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Popping up in many different boards....HOD $2.34 so far....
This was filled last year
http://www.eeoc.gov/eeoc/newsroom/release/4-14-09.cfm
SKILLED HEALTHCARE GROUP, INC. TO PAY UP TO $450,000 FOR NATIONAL ORIGIN DISCRIMINATION
I looked at the chart for that time period and the PPS even increased for the upcoming weeks and finally going lower in the upcoming months...
$2.02 HOD and going stong....
break $2...HOD 1.97
Wow does it have much steam left, do you think everyone will be watching tomorrow?
anyone still in this one? Are there any "expected" news or info coming out soon?
my glass is twice the size it should be.
Someone turn up the volume.
nobody buying...not good sign.
TDA says 82M, but I know that looks off...
I would be happy with .0065. What's the float here?? Did they just add a ton?
You really shouldn't have your life savings on one single stock let alone SIRI...(very volatile), but it's the money you earned, so you decide how to invest/trade/spend.
I HAVE MY LIFE SAVINGS INVESTED IN SIRIUS, HOPING...
yeah that's why I picked .83 it's near the 200 MA, but currently there were a lot of bids at .90(that are gone now)
We'll see if the .86 bottom from the flash crash and .88 from the reconstitution hold...
Where's support? Thinking about getting back in, but the last two breakdown lasted almost a month, I'll put a buy at .83 see if magic happens :)
Some kind of positive news would be nice...
I got in today towards the end, but will probably add more tomorrow if it opens strong...
This should be a Multi-Day runner as long as the seller stays away.
I'm out for now.
The way the markets are moving don't help at all.
Look at the chart from Matt_Chart(on top of the page)
This is also the second day in a row we close below the 100 MA which was support...
also look at the MACD lines.
It seems that we are headed for a bigger breakdown...
Enlighten me, how is a RS going to postpone a BK?
It would only help meet the NYSE Minimum PPS requirement.
Gettin' ready for the reverse split,that should stave off bk for a while.
During the week of Aug 2.
Hmmm, I guess that was you're opinion as well...
NO REVERSE SPLIT ON BBI STOP SPECULATING, ONLY WRITE ABOUT FACTS NOT YOUR OPINION.
Bid's are stacking up....
a lot of buys coming in L2 :)
Traded volume...there are a lot of people who trade this stock only because of the bigger price swings...if they did a RS the traders would probably pick another stock and it won't be as "popular"
By volume do you mean daily traded volume or share volume?
"Item 3 –
Extend our Board of Directors Authority (through the Approval of an Amendment to our Certificate of Incorporation) to Effect a Reverse Stock Split and to Reduce the Number of Authorized Shares of Our Common Stock"
They are just extending the option, since the option expires this June 30...right?
If they do decide a RS I think volume would decrease drastically.
I don't know about closing at $1 but it's going to be very close...
Also look how it stays very little time under the 100 Day Moving Average. The chart is posted by Matt_Chart on top of this page...
volume is coming...
But doesn't the price at close have to stay at or above $1.00 to even be considered for the Russell Indexes?
I thought the PPS has to close above a $1 until June 28 or does that only apply after the list is populated on June 11?
The market is getting pummeled. SIRI is hanging in. Only .03 down. Not bad for the market being down 300+
Blockbuster Spikes
By Jeanine Poggi
NEW YORK (TheStreet) - Blockbuster's(BBI)stock is soaring, as the movie rental chain throws its support behind the latest candidate for director of the board being attacked by a dissident shareholder.
More on BBIConsumer Confidence Hits 2-Year HighBlockbuster Bullied by ShareholderBlockbuster Free Falls on Loss
Market ActivityBlockbuster Inc.| BBI
UP
Blockbuster is supporting Gary J. Fernandes, former vice chairman of Electronic Data Systems, who is being targeted by Greg Meyer, a shareholder who is pursuing a proxy contest to get himself elected to the Blockbuster's board.
"Gary has an impressive record of business accomplishments and more valuable experience than Meyer," Ed Bleier, Chairman of the Board's Nominating/Corporate Governance Committee, said in a statement. The company said his extensive technology background will be beneficial in executing Blockbuster's future of digital downloads and kiosks.
Gregory Meyer has asked shareholders to reject Blockbuster's board recommendations and add him as an independent voice instead.
Shares of Blockbuster are surging 20.1% to 34 cents in early morning trading.
-- Reported by Jeanine Poggi in New York.
