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.
No way. It got nailed because of kazaa and dilution.
Neither of those are issues anymore. With the addition of Goldfarb and the direction this company is now headed, this company is only going up and will NEVER be this low again once it climbs out of here.
I have sell orders on other stocks, so I can use those proceeds on anything I can get in the .030 to .039 range with ATRN. Dips are going to get bought quick.
Not sure about a dip. Any dip is going to be gobbled up quicker than crack at a strip club.
Don't you think as the days go on, the float will get tighter and tighter as investors start holding for a longer play? I think we have seen volume starting to dwindle down as investors are holding tight. As this continues, bids will have to be much higher to grab these big chunks of shares away from us.
As soon as the MM's stop trying to hold this down, we are off to the races.
I think December is when they announced it was terminated. It depends on how they do the accounting. If they amortize it or just write off the losses of winding it down as I am sure there was a termination fee or something along those lines. They will still have the kazaa expenses in q4 2011, but it should pretty much be gone after that.
They bought rights to operate kazaa. It was costing them a few million each quarter in losses, so they terminated the agreement. Therefore they have no kazaa business anymore. In addition, they will not have those losses every quarter as they have been.
Streaming?
They have nothing to do with kazaa anymore. Strictly advertising business.
Yes, which is part of the reason it dipped this low. The o/s is maxed out to the a/s though.
Yeah, I'm not sure how that would work. For them to profit on the way down. I am sure they wanted it as low as it could go so that they would get more shares when they converted the note though. Now that they were converted, they wont be playing games to make this go lower.
I'm guessing at a minimum that share conversion paid off 1.8 million of the debt. The tricky thing is that BD was able to do some creative things with their shares, so they could have made the money shorting or whatnot to pay off the debt once they were officially assigned. I'm not very versed on corporate financing so I'm not sure how that would work.
I haven't read the entire thing.
There is a calculation that can be guesstimated though. BD was issued about 90 million shares. S whatever those were valued at would go towards the debt. Let's say it was based on the 5 proceeding closing stock prices before the day the we're transferred. If that averaged .02 they should have 1,800, 000 towards it. Itappears it was done towards the end of December. If that's the case, the stock averaged about .02 so that could be the case. That would be enough for 2 full payments.
First payment was due 12/31/2011. It was paid with that stock conversion.
Read the 8-k
http://www.sec.gov/Archives/edgar/data/1022899/000114420411068593/v242517_8k.htm
They defaulted on the pay,ent and had to issue shares. I am sure this was a planned event.
They issued 90 million shares to brilliant for partial payment of the debt. It does not say how much, but it has been paid down. Could be anywhere form $1 to the entire thing, they did not specify. Also, there was a bunch of funny business allowing BD to short the stock and do miscellaneous things. S the stock tanking could have been a designed plan by BD and ATRN together to pay off that debt with a little collusion on the OTC pinks rather than NASDAQ. It very well could be all paid off. That is the big question on this.
We should know soon though.
That debt to BD is the ONLY thing holding this down right now. Once that is figured out, this baby is taking off.
The recent warrant to stock conversion did say the debt was partially paid down. I would assume that is he debt that was paid down and that payment could already be taken care of.
I definitely believe in the company turnaround. My ONLY hesitation is that us as shareholders will be the ones realizing the profit from this. The stuff with BD is a bit confusing and until that is cleared up, it will hold the stock down a bit. If they come out and say the BD debt is gone, the stock will SOAR. That could very well be the case already, but with that confirmation, its a no brainer to reach minimum .25-.50 within days of that announcement.
Nice summary.
They never owned it. But if you read note 4 on the q3 10-q, they had at least 5.6 million in losses from kazaa through the first 3 quarters this year. So cutting ties with that is a great thing for atrn's future
How would something like that go down? Brilliant Digital isn't public, so could they just do a buy out and take it private?
You don't think they paid BD debt with it?
Or are you under the assumption all BD debt was paid with whatever stock games BD was able to play?
This may be a little thing, but the stock price is listed on the homepage of their web-site. Might not mean anything, but to me it means they are very aware of it and it is very important to them.
Added some more on the dip @ .0351
Just my opinion, but most people have bought and are holding. This is a safe investment. No need to check up on it every hour of the day. I will probably turn my computer off at 10:00 and enjoy the day. I will come back and check after closing.this is safe.
I would guess they report positive income in Q1 2012. The Q4 2011 should be a very positive report, but they will still probably have a loss related to kazaa operations.
If you look at the 10q, most of that loss was from kazaa, which is no longer around. It may be for Q4 2011, but not after.
Either way. It would reduce the o/s by the same fraction as a/s, therefore every shareholder would have the same percentage of market cap, which would not change. Plus it would raise PPS and look like a more solid investment for non penny traders.
Any time I think about selling, I remind myself who is on the management team. That in and of itself is enough for me. Not too mention everything else that is already pointing towards a huge uptrend.
I closed a few other positions to get in on this Monday. I'm riding it and have no intentions to sell. My 670k shares are on lock down.
The water is nice and warm. Just jump on in. No need to just get your feet wet.
I'm fine with riding ATRN. No need for anything else. This is as good as its going to get for right now. This is the play to be in.
That should really boost Q4 numbers when they come out in the next few weeks. Can't wait.
Nice. It just keeps rolling baby!
My 2 year old asks. What you doing daddy? I say, looking up stock stuff. He says.. We making bank? Lol
He's got 20K shares. Might go to Harvard rather than state party school if this reaches it's potential.
To ask if a stock will get back to $60.00? It's not degrading. It's a lack of respect for people that put in the time to actually do sme reading and research. A simple 5 minutes of reading the boards could have answered his question. But he would rather spend 10 seconds posting a silly question so he can get answers from someone who may or may not blow smoke up his ass.
Its a disservice to himself to not read all the due diligence already posted on this board. And it's degrading to him to give him 5% of what he should know about this stock before he gets in.
Lol, nice pic Stuart
Why would anyone be on th ask for so low. This is going to surge. Can't EVERYONE see that?
It was a 20 million dollar company. If it were still a 20 million dollar company, even with all the dilution the stock should still be at .20.
Also, I think the asset sales are looked at as a big positive by everyone.
Lastly, with the dump age to sub pennies, brilliant digital (the note holder) converted note to that 90 million share dilution and will use proceeds of the sale of stock to clear out the note.
So at the end of the day, we are looking at a company with 35 million in revenue per year, no debt, plus whatever cash they can get from the sale of kazaa.
I think that sounds pretty darn good and should be able to get a much higher valuation than a 20 million dollar company. Not to mention every single person on the management team has been part of bllion dollar companies. Why would they be here if something wasn't in the works and about to break?
Trying to think of bad news possibilities?
Maybe BD doesn't get paid off with the 90 million in shares they received? But it seems like those shares are definitely out there so they must have made money off of them thus reducing the debt. Not quite sure if I understand how that would work, but seems to be the case.
Any ideas what could happen to negatively effect this puppy?
For people that do the due diligence required to invest, they will know that this is a great stock with unlimited upside potential. Fortunately and unfortunately with the large increase in PPS it will attract a lot of attention from the flippers and shorters. They could be unpredictable and throw in multiple temporary alterations to where the direction this should go. UP!
I believe the management behind this is the biggest key...over any technical indicators.
Well said. As soon as this gets above .05 I'd love for this to have a nice slow 5-10% every day for the next month, with the occasional 20% day. Huge rises every day will make new investors think they missed the boat and shy away from getting in. Thus limiting the upside.