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I don't get it either. Seems like the stock is undervalued right now given the growth the company is seeing and should continue to see due to acquisitions etc.
WTF? Who is selling shares here? Makes no cents! eom
WebMediaBrands Acquires SemTech Conference and Semantic Universe Site
By Jennifer Zaino on Sep 19, 2010 07:00 PM
The Semantic Web Blog and WebMediaBrands – the publisher of this site and the producer of events including November's Semantic Web Summit -- are bringing Semantic Universe.com and the Semantic Technology Conference (SemTech) into the fold. WebMediaBrands has acquired these assets from Wilshire Conferences.
The acquisition, says Alan M. Meckler, Chairman and CEO of WebMediaBrands, sees two leading commercial forces in the Semantic Web world "joining together to help grow what we think is going to be one of the great next evolutions of the Internet.”
SemTech, founded and operated by Anthony Shaw and David McComb, is the largest conference in the world dedicated to the Semantic Web and Linked Data. The SemTech 2010 event in June saw a 30 percent increase in attendance, attesting to the upward trajectory of interest in semantic web technologies. In a press release at the time noting the growth in SemTech attendance, Shaw noted that it “has increased every year, even through the economic downturn. More importantly though, semantic technologies keep getting more robust and more widely deployed. There’s no longer any doubt that semantics will keep growing as an integral part of the web infrastructure.”
Shaw and McComb will continue as consultants and will take an active role in expanding and operating SemTech for WebMediaBrands in coming years, WebMediaBrands says.
The next SemTech is scheduled for June 2011 in San Francisco. But WebMediaBrands’ plan is to host additional SemTech events -- three or perhaps even four next year, on the West and East coast, and the U.K. or the European continent. Asia is potentially on the roadmap, as well.
Within the next month or two, web site visitors to Semantic Universe.com, the site hosting blogs, news, articles and other resources about the application of semantic technologies, can expect to be directed to The Semantic Web Blog. WebMediaBrands plans to maintain Semantic Universe's content archive for readers' convenience, and to continue to grow content on this site. Meckler told the Semantic Web Blog the goal is to make the Semantic Web Blog "the absolute go-to place to find out what’s happening in this fast-growing field.”
Terms of the transaction were not disclosed.
Acquisition news should come Monday per Alan on twitter today:
Alan Meckler tweeted, "Looks good to announce an acquisition on Monday. More later."
Acquisition news coming next week per CEO:
Sep 13,2010
* 14:41 - Alan Meckler tweeted, "I hope to announce an acquisition next week. And then hope to follow with a few more this fall."
Tweet from Alan today:
Sep 03,2010
* 11:57 - Alan Meckler tweeted, "Looking forward to later in the month and hopefully news of an acquisition for WEBM. 2010 continues strong for WEBM growth."
From Meckler today:
09:59 - Alan Meckler tweeted, "I bought another 17100 shares of WebMediaBrands stock yesterday. Form 4 will be filed shortly."
Nice, thanx
Alan Meckler tweet today:
14:39 - Alan Meckler tweeted, "We refinanced our debt. Big drop from 4.7% to 3.4%. Biz is growing and cost of debt dropping."
I've been picking up more shares down here. Company is growing and I like where it is heading.
Didn't think we would be able to buy below .70 again. Oh well! Yes looking forward to the news on an aquisition.
Hopefully Meckler has a good acquisition up his sleeve. I have a lot of faith in him. He has the ability to turn WEBM into a company with $100 million annual revenues again IMO.
WEBM should not be trading below a dollar right now. I think we will be getting a rebound very soon. Q4 should be profitable so I think we will be trading north of $2 by then IMO.
Nice!
14:32 - Alan Meckler tweeted, "Our quaterly financial conference call for WEBM takes place tomorrow at 5 eastern. 866-288-9872. We will show growth for sure."
Good. Got impatient today and AON the ask. To early but anything under .80 imo will be handsomely rewarded. 180 days to get back to a buck re: delisting notice. Easy
Nice grab! Yes, I think earnings will be good tomorrow. I was the one sitting on the .72 bid picking up shares the last couple of weeks.
Loaded some more at .78 before earnings. This is due to trade up from here imo. The boss was buying at a buck so confidence is not a problem.
Aug 06,2010
* 15:17 - Alan Meckler tweeted, "Hope to have an acquisition completed by next month. Very exciting."
The company seems to have plenty of cash to pick up a small website. Looking forward to Q2 earnings. Q4 should be profitable so that is when I think WEBM will be trading north of $2
Gotta love it!
16:19 - Alan Meckler tweeted, "Closing in on an acquisition. Of course might not take place but stay tuned."
Got a partial fill 1600 at .70. Had to hit the ask b4 someone else did. GTC for the rest but will have to see how it plays out.
