MUL - Multiemedia Limited

[Joe Blow]

MUL has performed strongly for the last couple of days after being sold off steadily for some time.

Are we seeing the beginnings of a turnaround or is it just another pump and dump?

Where is MUL going from here?

Any ideas?

[Joe Blow]

It finished the day at 5 cents, up almost 9%, on heavy volume of 68 million shares traded.

Tomorrow will be an interesting day for MUL.

::)

[Joe Blow]

Buy side depth is building early today... I have the feeling MUL will go higher initially but may get sold off again fairly heavily at the 5.2/5.3c mark like it did a couple of weeks ago. We'll see.

An good announcement might provide the lift MUL needs.

[stefan]

MUL, my favorite stock. It has been by far the best investment I've made over the last 12 months. I am not in the short term gain so I didn't sell at its peak of 12.5. I'm holding for much more than that. So far this stock was run on speculation and hype, which is exactly what happens to all of them first. Once they build up business, there is no holding back. I expect it to be way above 10c within 4-6 weeks and should they manage to get more big deals in the middle east and asian region, then I'm sure it will move into the low .02s easily. What happens from there is anybody's guess. There are too many shares floating around so I also expect a reverse split before the end of the year as they are still keen to become a $1 stock instead of a penny stock (NASDAQ intentions). So here's my schedule:

Mid-End July: 15cents
Sept: 20 cents
Oct: reverse split 3:1 -> share price 60cents
Dec: $1 depending on new deals.

Proof me wrong. Only time will tell. There have been so many postings about MUL, and lots of people got burned. I'm sure if you keep holding, this will come out nicely.

Bad points:
- Management
(Yet to proof that they are worth their money)

- China
I would assume it's hard to crack into this market

- Competition
Slowly building. If they can't close some more good deals, then things are looking difficult. However, at the moment, there is still nothing that can compete with their solution when it comes to SAT.

- Price
They will eventually have to lower their prices big time, especially for the equipment which is where they want to make a lot of money.

So there you go. It's a high risk investment and it should be treated like that. But with high risk comes high return or high loss. Don't bet all your money on this one, but make sure you have some of it in MUL!

Happy trading!

[stefan]

I forgot to add:
There will be lots of pump and dump games on this one before we see solid news coming out. Sine last July there have been so many of them, I gave up counting...

It's a bumpy road, but it may be worth the pain.

[Joe Blow]

Great post Stefan.

I am holding MUL and will continue to hold as I have confidence in their future and their technology.

Would be nice to see an announcement or two though!

[stefan]

Joe,

You're so right. It is time for more deals to be announced. But keep in mind, they are only doing this for a year now. It takes time to get big customers. However, there will be some SAT exhibitions and conferences in the second half of this year and MUL (Newsat) will be part of it. It's always a good time to make new deals so I personally expect the second half of 2004 to be the most rewarding.

The key is news. And of course the half yearly figures. I'm really interested to see those.

[Joe Blow]

MUL has an interesting chart. It has been in a steady decline since its price spike in January this year. It seems to have bottomed out at current levels. Just recently (last week or so) volume has increased with virtually no price drop indicating that some serious accumulation has been going on.

One good announcement could send MUL north very quickly...

[lms]

MUL is a guessing game it makes me smile with everybody thinking they can predict this stock, if I said last year at this time when they were 1 cent they would go to 12 cents then most people would have thought I was mad, including me.

However they raised 13m in there share scheme, they have moved offices, they have had meetings with China, they are in the middle east (is that where there is a lot of money) they have just announced a rural scheme if the goverment helps, they can deliver microsoft products on line!!

etc etc

I belive this stock can go up, there are some big transactions going on, didnt bill gates talk about rural stuff ! and a computer to everyone on the news?

I think its a bargin at these prices.

But then again those who dare either win or they lose!

I am holding. ::)

[brerwallabi]

Lets face it making money in MUL is easy I have stayed away from this stock prior to the beginning of June but its a great way to pick up $300-400 each and every day but I have slowly been accumulating every day as well, now you may think I am ramping this up but do have a few grand in this could be worth a new X5 BEAMER by Xmas.

[JetDollars]

Look like it's a good buy for MUL

[JetDollars]

My only concern about this stock is that it's not going to liquidate like LibertyOne or OneTel.

If you take the risk then there are alway opportunity for reward.

[Joe Blow]

My only concern about this stock is that it's not going to liquidate like LibertyOne or OneTel.

If you take the risk then there are alway opportunity for reward.

Speculative stocks are a tough one. High risk is definitely not for everyone.

When you do take a big risk it's important you understand what you are getting into. Learn everything you can about the company, its product and the market or industry it is a part of. Or at least know someone you trust who does.

I'm betting on MUL but you can never be 100% sure. I certainly hope it doesn't go under.

[JetDollars]

I agreed with you there, Joe.

but I am not ready to start speculation again...good luck mate.

[Joe Blow]

Interesting announcement today. Anyone care to offer an opinion about the following part of the interview?


corporatefile.com.au
You’ve stated that NewSat has grown rapidly since its launch in October 2003, with 1,000 successful installations in Australia and the Middle East. What have been the drivers of this growth and is the momentum sustainable?

CEO Adrian Ballintine
It’s absolutely sustainable. This is only the tip of the iceberg. We’re getting more business as users realise they can get voice, multicasting and video on a flexible, pay-for-use basis and at a quality that you’d only be able to achieve with a substantial cable connection. And RSSL of course gives us another avenue of growth. A recent study by Northern Sky Research in the UK says that satellite services revenue worldwide is expected to grow 20 percent per annum for the next three to four years and that the main areas of growth will be in the Middle East and Asia, regions within our satellite coverage.

corporatefile.com.au
You’ve stated that the future growth prospects for the NewSat business are more significant than initially expected. What are the growth opportunities for the business and to what extent will additional capital be required to realise them?

CEO Adrian Ballintine
All the work we’ve done over the last six months leads us to believe that
potentially we’ve got a very strong business, that our international prospects are promising and that we can now enter a new market with a product we didn’t expect to get for another 12 months.

Initially RSSL is a service we’ll provide in Australia. But we also perceive
opportunities for it in Afghanistan, Kazakhstan and the other “stans,” where
there’s not much existing cable, and where RSSL could provide highly
competitive voice solutions. Initially we didn’t realise how unsophisticated some of the world was in terms of its telephony. We’re servicing a dozen countries already with the LinkStar product, and taking orders from different countries every day. If we can provide a really effective low cost solution for those countries, we see huge growth potential there.

We’re currently doing a financial review to determine the long-term capital
requirements to drive the business. That will take us another couple of months.

corporatefile.com.au
NewSat made an operating loss of $1.6 million in the first half ended December 2003 on revenue of $431,000. What is the current revenue level of the NewSat business and when do you expect it to move into profit?

CEO Adrian Ballintine
We had a very good second half, with revenue of roughly $4 million. The first
half was the set-up phase, when we were putting our organisational structure in place and getting a better understanding of the market.

Our planning suggests we’ll still be in cash-burn mode during the first half of this year, but then we expect to move into cash flow positive territory in the second half.

corporatefile.com.au
Multiemedia reported a net loss of $4.6 million for the first half ended December 2003. Can you comment on the full year ended June and the outlook for 2005?

CEO Adrian Ballintine
We haven’t finished our audit yet, but clearly we’ll report a net loss for 2004. In the current financial year we certainly believe we’ll have a profitable business.

[JetDollars]

corporatefile.com.au
Multiemedia reported a net loss of $4.6 million for the first half ended December
2003. Can you comment on the full year ended June and the outlook for 2005?
CEO Adrian Ballintine
We haven’t finished our audit yet, but clearly we’ll report a net loss for 2004. In
the current financial year we certainly believe we’ll have a profitable business."

Quite an interest comment.....

Joe,
From the comment above do you think the share price will heading south....?

[Joe Blow]

Quite an interest comment.....

Joe,
From the comment above do you think the share price will heading south....?


No. They have set a timetable for profitability and seem confident about it so from here I am hoping there will be some good announcements that will nudge the price upwards.

MUL management seem to be doing everything they can to dispel a lot of the uncertainty around their short to medium term future.

I've got my fingers crossed.

:-*

[stefan]

Sorry for not posting anything re MUL lately. I was overseas for the last 8 weeks. Well, I have to say that the performance is rather weak. They obviously can't get any big deals going, otherwise they wouldn't hesitate a second to publish them. Anyway, these things take time and nothing is harder than predicting a high risk stock. I'm still positive that we see some major deals in the very near future. I was hoping for July and I still am, but it's looking more and more unlikely as the days go on.

My initial prediction still stands, but may actually fall into August. Doesn't change my big end of year target for now. I'm still very bullish on this and I'm holding a significant amount of shares from a year ago when it was trading at 1.6 cents. It's come a long way and gone back again but that's just a typical pattern for a stock like MUL. High risk runs on hype, then retreats on no news to gain final and lasting strength on good news. So we have reached the point where everybody is waiting for any good news. It's either going to happen or the price will drop back to levels not seen within the last 12 months. That's high risk for you. The rewards are great, the potential loss as well. No risk, no fun.

Reports like the one released lately are hardly proof of solid business progress. They should be regarded as blah blah trying to keep the market talking while they are trying to finalise substantial deals. I surely hope they can get some big fish in the middle east as well as Asia but these markets have prooven to be very hard to get into in the past. They seem to be optimistic so lets just wait and see. A price of 4 cents seems to be a realistic level so I wouldn't expect it to drop too much for now. It's all question of timing.

Now let me have another look at that Findlay report they used to mention so many times before. I have to check what their predictions re profit/loss was.

Good luck with MUL. May your willing to risk a few $$ be rewarded!

[stefan]

Market activity today indicates a news release is around the corner. As mentioned before, I do expect a contract announcement soon, but I have no further details. I'm just keeping an eye on it. Today's note regarding the best performing stocks that was released this morning couldn't have anything to do with the current increase. I'm speculating that a new contract will be announced shortly. Maybe my July target will come true...

So far, MUL has always gone up PRIOR to any news which makes me wonder why, but that's just the way it is so increased market activity has been a good sign of pending news.

I'm holding MUL and I'm biased, so do your own research. This stock has burned a lot of traders before and should be regarded as HIGH RISK.

Happy trading

[Joe Blow]

Yes, today's trading was interesting and I also get the feeling that there may be an announcement or two around the corner regarding contracts.

Lets hope so.

I continue to hold MUL and cross my fingers.

;D

[stefan]

Well, that was just another one of those last minute sell off we've seen on MUL many times before. A few million shares traded within the last 15 minutes, mostly sellers. It's still in green which is something considering how the market went today. Anyway, they hardly ever release news on a Friday so we will have to sit and wait...

[Joe Blow]

Well, that was just another one of those last minute sell off we've seen on MUL many times before. *A few million shares traded within the last 15 minutes, mostly sellers. It's still in green which is something considering how the market went today. Anyway, they hardly ever release news on a Friday so we will have to sit and wait...



Yeah, it was a little disappointing to see that, particularly after the momentum it had built up during the day.

But as you said, it closed in the green so I it's not all bad. Tomorrow is another day. ;)

I think MUL is going to see a fair bit of selling on any strength as the short term traders hop out and realise profits. I'm going to try and trade in and out of it a bit more and hopefully increase my stake.

[Joe Blow]

It does seem to have found real support at current levels.

[stefan]

Joe,

I wouldn't get in and out on MUL too much. This one has the potential to move fast and you could well be left out in the cold. I'm just holding, even if it's tempting to actually try and profit from its movement. Anyway, good luck. I think you're right. It has found support around these levels but I wouldn't bet on it if the figures will be overly disappointing. Let's just hope they can announce some good deals before they release their figures for 2004. That would eliminate any fears of a further down turn. I'm most positive on MUL and I can't see it going down the drain for now so I'm holding to really profit big time should it start to move up.

[stefan]

Interestingly there is an undisclosed bid on MUL at the current bid level which is highly unusual and therefore should be considered genuine in my view. Normally you would see those bids 1 or 2 levels below the current bid price but this time it's different. Will be interesting to see how big it is and if it really stays there.

I'm convinced that something is about to happen here.

Happy trading

[Joe Blow]

Interestingly there is an undisclosed bid on MUL at the current bid level which is highly unusual and therefore should be considered genuine in my view. Normally you would see those bids 1 or 2 levels below the current bid price but this time it's different. Will be interesting to see how big it is and if it really stays there.

I'm convinced that something is about to happen here.

Happy trading

Yeah I saw that U bidder appear too and was immediately sceptical because I've seen U bidders appear and disappear too many times on MUL.

But this one could be serious. There hasn't been too much selling today... I think the market is half expecting some kind of announcement soon re: contracts.

Let's hope so.

I'll feel a little more confident when there is more at market buying. Maybe it's the quiet before the storm?

[stefan]

Currently there is only the U bid left for MUL at .044 so lets keep an eye on it to see how big this order is.

I agree that volume is pretty low today so news are not that close. Considering how much MUL has come down over the last couple of months, It would now be at an interesting price level even if we know that they will produce a loss for 2004. However, we should also look back a bit on this one and take the famous findlay report as a guide.

You can download that report here:

http://www.multiemedia.com.au/pdfs/FINDLA~1.PDF

They predicted a 3.7cent/share profit for 2004. Therefore already management has not reached its goal. There are reasons why, including the quicker expansion the middle east and the opening of other beams in advance, but nevertheless, they failed to make money out of their business in 2004.

If we take their argument into 2005, then cleary they should be able to top the findlay report in 2005 as they now have more sorces for income than what findlay assumed when they created the report.

So:
For 2005 they are expected to make a net profit after tax of 82 million dollars, based on 4000 customers.

Reading the latest statements, management is talking about having "more than 1000 customer" already. This would be inline with the expectations for 2004.

Because of the higher cost involved to open up more transponders and the middle east market, they will make a loss instead of a predicted 34 million profit in 2004.

So they have not been able to produce enough income out of the 1000 customers in 2004 to cover for the additional expenses. They even had to rise money with some obscure fund rising, even so they still had millions of dollars in cash left over which they plan to use on other stuff.

The report is expecting a dividend of 2.3 cents a share for 2005, expecting a 9 cent/share profit. From that point of view, MUL is a bargain at its current level.

If we consider that they have a bigger potential from a technical point of view than what the Findlay report assumed, I would consider MUL to be a VERY HOT investment in 2005.

It all depends on what management will deliver over the next few weeks and months. The end of year report is most likely released in September and that could proof crucial. If they can come up with more deals before then, nobody will care much as money would finally be flowing.

If they can't, then MUL will go down much further, maybe even towards the 2 cent mark. This would have to be blamed on management and their greed to get rich quick with funny option deals. The market doesn't like these kind of things, especially if management fails to produce results.

I'm holding a big stake in MUL and I'm confident that they are able to produce the results. It may take a bit longer, but the potential for 2005 is very attractive:
Let's assume they can live up to the report and deliver around 6-7 cents a share. 8 times EPS would out the share price to 55cents. I wouldn't complain if that would happen... ;-)

I'll post more on MUL, but for now that's more than enough reading for the day ;-)

Happy trading

[Joe Blow]

Great post on MUL Stefan. I agree with virtually everything you said.

There are a lot of people out there who hate MUL. Some of them got burnt back in 2000 on it. Some of them don't understand their technology or the market for it.

In my view, at current levels MUL is one of the best speculative buys on the market. It's also one of the best trading stocks around.

All in all, I've done quite well out of it.

And I'm still holding! ;)

[Guest]

MUL have signed on many ISP,S over the past six months . who in turn are promoting their services . Some affiliated and interesting sites to look at
www.bushtech.com.au
edgeaccess.net
www.apertura.com.au
www.transcom.com
www.peopletelecom.com.au
www.truebroadband.com.au
Other probable affilliations,
Soul Pattinson Communications
Airworks Media Pty Ltd.
Harris Technology
www.broadbandwireless.com.au
www.satig.net
Each of these are signing on MUL,S services, and there are probably many more around . It will be quite easy to rack up 1000,s of clients with minimal effort from MUL itself. I have found this information with minimal effort through GOOGLE . A lot of homework has been done and it would appear only time is needed for their shares to make solid gains .
Incidently ,I hold some shares bought in 2000 at around 75 cents . I held and in 2002 was offered 100,000 shares at 1.5 cents direct from the company , some of which I sold at 10.5 cents to take up issue at 6 cents in October 2003 .My shareholding has basicaly paid for itself . These shares are ready to go places. Regards, KOOKA

[stefan]

Hi Tony,

Interesting comment. Yes, you're right regarding the 1000 customers. It's really more of a question if they can produce the growth neede to create a profit out of their services. One problem I see is that they have done more on the technical side by opening up markets that they didn't plan to that early. This is costing a lot of money and may take longer to turn it into a profit.

