Mobilewave Share Discussion Threads

[sean caruana] 05/6/2013 14:37

I might be clutching at straws but Rory was based in Hong Kong which already has a Newgate office. See today's news from ptcm below post 6226, could this be one of the complex series of transactions? GLA


Acta_topup
3 Oct'12 - 17:53 - 6226 of 8530 0 0

I intend to. You can voice your displeasure at the AGM gecko. But I know for a fact that Rory is doing everything possible to secure the funding that the company needs one way or another. It has been a bloody difficult year here but only 2 weeks ago he stated to me that he was 90% sure that the CPS funding would be received, he just couldn't give a date. And having met the guy and spoken to him on countless occasions I can say that I believe him. We just have to wait for the Singaporean transaction to complete so that the money can be released.



Newgate hires former KGA managing partner Terence Foo to launch Singapore office

Alec Mattinson, prweek.com, Wednesday, 05 June 2013, 11:08am, Be the first to comment

Newgate Communications has brought in former Kreab Gavin Anderson managing partner Terence Foo to open a new Singapore office.


Singapore: Newgate opens new office


The Porta Communciations-owned firm has opened its second Asain office, which will have an initial team of six consultants, following its establishment of a Hong Kong business in January.

Foo joins the agency alongside former KGA contemporaries Fergus Wylie, Porta Communications' director of international development, and Richard Barton, Newgate managing partner and leader of its Hong Kong office.

Foo had been at KGA's Singapore business for 13 years before leaving in December alongside a number of senior exits from the agency.

David Wright, CEO of Porta Communications said: 'The opening of our Singapore office is an important development in Newgate's growth strategy, following on from Hong Kong earlier in the year. We are now present in two of the key financial and commercial hubs in Asia, supported by an impressive affiliate network.'

The Singapore office will provide services across corporate comms, capital markets transaction comms, investor relations and public affairs.

Foo, who will be a managing partner of Newgate, commented: 'Newgate is one the fastest growing communications consultancies, with a client service ethos and global ambition that matches our own.

'Our Singapore team consists of some of the most seasoned and well-connected public relations practitioners in this market. We will be able to offer clients the benefit of our broad-ranging experiences, as well as a singular focus on providing the highest levels of service and advice. I believe this will be an unrivalled offering in this market.'

Newgate was launched by AIM-listed Porta in September 2011 and now has offices in London, Edinburgh, Brussels, Frankfurt, Singapore and Hong Kong.

[koorb] 31/5/2013 09:50

Buy more acta acta...

[encarter] 31/5/2013 09:44

Post 2532.

[moreforus] 30/5/2013 16:17

yep JonC - but he has to have access to someone willing to sell him 51%!

he can have my shares for 7p!! (each not the lot although i might take 7p for the lot if this was never to come back as that is a whole 3 bits of hubba bubba!)

[jonc] 30/5/2013 16:15

It would be cheaper for Narang to buy the Company than settle the debt!!!

[bobby.ifa] 30/5/2013 16:12

Wouldn't surprize me if Narang was part of the Asian group!

[sean caruana] 30/5/2013 16:09

Obviously a lot more is happening behind the scenes, it's up to those invested to research Rory properly and ask yourself why has he spent so much time and effort trying to secure the funding. I can't understand why Narang has not been mentioned, very strange indeed.

[jonc] 30/5/2013 15:57

I still see no reason why any sane investor would pump $2m or whatever into a company with no business no assets and a load of debt.

It doesn't make sense.

[sean caruana] 30/5/2013 15:44

Thinking the same moz8, we should all be experts with regards to patience.

[moz8] 30/5/2013 15:38

Patience. We all may be rewarded.

Sounds like they have other plans..

[sean caruana] 30/5/2013 15:23

Not sure of its significance but in all the other RNS's they refer to an Asian based investor and even mentioned Rory assisting the investor. However, this RNS states Asian investor group.

[koorb] 30/5/2013 15:05

If MBW are looking at strategic options, what do the Asians think they're investing in - a cashed up shell or are Ariose still hanging around?

[moreforus] 30/5/2013 15:02

well June is shortly but sadly its another 31 days until the next update

[sean caruana] 30/5/2013 15:01

And they sneaked in shortly lol

[moreforus] 30/5/2013 14:59

ooops yes they do

JUNE!!!!!!!!!!!!

[moreforus] 30/5/2013 14:58

rns is here

i did say...no date even given now


Mobilewave Group PLC Update on Financing
Print
Alert
TIDMMBW

RNS Number : 9255F

Mobilewave Group PLC

30 May 2013

30 May 2013

MobileWave Group PLC

("MobileWave" or the "Company")

Update on Financing

The Board of MobileWave has been advised that the transaction, disclosed to shareholders on 30 April, is proceeding and that the Asian based investment group expect to make the investment into the Company in June 2013. As mentioned previously, the funding arrangement is dependent on a complex series of transactions which require a number of variables to be completed. The Board is frustrated that its expectations to announce firm funding have been delayed but remain confident of being in a position to make a positive statement shortly. Until the investment into the Company has been made, the Directors believe it is prudent that trading in the Company's shares remain suspended.

The Board, in consultation with the Company's advisors, continue to explore a range of strategic options for MobileWave, all of which are dependent on receiving new funding. Shareholders will be kept appropriately informed as these options develop.

For further information, please contact:

MobileWave Group plc

Rory Stear, Chairman ([e-mail])

Charles Stanley Securities, nominated adviser and broker:

Dugald J Carlean / Carl Holmes 020 7149 6000

This information is provided by RNS

The company news service from the London Stock Exchange

[moreforus] 29/5/2013 17:34

If they got the money in the bag then the stock would be unsuspended straight away.... Regular end of month updates give another target to miss! Of course they should let us know immediately if the deal has finally died a death and not wait until the end of the month...