Were you able to get any shares before the bid went to .77? Looks like we aren't the only ones that think WEBM is undervalued here.
I don't know. Thinkin about .70. Don't want to shoot myself in the foot.
Unreal! Looks like you will get your fill at .68 before the day is over.
Would be awesome if you got some at .68 but I really don't WEBM is going to drop below .70 IMO. Too many positive things going for the company right now.
Trying for some shares at .68. Bid strong there, most are mine. We will see.
I agree with you that the bottom will be .70 I am really surprised that it has dropped this low in a short period of time. Like Meckler said, business is quite strong right now. I think the new Social Research business will take off when it is announced in September.
Will try again on Monday to aquire some shares at .70 or better. A little blurb by the man via twitter.
15:17 - Alan Meckler tweeted, "Painful to watch our stock price decline when business is quite strong for us. Just the ups and downs of having a public company."
When support is found, (.70imo) the road back to a bone should be fairly expeditious. Such a thinly traded stock and fairly low float can move quickly so strap in and watch out! LOL!
aimsbo
2/100 of a cent! Who the f is messing with the bid? For that? Don't get it.
aimsbo
I think I can
I think I can
I think I can
whoooooooo whoooooooooooooooooooooo!
.70 C'mon!
LPIH finally getting some love. Uplisting to the amex soon. Do some dd you will love the co.
Own it now at a buck. Bidding more at .70 and more at .6375 if it flashes below .70. I also think if it gets to .70 that is support at least technically. The big fella was buying large amounts at 1.045 for Pete's sake!
I just can't see WEBM going below .70 They have lots of cash, job board is still doing good, trade shows doing good, and they are creating a new social research business that I think will do well. WEBM is a great buy at these prices IMO.
Here comes .70. I'm bidding for sure. I think we will get it. Bottom? 10:36am et at .72! C'mon baby.
10000 on the bid side. Someone wants in there. Bet it comes and techs also show support at .70.
LOL...nevermind! I'm an idiot! :) I just looked at the current price for WEBM and it closed at .74 so those must be buy orders. How many shares are at .70?
I haven't been around my computer to see level 2 for WEBM. Is there a lot of buy orders in at .70 or are they sell orders? Looks like I am going to have to pick up some more shares here. Q2 numbers should be really good so there is no reason why we should be trading below 1.00 IMO.
Boatload of shares via level 2 at .70. That would be the bid to shoot for it looks like.
WTF! Well, .80 didn't hold so now a 61.8% fib re-trace to .70 better be support. (.21 lows to 1.47 highs). If Alan thinks it's good enough to buy well count me in for some more shares also!
Well, if the seller is done we have support here at .80 going back to Sept. 09 and Dec. 09. Meckler bought more shares and is showing confidence by doing so.
Jul 01,2010
11:40 - Alan Meckler tweeted, "I bought some more shares of WEBM today. I like our prospects so I am a buyer in a down market."
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001181431-10-036526.txt&FilePath=\2010\07\06\&CoName=WEBMEDIA+BRANDS+INC.&FormType=4&RcvdDate=7/6/2010&pdf=
Time to get this pig back to a buck. Don't want another de-list letter!
jmfo
I agree. I think WEBM will take off in the next couple of months. Should have really good earnings for the current quarter plus I think socialtimes.com will soon get a lot of attention.
It looks like it is poised to breakout for sure. Good support at the 20dma. Sitting on the 50day. Fib resistance at 1.04, break that and I think we are back to a strong uptrend. Have seen this go parabolic before so will be interesting to watch.
WEBM chart looking better now. Looking forward to seeing Q2 results as I think they will be a lot better than Q1. Job board still strong. Looks like the trade shows are doing good as well.
nice 4500+ share block went thru EOD at 1.02
fk i got raped by the market today.
Nice close of 1.02 today!
.90 still holding strong. we need a juicy PR
nice~ that must've brought the buying pressure earlier today.
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WebMediaBrands
About WebMediaBrands Inc.
WebMediaBrands (www.webmediabrands.com), headquartered in New York, NY, is a leading blog network which provides content, education, jobs, and events for business, media, and creative professionals. The company's brands include mediabistro.com, LearnNetwork, Graphics.com, AdsoftheWorld.com, BrandsoftheWorld.com, SocialTimes.com, AllFacebook.com, Freelance Connect, Semantic Web, and others.
weblogs.jupitermedia.com/meckler/
Interviews with CEO Alan Meckler:
http://www.youtube.com/watch?v=MXdLJ6Mv4Go
http://www.youtube.com/watch?v=LUcB-TLLg40
http://www.youtube.com/watch?v=YN0gxkh3Vg8
www.centernetworks.com/alan-meckler-keynote
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