Blockbuster Board Offers Strong Support for Fellow Board Member Gary Fernandes
Press Release Source: Blockbuster Inc. On Thursday May 27, 2010, 9:03 am EDT
DALLAS, May 27 /PRNewswire-FirstCall/ -- The Board of Directors of Blockbuster Inc. (NYSE: BBI, BBI.B) today offered its strong and unwavering support for Gary J. Fernandes, former vice chairman of Electronic Data Systems Corporation and the latest candidate on the company's slate of director nominees to be baselessly targeted by Greg Meyer, who is pursuing an ill-conceived proxy contest to get himself elected to the Blockbuster Board.
"Gary has an impressive record of business accomplishments and more valuable experience than Meyer," said Ed Bleier, Chairman of the Board's Nominating/Corporate Governance Committee at Blockbuster. "Gary has an extensive background in technology and services, including his current service as a director of CA Technologies – the leading independent IT software and service company and a key player in cloud computing – and BancTec, Inc. – a global leader in processing technology. He has a long history as both a senior executive and director of public companies – an area where Meyer has no experience. It is clear that technology will play a large role in Blockbuster's future as we have expanded from stores into digital downloads, mail services, and automated retail kiosks, and Gary has been and will continue to be a great help to the Board and management in pursuing opportunities in these areas."
Since his retirement as Vice Chairman from Electronic Data Systems Corporation in 1998, Mr. Fernandes founded Convergent Partners, a venture capital fund focusing on buyouts of technology-enabled companies. He has served as Chairman of FLF Investments, a privately-held entity involved with the acquisition and management of commercial real estate properties and other assets, since 1999. In addition, from 2000 to 2001, Mr. Fernandes served as Chairman and CEO of GroceryWorks.com, an internet grocery fulfillment company. He is also a member of the board of governors of the Boys & Girls Clubs of America and Trustee for the O'Hara Trust and the Hall-Voyer Foundation.
"In his latest proxy filing, Meyer offers nothing constructive or helpful," said Bleier. "He repeats his overly simplistic observations which only demonstrate a lack of understanding about the complex challenges Blockbuster faces. He has not offered any meaningful, concrete suggestions about what he would do differently if on the Blockbuster Board. Quite the opposite, his latest attack – on Gary this time – further convinces us that he would only serve as a disruptive force on the Board. His references to unproven allegations in prior lawsuits are reckless and irrelevant, and all claims against Gary and Jim Keyes in those lawsuits were ultimately dismissed.
"Throughout his tenure as a director at Blockbuster, Gary has consistently enjoyed overwhelming support from our stockholders, and this Board is stronger with him on it. He is an experienced leader with an outstanding resume of accomplishments. We do not see any merit in Meyer's efforts to undermine Gary and strongly urge our fellow stockholders to vote their "WHITE" proxy cards in favor of all the nominees on the company's slate of directors," said Bleier.
Blockbuster rolls out kiosks at 105 Texas stores
DALLAS BUSINESS JOURNAL - BY Kerri Panchuk WEB REPORTER
Read more: Blockbuster rolls out kiosks at 105 Texas stores - Dallas Business Journal
Blockbuster’s Express DVD kiosks are making their way to the front of Tom Thumb and Randalls stores in Dallas, Houston and Austin.
NCR Corp., Blockbuster's partner in the venture, said Wednesday it will finish replacing DVDPlay kiosks at 105 Texas stores by the end of the month. Duluth, Ga.-based NCR acquired DVDPlay in late 2009 with plans to replace its kiosks with Blockbuster's. Former DVDPlay consumers will have a larger selection of movies to choose from, NCR said Wednesday. In addition, customers will be able to return their DVDs two hours later and will be able to rent DVDs online at blockbusterexpress.com.
“We are committed to providing our customers and local communities with value when they visit our stores,” said Connie Yates, a spokesman for Tom Thumb/Randalls. “We are thrilled to bring an even better experience with the newest releases, a greater selection of DVD titles, and later return times through the Blockbuster Express experience.”
Read more: Blockbuster rolls out kiosks at 105 Texas stores - Dallas Business Journal
Great buying opp today, loving it!
Added to my position.
It's called, buy low, sell high...
BBI was removed from the MSCI US SMALL CAP 1750 INDEX at close today. The reason for the last minute sell off. It was expected. Created a great buy opp. This is why you do not set stop losses.
http://www.mscibarra.com/eqb/us/MSCI_May10_USPublicList.pdf
SIRI
Removed from: MSCI US SMALL CAP 1750 INDEX
Added to: MSCI US PRIME MARKET 750 INDEX
http://www.mscibarra.com/eqb/us/MSCI_May10_USPublicList.pdf
Sirius XM Taken Down At Close By MSCI Barra Index Reconstitution
http://siriusbuzz.com/sirius-xm-taken-down-at-close-by-msci-barra-index-reconstitution.php
thanks.
