Share Name Share Symbol Market Type Share ISIN Share Description
Yoomedia Plc LSE:YOO London Ordinary Share GB00B29WFV68 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 126.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

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DateSubject
25/9/2016
09:20
Yoomedia Daily Update: Yoomedia Plc is listed in the Unknown sector of the London Stock Exchange with ticker YOO. The last closing price for Yoomedia was 126.50p.
Yoomedia Plc has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 0 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Yoomedia Plc is £0.
20/12/2007
15:57
ianwest: this mailed to the FSA, using the template posted by Ernest Scribbler on i i i but tidied up a bit and with my own postscript... I would urge everyone to send an email to the FSA. It will take moments, and if we all put 'Yoomedia' in the subject line it may catch someone's eye. Don't let the lying, fraudulent, criminal scum who have cost so many so much money get away with it - DO SOMETHING!!! FCC@FSA.GOV.UK ------------- Dear Sir Certain Directors of Yoomedia have agreed to defer amounts of salary and fees due to them. They have now agreed to waive certain amounts and accept part of outstanding net salaries and fees through the proposed issue of New Ordinary Shares at a price of £1.0962 per New Ordinary Share. It is proposed that this should be done as part of the Proposals, as detailed below: Director Outstanding Sum (£) No. of New Ordinary Shares Dr Michael Sinclair £250,000 228,061 Neil MacDonald £22,500 20,525 John Swingewood £50,000 45,612 Jeremy Fenn £15,000 13,684 Under AIM Rule 13 the proposed Directors' Fee Capitalisation in relation to Dr Michael Sinclair, Chairman, is a related-party transaction. The Directors, save for Dr Michael Sinclair consider, having consulted with Seymour Pierce Limited, that the terms of the transaction are fair and reasonable in so far as Shareholders are concerned. However shareholder concerns are that this is not 'fair and reasonable' since the offer we are getting is going to be a 1000 to 1 share dilution which has driven the market share price down to 0.1p leaving many investors virtually wiped out. How can this be allowed, Yoomedia were consistently promising growth and all the time it slipped further into debt. As a shareholder I am frustrated that the directors of Yoomedia have taken my money and then will form a new company placed at a price that means for each of my new £1 shares would need to become £500 for me to recover my loses. Please confirm you have recieved this email - and what your investigations uncover. There is a very strong suspicion among shareholders that YOOmedia company officers have deliberately (or negligently) misrepresented the company's position to shareholders over a period of years. Find below an email composed by myself and Dan Miller, another shareholder, to Michael Sinbclair at Yoomedia outlining our concerns and detailing where we think his statements have been inaccurate. It speaks volumes that we have not to date had a reply. I expect action to be taken and I look forward to your response. Yours faithfully, Ian West ---------------- [email message composed by Ian West and Dan Miller and sent to Michael Sinclair at Yoomedia September 5th 2007] Dear Mr Sinclair I am writing to you as a Yoomedia shareholder – I purchased £10,000 worth of YOO shares at 50p towards the end of 2004. After an initial spike shortly after I bought, the Yoomedia share price has declined in pretty much a straight line until it has reached its current sorry state sub-1p. I have many times been tempted to sell, but have always been encouraged by statements coming from yourself and Yoomedia management that a recovery was under way or was just around the corner. I thought it might be useful here to outline some of those statements, to remind you of what you have said in the past about Yoomedia. * In May 2003, the company having completed a fundraising, you stated you 'believed' the company had enough funds to see it through to profitability. Yoomedia proceeded to carry out further fundraising activities in August, September and October of that year. I stupidly believed this would provide enough funds moving forward. * In Q2 2005 you stated you 'believed' that the company would be EBITDA+ in Q3 of that year. When it didn't happen, you announced that you 'believed' the company would be EBITDA+ in Q4 of that year. Then Q1 of 2006. * In May 2006 you stated that you 'believed' Yoomedia would be EBITDA+ by year-end. At about the same time Group Managing Director Neil MacDonald stated that Yoomedia was on the 'cusp' of profitability. * You have just called the third EGM since September 2006, to be held on 19th of this month. You still have authority remaining from the last EGM to issue another 112.5m shares (authority to issue 200m shares less the 87.5m you have actually issued) and yet already you want authority to raise _another_ £5m – without even deigning to tell shareholders what you want to do with the money. * It is probably worth observing that so far, collectively, Yoomedia management has raised some £77m in funds – to end up with a company which, as I write, has a market cap of £8.43m. And now you want to raise _more_ money, with yet _more_ dilution for existing shareholders? Following the latest EGM announcement, and the news that the Avenues dating division has been placed into administration (profitable when bought, 3 years later put into