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Don't think it's going anywhere until they let it.
See that big sale at .62? They're trying their best to keep it down!
68k buy at open .61 then they drop it down... but... Alot of green going through!
Maybe we'll see a buyout from EA so they can get THQI's development talent?
http://www.hollywoodreporter.com/news/electronic-arts-worst-company-america-308302
Electronic Arts Named Worst Company in America
2:47 PM PDT 4/7/2012 by John Gaudiosi
Video game publisher beats out Bank of America, AT&T, Comcast and Best Buy in annual bracket-style contest hosted by Consumerist.com.
With March Madness now over, Electronic Arts just won the type of college basketball-style tournament that no company wants to be associated with. EA was voted the worst company in America by Consumerist.com. The consumer site is published by Consumer Media LLC, a not-for-profit subsidiary of Consumer Reports, and takes no outside advertising.
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The game publisher, which is best known for its Madden NFL, FIFA Soccer and the just-released Tiger Woods PGA Tour 13 games, was hammered by fans for its recent Mass Effect 3 game to claim this year’s 2012 grand championship title. EA overtook Sony, Best Buy, Comcast and finally Bank of America to claim the crown.
A portion of gamers have been up in arms since the third game in the Mass Effect science fiction trilogy was released with an ending that didn’t serve closure in fans’ opinions. As a result, this small but vocal group, which has been extremely active online for weeks, set out to push the game-maker past real corporate villains like Bank of America, which was involved in the mortgage crisis.
Over its three-week run, the seventh annual Worst Company in America tournament drew more than 260,000 total votes, setting yet another contest record, from people fed up with the poor consumer policies of the 32 companies nominated from a range of industries, including airlines, telecommunications, retailers, financial institutes and more. Gamers drove the final vote to a tournament record 50,575 total submissions.
"We're sure that bank presidents, oil, tobacco and weapons companies are all relieved they weren't on the list this year,” said Electronic Arts spokesman John Reseburg. “We're going to continue making award-winning games and services played by more than 300 million people worldwide."
EA has sold 2.8 million of the 3.5 million copies of Mass Effect 3 that the company shipped worldwide, according to Michael Pachter, videogame analyst, Wedbush Morgan Securities.
While last year’s winner, BP, narrowly beat out rival Bank of America in 2011, this year EA easily claimed the prestigious Golden Poo Award, a statuette modeled after a pile of poo, with 64 percent of the votes.
Both Bank of America and EA drew consumer ire for their poorly-received practices of swallowing up smaller competitors and nickel-and-diming customers with up-charges and fees, but EA’s success in this year’s tournament shines a spotlight on an industry that is often considered ignored by regulators, courts and the mainstream media.
"Some may look down their noses at the idea of voters picking a video game publisher as the Worst Company In America, but that is the exact kind of attitude that has allowed EA and its ilk to nickel and dime devoted customers for a decade,” said Chris Morran, deputy editor of Consumerist.com. “This is not just a few people complaining about bad games; this vote represents a large group of consumers who have grown sick and tired of being ignored and taken advantage of."
Although Bank of America wasn’t able to clinch the top honor in this year’s competition, it did earn its second consecutive Silver Poo Award. This year, Consumerist.com also awarded its first-ever Bronze Poo Award to AT&T, which beat out Walmart for the third-place spot in the tournament.
What impact the Mass Effect backlash will have on the movie in development at Legendary Entertainment remains to be seen. EA-owned developer BioWare is working with Arad Productions and screenwriter Mark Protosevich on a script for the sci-fi film.
Electronic Arts-owned developer BioWare is releasing a free downloadable "extended cut" of Mass Effect 3 with a new ending this summer in an attempt to keep its fan base happy. That good will gesture comes too late to impact its current title of worst company In America.
7 mil and we close green! At the very least it's better than what they've been doing to us which is knocking it lower & lower
I think we're going to blow through 5 mil volume... I'm thinking about 7 mil today!
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http://www.cinemablend.com/games/Which-Studio-Could-EA-Buyout-Next-Obsidian-THQ-Rockstar-Or-CD-Projekt-41028.html
Rumors of a buyout have kicked into high gear ever since the alleged marketer purportedly came clean about his work for EA. A lot of what was detailed in his post was very interesting, and a lot of the information at least lined up. Meaning that if he were trolling he did enough homework and enough actual work (and spending his own money to give away games on Origin) to basically turn his troll into a legitimate job. Alternatively, it actually could have been his job.
