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Here's more food for thought, the principals all have or had highly respected credentials, strong reputations. If they pull a total wash out, their future prospects may become far dimmer. They will sell rather than fail completely with so much at stake. Just my opinion.
Also, any big dog in the field can pick up the company and lot cheaper now than they would be able to once the company launches and gains market share and increased value. I have no doubt that several big players have been watching the development of this company. It doesn't take a genius to realize, as you have pointed out, that they need a lot of cash for advertising. If the principals realize that they can't raise it and are faced with the loss of "time and treasure" then I believe that they would take an offer that nets them something for their efforts.
I can think of companies that may be interested in buying what may be a ready to launch product. Although there are many competitors out there right now, it is too big of a market, both now and in the future, for companies to ignore. So, if Verizon or Comcast wants to stop the bleeding then they need to get in the game quickly. Maybe Apple is interested since they were possibly aware of alpha test results. I am sure I can think of others, or you can, if you really think about it. Maybe Netflix, Sony, who knows? Remember some of the principals previously worked for, and therefore, probably have access to some pretty big players in the field. Why bother to have done the recent OTC updated filing if collapse was imminent? All imho.
IMHO we may see an engineered trade that will trigger panic selling. If the company has made a deal to sell, then the more shares the current owners can buy back at next to nothing then that makes them all the richer. All indicators show me that the company has zero loyalty to the shareholders. I have seen this before and I will contact the OTC Markets for an investigation as I see fit.
When I clicked on the cable clix stock price on this site this morning I noticed that it shows the last trade as being at 6:51:15. Who gets to trade this stock during off hours?
Very well said on all points. It's shameful the way the management shows no responsibility or loyalty to the shareholders. We have an unofficial spokesman who has even repeatedly called shareholders a**holes and di**heads while simultaneously telling us to buy through the offer. If this is the best we can get from company then we should all expect to see this company eventually peter out, imho. I feel like I have been the butt of a bad joke.
I don't understand why post 3357 is pinned. Can anyone enlighten me.
The top pinned statement says "Yield should be gone soon." Please update that statement.
The sign has finally been removed from OTC Markets page. No more excuses. Competitors are out and promoting with a frenzy here in Maryland. They started later and are all arriving first. If we don't get immediate news then I am going to presume that the leadership must only be working on this on a part time basis which is unacceptable in my world.
Last night I saw multiple competitors running tv ads, one is pick your channels. Where is news? What are they doing? I feel like I am in the Sahara desert with no water.
What makes you think this may happen?
Bar Charts has CCLX at an 8% buy recommendation in the short term. Good news.
The Virginia location is actually the location of Mark Bayliss' cable service. So, they don't own any property in Virginia and can no longer use it in any way I imagine. If they saw the split with Bayliss coming, and they probably did,that would explain why they took on a new headquarters. Glad to hear that they believe it is large enough to house all of their coming operations.
You are right IMO. Someone I referred into this stock months ago was going to place a very large buy order today, but when he asked me for my opinion all I could say is "I wouldn't." Numerous successful investors have all written the same thing - you don't buy a stock when it is going down in value. I have spoken with many of the people I referred in and we are all in agreement - any fluff news that will let us sell at break even prices and we are all getting out. This company is months late on their launch, changed their business plan, had internal shake-ups, and seemingly has zero consideration for their shareholders. Pissed is an understatement.
Absolutely agree re: lack of transparency and upcoming cost of advertising concerns. I don't understand why they don't have shareholder conference calls. With Skinny stating he was buying and then, obviously not, I now have concerns that his recent statements regarding upcoming good news may be false bait. It is just awful to have spent this entire year buying, holding, supporting this company through rough news and see that it may have all been in vain. 'Astounding' is an understatement. Don't know about you Midas, but myself and many others have so many shares that at this current volume of trading it would takes weeks to unload all of it, and at huge losses. The administration of the company knows that we are all feeling very boxed in and simply doesn't seem to care. If how they handle their shareholders is any indication of how they will handle their subscribers, and I believe it is, then holy crap, this company has no hope.
I am starting to agree with you. I have a hard time though believing that they're not going to do something soon. Don't these guys have a vested interest in seeing it through? Wouldn't their strong reputations go down the crapper if they don't? I truly don't know what to think, believe, or expect anymore. Would like clarification on what the "specialness" or market differentiator is these days. Or will they be just another one of the now many?
Skinny, "in the coming days" could mean in 1, 2, 3, or 10 or 15 weeks. Can you possibly narrow down the term a bit for us?
