“It has now become clear to the board that the expected increase in revenue will take longer to fully materialise than originally expected.”

That was the warning, complete with gloriously split infinitive, that put the “burst” into Burst Media only four months after the internet advertising company floated on Aim in April 2006. There is nothing like an early profits warning to knock the stuffing out of new shares. They fell from a placing price of 82p and have bumbled along with little liquidity since, touching a low of less than 3½p at the end of last year.