Anyways, according to the confessions of the EA viral marketer, his boss slightly alluded to EA being on the prowl for a fan-favorite company, saying "EA's going to buyout another firm soon and a lot of people won't be happy about it."
It's complete speculation and hearsay, however it's not unlikely. Also, keep in mind that EA's main goal is be the number one in the world and that means beating out Activision with something hard hitting enough to further eat into the market share value of Call of Duty. And as we all know, EA had said it themselves that Battlefield 3 was the first step in eating into CoD's market value, and they plan to continue the assault until Call of Duty dies.
First and foremost, we all know Valve is off the table, they're worth more than EA can afford at an estimated $4 billion according to Hooked Gamers. Now for those who read about the comments from the ex-viral marketer, they've mostly jumped to the speculation train that THQ's financial woes make them a prime target for EA...or rather, THQ's assets. NeoGaf has a lengthy discussion about Volition, Vigil or Relic Entertainment being prime suspects for EA. This carries some weight given that Vigil's upcoming DarkSiders 2 is already being pegged as a potential unit-mover, and of course, Volition Software's Saints Row franchise could help put EA back in the running within the open-world market, competing against Activision's Protoype and Take-Two's Grand Theft Auto. The only reason all THQ's high-profile, core assets may be off the table is because the company's financial bleeding came from poor casual and social game sales, not their core sales. In fact, Saints Row: The Third and WWE 12 are what saved them in 2011, so it's highly unlikely that the company would sell off assets that could keep them afloat......
Continue on website
Almost everything in my account has been red past 2 days - Not just IGXT! :(
No, putting a limit order would not keep your broker from loaning shares out... And like said in next post, this is not shorted, just had bad Investor Relations!
74.7k buy at .63 just a few minutes ago
245k selling at .66 - What ya wanna bet we get close to hitting .66 those sales disappear?
I'll take the 2-3% per day til they get their shorts covered... NO biggie to me as not looking for a buck tomorrow!
They better get covered before others decide to start buying in here in bulk... Shorty would BURN
Think it's gonna be a lot sooner than that... See that big sale (or should I say SALES) keep moving up the ladder? It's only there to try to scare people into selling off. We're GOING UP
Big buys today probably shorts covering... Close above .66 and we're golden
News for 'ESPI' - (ESP Resources, Inc. Reports Record 2011 Annual and Fourth Quarter Financial Results; Revenue Up 103%; Gross Margin Rises to 52%)
SCOTT, La., Mar 21, 2012 (GlobeNewswire via COMTEX) -- ESP Resources, Inc.
(OTCBB:ESPI) (the "Company" or "ESP Resources"), an oil and gas services company
offering analytical services and essential custom-blended oil and gas well
chemicals which improve production yields and overall efficiencies, today
announced the Company's financial results for the year and three months ended
December 31, 2011.
Mr. David Dugas, President of ESP Resources, Inc., commented, "2011 was marked
by an expansion in our sales coverage and a significant increase in our sales
growth, coupled with continued focus on improving margins and building out our
infrastructure to accommodate our current and future customers. We effectively
doubled our sales volume for both the full year and fourth quarter of 2011 as
well as modestly increased margins, as compared to 2010 periods. We saw
increased demand for our beneficial and cost-saving petrochemical products and
services and anticipate that demand will continue to grow."
Mr. Dugas continued, "While we are not providing financial guidance at this
time, we are confident that we will continue to grow sales, reduce cost, improve
efficiencies and overall, bring a greater value to our shareholders. We look
forward to updating the investment community on our progress throughout 2012."
Year Ended December 31, 2011
Revenue was $11,132,243, as compared to $5,477,359 for the same period in 2010,
representing an increase of $5,654,884, or 103%. The increase was due to several
factors including an expanded customer base in the Southern Louisiana, South
Texas, Southeastern Texas and Arkansas regions and an increase in sales volume
as a result of heightened demand for petrochemical sales and services to
customers engaged in the hydraulic fracturing of oil and gas wells. In addition,
the Company increased revenue to several of its existing customers through
supply of additional production petrochemical products at its existing customer
well-sites.
Gross profit as a percentage of revenue, or gross margin, was 52%, as compared
to 51% for the same period in 2010, representing an increase of 1%. The slight
increase in gross margin was a result of an increase in purchases of certain raw
materials used in the Company's operations which reduced cost on a per unit
basis, resulting in an overall reduction in the Company's service delivery cost.
