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Agreed. But, since we are a collection of investors who look for companies that offer real shareholder value, I'm sure we can find other stocks in the future to invest in, and continue our research, discussion, and collaboration.
But, let's see this one through first. ;)
IMO... the synergy would be amazing!
Because we share a commercial software development and professional services, along with related sales and marketing experience, Michael shared some of his background with me in a recent email. He knows his stuff, and I for one am excited that we have a hands-on, technical CEO with this company. This tells me he is not running a "Fluff" company.
I'm not sure how much we can make of it at this stage, but yes... SIRIUS XM Radio is displayed in one of the eight screen shots he sent me of the new application interface.
I don't see a way to do that since he sent me the pics in an email, and not as a URL link.
I sent Mr. Hill a note late last week with a feature suggestion. He sent me a reply back noting the existing app’s are going to the graveyard, as they are working on a brand new app for iOs and Driod that are currently undergoing user acceptance testing. He sent me some pics, and they looked very clean, and very professional.
Mr. Hill went on to say the new apps represent a significant overhaul to the existing usability and functionality, with a more intuitive interface and many more user controls that will be available. Additionally it will come with dimmer/color controls left to the users/broadcasters discretion.
He did not share all the features/ changes that are coming out, for obvious reasons. But, from what I could see, these new apps and their new features seem pretty cool, and I can't wait to see the announcement of their formal release!
I know it's the end of the day, and the markets are closed... but has anyone noticed the Ask has jumped to .0065?
Agreed... the company has typically sent out an early guidance. My guess, assuming they will do so again for this quarter, we'll hear from the company sometime next week.
If they did reach record revenues, and perhaps with the new debt restructuring - profitability, then they certainly want to take the time to get it right. We wouldn't want them to have to restate their earnings due to a hurried mistake...
That's Calendar Year, not Fiscal Year. Companies can elect to start their fiscal years on a different start date.
LOL! Loadnlock... I like your style! ;)
And, to me, what's most interesting about Apple's acquisition of Beets is that Beets uses a Subscription model - much like the Satellite-based Radio companies do - such as XM and Sirius... And, already, analysts were wondering last night if this would be a viable business model, as opposed to using ad-based revenues, to fund the business and simultaneously attract new viewers.
That sounds about right. I believe the CEO is being honest and forthright in his emails when he says that his intention is to build a viable company that increases shareholder value.
In fact, I received another email from Michael Hill this morning. Most of it was in response to my concerns over the previous Reverse Merger. I know people got hurt in that action... but remember, the RM was initiated by the original holder of the Shell Company, Lux Digital Pictures, who didn't need/ want the Shell anymore.
StreamTrack, on the other hand, needed the Shell to raise capital to grow its business. Having read the 10-K's from back then, it's pretty clear both companies understood and published the fact that the RM would cause some dilution of shares. But, I don't see StreamTrack using this Shell as a temporary vehicle just to raise cash, and then bail on the company's shareholders.
I won't share all the details of Mr. Hill's email from this morning... but, this one statement from Mr. Hill in his email means a lot to me: "the last thing that we as a Company want is someone to lose money."
I agree... if someone is holding shares to dump, why not wait until the new quarter earnings are released next week to get a better price/ profit?
Here's some interesting statistics; according to Mighty Markets - Daily Short Volume, over the past 15 days the total volume of trading has been 41,243,661 shares (Daily average = 2,945,976 shares); while the total volume shorted has been 9,519,624 shares (daily average 679,973 shares); with a daily average of shorting working out to ~28%.
However, the shorting totals for the past two days has been 73% and 68% respectively... well above the daily average for the past 15 days.
Gotta wonder what's driving the recent shorting activity - interestingly, starting to happen just as the price started rising on Tuesday.
By the way, in this discussion, it's also worth explaining what a debenture is. From Investopedia:
Dry... you have to read Section 10.2 in the order it's presented...
Once again Dry, you are only showing parts of the agreement that seem to make your case. From the same Settlement Agreement you reference, the Maturity Date for Conversion is six months from the Agreement Date of 4/18/145... which puts it out to 10/18/14:
Dry, how many times are you going to try to foster this erroneous notion that Redwood's share price is being reduced through recent trading activity. It's patently untrue. Once again, here are the real facts, copied from the Settlement Agreement between Redwood and StreamTrack:
No doubt King Koopa. If the Watchthis Patent plays out, StreamTrack will be in the television business... as in Advertisement-funded television via the Internet. More and more folks, especially kids, are already going down this path... leaving the traditional TV set to watch TV and movies via Internet service providers.
IMO, StreamTrack's Watchthis Patent will bring back ad-funded viewing. It will also provide a gateway for niche TV, film and media companies and content owners to bring content directly to viewers. StreamTrack even provides the advertisers and ad revenues to the content providers.
My gut feeling is this will be every bit as attractive as the RadioLoyalty model is to the radio companies, advertisers, and listeners.
Best post yet... and very true. Fortunately, some of the rules have changed to level the playing field. But, in the past, I have definitely seen otherwise sound companies kept from using securities markets for raising capital due to overzealous shorters.
The terms "Long" and "Short" very much describe the mindset of investors. As an example, this company needs time to execute its business plan... and Longs get that and will stay the course so long as there is evidence the business plan is being carried out and there are near term successes in new product introductions, evidence that costs are being managed and reduced, and that revenue is growing. This is what we have today with StreamTrack, imo.
