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Or someone is selling again. Like the company raising more money.
Sure is an incredible numnber and fun to play with. What would be the net earnings? The app can't cost that much to produce and the number of employees can't be that big. How about 50% to the bottom line for 75M earnings. With a billion shares, that's 7 1/2 cents x a pe of 30....
This time that statement may be right!
2 million purchase.
I think the large spread between bid and ask, as you note, is a function of awareness of the company and what it has. Either,
1. Not many people in the U.S. know about this company and hence can't buy, or,
2. Investors have concluded that the timing is not right. The company is not ready to make money. It sure doesn't inspire a lot of confidence to see the sale of one, as in 1.
Will there be more sales? That is the question.
I remember back in January, I put out a question to guess about - when would be their first sale?
I said February 14. Shows what I know! Turns out I was six weeks early.
So when will be their second sale? Anyone interested in getting into this game? I'm going to say April 26 - to pick a number out of the hat.
Another larger size buy there.
I haven't been following the trading closely over the last several days, but it looks buys in larger blocks this morning.
Buyout of Phoneguard? Can you imagine the pps for shareholders? With all those shares out there? And so few customers?
Probably about .05 at best.
Maybe the people closer to it better see its worth.
5000 shares traded on the Canadian Exchange - .24 with bid/ask at .24 - .30. So there was activity there.
I guess we have our answer. They can sell it!
I think this is 'right on' the topic - the place of phoneguard at the concert.
How would it look for a company to fill the air with its interests when the interests of the organizers are the public good?
Most likely they know that and realize they have to be low key - perhaps until the concert is over and the free downloads are made.
Then they can become more aggressive.
I read most posts, and maybe I have missed tnis one, but who owns tne option on Bieber's contract, Bieber of Phonegard?
I wonder if phoneguard isn't getting into the publicity part of the concert because they are offering the app free. Then if they turn around and make money from those who get it free, they will look like they have taken advantage of something done in public service.
Just a thought.
Nice research playnaround. The information you gleaned here is grounds for hope amid all the exits from the company and the declining stock price.
It's relieveing to hear that someone who left the company didn't do so because he's jumping a sinking ship. And that he has good things to say, even though he can't be specific!
Thanks for sharing.
I'm begining to feel we're on a ship without a captain. Is the power divided at the top and they can't coordiante? Or can no one set a direction?
Those are my questions now - have not always been, but are now.
I'll bet the hold up was Illume wanted to get rid of Frohman and Phoneguard wouldn't do it.
What does the L2 look like? What shows on L1 is some offers are out.
How long do you think it's been ready?
Since Friday night whenthe web site came down temporarily?
Or before then?
I saw 5000 - where did you see 10,000?
It must be a small seller - ask goes right back up again.
So great you got to talk to him. Wonderful to hear him put Justin Bieber in perspective - as well as running stock prices on hype.
Any sense of where he was on how the company is coming? Any feel of excitement he conveyed about where the company is going? Or more of a sense of struggle or frustration?
I know these things are hard to read on the phone, but from your post, it sounded like he might have betrayed determination about getting the company going. Any read on where he was with that?
We're nearer than ever. 'Slow and steady wins the race' and the thing about this company is they keep moving forward. The forward place now could be very interesting.
I know I am off topic for the last many posts, but I thought this one was so 'on' I wanted to respond. Please excuse the off topic.
It's clear to me that deal is not done: if it were, it would have been announced. They must want to announce as much as we want to hear it announced.
The reason it is not done has to be that the conditions are not yet met - namely, OPMG hasn't yet been able to raise the amount of money necessary to meet the conditions of the agreement. Who knows what ways they are turning themselves inside out to get that money raised? But surely one of them is selling shares. That is the only thing that accounts for the endless supply of shares at the ask.
I think that is the log-jam in the way of any substantive annoucements coming out from the company. They are planning to have announcements come from the merged company, so they are waiting until that time - IMHO. That's why we're not hearing anyting from them.
I think people of their ability will get it done, but I think OPMG may have misjudged the difficulty they would have in raising the money. I think that's where we're stuck.
Didn't Amazon start out that way?
Good post.
I think a lot of the time late last year was spent trying to figure the pricing. Now it's done - and as the board seems to think, reasonable.
Now we can play with numbers. 1M sales at $30.00 give gross revenue of 30M. With 1/2 profit, we're near the penny earnings range. It's hard to think they won't get a million leading up to the concert.
I'm certain it's #3
I'm certain it's #3
Guess that would be the easier way if that's how it works at those altitudes.
I take your response to mean you see it the same way - they could be getting their financing to complete the deal this way.
It is controlled - just steady amount of shares showing up on the ask no matter how many are bought.
Part of the agreement was that opmg had to raise enough money (unstated) to complete the deal.
If they had to raise 1/2 M, they could do it through the market with 83,000,000 shares at .006.
That no announcement has come yet suggests something not finished. Probably it's the money not raised.
Pretty tough standard for a newbie.
Sales and marketing would be good. It seems like that is the cutting edge need right now.
Guess I missed that post.
Not the best track record. Got to believe it wasn't because of her.
I've been looking and this is what I've found so far.
http://www.zoxtsx.de/index.php?option=com_content&view=article&id=5&Itemid=13
I looked up Yan (Nicolette) Wang on Google. Found a ton of references to the Deploy announcement, but could find nothing of the track record of Ms. Wang.
Anybody have any more success?
Only contingency I think about is the one on obtaining financing by OPMG. Got to think they have something better up their sleeve than selling shares at these prices.
Just a wild thought. Could OPMG have been selling to raise money to close the deal?
Thank you. It still does to me, too.
If that is true, the future looks very bright.
1. New more aggressive leadership. I think our leadership, while competent, has been a bit timid about moving forward. I don't think Ross will be.
2. Another company brought on board that is successfully ahead of where we are - should bring confidence to the direction they want to take us.
3. Note - the operation is going to be run out of MA, not FL - Ross's territory, not OPMG's. That tells us who's going to be running this operation - and all for the good, I think, for reasons stated above.
4. Maybe there will be dilution, but the tradeoff is the leadership. The news is that OPMG bought Ilume. Fact is actually the reverse when it comes to how the company will be run.
That's my take.
I've been away for a week unable to post. I've been reading, though.
I'm not merger savvy - like what ways there are to give another company 40% of your company without giving them 40% of the shares. That would mean a dilution of about another 600M.
If that is the case, the market is taking this down proportionally to where it had been for months -
.01 diluted by 60% would take the pps down to .006.
That's my take.
If I've missed something about how the 40% can be taken care of without shares being issued, I'd love to have someone who knows more help me see it.
Sorry if this is behind the curve and already talked about.
Yes, I do think the product is supposed to save money and help the environment.
It seems like that would be a positive sales pitch. So, I guess you are suggesting sales should be easy. Do I dig you right?