I am starting to agree with you on that. When I first invested, prior to the caveat emptor, I saw huge potential in this company. I got a very large number of Maryland people to invest as well. Now I see several other large players are streaming live tv. As far as I am concerned, CCLX is just about out of time. I really do hate to say that. Seems like there's no rush on their end, and in the meantime, this stock can't even crawl its way up to a point where it can be traded regular. Either hold it or lose money seems to be the only option for everyone but the MM's. Unfortunately if I pull out so will a large number of other investors. Mark Bayliss did more damage,as I believe was his intention, than I believe people realize. Why would the average person invest based on this year's tumultuous history? If I weren't already invested and saw the history of this year I wouldn't buy in now. A wise, seasoned investor I know often points out that the market doesn't like uncertainty. The market likes earnings or expectations of earnings, neither of which cclx seems to provide at this point. So sad. Infuriating to know that Bayliss' need for petty retribution was achieved by him jerking off using our shares, or money, as his catch. We should have collectively gone after him personally, for breach of fiduciary responsibility, and taken his 20 million shares away from him, along with his other assets. I know a person who sold all of their shares, at bids, the morning of Bayliss announcement. If not for that announcement, he had no intention of selling. There's the proof of the harm Bayliss did.
Midas, I sent you a private message last night. Hope you received it and still want to talk. I don't for 1 minute believe this stock would be down like it is if not for what Bayliss did.
No worries people. Some of us may be a little bit older and more experienced in more complicated business issues. I simply want to discuss our options with Midas. If he and I are in agreement as to a course of action then I expect that the entire board will be given an opportunity to work together. No need to panic. I am holding my shares as I believe Midas is too, can't speak for sure as to his position and wouldn't attempt to do so. Mark Bayliss made very agregious statements, causing harm in my opinion at least. He shouldn't have done so. The company made a good statement today, they are moving forward. For my part,confidence is high in cclx's current management as well as in their business future. Best wishes to all.
My thoughts as well. Didn't see a reason until Bayliss pulled his manipulative, back stabbing move. In his initial post Friday he made reference to looking out for shareholders interests. At the same time he was driving a knife into our backs. IMO he picked his day and time and location of announcement to inflict maximum damage. Wait until you hear what I want to tell you... Signing up in 5 minutes and will compose email. Will send before 6:45 eastern time.
This post is typed by JJ36. The post and account I made earlier was removed because I wasn't aware of the 1 account per household rule- This is my mother's account, however we are both separate shareholders, and I apologize for any confusion. Here is the post I made earlier:
Part 1
As a general response to Mark's postings and all the following replies, I would like to bring up a few additional points. First, I don't understand why some of you are both thanking and eagerly awaiting Mark's response. In my opinion, he's out completely. His post has caused uncertainty, potentially destabilized the stock price, might bring on another caveat emptor, and by his own admission he isn't current with what the company is doing. At this point, I wouldn't consider anything he says to be valid or reliable, and he's also caused me to be concerned about the current business model of the company. I've got quite a few shares of the company, and it's all of my money, and when I invested, I felt like I was investing in a concrete, well thought out idea/ business model. I felt like I knew what Cableclix was doing and what direction they were heading in. Now, after Mark's post, I honestly have no idea. Maybe the business model and idea is the same, maybe it's slightly changed, or maybe it's drastically changed. I don't know, and that concerns me. I don't know what my money is backing anymore. At this point it's a necessity that the company, not Mark, make a press release with in-depth clarification on what the company is doing. I want to know what my money is supporting.
Part 2
In addition to my previous post, I would also like to add a concise list of some important questions that the company ought to answer.
1. What, exactly, is the business model now? Is the focus on a box, an app, both, or something new?
2. How is the company handling Mark's absence? Is there a void that needs to be filled now that he's gone? Is it already taken care of?
3. Is Mark under contract to keep private company secrets concerning the idea and product so that he doesn't take that information to a competitor with virtually unlimited funding and beat CCLX to the punch? Along those lines, has the company gotten a patent approved yet?
4. Assuming the previous business model is still current, how much progress is there? The cable boxes are already behind- status update?
5. Following my previous point, how are negotiations going with local networks? Is that still part of the business model?
Finally, it's obvious that for whatever reason the company will not be launching "on or about Q2" as the website says. Delays and problems are perfectly understandable, but if the date has been pushed back then stockholders and potential customers should be kept up to date with the new timeline. The website needs to be kept up to date, since currently it displays seemingly outdated information and therefore a lack of comprehensive management.
Think about this people. While Mark Bayliss may have had a brilliant concept in the formation of the company and product,I see a problem very clearly. As a former shareholder and employee in a closed corporation, I know that no truly competent business leader would allow their self to be put in a position where they didn't have control (51%) of all final decisions, including the firing of insubordinate employees. The fact that Mr. Bayliss acknowledges that he had no control without accepting his own blame for allowing this circumstance to develop indicates to me that he may not be the best person to lead the company. If he couldn't be smart enough to maintain controlling power, thereby looking out for his own best interests, then why would I believe that he is the best person to look out for mine? Agreed that Cable Clix management letting us hear about this management shake up in this crappy way is unacceptable. I do believe that if management makes an intelligent open statement about how this affects the forward momentum then we may see the stock ride this news out without panic selling. We know they are product testing, which is a great step forward. Convince us,please management, that you have the skills to properly handle internal issues and we can all move forward. Failure to address this properly would indicate that, while highly skilled,no one seems to have the business management skills that are critical to any company, especially a start up.
