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True. So to your earlier comment about folks do not "invest" in pinks. How would you defined those that "play" the pinks? Gamers? Gamblers? Arbs?
You have a good point. Really it seems that any type of analysis is misspent. This seems to be purely who controls the airwaves in PR. Sort of like Nielsen ratings..
Then why invest ? Much better things to do with ones money. Even a great bottle of wine.
And what do you think shareholders think of him?????
someone should call a shareholder meeting.
This whole thing confuses me. Why don't the triad of shells -- frtd affw csdt -- actually raise funds and legitimately buy a company and build value as opposed to playing games. Wasn't funding to come in last year from pro cap? What happened to that. Seems like pro cap has a stake in affw per the q. Is there a legit transaction that's been done?
Why would a private company want to play here? Seems like its difficult to value what frtd and csdt are about other than shells. Can get a clean one for $50k. Why pay up for something with baggage. What do investors see in these entities?
Anybody look at the AFFW 10-Q and the group of "new" shareholders in that company? Interesting cast of characters. The story only gets, well,......
Don't know if that works. CSDT has 200mm shares, so 2mm shares would be 1% of their outstanding. and at the market cap of $1mm, that suggests that the payment of 2mm share equals $10,000. Hmm?? you probably are right as it didn't seem much of an asset. tough to get to .12/share in asset sales at $10,000 a trade.
Don't know about the asset sale. It would seem that it was rather an acquisition. The market cap of CSTD is $1mm and they are issuing $2mm shares of their stock to FRTD for the assets. Would appear that FRTD then will have control of CSTD, and be subject to consolidation. Doesn't the math suggest that FRTD owns 2/3 of CSTD? If the $2mm represents a minority position, that would suggest that the premium on the CSTD shares is tremendous, so likely would be out of the money, implying little value. And given the nature of the deal, why hasn't there been a CSTD filing? They seemingly just gave up control.
that;s the disappointing thing. our securities markets and regulatory structure is the foundation for most of the markets around the world. certainly ours date back to the '30s, and there are reasons to allow for exemptions for small cap companies to enter markets to raise capital without the same level of disclosure. but its a travesty that these companies aren't even raising money, just trading investor dollars, with no fundamental investment proposition.
Financials and numbers are a language. Not everyone speaks the language, but the great thing is that they are disciplined. if one doesn't understand the language and how the figures all work, then they should not opine. i certainly wouldn't try to comment, criticize, or endorse someone speaking Greek or French, as I don't, so no frame of reference. other languages, yes. and as said, i do believe it important if one is making decisions off financials, one knows what they are reading and have the ability to comprehend them. sort of like someone writing for the new york times and makes tons of grammatical, diction and other errors. just not supposed to happen.
Truly amazing that anyone would publish non-GAAP, non-sensical financials to the public. These weren't even close to legitimate. and to have someone certify them. who's looking out for who here? it wasn't even about the poor addition, it was the entries. but the 2012 year end numbers had a balance sheet that didn't balance either and no one mentioned that. i hope that there are investors that do understand the numbers and call them out. if this is the information that is supporting the trading activity, they need to be right.
so this becomes a "gaming" mentality for those that play the market. playing off of rumors and stories rather than company performance. seems like lots of money being gambled. just amazing. seeking the golden ring in record time, but on the flip side, seems that the downside risk is even greater. this seems to be largely just a gaming environment not one of investing. this is surely corroborated by the fact that some actually believed the legitimacy of the financial report that was released. Goes beyond reason.
is this a typical pink sheet scenario? do many or most of these companies do the same type of thing? why would this be allowed? losing virtually all the value in a matter of weeks. what does their board say? is there someone looking out for others here?
interesting as to where the company is. what do you do with a company that in less than a month or so goes from a market cap of $80 million (regardless of whether it made sense) to under $1 million. Certainly the hype ran it up there, but there were those that bought on the uptick believing that there was something here, and now are resoundingly questioning what's happening. that is a lot of value destroyed. whatever happened to the partnership with the funding partner pro cap, which had a minimum of $5mm committed to go into affw to actually buy/invest in something tangible. is there any hard cash at all in this deal, either committed or in the bank to effect some actual deal, or is this just hoping that the musical chairs of share swaps with other shells builds a hope. please I would like to see that there is something that is tangible.
i believe you remain a shareholder until the company is dissolved. don't think it matters if the shares are legend or not. question is what rights you may have, including voting rights on transactional activity. I am surprised that acquisitions or divestitures, mergers and otherwise are not put forth to a shareholder vote, even though the majority voting block is held internally, and the result would be anticipated.
