Two interesting announcements this morning from a couple of Standard List participants, namely Falcon Media House (FAL) and Derriston Capital (DERR). it’s finally the long overdue end of the road for the former but could be just the start of an exciting journey for the latter.
It’s clearly one of those weeks where chickens (or falcons) come home to roost as the wheels have well and truly come off at Falcon Media House (FAL) this week and it looks like the inevitable is starting, only two years after I started warning about it HERE.
I last wrote about Falcon Media House (FAL) at the end of July following its year-end results (HERE) in which it stated that more funding would be needed despite only coming to the market in March. This morning it announced the form of such funding and it’s not pretty.
Falcon Media House (FAL) finally reported its year-end results yesterday on the last possible day and, surprise, surprise, despite only coming back to the market 4 months ago, with 12 months funds in the coffers, honest, it has now had to admit that it needs more funds. This is shoddy stuff and is an area where the FCA should investigate.
Apologies for the delay in this mini-series (Part 1 of which can be accessed HERE) but I thought I’d do the decent thing and ask Falcon Media House (FAL) some questions directly first. As it has ignored me, I thought I should just crack on instead and now turn to the worrying matter of the fast vanishing cash balance, both historically and forecast.
With the exciting news that Falcon Acquisitions (FAL), or Falcon Media House as it is now known, has finally come back to the market after an eight-month suspension, I thought I’d do a review of a few of the interesting bits coming out of the long-awaited prospectus as a counter-balance to the tsunami of bullish noise from all the usual places yesterday. Unsurprisingly, there is staggering lack of disclosure that is all too normal with Standard List companies.
I was going to wait until the prospectus came out for the Quiptel deal before commenting on the recent acquisition by Falcon Acquisitions (FAL); however, my spelling and grammar OCD got the better of me so I had to get a few things off my chest sooner rather than later.
Hallelujah! Only six months after admission, the Sub-Standard Shocker XI stalwart, Falcon Acquisitions (FAL) yesterday announced a potential RTO of the exciting OTT business, Quiptel Hong Kong Limited. Months of looking and it was under its nose the whole time!
Falcon Acquisitions (FAL), the sister company to dog with fleas Challenger Acquistions (CHAL) has today announced it has raised £163,000 at 20p. The question is why?
With Falcon Acquisitions (FAL) also putting out its results and Annual Report this week I had a dig around there too but as the period being reported upon pre-dated the IPO in January this year there’s not a lot to see, although the Directors’ report still made me smile.
Falcon Acquisitions (FAL) has been getting a bit of attention recently, although volumes are still very low, and for no apparent reason has seen it’s share price nearly double in the past eight weeks!
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