Acquisitive Silverback Media, PLUS-quoted online and mobile advertising and marketing hopeful, plans an AIM issue before July.

Chief executive officer Martin Doane is in Germany at present negotiating one of three potential acquisitions, two of them in the USA, for which he hopes to pay over time in milestone stages mostly in shares with a small cash element. Unconstrained by false modesty, he claims that Silverback, with operations in London, Paris, Toronto and Los Angeles, should be able to buy its targets for negligible multiples of their revenues and rapidly boost their market valuations.

Doane says Silverback, which floated on PLUS in November at 44.5p and is now quoted at 31p, should fairly soon be cash flow positive in parts and argues it should score because of its particular business mix. In December, the company raised £355,000 from General Capital Venture Finance at 28.5p and intends to float on AIM with another fundraising ‘in the second quarter of this year’.