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PTV Peertv

2.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Peertv LSE:PTV London Ordinary Share GB00BYZ9Z481 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.00 GBX

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Date Time Title Posts
04/6/201619:07Peer TV focuses on end-to-end Smart TV solutions4,135
20/10/201522:23ptv bod dirty fucking arabs1
20/10/201522:22ptv shorting 1
20/10/201522:21ptv wilcox1
20/10/201522:21ptv insider trading1

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Peertv (PTV) Top Chat Posts

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Posted at 26/1/2016 16:49 by the stigologist
more confetti

1.4p

Loan Conversion & Equity Issue

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that it has issued 1,580,711 Ordinary shares at a price of 1.4871 pence per share to YA Global SPV Limited being a further conversion of principle of £22,527 and payment of accrued interest of £980 under the Convertible Note Facility announced on 10th February 2015.

Under the terms of the Convertible Loan Facility the Conversion price is 90% of the lowest Volume Weighted Average Price (VWAP) during the ten consecutive Trading Days immediately prior to the Conversion Date.

Application has been made for the new shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 2 February 2016 ("Admission").

Following Admission, the Company will have in issue 17,293,031 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 17,293,031. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
Posted at 15/12/2015 16:08 by bozzy_s
Most will probably lose money trying to trade this. But some will make a profit. It still has a teeny tiny market cap of £172k, and I imagine shares quite easy to buy due to ongoing death-spiral financing / forward selling associated with that.

I guess it's a question of timing between placings. Maybe time to buy for a high-risk speculative punt is just after YA Global Master have dumped their latest placing shares, and just before it is announced via holding-in-company RNS. For example they ditched their latest placing shares yesterday, but it wasn't announced to market until 12.28 today. I'd guess there was a sign when they'd cleared yesterday, such as change in online buy/sell limits, sudden jump in quoted share price.

Best of luck to punters / gamblers who do this. It's certainly not something I'd want to be locked in for any period of time given the company's history (54 placings since coming to market 4 years ago, lifetime losses of >$30m, share price decline of >99.999%).
Posted at 12/11/2015 17:09 by bozzy_s
Looks like my 5p guestimate refinancing price won't happen. It felt a bit extreme, on the low side, given the shares were 25p at the time. Turns out it was overly optimistic.

PTV - again managing to sink below even the lowest share price predictions.

That theoretical million pounds 'invested' in PTV just after it listed, around 3 years ago, is now worth £2.94!

Perhaps more strikingly is a million pounds gambled last Monday is now worth £142k. Extraordinary.

Stig's post 3861 is a clearer and quicker way of describing the above.

People finally getting the message, taking a minute to look at the company's past (non) performance, it's P&L history and it's current balance sheet. Anyone buying PTV, at any price, whether as a day trade or investment, is absolutely barking mad!
Posted at 29/10/2015 16:09 by twodegrees
I have just spotted a clanger... re the below they quote Nov 15th 2015....but we are in October.... secondly the new shares they mention for the 4th would be issued after the consolidation if it goes through therefore are they going to be be issuing far more shares again even after consolidation

i
The Company announces today that it proposes to undertake a Share Consolidation of 1 new ordinary share for every 1,000 Ordinary Shares, with the fractional entitlements arising from the Share Consolidation being aggregated and sold in the market and for the benefit of the Company. Following the Share Consolidation, Shareholders will still hold the same proportion of the Company's ordinary share capital as before the Share Consolidation (save in respect of fractional entitlements and subject to any further issue of shares). The new ordinary shares will carry equivalent rights under the Articles to the Ordinary Shares.

The Share Consolidation is conditional, inter alia, upon the passing by Shareholders of ordinary resolutions at a General Meeting which will be held at 3.00 p.m. on 02 November 2015 at the offices of Edwin Coe LLP, 2 Stone Buildings, Lincoln's Inn, London WC2A 3TH.

The circular, containing the letter from the Chairman which is set out below, relating to the Share Consolidation containing the notice of the General Meeting (the "Circular") will be posted to Shareholders today. The Circular will soon be available to view on the Company's website

Application will be made to the London Stock Exchange for the new ordinary shares arising out of the Share Consolidation to be admitted to trading on AIM ("Admission"). On the assumption that, inter alia, the Resolution in the notice of General Meeting is passed at the General Meeting, it is expected that Admission will become effective on 03 November 2015.

As at 15 November 2015, the Company had 1,873,487,420 Ordinary Shares in issue. If the number of issued Ordinary Shares remains unchanged in the period prior to the Share Consolidation (and ignoring the effects of fractional entitlements), immediately following Admission, the Company would have 1,873,487 new ordinary shares in issue, with each share carrying the right to one vote. No shares are held in treasury. Therefore, the total number of voting rights in the Company would be 1,873,487. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
Posted at 29/10/2015 10:17 by the stigologist
here you go mugs

have a few more gazillion shares

PeerTV plc (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market, and PCB (printed circuit board) production solutions announces that it has issued 492,610,837 Ordinary shares at a price of 0.0215 pence per share to YA Global SPV Limited ("YAG") being a further net drawdown of £105,874 under the Standby Equity Distribution Agreement announced on 30th July 2014.

The Advance Notice in respect of this drawdown was announced on 20th October 2015. In view of the increased share price of the Company YAG agreed to increase the amount from £89,000 and to cut short the pricing period.