administration!), I have now decided that enough is enough. My original stake is now worth £200 – you have destroyed 98% of the value of my investment - more, taking the spread into account. This is one turkey at least that has had enough of voting for Christmas. I long ago ceased to have any confidence in your judgement or abilities but held on in the hope that I was wrong and a turnaround would materialise. I realise now that my first instinct was right – that you are either fraudulent, negligent or utterly clueless without the first idea of what is going on inside your own company. I will be voting at the EGM against whatever motion you propose: I would far rather see Yoomedia finally go bust – and its shareholders put out of their considerable and protracted misery – than I would see you continue to be rewarded for delivering nothing but consistent failure. You are trying to persuade us now that car parking payments are Yoomedia's future and the Next Big Thing – but shareholders have heard this all before, many times. There have been a considerable number of Next Big Things, none of which have ever delivered. I notice, incidentally, that in the EGM announcement there was no commitment by management to buy any of the hundreds of millions of new shares you plan to issue. You collectively seem perfectly happy to award yourselves share _options_ (26m options awarded at 1.85p just before Christmas 2006 – now well under water), but not to put your money where your mouth is. The obvious point to ask, Mr Sinclair, is this: if you do not even have the confidence in Yoomedia's future to buy shares, why should anyone else? You once said, you will recall, that it was your ambition to turn Yoomedia into a global media player. So why, as Chairman, do you not then want to own as much as possible of it? And if your ambition has changed, shouldn't shareholders be told? One really doesn't have to dig too deep or read for too long to find glaring examples of Yoomedia staff's total incompetence. For example, in the final results, issued on 29th June this year, section 9, the company stated this: "On 24 January 2007, YooMedia plc launched a new free, fully functioning online dating service - letsdateforfree.com. This launch been prompted by the growth in popularity of social networking sites such as MySpace and Facebox" Facebox? FACEBOX? Yoomedia is a company operating in the new media sector, and yet it cannot even get right the name of one of the largest and fastest-growing social networking sites ON THE PLANET! FaceBOOK has been all over the media for six months or more now – does anyone at Yoomedia read the press, Mr Sinclair? I could go on, but there seems little point. It seems clear to me now that you have for years been misrepresenting Yoomedia's position and prospects and that Yoomedia is largely composed of delusional incompetents whose 'beliefs' are not worth the energy it takes to speak or write them. I note further that at no time has any member of the management team offered to forgo wages until specified KPIs (EBITDA/cashflow/profitability etc) are met – whatever the share price, you always get paid. (I note, incidentally, that an Anick Sinclair is employed by Yoomedia as Head of PR. Your wife perhaps, Mr Sinclair? Presumably you've always made sure that she has been paid too?) Whether such misrepresentations have been fraudulent, negligent or merely incompetent I have, of course, no way of knowing. However, in my opinion you are an absolute disgrace, a mercifully rare combination of arrogance and incompetence which I hope I never again encounter in any company where I invest. And when Yoomedia goes bust – and it seems now only a question of time: too much debt, way too many shares in issue, too uncertain a business plan – I will wholeheartedly support and join in any moves to launch a class action suit against you personally alleging negligent (or, in the alternative, fraudulent) misrepresentation. You seem to think you can get away with endless failure – that may yet prove to be your most costly delusion. Yours disgustedly Dan Miller
20/12/2007
14:04
ianwest: this mailed to the FSA, using the template posted by Ernest Scribbler on i i i but tidied up a bit and with my own postscript... I would urge everyone to send an email to the FSA. It will take moments, and if we all put 'Yoomedia' in the subject line it may catch someone's eye. Don't let the lying, fraudulent, criminal scum who have cost so many so much money get away with it - DO SOMETHING!!! FCC@FSA.GOV.UK ------------- Dear Sir Certain Directors of Yoomedia have agreed to defer amounts of salary and fees due to them. They have now agreed to waive certain amounts and accept part of outstanding net salaries and fees through the proposed issue of New Ordinary Shares at a price of £1.0962 per New Ordinary Share. It is proposed that this should be done as part of the Proposals, as detailed below: Director Outstanding Sum (£) No. of New Ordinary Shares Dr Michael Sinclair £250,000 228,061 Neil MacDonald £22,500 20,525 John Swingewood £50,000 45,612 Jeremy Fenn £15,000 13,684 Under AIM Rule 13 the proposed Directors' Fee Capitalisation in relation to Dr Michael Sinclair, Chairman, is a related-party transaction. The Directors, save for Dr Michael Sinclair consider, having consulted with Seymour Pierce Limited, that the terms of the transaction are fair and reasonable in so far as Shareholders are concerned. However shareholder concerns are that this is not 'fair and reasonable' since