Skinnybundle has the phone numbers for the 3 men behind cclx. Let's hope he calls them and either confirms or denies the earlier post from Mark Bayliss.
Welcome back Skinny. Though, ahem Skinny, we aren't all "gents" on this board :)
Glad, no, thrilled to hear about the beta testing. Thanks for the info.
CCLX touts itself as being the only streaming TV with local networks. Not so now. Direct TV is advertising the addition of 35 local networks to their streaming service. If CCLX continues to drag out the launch I worry that they won't have the "specialness" to take the streaming market by storm.
I just placed limit orders to sell all of my shares for $200 pps. Same for several people's accounts that I watch. Those orders won't show on the board we see, but the shares are locked down.
Interesting points re shorters. I haven't tried to place a higher limit order lately,but I have some of my shares with a limit order at $150, some at $100. If it let's me place the orders, I will lock down all of my shares today at upwards of $100. Then I don't have to worry about being away from the market when cclx finally moves (when the paint finally dries,good one).
I agree with that statement. We are close to hitting the 10 month mark since they announced that they had ordered the set top boxes. It makes me worry that something has gone very wrong. A shareholders update is past due. Failure to address our valid concerns is unacceptable. It makes them come off as shysters. I believe that the intention is to do what their website claims, but the proof is in the pudding, and this pudding is sadder than sad at this point.
Hey Ammobox, I haven't. It would be a 4 hour trip one way with no guarantee of anyone to speak with. Skinnybundle has already asked better questions than I would have. I do wish they would make a statement regarding why the boxes aren't here yet.
Beware of negative people,they have a problem for every solution.
Not everyone is an 'accredited investor'. With one exception, everyone I know (which is a lot of people) that has invested in this stock is a first time investor or close to it, not experienced at all. Yes, we all new the risk was very high. Many of us are involved in small businesses ourselves. My background in small business is what enabled me, I believe, to recognize that CCLX has great earnings potential IF it delivers. The product should be a game changer in the tv viewing/streaming world. The people have the expertise and general experience to make it happen. Adding excellent customer service to the formula is vital. While the group of people I referred to are currently investors, we all live in the Washington DC metro area and many of us were anticipating becoming customers as well. It puts a bad feeling out there as customers when feeling lost as an investor, just continually hoping and praying for good, significant news. The Cable Clix website states the launch is expected on/about the 2nd quarter. Second quarter is almost over and no word at all. That alone is a bit worrisome. People (not myself) gamble on the lottery with much worse odds than what Ted stated because of the big potential payoff. I wouldn't have invested in any penny stock unless I really had faith. Skinny, stating that if you're not helping the stock then you're in the way is unfair to us. We are HOLDING. Every time any of us has bought through the offer the price IMMEDIATELY goes down and never recovers. I started buying in at .08, egads! Bought through the offer often as it sunk and sunk. Don't blame us for being nervous, we are all in the hole. We have still held on and supported it. I don't want to say there does come a time limit though, because I would hate to sell and then they announce. But hardworking people who don't have huge amounts to invest can only hang their money up for so long before life's needs will require a reallocation of funds.
Numerous relatives,friends, neighbors,neighbor's friends, coworkers, and business acquaintances have invested in this stock. They are all growing increasingly weary of the long silences and lack of solid news. When they ask me what I can tell them,my answer is the same, I have no idea why the boxes aren't here yet. People around me are starting to get nervous about it.
I agree that the shareholders shouldn't have to prop up the stock. I too have been concerned that there may have been or be a problem with the set top boxes as they were ordered last September. The company needs to make a statement. The air is getting increasingly stale and thin.
Skinnybundle and Tedpeele. Thanks for the response Sb. I agree with Ted that it would be quite reassuring to hear that the company leaders are working full time plus some on cclx. Although they are involved with other businesses I can't believe that they have risked their time, money, and reputations to produce a flop. I agree that buying through the OFFER is important to moving up the price. Myself and many others I know have held faithfully and are anxiously awaiting good,significant news.
How did you reach management? I invested heavy over the last several months and have reached out through their website email and phone, all to no avail. Also, you stated that you now understand the why,when, etc. I can't imagine that you were told the launch date ahead of a company announcement. If you were told, please enlighten the rest of us.
High level of confidence in the product and the expertise of the management. When they announce their upcoming launch in the Washington DC area the stock should soar. Do hope the announcement comes soon.