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CONFIRMED: "I called just now to check and they would NOT give the information"
You have proof ATRN's transfer agent is divulging ATRN's total shares outstanding as of January 13, 2012?
If so whom did you talk to and on what phone extension can they be reached?
Why is ATRN's Transfer Agent gagged?
It sure seems like somebody lied when they claimed to be getting daily updates from ATRN's transfer agent in regards to the current O/S. I just confirmed that lie when I called.
100M A/S maxed out doesn't matter? Really?????
Mmmm Nope! I just called ATRN's transfer agent and it appears they are not giving out any info.
Have you called ATRN's transfer agent today to comfirm the O/S?
Yes there is a problem with ATRN. The MOMO slowed down due to the various tout sites no longer pushing ATRN.
I have a feeling ATRN will issue a filing after the bell today addressing the 100M A/S.
Didn't the shorts cover when ATRN was taken off the naked short list last week?
Wasn't ATRN supposed to hit .10 today?
A large number of posters were saying that earlier in the week.
What's the problem with ATRN?
Cold hard facts regarding ATRN is what I was looking for.
Your post lacked links to back up your "logic"
A reverse split is just one of a few scenarios ATRN will have to deal with when the Authorized Shares limit (100,000,000 shares) is exhausted.
How much of that post is opinion, and how much of that post is fact? I see a lot of lets just says's, assuming, and probably's in there:
"on January 5, 2012, the Company had 87,060,096 shares issued and outstanding"
I'm looking for the bad news filing saying reverse split or A/S increase after the bell tomorrow that just so happens to coincide with a 3 day holiday weekend.
If BD was paid off, ATRN would be standing on top of the Statue Of Liberty yodeling it from a bull horn.
100M A/S will be maxed out and ATRN will immediately take action.
When the 100M A/S gets maxed out, ATRN is going to have to do whatever they have to do to get more shares on the market. ATRN has and obligations to settle via shares and that is exactly what they're gonna do.
Shareholder concerns abour a rising stock price will come just about dead last versus their list of contractural priorites.
Mmmmm Nope! That amendment restated ATRN's Certificate Of Incorporation entirely:
"APPROVAL OF AN AMENDMENT TO OUR RESTATED CERTIFICATE OF
INCORPORATION TO EFFECT A REVERSE STOCK SPLIT AT THE DESCRETION OF THE
BOARD OF DIRECTORS"
I proved my point with a link to a ATRN filed SEC document.
Go ahead and attempt to prove your point with a SEC document.
Mmmmmm Nope! Here are the facts:
"Our Board of Directors has unanimously adopted resolutions approving and declaring advisable a proposal to amend our Restated Certificate of Incorporation, as amended, to effect a reverse stock split of all our outstanding shares of common stock at a ratio within a range of 1-for-1.5 to 1-for-4. If this proposal is approved, the Board of Directors will have the authority to determine, within twelve months from the Annual Meeting, whether to implement the reverse stock split and the exact amount of the reverse stock split within this range if it is to be implemented. If the Board of Directors determines to implement the reverse stock split, it will become effective after filing the amendment with the Secretary of State of the State of Delaware."
Page 4-
http://www.sec.gov/Archives/edgar/data/1022899/000114420410052209/v198150_pre14a.htm
You do know that a reverse split can be immediately implemented by ATRN filing an amendment with the Delaware Secretary Of State right?
Anybody called ATRN's Transfer Agent?
I wonder if ATRN has surpassed it's authorized shares limit and dumping more shares into the market.
The Hard To Borrow flag was removed from ATRN today which means it's easier to go short on this stock.
Every ATRN trade was a buy with no sells in the last 2 days?
Looks like someone with a boat load of ATRN is still dumping into the market. I doubt anything is paid off.
After that alleged $40M in rev's, how much is left over after all corporate taxes and expenses are paid?
Once the 100M A/S is maxed out, will ATRN implement a reverse split or raise the A/S to a higher lever to satify it's debt obligations?
Keep in mind ATRN will have to act immediately once the A/S is maxed out one way or the other.
Agree, partial could mean a 99.99% payment of debt.
I had to find my rose colored reading glasses first, but there it is right there in black and white.
Ummmm nope! A significant down payment would significantly pay down debt.
Partial does not equal significant.
Ummmmm nope, only a partial payment:
"As of the close of business on January 3, 2012, the Company had received Note conversion requests from certain Buyers such that all of the Company’s remaining authorized but unissued shares will be issued to such Buyers to partially pay down their Notes in accordance with their terms."
Looks like ATRN has reached it's peak and is heading downhill.
With ATRN liquidating their assets and have salaries and other routine expenses to pay out it looks like a huge net loss is on the horizon. JMHO
ANTS add to watchlist .0026 x .0032
YES a circuit breaker HAS been put on ATRN. It's right there on my trading screen.
You won't see the blast off you've been seeing on this stock anymore, that's for sure!
All that trading above the posted ask to spike the share price north has come to an end. I knew the SEC would step in.
Call your broker for confirmation on stock symbol ATRN and read this and weep:
What do the new rules require?
Under the new rules, a U.S. stock exchange that lists a stock is required to issue a trading “pause” in a stock if the stock price moves up or down by 10% or more in a five-minute period. The same pause will be in effect on all other U.S. stock and stock option markets, and the single-stock futures market, resulting in a uniform halt. After five minutes, the exchange that issued the pause may extend it if there are still significant imbalances between orders to buy and sell shares of the affected stock. After a ten-minute pause, other exchanges are free to resume trading in the stock and once that occurs, trading may resume in the over-the-counter markets.
http://www.sec.gov/investor/alerts/circuitbreakers.htm
Nope, ATRN (Atrinsic, Inc.) has a Regulatory Circuit Breaker placed on it today.
I knew it would be just a matter of time before the SEC put ATRN's trading on the radar.
UH OH! SEC REGULATORY CIRCUIT BREAKER in place on ATRN!
Call your broker if you don't believe me.
"If the Board of Directors determines to implement the reverse stock split, it will become effective after filing the amendment with the Secretary of State of the State of Delaware."
Sometimes my research isn't all that good.
Can you answer a direct question or not? Could a reverse split be immediately implemented without a vote or not?
Most companies file for an increase weeks ahead of time. I guess it is what it is.
Can a reverse split be immediately implemented without shareholder approval?
Can a reverse split be immediately implemented without shareholder approval?
Good point Soup, thanks! But why are they waiting until the shares are completely maxed out before they take action to increase the A/S?
Not only that, they need shareholder approval for the increase.
The A/S has gotta be just about maxed out!
No A/S increase fied in Delaware yet????????
The increase in A/S should have been filed WEEKS ago. Are these guys (company execs) trying to push this thing to .20?