I do agree with you that time is the key. It is currently valued according to what it is right now. Not what it has the potential to become. This is why I'm holding big on MUL. It could become extremly rewarding once they step out of the shade.

I am however very negative about their management. These guys are just a bunch of clowns and they will need to proof themselves first before I give them any credit. All they have proofen so far is that they are keen to make a lot of money for themselves with all those stock option deals they've come up with.

I normally wouldn't invest into a stock with a management like MUL's but the outlook for this solution is just too good to be ignored. They may actually find that their market is much bigger in the Middle East than in Australia which may turn out to be an even bigger plus for its share price. There is virtually nobody around to compete with MUL in those countries.

All in all, MUL will either be my best investment ever (so far its been exactly that) or I may have to take up a second job to cover my losses...

Happy trading

Stefan

[Guest]

Hi. Stephan,
I don,t think the management are that bad, after all Ballantine is the person who started the buisness , and has been there for 20 years . But it is the lack of information that is a real annoyance . It,s hard to make an informed decision on speculation. One good point with MUL is they have about $10 million in the kitty which is enough funds for about 18 months running costs . We have plenty of time to jump ship if things become suspicious .
Tony

[stefan]

Tony,

I don't agree as far as management is concerned. So far they have failed to proof that they are there for the company and it's shareholders. The only thing they ever did was working for their own benefit, making sure that they each have enough shares (without substantial costs for themselves) to get VERY rich once the price goes up. They have come up with lots of option plans for themselves, calling it an insentive for management to work hard. That's just not true. Almost 100% of their options have been in the money already when they were released. All this is for, is to get rich quick. Not for the benefit of the company but for themselves.

I don't care if Adrian has been there for 20 years. As long as they don't act responsibly in the best interest of their shareholders, then there is no credibility.

Adrian Ballintine is getting paid 240K plus lots of options, all of them already in the money. Seriously, this is just a typical hightech company structure we've seen in recent years. Taking as much out of the company as you possibly can, just as if there is no tomorrow. (Let's just hope there is...)

Yes, they have plenty of cash and I'm very much interested to read the report for 2004 to see what changed in regards to salaries and cash.

I can't change it. Management has not proofen that they are serious. Not until they stop selling shares and stop trying to get rich quick via those funny option plans.

And yes, you are right. Their information policy is horrible. In fact we are all left in the dark as to what happened to that cash after they didn't proceed with the aquisition in the US. Strangely they have just rised another few millions all with option plans that are already in the money.

I'm happy to hear your answer to my points. Maybe I missed something that would indeed put these guys into a better spot.

I'm holding MUL because I believe in its product. So I don't sell. And neither should a director of the company.

Happy trading!

Stefan

How can a director (Clinton Star for example) be selling shares in a company he's supposed to lead?

[Guest]

Hi stephan ,
Sure i am not happy about their recent options issue , and it would have been fairer to offer all shareholders a slice of the cake .This would have entailed the cost of a prospectus and perhaps 4 weeks of time to fulfil raising such a nominal amount , time as I understand it was imperative to seal their RSSL deal . Until I can read their annual report to confirm otherwise , some shareholders have received a generous benefit from these options , but also I believe all shareholders will benefit in the future from this fundraising. In 2002 I took up an entitlement to 100,000 shares at 1.5 cents . They have been fair to all shareholders previouly .

Tony

[stefan]

Tony,

Your argument regarding the time and cost involved in a public offering are noted and that's what Adrian used as the argument in that interview he had recently.

However, my question is, if they really have 9 millions in cash, then it would have been SO MUCH quicker to just pay these 3 millions and then rise more money if that would be needed.

The way this looks to me is that there wasn't enough money (liquid) left so they had to come up with something to pay for this deal. And that's the scary part that we don't know until the report comes out.

I don't call it fair to offer a few shares every now and then to shareholders when they treat themselves like little kings. It's just not good enough when only the directors get rich. Even if lots of shareholders will get some nice money if this stock moves up into the 30cents area, these guys will be left with so much money that our profit will look like peanuts.

My point is that a solid, serious management would not try to profit on endless option deals before the company is actually making some money. Shareholders are interested in a solid, profitable business. Not in filthy rich managers. If MUL would be profitable then I would be willing to look at it from another point of view. But when the company is actually making a loss, then management shouldn't get ANY benefit at all before they turn the boat around. You normally get your reward after you delivered quality. Not before.

I strongly believe in MUL and I'm very positive that this product is great and unique in its performance. So by all means we need a bunch of professionals at its top. Nothing against Adrian. He seems to be the big guy but then you have to ask what all the other ones are doing there. Except for selling their shares like Clinton Star has done many times.

Well, MUL is my bet for August to become the top performer. It's going to be hard, but it's not impossible if we finally get some good news.

Happy trading

Stefan

[crocdee]

hi stefan and tony
just joined the forum. have been a holder of mul for a while at the moment not in the money however do agree that potential is there to make a good profit. also disappointed in management antics with share issues.
lets hope some good announcements come sooner than later ithink the share holders deserve a better deal here
regarde croc

[ghotib]

Do people see their gains coming purely from price movements, or do you see if as an ongoing business.

On 5 minutes reading - which is obviously much less than some of you have done - there are some colossal risks to the business. Political and economic instability in their anticipated growth areas, plus the possible impact of the US FTA are 2 that hit me in the face.

I know it's speculative, but still???

[stefan]

On 5 minutes reading - which is obviously much less than some of you have done - there are some colossal risks to the business. Political and economic instability in their anticipated growth areas, plus the possible impact of the US FTA are 2 that hit me in the face.

Interesting point regarding the US FTA. What makes you think that this has an impact on MUL? I so far couldn't see anything like that.

I certainly believe that this is a good product that has quite some potential in it. I do believe that this company has ongoing business that will substantially underline their growth over the next few months. If they can manage to sell this product then the next few years are looking bright. Hard to tell what's going to happen in this area of the market, but for now their technology is far superior to any other competitor like Optus or good old Telstra. Not to mention that the middle east/asian market certainly has a lot of potential.

I'm in because I believe in the product and the potential behind it. For this, I will be a long term investor. I have no intentions to sell on the first move. (Otherwise I would have done so when it was at 10 cents).

I have personally spoken to MUL about their solution at a very early stage before they launched it. I got all the technical details and I must say I did quite a bit of reading. Not to mention that communications is my daily business anyway. I've come to the conclusion that this one has potential that's not currently reflected in its share price, so I bought in for the long term.

Of course there are substantial risks in these kind of investments. A good product doesn't mean success. You'll have to sell it first. We don't know how well they are doing this at the moment and I have mentioned my disappointment in management in other posts. It all comes down to your personal style of investment. This is certainly not a safe play in anybody's terms. It just one that IMHO is well worh watching if you're after a high risk/high return stock.

[ghotib]

Hi Stefan,

My comment about the FTA was because I thought I'd read here that MUL had a new technology, which I took to mean that part of their potential growth was based on an intellectual property. IMO US patent law is as screwy as US copyright practice, and the FTA seems to bind us to both.

I've had a bit more of a look at MUL since my original post though, and it looks as though its new product is actually satellite based communication. Is that right? The only thing I saw that might be called "new technology" is Voice-Over-IP. That's actually a protocol and in the public domain. They might have some sort of proprietary implementation, but I didn't see anything on the website to indicate it. So I withdraw my doubts about the effect of the FTA.

However, one thing I noticed on the website was that twice they spell voice-over-IP as voiceover-IP. Call me picky, but I get nervous when a company can't spell and/or doesn't bother to proofread its own technical language. In a case like this one, where the technical language refers to a technology that looks like being flavour of some month pretty soon, it makes me suspect that marketing and sales have excessive influence on company behaviour. I know that must sound paranoid, but I earned my paranoia over 20 years in the software industry and communications is a very close cousin.

I haven't worked out the relationship with NewSkies or how MUL actually earns its money from the communications business. In one announcement I saw it seemed to describe itself as a reseller, and I don't understand how that fits with ownership of the satellite.
or what proportion of MUL's business derives / is planned to derive from which of its 2 business units. My guess would be that the hardware integration/distribution is supporting the communications. That might work, but it's a ferociously competitive field and if there's delay with the satellite stuff then they'd be in two ferocious competitions with, as far as I can see, no reasonably steady income stream at all.

This is all qualitative - I haven't looked at any of their financials and I haven't looked at any figures on growth of satellite communications. I'm very open to being convinced that there's a real business here, so fire away.

Ghoti

[stefan]

Ghoti,

I suggest you read more about MUL instead of me listing all the things that I might consider important.

Just a quick overview:

- MUL does not own any satellite. Instead they "leased" the beams that cover Australia, the Middle East and China. So what they are trying to do is selling the transponder capacities to resellers and directly to the public. Check other statements in this thread for details.

- Voice over IP as such is as you said just a technology to transmit voice over the internet via TCP/IP. Now the potential everybody is talking about in the industry, is that you don't need phone carriers anymore as one can offer VOIP much cheaper than normal phone calls. Well, I'm using Skype for me overseas calls but for now this is far from perfect. I don't actually see much potential in VOIP myself and MUL has so far not done much to push this technology. They didn't even implement it in the first phase. (Which is probably why they can't spell it correctly... ;-))

- Newskies is the owner of the NSS-6 VSAT Satellite that MUL is leasing the transponders on. NEWSAT is the company under which these services are offered in the covered areas. From the newsat website:
NewSat is a partnership of satellite broadband specialists. Together with NewSkies, ViaSat, Kavera, IP Access International and Advanced Projects, NewSat provides a range of next generation broadband solutions to Australia and 60% of the world's population.

I better stop now. This is post is getting way to big again. ;)

Happy trading

Stefan

[Guest]

Ghotib, I have held stock in MUL FOR AROUND FOUR YEARS . Several trades over the years have given me healthy profits , and the holding I have has not cost me anything because of this . 5 minutes reading on this stock and you are an expert! Please do a little bit more homework before you denigrate others .

[ghotib]

Hey. I didn't intend to denigrate anyone and I apologise to anyone who thought I did. I don't quite see how you can think that think I'm an expert on the company, but be assured that I don't. Au contraire.

I posted my first msg because my 5-minute read turned up a couple of red flags on MUL as a business. I dug around a bit before my 2nd post, and I've now dug around some more. I've learnt a little bit about satellites and VSAT. That's very interesting, but it doesn't tell me anything about MUL's technical strength or management competence.

I note that Stefan is less than happy about the management, but he believes in the product and holds the stock on those grounds. I also note that he's in the communications industry, which suggests that he has a much better base than I do for understanding the fundamentals of MUL's business. However, I was in software for a long time and even before the tech wreck I saw I saw manglement confusion and ignorance overwhelm fine products and finer people several times. Makes me wary.

Tony, I'm delighted you've made healthy profits trading MUL stock and I hope you do so again.

Cheers

Ghoti

[stefan]

Ghoti,

You're right about the many examples of good products going down the drain. I guess it comes down to your personal sentiments about a company and its product. If they don't fit your investment criterias then you'll have to look somewhere else. I'm the first to agree that MUL is a risky shot and that many things can go wrong. I did however a big amount of research before I bought it and as I said, based on that I felt like investing into it simply because I came to the conclusion that they are undervalued. Remind you that I bought them at a much cheaper level than what they currently are. Yes I still see much more potential but the price will only move after some major deals with reputable companies. *That's what I'm waiting for. These things take time. I'm prepared to give management that time and to proof themselves. Doesn't mean I'll treat them like gods. So far they are not doing what I would expect them to do, so I'm not happy.

I do invest in companies that I believe in. Normally I have to be sure of both, management and product. With MUL it's all based on product which makes me sleep less comfortable. But sometimes you can't have it all. A bargain often has a few catches and it's up to you to decide if it's still worth it for you.

Happy trading

Stefan

[crocdee]

hi guys
been a follower of mul for awhile out of the money at present. seems to be quite alot of accumulation at 4.3&4.4c.
does anyone have any thoughts as to when we are likely to see some action. obviously that will precede an announcement. jeeeez i hope its soon.
stefan i hope you win the comp mate. NO DISRESPECT TO THE REST.
regards croc

[stefan]

Crocdee,

While I'm holding a lot of MUL for more than 12 months now, I'm unable to predict any movement other than what I posted before. As you said, it's all down to news. It is currently trading on very low volume and I wouldn't expect too much of a move either way without any news. I do have a feeling that it may test the 4cent level if no news are released. Anyway, I remain positive and the reason why I picked MUL for the August competition has to do with timing. They will release the 2004 report mid September and I'm pretty sure that they will come up with news before then just to keep the market happy before they post a loss. There are a few events happening in the sat industry over the next few weeks and I hope that this will create some interest.

[Guest]

Crocdee ,check out www.atug.com.au , a seminar being held 5th August MUL are the major sponsors before Optus and Intelsat , with Ballantine being one of the malor speakers. This is BIG exposure, and I would expect some news from the company in the immediate future . MUL has dozens of things happening at the moment , which I hope are being consolidated , it,s great to get 1000 customers , but you need to service them at the same time . If they have their finger on the pulse , it,s only a matter of time when shares start to move .

[stefan]

it,s only a matter of time when shares start to move .

Yep. Only time will tell. MUL should be regarded as a speculative investment based on the market potential their solution seems to have. It takes a lot of time to convince the market of something new. You either have the nerves to sit it out or you don't and look for something more predictable.

Happy trading

Stefan

[crocdee]

tony
thanks for the link. maybe today will be the start of restoring confidence back in mul. u buyers obviously trying to prop up the price but not actually being genuine is a worry. back again today.
stefan hits it right on the head here patience hopefully will be our virtue with this one.
croc

[stefan]

Croc,

U bids on MUL are always reason to worry. As you said, most of them have been fake before. There were a few genuine ones but they are normally rare and very seldom right at the current BID level but rather 1 or 2 steps below.

Would be interesting to hear what Adrian (CEO) has to say today in Sydney, but I'm sure we will hear about it via some sort of news release.

Happy trading

Stefan

[stockGURU]

U bids on MUL are always reason to worry. As you said, most of them have been fake before. There were a few genuine ones but they are normally rare and very seldom right at the current BID level but rather 1 or 2 steps below.

This one is real.

Someone just dumped around 7 million shares at 4 cents and he took them all.

[still_in_school]

alrightie guys,

with so much talk about MUL, have placed a bid and have jumped on to the stock, but only have put a very small amount of capital in it.

Cheers,
sis

[stefan]

sis,

good luck with it! there is something happening with MUL after a long period of low volume. Don't expect this one to run within a few days. It's my pick for August but it's most likely going to be a while before something good comes out of it.

Happy trading

Stefan

[crocdee]

sis welcome aboard
like stefan i think they have the product however management from my point of view does suck. shareholders come second here (my opinion) get a good ride when its going just gotta know when to get on and stay off, bit like leathal weapon at movieworld
(if you have old bones like me)

regards croc

[stefan]

Croc,
As you would have seen in my other postings, I have the same view about management as you do. Maybe it's time that some shareholders actually start questioning them at their annual meeting. To my understanding last time there were only very few people attending and nothing critical was said or done. All we need is some 700 Million shares, then we kick their butts ;)

Happy trading

Stefan

[crocdee]

stefan
youve won me however i live in perth. happy to give you or any other disgruntled shareholder my proxy.
was hoping sp would remain around 4c looking at todays opennig i would say 3.5c here we come. might buy afew more if that happens. not sure at this stage though

regards croc

[crocdee]

a 5mil buyer @ 3.8c sitting at the bottom of the 3.8s be intersting to see if they hold their position

croc

[stockGURU]

MUL is fighting to stay above 4 cents and I think it will do it.

I'll be very surprised if MUL finishes the day under 4 cents.

I think this early selling is mainly because of the shocking day they had in the US markets overnight.

