Asg Media Share Discussion Threads

[8trader] 11/6/2008 12:27

Who would buy this stock now !

Just because they might secure funding it means nothing, they have
raised and squandered past funds in no time at all.

1 v 2 on L2

Next bid is just 1.5p.

And with a serial pump and dumper here you will get trapped if you
chase this up.

[8trader] 11/6/2008 12:25

Watch out.

3 celtic is serial pump and dumper william47/1smart/harki/tryinghard2

[oh_no] 11/6/2008 12:24

3celtic, go on boy... pump her up..

[3celtic] 11/6/2008 12:21

are pi,s mad or just blind.a big riser.

[cyclingnut] 11/6/2008 12:17

Hope,

Excellent news....even I am positive now!!

[3celtic] 11/6/2008 12:12

a sharp rise when pi,s digest.

[3celtic] 11/6/2008 12:11

buys at 2.03 and 2.05.100k@2.15.

[3celtic] 11/6/2008 12:10

excellent news

[hope67] 11/6/2008 12:07

Funding Update (Avanti Screenmedia)




RNS Number : 4682W
Avanti Screenmedia Group PLC
11 June 2008


11 June 2008

Avanti Screenmedia Group plc
("Avanti" or the "Company")

Funding update

As previously announced, the Company has been seeking funding to meet its short term
working capital requirements and longer term
development plans. Following a strategic review, the Board of Avanti has decided to focus on
the leisure, retail and creative services
businesses, which include the Setanta and Spar contracts.

The Board is now pleased to confirm that the Company is in advanced discussions to sell
certain parts of its business which, as a
result, will resolve the short term funding requirement of the Company, reduce the Company's
ongoing working capital requirement and allow
the management to focus on the leisure, retail and creative services businesses in line with
its strategy. However finalising these
discussions remains critical to the future prospects of the Company.

Furthermore, the Board has agreed to secure any immediate funding requirement with certain
of the Directors investing an aggregate of
£100,000 by way of loans, which are due to be repaid by the 31 July 2008, or in the event
they are not repaid, are convertible at the price
of 2.5p (the "New Convertible Loans"). Subscriptions from the Directors are as follows; Simon
Rees £25,000, Gary Truman £25,000 and Richard
Vos £50,000. The New Convertible Loans carry an annual interest rate of 10 per cent. The New
Convertible Loans if fully converted, will
require the issue of up to 4 million new ordinary shares. Full details of the New Convertible
Loans will be announced in due course, and
details will be set out in a circular to shareholders that will also contain notice of a
General Meeting at which Shareholders will be asked
to approve the issue equity pursuant to the New Convertible Loans in the event that they have
not been repaid by 31 July 2008.

In addition, previous convertible loans totalling £100,000, issued to certain of the
Directors on the 26 September 2007, (the "Existing
Convertible Loans") are due for repayment, however the terms have been extended and the
conversion price has been adjusted on the same basis
as those convertibles, issued to certain shareholders, as previously announced on 3 June 2008.
The Existing Convertible Loans, if converted,
will require the issue of approximately 4.0 million new ordinary shares.

The Directors' Shareholdings are detailed below:-

Director Number of Ordinary Percentage of Number of shares Number of
shares Total following Percentage
holding
Shares existing issued issued upon issued
upon conversion of all following
conversion
share capital conversion of conversion
of New loans of all
outstanding
Existing Convertible
Convertible Loan loans
Loan

Michael Desmond - 0.0% 298,507
- 298,507
0.5%
Simon Rees 2,500 0.0% 1,000,000
1,000,000 2,002,500
3.0%
Gary Truman 314,107 0.76% 3,000,000
1,000,000 4,314,107
6.6%
Richard Vos 1,900 0.0% -
2,000,000 2,001,900
3.0%



The independent Director, Mr Michael Desmond, who is not participating in the funding,
having consulted with the Company's Nominated
Adviser, considers the terms of the transaction to be fair and reasonable in so far as the
Company's shareholders are concerned.

It is anticipated that a further announcement on the Company's funding position will be
made shortly and full details will be sent to
shareholders in due course.

Enquiries:

Avanti Screenmedia Group plc 020 7902 2345
Simon Rees, Chief Executive
Gary Truman, Finance Director

Charles Stanley Securities 020 7149 6000
Nominated Adviser
Russell Cook / Freddy Crossley

Bishopsgate Communications Limited 020 7562 3355
Jenni Herbert

This information is provided by RNS
The company news service from the London Stock Exchange

END

MSCFKDKPKBKDQAD

[asparks] 11/6/2008 09:59

IMTK doing well - results out today

[cyclingnut] 11/6/2008 08:40

well well well what a surprise.....and pleasant too!!

[uumode] 11/6/2008 07:53

Think anyone would recover faster than Barratt (he says)
In April 2007 they bought rival Wilson Bowden for £2.2 BILLION (ouch), yesterdays's share price valued Barratt at only £317 MILLION! They will breach their covenents on it's bank loans if they don't find extra cash via extra share issue.
....which I guess in comparison - makes ASG outlook look positively optimistic ;-) (tongue in cheek)

[dvsfm] 10/6/2008 18:12

Faugh, I did say "could", and wHen compared to BDEV more likely to rise faster, I didn't say it "would" did I.

[dvsfm] 10/6/2008 14:29

I am happy to top up, as most know a share price is not the best gauge of company as it can be affected by lots of factors. Clearly ASG has its issues but so do many other companies on AIM and on the FTSE, Barratt Devs joined the 90% club today virtually now a year ago most would have thought that impossible. As long as ASG get there money and win profitable business the share price will recover with sentiment, it may take some time but I would think ASG could be a ten bagger before Barratt Devs would

[anusol] 10/6/2008 14:20

Mkt cap is equivalent to the small change in my pocket..... or at least its getting that way. At least it looks like someone is happy to top up at this give away price.

[3celtic] 10/6/2008 12:54

mkt cap 770k

[brando69] 10/6/2008 12:51

is the market cap of 480K accurate?

[cyclingnut] 10/6/2008 11:56

ANNU,

Agreed....poor ASG were left with crippling debts, no cash and a solution which is difficult to sell in a recession!

RIP

[anusol] 10/6/2008 11:50

ASG was shagged from the day it was split from the bigger Avanti group, where the directors clearly short changed ASG by mtaking all the cash to the communications group, and virtually forcing ASG into this position. Absolute disgrace - I hope their satellite explodes on take off and someone forgot to post the cheque to the insurers.

[cyclingnut] 10/6/2008 11:43

what update do you expect...."We are still struggling like hell to raise at Least twice our current mkt capitalisation in thESE turbulent markets when all the banks we turn to say NO"

[faugh_a_ballagh] 10/6/2008 11:25

i have written asg off, we have been totally ripped off.


bye bye

[dyardley] 10/6/2008 11:22

I've tried many a time absolutely totally ignored!!!
The communication from this company is dire!!
What's the problem i wonder with the odd update or communicating the plans of the company with us all?