Close to what we have been hoping for. They completed their financial audits for 2019, 2020, and 2021. Preliminary revenue for 2022 is $59 M, and they are actively evaluating alternatives to facilitate liquidity to shareholders in 2023.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://investor-assets.libsyn.com/wp-content/uploads/2023/03/Libsyn-2022-Financial-Update-Final.pdf

Anyone up for a class action law suit? I'm up. Don't know what's is going on with this overpaid mgmt.

I have called and e-mailed several people at Libsyn multiple times in the past two weeks, including CEO. Bradley Tirpak, CFO, Jonathan Charak, and the the Company's general phone number. I have had no responses. I am a shareholder, but they are completely ignoring me. What else can I do?

Does anyone here have any information of when/if this company might issue financial statements and perhaps relist?

I called the company and someone called me back. They had to redo 2020 and 2021, because the earlier numbers fed into those years. They might do an IPO, instead of a straight relist, but I was assured my shares would be protected.

Who did you talk to? I can't believe they have taken this long to get their numbers together. If they are changing 20 &21 numbers, that would be during the new management with a new CFO on top of that. Also I thought there was a longer wait time to relist, if delisted.

They are still revising 2020 and 2021 books. They plan to be current and relist by autumn.

Anyone know what they are doing?

No more investor relations. Have to call the company.

Reply: There is no longer an LSYN ticker because the shares of Liberated Syndication Inc. are now privately held shares, not publicly owned shares. Privately owned shares are tantamount to being worthless because shareholders cannot trade those shares.

If Liberated Syndication Inc. wants the company's shares to trade again on a public market the company would need to file a new FORM 10 to reregister with the SEC.

What happens now. Are our shares worthless?

Thanks, dazetrader. Confirmed: LSYN SEC registration revoked:

https://www.sec.gov/litigation/admin/2022/34-94727.pdf

https://www.sec.gov/cgi-bin/browse-edgar?company=Liberated+Syndication&match=&filenum=&State=&Country=&SIC=&myowner=exclude&action=getcompany

Will they relist? How long will that take? Or did they do this to screw shareholders?

What happens now? I guess this is what they wanted.

$LSYN SEC has revoked their securities. https://bit.ly/3JMKuBi

Anyone know when the SEC shuts them down. They sure don't seem to want to get their accounting together. It should not have taken this long unless they want the SEC to act.

absolutely

Insiders Camac buy more shares cheap, while this accounting scam goes on and on. Is this mgmt. crooked as the last mgmt?

LSYN SEC. Admin. Proceeding for severely delinquent Financials (Sept. 2020)

https://www.sec.gov/litigation/admin/2022/34-94193.pdf

Another CFO. They still can't get it right. Let the law suits begin.

On September 29, 2021, the Board of Directors of Liberated Syndication appointed Jonathan Charak, as Chief Financial Officer of the Company, effective September 29, 2021.
Is this good news or bad news?

No numbers for a year. Unacceptable. Are insiders loading up in the low $3 range, so if and when numbers are released, they make a killing? Are they so screwed up, no one will touch this? Or has this turned into a scam?

I would love to buy at this price, but Fidelity won't let me, because of the "lack of information" from the company.

Didn't they already get rid of Spencer and his henchman CFO?

This CEO and board need to be fired now.

Looks like the rats are jumping ship.

This company still can't get their accounting act together. Even with a new overpriced CEO and so called activist on the board. Half the year is over and still no numbers. Easy pickins for a ambulance chasers.

LSYN Stop sign now gone

$LSYN INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Liberated Syndication Inc. and Encourages Investors with Losses to Contact the Firm
Press Release | 05/31/2021
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Liberated Syndication Inc. (“Libsyn” or “the Company”) (OTC: LSYN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Libsyn filed a notice with the SEC on May 18, 2021, stating that its “Consolidated Balance Sheet as of December 31, 2018, the Consolidated Statement of Operations for the year ended December 31, 2018, the Statement of Stockholders’ Equity for the year ended December 31, 2018, and the Consolidated Statement of Cash Flows for the year ended December 31, 2018, all as presented in the Company’s Annual Report on Form 10-K/A for the period ended December 31, 2018, as filed with the Securities and Exchange Commission on May 27, 2020” along with “the related interim financial statements and interim financial statements for the first three quarters of 2018,” should “no longer be relied upon due to errors in recording local sales and income tax, errors in recording VAT and General Sales Taxes, errors in recording withholding tax related to restricted stock vesting events, and errors associated with deferred tax calculations.” Libsyn stated that “the Company will correct the financial statements for 2018 and 2019 and the quarterly reports for 2020 in forthcoming amendments to the applicable Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.” Based on this news, shares of Libsyn fell by about 7% over the next several trading sessions.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210531005218/en/