[crocdee]

very interesting the 5mil bid @ 3.8c has just been pulled

croc

[stefan]

Croc,

We shall see. I'm not sure it will drop to 3.5 that quick but you never know. I think a lot of investors have given up after holding for 12months. They rather cash in at current levels than holding for more. After all, if you're holding from 1.6-2cents then 4cents is still a nice gain for 12 months. I for one am just too greedy to sell now. Not after holding that long. I'm planning to sell once we hit 35cents. That will do me just fine *;D

I will consider adding more anytime below 4 cents but for now I'll wait and see.

Let's have a quick chat before the annual meeting if we are still holding by then.

Happy trading

Stefan

[crocdee]

stefan
these owe me 5.1c so will probably be still holding for awhile yet. still reckon they will drop lower will buy more then. the touble is you just dont know what management is likely to do before end of year financials
3.8c now and not looking strong
have an appointment at 1030 wst so will be away for a while

regards croc

[stefan]

Croc,

I agree. You never know with this one. Unfortunatelly it tends to run away very quick and always ahead of official news. It's pretty tricky to catch it at the right moment.

Happy trading

Stefan

[ghotib]

Yeehaaa!! This is more fun than a young horse on a windy day. I'm gunna climb on just for the adrenaline hit ;D

[stefan]

Ghotib,

There will be plenty of adrenaline hits with this one... But if you hold for the long term, then it's rather boring.

Happy trading

Stefan

[crocdee]

ghotib
not quite sure what direction you are coming from with this post
regards croc

[ghotib]

Hi croc,

Nowhere in particular. My dealings to date have been in low volatility stocks that pay fully franked dividends - very sober. I'd never paid much attention to a volatile penny... - well let's just say to such a highly volatile stock as MUL. Watching it on Thurs and Friday reminded me of my time in the bush, and cold, sunny August days when the old horses would dance in the wind and the young ones thought they could fly. Guess I got a little carried away, but I liked it ;)

[crocdee]

hi ghotib
thursday and fridays volitilty of this penny---- stock was nothing compared to what it can do. like those young horses it can really fly. im looking forward to when it happens again and it will. unfortunately i believe it will fall lower which doesnt excite me however if it does im set to pick up a few more. some refer to mul as a dog and i cant argue with that but if you get your trades right then theres money to be made. at the moment its acting like a dog and not a young horse but i do believe they have the goods and the dog will become a horse and fly again

regards croc

[stefan]

Keep an eye on it this week... It's trading the way it has in the past when news are about to happen. A selloff followed by increased activity in the opening hours. I bet there's something in the pipeline. All we can hope for is that it's actually substantially good news and not just some gerneric talking.

I'll be back with a bit more on MUL, but I have to run for now.

Happy trading

Stefan

[crocdee]

howdy stefan
yes things are looking a little brighter. should finish in positive territory today. trying to pick up a few more @ 3.8. tomorrow should give us an indication as to where mul is heading.

regards croc

[TOP_GUN]

Hi guys

Been watching your posts for a while and mostly agree.

I’ve been doing some homework mostly in regard to Newsat however Multie distribution seems to be picking up some extra business on the back of newsats contracts, Multie factor their creditors and would be helping the MUL cash flow I think.

Today in the Age sale of Plasma screens as part of a contract for video conferencing was mentioned, the money made from the hardware sale would be stuff all, the real money is in the bandwidth you must use (512/512 – Up and down) now if you do some home work you will find the most cost effective way to handle this data flow is NEWSAT, not ADSL other copper services.

I believe that Newsat have many more contracts than they are letting on at the moment and the ramp up time to get some serious data moving longer than expected, I also think that the cost of hardware has been a deterrent IN THE PAST, so stay tuned for some changes, I really believe that they have a good team working there and the biggest problem as mentioned in the Age today is getting enough staff to service the new clients.

Good luck

TG

See also
http://theage.com.au/articles/2004/08/09/1092022394304.html

[stefan]

Top,

Your argument regarding SAT versus ADSL is true, but there's a catch. Installation costs are much higher for sat solutions than for ADSL so it will only ever be interesting for bigger companies or somebody who just simply can't get any decend broadband any other way. Anyway, it is a powerful solution and it takes time to establish it. I am REALLY hoping they have a few big shots lined up for us ;-)

Happy trading

Stefan

[stefan]

Croc,

Been busy but still keeping an eye on MUL here. Well, I'd say the closing hours will show us if there's another sell off happening or if somebody loaded up ahead of news. I go for the second one, so let's wait and hope... :-)

Happy trading

Stefan

[TOP_GUN]

Stefan

"also think that the cost of hardware has been a deterrent IN THE PAST, so stay tuned "

In other words I agree with you and stay tuned...

"In the past"...

Now we just need to polish up our reading between the lines, there are some really good things in the pipe line for Newsat, how does one find out things like this?

???

MUL is set to move, UP I hope!
(I'm holding..)

Regards
TG

[Joe Blow]

MUL is looking solid towards the end of the day.

Here's hoping it finishes at 4 cents!

:P

[Joe Blow]

MUL is looking solid towards the end of the day.

Here's hoping it finishes at 4 cents!

:P

Oh well, maybe tomorrow.

;D

[stefan]

In other words I agree with you and stay tuned...
"In the past"...

Top,
I know, with RSSL the price will come down a lot. But keep in mind that MUL has also stated that they will make lots of money out of equipment sales. Now if prices come down, that will affect this side of the business.

Anyway, it's good to see a reliable, affordable product being released to the market. So this will certainly help spreading the word.


MUL is set to move, UP I hope!
(I'm holding..)

Well, that's what I'm looking for. But we shouldn't start dreaming. There is a lot that needs to be done before the price will go up significantly. I have put up MUL for the August competition because I think they have to provide some more news before the year end report is due. I don't expect it to explode in August. Just a nice move towards the old levels in the 6-8 cents area for August would be fine.

Happy trading

Stefan

[GreatPig]

Latest price chart as requested.

Cheers,
GP

[TOP_GUN]

Hi Guys

Stefan I'm not saying they should make less on the equipment, just look at other ways of supplying it.


One example would be a lease, tax deductible. As the price per MB falls the payments would seem less.

A business that was spending big on teleconferences would be far better off using Newsat, adding voice over IP and sharing files between offices would be the icing on the cake.

I trust MUL are targeting such businesses, (without even mentioning Medical/Teleradiology, Education etc.) think how many there are that have 2 or more offices, I guess what I’m saying is I believe in the business plan and I can see it coming together albeit later than we had hoped.

Seem to be talking to the converted, I'm happy for anyone thats picked some up at current prices.

TG

[stefan]

Top,

I agree. There are many ways to show that 2 way sat is cheaper to run than ADSL or anything else. As you said, you're talking to the converted... ;-) I would assume that MUL is currently focused on the middle east market rather then the domestic one. Just seems to be the better place to sell sat services due to lack of anything else that would allow fast communication. Well, I don't really care where they make the money and one of the main arguments why I'm holding MUL is that they cover such a big area with their product. It costs a lot to implement it so all we can hope for is that they can make enough money out of it to satisfy their greedy share holders ;D

Let's see how it goes today.

Happy trading

Stefan

[stefan]

GreatPig,

Thanks for the chart. Looks rather crappy to me, but since I'm not a TA I will ignore it ;D

Any comments welcome...

Happy trading

Stefan

[still_in_school]

... on the T/A side of MUL, doesnt look too good, the chart above is showing a tweezer top... could be a while till we see a bullish rally, but lets wait and see how today goes...

still holding on though...

Cheers,
sis

[stefan]

I tell you, there's something in the bush. No matter what the charts say ;)

That's pretty strong support at 3.9 for MUL and I'm betting that they will announce something this week. This trading pattern is just too similar to the ones we saw whenever there was news around.

One thing keeps bugging me. Why are there people out there who know something so much in advance? Why is MUL always trading upwards BEFORE the news? I think I have to invite their CEO over for a BBQ. Maybe this will help ;D

Good luck to all MUL holders.

Stefan

[Joe Blow]

Buyers starting to pick away at 4.1c now.

Let's hope it maintains this upward momentum.

I ignored my stops on this one... I'm not going to let it happen again.

:-X

[crocdee]

hi all
been away in the bush since 0400 hours just got back.
nice to see mul buyers still accumulating. i think it will be a good sign if it can hold at least 4c on close. would be a better sign if the 5mil? man moved up a notch and took out the 4s.
something looks like its brewing.
definetly agree with you boss about the stops

regards croc

[crocdee]

jeeez the 5mil? man is starting to get his share at least hes genuine
want a close 4 or above maybe some late action who knows

croc

[crocdee]

well closed @4c on slow but steady buying and still looking positive. your thoughts stefan?
TG i know youre strong on mul what do you reckon.

hey boss how come some of my posts are not being counted. nt that it really matters, just wondering

regards croc

[stefan]

Croc,

Nice close at 4 cents. All I can say is that I still believe we will see news within days. But then again, it's MUL, so your guess is as good as mine... ???

There are some serious buyers at 3.9 all over one million in size. Makes me think that something is about to happen. Nice volume today, but mind you we saw 80-90 million shares traded on MUL on a day with news. That's what we need to move it. Lots and lots of activity. Until then I'll just sit and wait. Been sitting on my MUL shares for so long, it doesn't reall matter to me. The only thing I'm looking for is an increase in August so that I win the competition ;D

I suggest we all relax and see what happens. Maybe the dip in price was due to a director selling his stake... Clinton probably had to pay his phone bill and needed some cash. ::)

Happy trading

Stefan

[TOP_GUN]

crocdee and team

I say 15c ;D

When is the big question!

I've been betting on an announcement for some time now, I believe that at least one will be related to new Newsat services, (next week according to my tea leaves) there are also some nice contracts for grab and I trust NS will get their fair share.

Sell if it goes below 3c else hold and take profits as soon as your happy, it will go up one hell of a lot quicker than it went down, but down it will go and by then I would have sold some.

TG

[stefan]

So the annual meeting is scheduled for the 10th of September. Requesting approval for another 30 million options to Findlay.. I'll have to read the details first, but that sounds just like another fishy deal between MUL and Findlay.

Let me read up first...

Happy trading

Stefan

[kooka1956]

T.G. Nice to see you here as well . Weren,t you going to wait till an anouncement happened . Anyway topped up my holding yesterday , I,m looking to sell at around 35 cents in 12 to 18 months to pay off the house and like Stephan I have held shares for a long time, most purchased at early last year prices . Regards Kooka.

[crocdee]

hi guys
just received notification mul calling a general meeting 10 september for shareholders to approve the issue of options to assist in capital raising (possibly the previous 1 centers to the mates who knows ? ) also the issue of a number of shares and options which occurred since 7 november 2003.
we should receive mail this week.
be interesting to see what happens now with trading tomorrow.

regards croc

[stefan]

I very much doubt that anything much will happen tomorrow based on that.

Anyway, correct me if I'm wrong here:
They seriously plan to pay Findlay another 30 million options for consulting services at an exercise price of 5cents. Expiry date is Sept/06. That's 2 years from now. The second options will be issued for free.


The fund rised by the exercise will be used to finance the launch of the RSSL product.

WHAT FUNDS??? Somebody please enlighten me here. If they issue the options for free and the exercise date is 2 years from now, what funds can they rise to finance a product that they want to release right now????


Issued in return for provision of financial advisory services
Let me see... 30 million options at 5 cents = 1.5million dollars. That alone is quite a figure for some unspecified financial advisory services. Assuming that MUL would be worth 30 cents within 8 months, that would be $9 million dollars. Findlay already got another 30 million options, so that makes it $18 million, not to mention the 20 million shares they gave them. Excuse me, but are they all insane?

Somebody post something to calm me down, please.

??? ??? ??? >:(

[TOP_GUN]

kooka1956

That was elsewhere!! And a while ago I posted this boards address there.

What's the use posting answers to posts like "MUL is crap" "MUL is.." and such, there will be ann's coming and I'm not talking about today’s notification.

When they come I will post them there.

MUL needs cash to ensure they can fund the lag time between having services in place and making a profit, while I would rather the directors go to the bank and put up their houses for the money I guess their mates will have to do, so you have to ask yourself are all the boys stupid and throwing good money after bad or have they been given the winning lotto ticket?

TG

[stefan]

When they come I will post them there.

Let me assure you, there will be no need to post them once they are released ;D

Happy trading

Stefan

[crocdee]

hi all
buy side looking weaker this morning pre open
5mil?man @ 3.9c has pulled his bid
regards croc

[Joe Blow]

So how many shares exactly does MUL actually have on issue (I know it's over a billion) and what is their current market cap. given a share price of 4 cents?

[crocdee]

hi joe
1,229,105,652 shares
$46,706,015 undiluted
regards croc

[Joe Blow]

hi joe
1,229,105,652 shares
$46,706,015 undiluted
regards croc

Thanks croc! ;D

[kooka1956]

Thanks T.G. I don,t bother posting anymore on that other site as too many blow ins for my liking , with nothing better to do than waste peoples time . I don,t mind constructive criticism , but some characters are over the top . Joe Blow , hope you can keep those people away from here . Re. MUL ,as I read it , the meeting in September is for the approval of their share issues over the past 9 months only , the annual general meeting will be later in the year . We could all vote against these issues , but as a large percentage of shares are close to the board , it would be defeated . I am gradualy seeing the overall picture and believe this company is laying a solid foundation . The only possible downfall at the moment is the lack of expertise available for installations . They obviously have more work than they can handle at the moment . Regards, kooka

[stefan]

What a day... My connection was down all day >:(
MUL had a bit of a hit today it seems. Well, back well below 4 cents. What can you do... Just keep waiting.

Kooka, I agree that MUL has lots of stuff happening which is about the only reason I'm holding plenty of shares. The RSSL thing will be a very interesting product. That looks like a turning point to me as high installation costs will come down which will provide them with a solution that can't be beaten. Where else could you get so much speed both ways for that money out in the bush? Mining companies and other remote industries would have to have an interest in this.

We shall all see... For now it's back to the waiting game.

Happy trading

Stefan

[crocdee]

hi all
stefan and tg lets get serious about mul

firstly i will declare my hand i hold nearly 900000 shares which my break even point is 5.1c and for obvious reasons want to see mul do well. i bought into the stock through my own reasearch and my own decisions i am totally accountable for that noone else.

stefan this is your hot stock for this month and have been posting that positive announcements are forthcoming ( to the extent that maybe this week)

tg you are also hot on mul and have posted so on ozestock but now have gone much quieter.

mul may produce the goods one dayand i for one thought it would be sooner than now from when i first invested. however over the period of time i have found that the management appears only to be looking after their own best interests first shareholders second (probably not uncommon with a lot of companies)
unless a miracle happens i think it will be quite sometime before muls share price really gets well above where its at now and does then stablise.
its in a long term down trend with a major resistance at 4.5c and when it breaks through that it has to deal with 7c. so i see it being sometime before we see 10c again.

to some it up i will continue to hold and make an exit with a profit assuming they get over 5.1c however whilst from what i read i do believe they have the goods i am disallusioned with the company through selfish management. any good announcements will be dealt with harshly by the daytrader group for a while which will give us all the same opportunities.

for me im now looking to get out at the best chance i have. october is not far away and with a US election plus alot of other crap thats going on around the world.

good luck to all with mul. i will follow with interest but are really looking for a big turn around with this company hope they can produce it.

my thoughts only from my heart

regards croc

[stefan]

Hi Croc.

stefan and tg lets get serious about mul
firstly i will declare my hand i hold nearly 900000 shares which my break even point is 5.1c
Ok, so here we go:
I'm holding well over a million shares at an average cost of 2.2 cents which I bought more than 12 months ago with the intention to hold until the product is introduced and the market has picked up. My time horizon is between 1-2 years. So there are still 8-10 months left.


stefan this is your hot stock for this month and have been posting that positive announcements are forthcoming ( to the extent that maybe this week)
Yes, I have picked it assuming that they will produce some news before September. This is an assumption. Nothing more, nothing less. There is no proof or rumour whatsoever that I will be right with that. It just seems to me that news could be released BEFORE the annual meeting which is in September. My speculation that it may be this week was based on its trading pattern earlier this week. But as we saw, that didn't happen.


mul may produce the goods one dayand i for one thought it would be sooner than now from when i first invested. however over the period of time i have found that the management appears only to be looking after their own best interests first shareholders second (probably not uncommon with a lot of companies)
I agree. See my previous postings. I'm pretty pissed with these guys as well. They seem to release options after options for services that we have no idea about.


unless a miracle happens i think it will be quite sometime before muls share price really gets well above where its at now and does then stablise.
its in a long term down trend with a major resistance at 4.5c and when it breaks through that it has to deal with 7c. so i see it being sometime before we see 10c again.
I don't agree. All that needs to happen is a solid news release. MUL is one of the most actively traded stocks when there's news around. It can easily do 80-100 million shares a day. So far we havent' seen any action but if it happens, the stock is flying. Even if daytraders are getting in and out.


to some it up i will continue to hold and make an exit with a profit assuming they get over 5.1c however whilst from what i read i do believe they have the goods i am disallusioned with the company through selfish management. any good announcements will be dealt with harshly by the daytrader group for a while which will give us all the same opportunities.

for me im now looking to get out at the best chance i have. october is not far away and with a US election plus alot of other crap thats going on around the world.

