Screen Fx Share Discussion Threads

[ljsquash] 14/8/2007 09:16

Come September 1 million will become 10,000 and no special permission needed for Buys or Sells. But at what price at this rate?

[k123] 14/8/2007 09:08

Just have to hold ,wait and pray?

[rcktmn] 14/8/2007 09:06

I've sold at a big loss...had anough...it's a real bummer!

I've gone itno BVM... hopefully will recoup some of my losses over the next few months

[bobby.ifa] 14/8/2007 08:56

Now 22.9% down and a top loser. Well done cottman

[bobby.ifa] 14/8/2007 08:53

Now 18%, what price will the new share placing be placed at? It would hardly seemworth it to existing share-holders. Totally stuffed. I'd like to know why the talks were terminated. I bet the Baliffs are on their way as we speak, eying up all the flat screens for the auction rooms.

[lloyd j] 14/8/2007 08:44

what a shambles!!! i bought at 1p and given up on ever seeing that again , disgraceful statement

[rcktmn] 14/8/2007 07:46

Grim isn't it !

[dealy] 14/8/2007 07:26

They have already raised £6m this year and now they need another £2.5m?

[bobby.ifa] 14/8/2007 07:12

Look at this pile of pooh statement. More dilution, running out of cash and no indication of the revenue these ventures generate.
Screen FX Notice of AGM/Business update


RNS Number:0294C
Screen FX PLC
14 August 2007




Press Release 14 August 2007



ScreenFX plc



("ScreenFX" or "the Group")



Notice of AGM, strategic business update and further funding



ScreenFX plc (AIM:SFX), the digital advertising and communications specialist,
confirms that the Group's Annual General Meeting will be held at the offices of
Halliwells LLP, 1 Threadneedle Street, London, EC2R 8AY on 5 September 2007 at
12:30pm.



Business and funding update

The Group has received interest in its recently announced National Advertising
Sales Agreement tender process. Combined with the recent progress of a new
performance-driven local sales model, the Group therefore announces that the
non-binding indication of interest with a major advertising company, as
announced on 15 May 2007, has concluded and the Group will not be continuing
talks in this regard.



Instead the Group will look to grow from its current 22 operating malls to the
next 20 malls with whom it has firm commitments, taking the total to 42. The
Group has a further 40 malls in the pipeline. As such, the Group is forecasting
to have in excess of 60 malls installed by the end of 2008 which will deliver
advertisers a means to access a total footfall of approximately one billion
people per annum.



In order to cover operating expenses during this process, and to implement
adjustments to the business model that are projected to bring the Group into
reporting an operating profit by the end of 2008, the Group is seeking further
funding by way of debt or equity of a minimum sum of #2.5 million plus costs.
The Group has already secured indications of support in principle from certain
existing institutional shareholders for #1.25 million towards the total needed.
Approval needed for the further share placing is to be sought at the AGM with
the Admission of the new ordinary shares expected to take place on 11 September
2007.



The Group also announces its intention to seek shareholder approval at the AGM
for the consolidation of its ordinary shares. In the proposed consolidation,
100 old shares of ScreenFX common stock, with a value 0.1 pence each, will be
exchanged for one new share, with a value of 10 pence each. Every 100 deferred
shares of 0.1 pence each will also be exchanged for one new deferred share of 10
pence each.



The Directors will be underwriting the initial operating expenses of #125,000
during the early stages of the fund raising process by way of secured loans
which will be converted post the fund raising into equity along with other
Director and adviser loans which total a further #472,000.



Mike Cottman, Executive Chairman of ScreenFX, commented: "The delivery of
top-line sales revenue, combined with the significantly reduced overheads should
deliver a strong and valuable mall business in the future."



- Ends -



For further information:
ScreenFX plc
Mike Cottman, Executive Chairman Tel: [phone]
[e-mail] www.screenfx.com


Seymour Pierce Limited
Stuart Lane / John Depasquale, Corporate Finance Tel: [phone]
[e-mail] www.seymourpierce.com



Media enquiries:
Abchurch
Henry Harrison-Topham / Gareth Mead Tel: [phone]
[e-mail] www.abchurch-group.com

[knowing] 08/8/2007 14:57

Looks like someone has said hey this drop is overdone and this price represents good value so I'll have a million.

[rcktmn] 07/8/2007 14:16

crikey! ..not looking good is it ? someone had to sell 700k shares @ .0022p and take a big loss. someone know something bad and is jumping ship ?
What's going on ?

[cgod] 06/8/2007 10:28

2 X 1 MILLION BUYS JUST GONE THROUGH.

[holism] 05/8/2007 08:28

Do you have a link?

[cgod] 04/8/2007 11:15

I have read the news from Brand republic and in share holder intrest cottman says that they are not selling off the malls, but he has 8 companies tendering to run the advertising. Within 18 months they will double the foot fall to well over 1 billion PA. All the 8 companies are saying that the big growth over the next period will be in the Malls. Sorry for some reason could not copy and post.

[rcktmn] 02/8/2007 12:30

yes... doesn't it pee you off!...
there has to be some news soon....

[cgod] 02/8/2007 09:52

could do with some news. this is being pulled down day by day now.

[knowing] 01/8/2007 11:41

Nought here

[cgod] 01/8/2007 10:20

Has anyone got the full story.

[rcktmn] 01/8/2007 09:38

there is a site called www.MAD.com but couldn't see anything on SFX first look

[cgod] 01/8/2007 09:30

Any one got access to WWW.Mad.co.uk. News out on screen this morning, can only get a bit of it. Screen fx has teamed up with some one to expand and run sales for its malls.