Application has been made for the New Shares to be admitted to trading on AIM and admission is expected to occur at 8:00am on 3rd November 2015 ("Admission").

Following Admission, the Company will have in issue 2,871,961,878 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 2,871,961,878. This figure may be used by Shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company. These figures ignore the possible effect on the number of shares in issue if shareholders approve the proposed share consolidation on 02 November 2015.
Posted at 15/10/2015 15:58 by bozzy_s
Check out my post on director salaries at PTV (#3494)

In each year the company made a net loss, and, astonishingly, a gross loss. Can't remember anyone ever doing that before, whether a plc, a limited company, a partnership or a sole trader (back in my accountancy days). Never seen 4 consecutive years of gross losses.

To 'achieve' that is to effectively buy a load of laptops in PC World for 300 pounds each, and flog 'em on Ebay for 200.

And the directors rewarded this performance by paying themselves:

2011: $386,000

2012: $365,000

2013: Unknown (error on PTV's corporate website shows 2013 interims twice, no final results with note of director earnings)

2014: $332,000

2015: TBC


This doesn't include share options, related party transactions, etc where directors may have earned loan interest for example.

Whilst the directors have earned a combined $1.6m approximately, shareholders have seen the share price drop from 1200p to 0.015p, a fall of 1199.985p or 99.999%.

An investment of £10,000 in 2011 is today worth 12 pence.

This shares a special place with PAA - which also has a horrendous history of loss making and endless placings. PAA's share price dropped from approx 8 billion pence equivalent in 2000 to 12p today. But I think there were share consolidations along the way to explain that drop of 99.9999999%.

And despite this history of total destruction, there are still one or two fools who'll happily buy either stock. Absolutely crazy in the head!
Posted at 09/10/2015 20:01 by bozzy_s
CSS Alpha got it right - in and out in a flash, take advantage of fools who buy on impulse, look only at mkt cap / free float and assume it's ripe for a 1000% in a week type rise. It might do that, but it might be after another 99% is wiped off the share price

The 20m and 25m trades yesterday were therefore buys (it seems very unlikely that anyone would've been able to sell that volume at mid price). Hyped and ramped today, CSS decided they'd had enough, can't risk holding for more than a day.

I mentioned yesterday someone must have made a fortune out of PTV's listing (in 5 years they have spent about $40m of shareholders' funds). CSS apparently the latest beneficiary of hot/stupid money.

Since January 2012 the number of shares in issue has risen from approx 0.04 billion to approx 1.45 billion. To increase from 1.45bn to 31.5bn (to repay net liabilities at yesterday's price) would be a much smaller multiple than has already happened in 3 years.

Since January 2012 the company has RNS'd 'issue of equity' or 'issue of shares' no fewer than 54 times, whether raising cash or debt-for-equity swap to settle with creditors! The overall result of those 54 placings, the 1.41 billion new shares, has been less than zero. Net liabilities actually increased from $0.6m to $5.6m!!!!

So even if they do settle existing creditors by issuing 30 billion new shares, history tells us shareholders' funds will likely be further reduced from negative $5.6m.


Seems PTV's NOMAD / Broker have also made plenty from their listing. Only ones who haven't profited, it seems, are shareholders. Wonder if they'll wring a few quid out of a 55th placing in 3 years? Presumably would have to be different 'investors' to those who bought before? £2000 invested in Jan-12 is today worth a penny. A theoretical £1m invested then is now worth a fiver!

Where is the money going? Who's getting rich off the back of PTV's listing?
Posted at 07/10/2015 17:16 by sunnyboy25
It looks like the game is over for my "investment" here....yet I feel the mcap doesn't reflect even our Speech shareholding...thanks to lack of updates & transparency by the company we are there, where we are....

IMHO CEO hasn't done anything to stop the continious share price drop, his decisions enhanced it really (dilution)...-95+% to share price since he took over...in this circumstances...why there still no call for EGM by large shareholders to question our current position is beyond me...what are you waiting for?
Posted at 28/9/2015 11:02 by sunnyboy25
IMHO if we sold our SMLH shareholding long ago:

no need to draw from YA/CSS for some time ==> no further dilution hence share supply is finite.. ==> higher price if any buying is happening with or without news ==> higher share price base in case any placement required in the future...?

Also why a Convertible Loan Facility was a preferred option to an ONE TIME discount placement (e.g. 20%) at share price x10++ the current one?

I would like to ask our BoD...why do we have our share price -95% since the "turnaround plan"?
Posted at 22/9/2015 14:16 by sunnyboy25
The company is valued now circa £0.3 million.

Mid May (Turnaround plan) I believe the Mcap was circa £1 million if not more...

Since then we had:

- equity issued for CASH

- new orders RNS etc

- market update with sales orders UP



HOWEVER

The share price drops almost every day (SP dropped 90+% since turnaround plan) yet there is no comment / announcement from CEO & BoD.

From 23 June RNS:

"50,000,000 Ordinary shares at a price of 0.20 pence per share to Fidelity Venture Capital Limited as a subscription for cash."



WHERE IS A HOLDING RNS?

I don't know what to say really...it's very very strange...SP manipulation / share price control comes to mind....perhaps FCA should look into this?
Peertv share price data is direct from the London Stock Exchange

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