Hi Morrijo,
I cannot answer all of your questions for you, but I can offer the following as guidance:
1) HOW MUCH CASH
At 30 September 2003, MUL had $1.7M in cash (refer AR03, Director's Report (page 6) and that's after the Findlay $4.25M capital raising of August 2003.
In November, $13.5M was raised through the SPP.
That makes for $15.2M in cash, assuming breakeven business operations (not so). Actual current cash, therefore, is likely to be well under $10M.
Then there's the additional share issues for provision of services, all of which attract a deemed cash tag, including ~$3.0M for the 35M shares issued last Friday (for nil consideration).
2) HOW MANY SHARES ISSUED IN 2003:
Refer to the following posts:
Subject re: mul
Posted 16/11/03 18:37 - 229 reads
Posted by Grant62
Post #178829 - in reply to msg. #178823 - splitview
Shares on issue at 31/12/02 = 666M + 92M options (=758M fully diluted).
Shares on issue at 14/11/03 = 1.140B + 152M options + 70M convertible notes (=1.362B fully diluted).
Change in:
1)
issued status = ~475M shares; and
2)
fully diluted status = ~600M shares.
3) EXPECTED CASHFLOW:
Cannot answer this as no guidance from the Company has been provided. As for the Findlay forecasts, these are now broadly in error given the missed results for 2H03, as well as the delayed launch in services.
Cashflow for 2H03 was negative, as was also the case for FY03.
Likely 1H04 cashflow is likely to be negative (before financing activities).
4) CHANGE IN SHAREHOLDINGS:
I posted extensively on this back in October, including analysing shareholder movements between FY02 and FY03, and the filing of substantial shareholder notices in 2002 (but not in respect of selldowns in 2003).
However, for comparison purposes, please check the following:
As at 29/8/03, the top 20 comprised the following:
Jamif Pty Ltd 30,042,310 3.42
Mr Clinton Henry Starr 29,318,756 3.34
Willow Horizon Pty Ltd 24,942,816 2.84
Mr Phillip John Peters 15,5000,000 1.77
Lacemore Grange Pty Ltd 14,360,225 1.64
Kathmandu Investments Pty Ltd 13,528,942 1.54
Imperial Projects Pty Ltd 12,796,517 1.46
Micallef Plumbing Industries Pty Ltd 12,542,857 1.43
Mr Anthony Poci 8,681,729 0.99
Ms Wendy Starr 8,000,000 0.91
Soon Tek Trading Co Pty Ltd 7,300,000 0.83
ICOM Management Group Pty Ltd 6,000,000 0.68
Dexapine Pty Ltd 5,500,000 0.63
Jeddah Investments Pty Ltd 5,101,487 0.58
Ever Merry Investments Ltd 4,771,629 0.54
Mr Cecil Hoffman % Mrs Norma Hoffman 4,547,522 0.52
Medco Financial Services Pty Ltd 4,547,522 0.52
E-McGuire Pty Ltd 4,500,000 0.51
Mr Douglas Neil Adamson 4,300,000 0.49
888 Trading Limited 4,000,000 0.46
As at 24/10/02, the top 20 comprised the following:
Kathmandu Investments Pty Ltd 62,515,769 10.89
Jamif Pty Ltd 35,242,310 6.14
Micallef Plumbing Industries Pty Ltd 17,142,857 2.99
Lacemore Grange Pty Ltd 16,360,225 2.85
Ghazi Pty Ltd 13,637,980 2.38
Leverton Lodge Pty Ltd 12,497,167 2.18
Douglas Neil Adamson 10,700,000 1.86
Vulcan Ventures Inc 7,924,885 1.38
Anthony Poci 7,607,150 1.33
LJ Thomson Pty Ltd 6,046,517 1.05
Clarcount Services Pty Ltd 6,000,000 1.05
E-McGuire Pty Ltd 6,000,000 1.05
Dexapine Pty Ltd 5,550,000 0.96
DGJ Melbourne Pty Ltd 5,000,000 0.87
Ever Merry Investments Ltd 4,771,629 0.83
D'Alberto Developments Pty Ltd 4,500,000 0.78
Mark Ashley Noakes 4,500,000 0.78
Michael Corrente 4,200,000 0.73
Citicorp Nominees Pty Ltd 4,012,000 0.70
Sandra Dell Andersen 3,700,000 0.64
5) WILL THIS STOCK MAKE ANY MONEY?:
Enough information has been provided on HC, both for and against to ensure that you can make at least your own value judgement. However, in my own opinion, the answer is no. You should note though that my opinion is not the only one here. Therefore, please, ensure that you do your own research and make your own assessments.
MUL
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