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I have a family history of coronary artery disease. Now almost 60, has 2 cath due to arrythmas, pipes are clean and have been on low dose statins for 15 years. Risk/reward is not an issue with low dose statins.
Would it be in their mutual interest to settle early for a fraction, say 50 million? WDDD could move forward with other cases, Activision could move on with their liability limited and known.
Win for both, WDDD would be well positioned for their future cases, Activision would be done with it all. Both would save on litigation costs.
The new website is up and running, looks pretty sharp. I'll be most interested in how they plan to drive traffic to the site.
I try to trade the big moves and volume hope I am on the right side of the wave.
One other thing, stocks like this are highly speculative, I tryto trade the
Article April 24 Seeking Alpha and a website groovevc dot com provided some good info. Went back to last year some articles by Josh Greene on Seeking Alpha looks like he was early on this. Good luck.
These guys do take casual indifference to compliance to a new level. Adding an audit committee member should be one of the easiest compliance issues to resolve; the stockholders' equity will possibly be addressed with a restatement of the value of the 10.4% ownership of Sharecare. Not saying any of these things will happen, (might we see an IPO announcement for Sharecare before this need to be addressed?), but I can't believe there is a complete lack of a plan on their part as they move forward with their web properties.
The CEO is just 36 or 37 years old, but has racked up an impressive résumé (google Kai-Shing Tao). It's why I use the term indifference instead of incompetence. Whatever the plan these compliance issues will not likely play any part in the outcomes for the company. Frustrating for sure but probably not material in the longer term.
Since last week, they have added a new board member, a lifelong Vegas casino exec, they have leased 10,000 sq ft of prime office space in Las Vegas and will launch bikini.com on Memorial Day, which appears to be their new travel site. They are paying 20000 per month for the Vegas lease.
Something big is in the works, you simply do not spend this kind of cash unless you are about to become flush with cash, or you know your business is about to change dramatically.
Looks like someone is accumulating.
It would seem that the CEO is bracing for some kind of move by all the stock he's been accumulating. The Sharecare piece is worth a substantial piece, IF, they do take it to an IPO. The other pieces need to be monetized and I am not sure how that is going, there is so little being released so far. But with the thin volume if you can get shares at a level you are comfortable with its a nice speculative play, and anytime a CEO is buying like this guy has there must be something in the wind.
Good report. Won't make the price erupt, but solidifies the bottom and increases the potential for a buyout.
LOL, I believe he is going retro and targeting very basic .com names that can be monetized based on specific demographics, in that case, males 13 to 45. He apparently believes he can drive traffic to the site and make money.
New development since last year, the CEO is buying up available shares hand over fist. Float almost non existent. Interesting story to be sure.
$1.4 million in EBITDA for 1q13 is huge. Now 90k to 120k per month in lease savings kick in. I do expect to see this at or near $2 per share by year's end as they become earnings positive in 3q. They are moving into mobile in a big way. Earnings call transcript on Seeking Alpha. I expect to see lower revs or 2q from 1q then a big positive move for 3rd 4th quarter.
The loan approval is indicative of a healthy financial position, no need for further dilution. I expect a positive call on Monday and a steady move up as it is clear the bottom is now behind them. No risk at these levels, with a chance to double up over the next 6 months. Name change to Hipcricket and announcement of new contracts will move this along quickly. Good luck.
They released a 10k about lease relief. Between NYC and FL they should easily save more than $1million annually.
The head fake is my take as well. Has anyone provided a credible correlation of estimated PPS to damages awarded?
Given the huge short position, it would not surprise me to see alot of manipulation in an attempt to create a selling stampede. This stock will be played like nobody's business until some real news comes out.
Interesting that Inuvo released an early peek at 4q with revenues 5% over an outstanding 3q. They are clearing the books with Corrao/CEO severance and the Clearwater lease ending in November 2013 instead of September 2015. These are moves companies often make when they are setting up to close a sale. I suspect they may have a buyer lined up . A larger Internet search or multi media company could easily absorb the company's products, expand them and run them very profitably absent of a big chunk of current expense, probably turn a profit of $5 to $8 million and substantially more as profit margins are 90% + on incremental business. It is the perfect time for a buyer with this capability. Should be interesting to see what happens from here.
I put a detailed post on Yahoo mb earlier. Bottom line: he has been a big shareholder and I have no doubt that his presence on the board is for one purpose, closing a deal. The big shareholders cannot get out of an illiquid microcap, so they will get a deal done in the next 6 months. Howe Morgan, Terrell all ave big stakes and don't want their capital tied up indefinitely , so this will happen, my guess they will seek 50 million, roughly $2 per share.
Submission of the plan is perfunctory, and then its almost a full year in order to meet the requirements. Based on the 3rd and 4th quarter performance, they should be well on their way. I agree that they need to communicate something soon about anything. But I continue to believe something is afoot to have such complete silence.
Bargainmatch traffic thru November on Quantcast, expect big 4q numbers, . No response from company 's investor relations (CFO), tried twice in past two weeks. Something is up.
I noticed that a very similar alias is being used on the Yahoo Finance Board, motthepupil versus moththepupil, pseudonym or imposter, as the messages appear to be dissimilar?
A perfect storm scenario here now, a depressed stock with a history of underperforming merges with another small company and now appears to have caught lightening in a model that dramatically increases retention, revenues and margins on decreasing ad expense. Third quarter numbers confirm direction is up, up, up. Fourth quarter always their strongest, and since 3q results, greater exposure to Google to increase revs more than previously anticipated.
Now this patent info comes out, and you can still buy shares for under 1.20. I added more yesterday, what a deal and what a story. Hey Mott how do you know so much about this patent? Thanks for the info.