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I'll respectfully disagree with you on going lower on the PPS. For now there appears to be good support at .0008.
Agreed. This is a buying opportunity we'll not soon see again.
Exactly right. Focus on the business fundamentals and the stock price increase will follow.
There's a lot of shares that recently hit the market from debentures that recently matured with convertible warrants. Investors that acquire shares this way are not equity "stock" investors. They want to turn their stock back into cash as quickly as possible so as to purchase more debt.
My estimate is there is a least a hundred million shares now hitting the market because of this. But do your own DD by reading the SEC filings.
When we wash these shares out of the market the sellers will be gone and we'll move upwards as one would expect on positive news. Until then those that got shares through convertible warrants will continue to sell into any rise and volume in the stock price.
Looks like there will be a nice bounce off of .0008. Over 12M shares on the bid.
Nice little flurry of trading. Now let's take out the 10's.
The Bid support is a very bullish sign. Especially NITE nearly a 14 M share bid.
This may be the turn we've been waiting for. All aboard, the train is leaving the station.
You mean you predicted it 4 months ago and it still hasn't happened. So why not predict again and see if it happens this time?
You are exactly right on that one Q. Until that happens we have to assume the company will have to go back to the well and issue more shares to fund operations.
However with the projected revenue numbers we heard recently a back of the envelope calculation says with only 9 employees and the margins they claim to have gander.tv should be at or very close to break even. If they can stay above break even for a couple of quarters traditional financing options should be available to them.
So I think we're close. We need that PR that says, opening a new market with huge incremental revenues, with minimal or no impact to current operational expenses. That should do it.
Agreed. Something with substance that effects the fundamentals of the business, not more coverage of some local event.
Agreed, but it's going to take a PR to get the ball rolling.
Yes, that halt was a momo killer. I think we would be a few ticks higher right now if not for that. Totally bad timing.
I agree. The silence is deafening. It's hurting us big time.
Really wish the company would put some news on this and other topics. I know Chris says there's a lot going on, but could he share please?
Does any one know the status of the collaboration between awesomeness tv and gander.tv on the Road to Nashville tv show?
Yeah well too cool could drive potential investors away and the stock price down.
I am all for under promising and over delivering, but I think he's being too conservative here.
Agreed. Those numbers seem very low to me.
Looked like we were on a roll until the halt brought an end to that. As you said it looks like we'll pick things back up on Monday unless we get some action into the close.
Pretty, but nothing new in the way news.
CBS announces streaming service:
http://www.foxnews.com/entertainment/2014/10/16/cbs-launches-5-month-subscription-streaming-service/?intcmp=HPBucket
We're in the right space at the right time.
Actually as an Etrade customer you can stream CNBC on your computer for free
CNBC is doing a segment on streaming video services. They just said even at the price Netflix has been beating down to their still trading at 90 times revenue.
If AXCG can get valued at that multiple life will be good.
All I can say to that is read the 10 Q and 10 K.
The CEO did buy back a lot of the toxic debt recently with his own money. This has stopped a lot of dilution and those share from entering the market. His action signals he is very confident in the future of the company and does not expect to have the need to issue more toxic debt in the future.
What's been expected is the company will soon reach cash flow positive and not need outside financing to fund operations.
Agreed. It's a great buying opportunity to pick up stocks from great companies like AXCG with huge potential going forward at prices we'll not see again.
You are correct there are many ways a company can dilute its stock however in the past AXCG has chosen to go the debentures and convertible warrant route. So I think we can safely assume, if they are inclined to dilute, they'll use this method in the future.
The point is the actions they're taking at this moment won't dilute the stock for 9 months in the future. The debentures they issued in the past will continue to mature and dilute the as those shares are issued.
As far as the stock getting hammered today, have you looked at the market in general? The DOW is down 456 points at the moment. The fact that AXCG is taking a hit is not surprising.
When dilution ends is full calculable. The article below details all the debentures with convertible warrants and their maturity dates. So doing a little simple math determines when and how many shares will enter the market.
http://technews.tmcnet.com/news/2014/08/18/7975155.htm
Since AXCG has historically expanded the Outstanding Shares via these debentures and convertible warrants any activity they're doing now will show up on the next 10 Q and won't dilute the stock until 270 days have passed and the convertible warrants have matured.
At least you're honest. Your negative comments on AXCG are then obviously designed with hope of getting stock at even a more phenomenal price than it's already at.
My advice is buy now. Why waste time trying to get in .0001 or .0002 lower when the price will easily be in .02 to .03 range in a few weeks? You run the risk of missing the run up altogether and the potential difference in profit is negligible.
A 12.5% gain is not nothing. Also if it had ticked down .0001 all the negative posters would be pointing at that as evidence all their predictions of collapse are coming true.
The fact that AXCG is up on a day the market is getting hammered should not go unnoticed.
Thanks for passing along the information. It is much appreciated.
Sure, if you like napping. :) LOL.
Nice catch. When one of these interviews happens one time it's not interesting, but when we see a series of them it smells like a coordinated PR campaign.
Which in general is the lead in to something big.
Yes, I'm not impressed with their shareholder relations, but they are only a 9 person company. So we have to give them a break.
Nice, some good information on the company operations, and business model in that interview.
Well, no trading for about an hour. I'll take that as a good sign that buying and selling interest are in balance.
What we need is some of this news that has been rumored to becoming for so long to get us off the snide.
I'm thinking the 30 M share trade was a cross trade between MMs. The buyer needed to replenish inventory.
Yep, it seems the selling is done for now.
Wow, 30 mins into the trading day and no trades? Is something wrong with my system?
You are correct. The dilution occurs when the debentures mature and the convertible warrants execute turning the debt into shares. Typically the debentures take 6 months or more to mature. So if the CEO was raising money this way it would be next year before we see the dilution.
What we're likely seeing is the debentures that were issued back in April. They're maturing now diluting the stock. Stock acquired this way are typically sold immediately to convert them to cash. Hence the selling we're seeing.
Bring on that news. It's about time.