$LSYN INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Liberated Syndication Inc. and Encourages Investors with Losses to Contact the Firm
Press Release | 05/28/2021
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Liberated Syndication Inc. (“Libsyn” or “the Company”) (OTC: LSYN) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Libsyn filed a notice with the SEC on May 18, 2021, stating that its “Consolidated Balance Sheet as of December 31, 2018, the Consolidated Statement of Operations for the year ended December 31, 2018, the Statement of Stockholders’ Equity for the year ended December 31, 2018, and the Consolidated Statement of Cash Flows for the year ended December 31, 2018, all as presented in the Company’s Annual Report on Form 10-K/A for the period ended December 31, 2018, as filed with the Securities and Exchange Commission on May 27, 2020” along with “the related interim financial statements and interim financial statements for the first three quarters of 2018,” should “no longer be relied upon due to errors in recording local sales and income tax, errors in recording VAT and General Sales Taxes, errors in recording withholding tax related to restricted stock vesting events, and errors associated with deferred tax calculations.” Libsyn stated that “the Company will correct the financial statements for 2018 and 2019 and the quarterly reports for 2020 in forthcoming amendments to the applicable Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.” Based on this news, shares of Libsyn fell by about 7% over the next several trading sessions.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


View source version on businesswire.com: https://www.businesswire.com/news/home/20210528005453/en/

$LSYN EQUITY ALERT: Rosen Law Firm Encourages Liberated Syndication Inc. Investors with Losses to Inquire About Class Action Investigation – LSYN
Press Release | 05/28/2021
WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Liberated Syndication Inc. (OTC: LSYN) resulting from allegations that Libsyn may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Libsyn securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2103.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On May 18, 2021, Libsyn filed a notice with the U.S. Securities and Exchange Commission, stating that the Company’s “Consolidated Balance Sheet as of December 31, 2018, the Consolidated Statement of Operations for the year ended December 31, 2018, the Statement of Stockholders’ Equity for the year ended December 31, 2018, and the Consolidated Statement of Cash Flows for the year ended December 31, 2018, all as presented in the Company’s Annual Report on Form 10-K/A for the period ended December 31, 2018, as filed with the Securities and Exchange Commission on May 27, 2020” as well as “[t]he related interim financial statements and interim financial statements for the first three quarters of 2018” “should no longer be relied upon due to errors in recording local sales and income tax, errors in recording VAT and General Sales Taxes, errors in recording withholding tax related to restricted stock vesting events, and errors associated with deferred tax calculations[.]” Libsyn advised that “[t]he Company will correct the financial statements for 2018 and 2019 and the quarterly reports for 2020 in forthcoming amendments to the applicable Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.”

On this news, Libsyn’s stock price fell $0.31 per share, or 7%, over the next three days to close at $4.08 per share on May 21, 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

funds transfer to Spencer needs to be done first??

They are late filing again. Anyone know what the reason is this time?

Absolutely not. They are acquiring shstes because the know the price will continue to rise. The law is the can't sell for 6 months as insiders.

So why is he acquiring all these shares? Will he take this private? We lose out.

They alerted because of these insider buys

https://www.otcmarkets.com/filing/conv_pdf?id=14543470&guid=XDgqUF7Bo1og43h

https://www.otcmarkets.com/filing/conv_pdf?id=14543964&guid=XDgqUF7Bo1og43h

https://www.otcmarkets.com/filing/conv_pdf?id=14548941&guid=XDgqUF7Bo1og43h

https://www.otcmarkets.com/filing/conv_pdf?id=14467925&guid=XDgqUF7Bo1og43h


https://www.otcmarkets.com/filing/conv_pdf?id=14445805&guid=XDgqUF7Bo1og43h

https://www.otcmarkets.com/filing/conv_pdf?id=14548774&guid=XDgqUF7Bo1og43h

Their track record is outstanding

Alert by a big service

Up 20% on 7 times daily volume. What is up? Buyout or Nasdaq listing?