the offer we are getting is going to be a 1000 to 1 share dilution which has driven the market share price down to 0.1p leaving many investors virtually wiped out. How can this be allowed, Yoomedia were consistently promising growth and all the time it slipped further into debt. As a shareholder I am frustrated that the directors of Yoomedia have taken my money and then will form a new company placed at a price that means for each of my new £1 shares would need to become £500 for me to recover my loses. Please confirm you have recieved this email - and what your investigations uncover. There is a very strong suspicion among shareholders that YOOmedia company officers have deliberately (or negligently) misrepresented the company's position to shareholders over a period of years. Find below an email composed by myself and Dan Miller, another shareholder, to Michael Sinbclair at Yoomedia outlining our concerns and detailing where we think his statements have been inaccurate. It speaks volumes that we have not to date had a reply. I expect action to be taken and I look forward to your response. Yours faithfully, Ian West ---------------- [email message composed by Ian West and Dan Miller and sent to Michael Sinclair at Yoomedia September 5th 2007] Dear Mr Sinclair I am writing to you as a Yoomedia shareholder – I purchased £10,000 worth of YOO shares at 50p towards the end of 2004. After an initial spike shortly after I bought, the Yoomedia share price has declined in pretty much a straight line until it has reached its current sorry state sub-1p. I have many times been tempted to sell, but have always been encouraged by statements coming from yourself and Yoomedia management that a recovery was under way or was just around the corner. I thought it might be useful here to outline some of those statements, to remind you of what you have said in the past about Yoomedia. * In May 2003, the company having completed a fundraising, you stated you 'believed' the company had enough funds to see it through to profitability. Yoomedia proceeded to carry out further fundraising activities in August, September and October of that year. I stupidly believed this would provide enough funds moving forward. * In Q2 2005 you stated you 'believed' that the company would be EBITDA+ in Q3 of that year. When it didn't happen, you announced that you 'believed' the company would be EBITDA+ in Q4 of that year. Then Q1 of 2006. * In May 2006 you stated that you 'believed' Yoomedia would be EBITDA+ by year-end. At about the same time Group Managing Director Neil MacDonald stated that Yoomedia was on the 'cusp' of profitability. * You have just called the third EGM since September 2006, to be held on 19th of this month. You still have authority remaining from the last EGM to issue another 112.5m shares (authority to issue 200m shares less the 87.5m you have actually issued) and yet already you want authority to raise _another_ £5m – without even deigning to tell shareholders what you want to do with the money. * It is probably worth observing that so far, collectively, Yoomedia management has raised some £77m in funds – to end up with a company which, as I write, has a market cap of £8.43m. And now you want to raise _more_ money, with yet _more_ dilution for existing shareholders? Following the latest EGM announcement, and the news that the Avenues dating division has been placed into administration (profitable when bought, 3 years later put into administration!), I have now decided that enough is enough. My original stake is now worth £200 – you have destroyed 98% of the value of my investment - more, taking the spread into account. This is one turkey at least that has had enough of voting for Christmas. I long ago ceased to have any confidence in your judgement or abilities but held on in the hope that I was wrong and a turnaround would materialise. I realise now that my first instinct was right – that you are either fraudulent, negligent or utterly clueless without the first idea of what is going on inside your own company. I will be voting at the EGM against whatever motion you propose: I would far rather see Yoomedia finally go bust – and its shareholders put out of their considerable and protracted misery – than I would see you continue to be rewarded for delivering nothing but consistent failure. You are trying to persuade us now that car parking payments are Yoomedia's future and the Next Big Thing – but shareholders have heard this all before, many times. There have been a considerable number of Next Big Things, none of which have ever delivered. I notice, incidentally, that in the EGM announcement there was no commitment by management to buy any of the hundreds of millions of new shares you plan to issue. You collectively seem perfectly happy to award yourselves share _options_ (26m options awarded at 1.85p just before Christmas 2006 – now well under water), but not to put your money where your mouth is. The obvious point to ask, Mr Sinclair, is this: if you do not even have the confidence in Yoomedia's future to buy shares, why should anyone else? You once said, you will recall, that it was your ambition to turn Yoomedia into a global media player. So why, as Chairman, do you not then want to own as much as possible of it? And if your ambition has changed, shouldn't shareholders be told? One really doesn't have to dig too deep or read for too long to find glaring examples of Yoomedia staff's total incompetence. For example, in the final results, issued