Does anyone know at what time(Eastern Time) is the shareholder meeting taking place? Is there a link to listen?
"Pursue a specific recapitalization alternative proposed "confidentially" by Meyer – Determined to be unworkable by independent financial and legal advisors."
hahaha, anyways you'll be saying STRONG BUY and then Q,Q,Q,Q,Q,Q, in like an hour or something....
Blockbuster Board Urges Stockholders to Vote the 'WHITE' Proxy Card
Companies:Blockbuster Inc.
Press Release Source: Blockbuster Inc. On Monday May 24, 2010, 8:49 am
DALLAS, May 24 /PRNewswire-FirstCall/ -- Blockbuster Inc. (NYSE: BBI, BBI.B), a leading global provider of media entertainment, has sent the following letter to its stockholders urging them to vote the "WHITE" proxy card "FOR" the Company's nominees for election to the board:
To Our Fellow Blockbuster Stockholders:
You have an opportunity to make a critical decision regarding the future of Blockbuster.
You have likely received solicitation materials from a dissident stockholder, Gregory Meyer, who is seeking election to the Blockbuster Board through a hostile, self-serving proxy contest. It is imperative that you understand the steps taken by the Nominating/Corporate Governance Committee of your Board of Directors in determining that Meyer is not qualified to serve on the Board and that his election would pose a risk to the future of our company.
There is a risk in supporting Meyer
Meyer wants you to believe that electing him to the Board is a low-risk proposition. We urge you not to make that assumption. Blockbuster currently faces a myriad of challenges – from a constantly changing competitive landscape to significant financial and liquidity pressures – all of which have no quick fixes or easy solutions. Your Board and management have worked diligently to respond to these challenges and save Blockbuster from the fates of Movie Gallery and Hollywood Video. We are mid-stream on a comprehensive, focused strategy to recapitalize the company and transform Blockbuster into the leading, multi-platform provider of media entertainment. We strongly believe that this is not the time for a disruptive influence such as Meyer on the Board. In casting your vote, please consider the following:
Despite his claims to the contrary, Meyer lacks the critical industry and business experience necessary to serve on your Board.
To anyone who will listen, Meyer has touted his "direct relevant industry experience" and "financial expertise." The fact is that Meyer operated a nominal kiosk company, which he sold long ago, and his financial "expertise" is limited to knowledge of fixed-income securities. How he is qualified to contribute as a member of your Board to the turnaround of a multi-billion dollar business is unclear. As far as we have been able to ascertain, Meyer is currently an unemployed consultant. When we reviewed his candidacy for the Board, we concluded that his very limited experience made it unlikely that he would offer any material contribution to our governance process.
Our slate of nominees, on the other hand, includes a complementary blend of large company management and board experience, financial and business acumen and extensive knowledge and understanding of the complex, multi-channel industry in which we operate. Our slate of nominees has recently been strengthened by the addition of Kathleen Dore, who brings extensive cable, programming and media expertise, and Joseph Fitzsimmons, who brings financial management and retail expertise from the world's largest retailer, to our already impressive slate of nominees. Electing Meyer in place of one of our nominees would be a mistake.
All of the ideas Meyer has suggested for the improvement of our business have been either unoriginal or unworkable.
Not surprisingly, given his limited knowledge of our business and industry, Meyer's "ideas of the day" for our company make him a distraction to management and add nothing to our corporate governance. So far, he has recommended that we:
Install kiosks – Already done; we are well on our way to 10,000 BLOCKBUSTER Express® branded kiosks by year-end.
Change our pricing and terms – Already done; we introduced new pricing and terms nationwide in March.
Aggressively spend discretionary dollars on advertising – Not feasible given our current liquidity constraints which Meyer appears not to comprehend.
Pursue a specific recapitalization alternative proposed "confidentially" by Meyer – Determined to be unworkable by independent financial and legal advisors.
These haphazard ideas are not helpful, demonstrate Meyer's naivete, and constitute a distraction from the hard work required to address the pressing challenges facing our company.
Meyer's behavior has been threatening, amateurish and reflects an unwillingness to play by the rules.
