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Going to break and hold that 1.00 mark?
I remember when KUTV used to have so much potential...... then all of a sudden the company decided to change it's business model and now look at it..... just another Chinese POS stock that was never worth following in the first place.
KUTV to be acquired by Shanda Investment Holdings!!
http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#kutv
Things appear to be improving here..... Will keep it on the radar for now.
NEWS: Ku6 Media Reports Unaudited-Financial-Results for-the Third-Quarter of Fiscal Year 2014
I posted this earlier today on the YMB for KUTV and decided to pass it on here:
Huge Loss to be Reported
For those of you unfortunate enough to still be invested here, please read the NT 20-F and 6K filings for 4/24 and you will see that:
1. Sales for Q4 will be BELOW LY & Q3;
2. Sales for 2013 will be $1M BELOW 2012
3. Loss for year will be appx. 34.5M vs 9.5M LY;
4. Cash at year end will be 1.7M vs 13.0M LY;
5. "Based upon certain conditions existing as of December 31, 2013, as well as certain events that have occurred subsequent to December 31, 2013, management has concluded that substantial doubt exists regarding the Company’s ability to continue as a going concern."
6. Short interest more than doubled from 3/31 to 4/15.
I actually tried to sell the shares short today, but my brokerage won't allow it, however, if you have the ability to sell them short, you stand a better chance of making money than by going/staying long - IMHO. Whatever you do, I wish you all the best. You can find the filings at SECdotGOV, don't take my word for it.
I dumped all of my shares @ 3.35 after buying in the day before. The news makes little sense from a buyer standpoint, and seems a bit fishy.
Short position here @ 3.36 - thinking this will head a little further south
News Out...
Ku6 Media controlling shareholder to sell 41% stake to Xu Xudong
theflyonthewall.com
52 minutes ago
Ku6 Media announced that on March 31 the controlling shareholder of the company, Shanda Media, signed a share purchase agreement with Xu Xudong, to sell 1,938,360,784 ordinary shares of the company, amounting to approximately 41% of the company's issued and outstanding share capital, to Xu. Shanda Media currently owns approximately 70.5% of the company’s shares. Xu is the founder and controlling shareholder of Sky Profit Limited, which operates iSpeak, a social platform that allows users to engage in real-time online group activities through voice, text and video. The aggregate consideration for the sale shares will be determined based on the lower of the market price of the company’s ADSs during the seven consecutive business days immediately prior to the closing of the transaction and the closing price of the company’s ADSs on the closing date. Xu will fund the purchase price through a loan from Shanda Media, which will be secured by a pledge of all the company’s shares beneficially owned by Xu. The transaction is expected to be completed by April 30.
http://finance.yahoo.com/news/ku6-media-controlling-shareholder-sell-141331115.html
CHINA SCAM 6 MILLION IN CASH 155 MILLION MARKET CAP WOW TALK ABOUT A SCAM AND A FRAUD HARDLY NO REVENUES LOSING MONEY ANOTHER CHINESE SCAM AND FRAUD SEC NEEDS TO HALT THIS WORTHLESS POS SCAM LIKE THEY DID $FU $RINO $SNOFF ALOT OF INVESTORS GOING TO GET HURT ON THIS ONE WORTHLESS POS!!!! GOING TO CALL THE SEC HOPE THAT THEY SHUT THIS SCAM AND FRAUD DOWN SELL SELL SELL SHORT THIS WORTHLESS POS CHINA TRASH!!!!
Buying a few shares at these levels.
KUTV's traffic has really fallen off the click over the past. Wonder if they're having troubles with their site.
The stock doesn't seem to be fairing all that well either.
Tick tock tick tock. 24k shares long here 3.14 avg
NEXT ONE TO GO FROM INTERNET COMPANIES IN CHINA.
bREEKOUT AFTER $4 KLOSE.
KUTV IS THE NEXT YOUTUBE OF CHINA :)
Good luck with GIGM, I bought back in '06 and finally ended up taking a 5K loss when I sold out in '11, however, made over 20K trading GIGM options in '07. Was a great stock for a while but management lost their focus and went in too many directions at once. Probably nothing more than a day trading stock now. GL
Early bird--here and GIGM
yup thislooks promising
welcome to da atm
I have arrived. My disciples will follow
ok time to get busy here
big run brewing here in china. get redy for the next one
I bet ve see $4 by end of month ;)
might breek ovr $3 today agaein onwards to $4
great Q1-14 ahead!
Net cash used in operating activities was US$3.86 million (RMB23.63 million) in the third quarter of 2013, as compared to US$0.93 million in the second quarter of 2013 and US$1.92 million in the third quarter of 2012.
FINS are out....
This line right here in the PR sums up a lot, including the primary concern that I've had in recent months.
