Latest Views & News

A challenge for David Stredder and Mello Events - musicMagpie

By Tom Winnifrith | Monday 28 March 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


So, David: do you want the audience to learn anything, or are you a mere PR man for low-grade corporates?  Tonight, musicMagpie (MMAG) is presenting at Mello Events, and you can bet that it will not discuss how, shockingly, it deceived investors about real competition in its IPO prospectus; or how its CFO-turned-COO was a serious fraudster.


So, will those attending ask questions concerning this? Well, one would expect so. But it seems that David Stredder “filters” all pre-submitted questions beforehand.


Now, I realise that Magpie is paying to ramp its shares; but if one cannot ask about key areas of investment proposition, what is the point?


Mr Stredder and Mello must often face such quandaries, but the case of Magpie is so stark that questions must be asked – and, if the response is inadequate, followed up on. If they are not, then the event is simply another PR exercise and is, therefore, entirely pointless.


Magpie shares remain a sell at 50p, with a target (when it runs out of cash) of 0p.




This story is available to all readers
ShareProphets is reader-supported journalism

Become a member starting at £5.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

Monday »

Tom

Just 26 days to go: Book Now!

Sunday »

Beggar

Me and “The Millionaire Next Door”

Tuesday »

SNX

Synectics – a recovery Buy?

 

GetAFix

Malcolm Stacey is Moving House

Monday »

WG

Wood Group - a Buy (again)?

 

Bear

Video: Bubbles always implode