Like every other director nominee, Meyer was put through the standard director candidate vetting process, but your Board determined that he was not qualified to represent your interests. Because this outcome was "unacceptable" to Meyer, he confirmed that he would move forward with a proxy contest. He then sent a "settlement offer" to the Board in which he threatened to cause "distraction and embarrassment to existing management and board members." Yet, he claims that he will work constructively with management and the remainder of the Board should he be elected. We find that difficult to believe. As he is now, Meyer would be both a distraction and nuisance on your Board that would impede our progress.
You should also be aware that, in an effort to avoid this proxy contest, Meyer was offered a role as a consultant to Blockbuster. Meyer quickly rejected that proposal, choosing rather to proceed with an ill-conceived proxy contest which will be costly to both Blockbuster and its stockholders. In fact, despite his criticism of what he calls unnecessary expenses incurred by the company to respond to the contest he initiated, Meyer has confirmed that he intends to bill Blockbuster for his proxy contest expenses should he be elected.
The choice is clear
Your current Board and management have worked diligently to position the company for the future from both a strategic and financial perspective despite a severe economic downturn, enormous competitive pressures and constantly changing consumer entertainment preferences, and we continue to do so today. We understand your potential frustration, and are equally frustrated, that Blockbuster's current stock price does not reflect the true value and potential of this company. However, we are optimistic regarding our long-term viability and success given Blockbuster's iconic brand and multi-channel distribution opportunities, and we are currently working to recapitalize the company so that we can take advantage of these opportunities and maximize the value of our enterprise. There could not be a worse time in your company's history to gamble on an unknown – an unknown whose inexperience, demonstrated lack of understanding of our business and alarming behavior pose a risk to our ability to overcome our current challenges and thrive in the future.
Vote your WHITE proxy card today!
We strongly encourage you to support Blockbuster by voting your WHITE proxy card today, regardless of how many shares you own. Even if you have already voted on a Gold proxy card, it is not too late to change your vote. Only the latest dated proxy card will be counted.
Thank you for your continued support,
THE BLOCKBUSTER BOARD OF DIRECTORS
IMPORTANT!
Regardless of how many shares you own, your vote is very important. Please sign, date and mail the enclosed WHITE proxy card.
Please vote each WHITE proxy card you receive since each account must be voted separately. Only your latest dated proxy counts. We urge you NOT to sign any Gold proxy card sent to you by Meyer.
Even if you have sent a Gold proxy card to Meyer, you have every right to change your vote. You may revoke that proxy, and vote as recommended by your Board by signing, dating and mailing the enclosed WHITE proxy card in the enclosed postage-paid envelope.
If your shares are held in the name of a brokerage firm or bank, please sign, date and mail the enclosed WHITE voting instruction form in the postage paid envelope to give your broker or bank specific instructions on how to vote your shares. Depending upon your broker or custodian, you may be able to vote either by toll-free telephone or via the Internet. Please refer to the enclosed voting form for instructions on how to vote electronically. You may also vote by signing, dating and returning the enclosed voting form.
If you have any questions on how to vote your shares,
please call our proxy solicitor:
MORROW & CO., LLC AT (800) 969-2372
Blockbuster Adds Cable and Entertainment Leader Kathleen Dore to Slate of Board Nominees
Industry Innovator Grew Bravo's Subscriber Base to 68 Million
DALLAS, May 21 /PRNewswire-FirstCall/ -- Blockbuster Inc. ( BBI, BBI.B), a leading global provider of media entertainment, today announced that its Board of Directors has nominated Kathleen Dore for election to the Blockbuster Board of Directors at the Company's 2010 Annual Stockholders' Meeting, scheduled to occur on June 24, 2010 in Dallas, Texas. Dore has been nominated to fill the seat to be vacated by James Crystal, who has announced that he will not stand for re-election at the meeting.
"We are delighted to nominate Kathleen to the Blockbuster Board of Directors and believe her leadership experience in the media and entertainment industry will support the transformation of Blockbuster into the leading multi-channel provider of media entertainment," said James W. Keyes, Chairman and Chief Executive Officer. "Kathleen has a proven history of developing effective strategic partnerships and she has demonstrated success in building profitable subscriber bases."
Dore is a veteran cable television executive with over three decades of media and entertainment industry leadership experience. She most recently served as President, Broadcasting, at Canwest Media, Inc., a Canadian media company with a portfolio of world-class brands spanning across multiple media platforms.
Prior to joining Canwest, Dore served in various roles at New York-based Rainbow Media, including President, Entertainment Services, for cable networks AMC (American Movie Classics), IFC (Independent Film Channel) and WE (Women's Entertainment). Dore also was responsible for the growth and expansion of Bravo, growing its subscriber base from 500,000 to 68 million during her tenure as President from 1996 until 2002. She currently serves as Senior Advisor to Proteus International, Inc., a management consulting firm specializing in organizational vision, strategy and leadership. Dore currently serves on the board of Canadian Film Center, University of Iowa Foundation, and Tippie College of Business, University of Iowa.
