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This is very plausible...
The company knows their value, but we don't...they seek equity financing to buy up the remainder of the float via tender offer to retail shareholders. Obviously it would have to be a fair offer or otherwise retail shareholders would hold up the process and possibly hold up a potential bigger deal with an acquirer.
Once the going private deal is complete, the company is sold to a buyer for an "undisclosed sum" so the retail shareholders (us) are never the wiser.
The key to this entire thing is them getting enough equity financing to offer a "fair price" to the retail shareholders.
That IS very interesting...
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For some reason, 6 months sticks in my mind.
http://www.sec.gov/investor/pubs/rule144.htm
http://www.sec.gov/Archives/edgar/data/1022899/000114420410002659/xslF345X03/v171809_ex.xml
I'll have to read more to understand the rules on restricted stock. They use the word vested so you may be right. But it reads that the company shall grant him restricted stock units with respect to 625,000 shares of common stock. Maybe those common shares were eligible to be sold on vesting?
(a) Within one hundred and twenty (120) days following the Commencement Date, the Company shall grant to Executive Restricted Stock Units with respect to Six Hundred Twenty Five Thousand (625,000) shares of Common Stock (the " Restricted Stock Units" ), pursuant to the terms of a Restricted Stock Unit Agreement in the form attached as Exhibit Bnone hereto (the " Restricted Stock Unit Agreement" ) and the Company' s 2009 Stock Incentive Plan, as amended (the " 2009 Stock Incentive Plan" ). Executive shall execute and deliver to the Company the Restricted Stock Unit Agreement as a condition to the Company' s obligation to issue the Restricted Stock Units. The Restricted Stock Units shall be subject to forfeiture under the terms of the Restricted Stock Unit Agreement. The Restricted Stock Units shall be subject to vesting as provided in the Restricted Stock Agreement, in accordance with and subject to the following vesting schedule:
If they are restricted stock then he couldn't have sold yet
http://www.wilmingtontrust.com/wtcom/index.jsp?fileid=3000267
http://www.themoneyalert.com/restrictedstock.html
But still we know he owns shares!!! That's the good part.
ahhh...noted. Thanks
Thanks!
Is the market open tomorrow or will it close for a long Memorial Day Weekend? Anyone know for sure?
Someone just bought a bunch!!!
Thanks...I should have posted the link in that post and copied/pasted the exact wording. Which, I did post the link a couple posts later in reply to Free Man but it's possible that someone might not make the connection so good point.
I think most already knew that...but perhaps I was wrong to assume.
But the ending of the book is all that matters
Another interesting feature of the ending is the nature of the eastern seas and Aslan's country. If you've made it to the end of the book, you've probably realized that Aslan's country is a metaphor for, or maybe just a fantasy-world version of, heaven. As they get close to it, the narrator states:
Everyone on board was filled with joy and excitement, but not an excitement that made one talk. The further they sailed the less they spoke, and then almost in a whisper. The stillness of that last sea laid hold on them. (16.3)
The edge of the world, where people pass from an earthly existence to a heavenly one, is beautiful, awe-inspiring, and solemn. As they get closer and closer to "Aslan's country," they feel no need to eat or drink or talk, and they don't have to do any work, because the current carries them forward. So C.S. Lewis's idea of heaven is that just being – looking at things and drinking in the light – is enough.
Yes, it appears that way.
UNQT - AWESOME NEWS OUT!!! Increases Revenues by Over 115% for Quarter Ending March 31, 2012 as Compared to the Same Quarter Last Year
http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201205241240MRKTWIREUSPR_____891449-1¶ms=timestamp||05/24/2012%2012:40%20PM%20ET||headline||Union%20Equity%2C%20Inc.%20Increases%20Revenues%20by%20Over%20115%25%20for%20Quarter%20Ending%20March%2031%2C%202012%20as%20Compared%20to%20the%20Same%20Quarter%20Last%20Year||docSource||Marketwire||provider||ACQUIREMEDIA||realtedsyms||%7CUS%3BUNQT&ticker=UNQT:US
BIG BUYS COMING IN!!!!
Good point...why bother right? LOL
Hope this helps un-confuse you
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75941286
http://www.apcl.com/apcl-content.php?article=Content/CMT&pageid=47&parent=21
Communications, Media & Technology
Brilliant Digital Entertainment – strategic counsel
Cocoon Data Holdings – capital raising
Atrinsic Inc – appointment of US investment bank for equity raising
Cocoon Data Holdings – strategic counsel
Reality Technologies – strategic counsel
CMMA – strategic counsel
I guess we are all DOOMED!!!
Well, that accounts for about 1% of the trades today. Wonder where the other 99% went?
Angel just posted 100,000 so that's around 10%
Who's doing all the buying? Anyone here?
Yes...research Europlay Capital and Asia Principal Capital and then take a look at the players on the Cocoon Data management and BOD
And then connect all the other dots.
http://www.apcl.com/
https://www.cocoondata.com/
http://europlaycapital.com/
http://www.unicornmedia.com/
http://www.brilliantdigital.com/
http://www.personalweb.com/home.html
http://www.prweb.com/releases/2011/9/prweb8827454.htm
Yes...Actually it was JZGeorge that made the Covata connection. Still studying the information.
I agree it was new. I found it and that was my first thought when I read it...this has to be new because I would have seen it already.
YEP
One would think that if that link about Atrinsic being appointed an US investment bank for equity raising that was posted over here was old news that one of us would have found it by now with all the DD that's been done.
LOL...Yes, it would be awesome to know. But then that would be considered insider trading. Part of the risk of speculation I suppose.
Yes, but if they are slowly buying back the float into the treasury everytime a share gets locked up it increases the value of the shares they DO hold.
Definitely some potential there...10Q looks like they are due to become profitable in the next two quarters, if not the next quarter.
Not if the company in general has an MM buying back shares into the treasury and reducing the float. This way insiders can see insider trading like gains for the shares they already own without risk of insider trading. As long as insiders aren't buying shares themselves it's not insider trading.
It is relatively easy for insiders to capture insider-trading like gains through the use of "open market repurchases." Such transactions are legal and generally encouraged by regulators through safeharbours against insider trading liability
NP...You have a good night as well
Fair enough...but if the deal between ATRN and BD for Kazaa fell through in DEC and Bermeister came on the BOD for Cocoon in April, that's almost 4 months to get his bio correct. If they flubbed his bio 4 months after that deal fell through that's a pretty BIG mistake.
My take is that the deal was cancelled as originally written because Atrinsic had BD against the ropes with the new technology that Emanuel Krassenstein discovered with Kazaa. Since Emanuel worked for Atrinsic at the time of discovery the new found technology technically was the proprietary property of Atrinsic. BD, Bermeister and Dyne all being the smart guys they are decided to "contribute" Kazaa to Atrinsic to sell the new, ground breaking technology. This is the same guy that's worked for Dyne forever, built Skype, built Kazaa, best friends with Steven Bermeister, Kevin's brother. IMO and as Dave has said many times BD was using Atrinsic to burn cash until they could get the kinks worked out of Kazaa and market it to a buyer.