I'm still profitable with MUL so my situation is slightly different to yours. But nevertheless, I don't believe that much can happen to MUL except that they could run out of money. But that's the risk with a high risk investment like MUL. I've always said that this one is very high risk and only time will tell how good it can perform. I went in early, believing in the product but not in Management. Normally I wouldn't invest, but the product and the coverage they have are too good to be ignored. Especially when the share price was below 2 cents.

MUL doesn't seem to react much to bad or good news affecting the markets as such. It's price at current levels is well within reason based on their figures. There are many companies out there who are much worse of.

I think holding MUL for another year is worth it. There is little reason to believe that it would go down the drain and 2 way staellite data connections have only just started to gain attention. I believe that MUL has a problem the way this works.They are in a partnership with 4 different companies and they resell their product. So they may not really get that much news as they play a role in the background. Just my idea...

So to sum it all up:
I'm pissed with management as you can see in my many postings.

I do believe that the product still needs time to fully develop its potential. The areas like middle east, asia, china are of great interest to me. To enter these markets takes a lot of time and I'm willing to give MUL the 2 years I initially figured out as reasonable.

The potential price if everything goes to plan: 40-60 cents per share.

I also believe that there will be a reverse split towards the end of this year to bring the price closer to $1. I expect to see a 3:1 split once the price is well above 10 cents. I'm still positive that the price will go up in August and I see it above 10 cents by November. This is based on my own research and assumptions.

All the best to all of you MUL holders out there! I'm with you... ;)

Happy trading

Stefan

[kooka1956]

I hold 200,000 shares , minor in comparison to yourselves , but they cost me nothing as I sold a bundle at 10.5 cents last year ( just mised out on the 12.5 cents the following day) . I am always of the opinion that you take a bit of profit ,but also leave some to the next person . I am also a contrarian , this company has a lot going for it with many people negative , it is about as low as it can go , thats why I am starting to buy again. Not many people believe in this form of trading,but I can site stocks like Burns Philp at about 5 cents not long ago, Aristocat plunged dramaticaly last year,QBE Insurance plunged dramaticaly when HIH folded and bounced back, even News Corp was as low as $3 within the last 10 years went to $33 before the share split . ANZ and WESTPAC were shunned it the late 1980,s and got down to about $3 each because of their bad loan portfolios . Over the years their are dozens of other examples . MUL has a lot of work ahead of it , but keep in mind they are competing with the big boys , but also they only want 2 to 6 % of the industry to give shareholders very good returns . I,m banking they,ll get more than this . Regards kooka.

[crocdee]

hi guys
dont get me totally wrong i still have faith that mul will one day produce the goods. for me at the moment just too many uncertainties out there to feel comfortable at present. before mul can hit 10c 20c 60c or whatever it has to change trend and at the moment the trend is still down. next week it may go lower or higher who knows, but the highers will only come in the lead up to a good announcement. lets hope its sooner than later.

in the meantime i like you will be watching closely and take what i consider the best advantage of my investment whether it be short or long term.

sometimes we need to get a few things of our chests.

regards croc

[Joe Blow]

I hold 240,000 MUL shares at an average price of 4.8 cents.

As you can see, I ignored my stops on this one but have a strong belief that they will deliver the goods.

Time will tell... but I do wish management had a little more regard for the shareholders.

[TOP_GUN]

Hi Guys

I hold about 6M shares; normally I wouldn't be able to sleep at night with such exposure!

I've spoken to MUL in length in regard to Newsat, what it can and can't deliver and what’s about to come on line, I've done that as part of my normal business and having to run offices in several states. In fact my business is seriously looking to become a reseller.

The warm and fuzzy feeling I'm left with after a chat or 2 is from what I gleaned between the lines, I expect this week to see some made public, it's all about what Newsat will be able to offer and there are several new initiatives coming in the near future. I wish I could tell you the details but that would cut off my source.
Think about what they can’t do..

It would be best to assume that all the above is one big lie and I'm only saying that because I'm into MUL big-time. Anyone that has been following me would know different.

Still VERY RISKY but I'm after A BIG REWARD or a KILLER LOSS.
(You can’t take it with you?)

Yet I don't even worry about the crap management, which by the way is only the upper management the ones guiding the Newsat ship are really switched on and so far ahead of the market it's not funny. Only IMHO do your own research etc.

Regards and good MULing

TG

[stefan]

Ok, I read the notice and I came to a wonderful result:

30 million options will be issued at 5 cents each. The funds raised will be used to finance the launch of RSSL.

This can only mean one thing:
Management expects the share price to increase above 5 cents within the next few months.

Why? They need the money for RSSL ASAP. That's why they initially raised a few million bucks within managment. If they are serious about using the funds for the launch of RSSL then this money needs to flow soon.

That's my idea anyway. I will however vote AGAINST the issue of an additional 30 million options for Findlay.
They already paid them 75 million options and 20 million shares. Enough is enough!

Comments welcome!

Happy trading

Stefan

[crocdee]

hi all
some interesting posts since my heart to heart post aug 13 ( black friday you know )
bloody hard to make a quid from trading at the moment with uncertainties everywhere.

TG- always knew you were a bit behind the scenes and respect your confidence that you must be careful in what you post.

Stefan- im with you here why give off the cream to findlay at average joe blow (sorry boss i dont mean you) shareholder expense. it does worry me a bit that if they ignore us out there in the market place that they must have their best interests in their own bank accounts.

anyway i investsed in mul to make money. all i can say now is bring it on mul lets start smokin.
TG lookin forward to news this week
Stefan hope you win the comp
JB this is a good site, brings out some good discussion without the garbage. I LOVE IT.

regards croc

[stefan]

Yet I don't even worry about the crap management, which by the way is only the upper management the ones guiding the Newsat ship are really switched on and so far ahead of the market it's not funny. Only IMHO do your own research etc.

Well, so it would appear that we all agree that management is not exactly interested in its share holders benefit, but rather looking after their own interest.

TopGun, with your big holding we are already representing close to 9 million votes. Not worth much in the big picture, but it may be enough for a bit of a shake up. What are your intentions regarding the new issue of 30 million options to Findlay? Are you going to vote for it? I think we should make a point here and if everybody is voting against it then that should send a signal to these guys. They will start to feel the pressure. Nothing will change this time, but maybe it will make them thinking...

Let me know your thoughts!

Happy trading

Stefan

[ghotib]

This is not an "MUL is crap" post, but it is an "I *still* don't get MUL" post, so if that annoys you please stop reading now.

I'd never heard of the stock before I came here; I don't own any shares and I don't plan to buy any because it's outside my guidelines. My interest is that a lot of people here are in it as a high-risk possibility, and I'm trying to follow the reasoning that makes you see the possibilities as outweighing the risks.

My first problem is that I still, after quite a bit of digging about, don't see what MUL offers that gives it a strong competitive edge. As far as I can tell its products consist of goods and services put together from other sources. Nothing necessarily wrong with that - IBM for one does massive global business that way - but it means that barriers to entry are lower than they would be if there was a specific product.

They offer 2-way satellite broadband through NSS-6 to ISPs in Australia. So does Bentley Telecom. Australia is also under the footprint of ISatAsia, and for businesses including "Hotels, ISPs, POPs, Govt, Schools, VOIP, video conferencing, VPN to Europe-USA", AsiaSat 4 and 2.

Similarly, in the middle east any reseller of NSS-6 can enter the market and Bentley Telecom is already there. Other options are ISatAsia (again) AsiaSat 3 and 2, an amazingly topical one called HellasSat, and probably others because the footprints overlap.

No doubt all satellites are not the same, but my point of puzzlement is: What does Multiemedia have that no one else can offer at a painfully competitive price?

Then there's the question of management. Last time I got my head bitten off on this thread I said that I had first-hand experience of fine products and finer people being destroyed by ignorant and/or arrogant management, usually excessively focussed on sales. By ignorant I meant ignorant of the real limitations, and hence in many cases the real potential, of a technology, which leads to selling the wrong benefits and misdirecting product development. I'm deeply skeptical about the prospects of any high-tech startup that lacks deep technological expertise in its top echelons. I accept that the deep expertise might exist, but it's not the focus of the profiles on the website. And the top echelons seem to have a record of setting themselves up to benefit far in excess of other shareholders.

I wish the shareholders on this board well, especially as you start demanding a bit less action for the board and a bit more for the rest. But please... what differentiates this company in its marketplace?

Puzzled but persistent,

Ghoti

[ghotib]

I had another thought about this last night. I think I'm assuming that people who've bought MUL to hold are expecting a big price jump at some stage and then they won't care any more. But if the business is being "built to last", then an excellent result might be a slow, steady rise and an ongoing dividend income. That makes more sense of the competitive position as I see it, but I think it would make management focus even more critical.

Maybe a General Chat discussion about executive stock options would be timely?

Cheers,

Ghoti

[stefan]

Ghotib,


This is not an "MUL is crap" post, but it is an "I *still* don't get MUL" post, so if that annoys you please stop reading now.
Why would that annoy anybody? MUL is not the solution to all our financial problems. And it's certainly not a stock everybody has to agree on. I think I made it clear in many postings that MUL is high risk and under bad management. So there are two reasons why one could easily post "MUL is crap". Please keep your critical views coming. It's most important that others get an idea about what's wrong with MUL.


No doubt all satellites are not the same, but my point of puzzlement is: What does Multiemedia have that no one else can offer at a painfully competitive price?
Nothing, really. Their product is just regarded as competitive enough to get a fair market share in the areas of coverage. There is no need to have a monopoly. You just need to be good to get enough clients to support your business. It's an interesting solution for areas who suffer from unreliable infrastructure or remote areas with no infrastructure at all. The market is big enough for many players. Just as it is for many ADSL providers. Sure, it would be nice if only MUL had the right to provide the service, but I guess that would only be good for shareholders and management and not for the rest of the world.


Then there's the question of management. Last time I got my head bitten off on this thread I said that I had first-hand experience of fine products and finer people being destroyed by ignorant and/or arrogant management, usually excessively focussed on sales. Where did you get your head bitten off in this thread? I'd be the first to defend you. Nothing sucks more than management in this company. I've made that clear many, many times. (Probably too many times).


I think I'm assuming that people who've bought MUL to hold are expecting a big price jump at some stage and then they won't care any more.
Wrong. Not my intention. If that was my intention that I'd have dumped my shares at 10 cents. It was there long enough.


But if the business is being "built to last", then an excellent result might be a slow, steady rise and an ongoing dividend income. That makes more sense of the competitive position as I see it, but I think it would make management focus even more critical.
Correct. I mentioned before that I have given MUL 1-2 years to develop their business. If they succeed, then we should indeed see steady growth and substantial stream of income. Management is all the more crucial but I've come to the conclusion that I'd stick it out with them for the 2 years to see what happens. I can't do anything about it except rising my concern. Mind you that management of bigger companies (NAB for example) isn't much better. (Excessive bonus payment, golden parachutes and so on. The list is endless.)


Maybe a General Chat discussion about executive stock options would be timely?
Yes, why not. but the list would probably become too big to handle in no time ;)

Ghotib, by all means keep posting. Rest assured that this is not one of those "MUL glorification" places. There are many, but I think you have to say that there is a fair discussion going on. Even if there are some big holders of MUL here, we are not blind folded and well aware of the risks.

Happy trading

Stefan

[TOP_GUN]

stefan re:
TopGun, with your big holding we are already representing close to 9 million votes. Not worth much in the big picture, but it may be enough for a bit of a shake up. What are your intentions regarding the new issue of 30 million options to Findlay? Are you going to vote for it?

While I feel upset with management funding the office lunch by writing more script, I'm not sure what other plan B they have in place, in may help the balance sheet to fund things this way allbeit at the expense of the current SP in any case they will push it through regardless.

That's not to say I don't want a seat on the board!! :)

Croc
JB this is a good site, brings out some good discussion without the garbage. I LOVE IT.

--That's why I like it here too, will post elsewhere when the time comes, anyone that thinks they will move the SP by posting is kidding so it's just a good place to have a reasoned point of view debated?

ghotib


This is not an "MUL is crap" post, but it is an "I *still* don't get MUL" post,

Fair enough, we need to see both sides.


What does Multiemedia have that no one else can offer at a painfully competitive price?

Nothing.

But I think they will be first to market with a TOTAL SOLUTION with includes making money from the hardware, we all seem to forget MultiE don't we!he

Some of the reason I think MUL may come good is yet to surface, MUL have gone up against Telecom on a cost basis and won business, this business along with many other examples has yet to be documented after all why tell the world what your planning in advance? Better to go after vertical markets first, secure contracts, then brag.


IMHO


TG

[JetDollars]

Since this is the most read and replied topic, so I post my quick question here:

1. How do you find out the stock position in the market? For example. like MUL what position is MUL in the market.

I know it market capitalisation. I also got a copy of AspectHuntley's Top 500, but MUL is not in there.

Any link that you can provide?

Thank you

[stefan]

[quote]1. How do you find out the stock position in the market? For example. like MUL what position is MUL in the market.[.quote]

Jet, position based on what? Market Cap? Volume? P/E ratio? Debt level?

Being a small cap stock I wouldn't expect to find MUL anywhere on a top xy list. (It's mostly found on top volume lists, but that's not what you're after...) ;)

Happy trading

Stefan

[JetDollars]

Stefan,

Sorry I did not make it clear. MUL position base on market capitalisation? not volume or any other stuff.

[stefan]

Jet,

With a market cap of 45 million I wouldn't expect MUL to be anyhwhere on a list. I've never looked at a list that would contain all australian companies sorted by market cap.

Lots of activity in MUL today. Let's see how far it can run this time. Big orders at 3.9. I'd still say that news must be around the corner and with a bit of luck it will be just in time for the August stock tipping competition. ;D

Happy trading

[crocdee]

hi stefan

i cant work out whether the price is being propped up for a sell or if this is genuine buying. seems to be a mixed bag at the moment. indicators point towards buying however as shown many times before can turn quickly the other way.
interesting couple of days ahead perhaps.

regards croc

[pinguen]

Hi TG and others,
I still believe that Mul has a great future. I've spent a lot of time following up threads etc and have located quite a few using new sat. The only thing worrying me is hibis. Telstra is already on as a provider. Rbbs appears to be offering a similar product to mul but may not be linked.
Sites easily located on Google are:Bushtech, Broadband wireless, Planet netcom, Grx technologies, nsw.net satellite and calibre net. Some of these sites have links to new sat.
Check these out. TG I think you're correct. Their staff must be working like beavers.
Regards.

[JetDollars]

Stefan & The Rest of The World,

If I want to find out a company position 650 by market capitalisation, how do I do this?

[TOP_GUN]

Hi Guys

Hi pinguen



The only thing worrying me is hibis.

MUL have applied and see no reason why they won't be successful considering the Government work they already do, most of which for security reasons is never mentioned.

See you all at the 10th? Can't wait to ask if they paid the caterers in script too! There are a few Taxi drivers with MUL shares too..

I hear from the BS forum that Woollies have paid MUL with groceries.

MUL’s master plan must have something to do with preserving ready cash for people who don’t bet.
::)

TG

[stefan]

I want to find out a company position 650 by market capitalisation, how do I do this?
Jet,

Sorry it took so long. I had other stuff to attend to.
So you are after a list of ALL stocks traded on the ASX sorted by market cap?

There are 1646 listed stocks so the list is rather big...