Shorts focus on the "right now". And, while some shorting is necessary to reign in prices that have gone beyond a reasonable market cap, too much shorting activity can be just a bad as dilution... causing peeps to second guess their investments. Particularly if they haven't done the due diligence to sustain the confidence they had when they made their initial investments.
For that very reason, I don't have a problem with longs who remind other investors about the strengths of the company... so long as we stay with the facts and information that has been disclosed. Agreed, too much speculation will work against us, from a credibility perspective. However, for now, it's pretty obvious the market cap of this company is sub-par in terms of its revenues and revenue growth.
AIMO,
That's interesting. I wasn't hear for that. What advantage did they get out of a Reverse Split at that level of OS and PPS???
Absolutely TNI... the Watchthis patent is key.
I know... I'm dreaming here... but just imagine a deal with Google related to their Fiber Google experiment in Kansas City. Or, with one or more of the major content providers. Or, perhaps even Apple in the content display segment of the market. There are many possibilities.
Someone has to provide the infrastructure that enables content to be delivered via the internet. Others will provide the content. And still others will provide the display and listening devices. But, none of these are StreamTrack.
Beyond all these critical items, StreamTrack is positioning themselves to provide the means for content aggregation, content search and discovery, content access, ad placement and ad-based revenue generation in the Internet-based radio and television environment.
That would seem to be a pretty cool place to be in this emerging market.
AIMO,
By the way... there are others who see this vision. Take a look at this from the Motley Fool:
Thanks king koopa... Not trying to win the Best CEO Letters battle... I just asked a slightly different set of questions... but, I do want to try to help the cause of the longs... so that we all win. :)
Here's the Vision I see for StreamTrack... and why I think it can be extremely valuable:
You're welcome Kgem. I really appreciated your post from earlier today.
Yes, I definitely appreciate his willingness to speak out... to the degree he is legally allowed. That speaks volumes to me about the passion he has for this company, and his willingness to defend it.
1234zxcv, et al... what's nice is Mr. Hill addressed every concern DryLightening has brought to this board.
1234... I have been working this morning on my real job, and just now have had the time to post a similar email that Mr. Hill sent earlier this morning. Bold and Underline Highlights are mine for emphasis.
For clarity, I was sending information to Mr. Hill that Dry was posting on this board, asking him for the company's position on Dry's point of view. Once again, I'm humbly impressed the CEO of StreamTrack would take the time to address my "many" emails.
Wait or not... that's your choice.
In the meantime, if peeps are willing to invest the money, ASC Recap and the MMs seem to have the shares to sell. If you want out, the MM will gladly unload your shares at a cost. Again, your choice.
I don't think any of us are pumping STTK beyond our belief that the company has significantly more value than the PPS indicates.
None of us can twist Michael Hill's arm. When he's ready, he'll bring out the news, and the stock will do whatever it's going to do. You just have to do your own due diligence and go on what your heart and instincts tell you to do.
I just placed a small order that should have cleared out VNDM's .0045 ASK, and significantly reduced CDEL's ASK, also at .0045. But nothing changed on the displayed L2 ASK. So, the market makers still aren't showing us their real Order Book... e.g. their real inventory of shares.
aghedo24... no doubt these prices are no fun. However, in my opinion, I don't think we can really look at today's trading and form any opinions on the real value of the company... or even claim today's trading had anything to do with dilution.
For example, only 736,935 shares traded today across just 12 trades. That amounts to an average of only 61,411 shares per trade. In total, only about $3,700 changed hands today. This is in contrast to STTK's 3 month trading average of 2,853,680 per day, mostly at much higher prices. We didn't even get the after hours T-trade we had been seeing over the past few days.
So, in my opinion, today's low PPS was simply the market makers doing every they could to try to make a market on very thin day. I think most of the longs are tapped out, or simply sitting on the sidelines waiting for new news that would allow the company to run.
Those who had a few extra nickles to put together got some real cheap shares... but, not a lot. If ASC Recap has more shares to get rid of, it appears there's no market for them. And, I doubt there will be until we get some new news from the company. So, we wait.
AIMO,
We are on the Company's clock... and just have to have the patience to wait things out I guess.
And, in this new 8-k Filing, here are the registration terms more clearly stated...
Dry, Redwood never had a 55% discount rate. Moreover, I don't know why, but you keep forgetting other details of the terms of the Settlement Agreement. Again, the below sections are copied from the relevant STTK 8-A filing on April 17th:
Michael Hill just sent me a note. He's been out of town, and plans to respond back to my emails as soon as he gets a few minutes free time.
Not true... per the terms of the Settlement Agreement with Redwood:
Now, I'm sorry, who does that make sense too?
What you're saying is the executives of StreamTrack, Michael Hill and Arron Gravits, willingly have screwed their own stock values, and those of their employees, and those of their true long investors, by intentionally holding back information and thereby slowdown ASC Recap's efforts to regain their $1.1 million while substantially diluting the stock in the process.
For me to buy any of this, I need someone to help me understand what value Mr. Hill and Mr. Gravitz achieve by allowing their company's OS to double and triple in size just to pay off a lousy $1.1 million note.