so
there could be long term holders out there who could
afford to go close to this and still be in
front.
Also, has only been
travelling in the 6-12c range since around September2003
so there is some danger from those who bought well under
these prices between Feb02 and Aug03, however; one would
think if they were going to get out, they'd have already
taken advantage of recent increases SO my best guess is
there would be some stability/support around
6c.
2) 10.2.04 announcement -
new issue: 1M shares are payment for consulting
services
3) 14.1.04 - significant
contract signed with Airworks on behalf of major
Airworks client, Woolworths - conditional on certain
commercial criteria - based on satellite broadbank to
700 Woolies stores - includes additional hardware sales
opportunites - hailed as vote of confidence in NewSat
solution which went live Oct03 (could be commercial
criteria have been met so the build up could be related
to this announcement)
4) Director share purchase:
Clinton Starr 20/1/04 - disposed 802,809 for $47,595 in
January, 6/2/04 - disposed 2.5M for $209,668 in Feb,
shares remaining 25.5M, so disposal did not represent a
large percentage of his total holding but an opportunity
to take advantage of increased share price.
5) 6.1.04 - USA Dept of
Defence now live in Iraq - opening of Middle
Eastern/African NSS6 beam - first customer US Dept of
Defence went 'live' - successfully implemented a hub
that enables broadband to over 30 countries -
Multimedia's Newcastle based space facility is
considered to be one of the most advanced VSAT
communications Hubs in the world with both the Aust and
middle eastern services operating
simultaneously
6) 16.12.03 - two tranches
of options were issued a) 35M @ 10.5c b) 55M @ 8.75c
(exp 1.12.08) were allocated
7) Change of Directors
Interest Notice: 4.12.03 - John Walker - acquired 83,333
$5K, sold 25,000 $2.5K - held after change
643,333
8) Change of Directors
Interest Notice: 4.12.03 - Adrian Ballintine - acquired
166,666 $10K - held after change 31,008,976
So far, with the exception
of number of shares and number of options on issue in
terms of liquidity, all very, very
positive.
9) 3.12.03 - allocation of
shares as result of SPP (share purchase plan) - a)
249,999 @ 6c and b) 15385 @ 6.5c
10) More director share
change announcements - not yet viewed
11) 13.1.03 - delivers
broadband - WaveCall, the world's leading provider of
Maritime Satellite Voice and Data Services has selected
Multimedia's NewSat services to exclusively deliver
broadband to ships at sea within Aust coastal waters
utilizing SeaTel's state of the art antenna system.
Service available during first quarter
2004.
12) 14.11.03 - Chairman's
address to shareholders: very positive - refers to VSAT
as having extraordinary potential
13) 1.10.03 - full year
accounts $16,027,818 net loss in 2002 was quite high but
was reduced by 30 June 2003 to $5,623,809. As at 30.9.03
company had liquid funds of $1,696,375. Events
subsequent - $4.25M capital raised through clients
introduced by Findlay & Co Stockbrokers. Reduced
costs, supplier relationships improved and broadened.
Director's shares as at 30.6.02 - 63,483,977. Total
liabilities were $7,264,224 and without recent
financials it is difficult to ascertain current revenue,
debt, (and possibly profit) levels.
The wise and cautious would
wait for release of financials before committing. This
does not mean that everyone will wait for this as a look
at the buyer volume tells us that there is anticipation
in the air. Perhaps an anticipation of a half-year
report.
A) Suffice to say the
release of positive/optimistic financials would push
this higher. Loads of potential if they keep up this
progress.
B) Providing cash burn is
OK, debt has remained stable or has been decreased, and
sales are continuing to come in, it should remain
relatively stable but this would depend on market
sentiment, i.e.; it appears the market is anticipating
good news. Because Mr Market is very sensitive, he
doesn't like it when his expectations have not been met.
This could cause some volatility, which is a higher risk
when liquidity is an issue due to higher total share
volumes.
C) Anything outcome other
than A) or B) is likely to cause a sell
off.
Regards,
Cris
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