Is this what you want?

http://64.94.102.203/marketcap.php

Happy trading

Stefan

[kooka1956]

Inside buisness on the ABC this morning had a story about wireless broadband , which looked like a paid advertisement from "Unwired" *Unfortunately MUL was not mentioned , and I sent the ABC an email to that effect . Unwired have only just launched their operations into Sydney this month ,but are already making Telstra worried about the potential for this new technology . There will probably be a blip in share price for MUL tomorrow morning . Regards KOOKA

[stefan]

Kooka,

I don't think you can compare the two technologies. MUL is a satellite based technology. Unwired offers wireless access by using a technology similar to the WIFI stuff we use for wireless lan. Their solution is so different to MUL, it's like comparing apples with oranges. With MUL you have to install a dish and "modem" costing you several 1000 bucks. With Unwired your small modem can go with you wherever you are. You be anywhere within Sydney (coverage area) and still use your own broadband connection. With MUL you'd have to carry your dish on your back which would probably make it slightly more uncomfortable. ;D

Happy trading

Stefan

PS: Still hoping that MUL will show a rise in share price this week, but for other reasons.

[JetDollars]

Jet,

Sorry it took so long. I had other stuff to attend to.
So you are after a list of ALL stocks traded on the ASX sorted by market cap?

There are 1646 listed stocks so the list is rather big...

Is this what you want?

http://64.94.102.203/marketcap.php

Happy trading

Stefan
You are a legend, thank you for your time and effort.

[kooka1956]

As I understand it then UNWIRED,S technology is restricted to radio frequency coverage which are set up only in certain areas . MUL however , by using satelite have coverage to 60% of the world . Although it may cost to set up it is far superior to the wireless technology used by others .MUL is targeting different markets. Am I correct in these comments. Regards KOOKA

[stefan]

As I understand it then UNWIRED,S technology is restricted to radio frequency coverage which are set up only in certain areas . MUL however , by using satelite have coverage to 60% of the world . Although it may cost to set up it is far superior to the wireless technology used by others .MUL is targeting different markets. Am I correct in these comments
Yes, you are, except for the "far superior" remarks. IMHO You can't call it far superior when the 2 things can't be compared. Sure, you can get "MUL" everywhere and Unwired is only available in Sydney. But as I said, they are offering 2 different things and in my view are targeting different markets. MUL is not focused on the "mass consumer" market. They are more business focused just because the initial cost is way too high for joe average. (Just like me, for example.) I'd say the picture may change in the near future, but still, people won't put a dish up anywhere in Sydney for that matter. There are easier and more convenient ways to get broadband.

I am on the lookout for a broadband solution that would allow me to live wherever I feel like outside a major city. There is only one way and that's satellite. Unfortunatelly the only 2 way solution that really provides enough speed for what I need it for is via NSS6. Set up costs are way too high but once they come down (They will in the very near future), it will be a different picture.

I'm not saying that I represent everybody else, but I think it's fair to say that most users won't spend a couple of $1000s to set up "MUL" just to get fast internet access.

MUL is an interesting solution because of the big area they are able to cover and I'm holding shares because I think that there is a big demand for this solution in other areas ouside Australia. There are so many countries in the middle east where no reliable network is available even in a major city. Investors have been very cautious with companies who are trying to get their main income with overseas deals. (As long as they don't show a steady stream of income out of this business.)

The share price won't go anywhere without proof that they were able to close some major deals in the areas they are praising so much.

If you are trying to deal in areas where almost everything is considered high risk, then you can't expect people to put their money into it. Early investors have done what they are willing to do. The rest is up to management.

Happy trading

Stefan

[kooka1956]

Thanks Stephan for your prompt and concise reply . I,m still going on the view of Ballantine at his record of interview a few weeks ago in regards to where the company are heading and am confident we are on a winner . Might not hurt to throw some funds the other way as well . Regards, KOOKA

[stefan]

I,m still going on the view of Ballantine at his record of interview a few weeks ago in regards to where the company are heading and am confident we are on a winner .
So am I... ;)

Happy trading

Stefan

[stefan]

MUL on hold! Announcement pending... Is this my ticket to heaven?

Happy trading

STefan

[Joe Blow]

MUL on hold! Announcement pending... Is this my ticket to heaven?

Happy trading

STefan
As a fellow MUL holder... I hope so!

:)

[stefan]

Well,
Not good enough for heaven, but good news after all.

MULTIEMEDIA a selected supplier for Federal Health Broadband Initiative.

We shall see how much this will help the share price...

It should at least bring me back up a bit in our famous stock competition. ;-)

Happy trading

Stefan

[TOP_GUN]

Not good enough for heaven for sure but one of many to come IMHO.

Can't wait till the meeting!

TG

[crocdee]

hi all
buy side slowly building but nothing significant yet. sellers still out weigh buyers. looks like we might need another positive announcement or the rumour of such to get this going.

regards croc

[stefan]

buy side slowly building but nothing significant yet. sellers still out weigh buyers. looks like we might need another positive announcement or the rumour of such to get this going.

The problem with MUL is that one can't really get that much out of their announcements. It's always full of "potential" and "further projects" but hardly ever do you get some facts with them. Without showing a positive cash flow, nothing much will happen. Once the news are turned into hard dollars, we will see a different picture.

Nevertheless, even the smallest news will help to keep it alive. Still a week to go until end of month. Plenty of time for more good stuff ;-)

Happy trading

Stefan

[stefan]

I like the way this is going... A few more millions in volume and we should be in for higher levels. Normally MUL starts to rock above 80 million shares.

[crocdee]

hi sefan
agree with your commnts. buy side getting stronger now. mul usually moves ahead of announcements looks like still more to come before the agm.
still hope you win the comp

regards croc

[Joe Blow]

MUL is in pre-open again!

Another announcement?

[Joe Blow]

Multiemedia Wins Significant Business In Middle East

Tuesday 24 August 2004



Multiemedia Limited’s satellite division, NewSat, is pleased to announce the signing of two significant contracts in the Middle East for the provision of broadband internet services to Meeral Company in Iraq and Global Beam Communications in Egypt. These contracts provide an estimated combined ongoing revenue in excess of $1.2 million per annum once fully operational.


Interesting... wonder what impact this announcement will have.

[stefan]

Excellent... Keep em coming ;-)

It may not do much for today as it has moved 16%, but over the next few days we should see enough support to keep it up.

Now at 90 million in volume...

I'd like to see a 100 million dollar deal announced 15 minutes before the close :-))

Happy trading

Stefan

[Joe Blow]

Looks like MUL is going to finish on a high.

4.4c just got taken out.

The numbers people will have the calculators out tonight, trying to figure out what MUL is worth.

It should go higher tomorrow as people digest these announcements.

[stefan]

Up 18.9% in one day on over 100 million in volume. These are days I like for MUL. Well, finishing the day on a high with 2 good announcements today should keep it active for the week. We'll see what happens tomorrow. Too bad I won't be around to check it. All I need is another day like this one and AXA is looking doomed :-))

Good luck with MUL and

Happy trading

Stefan

[TOP_GUN]

19% up in a few hours is faster than the slow fall down from say 7c which is about the time I became interested in MUL and started doing some homework. It will be interesting to here from the chart readers herein regarding the action of late.

I've a fair idea what some of the yet to be announced news could include, mostly in regard to cost structures and extra features I feel.

I have no idea how much new business is yet to be documented however I glean its a fair swag.

They go from famine to feast in informing the market, I trust we will see a steep rise from here, welcome your comments fellow MUL watchers.

Regards

TG
(I'll post this on the other board too)

[TOP_GUN]

e. & o.e. spieling I spelt Here instead of hear.. ear.. ear..

[TOP_GUN]

New news items on Newsat http://www.newsat.com.au

Satellite Broadband
Home and office broadband monthly access now from as little as $76 per month.

NewSat Broadband for Health
NewSat has been awarded supplier status under the Federal Government’s Broadband for Health initiative.

NewSat VoIP reduces call costs
All your phone calls can now be made using online technology, with Voice over Internet Protocol (VoIP) through NewSat.


NewSat HiBIS offer
Coming soon.

All went up today from what I can see.

TG

[brerwallabi]

Well it looks after a lousy few weeks its heading north again 9 day av may be about to cross 26 day av need few more days to get some real indication but its looking better than it has for a while.

[kooka1956]

We have been waiting quite a while for announcements and these are pretty good . It,s nice to have the government helping you out . I reckon this will make the newspapers tomorrow and will create interest in the wider community . Having now broken the down trend line the chartists will also take an interest . Everything is looking positive . Regards KOOKA

[crocdee]

hi all
4.5c is the resistance level here and whilst it was broken earlier it was very weak. mul needs to break through this level significantly to move on to the next of 5c as i see it. volume and buyer strength has dropped significantly since opening. looks like we need another announcement to move things on again. just my thoughts comments anyone

regards croc

[brerwallabi]

Yep 4.5cps is were Mul has got to get through its why I sold @ that and just bought back @ 4.3 I see it now clawing back through the day and should finish @ 4.4 or 4.5. Will hold now. More announcements are sure to come as we near the meeting this will then should push Mul over 5cps. I am sure are lot of people with the revelations of yesterday will evaluate Mul dynamically again.

[stefan]

Well, I must say that was a disappointing day for MUL. I'd have hoped to see it close at 4.4. Anyway, I guess we are on track for more with this one so I return to the old waiting game for now. More news on the way? Excellent. I still hope they come up with more before the end of the month to keep the price moving... Pure speculation. I have no clue whatsoever if there is more news around the corner or not. But we will certainly know soon. ;)

Happy trading

Stefan

[RichKid]

hi sefan
agree with your commnts. buy side getting stronger now. mul usually moves ahead of announcements looks like still more to come before the agm.
still hope you win the comp

regards croc


Speaking of the AGM- does anyone know the date off the top of their head?

(Good luck with the comp Stefan because it looks like everyone's into MUL now, they'll all be happy if it goes up.)

RichKid

[stefan]

Richkid,
There's a general meeting on the 10th of September but there hasn't been a date set for the annual shareholder meeting as far as I know.

Happy trading

Stefan

[RichKid]

Richkid,
There's a general meeting on the 10th of September but there hasn't been a date set for the annual shareholder meeting as far as I know.

Happy trading

Stefan

Thanks Stefan, I hope the meeting is to announce good news!
RichKid

[stefan]

Thanks Stefan, I hope the meeting is to announce good news!
Unfortunatelly this is not the case. The meeting is to approve another 30 million options issued to Findlay for some unspecified financial services.

Read this very amusing article in the australian:

http://www.theaustralian.news.com.au/common/story_page/0,5744,10567687%255E16942,00.html

Happy trading

Stefan

[tarnor]

More news today thier certaintly coming through with the announcements. Not holding currently

[stefan]

MUL launches satellite Voice over Internet Protocol (VoIP) service. Good news again. Now let's hope that they can get the customers for it.

Happy trading

Stefan

[Porper]

I'm a bit of a newbie so excuse me for maybe a dumb question.We have had 3 good announcements now and the share price hasn't been set on fire yet(Hopefully that will come),I have noticed with some other "high risk" stocks they seem to go up 20 odd % with a few good announcements then usually drift all the way back and even lower than they were originally, is this the norm for these types of stocks ?.Maybe the tech stocks are out of favour at the moment.
Anyway after a bit of newbie research and reading what you boys talk about I got in a couple of weeks ago for 80,000 shares (nothing for you guys but a lot for somebody new into shares).
I am really pleased with the announcements and if people catch on to the voip service we could be rich in a few months !!
Excellent forum by the way.

[stefan]

Porper,


We have had 3 good announcements now and the share price hasn't been set on fire yetThe price has gone up by 19% after the news which is a lot in anybody's terms. Anyway, I see what you mean. You'll have to understand the background of MUL. It's probably the most hated/loved stock on the ASX and people like to play with it. Management sucks and the fact that they are giving away options for free to "friends" or related businesses is not going to help the price. MUL has built the 2 way sat solution and has yet to proof that they are able to make ANY money out of it. They are full of "potential" and "significant deals" that are about to happen but still they are making a loss and they are going to do so for 2004 for which a profit was originally forcast by Findlay which just happens to be the company who keeps getting options for free in exchange for "financial services".

In short: This stock stinks big time. It's only the potential of their new solution that keeps me holding shares. If it was for a longterm investment based on some fundamentals, then I'd never put a cent into the pockets of these clowns. Management has only one goal. They want to get rich together with a close circle of "insiders".

The news we saw the last few days is all good and will help MUL to build support for further growth.


is this the norm for these types of stocks ?.Maybe the tech stocks are out of favour at the moment.Yes, it's the norm. No, it's not that certain sectors are out of favour. If you are looking for something like the "tech boom" where stocks used to run several dollars in a day based on some rather questionable news, then you will find that there is no such thing in the market at the moment. So "everything" is out of favour if you like.


I got in a couple of weeks ago for 80,000 shares (nothing for you guys but a lot for somebody new into shares).It doesn't matter how many shares you buy. As you said, it's a lot for you and that's all that counts.


we could be rich in a few months !!I highly doubt that. We could see a nice increase in the share price but the "big" run is months away. First the market will have to come to terms with another 30 million options and the loss for 2004. Then we will have to see a significant improvement in the first half of 2005. (Unfortunately MUL is only releasing half yearly reports, so we have to wait a long time until the next figures come out.)

So, my view is that the price will be going up within weeks or months, maybe back to where it was a year ago (10 cents area) based on more good news, as long as management stops playing games. Once we have proof that it works (i.e. profit for first half) the price will go MUCH higher.

Therefore you have to come to your own conclusion as to how much you are willing to risk with MUL. You can take a profit whenever there is one around or you can hold for the "potential". You may read the famous Findlay report which can be found on the multiemedia website. That gives you an idea of the "potential". But keep in mind that they already failed to deliver the numbers mentioned in there, even if they have some good reasons as to why it didn't work out.

Happy trading

Stefan

[luckier]

We have had 3 good announcements now and the share price hasn't been set on fire yet(Hopefully that will come)
A new service to be launched, is it good or not? well, it depends how do you see it. i see it as good. but the market see it in the opposite way, so the SP is down. i guess that is because they see it in the cash flow point of view. the cash will flow out because of the launch of the new service in the near future. i do worry whether the management team will use it as an excuse to issue more new options at 0.1cent because they deadly need more cash again. they will be starving because they use all money developing the business and woolworth wouldn't give them food.( ;) , just a joke, and i do hope it just a joke). Only when cash flowing in would the SP rocketing.

Now it is the time to think about what to do with your money. Can you put it aside and wait for the golden time to come, or you would rather hunting for other chances? that's up to you to decide. i will hold because i believe communication is hot and voip is booming in the next few years. And the mul's business is developing. i don't worry the golden time won't come unless the management team betray their shareholders.

when a business is developing, you have to wait for the best to come. leave the best to the last. so forget the up and downs, i am not a trader, i just get ready for the best.

[Phil]

Good afternoon everyone,

I am only new to this forum, but from what i have read it seems to be a bit more of rational discussion about stocks rather than "junk mail" like some other boards.

At the moment I am travelling around (some work, some pleasure) so i have not been able to read the Notice of Meeting and Explanatory Memorandum they posted out, but I have a few questions to ask that hopefully somebody here can answer.

1. What exactly constitutes "Issued in return for provision of investor relations services and financial and securities advice"?
I seem to recall reading somewhere that one of the large beneficiaries of these options was a Chinese investment company. Is it correct to assume that if they are giving options to them then they have actually provided them with some lucrative contacts/contracts?

2. Does anyone else feel uncomfortable about Findlays receiving nearly $3.8m options at todays mearket rate (ie 95,000,000 * 4 cps) for "The provision of Financial advisory services"......does that mean they were paid $3.8m for helping raise $3.5m from their own clients?
What will Findlays do if the shareholders reject these options?

3. In the opening brief about the General Meeting there was a sentence which has me a little bit worried.....it says that they don't really need to approve these shares, however the reason they are asking for shareholder approval is so they can issue more options in the future....am i correct to be a little concerned about this?

Like some of others I have faith in the technology more than the board, and since I am in a position where I can afford it, I will hang on to them.

Keep up the good posts and look forward to hearing your thoughts.

