Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here's a simple idea:
Mythical Atrinsic PR if your post holds any water:
"Atrinsic Interactive has chosen to enter a dark period with the SEC. During this period, we intend to save on auditing and regulatory fees we would incur to keep our shares trading on the Nasdaq. As our core business begins to shift, we fully intend to strengthen our business so that a return to a fully reporting company will occur. We will, from time to time, update shareholders with information pertinent to our return to Nasdaq."
Now, 3 more questions:
1. Why sign the Kazaa deal, only to deep six it later?
2. Why issue millions and millions of shares to certain note holders? Those note holders need to be identified.
3. Why cancel all remaining shares for your employees?
3 simple questions, all pointing to the fact that if they were actually doing what was in the best interest of shareholders, they wouldn't have done any of those items, and would have had the forsight to shut down Kazaa before they spent SHAREHOLDER MONEY on a losing proposition, only to do a 180 within months of signing that deal.
Man...WTF!
Over 13M in transactional revenue in the 3rd qtr last year, and online spending for Christmas was up sharply. Let's just say that they saw a 25% increase in the transactional revenue piece, that puts their 4Q earnings at 16.25M, which added into their revenues through 3 months, 41.25M roughly.
They shed Kazaa, as a matter of fact, they committed and reversed that decision sucking money right of the company.
All in all, it doesn't look like these assholes are playing fair. However, I am NOT in favor of agreeing to anything with any lawyer that gives them a large stake in any valuation recovery.
If this is to be done correctly, isn't there a way we could set up an inexpensive website to track this, have a paypal account that can accept payments into one account, and ultimately, pay for these legal expenses via the 225 shareholders we have here? For $500 / investor, that's a 112.5k legal defense fund versus a percentage of the difference between .07 and fair valuation, which is a much, much larger sum of money. All IMHO of course.
And I think that's the point here. I'm not a fan of going class action and letting the lawyers run rough shot over any gains, but at the same time, I am in favor of these guys fulfilling our 'right to know' as shareholders. Make no mistake, we have a right to know what the hell is going on with this company's financial position.
I find it very hard to believe that going dark was the result of any 'deal', and here's why:
If agreement was reached and the due diligence period is 60-90 days, the price would already have been set, no? In order to go dark and not get the highest price possible, there would have to be a letter of intent, pending due diligence, and at which point, the letter of intent would have had to be made known as material prior to 3/29's darkness. Financials would have had to have been shared as well as a market analysis, at which point, why not make public the letter of intent for $x.xx per share, let the price run there and either it checks out during DD or it doesn't...
Did I mention that I hate this company yet today? I think so...
I love money. I hate this company.
They're tired...boo-hoo...
Do something about your f'n pps by communicating your intentioned destination to the marketplace. This is ludicrous.
I appreciate Lili's efforts, but put minimal stock in the information 'Exhausted Chris' shared with her.
I think we deserve concrete answers from this management team. They were chugging along, doing the right stuff (short-term) and then turned out the lights? Why?
Well, if it is an imminent buy out, then these folks have till June 30th to release publicly the deal. That's typically how long is given for a due diligence period in the majority of M/A, especially one the size of ATRN.
I read Lili's information here and am frustrated that Fong didn't at least make an appearance to discuss and sent Chris. Exhausted or not, they entered into a losing deal with Kazaa only to kill it a few short months later? You mean to tell me that they didn't see the writing on the wall a few months prior?
As I said above, we need info by June 30th, or my opinion of this company is that it's a big shit show with no winners here. Their actions make no sense at this point.
This stock is one steaming pile of manure.
Facebook paid 1B for a company with no revenues. If u go to www.accountingtools.com, check out the info on valuations. In hypergrowth markets, 2-3x revenues is reasonable.
This string of posts was rather humorous.
I really enjoyed reading Roag's post today. If you havent read it yet, everybody should.
Funbags are a gift. But they usually come with baggage. No pun intended.
It better be glorius, or I'm gonna Fong some Board Members up.
It's so funny how this board backs off management when we're up 7%. Me included...
But, when we're down, everyone wants to riot and storm the offices to ask them WTF they're doing.
No, I don't think Monday will be anything different. The only difference will be when we trade out of this downward channel and people wake up to see that a new uptrend has started IMHO.
like 11k shares brought it all the way down 9%....
rrrrrrrrrrrrrrrrrrrrrrrrrrrrriiiiiiiiiiiiiiiiight!
That's a slap happy beast is what that is...
We need desperately to break out of this downward channel we have been trading in to confirm a new uptrend IMHO...
A few items:
I can't imagine a business like ATRN would be flying naked without Employment Practices Liability Coverage. Therefore, that settlement was likely closed by the carrier, and obviously, the docs sealed.
Now if there was insurance behind the whole suit, it wouldn't hold up any deal prior to closing on a merger/buyout, as the claim would have been made prior to entry into an agreement. Especially if the transaction was an asset purchase and they had retire the stock and ATRN was no longer an operating entity.
In short, I can't imagine that the closing of the lawsuit is a 'sign' that something is right around the corner. It's likely a negotiated settlement in a timely fashion by the carrier to avoid a lengthy court battle. The last thing you want to be in is a court room in NYC saying they fired someone for being pregnant. That's BIG BUCKS!
Bottom bounce, or is life here turning around?
Yet another stock I've grown to hate...
SWEET!
If the pps doesn't improve SUBSTANTIALLY by June, I am calling an attorney. This is bullshit.
something really, really fishy is going on. Ask is .071, I put in a small order to hit it, and nothing for 5 minutes. There's shares right there on level 2
You are, in fact, on top of this with the right line of thinking IMHO.
Yes, Oh yes! Thats EXACTLY how you do it!!!!!
Sorry, JRG, but I can't put any substance into a conversation with a mystery individual about potential sales and closing information. That's materially pertinent information that certainly constitutes insider trading.
I'm sure you're a nice guy, a great guy, but I'm going to prefer to leave it at that for now.
If I'm wrong, so be it, but, there's no way someone spills there guts like this...
Good luck to everyone with this pig of investment. It's downright awful...
9 sales??? NONE CLOSED! MISSED FILING! End of story at this point IMHO.
And feelin good enough to loosen up and tell someone what's going on!!!
Exactly. I think if they were to screw shareholders before, after Drs communication, they realized they pissed into a pretty stiff breeze...
Hector...there's tons of comedy here...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74659265
Time is running out...
ROFLMAO
Or they have been doing it all week...
Somebody take this ticker symbol out back and put it out of its stinkin misery.
It's 4/20
My PC is hanging like it wants to load something, but then goes totally blank...
No sir...I'm through guessing and shooting up with Hopium on a daily basis. I'm all in or nothing, but they best have a damn good reason why they've anhialated shareholder value.
Yeah, great money to be made here...
Well, if you consider that it trades higher at the open, ends up closing down most days, and someone doesn't hold over night, exactly where are the opportunities to buy and sell?
Oh, wait, you must be really, really good. Did someone take this picture of a mod on this board?
So you're a mod, and a shorter. Sweet.
Iggy.