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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