Philip

[stefan]

Phil,

Here's what I have to say to the points you mentioned:


1. What exactly constitutes "Issued in return for provision of investor relations services and financial and securities advice"?
I seem to recall reading somewhere that one of the large beneficiaries of these options was a Chinese investment company. Is it correct to assume that if they are giving options to them then they have actually provided them with some lucrative contacts/contracts?
No. In return for provision of investor relations services and advice means that they paid Findlay an other rather funny sounding companies like "Roar Consulting" and "Captain Starlight Nominees" in options and shares to receive "advice". The type of advice has not been specified in more details anywhere and I highly doubt that it would look good if they would release this information.


2. Does anyone else feel uncomfortable about Findlays receiving nearly $3.8m options at todays mearket rate (ie 95,000,000 * 4 cps) for "The provision of Financial advisory services"......does that mean they were paid $3.8m for helping raise $3.5m from their own clients?
You will easily find many statements in this thread from unhappy shareholders regarding this issue. Findlay was issued a total of 95 million shares/options in the past year. You do the math....


What will Findlays do if the shareholders reject these options?I don't know, but I'm willing to find out by voting against the new issue. Most likely MUL will have to pay them in dollars instead.


3. In the opening brief about the General Meeting there was a sentence which has me a little bit worried.....it says that they don't really need to approve these shares, however the reason they are asking for shareholder approval is so they can issue more options in the future....am i correct to be a little concerned about this?
No. It's common practice. Companies can only issue a certain percentage of new shares during the year. If they want to issue more, they will require shareholder approval. What they are saying is that the current amount of shares they have issued so far does not require the approval of shareholders. They are asking for it, so that they can issue new ones, should the need arise, without having to ask shareholders first. This can take a considerable amount of time to arrange.

If you are concerned in general about the number of shares issued, then yes, that's one of the main reasons why the price doesn't increase after news. Nobody is trusting them and there is a reason for it. You can't just issue millions of options for services that nobody knows anything about it. It may look good if you don't spend millions of dollars and it keeps the debt low, but at the same time it completely ruins the share price.

Happy trading

Stefan

PS: Vote AGAINST the Findlay payment. The more NOs they are getting, the more they will start thinking. So far they had an easy game in getting what they want. It's time to make a point.

[luckier]

I will definitely note AGAINST for my shares.

here is news about voip from yahoo. http://biz.yahoo.com/fo/e-gang04_article1.html
And i still remember that i read an artical a few months ago saying that voip would be the next boom after 2000 tech boom.


Talk to Me

By Elizabeth Corcoran

The former Ma Bell has had a bruising year. AT&T has lost almost a third of its market value, gotten booted out of the Dow Jones industrial average after a 65-year run and retreated from the business of providing consumers with plain old telephone service. Luckily, 18 months ago a 24-year AT&T veteran named Cathy Martine began pushing the company into something new: VoIP (Voice over Internet Protocol), zipping phone calls over the Internet.

In March 2003 Martine was set to propose a VoIP test to AT&T brass, but she got bumped at the last minute. So Martine sidestepped AT&T protocol and zapped her plan directly to AT&T Chairman David Dorman by e-mail. He okayed it in hours. Now Net phone service is a big priority at AT&T.

VoIP turns your analog voice into digital bits, using an existing DSL or cable modem to zip it across the Internet (or, in AT&T's case, its private data network). Once digital, telephone service changes radically. You can adopt any area code you want, no matter where you are based. Callers can ring your home, mobile and office phones all at once, and unwanted callers can be selectively turned away. You can even download voice mail messages from a laptop in Singapore.

Small outfits such as Vonage (with 215,000 customers) and Net2Phone (100,000) took early plunges into VoIP, but AT&T could yet outrun them. Martine's service, CallVantage, is slated to be available in 39 states and Washington, D.C. by late August. She wants a million consumers and businesses using CallVantage by the end of 2005 but won't say how many callers have signed up so far.

AT&T researchers had been noodling around with VoIP for a decade, but as recently as 2002 the business side was dubious: Too few households had broadband Internet connections (and only 20% do today). Call quality was unreliable, and the service dies in a power blackout. "The feeling was, ‘No one will want to buy this from us,'" Martine says. "I looked at it the opposite way and asked, ‘Why not?'"

In five years AT&T had poured an estimated $3 billion into a digital overhaul of its backbone network. Martine argued that by spending a few tens of millions more on marketing and software, AT&T could have a compelling and high-quality service for consumers. Businesses would follow.

Once Martine got Dorman's assent, just four months later her group was rolling out service to the homes of 900 AT&T employees in three states. They loved the service but hated the original name: Consumer Digital Solutions. "They told us not to AT&T-ize it," Martine says. She listened, switched to CallVantage and aims to give customers more Net: games, movies, music, as long as it is digital. Says Martine: "It's the art of the possible."

i don't mind the short-term share price as long as mul can move ahead and lead the tech. will the CEOs be good enough to take that challenge? :confused:

[luckier]

Anyone know what this technology means to satellite broadband?

BROADBAND WIRELESS

Rajiv Laroia was handed a dream assignment at Lucent's Bell Labs in 1997: Invent a way to put a broadband Internet in the sky. Don't worry about existing cell phone systems, just do it right.

Laroia had just spent five years in one of the last bastions of pure research, Bell Labs' mathematical sciences center. He likes to cut his lawn and iron his shirts because it lets him do more thinking. Nobody on his team even owned a mobile phone when they began the work. Seven years later Laroia has created an all-digital radio transmission technique that has won such fans as Nextel, Vodafone and Motorola.

Big wireless carriers need to deliver high-speed data without encroaching on the already-crammed spectrum devoted to voice. Easy-access Wi-Fi networks are beginning to challenge the cell providers. Laroia's solution is like Wi-Fi in the sky, only better. In February 2000--a month before the bubble burst--he quit Lucent, formed an outfit called Flarion and began raising a total of $150 million. Its scheme uses orthogonal frequency division multiplexing, which splits wireless signals into different frequencies and pushes data through relatively narrow windows of licensed spectrum without hiccups.

With a Flarion PCcard you will get wireless e-mail and Web access at a torrid 1.5 megabits a second, three times as fast as the latest cellular design and over a greater range than Wi-Fi covers. Carriers can handle data far more efficiently. Nextel has 2,000 customers on a Flarion network serving 1,300 square miles around Raleigh, N.C. It could cost $2 billion to roll out a broadband system with Flarion--but three times as much with current technology. "The vision is that every bit is wireless," Laroia says. "There's no need to be tied to wires."

from http://www.forbes.com/free_forbes/2004/0906/144f.html?partner=yahoo

[stefan]

lucky,

interesting articles! I don't think any wireless technology will have an impact on satellite broadband. Simply because they have nothing to do with each other. Nobody need satellite when he can get connected by ADSL or wireless technology. Wireless technology is not going to kill satellite broadband because it's not used in the same situation. You need satellite broadband if you are in a remote area and if you plan to build a cost effective VPN. Say your company has 10 remote sites (like a mining company for example). You can use satellite to transfer system updates and latest research data in one single step to all sites without having to send it 10 times like you normally would using standard connections via copper. You send the stuff up to the satellite and it is beamed down to all stations that are part of your VPN. This is a HUGE advantage that will only be discovered as time goes by. If you look at it from a business perspective, then satellite is far more efficient that copper, even if you happen to be in an area where ADSL or leased lines are available. As soon as you have several remote sites to cover, satellite becomes the first choice when speed/cost are issues. It costs a fortune to lease a dedicated line at a speed of 256kbit which isn't that fast really.

Another thing:
Big companies have redundant systems which they use as a backup in case their main server goes down. They run big applications like SAP on these things and they are typically hosted in a remote site, away from the main system. You can twist and turn it, but you need a fast connection in between. So far you didn't have a choice. But with a VPN via satellite, you are so much better off compared to leased lines, your finance department will praise you as a god who saved them a fortune.

These are the areas of satellite connections. No WIFI is going to change that for the time being.

Happy trading

Stefan

[luckier]

excellent! thanks stefan.

another thing i saw from the article is communication technology was hot before and is getting hotter now. and when something is hot there is a chance to make a fortune. let's hope mul get its share.

GO MUL!

[stefan]

MUL holders may want to keep this in mind:


Middle East & North Africa Satellite Summit (MENASAT), 5-6 October 2004, Dubai, UAE
Satellite market liberalisation and pent-up demand from the enterprise sector are driving major business opportunities in this region. This intensive two-day summit takes place in the week of GITEX, the biggest annual IT event in the Middle East.
I don't know if NEWSAT is there as well. I can only hope so... Maybe a bit of research will reveal the facts.

Have a nice weekend

Stefan

[kooka1956]

I reckon NEWSAT will be there. Wasn,t that where they got their U.S. Army contract last year . Regards KOOKA

[Bingo]

Im am voting against the issue of 30 million options to Findlay. I love the point from stefan that it is for some unspecified financial services. I have 3.2 Million shares.

Do we count for anything.

Bingo

[TOP_GUN]

Hi Guys hi Stefan

"Nobody need satellite when he can get connected by ADSL or wireless technology"

Well not quite true, for up and down speeds ADSL can't match Newsat, big deal you say! Well MUL have taken business that needs high bandwidth in both directions from ADSL in two capital cities where teleconference was being used for office A to B and it won on the basis of cost against all alternatives.. A little birdie tells me.

Also have not made up my mind on the vote, if we can ask questions first I have a few.

Still feel OK about MUL overall, still think a big run in near..

Regards

TG

[MEGAS]

Hi TOP GUN, Stefan and the rest of the MUL investers.
I am interested to see where the SP will be before the AGM,
With all the great talk from many on MUL, lets see who can predict the SP going towards the AGM (A mini competition between us)..........I think .05!!!

[brerwallabi]

Although the share price is a bit disappointing, Mul most have some significant news still to come China, middle east, Nasdaq, american military opps but it seems that whatever news arrives just spikes the price. The only way we will see the price rise significantly is by positive bottam line figures, this is still it appears at least 12 months away. The coming meeting I hope will provide some opps for questions, I can not get there but keenly await the answer to the question "when can we expect the company to turn a profit"
Hopefully someone can ask this for me.

[MEGAS]

Well the bad news we all expected is out!! Where to from here MUL?
I think hell will break loose at the AGM next week unless of course some really good news is released very very soon!!!!!!!!!!!
I still have a very good feeling that MUL will release great news B4 the AGM and that the company is on the right track for a successful 2004/2005.
GO MUL!!

[Porper]

It certainly was bad news, but expected and the market hasn't reacted too badly to it.We definately need some good news before the AGM, and I reckon the directors must have something up their sleeve, they wont have played all their aces yet.

If we here nothing Mul is in for a stormy meeting next week and as for the share price, well it doesn't bare thinking about.

Here's hoping !!

[JetDollars]

Hopefully MUL will do better next month because we had a new owner.

Stefan....your holding was less than 50% that's why there is a take over.

[stefan]

Hopefully MUL will do better next month because we had a new owner.

Jet, I missed out badly for the August competition with MUL. Time for a change indeed. So let's hope TG will do better with it. I VERY MUCH hope so.

I'm on dial up out bush, it's a nightmare. The perfect place for a MUL 2 way sat solution. Will be back next week for more postings...

Happy trading

Stefan

[Joe Blow]

I topped up my holdings this morning at 3.7c and am hoping my decision turns out to be a wise one.

Fingers crossed that all negative news is now out and only positive announcements about contracts to come!

[MEGAS]

I've top up my holdings too!, Good luck TG on Sept competition i've got my money on you too take it out.....Interesting article in Fin Review pg43-the potential share of Fed's 35 million subsidy for connection of the medical GP to high speed internet........Go MUL!! Hopefully news B4 AGM!

[clowboy]

Firstly, I am interested to see if anyone has lightened there holdings with MUL.

It amazes me the faith that you have in this stock Stefan (not being critical). If I was sitting on a stock that had shown me a 1000% profit (and currently showing almost a 100% profit) I would have taken some of that profit. I certainly aggree with your posts regarding the speed that this stock could move at and the potential that is has. If the company declared a DPS of even 1c then the share price would rise astrinomically.

The Preliminary results seem to be mostly negative to me in that they continue to make substatial losses, however the plus side is that there asset base has over doubled.

The losses are claimed to be due to the set up costs of newsat which in recent months has had several positive anouncments ( rural Govt contract, middle east contract, VoIP), all amounting to huge revenue boots.

It would seem to me, as stated in many prvious posts, That managment really are holding this company back, my concern is will they ever be able to turn it around.

There have not really been any posts in recent weeks expressing ppls outlook on this company, I would be interested to see what ppl are thinking ATM.

Personally I am thinking about making a small investment in the stock (highly spectulative). I figure the amount of time I have spent reading up on MUL I am owed at least $1000 at $15/hr (snicker) so I would love to see the price rise to the anticipated levels of 50c/share (findlay report)


Anyway feedback is most sought after...

[Bingo]

Firstly, I am interested to see if anyone has lightened there holdings with MUL.

It amazes me the faith that you have in this stock Stefan (not being critical). If I was sitting on a stock that had shown me a 1000% profit (and currently showing almost a 100% profit) I would have taken some of that profit. I certainly aggree with your posts regarding the speed that this stock could move at and the potential that is has. If the company declared a DPS of even 1c then the share price would rise astrinomically.



Anyway feedback is most sought after...

clowboy,

I am much more skeptical about MUL. I halved my holding on 25 Aug at 45c. Unfortunately lost my head and bought the half back at 41c.

What worries me is they come out with reasonable anouncements, but the price is just holding at high 3 cents.

Bingo

[Bingo]

Correction on last post, obviously I meant 4.5c and 4.1c. What a difference a decimal point makes.

Bingo

[clowboy]

Bingo,

I agree - Most of the annoucments in the last month seem to me to be really quite good for the company, Middle east contract, rural contract and the woolworths contract. These contracts far outwiegh the cost of setting Newsat up yet the share price (apart from a short spike) seems to be slowly declining - perhaps this is just a reflection on what ppl think about managment.

Thanks for the comments.

[stefan]

Contract to Provide Broadband to Sudanese National Telco

I like the way this is going...

Happy trading

Stefan

[Joe Blow]

I like the way this is going...

Happy trading

StefanMe too, especially considering I doubled my holdings at 3.7c!

:D

[stefan]

Me too, especially considering I doubled my holdings at 3.7c!

Well, well, well... Does this mean that you will retire soon? Who will be looking after this board? ;)

Happy trading

Stefan

[Joe Blow]

Well, well, well... Does this mean that you will retire soon? Who will be looking after this board? ;)
I wish! ;)

I just hope I make enough out of MUL so I can give away my day job and look after the site full time!

Ah well, I can dream!

[stefan]

I think the fact that they don't disclose the value of this latest deal will keep the price within the 4 cent area. But the reputation MUL is gaining in the industry will be the key factor. So if they do a good job with all the contracts they already have, there is no question that more deals will follow and the price will increase accordingly.

Happy trading

Stefan

[MEGAS]

I still believe MUL is on a winner with there strategy in the Middle East,Australian government etc and more contracts will follow.......Can someone please, Stefan,TOPGUN (both fans of MUL) tell me why would findlay's exercise options at .05 when the market is sitting at 04's, excuse my understanding but i can't work it out?
Having said that i still think MUL is on to something big!!!...My opinion!

[tarnor]

Good to see some news finally coming goodluck eveyone who holds, I nearly came to the party but can't bring myself to trust the directors :(

[Bingo]

A bit disappointed to see them finish back at 3.8c to-day, however, I thought the meeting was later this week. If this is so I would expect that something is saved for just before or at the meeting.

When is the meeting?

Bingo

[Porper]

Bingo, the meeting is on Friday, hopefully the directors are holding the best announcement until just before.Well that's what I'm hoping for anyway, maybe this last announcement was it !!

If so I think the share price will continue it's way down.
The thing that worries me is that they aren't telling us how much all these deals are worth, which maybe a bad thing but could also catch the market unawares if Mul starts making good profits.Then we will all be saying I told you so.We can only hope !!

[Bingo]

Porper,

Thank you. I hope there is something else then by Friday. The wait is getting to me.