Face it. It's a shell. No operations. Why spend time here? Unless you show face and prospective, this is a joke. So much to offer. Check out the feeds.
True it seems. Investors should find companies that create value through performance. So disappointed in how investors just play rumors. That is trading not investing. But then if that is what everyone thrives for, I guess go for it. Personally would much rather find businesses that are building something and creating value. Not trading every 30 minutes. Rather park the money and grow it over 2-5 years.
There's a difference between trading and investing. Am learning and better to deploy funds in companies that will change industries.
may sound strange, but probably not enough regulation and proper disclosure. OTC markets seem to be free-for-all's. non=reporting companies which are still investable by anyone. sec is spending time on other areas trying to protect investors, and then allow this. they do have a lot to do though.
many companies use high priced currency to do deals. sellers would need downside protection, but still deals can get done. do agree that this isn't sustainable value. but if there were believers and the company floated additional shares at $.05++, at least it would have had funds to actually do a deal or two. seems the funds never came in from the other company.
would figure the insiders had much to gain in realizing the value, or at least deploying it smartly. really don't understand this world.
agreed. but regardless of why or why not it got there, it did get there, and could have been utilized. timing works two ways.
amazing that just a couple months ago, frtd was valued at $70 million. should have used the currency to actually buy or invest in something real , possibly even raising capital when at that level. yes, a moment in time, but now limits are placed on everything. and sounds like earlier deals weren't deals so what's left in the company?
nor would it make sense for a company to sell control based on the consideration. more questions than answers. maybe the acquirers believed in the numbers on the Q. then again.....
could make sense. value would be $20,000 based on csdt market cap.
there should be details as to what the deal is - exchange ratio -- etc. can only conclude that the deal value placed on the respective companies was not at market values, as it doesn't make sense as disclosed.
seems like frtd bought control of csdt. if csdt market cap is $1 million and they issued $2 million of stock, then frtd now controls 2/3 of csdt. unless csdt issues shares at a huge premium to market, which means one needs to revalue the deal based on current prices. so what really is the deal? who's in control.
This is better than Saturday night live. A shell absorbing a shell which is only a dilutive activity waiting for the next joke or press release. Please I hope some intelligence and respect on behalf of shareholders prevail.
Anybody know who the lucky suitor is? For $72 million (600m shares x .12) they must have something of substance or be valued at nosebleed level to limit their own dilution. Would be a travesty to have a shell roll into another shell and actually believe you created value. And why an announcement post an sec filing. You would think both parties would have announced the deal upon any agreement. Very strange situation. Seems it can't be affw as doesn't frtd already own it per the earlier press an d that a dividend was being extended to frtd shareholders. Can't effect that unless you own it. Confused.
and the frtdissuance.com site is still up. what does that mean?
Hey. Janice. You're one of the smart ones on this post. Bring logic and rationale to this. The banter from those that apparently are seeing the same financials and press releases is amazing. Are we speaking the same language?? Investors support companies that create value. Value is created from building revenues and profitability. Lots of examples. Msft. Berkshire. Google. Intel. Telling stories is not the same game. Either proof up or go dark.
Superb.
With the exception of the last 12 months, venture has been one of the worst performing classes. Only 10% of cv funds returned capital let alone provided a return.
Blackjack seems to have better odds.
With all the venture capital in the market why would a small unproven company want to deal with the volatility. Would be tough to raise growth funds.
Thanks. So it appears this is largely game theory. Not investing. Anticipating pr and other things not related to actually building a business with revs and earnings. Is the motivation just trading gains?
does anyone know what this company actually does? beyond the press releases, are there any investments, or partnerships, or revenues to support the valuation of nearly $100 million (assuming the merger price of .12). Most baffling thing, the interest this company has received, and all the new posters on this board. It has become more of an experience than an investment. Someone should write a book about this. There seems to be a shift on who is posting. More actual investors or just spectators waiting for word from who knows.?
are the financials going to be restated or is the ceo confirming they are correct? pretty interesting articles being written. just curious.
many things will be told when and if a merger is actually announced. lots happening in the OTCQB space.