Share Name Share Symbol Market Type Share ISIN Share Description
Mobilewave LSE:MBW London Ordinary Share GB00B010Q778 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.35p 0 06:32:19
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 0.0 -2.3 -2.6 - 0.41

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Date Time Title Posts
20/10/201408:01MBW - MOBILEWAVE - Maximizing Customer/Client Mobile Relationships8,747
01/4/201410:12MOBILEWAVE in CAPITALS154
31/7/201311:05Mobilewave Group PLC : Bags of potential or bag of ?686
25/7/201207:58MBW - Mobilewave - Planet Oi2,034

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stockonomist: LOL Well someone got taken for a ride... Acta_topup - 29 Jan'12 - 01:49 - 1 of 307 edit Congratulations on MobileWave raising £2 million (almost 3 times it's market capitalization) via FULLY SUBSCRIBED Convertible Preference Shares (CPS's) convertible at 5p or 7p a share. Current share price 0.975p! Good luck to all long-term investors, this is going to be quite a ride! ;)
bobby.ifa: Result! Date : 10/05/2013 @ 14:22 Source : UK Regulatory (RNS & others) Stock : Mobilewave (MBW) Quote : 0.35 0.0 (0.00%) @ 05:00 HOME » LSE » LSE » Mobilewave share price Mobilewave Group PLC Update on litigation PrintAlert TIDMMBW RNS Number : 4674E Mobilewave Group PLC 10 May 2013 10 May 2013 MobileWave Group PLC ("MobileWave" or the "Company") Update on litigation The Board of MobileWave wishes to further update shareholders as to the position regarding the action against Mr Devin Narang. In an appearance before Registrar Barber in the High Court of London on 8 and 9 May 2013, the petition for the bankruptcy of Mr Narang was granted with costs for this and previous hearings. The Company will now pursue Mr Narang's assets globally through the Trustee in Bankruptcy. The Board is relieved that its efforts to pursue this debt have been vindicated and will update shareholders in due course of any developments in this regard. For further information, please contact: MobileWave Group plc Rory Stear, Chairman ( 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 END MSCAMMJTMBTBBMJ
gecko5: Sean- where do you think the share price will go upon number 1??
timtim5449: ertugrul ref your note thks, why they dont show the correct buys and sells no idea. For I am in here and NOT leaving until I get paid enough!! I am a deep believer of the App Market, if the comments that acta and SOME others have had contact with the BODs of the company are RIGHT then MBW will make it. All the BB needs and the STK is some long long awaited News to put back the confidence in the share price and company, sound like the posters are just a little bored, understandable as nothing has happened here for a very long time. You can only say the same things share price many times like the App market is HUGE, in my OP PION only it seems to be, and to apart of a company that can make it in the Market is a good buy. We just MBW to re affirm that with some good progressive news for the company. GL all, holding to the bitter end,sorry I meant LIFT OFF!! lets prove Jolly Jon WRONG!!
timtim5449: THats good, Taz anybody else has picked up on this info yet?? the word needs to get out to resurrect this share price and as you say when it finally does we will see MBW 1p on an upward mode. H A G day all. Ps keep digging,
timtim5449: THE APP MARKET IS HUGE!!!! Millions to be made. Will MBW Lead the way OR fall BY the wayside and let others take the Glory!! Come on RORY show them whos BOSS in the APP WORLD. THanks Atca for your up date it seems things are moving but slow, How do you feel about it, where do you think we are going froom here, when funding sorted at what leval should the share price be tradaing at. We have know real knowledge of what is going on. I imagin there is know reason for not getting all funding sorted for the company and other issues we know not much about. So hopping the AGM will lighten us all up on where we are HEADING. There is only one way and that is up. Really good luck to all hear.F Xd Ps lossing money is neaver funney for anybody.
noli: I read earlier in the rns's that with regard to the preference shares. A share price of 7p, they have big plans it would seem. -- They will automatically be converted into Ordinary Shares in the event that the mid market price of Ordinary Shares is no less than an average of 7.0 pence per share over a consecutive period of 30 days, as derived from the Daily Official List of the London Stock Exchange. When converted, the Convertible Preference Shares will rank pari passu in all respects with the existing Ordinary Shares including the rights to receive all dividends and other distributions declared, made or paid on or in respect of such shares. -- Holders of Convertible Preference Shares will be entitled at any time to convert the Convertible Preference Shares into Ordinary Shares at a price equivalent to 5.0 pence per Ordinary Share. =================================== In August 2010, the Company completed the acquisition and reverse takeover of MobileWave Limited. Its core business comprises a mobile telephone marketing platform for brands, retailer and enterprises that assists them in leveraging the mobile medium for their loyalty marketing, customer acquisition, retention and promotions. Since acquiring the MobileWave business, the Company has continued to invest in the development of its platform and service offering, including a significant sum for an ongoing retainer with Silicon Valley marketing consultancy firm, Global Fluency. On 1 January 2011 MobileWave Limited, the Company's operating subsidiary, appointed Kartik Ram as its Managing Director who has, amongst other things, led a comprehensive review of MobileWave's business, technology and customer requirements which will result in an overhaul of MobileWave's business processes and technology roadmap. As a result, the Board has recognised the merits in aligning its model to a business-to-business platform. MobileWave's emphasis will include assisting retailers, brands and leading enterprises with their internal and customer-facing loyalty initiatives leveraging off the mobile telephone medium. In order to carry out this development of its services and an enhanced platform and in order to execute its new business model, the Company is seeking to raise additional funding from certain new investors. Convertible Preference Shares The Company is seeking to raise up to GBP2.0 million in aggregate by way of Convertible Preference Shares to finance the ongoing development of the MobileWave business. The Convertible Preference Shares will have the following rights: -- A 15 per cent. per annum coupon will be attached which will be aggregated up to and paid on the date of conversion or redemption. -- They will automatically be converted into Ordinary Shares in the event that the mid market price of Ordinary Shares is no less than an average of 7.0 pence per share over a consecutive period of 30 days, as derived from the Daily Official List of the London Stock Exchange. When converted, the Convertible Preference Shares will rank pari passu in all respects with the existing Ordinary Shares including the rights to receive all dividends and other distributions declared, made or paid on or in respect of such shares. -- Holders of Convertible Preference Shares will be entitled at any time to convert the Convertible Preference Shares into Ordinary Shares at a price equivalent to 5.0 pence per Ordinary Share. -- If the Convertible Preference Shares have not been converted into Ordinary Shares within three years from the date of issue, they will be redeemable by the Company. -- The Convertible Preference Shares will not be traded on AIM but will be freely transferable. The Company has received indicative commitments from potential investors for up to $200,000 of the Convertible Preference Shares and the Directors are in discussion with a number of other potential investors. Subject to the Resolutions being passed, it is the intention that the Convertible Preference Shares will be issued in several tranches, as and when binding commitments are received from potential investors.
