Artivision: SGX queries after shares plummeted 22% on Fri after reporting 4Q earnings, although this is a counter which had risen five-fold from a mth ago after unveiling a new application (App), which grp claims will enable online social network users to monetise their videos and pictures via ad inserts…..
Grp annouced it was not aware of any unannounced info which would have explained the trading. Grp saw FY11 net loss at $5.7m, but more worrisome was its balance sheet, which showed a negative equity of $1m - meaning accumulated losses had exceeded shareholders' funds.….
Many mkt watchers expect grp to raise funds via placement or borrowings, due to high capex costs, but some analysts reckon that if the Advision product is really as hot as it is made out to be, Artivision itself could become an acquisition target.
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