In addition, gross margin was higher for certain petrochemical components used
to service the Company's customers engaged in the hydraulic fracturing of oil
and gas wells, as compared to other products. These certain petrochemical
components made up a greater percentage of sales in 2011, as compared to the
same period in 2010.
Operating expenses, net of amortization and depreciation and other impairment
charges, increased by $4,505,839, or 102% for the year, as compared to the same
period in 2010. The increase in expenses for the year is primarily due to
non-cash stock and stock-based compensation, as well as the expansion of the
Company's operating personnel from 22 to 43 employees and the cost of
international business development of $377,600 that the Company spent on
evaluating and developing certain international opportunities. In addition, the
Company opened one new district operating office in Victoria, TX.
Net loss increased to ($4,325,514), as compared to ($2,271,780) in 2010. Aside
from the Company's operational expenses, also contributing to the loss for the
year were impairment charges relating to certain non-core assets totaling
approximately $189,000 and certain interest and financing costs totaling
approximately $400,000. Modified Earnings before interest, taxes, depreciation,
amortization and stock-based compensation ("Modified EBITDA") are a non-GAAP
financial measure. On a Modified EBITDA basis, the Company's loss was
($381,901), as compared to ($440,696) for the respective period in 2010.
Three Months Ended December 31, 2011
Revenue was $3,596,504, as compared to $1,849,387 for the same period in 2010,
an increase of $1,747,117, or 94%. The increase was due to expanded sales
coverage in each of the Company's districts as well as increased sales volume
from the addition of petrochemical sales and services to customers engaged in
the hydraulic fracturing of oil and gas wells. In addition, the Company
increased revenue to several of its existing customers through supply of
additional production petrochemical products at its existing customer
well-sites.
Gross profit as a percentage of revenue, or gross margin, was 52%, as compared
to 46% for the same period in 2010, representing an increase of 6%. The increase
in gross margin was a result of increased sales for certain petrochemical
components used to service the Company's customers engaged in the hydraulic
fracturing of oil and gas wells, which have a higher gross margin than other
petrochemical products. This service was not offered in the same period in 2010.
Operating expenses, net of amortization and depreciation and other impairment
charges, increased by $1,716,763, or 136% for the quarter, as compared to the
same period in 2010. The increase was primarily due to certain non-cash stock
and stock-based compensation for the quarter. In addition, the Company incurred
additional operating expenses from the expansion in the Company's operating
personnel from 35 to 43 employees and for the cost of international business
development of $151,331 in evaluating and developing certain international
opportunities.
Net loss increased to ($1,575,214), as compared to ($534,407) for the same
period of 2010. Aside from the Company's operational expenses, also contributing
to the loss for the quarter were impairment charges relating to certain non-core
assets totaling approximately $189,000 and certain interest and financing costs
totaling approximately $131,000. On a Modified EBITDA basis, the Company earned
$60,944, as compared to $190,029 for the respective period in 2010.
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly-traded (OTCBB:ESPI) oil and gas services
company offering analytical services and essential custom-blended oil and gas
well chemicals which improve production yields and overall efficiencies. Through
its wholly owned subsidiary, ESP Petrochemicals, Inc., the Company distributes
its product line throughout the oil and gas producing regions of Louisiana,
Texas, Mississippi, Alabama, Arkansas and Oklahoma. The Company's senior
management has over 100 years of combined operating experience in the
petrochemical industry. Any reference herein to "ESP Resources", the "Company",
"we", "our" or "us" is intended to mean ESP Resources, Inc., including the
wholly-owned subsidiary indicated above, unless otherwise indicated. More
information is available on the Company's Website at www.espchem.com.
Legal Notice Regarding Forward-Looking Statements:
This press release contains "forward looking statements" within the meaning of
the safe harbor provisions of the U.S. Private Securities Litigation Reform Act
of 1995. Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties.
Forward-looking statements are based on current facts and analyses and other
information that are based on forecasts of future results, estimates of amounts
not yet determined and assumptions of management. Forward looking statements are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "aims",
"potential", "goal", "objective", "prospective", and similar expressions or that
events or conditions "will", "would", "may", "can", "could" or "should" occur.
Actual results may differ materially from those currently anticipated due to a
number of factors beyond the reasonable control of the Company. It is important
to note that actual outcomes and actual results could differ materially from
those in such forward-looking statements.
Readers are cautioned not to place undue reliance on the forward-looking
statements made in this press release. In evaluating these statements, you
should consider the risks discussed, from time to time, in the reports we file
with the U.S. Securities & Exchange Commission. For a discussion of some of the
risks and important factors that could affect the Company's future results and
financial condition, see the Company's Form 10-Ks and 10-Qs on file with the
U.S. Securities & Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: ESP Resources, Inc.
