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DUH...
Just checked out the Punch TV Network website, and of course, Static is listed on there, AS OF YESTERDAY! Is this news to anyone else? Maybe I'm behind the curve here, but haven't seen it mentioned before...
Check out the website: http://my.punchtv.net/
Any thoughts?
Punch TV + Static?
From Facebook:
"Our good friends Obba and Miguel are doing two new amazing talk shows on Punch TV which is in 50 million households. Punch TV is a success story in progress. Just one year ago the network was in only 4 million households. You can see clips of both shows here... http://my.punchtv.net/ I think this new Television Network and its fall line up will surprise you. :)
-Notice, the last bit... "it's fall line up will surprise you." Wouldn't surprise me if Static made this network. I don't know much about the Punch TV network, but do know that it could be a source of consistent revenue if they brought on Static to the line up this fall.
Just speculating...
What do you guys think?
Keep spreading the word and building the chatter. Hopefully we can keep it up on the breakout boards and ticker buzz cloud to attract more new faces.
GO $ICPA!!!
ICPA - Breakout Imminent!
Small company with tons of potential and planning to release BIG news on the 20th.
$ICPA!!
ICPA - Breakout Imminent!
Small company with tons of potential and planning to release BIG news on the 20th.
$ICPA!!
Thank you Admins for helping to keep this board clean! GO TECO!
Thanks for the chart and some TA. GO TECO!
BYE BYE .07!!!
GO TECO!
Hope for a nice move today. Chart lookin' good, RSI reset. We need some good PR!
Shannon, by "loose" do you mean buying more shares?
Not worried. We're all just basing our predictions on our own opinions. Let's just see how it plays out tomorrow.
by DEFCON 4 you mean a good thing? sorry i'm in the military, and that usually means a bad thing...
Completely agree. If you sold and made money, more power to you (any gain is a positive thing), but there's plenty more to be made (maybe not immediately, but gradually). Today was good in that it shook out the weak hands. Happens all the time with stocks on the uptrend.
Please don't forget about this...
The Dilution Rumor - PLEASE READ IF YOU WERE WONDERING
I normally don't post, but couldn't resist...
The Myth: Shares outstanding went from appx. 11 million in September to 22.1 million in December = therefore the value of the company's shares are diluted which will drive down the PPS because the company hasn't created additional value.
My Two Cents:
According the NOTES in their quarterly financial statements ended September 30, 2011...
"Total shares outstanding as of November 21, 2011 was 15,699,908." - The company issued approximately 4 million additional shares (above the original 11 million+) of common stock to cover debts after the statements were finalized, and listed them in the notes (Note 13). Dilution? ehhhh, a slight amount, but ultimately doing this reduces short/long term liabilities, frees up cash for operations, and increases shareholders' equity. Any previous amount of dilution is also accounted for in their Consoldiated Statement of Operations as "Basic and diluted income (loss) per share", which for the quarter ended September 30th, 2011, was -.14.
So what about the other 7 million (or so) shares? IT MUST MEAN DILUTION!?!? Honestly, until we see the quarterly financial statements for the quarter ended December 31st, 2011, we can't say 100%.
Here's what I think... according to the notes on the financial statements for the quarter ended September 30th, 2011...
"On November 7, 2011, the Company signed a letter of intent to acquire the music assets of David Michery for 10,000,000 shares of preferred stock subject to due diligence and Board approval." (Which we know has already happened).
For all we know, the additional "Shares Outstanding" in the 8K (notice they don't specify COMMON STOCK vs. PREFERRED STOCK, yes, preferred stock can be outstanding) listed as of December 31st, 2011 may be the result of this exchange, which certainly would not dilute shares of common stock issued and outstanding UNLESS they were converted to common stock, which probably is not the case (why would you convert preferred stock when it pays GAURANTEED dividends AND may give right to assets in the case of liquidation?).
Let's wait for the next quarter's financials before we jump to conclusions of dilution... PLEASE. And if you don't understand financial statements, there's plenty of resources out there to learn, if you didn't go to school for accounting.
Bottom Line (IMHO): I do believe that the company has less than 17 million shares outstanding of common stock, and the additional OS reporting in the 8K (22 million total) includes the preferred stock.
I know, sorry, I just couldn't help but laugh at Pete's comment...
bwahahahahaha!
No problem :). I just want to make sure people are accurately informed to try and reduce the amount of rumors floating around out there, especially ones that are bashing this stock.
10-Q for QTR ended December 31st, 2011 is coming out in mid-April, according to MSN money. Not a big deal, would've liked it sooner. Hopefully they release some estimates prior to.
The Dilution Rumor - PLEASE READ IF YOU WERE WONDERING
I normally don't post, but couldn't resist...
The Myth: Shares outstanding went from appx. 11 million in September to 22.1 million in December = therefore the value of the company's shares are diluted which will drive down the PPS because the company hasn't created additional value.
My Two Cents:
According the NOTES in their quarterly financial statements ended September 30, 2011...
"Total shares outstanding as of November 21, 2011 was 15,699,908." - The company issued approximately 4 million additional shares of common stock to cover debts after the statements were finalized, and listed them in the notes (Note 13). Dilution? ehhhh, a slight amount, but ultimately doing this reduces liabities/bad debt expenses and increases shareholders' equity. Any previous amount of dilution is also accounted for in their Consoldiated Statement of Operations as "Basic and diluted income (loss) per share", which for the quarter ended September 30th, 2011, was -.14.
So what about the other 7 million (or so) shares? IT MUST MEAN DILUTION!?!? Honestly, until we see the quarterly financial statements for the quarter ended December 31st, 2011, we can't say 100%.
Here's what I think... according to the notes on the financial statements for the quarter ended September 30th, 2011...
"On November 7, 2011, the Company signed a letter of intent to acquire the music assets of David Michery for 10,000,000 shares of preferred stock subject to due diligence and Board approval." (Which we know has already happened).
For all we know, the additional "Shares Outstanding" in the 8K (notice they don't specify COMMON STOCK vs. PREFERRED STOCK, yes, preferred stock can be outstanding) listed as of December 31st, 2011 may be the result of this exchange, which certainly would not dilute shares of common stock issued and outstanding UNLESS they were converted to common stock, which probably is not the case (why would you convert preferred stock when it pays GAURANTEED dividends AND may give right to assets in the case of liquidation?).
Let's wait for the next quarter's financials before we jump to conclusions of dilution... PLEASE. And if you don't understand financial statements, there's plenty of resources out there to learn, if you didn't go to school for accounting. IMHO!!
Any advice from the pros?
The yahoo boards are ridiculous, with everyone claiming that the sky is falling on FTWR (from BK to claiming that their office is basically abandonded... riiiight). I'm holding onto about 40,000 shares and waiting. Where do we see the next big support/resistance, and do you think it's possible to fill the 11/16 gap by the end of this week?
Had a rough night rough night last night (too many crown & cokes), woke up late this morning, and saw I missed a nice gain on FTWR :(. Figured, oh well, buy in at .31 and still make a small gain, and WHAT THE HELL IS HAPPENING (in a good way!). Did I miss some PR?