Bingo

[MEGAS]

Hi Bingo I'm with you mate the wait with MUL is getting to every one! Atleast you doing OK with OPM, the way it looks it seems something is about to be released.....Late trade yesterday over 20,000,000 in one hit and trading well today.....I picked some up today and hoping you along with TOPGUN win the September competition!!(I've got interest in both) What do you know in regards to OPM.......Maybe should pick up more?...Cheers :)

[Porper]

Well chaps, this is it, the day of reckoning tomorrow.I am still hoping that they have kept the best news 'till last and that they have out thought the market and will get the timing right.

Ok, can but hope !!

[Bingo]

Megas,

I am loaded with MUL and OPM so I see to-morrow as a big day one way or the other. Don't know anything for sure about OPM, but I am very confident they have a way to go yet. Much less confident about MUL. You would think they are holding a good anouncement for to-morrow and I was looking for evidence of that in late trade. There was a bit of late volume, but not enough to make me confident.

Good luck.

Bingo

[kifoghorn]

Mmmm As a newb, been looking a little at both. At a guess I would say MUL is likely going down and OPM likeky going up :o

But then I am a newb at this....

[stefan]

I don't know why you guys think that tomorrow is so important for MUL. All they have is a meeting where they ask for the approval of more shares and options. They will get what they want so there is nothing that would push the price up or down. Except for the fact that they will continue to issue shares and options like crazy but that's nothing new either.

If there is more news, then it doesn't matter if it's coming out tomorrow or next week. They will hopefully have more contracts waiting to be announced but this is MUL. Anything can happen to it. I consider MUL to be fairly valued at these levels for what they have achieved so far. So without bad news the price should remain stable with minor ups and downs. That's all I can see for now.

2004 was a disappointing year for shareholders.
Management is trying to sell the 4.6 million dollars they made out of their sat business as a success. What a joke! Sales revenue was 18.7 million. Despite the fact that they introduced the 2nd transponder earlier than predicted, they failed miserably in achieving the predicted revenues of 132 million that was stated in the Findlay report. (Yes, I know that this report is crap, but management was very keen to promote it, so I will use it here to reflect their performance.) In other words they will need to increase sales revenue by 115 million in 2005 to achieve a goal they should have achieved the year before. Only then would they be profitable. Now let me see...The last 2 deals combined will generate 1.2 million per annum. If they continue with this strategy, we will have to get a news release every 2nd day for 2005, otherwise they can't make 115 million bucks. Yes guys, I know this is too simple and they had multi million dollar deals in 2004 but there where only 2 of them. Woolworth and US-Army. Even if we allow 5 multi million dollar deals a 5 million each for 2005 we will still need plenty ofl announcements in 2005 to make it work.

I have always said that MUL is a very high risk investment. I will not rest to point that out until management starts changing its attitude. All they ever do is saying "we have identified more potential sources of income and we need more money to cover for that". If there is so much potential out there then I start wondering why they only made 18 million out of it so far.

Yes I am holding MUL and I keep doing so as I gave them 2 years to convince me that they can make money out of this. But I will never post anything positive just to keep myself happy. I'm a very critical shareholder looking for longterm investments. If they screw around with my money, then I will get upset and so should everybody else.

2005 will show us what our money is really worth. So keep counting those new deals.

Happy trading

Stefan

[Bingo]

stefan,

You are probably correct, however, I was convinced that they would announce something prior to the meeting to grease the way to gain approval. A distraction at least. This was generally supported by people I know.

The worry I had was that the deal announced earlier in the week was it.

Bingo

[kooka1956]

I,m still holding . There is a lot happening with this company , and a number of major players seem confident with their product , including the Australian Government . I believe it is only a matter of time when things really start moving . What I would like is a capital reconstruction to get rid of the multitude of day traders who seem to be influencing the share price consistently. Regards Kooka

[stefan]

Kooka,

I agree with you. The only way to achieve such a thing is via reverse split. My original schedule for MUL was a share price of around 30 cents by the end of the year, followed by a reverse split of 1:3 to bring the price closer to $1. Management has plans to list on NASDAQ and for this a US$1 shareprice is a must.

We shall see...

Happy trading

Stefan

[stefan]

NEWS this morning! Excellent deal with airworks. 60 million bucks with earning per share positive in the first year. Way to go... Keep em coming guys...

Happy trading

Stefan

[Bingo]

The timing of the announcement was as expected i.e. on the morning of the meeting.

Bingo

[stefan]

Bingo, you're right. This should be an interesting day for MUL. I for one regard this news release as one of the most significant ones based on the revenue and positive cash flow part. We shall see... the bid side looks promising ;)

[Bingo]

The build up this morning looked to me it would go higher that it has. It really does seem a lot of sellers need to cleared out over time before we a decent rise.

Bingo

[stefan]

Bingo,

The volume in MUL is too small to make it run much higher. We would need 100 million shares traded in a day to make it rise. That's what you get when you keep flooding the market with more issues and options like management did in the past. With 1.2 billion shares floating around, you need lots and lots of good news to increase the share price. Keep in mind that we only just started getting a few positive news releases which would indicate that they are able to gain market share. MUL is a famous stock with lots of bad stories attached to it. It has to get rid of its past and that's quite a task.

They have 8 months left of my 2 year time frame to proof that they can do it. The clock is ticking... ;)

Happy trading

Stefan

[Bingo]

Volume is now up to 51 Million and so it could get near 100 by close. It does seem that the good news has become more frequent. I hope that it doesn't dry up once to-days meeting is finished.

Bingo

[stefan]

More news... Hibis passed as well so there is no holding back in this area as well. Looking good indeed.

Happy trading

Stefan

[stefan]

All montions passed at the meeting as expected.
At least we made a point with 37 million votes against the issue of options.

MUL finished the day in the red! What a joke. I somehow think that there is more behind the price level than just a few daytraders.

Have a nice weekend

Steafan

[ghotib]

Stefan,

Did the board seem surprised to have any opposition, or has there been enough discussion that they expected it? And did they comment at all?

Thanks

Ghoti (still fascinated)

[Porper]

It doesn't seem to matter what the company announces the share price is in a downward trend still and that is just that.

It would appear the market wants big profits before they will invest in this stock long term.All this day trader stuff going on will just keep the share price down.Also having 15 trillion shares on issue doesn't help.

I will hold my little lot until the next figures and hope like crazy !!.

[stefan]

Did the board seem surprised to have any opposition, or has there been enough discussion that they expected it? And did they comment at all?

Ghotib,

I wasn't at the meeting. It's too much of a hassle to fly down to Melbourne from Brisbane just for MUL... Anyway, I can only assume that more than 35 million votes should make them feel a bit less at ease. However, something that catched me by surprise was the fact that only about 150 million votes were counted in total. This makes me thinking that it doesn't take THAT much to change something within MUL. Most holders just seem to be daytraders who don't really care what happens at meetings.

Have a nice weekend

Stefan

[TOP_GUN]

Hi Guys

I posted most of this on the other board, sorry for the delay I've been doing my real job!

Short summary (IMHO)

It took longer than expected to get Newsat running and money flowing inwards.

Now the growth in sales is greater than expected and coming for countries that MUL didn't expect (ie. 0-4M in 6 months).

MUL have no equal competitor in the near term (years) it takes so long to set it all up systems and software as MUL found out. There are a limited number of 2% slots that can take new satalites, everyone knows well in advance who is doing what.

MUL needed money in a hurry and still have NO DEBT, which they would rather than less script. The banks wouldn't lend without security.. Take a while making up their mind too. Not many companies have NO DEBT.

MUL have no intension of *continuing* to raise capital by issuing script (I think the cash will come from profits) that's not to say they will never do it again!

1/2 MUL's business is from the Middle East and growing, Africa is looking real good. (and they pay the bills) China no hurry as they are flat out keeping up with what they have now.

Today’s announcement shows MUL can pay 2M for 60M in revenue not a bad idea.

5M is coming back in once Woolies is completed.

Voting against the issues would have no effect as it was a done deal with A's shares voting power.

After hearing the board I would have voted yes, the meeting was VERY positive and I was looking at their faces to see if the board seemed genuine and unless they are the greatest con men (I can normally pick them) THEY ARE GENUINE AND THINK MUL WILL DO WELL.

Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT..

Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO.

VIASAT and MUL are good friends! (Very personal) VIASAT shares went from $4 to 44 they seem to have an edge on most others.

Reading between the lines MUL will show a profit for the 6 months ending 30 June 2005. This was eluded to more than once.

MUL are in no hurry to do a share consolidation. I think they won't till 15c.

IMHO hold MUL if you have a 6-12 month view and you will be rewarded if not sooner. I'm holding. I now look at this as a long term investment. I'm not worried in fact there are many other stocks that would cause me to loose sleep, MUL is not one.

IMHO MUL is or will be a hot T/O target.

TG

[Joe Blow]

Hey guys... do you think it's about time we started a new MUL thread?

This one is starting to get a little long.

[stefan]

TOP_GUN,

While I agree with your final statement that MUL is a long term investment (I made that same statement more than once and I set the time frame to 24 months one year ago), I have to point out a few things.


Now the growth in sales is greater than expected and coming for countries that MUL didn't expect (ie. 0-4M in 6 months).If that's what management has said then they are just talking trash. Sales are not at all greater than expected. According to the Findlay report they should already be MUCH higher. MUL has launched the second transponder much earlier than planned and so it should be no surprise that they are getting sales from countries covered by this beam. I just can't stand it when somebody is trying to sell bad news (4 million is VERY BAD) to shareholders.


MUL have no intension of *continuing* to raise capital by issuing script (I think the cash will come from profits) that's not to say they will never do it again!Yes, they have. Read the preliminary financial statement, page 3:
As such the Directors have identified the need for further capital in the near future to take advantage of these international and domestic opportunities and achieve significant sales growth more rapidly.


Today’s announcement shows MUL can pay 2M for 60M in revenue not a bad idea.Very nice indeed, but certainly the first announcement I've seen that actually shows significant profit.


Voting against the issues would have no effect as it was a done deal with A's shares voting power.Not true. It may not have an effect on the result, but it sends a clear signal to the board that there are unhappy shareholders out there and that they are willing to make their point.


After hearing the board I would have voted yes, the meeting was VERY positive and I was looking at their faces to see if the board seemed genuine and unless they are the greatest con men (I can normally pick them) THEY ARE GENUINE AND THINK MUL WILL DO WELL.You WOULD have voted yes? Does that mean you didn't vote or did you vote NO? (just out of interest)


Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT..Was that mentioned during the meeting? Because I certainly can't find anything that would support this statement.


Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO. Now you're entering dangerous territory. I don't know where you got that information from but that's something you should be careful with. Mind you that this doesn't really show us much. Bank of New York is acting as an agent for MUL to enter the US market. They don't put money on the table because they are keen about MUL, but because that's their business.


VIASAT and MUL are good friends! (Very personal) VIASAT shares went from $4 to 44 they seem to have an edge on most others.
With all due respect, Viasat is playing in a different league. MUL is a subscriber to their services. VIASAT has NO relation whatsoever with MUL except for business. How can you call it very personal????? Is one of the VIASAT board members married to a daughter of one of the MUL directors? ;)



MUL are in no hurry to do a share consolidation. I think they won't till 15c.I agree. I even put the target much higher to 30cents.


IMHO MUL is or will be a hot T/O target.True, but that will take a while. First they will have to proof that their business is worth the money.

Have a nice weekend

PS: By all means, GO MUL!!!

[TOP_GUN]

If that's what management has said then they are just talking trash. Sales are not at all greater than expected. According to the Findlay report they should already be MUCH higher. MUL has launched the second transponder much earlier than planned and so it should be no surprise that they are getting sales from countries covered by this beam. I just can't stand it when somebody is trying to sell bad news (4 million is VERY BAD) to shareholders.

MUL and the Findlay report are not the same thing, they will remove the fiction from the web site, and I'm not trying to sell bad news, nor are they, if you were at the meeting you would have a better understanding.



Yes, they have. Read the preliminary financial statement, page 3:

Very nice indeed.

We agree on that some good at last!

Re voting..


Not true.

Your wrong. It is true.



It may not have an effect on the result, but it sends a clear signal to the board that there are unhappy shareholders out there and that they are willing to make their point.

Again you should have been there with your shares if you feel so strongly.
I went up to the chairman to ask where the ballot box was, and have a chat, he said there was no need to collect other votes as the motion had already passed, in other words there were not enough votes out to change the outcome.


You WOULD have voted yes? Does that mean you didn't vote or did you vote NO? (just out of interest)

I did vote yes but held onto the form so I guess to issue them in the first place was stupid.

"Standard and Poors have just re-rated MUL OK Last week or so, NO DEBT.. "


Was that mentioned during the meeting? Because I certainly can't find anything that would support this statement.

Attend next time.

"Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO. "


Now you're entering dangerous territory.

LOL


I don't know where you got that information from ..

Don't you listen? I WAS AT THE MEETING.

In fact I'm quite offened by your remarks and repeat the above to most of your questions.

This is from another board.


Top Gun I was there too - good accurate summary. After hearing what was said I am in no doubt we are on a winner and within the next 6 - 12 months our share price will be at all time high.

They mentioned a "cross-over" point being reachedd where set-up costs would reduce substantially and incoming revenue would increase. From what they said about their connections in Middle East, and the new business opportunity in Libya as well as the announcement due out in a few days about the HBIS scheme I am confident we will see some really positive figures in the Novemeber AGM.
Be prepared to be pleasantly suprised is my take on what was said today at the meeting.
I hold substantial shares which I bought well above the current price and I am quite content in the knowledge that these people are building a business that will be successful in the long term.


TG

[kooka1956]

Sorry Stephan, I must agree with Top Gun . You have been rather critical of his comments about the general meeting which he attended . Then again this is what a forum is about . A little sceptisism is needed every so often to balance the arguments . I have on many occasions over the years fell in love with a stock, some of which is now used as wallpaper!!!!! Having held MUL for more than 3 years I have seen the ups and downs . The current position of the company is the most positive in all that period of time, even though it doesn,t show in the share price , (because of the abundance of shares on issue and the influence of daytraders). You can say that I fallen in love with this stock as well , but age does make you more wiser,I think I have learnt from past mistakes . Thanks Top Gun on reporting from the meeting . Regards , kooka

[stefan]

Don't you listen? I WAS AT THE MEETING.

In fact I'm quite offened by your remarks and repeat the above to most of your questions.TOP_GUN,
Frankly I dont' care if you're offended by my remarks. None of them were personal or specifically pointed towards you. If you can't stand that somebody is more critical towards MUL than yourself, then you probably shouldn't post at all. End of story.

Please note that you mixed up a few things in your posting and you quoted me incorrectly.


MUL and the Findlay report are not the same thing,MUL has embraced the Findlay report several times once it was released. You may keep in mind that Findlay is the company that gets all the free options for providing financial services. I never said that they are the same thing and I even mentioned that the report is crap. Nevertheless it was released and referred to by management several times in the past.



Again you should have been there with your shares if you feel so strongly. I went up to the chairman to ask where the ballot box was, and have a chat, he said there was no need to collect other votes as the motion had already passed, in other words there were not enough votes out to change the outcome.I wasn't at the meeting, but I did vote. If you were up there and had a chat, then I assume this is where he mentioned the thing about the $US 2 million to you? It doesn't really matter because it is of no importance as I mentioned in my previous post.


I did vote yes but held onto the form so I guess to issue them in the first place was stupid. Well, they have to issue the forms for legal reasons. So it wasn't stupid at all.



Attend next time.Thank you for the friendly reminder. I assume you're out of arguments?

TOP_GUN,
I'm looking forward to the annual report. It will reveal the biggest shareholders of MUL and if your statemtent is correct, you would be one of them by holding 6 million shares. That will shed some light as to why you are so incredibly keen to defend MUL against all critics.

I'm a MUL investor and as such I do believe in the future of this company. I would however never attack somebody who's slightly more critical towards MUL. Feel free to post your positive sentiments for MUL on as many boards as you like but keep in mind that there are VERY good reasons to have a slightly different view.

Now calm down, count to 10 and come back again...

Happy trading

Stefan

[stefan]

Sorry Stephan, I must agree with Top Gun . Kooka, I don't have a problem with that at all. ;)


You have been rather critical of his comments about the general meeting which he attended .
Yes, and he has failed to proof me wrong. I'm critical towards some of the statements that he made as they are made by him and not officially by management.


Then again this is what a forum is about . A little sceptisism is needed every so often to balance the argumentsThere you go. I couldn't agree more. Mind you that I'm not AGAINST MUL. I'm just against postings which are trying to paint nothing but blue sky when in fact there still are some rather grey clouds around.