By Staff
CONTACT: CONTACT: Howard Gostfrand
American Capital Ventures
(3050 918-7000
info@amcapventures.com
www.amcapventures.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: OIL
ENERGY
EARNINGS
Earnings Releases and Operating Results
Source: Comtex Wall Street News
That "sale" with 100k shares now jumped up to .65 ask... Guess they're getting scared the .64's are going to be hit soon!
WOW... Look at L2 on the ask side
almost 80k at .63
over 150k at .64
over 100k at .65
And yet look at the bid side? Minimal bids showing up, but it isn't moving down either... Every sale is sucked up and the bid price is climbing slowly!
and yet I bet .64 started getting hit that 150k would be pulled quick! They aren't trying to sell, they're trying to scare others into selling!
I say a couple more weeks, they're still very very short on this and haven't covered near enough yet. Still, couple more weeks to double my money isn't anything to be concerned about
They're still trying to hold it down to cover - give it some time and we'll be in Dollarland!
If they had a big partner offering ice cream and cake they wouldn't be diluting their shareholders by 30% just to stay in biz another month or two and having fired anyone outside of those at the top collecting the fat paychecks.
Sorry to say, but at one time I felt this had great potential (around .60), but anymore I think it's just another POS that will suck everything possible out of shareholders before the company does the BK thing, wiping out shareholders and leaving the company and assets to those that sucked it dry to begin with...
They can call it whatever they want its outright pure manipulation...
835k going off... there weren't enough bids on there to support 835kfor on top of the rest of trading today. See how quickly during strong buys they took it down to to .57, only to go right back up before throwout big fiasco at the end. The bids were not there to support 835k835kfor shares going off.
What really matters is the consolidation and price appreciation. Notice even though that supposed 835k sales we ended above yesterday and the open? There are alot of shares short here and they want to manipulate this to cover before they let it move! Those with big money can do quite a lot of manipulation
Holy crap... see that 835k trade? That has to be a short cover - can't figure out how they got it from .61 at the end to .58 835k share trade at 4:00. Oh well, they need to cover and we can finally move UP. (close higher today than yesterday with strong volume at EOD)
Wow... look at the trading here, they're trying to hold it down from closing higher!
10 minutes to close and all of the sudden drops from over .60 to .57 on low volume. Someone is trying hard to keep this from moving!
Still a lot of shares short -and they aren't going to let this move until either they get covered or something forces a cover!
They easily have until June to get back over $1 for 10 days, if they don't do it by then they can get another 6 months...
There have been other stocks such as Kerx which at one time was "to be delisted" as I bought it at .39 and sold for $3.70 and look at it now. Don't come in here trying to cause mass panic just to get your shares at under .50! Buy in now and you'll still make money. And if you don't own, why come in here running your mouth about a company you know nothing about
(by the way, short interest here is 20% - how many stocks out there do you see with 20% short able to keep their value up?)
No.. they can't afford to!
I can't believe this, the CMO & CEO are getting around $1.3 mil/year while their biz flounders? Lost $87 million since inception? Signing a multi-year lease and expanding space without even having a phase 3 product? What is wrong with these people?
Maybe, just maybe they can buy even more "failed" banks and increase the dividend to .40/share? Must be rough buying $300 billion in assets for $1.7!
Of course for a couple years ya gotta make it look good, then watch out for the dividends/bonuses/buybacks!
Woohoo... They diluted another 28 million shares into the OS for a whopping $430k. I guess that will pay executive salaries for about what, 2 weeks? What are they gonna do then, another 28 million in shares for a weeks worth of wages? They'd have been better off searching for a partner before and stayed on the Nasdaq rather than just falling off weeks in advance of when they needed to have value shown
Eh, maybe they can just drop back to the pinkie market and fit right in...
Mar 13, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Bionovo, Inc.,
a US-based drug discovery and development company, has entered into a securities
purchase agreement with investors to purchase an aggregate of 14.23 million
shares of its common stock. The aggregate purchase price for the common shares
is approximately $0.43 million.
Pursuant to the agreement, each Investor will receive a warrant exercisable into
share. The warrants shall be exercisable into an aggregate of 11,485,844 shares
at an exercise price of $0.03 per share. The Warrants expire on March 30, 2012.
Deal Value (US$ Million) 0.43
Deal Type Private Placement
Sub-Category None
Deal Status Announced: 2012-03-12
Deal Participants
Target (Company) Bionovo, Inc.