As previously reported, Blockbuster also nominated Jay Fitzsimmons for election to the Board to fill the seat to be vacated by Robert Bowman, who will not stand for re-election. From 1994 to 2007, Fitzsimmons served in senior financial roles with Wal-Mart Stores, Inc., including Senior Vice President, Finance and Treasurer, where he managed strategic planning, the Board of Directors Finance Committee, financial operations and corporate mergers and acquisitions. During Fitzsimmons' tenure with Wal-Mart Stores, the company became the world's largest retailer and an unparalleled leader in supply chain efficiency.
Fitzsimmons also served as Chief Financial Officer for Wendy's International, Inc., bringing extensive experience with another multi-billion dollar company and a broad store base to Blockbuster. In addition, Fitzsimmons has impressive corporate director credentials, having previously served as a member of the board and audit committee of the Federal Reserve Board of St. Louis and currently serving as a board and audit committee Member of Mexican Restaurants Inc. and an advisory board member of The University of Chicago's Graduate School of Business.
"Jay's retail and financial experience for the world's largest retailer make him an ideal candidate to join our Board," said Keyes. "Blockbuster will benefit from his financial acumen and his expertise in organizational efficiency."
In announcing his decision to not stand for re-election, Jim Crystal said, "I would like to thank the Board and management of Blockbuster for their support during my tenure on the Board. I wish my colleagues on the Board and the management all the best in continuing to build a leading and innovative company at Blockbuster. My departure from the Board will coincide with the nomination of two new Board candidates who will bring considerable industry experience and strength to the company's leadership team."
"On behalf of Blockbuster, our Board of Directors and key stakeholders, I deeply appreciate the dedicated service that Jim has provided as a director," said Keyes. "He is one of the world's most talented and seasoned risk management professionals and has been instrumental in advising Blockbuster through our transformation."
"Moving forward, we are confident that with the addition of Kathleen and Jay to the team of directors we have already assembled, we will have the right skill set at the Board level to lead Blockbuster through this critical period," Keyes concluded.
what does best buy have to do with block buster?
You're Too Late, Best Buy
Rick Aristotle Munarriz
May 18, 2010
Best Buy (NYSE: BBY) will finally toss its hat into the digital video ring when it launches its new streaming service next week.
The retailer was fashionably late last year, when it announced that it would acquire the CinemaNow service, partnering with former owner Sonic Solutions (Nasdaq: SNIC), whose technology would power its platform.
What seemed like a dumb idea then looks even dumber now.
Best Buy is hoping to rent digital flicks for $4, and sell permanent downloads for roughly $15 apiece. Those prices aren't all that different from what Blockbuster (NYSE: BBI) and Amazon.com (Nasdaq: AMZN) have been trying to do for several quarters -- and those companies haven't exactly set the digital realm on fire.
Bulls will argue that Best Buy has certain chain-specific advantages. It can promote the service within its stores, and bundle home theater systems with pre-paid rentals.
So how is Best Buy's scorecard on that front? The company teamed up with TiVo (Nasdaq: TIVO) for a strategic alliance last summer, yet the DVR pioneer continues to shed subscribers. Best Buy acquired Napster two years ago, yet Best Buy is still an afterthought in digital music.
Sure, Best Buy sells a ton of DVD and Blu-ray discs. Now, it can tack on digital copies through CinemaNow, and all will be perfect … right?
What's that? Wal-Mart (NYSE: WMT) teamed up with Time Warner (NYSE: TWX) four years ago to do this with the DVD release of Superman Returns, and it was retail kryptonite? Uh oh.
Piecemeal rentals won't work in a climate where studios ensure that rental prices stay more or less the same across multiple platforms. Quite frankly, it's probably just a matter of time before studios laugh off these middlemen distributors and begin offering their films directly to consumers.
Either way, Best Buy's pay-by-the-movie approach won't work. The only company doing digital rentals right has 14 million subscribers, offering couch potatoes unlimited streaming of its growing digitally licensed catalog at no additional cost to its DVD rental service. Best Buy is late in crashing a party that never really had a chance to get started.
http://www.fool.com/investing/general/2010/05/18/youre-too-late-best-buy.aspx
Best Buy (BBY) is down on the PR about their On-Demand feature lol...