on 29th June this year, section 9, the company stated this: "On 24 January 2007, YooMedia plc launched a new free, fully functioning online dating service - letsdateforfree.com. This launch been prompted by the growth in popularity of social networking sites such as MySpace and Facebox" Facebox? FACEBOX? Yoomedia is a company operating in the new media sector, and yet it cannot even get right the name of one of the largest and fastest-growing social networking sites ON THE PLANET! FaceBOOK has been all over the media for six months or more now – does anyone at Yoomedia read the press, Mr Sinclair? I could go on, but there seems little point. It seems clear to me now that you have for years been misrepresenting Yoomedia's position and prospects and that Yoomedia is largely composed of delusional incompetents whose 'beliefs' are not worth the energy it takes to speak or write them. I note further that at no time has any member of the management team offered to forgo wages until specified KPIs (EBITDA/cashflow/profitability etc) are met – whatever the share price, you always get paid. (I note, incidentally, that an Anick Sinclair is employed by Yoomedia as Head of PR. Your wife perhaps, Mr Sinclair? Presumably you've always made sure that she has been paid too?) Whether such misrepresentations have been fraudulent, negligent or merely incompetent I have, of course, no way of knowing. However, in my opinion you are an absolute disgrace, a mercifully rare combination of arrogance and incompetence which I hope I never again encounter in any company where I invest. And when Yoomedia goes bust – and it seems now only a question of time: too much debt, way too many shares in issue, too uncertain a business plan – I will wholeheartedly support and join in any moves to launch a class action suit against you personally alleging negligent (or, in the alternative, fraudulent) misrepresentation. You seem to think you can get away with endless failure – that may yet prove to be your most costly delusion. Yours disgustedly Dan Miller
13/12/2007
16:34
ianwest: like the YOO share price!
01/12/2007
19:43
ianwest: >RG "I have come to terms that I will never recover my losses" and yet you claim that there will be news this week that has been 10 months in the making. it's you that's lost it, pal. tell me Robin, is the Kasei deal on or off today, hmm? which side of the bed did you get out of today? oh, and how do you know what senior YOO mgmt thinks? even if you're right, do you imagine I give a to55 about what those incompetent clowns think? you've really nailed yourt colours to the mast this time, chum. you have been very specific that news is coming this week commencing 2/12. If such news does come I will write to the FSA as you are clearly an insider seeking to manipulate the YOO share price, and will suggest they get in touch with ADVFN to demand your IP address and any other details prior to identifying and prosecuting you. if news doesn't come this week it will be final proof - if any more were needed, and it isn't - that you are a ramping little total muppet. not very bright, are you chum?
02/11/2007
16:29
ianwest: once more, with feeling... ----------------- Dear Mr Sinclair I am writing to you as a Yoomedia shareholder – I purchased £10,000 worth of YOO shares at 50p towards the end of 2004. After an initial spike shortly after I bought, the Yoomedia share price has declined in pretty much a straight line until it has reached its current sorry state sub-1p. I have many times been tempted to sell, but have always been encouraged by statements coming from yourself and Yoomedia management that a recovery was under way or was just around the corner. I thought it might be useful here to outline some of those statements, to remind you of what you have said in the past about Yoomedia. * In May 2003, the company having completed a fundraising, you stated you 'believed' the company had enough funds to see it through to profitability. Yoomedia proceeded to carry out further fundraising activities in August, September and October of that year. I stupidly believed this would provide enough funds moving forward. * In Q2 2005 you stated you 'believed' that the company would be EBITDA+ in Q3 of that year. When it didn't happen, you announced that you 'believed' the company would be EBITDA+ in Q4 of that year. Then Q1 of 2006. * In May 2006 you stated that you 'believed' Yoomedia would be EBITDA+ by year-end. At about the same time Group Managing Director Neil MacDonald stated that Yoomedia was on the 'cusp' of profitability. * You have just called the third EGM since September 2006, to be held on 19th of this month. You still have authority remaining from the last EGM to issue another 112.5m shares (authority to issue 200m shares less the 87.5m you have actually issued) and yet already you want authority to raise _another_ £5m – without even deigning to tell shareholders what you want to do with the money. * It is probably worth observing that so far, collectively, Yoomedia management has raised some £77m in funds – to end up with a company which, as I write, has a market cap of £8.43m. And now you want to raise _more_ money, with yet _more_ dilution for existing shareholders? Following the latest EGM announcement, and the news that the Avenues dating division has been placed into administration (profitable when bought, 3 years later put into administration!), I have now decided that enough is enough. My original stake is now worth £200 – you have