Acquirer (Company) Undisclosed Investors*
Right now we just have the shorts keeping it down so they can cover causing issues with the share price...
I'd like to see any shorts have to cover within 14 days on any stock, that would keep the 20% of OS short from being able to kill a share price!
Well, the company is getting money, the execs are getting paid.... its the shareholders who are losing out!
Company should have provided better guidance 6 months ago and may've they'd still be at $.60/share! They caused this, not investors
Well, the company is getting money, the execs are getting paid.... its the shareholders who are losing out!
Company should have provided better guidance 6 months ago and may've they'd still be at $.60/share! They caused this, not investors
I look for it to continue going up slowly, but I don't see 30% gains - too many shorts with big $$$ still here and they wouldn't let it go that high that quick
Although, right about now would be an excellent time for them to come out with a nice PR stating "We've had record sales and sold more copies of our UFC 3 in the first month than we've ever sold of any game" and some guidance on the closings, cost savings expected, etc... A nice fat juicy PR right now is what's needed... Burn Shorty Burn
They're selling so many shares and warrants at 1/4 the price it's been trading at so I'd bet the OS is definitely going to be going up... You can't believe the company bought back shares at .12 to sell at .03 can you?
I look for them to get going on phase 3 of menerba, then filing bk - wipe out shareholders and then find a partner... they haven't done anything right with this so far, why change now?
Doubt it... They wouldn't be diluting it to death if there was a buyout option!
Huge short position still in THQI - almost 20% of the OS currently SHORT. They should have covered!
I don't remember anything about shareholder value in their PR's a couple weeks ago! Glad I sold out then though...
They sold out shareholders to make a few bucks themselves - it happens
THQI on the runway ready for takeoff... Burn shorty burn! Still > 13 mil short out of 68 mil OS
Just purchased more this morning
Stick a fork in it... I may re-buy after the reverse split and 75% loss following it
I agree... but they better hurry to get out with a profit!
News is good to save $$$, but it's something they should have done a year ago when the stock was trading at .60+, rather than wait until the company is in extreme serious financial trouble and deciding "now is the time" to cut salaries. Definitely not looking good here in the near term unless there is some freak random act
Bionovo Restructures Work Force Management Compensation Restructured
Bionovo (QB) (USOTC:BNVI)
Intraday Stock Chart
Today : Saturday 10 March 2012
Bionovo, Inc. (OTC Link Platform: BNVI.PK) today announced that it will need to obtain substantial additional funding to achieve its objectives of internally developing drugs. The Company reduced its workforce by over 90%. The remaining management of the Company will receive reduced cash compensation until either adequate financing can be obtained or the Company is sold. The Company can not make any assurances about either of these events. As previously announced, management and the board of directors are continuing to explore strategic options for the Company. Management is currently reviewing the status of the ongoing clinical trial for Menerba.
The Company does not currently have adequate internal liquidity to meet its cash needs. If sufficient additional funds are not received in the near term, the Company may not be able to execute its business plan and may need to further curtail or cease operations.
About Bionovo, Inc.Bionovo, Inc. is a pharmaceutical company focused on the discovery and development of safe and effective treatments for women's health and cancer; markets with significant unmet needs and billions in potential annual revenue. The Company applies its expertise in the biology of menopause and cancer to design new drugs derived from botanical sources which have novel mechanisms of action. Based on the results of early and mid-stage clinical trials, Bionovo believes they have discovered new classes of drug candidates within their rich pipeline with the potential to be leaders in their markets. Bionovo is headquartered in Emeryville, California and is traded on the OTCQB under the symbol, "BNVI". For more information about Bionovo and its programs, visit: http://www.bionovo.com.
Forward Looking StatementsThe statements contained in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements regarding the company's or management's expectations, hopes, beliefs, intentions, or strategies regarding future developments and their potential effects on the company. The words "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "plan," "hope" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. While the company believes the forward-looking statements contained in this press release are accurate, there are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements. There can be no assurance that future developments will be those that the company has anticipated. The forward-looking statements contained in this press release include, but are not limited to, those that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Such forward-looking statements involve known and unknown risks uncertainties, including risks and uncertainties relating to product development, efficacy and safety, regulatory actions or delays, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, physician acceptance, third party reimbursement, future capital requirements, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks, uncertainties and other factors are or will be described in greater detail in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. Bionovo, Inc. is providing the information in this press release only as of the date hereof and is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
SOURCE Bionovo, Inc.