Ku6 Media Reschedules Third Quarter 2013 Financial Results Report to December 19, 2013
Print
Alert
KU6 Media Co., Ltd. ADS, Each Representing 100 Ordinary Shares (MM) (NASDAQ:KUTV)
Intraday Stock Chart
Today : Tuesday 17 December 2013
Click Here for more KU6 Media Co., Ltd. ADS, Each Representing 100 Ordinary Shares (MM) Charts.
BEIJING, Dec. 17, 2013 /PRNewswire/ -- Ku6 Media Co., Ltd., (NASDAQ: KUTV) ("Ku6" or the "Company"), a leading Internet video company in China focused on User Generated Content ("UGC"), today announced it has rescheduled its conference call regarding its unaudited financial results for the third quarter 2013. Ku6 Media's management team will be hosting the conference call at 8:00 pm EST on Thursday, December 19, 2013 (9:00 am Beijing time on Friday, December 20, 2013).
Dial-in numbers:
International Dial-in Number:
+65 67239381
United States Toll Free Number:
18665194004
Mainland China Toll Free Number:
4006208038 / 8008190121
Hong Kong Toll Free Number:
800930346
Conference ID:
22629562
A replay will be available from 11:00 pm December 19, 2013 EST for 7 days.
International Dial-in Number:
+61 2 8199 0299
United States Toll Free Number:
18554525696
Mainland China Toll Free Number:
Hong Kong Toll Free Number:
4006322162 / 8008700205
800963117
Conference ID:
22629562
A live and archived webcast of the conference call will also be available at http://www.media-server.com/m/p/dhj8xijz.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (NASDAQ: KUTV) is a leading Internet video company in China focused on User Generated Content ("UGC"). Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides online video uploading and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visit http://ir.ku6.com.
SOURCE Ku6 Media Co., Ltd.
Copyright 2013 PR Newswire
FINS said to be out later this month. If that's the case, then we get to wait. Meanwhile, KUTV up 3.65% on an overall sour day in the markets.
Earnings are due out this week for KUTV, and hopefully they show signs of revenue growth. It would also be nice to see guidance from the CEO if possible.
earning are koming out next veek. get redy
earning are koming and it kould be a NICE caltyst for the next run to $6
folow the money
Estimated value of KUTV listed @ just under 2.0B $$$. There are various websites that offer revenue estimates, but this particular site instead provides market capitalization based on potential ad revs with their traffic, etc. Most of the websites I've encountered show KUTV and Youku as having similar values, with Youku always having a little edge in estimated revenues.
Notice how Youku's estimated value is very close to it's actual (3.9B estimate vs 4.7B actual) , while KUTV has a significant variance (2.0B estimate vs 127M actual).
http://www.worthofweb.com/website-value/ku6.com
http://www.worthofweb.com/website-value/Youku.com
While traffic has dipped slightly the last few months, the # of pageviews by visitors, along with the amount of time spent on the site are through the roof. The total time on the site is up 138% over the past several months to around 12 minutes. Youku on the other hand is down on both ends, and daily time on the site is currently around 3:30. While both sites have similar charts in terms of overall traffic, it's nice to see Ku6 gaining where it counts.
http://www.alexa.com/siteinfo/ku6.com#trafficstats
CHINESE YOUTUBE. K6 EQUALS 6 CHEE CHEE CHEEEE KUTV IS THE NEXT WON TO GO. EARNING ARE KOMINBG OUT VERY VERY SOON.
Bid/Ask 2.98/3.00 Up on Friday 6%+, and another 10%+ today.
Even if ad revs aren't great, there's accumulation here for a reason, IMO. Everyone knows that if they can eventually monetize on their traffic, including mobile, that they're golden. If her sister company is worth 4.5B and is supposedly attractive as a buyout candidate, then how much more is KUTV worth with just a small fraction of their market cap, and how much more attractive as an acquisition for a much larger company?
Stock up 4%+ on lighter volume. Based on LVL2 quotes, selling seems to have dried up for the time being.
Bought some more today. Sat at the bid for a while, but eventually hit the ask to get filled for a few more shares.
Feels like the MMs are ready to move this one higher, based on LVL2 movement. Only a short while longer until their FINS are filed.
Continues to move down on low volume. Hoping to buy some more KUTV later in the week at these attractive prices.
Loving it too!!!$$$
strong watch. considered play again KU6 @2.15
Now @ #65 worldwide.
Traffic rank is currently @ #92 worldwide. It's slipped slightly the past few days, but should rebound. The price action could be telling about the upcoming FINS, as it's more than doubled. If they show solid revenue and maybe even some profits, then this could be a stock that's worth many times the current value.
Compare it to YOKU, which is worth over 5B and you can get a feel for the value with this one should they begin to monetize on their traffic.
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