destroyed 98% of the value of my investment - more, taking the spread into account. This is one turkey at least that has had enough of voting for Christmas. I long ago ceased to have any confidence in your judgement or abilities but held on in the hope that I was wrong and a turnaround would materialise. I realise now that my first instinct was right – that you are either fraudulent, negligent or utterly clueless without the first idea of what is going on inside your own company. I will be voting at the EGM against whatever motion you propose: I would far rather see Yoomedia finally go bust – and its shareholders put out of their considerable and protracted misery – than I would see you continue to be rewarded for delivering nothing but consistent failure. You are trying to persuade us now that car parking payments are Yoomedia's future and the Next Big Thing – but shareholders have heard this all before, many times. There have been a considerable number of Next Big Things, none of which have ever delivered. I notice, incidentally, that in the EGM announcement there was no commitment by management to buy any of the hundreds of millions of new shares you plan to issue. You collectively seem perfectly happy to award yourselves share _options_ (26m options awarded at 1.85p just before Christmas 2006 – now well under water), but not to put your money where your mouth is. The obvious point to ask, Mr Sinclair, is this: if you do not even have the confidence in Yoomedia's future to buy shares, why should anyone else? You once said, you will recall, that it was your ambition to turn Yoomedia into a global media player. So why, as Chairman, do you not then want to own as much as possible of it? And if your ambition has changed, shouldn't shareholders be told? One really doesn't have to dig too deep or read for too long to find glaring examples of Yoomedia staff's total incompetence. For example, in the final results, issued on 29th June this year, section 9, the company stated this: "On 24 January 2007, YooMedia plc launched a new free, fully functioning online dating service - letsdateforfree.com. This launch been prompted by the growth in popularity of social networking sites such as MySpace and Facebox" Facebox? FACEBOX? Yoomedia is a company operating in the new media sector, and yet it cannot even get right the name of one of the largest and fastest-growing social networking sites ON THE PLANET! FaceBOOK has been all over the media for six months or more now – does anyone at Yoomedia read the press, Mr Sinclair? I could go on, but there seems little point. It seems clear to me now that you have for years been misrepresenting Yoomedia's position and prospects and that Yoomedia is largely composed of delusional incompetents whose 'beliefs' are not worth the energy it takes to speak or write them. I note further that at no time has any member of the management team offered to forgo wages until specified KPIs (EBITDA/cashflow/profitability etc) are met – whatever the share price, you always get paid. (I note, incidentally, that an Anick Sinclair is employed by Yoomedia as Head of PR. Your wife perhaps, Mr Sinclair? Presumably you've always made sure that she has been paid too?) Whether such misrepresentations have been fraudulent, negligent or merely incompetent I have, of course, no way of knowing. However, in my opinion you are an absolute disgrace, a mercifully rare combination of arrogance and incompetence which I hope I never again encounter in any company where I invest. And when Yoomedia goes bust – and it seems now only a question of time: too much debt, way too many shares in issue, too uncertain a business plan – I will wholeheartedly support and join in any moves to launch a class action suit against you personally alleging negligent (or, in the alternative, fraudulent) misrepresentation. You seem to think you can get away with endless failure – that may yet prove to be your most costly delusion. Yours disgustedly Dan Miller
26/10/2007
14:07
ianwest: in the meantime, probably worth posting this again. read it and weep, boy. ---------- Dear Mr Sinclair I am writing to you as a Yoomedia shareholder – I purchased £10,000 worth of YOO shares at 50p towards the end of 2004. After an initial spike shortly after I bought, the Yoomedia share price has declined in pretty much a straight line until it has reached its current sorry state sub-1p. I have many times been tempted to sell, but have always been encouraged by statements coming from yourself and Yoomedia management that a recovery was under way or was just around the corner. I thought it might be useful here to outline some of those statements, to remind you of what you have said in the past about Yoomedia. * In May 2003, the company having completed a fundraising, you stated you 'believed' the company had enough funds to see it through to profitability. Yoomedia proceeded to carry out further fundraising activities in August, September and October of that year. I stupidly believed this would provide enough funds moving forward. * In Q2 2005 you stated you 'believed' that the company would be EBITDA+ in Q3 of that year. When it didn't happen, you announced that you 'believed' the company would be EBITDA+ in Q4 of that year. Then Q1 of 2006. * In May 2006 you stated that you 'believed' Yoomedia would be EBITDA+ by year-end. At about the same time Group Managing Director Neil MacDonald stated that Yoomedia was on the 'cusp' of profitability. * You have just called the third EGM since