acta_topup: desesseintes Posts: 74 Opinion: Strong Buy Price: 1.08 CPS scheme Today 16:03 Getting full subscription for the £2 million CPS scheme was one of the most important milestones for the company and deserves considerable plaudits. With respect to existing shareholders it is truly a fantastic mechanism for funding the company as it leverages the potential for rapid growth that is inherent to MBW's strategy and target market, whilst keeping to an absolute minimum the diluting effect of fundraising. Investors in the CPS scheme convert at a price of 5p a share. Leaving aside the 15% annual coupon for one moment, they will only break even if the MBW share price hits 5p. Of course there is protection in that they are entitled to their money back after 3 years. Needless to say this is a long time to lock in a considerable amount of money, with all the risks of losing your investment if the company hits the buffers. These investors are therefore demonstrating considerable belief in the company and it's prospects to take this risk. They also believe that the potential for seriously profiting from their investment is significant. Meanwhile, we see 5x less dilution than there would be if shares were issued at the current share price. This is a canny arrangement that is well thought out. Clearly the CPS investors liked what they heard from managment and so do I.
acta_topup: Sad news for TYR shareholders today. But it really just illustrates how amazingly good a deal MBW pulled off with regard to the CPS funding in comparison to the level of funding available for AIM stocks at the moment. TyraTech, who less than a year ago were a darling of the stockmarket, the shares having risen from below 10p to over 40p, are now forced to issue shares at an incredible 75% discount to the shareprice on the day of the announcement (@5p when they were trading at 20p+). They will raise only £2.6 million with the share issue. I thought about investing in TYR last year, but went for PIM instead and still made money. To be honest I am shocked at their inability to get a better deal for shareholders given the maturity and excellence of their product range. Now compare that disasterous result for shareholders with fundraising by MobileWave. They have raised £2 million through the CPS scheme, which is now fully subscribed. The CPS's are convertible only at 5x the current shareprice, i.e. resulting in minimal dilution to existing holders. Yes there are strings attached - the 15% annual coupon is not a bad deal for MBW, especially as it is payable in shares and not cash (especially good if the CPS's automatically convert at 7p later this year). The 3 year arrangement gives CPS owners the right to get their money back if it doesn't work out, but that is in 3 YEARS TIME. Honestly, if the BoD can't make it work within 3 years it's never going to happen. But seriously, I really believe that they will. These CPS owners are investing for the opportunity to make significant gains - it's not just a risky loan. We are potentially talking multiples of their conversion price. This comparison speaks volumes about the strong position of MBW, the management's capabilities and vision for the future of the company. It also is a strong indicator of where the BoD see the company's share price in the medium term. The CPS subscribers must have liked what they heard as much as I did. Fortunately for me, I could slowly but surely accumulate on the open market. Still a chance to do so, but not for long.
acta_topup: For a start £300K is not negligible. The BoD has issued a bullish statement with the results. We were not anticipating any significant revenue at this stage as these things take time. The BoD have conducting a thorough review of the acquired business which was absolutely necessary to take things forward. Most important of all is to have the right team on board, and the fact that this has been a priority demonstrates a great deal of business sense. I feel strongly that we are in very safe hands here. The appointment of Kurt Pakendorf in particular is extremely positive and the fact that he has taken convertible preference shares at a price of at least 5p a share (and automatically converted when the share price reaches 7p) in lieu of salary is a clear indication of where the BoD see the share price in the next 6 months. Having completed all the important preparatory work we are now on the cusp of a great move forward for both the company and the share price. And an agreed settlement with Narang could come at any time, and is of course more likely the closer we get to the court hearing in India. A settlement in itself would be a fantastic bonus and you would expect the share price to rise beyond 4p on that news alone, due to the company's considerably increased cash pile and the removal of uncertainty which has weighed down the share price for the last 6 months. All in all we are close to historic lows, so what a great price to get in! I will be freeing up more cash as soon as possible. We know that there should be news released at the end of June to confirm that they have raised the targeted £1m, and with the potential of the product that they have, and in this climate I can see them even exceeding their target. Truly exciting times ahead. Lift off IMO will come just like MOS - check out the chart for a tantalizing glimpse of what the future may hold!
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