mobiletech
MonsterMob Shares Drop on Delisting News
Filed in archive Mobile Content by tom on June 20, 2007
Mobile content provide MonsterMob isn't a happy bunny today, with news that the company's share price has dropped sharply on news that the company may delist from the stock market.
Martin Higginson, who recently rejoined the company after being sacked last year sold four million shares to LaNetro Zed at 50p per share, which represented a 63% premium to the closing price on the day. Zed now holds 66% of the company and is closing on the 75% needed to force the company into private ownership. The move has reportedly angered other shareholders who had been persuaded to reject an offer from China's Linktone valued at 65p per share.

The shares closed yesterday at just over 25p per share.

Via SMS Text news.

Permalink: MonsterMob Shares Drop on Delisting News
Tags: monstermob  share  stockmarket  mobile  2007  delisting+news  shares+drop  drop+delisting 
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/76658
img Addthis img Ask img Blinklist img del.icio.us img Digg img Fark img Facebook img Google img Lycos img Ma.gnolia Add this page to Mister Wong Mr Wong img Netscape img Netvousz img Newsvine img Reddit img StumbleUpon img Slashdot img Tailrank img Technorati img Wink img Yahoo

Vote for MonsterMob Shares Drop on Delisting News:

  • Currently 6.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 6.00 out of 2 vote(s) cast.
 
Subscribe
Share It
RSSrss
See all blog subscribe options
Google google
What is RSS?
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
Newsletter

TwitterFollow us on Twitter!