September 2006, to be held on 19th of this month. You still have authority remaining from the last EGM to issue another 112.5m shares (authority to issue 200m shares less the 87.5m you have actually issued) and yet already you want authority to raise _another_ £5m – without even deigning to tell shareholders what you want to do with the money. * It is probably worth observing that so far, collectively, Yoomedia management has raised some £77m in funds – to end up with a company which, as I write, has a market cap of £8.43m. And now you want to raise _more_ money, with yet _more_ dilution for existing shareholders? Following the latest EGM announcement, and the news that the Avenues dating division has been placed into administration (profitable when bought, 3 years later put into administration!), I have now decided that enough is enough. My original stake is now worth £200 – you have destroyed 98% of the value of my investment - more, taking the spread into account. This is one turkey at least that has had enough of voting for Christmas. I long ago ceased to have any confidence in your judgement or abilities but held on in the hope that I was wrong and a turnaround would materialise. I realise now that my first instinct was right – that you are either fraudulent, negligent or utterly clueless without the first idea of what is going on inside your own company. I will be voting at the EGM against whatever motion you propose: I would far rather see Yoomedia finally go bust – and its shareholders put out of their considerable and protracted misery – than I would see you continue to be rewarded for delivering nothing but consistent failure. You are trying to persuade us now that car parking payments are Yoomedia's future and the Next Big Thing – but shareholders have heard this all before, many times. There have been a considerable number of Next Big Things, none of which have ever delivered. I notice, incidentally, that in the EGM announcement there was no commitment by management to buy any of the hundreds of millions of new shares you plan to issue. You collectively seem perfectly happy to award yourselves share _options_ (26m options awarded at 1.85p just before Christmas 2006 – now well under water), but not to put your money where your mouth is. The obvious point to ask, Mr Sinclair, is this: if you do not even have the confidence in Yoomedia's future to buy shares, why should anyone else? You once said, you will recall, that it was your ambition to turn Yoomedia into a global media player. So why, as Chairman, do you not then want to own as much as possible of it? And if your ambition has changed, shouldn't shareholders be told? One really doesn't have to dig too deep or read for too long to find glaring examples of Yoomedia staff's total incompetence. For example, in the final results, issued on 29th June this year, section 9, the company stated this: "On 24 January 2007, YooMedia plc launched a new free, fully functioning online dating service - letsdateforfree.com. This launch been prompted by the growth in popularity of social networking sites such as MySpace and Facebox" Facebox? FACEBOX? Yoomedia is a company operating in the new media sector, and yet it cannot even get right the name of one of the largest and fastest-growing social networking sites ON THE PLANET! FaceBOOK has been all over the media for six months or more now – does anyone at Yoomedia read the press, Mr Sinclair? I could go on, but there seems little point. It seems clear to me now that you have for years been misrepresenting Yoomedia's position and prospects and that Yoomedia is largely composed of delusional incompetents whose 'beliefs' are not worth the energy it takes to speak or write them. I note further that at no time has any member of the management team offered to forgo wages until specified KPIs (EBITDA/cashflow/profitability etc) are met – whatever the share price, you always get paid. (I note, incidentally, that an Anick Sinclair is employed by Yoomedia as Head of PR. Your wife perhaps, Mr Sinclair? Presumably you've always made sure that she has been paid too?) Whether such misrepresentations have been fraudulent, negligent or merely incompetent I have, of course, no way of knowing. However, in my opinion you are an absolute disgrace, a mercifully rare combination of arrogance and incompetence which I hope I never again encounter in any company where I invest. And when Yoomedia goes bust – and it seems now only a question of time: too much debt, way too many shares in issue, too uncertain a business plan – I will wholeheartedly support and join in any moves to launch a class action suit against you personally alleging negligent (or, in the alternative, fraudulent) misrepresentation. You seem to think you can get away with endless failure – that may yet prove to be your most costly delusion. Yours disgustedly Dan Miller
24/10/2007
16:56
