Catalyst Media Share Discussion Threads

[bubface] 22/3/2005 11:13

figures have to be out before end of next week,can only hope accompanied by news of sis deal.the length of the suspension considering the co were in advanced talks on the 12th of nov is ridiculous.lets just hope it's worth it!!

[theheadchef] 21/3/2005 16:35

Results to s/e end of month can't wait.......................

[thenryspurs] 10/3/2005 15:30

What's happening ?
I'm getting worried.
Thay don't answer their phones.....................
Frost's companies all seem to be going down the pan!
Let's at least hear either way.....................

[bubface] 24/2/2005 19:49

i see! lets hope it is done on an orderly basis,it's not impossible it could all be placed by williams de broe as soon as the company returns.i do think there will be some decent buyers about.the dividend from the sis stake almost pays off the borrowing in year one...this is a significantly transforming deal and i hope it gets a decent press before trading recommences.

[bsg] 24/2/2005 18:55

bubface - extract from last RNS

Catalyst Media Group PLC ("the Company" or "CMG") announces that it has issued
14,678,968 new ordinary shares of 1p each ("Shares"), representing 8.28 per cent
of the Company's share capital as enlarged by the issue of Shares, to Champ Car
World Series LLC ("Champ Car") in relation to an agreement dated 15 December
2004. The Shares, which have a value of #1.14million (US$2.2million) based on
the closing share price of 7.75p on 12 November 2004 (the date prior of the
suspension of trading in the Company's shares) have been issued in consideration
for Champ Car agreeing to satisfy certain financial obligations of up to
#1.14million (US$2.2 million) of the Company's television production subsidiary
Betelgeuse Productions, Inc ("Betelgeuse") incurred by Betelgeuse whilst
providing television production services to Champ Car for the 2004 Champ Car
World Race Series. Champ Car has given certain undertakings with respect to the
sale of the Shares such that they may be only be sold in specified tranches
during a 90 day period from the date that the shares re-commence trading, such
sales to be with the assistance of CMG. If funds received from the sale of the
Shares by Champ Car exceed payments made by them under this agreement the
balance will be payable to CMG. If there is a deficit, CMG is required to pay
any shortfall to Champ Car. Any such shortfall would not increase the Group's
liabilities and would only result in an acceleration of cash outflows from the
Group. However, as the proceeds of the sale of the Shares by Champ Car reduces
Betelgeuse's, and hence the Group's, overall liabilities, CMG will be in a
stronger financial position following any sale of Shares by Champ Car.

[bubface] 24/2/2005 17:46

think they're back next week deal done as outlined in nov announcement taking stake in sis modest fundraising all done by wdb balance of funding coming from fixed debt.think it's a great deal with very strong cash generation and looking forward to them coming back at a decent premium to suspension price.not sure how long they'll stay independent though! what's this 90 day selling window about then?

[bsg] 22/2/2005 22:06

Don't u think the 90 day selling window going to cause this to open lower than it is now ?

[andywrx] 22/2/2005 18:40

thanks bob,

fingers crossed for trading before Easter.

Any guesses on an opening price?

If the deal has been done then they have secured themselves a great positive cash flow.

I am looking for a 12p opening price

[treborbob] 22/2/2005 12:46

I have just spoken to Mr David Wiseman the company secretary,who informed me that they are still in the throes of advanced negotiations,and he expected to resume trading "in a matter of weeks and not months" He explained that these things take time, and answered my questions in a forthright manner.He did not seem too concerned. We shall wait and see.

[bigboots] 18/2/2005 14:38

CORRECT AND IT WORKS !!!!!!!!!!!!!!!!

[dzcapital] 18/2/2005 10:16

bigboots: that explains how you got your name!

[bigboots] 17/2/2005 17:52

Guys do this as you are not getting any response from the company

Find out from companies house who the main directors are - by law it has to have their home address published. Either find out their number from directory enqiries or pay them a viit at home - then they will answer your questions

I did ths a while ago when i got sharfted from CEDAR Group and it worked

Remember they have your hard earned money !!!!!!!

[dzcapital] 17/2/2005 13:31

If the SIS deal was dead I expect compliance would require them to announce it, but they could just be bidding for time whilst they scurry around looking for another deal and more money. Being delisted will buy them a bit of time.

[1bensons] 17/2/2005 11:46

AndyWRX

I agree.

They were very quick to annouce a relisting date. That was nearly 2 months ago.
The least they can do is update where they are up to.

[andywrx] 16/2/2005 18:28

surely management owe us an explanation on how mid december has turned into mid Feb and still no announcement. Grrrr, I am getting very frustrated now.

[1bensons] 15/2/2005 11:04

Any one hearing anything on the SIS deal ??

[bsg] 10/2/2005 10:26

It would be nice to have an update.

[dzcapital] 07/2/2005 18:10

At the rate they burn money they might have capital adequacy issues that prevent their re-admission, in which case they would have to raise more money for the required 18 months working capital.

[bigboots] 07/2/2005 14:21

Does anyone know when this company will re list- Im getting very impatient

[minho] 01/2/2005 20:09

Just to let you all know, I have not had a reply to the letter I sent to the COMPANY BUT will let you all know if and when I do.

[andywrx] 26/1/2005 20:32

DZ Are you saying that all the small print and company's history are all good things about this shares prospects? If completing the deal is not a problem then what do you think the delay is for? What is the problem?

A

[dzcapital] 26/1/2005 08:02

Things are never what they seem with CMG. What they will not disclose to the public are the contents of the small print, the conditions, anti-dilution, penalties and get-out clauses. Look at this company's history. Completing the deal is not the problem.

[andywrx] 24/1/2005 11:30

Thanks minho, I'd be very interested in their reply, if they do reply.

pylon - I am not sure if you are being sarcastic so sorry if you are but are they the same interims at which they announced the termination of the champ car contract which it turnewd out had been making a loss all along. And then at the begining of Jan they announce they have agreed to pay champ car $2.2m to get out of the contract - paid by diluting shares too.

As every day goes by I become more woeful about this situation. If they had raised the funds to complete the purchase of SIS then it should have completed by now, what could be happening? I suspect the financiers have backed away and so they are frantically looking for more funding.

I hope I am wrong, only time will tell

[minho] 22/1/2005 13:31

Treborbob ALSOI phoned Friday all seems to be running ok ,no coment as is expected,I have written a letter and will let you all know of the reply.