Why the run up. Anyone know?

wow.

what a fine company this is:

In connection with an ongoing IRS examination, the Company has been asked to provide certain financial records supporting tax returns previously filed by Fab Universal Corp. (“FAB”) prior to the spin-off of the Company. The IRS request is related to a failure by FAB to include certain financial information related to certain of its subsidiaries in its consolidated tax returns. We believe it is unlikely that we will be able to provide the IRS with the requested financial records due to FAB’s record retention policies

General and administrative expenses totaled $4,820,259 during the three months ended September 30, 2020 versus $2,339,966 during the same period in 2019, an increase of 106%. The increase was driven primarily due to the $2,926,439 related to our former CEO’s Separation Agreement and expenses related to legal support costs.

The crook left right before earnings. They must suck. And he still gets $215k a year for nothing. Things must be going down hill.

wow. Spencer gets a sweetheart deal from the company.

what a scheming, corrupt asshole.

Dead money. No growth, just bad aCCounting. What a joke.

NVM, this is what I could catch up to...

LSYN filed an NT10K(FY2019) on March 31 2020 and NT10Q(1Q2020) on May 15 2020.
Also on March 30, LSYN announced that they were delaying the FY2019 release and conference call (which was supposed to give an update on the results of the strategic review) until a later time.
The 10K results have since been released (May 18 2020), but the conference call date was still TBD.
The call has since been presented on May 20th.

CC May 20 2020 notes:
Strategic review completed: "helped us prioritize the best opportunities; there will be more on that in the future, but for example..."
They then go on to list revenue growth driving goals
- rollout of Libsyn 5 platform in 2020
- enhance marketing efforts to adapted to social distancing culture (whereas group events are traditionally big part of LSYN's marketing efforts)
- accelerate ad integration into offerings for podcasters on the platform
They then went on to discuss the recent NT10K/Qs and so on.

To me this sounds like the "market check to determine whether a buyer exists for the Company in a transaction that the Committee is willing to recommend to the Board" found no buyer at this time and they are thus looking to increase user base and revenue to make for a more attractive target.

Does anyone know what the March update was on the strategic review?

The 8K filed October 4th (https://www.marketwatch.com/investing/Stock/lsyn/SecFilings?subview=secarticle&sid=24159027&guid=13679385&type=8) mentions that the strategic review would be completed around March 31,

"The Review Committee and the Financial Advisor will work in good faith to provide an appropriate recommendation to the Board concerning the Review Committee’s work by March 31, 2020. The Review Committee will report regularly to the Board. The Company will promptly disclose publicly the recommendation of the Review Committee, and the Board’s decision with respect to that recommendation"

apparently there was an update on this at the March 25 conference call https://investor.libsyn.com/wp-content/uploads/2020/03/April2020concall.pdf. I missed this and the recording was only kept for 3 weeks prior (which seem odd).
Does anyone know what the update was on the strategic review?

Does anyone know what the March update was on the strategic review?

The 8K filed October 4th (https://www.marketwatch.com/investing/Stock/lsyn/SecFilings?subview=secarticle&sid=24159027&guid=13679385&type=8) mentions that the strategic review would be completed around March 31,

"The Review Committee and the Financial Advisor will work in good faith to provide an appropriate recommendation to the Board concerning the Review Committee’s work by March 31, 2020. The Review Committee will report regularly to the Board. The Company will promptly disclose publicly the recommendation of the Review Committee, and the Board’s decision with respect to that recommendation"

apparently there was an update on this at the March 25 conference call https://investor.libsyn.com/wp-content/uploads/2020/03/April2020concall.pdf. I missed this and the recording was only kept for 3 weeks prior (which seem odd).
Does anyone know what the update was on the strategic review?

Does anyone know what the March update was on the strategic review?

The 8K filed October 4th (https://www.marketwatch.com/investing/Stock/lsyn/SecFilings?subview=secarticle&sid=24159027&guid=13679385&type=8) mentions that the strategic review would be completed around March 31,

"The Review Committee and the Financial Advisor will work in good faith to provide an appropriate recommendation to the Board concerning the Review Committee’s work by March 31, 2020. The Review Committee will report regularly to the Board. The Company will promptly disclose publicly the recommendation of the Review Committee, and the Board’s decision with respect to that recommendation"

apparently there was an update on this at the March 25 conference call https://investor.libsyn.com/wp-content/uploads/2020/03/April2020concall.pdf. I missed this and the recording was only kept for 3 weeks prior (which seem odd).
Does anyone know what the update was on the strategic review?

not chris! at least not so far in this life! ha!