cliff hanger: Final one from my little trip down Memory Lane: Author flukester View Profile | Add to favourites | Ignore Date posted 2005-08-02 00:05 Subject Sinclair Meeting Opinion Strong BUY Recommendations This message has been recommended 19 times Message thanks to the ginger magician from advfn MEETING WITH DR SINCLAIR Dr Michael Sinclair was an extremely nice gentleman who was 100% open with the three of us. He answered most of the questions we asked without, at any point, giving out price sensitive information. He stated clearly that he has been involved with many companies in the past – some of which have clearly been market leaders – but never before has he been involved in a company that has the potential to be the market leader WORLDWIDE. Never before has he been as enthusiastic about a company as he is about Yoomedia. 1. Are rumours about a MBO true? The share price has been depressed for a while and certain investors are suspicious. There is absolutely no truth in this whatsoever. 2. There seems to be a lack of communication with investors. We are hearing news from third parties eg dateline, pokechannel etc. The website communication is poor. Perhaps emailing this news to investors would keep them updated. It is our policy only to issue an RNS when the news really is very significant for us. We are not like other companies that issue RNS every week simply for the sake of issuing them. That's why when YOO issue an RNS, you can believe it is VERY significant. I accept that the website could be updated more regularly and these pieces of news could appear there. I will look into this as well as emailing investors. Poker channel was a great tie up and significant but probably not VERY significant. Our divisions are extremely busy and we sign hundreds of deals a year – we cannot possibly release an RNS for all of them. 3. Are you disappointed with the current state of the share price? Of course all shareholders will be disappointed with the current shareprice. I have always maintained that the aim of the company must be to generate profits – the share price will the always follow. To generate profits is our aim. 4. The Trading statement about games and gambling was a surprise and a disappointment. How does the partnership with William Hill work, we do not really know much about the partnership, and the how Yoomedia derive their revenues from this partnership. We really had to make the statement. I am of course disappointed with the reaction of the market to the Trading Statement and the resulting share price. The reason for the warning, and many astute investors have worked it out, is the contribution from William Hill. The William Hill contract was a very very significant contract. This would have made a significant contribution to Games and gambling. Unfortunately for YOO, William Hill buying Stanley leisure changed matters as Stanley Leisure were and are committed to Alphameric to the end of the year. This means that we cannot supply our services until the end of the year. However, it also means that the contract is potentially a bigger one than we originally thought as the William Hill group is now bigger. They have a 5 year commitment to us and these revenues should start coming in at the beginning of 2006. (IMO this is very significant. They are EBIDTA positive despite no contribution from William Hill. Alphameric made a mint out of Stanley Leisure so you can imagine how much YOO will make next year once they are out of the way) 5. Why did David Docherty leave? Was it because of the underperformance of Gambling and Games? DITG has been a massive boost to the company and the synergy with YOO has advanced YOO to a much higher level than otherwise possible. Certainly, the cost savings to the businesses has been larger than we anticipated as the two businesses complement each other well. David Docherty was a man of vision and must take a great deal of credit for where the company is today. However, the aim of the company is to generate cash. To generate cash, the most important and most fundamental aspect to a sound business is to concentrate on the core businesses. David Docherty, who is a close personal friend of Sinclair, had lots of ideas about various aspects of the business. However, when all the company divisions were analysed, it seemed that Neil McDonald who was in charge of the core divisions, was outperforming the rest and the decision was taken to make him the MD. Neil McDonald is a very driven individual and prides himself on delivering the goods. 6. How confident is he of executing the stated objectives for the rest of the year, as detailed in the trading statement, by year end. What impact might this have on 2006 EPS? Are we still going be cashflow positive by Q3? The main aims of the group was to be EBIDTA positive by March and we have achieved that. The second aim was to continue to be EBIDTA positive and we have achieved that. That is a big turnaround from losing 800k a month in November 2004. Obviously the aim is to be cash flow positive by Q3. Interim results should be released early September. 7. What are Yoomedia's international plans? The reason for the rapid development of digital and interactive television in the UK has simply been as a result of SKY and Rupert Murdoch. We see the USA as our biggest overseas potential market. I have contacts there and now that Rupert Murdoch has set his sights over there, we see that as a big opportunity for us. We are looking at the USA especially in view of the fact that certain aspects of gambling will be deregulated next year. I would be very surprised if YOOmedia were not a major player in exploiting the interactive market there. 8. How is the 'Broadband TV' trial with NTL/ICTV going? The NTL Executive we initially gave the presentation to started dancing on our boardroom table when he saw our presentation. The trial started but unfortunately he has since left the company. We then had to go through the whole process again. There are trials ongoing most notably in Glasgow and feel that this is a significant opportunity for YOO in the future. 