Parallel Media Share Discussion Threads

[mister md] 01/3/2016 14:23

Hi Duss,

from results RNS:

"Going forward

I remain positive and would like to use this opportunity to thank our board and hardworking staff, without whose support our undoubted potential would not be possible."


Can he give any further explanations on "undoubted potential " ?

[littlemadam] 01/3/2016 13:46

Rns. DC in deep

[eezymunny] 01/3/2016 13:34

The current arrangement is "PMG will receive all the revenue which PCM (or its wholly owned subsidiaries) receives after the deduction of certain approved operating costs and any VAT".

I'd ask him WHO determines what "certain approved operating costs" are? ie is there anything to stop DC (who is 100% beneficial owner of PCM AFAICS) from simply paying himself a level of fees and expenses so that NOTHING ever goes to PAA and you, its loyal shareholder.

[dusseldorf] 01/3/2016 12:01

Westhouse (Stockdale) used to be Oryx Nomad/Broker - perhaps Chris Mills / Tim Sturm had some steer on that decision. No contact with DC yet, perhaps not today..

Eezy - If I get hold of him, I will ask that question.

[dusseldorf] 01/3/2016 09:56

eezy - well DC being in London, perhaps no co-incidence with the appointment of Stockdale (formerly known as Westhouse). Trying to catch him either by phone or face to face today.

My past experience suggests fundraising is coming, but what form and for what, who knows.

Little madam - noted. My personal view is that golf is a dead duck, but we shall see.

I will share what I can, assuming I get hold of DC

[eezymunny] 01/3/2016 09:23

So KN. You come up with the likely reason for a change of advisor then follow up with "perhaps a corporate action in the works?".

I can only lolol!!!!

I see your holdings are going bust one by one. PTV, MTV...FITB next?

[littlemadam] 01/3/2016 08:14

Duss, only now read your 1356 post.
As Knigel, plans re golf. Also have we made any profits on the music events of last year or so?
What exactly is he DOING for paa at the moment?

[knigel] 01/3/2016 07:32

Interesting... new adviser... I know Sanlam were ditching some AIM companies (according to a recent MTV RNS re nomad resignation) so switching to a new nomad without any apparent problem is good news - perhaps a corporate action in the works?

[knigel] 26/2/2016 16:49

Plans re golf division?

[eezymunny] 26/2/2016 16:17

I'd like to know how much a G&T costs in Raffles these days.

[dusseldorf] 26/2/2016 14:09

littlemadam - there is an outside chance I'm meeting up with DC on Tuesday 1st March in London - he suggested it following email comms where I asked what's next for PAA. If he is still flying into england tues and I have opportunity to meet him, is there anything specifically you would like to know?

[littlemadam] 26/2/2016 12:45

How can this one carry on trading.
Anyone know what DC is up to?
So annoying

[singer8] 29/1/2016 11:33

PUMP and DUMP CON man and TROLL

[eezymunny] 29/1/2016 10:31

Why is CHA tempting littlemadam? They have c £5.5m in cash and a market cap of c. £11m. Also 194,525,701 cheap warrants outstanding.

A purchase here is buying a £ for £2.

Yes, the AIM loons MIGHT chase it up. Yes, they might acquire something wonderful. Yes they might do some shenanigans on a purchase (eh raise equity at a higher price)to benefit exisiting holders...but it's just a wild gamble here IMO.

Why not look at cash shells where the market cap is closer to cash available if those situations interest you?

[littlemadam] 29/1/2016 10:08

Duss. I looked at cha and it is tempting.
If you like punts on investment companies have a look at LEG. I think patience could be rewarded due to their investment in Virtual Stock.

[dusseldorf] 29/1/2016 09:51

By my calcs the buyer from Wed is nearly all sold out after today, just 1121 remaining. £420 cost for a failed P&D...

[eezymunny] 28/1/2016 13:09

Ah I see. It's the market's fault. Nothing to do with holding a collection of near bankrupt no-hopers?

I wonder if you'll ever realise that buying decent companies at keen prices, with strong balance sheets and that throw off cash, is a better way to go. Very much doubt it!

[knigel] 28/1/2016 12:50

Ditto the entire market atm - banks, retail or mining to name three sectors. Happy to stick with my higher risk shares..

[eezymunny] 28/1/2016 11:56

PS love your comment on LSE KN! "holding quite a few AIM shares at historic lows". Not long til it's all gone IMO!

[eezymunny] 28/1/2016 11:25

Well KNIGEL, as you probably know the company said "We have created a special purpose vehicle for The Singapore Championship - The Championship (Singapore) Pte Ltd and have sold 15% of the shareholding to third parties for US$$750,000, valuing the company at US$5,000,000" on 30/9/14 but then later, in the 2014 AR said "The next tournament is expected in the first half of 2016 therefore after reviewing the value of the tournament rights, they have not been impaired." Ooops! There is no tournament scheduled! Oops oops! Oh and then in that same AR they declared that actually they had only sold 5% of the rights. Ooops oops oops!

Good luck.

[knigel] 28/1/2016 07:49

They sold 20% - so I am sticking with "IS" - you obviously - due to your single minded hatred of this company - can stick with "MIGHT"