Having held MUL for more than 3 years I have seen the ups and downs . The current position of the company is the most positive in all that period of time, even though it doesn,t show in the share price , (because of the abundance of shares on issue and the influence of daytraders). You can say that I fallen in love with this stock as well , but age does make you more wiser,I think I have learnt from past mistakes
I only held MUL for the last 16 months, but I have already seen more than enough up and downs ;). I agree that the current position is the most positive in all the period of time. In fact it is so promising that I bought more shares last Friday.

Now let's forget our little argument about MUL and focus on its future. We all hope for the same. That the price will go up and that we can FINALLY make some money out of it. (Well, TOP_GUN is even looking for a seat on the board ;) )

Happy trading

Stefan

[pinguen]

It is your right to be critical of TG Stefan. However I must say that I believe him to be fair and honest in his posts.
An important factor is that Mul appears to have been selected for two separate hibis schemes. The doctors and the general rural public.
This, plus the Woollies deal, should make a tremendous impact on potential investors.
Lets hope that they run with it. Perhaps than day traders would than stop playing, with Mul shares and hang onto them.
Regards

[stefan]

However I must say that I believe him to be fair and honest in his posts.
I don't say that he's not honest. I just question the conclusions he makes because I regard them as plain wrong and confusing for potential investors. MUL has lots and lots of good deals and I would be the first to support the view that the price will go up shortly. I just don't think it's fair to post such a brilliant picture about management and MUL after a meeting where nothing more was said or done than voting for or against new issues of shares and options.

The annual shareholder meeting will be a different story. More people will attend it and more people will have questions that management will have to answer. I'm very much looking forward to that as it will give as a more accurate view of things.

If you are holding 6 million shares (as TG has mentioned) then I can see a clear conflict of interest and I will not rest to remain cautious about statements made by major shareholders.

There is no need to try and explain to me why MUL could go higher. I AM HOLDING over 1 million shares in MUL and I BELIEVE IT WILL GO MUCH HIGHER. Everybody who hasn't got any shares now will look back in a few months, scratching his head in disbelieve. Was that clear enough now? :)

Happy trading

Stefan

[stefan]

Well, somebody is certainly dumping a lot of MUL shares today! 0.035 within minutes...

[Joe Blow]

Well, somebody is certainly dumping a lot of MUL shares today! 0.035 within minutes...
Whoever was dumping has now finished. Buyers coming in and buy side market depth improving.

Wish I'd had a bit of spare cash to go in and clean up some shares at 3.5c.

Oh well!

[Bingo]

I must say that this price pressure after reasonable announcements makes me nervous. The price is now worse that prior to the announcements.

I hope you a right Joe that buying at 3.5 would have been smart to-day. I will watch the trading to-morrow with interest. If there is selling pressure early then my concern level will rise.

Have a nice day all.

Bingo

[Bingo]

Everytime they try to rise there is a seller. At 3.4 it does not look good. Does anyone have any idea who the seller(s) is?

Bingo

[cigany]

It may its interest to some of you

-- 09/13/2004
NewSat Australia Selects Encore Networks to Provide VPN Solutions Over Broadband Satellite Networks
NewSat Will Offer Encore's End-To-End VPN Security Products With Patent-Pending Selective Layer Encryption for Satellite Networks Throughout Australia and Asia
DULLES, VA -- (MARKET WIRE) -- 09/13/2004 -- Encore Networks, a leading developer of integrated converged Virtual Private Network (VPN) security solutions, today announced that it has signed a reseller agreement with Australian satellite broadband operator, NewSat. NewSat will add Encore's complete line of IP only and IP+Legacy VPN security appliances to their broadband satellite solutions.
NewSat, a wholly owned subsidiary of Multiemedia Ltd. (ASX: MUL.AX), one of Australia's largest satellite communications companies, offers high-speed, two way (V-SAT) satellite broadband services. NewSat provides next generation video, Internet, VoIP and data communications for organizations throughout the Australasian market whose networking needs have outgrown traditional broadband technologies, such as ADSL, ISDN and cable. NewSat's customers include Woolworths Department Stores through Airworks Media and the US Department of Defense.
"NewSat has taken the lead in deploying products that can provide end-to-end secure remote access over satellite and terrestrial connections to remote Australian locations," stated Bill Grant, Encore's Vice-President of Broadband Network Solutions. "Encore's site-to-site satellite VPN solutions will be instrumental in NewSat's ability to continue delivery of bundled broadband VPN solutions."
Encore Network's VPN security products, including the BANDIT™ and the VSR-30™ are uniquely versatile IP+Legacy and IP only VPN appliances that provide satellite enterprise data networks support for IP VPNs, stateful inspection firewall, IP routing and QoS, legacy data protocol convergence, and patent-pending Selective Layer Encryption (SLE). With its feature-rich ELIOS operating Systems, Encore Networks help NewSat address their today and tomorrow customers need with a broad range of applications and services that allow them to converge their data applications to broadband IP infrastructure without compromising the security of their data and the level of performance that they get over terrestrial networks.
"Our mission is to open new frontiers for networks in any location, with video, Internet, voice and data communications that make traditional broadband services look dated," said James Kellett Director of Marketing of NewSat. "Encore's VPN security solutions insures our quality of service to these locations by providing the only appliance to date with Selective Layer Encryption which guarantees our high, two way throughput."
About Encore Networks
Encore Networks www.encorenetworks.com is a market leader in developing Secure, Converged, Broadband solutions for carriers and enterprise customers. This includes innovative VPN and security solutions for satellite, and terrestrial networks, evolutionary products for legacy data to broadband IP conversion, as well as advanced signaling and voice inter-working solutions for circuit-to-packet migration.
About NewSat
NewSat www.newsat.com.au is the high-speed; two way (V-SAT) satellite broadband service from Multimedia. The NewSat True Broadband solution is superior in access, speed, applications and price to any other broadband service available in the Australasian marketplace.

[stefan]

Does anyone have any idea who the seller(s) is?
That would indeed be interesting to know. It would appear that the sellout is over. Whoever it was, he had a huge amount of shares to dispose.

Now MUL will just sit on the new low until some news will move it back up a bit. Pitty, but you got to be VERY patient with MUL. I was already warming up my fingers in case it would drop towards 3cents for an aditional buy order, but for now that seems to be far off.

Happy trading

Stefan

[kooka1956]

Thanks for the information cigany .This looks like another avenue for increased turnover for MUL . In August they announced their 1000th signup. Many appear to be onsellers of MUL,S satellite technology . If each of these can get 100 customers only, the exponensial turnover can be enormous in a short period of time . Regards KOOKA

[pinguen]

Hi,
I've located some more of mul's customers:
nsw.net satellite
calibre net
Broadband wireless tasmania
Cheers

[pinguen]

Hi Stefan and TG,
Did you notice Mul's cash position and receivables at the end of June in their report on the asx.
I reckon that they're in a very good position.
Regards

[stefan]

pinguen,

Yes, I sure noticed it. But I have some trouble reading their preliminary report. They once had 11 million cash at hand. Where is it? I'm also worried that we will see a capital rising again very soon.

Nevertheless MUL is being pushed lower each day. There is either something bad around the corner, or findlay is cashing in on their free shares to cover some costs :) I can't see why you would sell big blocks of 1 million shares at these levels other than to cash in on some free options and shares you got over the last year. There are plenty of them out there.

Anyway, there is also plenty of time left for them to give me a magnificent profit. If you hold MUL for the short term, then you're probably a bit shaken by now.

Happy trading

Stefan

[Bingo]

Finished at 3.1c on 46 Million turnover. This does not look good at all.

[stefan]

You can look at it this way:
For daytraders this is a nightmare right now. Which is exactly what longterm investors are looking for. ;)

The share price is now reflecting MUL's current position in the market. They have close to no revenue (14 million from their sat business which is their main source of income) with 1.2 billion shares issued. MUL will declare a loss of 1 cent per share for 2004.

There are millions and millions of options that were issued at 3cents.
Over the last year, it has gone from under 1 cent to 12 cents without much resistance. There is an old rule out there which says that a stock will go back to fill the gaps it left on its way up. MUL has done exactly that. It came all the way down to 3.1 cents. Based on this theory the gap is now filled and the stock will now act more rationally on its way up IF there is reason to do so. I'm not saying that there will be nothing but sunshine ahead, but I'm saying that I can't see much more downside potential below 3 cents.

As a longterm investor, I think there are plenty of reasons in the near future so I'm holding and buying more when it seems reasonable. If you don't have the money to hold this stock for longer than daytrading, then you will and already have suffered badly.

Make up your mind on this one. It's about to show its true face.

Happy trading

Stefan

[Porper]

Well, thanks for that last post Stefan, I feel slightly better now than I did 2 hours ago.
Mul were my first buy in the stockmarket for 15 years and I must admit seeing the price now 25 % down from where I bought, I was feeling a bit down.However I always saw them as a long term investment ( To me that is about 2 years).
My feeling down was further exemplified by the fact I sold another stock I held yesterday only to see it go up 7 % today !!

I have a lot to learn but I am enjoying it.

[pinguen]

Is the other site down?

[stefan]

Ah, what a shame to see the MUL thread almost falling out of the top 20 threads. I think it's time to talk a bit more about our favourite love or hate stock. I'm wondering if there is any other stock that has a similar amount of emotions attached to it.

It has finally dropped to 3 cents last week and I still think that it had to come to this based on the "filling the gaps" rule. I remember about a year ago there was a discussion on hotcopper while MUL was going from one new high to another. When it broke the 5 cents barrier doubts arised whether or not this could be sustained. If you were critical towards its performance you got trashed. (nothing much has changed in this regard, really...;) ) Anyway, today MUL is trading at 3 cents, up from 0.006 before they announced the satellite business and down 9.5 cents from its high of 12.5 cents. As I mentioned before, IMHO it would appear to be fairly priced now. (One can always speculate what a fair price is for a stock that doesn't make any profit). Nevertheless I think it is in a much better position now to grow at a sustainable rate with fundamentals backing its price as soon as we see money flowing in from its contracts.

MUL should be able to make a profit of 80 million after tax in 2005 from a "technical" point of view. They have the transponder capacity and coverage to do that. All they need are customers and I have no doub that they will find them.

This would mean a EPS of about 8 cents. 3-4 times EPS would be 30 cents which is what I still have in mind for MUL. I originally hoped it would be there by the end of this year, but since 2004 was a loss, this will take a lot longer.

I will hold on as this stock seems to turn into something a bit more serious than a pump and dump leftover from the dot com boom.

Happy trading

Stefan

[crocdee]

completion of the gap rule 2.2c on 31-7-03 0.8c on 3-6-03
lets hope the rule doesnt always apply.

croc

[Joe Blow]

MUL just dipped to 2.8c... now I'm starting to get a bit nervous.

I'm just a little confused as to the reason for selling at these levels. Do they know something we don't?

Hmmmmm...

[crocdee]

u-buyers in and out all over the place over the last 3 weeks which looked like they were propping up the price for exit and perhaps waiting for lower levels to re-enter but where will it stop. alot of trading early today starting to smell like something up. maybe an interesting week ahead.

croc

[tiggy7]

one support buyer just came in with 8mil to buy at .27 buys side building once again. Any feedback on the charts.

[stefan]

completion of the gap rule 2.2c on 31-7-03 0.8c on 3-6-03
lets hope the rule doesnt always apply.

Croc,
Thanks for the 2.2cent gap. I somehow wasn't aware of that. Surely the 0.8 cents can be ignored simply because of the changed circumstances that MUL is in. However, the 2.2cent one is a worry. But based on the many options that were issued at 3 cents, I would consider a price in the middle as a good bottom for a bounce.

Then again it's MUL... :(

Happy trading

Stefan

[crocdee]

the charts are still going down no sign of a turn around yet. major resistance @ 4.5c and a gap @ 5.2c 17-5-04

croc

[stefan]

the charts are still going down no sign of a turn around yet
The charts will keep going down until the turn around has already happened. I'm now considering adding even more to my portfolio. This is almost too good to ignore below 3 cents. Somebody just dumped a truckload full of MUL.

I must be missing something here...

Happy trading

Stefan

[crocdee]

2.2c is my next entry point

regards croc

[stefan]

2.2c is my next entry point
I'll make mine 2.6 but only if we see it on the seller side.

Happy trading

Stefan

[tiggy7]

wonder who is dumping so much and why ?

[pinguen]

New skies reported 2nd quarter revenue of approximately $83 mil, ebita of $56 mil and net of about 19 mil.

[stefan]

I did a bit of reading. I suggest you go to www.satnew.com and download the september issue of their magazine. Some interesting stuff in there about the Middle East and Africa where MUL obviously sees so much potential. Then I found an article referring to the Sudan Telco Deal on an African website. It is rather interesting to read because it contains statements that I haven't seen in the official new release here in Australia.


AUSTRALIAN SAT CO SIGNS SUDATEL FOR BROADBAND SERVICES

An Australian company developing satellite-based broadband services across Asia, the Middle East and North Africa claims to be at least six months ahead of its business plan and expects a another significant surge in demand following confirmation of a new partnership this week.

Adrian Ballintine, CEO of Multiemedia says that the company passed a major milestone this week in securing business with the Sudanese national telco, SudaTel, and anticipates “extensive activity in the Middle East and North Africa over the next twelve months.”

The new deal, which will see Multiemedia subsidiary NewSat provide two-way satellite broadband and VoIP services for United Nations relief teams in Sudan, follows other recent entries into Iraq, Iran, Afghanistan, Eritrea and Libya.

Having launched its V-SAT offerings using the New Skies Satellites NSS-6 bird in May 2003, NewSat is now providing services in 15 countries, a spread putting it "at least six months ahead of schedule", Ballintine said.

“The market has moved really quickly and we have been able to utilise our experience in Australia to provide quality services at fast pace” he said, adding that the company has opened a new Dubai office and is competing for several other major contracts in the region.

The NewSat service is managed out of a shared teleport in the eastern Australian city of Newcastle.

Makes me think that MUL is currently trading at very competitive levels. However, there are also significant problems in Africa with existing telco laws as mentioned in the satnews september issue.

Now the Middle East & North Africa Satellite Summit (MENASAT) is happening between 5-6 October 2004 in Dubai. I would clearly expect some news out of this event and I guess so too does the market. Surely October looks interesting with MENASAT scheduled for the first week.

Let's see what happens. Somehow I guess MUL will get a please explain form the ASX after today's movement. It dropped by 10% during the day and that should normally trigger a few questions.

Happy trading

Stefan

PS: I am seriously considering a further increase of my MUL holdings tomorrow at around 2.6 cents and I am long on MUL. So do your own research and don't take anything for granted. I'm considering myself as very critical towards MUL but at the moment this looks like good value to me.

[JetDollars]

The Title for MUL should be 'MUL - It doesn't go anywhere?' just forget about it.

[stefan]

The Title for MUL should be 'MUL - It doesn't go anywhere?' just forget about it.
Maybe you're right, JetDollar, maybe you're right. But there's also a good chance that MUL will bounce strongly from here, considering the position it's in. So we shall see... I'll keep holding. The rest of my portfolio is doing well and I always had MUL for a bit of a gamble. What would life be without a bit of risk? ;)

Happy trading

Stefan

[TOP_GUN]

framed re: Hey tg, how come you dont post on Auusie stock forums anymore?

I will, most there seem to be seroius about MUL as soon as I have some new news on it will go.


"is it because you said...

Bank of New York have put 2M $US on the table for listing should MUL wish to do so, MUL have better things to do ATM. Given time they will IMHO. "

--Is it something in the air?? A day for 1/2 baked stupid questions??

Others on this board were there too,

*****************
NOT YOU.
*****************

ASK THEM IF I WAS QUOTING CORRECTLY!!!!!

Geezz...

[stefan]

TG,

Are we supposed to read something out of this post?
With all due respect, it sounds rather strange to me. What's the point about it?

Happy trading

Stefan

[Bingo]

Mul now at 2.3c. It does seem that they are in really bad shape. The selling is reasonable quantities and you would suspect that it is smart selling.

The question when will it bottom?

Bingo

[crocdee]

next support level is 2.1c if it falls through this level then we are in trouble.
stefan and tg you must be cocerned now, what are your thoughts

regards croc