9. Will the NHS contract be rolled out on Cable and Freeview? It would appear Ipublic has disappeared from the website, no news was given about this happening, are we to assume that Ipublic has been closed ???, and if so, why were shareholders not told ?? We are working on it. iPublic is an important part of YOOs future strategy. It certainly has not disappeared. The interactive NHS Direct section accessed by the red button on SKY has been a huge success. We are responsible for the whole interactive component on SKY and is accessed by thousands of SKY viewers. We are in the stages of commercializing it and this should happen over the course of next year. We believe interactive television has a significant part to play as far as the health sector is concerned and was one of the reasons I got involved with Yoomedia. 10. How is the relationship of YOO with ITV? We have an excellent relationship with 11 TV channels and ITV is one of them. 11.Is YOO still in Celadors plans and specifically WWTBAM? We know that Celador will be rolling out WWTBAM worldwide, will YOO be involved? Is MIG taking business away from YOO? We have a strong relationship with Celador and I would be very surprised if Yoomedia did not figure in Celadors plans for international rollout of WWTBAM? MIG provides different technology to us. We have the patent for time-stamping technology. 12. What is happening at fancy-aflutter online, the site has been down for a while now, is it going to relaunch? There is a limit to how many sites we are allowed to maintain. Nobody has lost any money by FAF not being online. It is being incorporated into the other fixed-odd gaming sites and will attempt to streamline this aspect of the business. The website will be updated soon. FAF was much more important to YOO for its tie up with SONY. There were a few other questions that Paul and Graham asked but I am knackered so they can fill in the gaps. This information was worth 100 RNSs to me. I reiterate, this was a much more positive meeting than I had hoped from a very calm, open and honest chap. I am very confident in YOOs future.
02/10/2007
06:43
pro_better: ianwest - forget about the 300p in 2008...that was nonsense...the guy was in love with the yoo share...the share price could have hit 30p levels at that time if they were only showing 100k profitablity but they didnt... they surely have innovative products to offer, however i am afraid their sales and marketing team is not up to the standards to deliver...when they build up a good team and start really selling then the co can turn the corner. period. until then, we are awaiting for the take over and any significant news to boost the share price ..the momentum is gone from yoo share price and city seems inactive on it...management knows that they are going through a crucial period and definetely are not doing anything to help the sp- they have issued far too many shares instead of finding alternative ways to raise funds for investment purposes. At the moment it is just a speculation. with exceptional news i can see the share price reach the 10p levels... but seems very hard. after 4 years following that share, i realise that it is extremely hard for yoo to turn the corner...major development, changes need to happen!! nothing major has happened since then... my average is around 6p...if we ever reach that level and i am break even i abandon the ship...unless major changes happen in the meantime...waiting to see!
02/9/2007
12:12
sonofsam: from March 2006: "Dear Mr Sinclair. Thank you for your response. I'm afraid I'm not hugely encouraged by it. Of course I do not expect you to tell me price-sensitive information: however if YOO were indeed on target to achieve cashflow+ by end of Q1 - as promised - I would expect your reply to be considerably more upbeat. And of course there is nothing price-sensitive per se about announcing the date of a company statement, as long as no indication is given of the content of the statement - a point you seem to be willfully missing. I'm afraid I feel no compulsion to call you for a chat. I know that many small shareholders called you for conversations last summer, and gave glowing reports of how helpful you had been. Funny that you neglected to mention to them about the impending RI which did so much to destroy the YOO share price at the end of last year and so far this year. I appreciate of course that you could not tell them about it - so what value a cosy little chat then? I'm afraid I'm not much interested in management spin. I wish you the very best of luck for the next two weeks. Should YOO fail to achieve cashflow+ by end Q1, I'm afraid I intend to start agitating to the press and among shareholders for management changes at the company, and the installation of a management team who can do something to stem the apparently relentless erosion of shareholder value. Any management team that has so little insight into its own operations that they miss a target three times would need replacing. If you have ever read Diamond Are Forever by Ian Fleming, you may be familiar with an expression allegedly beloved of Chicago gangsters. The first time is happenstance. The second time is coincidence. But the third time, Mr Sinclair, the third time is war. Ian West"
24/8/2007
11:37
jerryfalwell: >chiansaw it's the yoo share price that has lost it, a55hole: supposedly transformative news which only results in volume of 7.25m shares and a share price barely above a penny...
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