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.
Seems like it will hit $4.85 then should see a small bounce and then drop to $3.92. (unless YOD releases another news).
Everyone wants a piece of pie and China is the biggest market. You On Demand is the only company that has obtainedthis license and it has 17.5 years left until renewal! I'm sure Fox and others doesn't want to miss this opportunity...
"You On Demand (NASDAQ: YOD) is the only company to have been granted a national Pay-per-view (PPV) and Video-on-demand (VOD) license in China. The issuing entity is CCTV-6/CHC, the Chinese Government channel dedicated to movies. This license has roughly 17.5 years left until renewal. This license is exclusive - it is very easy to understand the Chinese government not wanting to give control over content distribution to larger firms. Therefore, it seems unlikely many other entrants will emerge, and even less likely a market ready platform will present as a competitor."
http://seekingalpha.com/article/2004371-you-on-demand-the-netflix-of-china
"The company is currently in talks with Fox and Sony about cooperation"...I believe Fox and others have no other option but to cooperate:)
http://www.hollywoodreporter.com/news/chinas-you-demand-adds-disney-675601
More services to come soon which will take this stock high.
coming soon! KIDS ON DEMAND, MUSIC ON DEMAND, TV ON DEMAND, SPORTS ON DEMAND, EVENTS ON DEMAND, KARAOKE ON DEMAND, AND 3D ON DEMAND.......
Everyone noticing this stock and hopefully Netflix too. Eventually, they will try to buy this company. This stock has a great potential
Are you in BC? Apparently, I can sell my GBGLF stocks but can't buy OTC/Pink stocks in BC due to BC security policy
I don't think GBG will trade again. Company is trying to sell the assets to avoid bankruptcy. I lost money but learned my lesson
Mr. Ray Dombrowski and Mr. Peter Gibson of Alvarez & Marsal
(“A&M”) to assume the roles of Chief Executive Officer (“CEO”) and Chief Financial
Officer (“CFO”), respectively, during the Company’s restructuring period
http://www.alvarezandmarsal.com/en/worldwide/north-america/canada/
Lou van Vuuren is leaving GBG on November 30th.
Settlement Implementation Order – Nov 20 2012
http://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Issued%20and%20Entered%20Orders/Order-Nov-20-2012.pdf
I totally agree with the analysis...GBG is dead and I have learned my lesson from this trade.
"11.3 The Company is requesting an extension of the stay up to potentially December 19, 2012,
and, assuming the Settlement Agreement is concluded and advances contemplated under
the Approved DIP Facility are made, the Company is forecasting (as noted in the Third
Report) that sufticient resources will be available to sustain operations into January 2013.
The Company is now reviewing its assumptions for Hollister's gold production volumes.
To the extent that anticipated volumes are lower than previously expected, additional
funding may be required by the Company up to March 31, 2013"
"11.2 With an anticipated gap of approximately $15 million between current forecast funding
needs and the Approved DIP Facility up to March 31, 2013, the Company is attempting
to negotiate an increase in the maximum DIP Facility and is also exploring other options
to bridge this gap. Such options include potential sales of non-core assets. However, the
Company does not expect that such asset sales will be completed in the short term and,
accordingly, finalization of the Settlement Agreement remains critical to GBGL in order
to fund its near term operations."
I don't know what to expect from this company as the captain of the ship is leaving by end of November and other senior management already left on oct 31.
I think Sexy Sierra is giving up on GBG. Her sexy predictions are not coming true...
Let's hope for a succesful transaction
"Van Vuuren and Beckmann(the "CEO & VP Legal") have committed to staying with company in their current positions unit November 30,2012"
http://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Issued%20and%20Entered%20Orders/Entered-Order-KERP.pdf
"13.2 The issues with the Approved DIP Facility have been discussed, negotiated and litigated
with vigour. The current impact of this until now has been that the Company has been struggling for much needed and significant interim financing, has incurred significant and
unplanned professional fee cost overruns, and has not been able to effectively launch its
plans to refinance, recapitalize and/or sell certain or all of its assets for the benefit of the
stakeholders."
"13.4 It has become apparent that the Company is unlikely to receive timely, required funding
and be able to complete a restructuring within the currently established milestones as set
out in the DIP Facility without the completion of the Settlement Agreement which,
without dispute, has been vigorously negotiated."
http://www.kpmg.com/Ca/en/services/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Monitors%20Reports/gbgl-monitors-third-report.pdf
Sierra's photo shoot and update
http://sierraworldequityreview.blogspot.ca/2012/10/south-african-authorities-pushing-for.html?m=1
Besically, all the senior management is leaving after Oct 31st (except Lou Vuuren and Willie Beckmann staying till March 31, 2013)
http://www.kpmg.com/Ca/en/WhatWeDo/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/First-Affidavit-of-Patrick-Cooke.pdf
Offer On The Table For Great Basin Gold's (GBG) Burnstone Mine_Gold Fields Limited
http://sierraworldequityreview.blogspot.com/2012/10/offer-on-table-for-great-basin-golds.html
Criminal rate of interest, some of the reasons and judgment
46. "Her ladyship went on to find that the issues relating to a criminal interest rate can be and should be decided another days and that the determination of those issues is premature"
47. "However, her Ladyship did not leave the Ad Hoc Group without a remedy. she directed that the Company take steps not to allow for payment of either the Burstone Advisory Fee or under the GBGI Guarantee until further Order of the Court. the criminal rate issue can be decided prior to funds being paid to Credit Suisse"
48. "Therefoe, Her Ladyship's decision reserves the right of the Ad Hoc Group to make the arguments at ta later date that Credit Suiesse is not entitled to payment of the Burnstone Advisory Fee or Amounts under the GBGI Guarantee"
52. "The harm alleged by the Ad Hoc Group that will result form the Burstone Advisory Fee and the GBGI Guarantee is that funds will be payable to Credit Suisse that might otherwise go to the other creditors, including the bondholders.The direction of Madam Justice Fitzpatrick that no monies be paid out under the Burnstone Advisory Fee or in relation to the GBGI Guarantee sufficiently deals with that concern. The Ad Hoc Group cna make their submissioins regarding the criminal interest rate prior to payment of funds pursuant to the Burnstone Advisory Fee or the GBGI Guarante. A stay is not required"
53. "That the application of the AD Hoc Group for leave to appeal and a stay of a portion of the Order of Madam Justice Fitzpatrick made on September 19, 2012 be dismissed with costs"
http://www.kpmg.com/Ca/en/WhatWeDo/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/Reply-Book-of-the-Respondent-Great-Basin-Gold-Ltd-.pdf
Reply Book of the Respondent Great Basin Gold Ltd. link
pages 10/12
http://www.kpmg.com/Ca/en/WhatWeDo/Advisory/TransactionRestructuring/CreditorlinkSites/Great-Basin-Gold/Documents/Reply-Book-of-the-Respondent-Great-Basin-Gold-Ltd-.pdf