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When I was reading the previous legal proceedings against Hill and Gravitz, my take is they made some serious mistakes, and they were caught and held accountable. But, in my research on these two, one of the things that struck me was the degree Gravitz has from the University of California Santa Barbara. Now, I suppose I could be wrong on this, but someone who completes a degree in public policy and ethics doesn't sound like someone who is motivated to lead a life of crime. Just my two cents.
Bernie... StreakTrack has more than 5000 radio stations signed up for their RadioLoyalty web-based programming. They are adding new stations all the time. I think smaller specialty programs like these will find RadioLoyalty's turnkey hosting and revenue generation model extremely attractive.
The one I want to see added is Acoustic Café... in case anyone from Streamtrack is monitoring our message board. ;)
Not a bad day for STTK on a Christmas Eve.... 3.5 million bought against 1.85 million sold. No damage done here.
Forgetting the OTC comment for a moment... I was thinking maybe Hill needed to share some sort of clarification/ information with someone, and needed to make it public in order to do so.
Who knows? That's just a guess on my part.
Yep, definitely. But, I fully expect to see these Flipping & Shorting games (Sounds like I'm cussing when I say that, doesn't it? :) played out day after day here until we have news in the form of the Q115 10Q, in January. Then we'll see where we stand, I hope.
In the meantime, accumulation continues... from out of the week hands into the strong.
Or, maybe that's from the weak stomachs into the strong stomachs... LOL!
Happy Holidays!
I'm not sure anyone can make anything out of an 11 million share day right before the Christmas Holidays. Not with this stock.
Kid... I'm 100% with you on this!
In my opinion, this can only happen if STTK finds a way to obtain debt relief. Hopefully, we'll have a better answer to that in the next 10Q.
If they have, then the company can show much improved financials. If they haven't then it's a question of whether they can achieve profitability before they run out of shares.
AIMO,
Never mind... you already answered my question in another Post... Redwood bought the Asher Notes...which makes sense from the filings and comments Hill made in a couple of emails.
So, did you buy the Asher Note?
Agreed.
In my opinion, this company is worth way more than .005. I wouldn't throw out numbers... as it basically is telling folks what you're willing to sell out at.
Pandora published their Q3 2014 results, with total revenue at $239.6 million, representing year-over-year growth of 42% and 40% on a GAAP and non-GAAP basis. This is still a growing market.
The right buyer can give Pandora a run for their money,
AIMO,
I believe the Admiral claimed he was part of a private placement that was established to pay off the toxic convertible debentures. If true, we should see that in the next 10Q.
MDuffy... you may be right. I'm in this for the long haul, until I don't see continued improvements in their quarter over quarter earnings and costs. So far, they've nailed everyone for a year now.
As for duration... maybe it will take some time. But, then again, maybe some other company, with a business strategy, client base, and marketing capabilities that fits STTK's business model, isn't willing to wait that long.
Who knows. Certainly not me. But I'm in this long.
I 100% totally agree. That's why the next 10Q, hopefully in January, is so important.
Snizzle, I'm not sure Pandora gets anything out of that, as I suspect they already do business with many of the same radio stations as RadioLoyalty. That would be an expensive way to take out a competitor. Way cheaper to hire some folks to short the company and make it difficult for STTK to find decent financing.
I'm not saying Pandora is doing that... I have no idea... but it wouldn't surprise me if I was told they were. I've seen way too many cutthroat business executives who were willing to walk a shady line, imo.
AIMO,
This is huge for a company like STTK...
LYN.... I totally agree, especially with the new product announcements demonstrating new revenues for the company, while simultaneously indicating the elimination or delaying of payments on some of their debt. These two things announced together in the next 10Q would definitely demonstrate a move toward profitability, if not profitability.
Even if we're at 600 million shares for the OS now, the current valuation at $.0007 is only 420,000. That's nothing if the big whales are convinced STTK can turn the corner on profitability.
Would some company spend $1 to $2 Billion on STTK? Well, Pandora is generating 239,593,000 in annual revenues... and they are trading at $18.03 with a Market cap of 3.73B.
In my opinion, STTK will offer a lot more value to the right company, in main part because of its TV/Movie content positioning with WatchThis when it's released.
AIMO,
This is just a theory, but I've been around business long enough to know the antics that are played. I believe there's two possible scenarios.
Scenario 1: A company, someone like Pandora, doesn't want the competition and is behind the shorting - making it difficult for STTK to get financing on decent terms.
Scenario 2: Someone/ some company wants to buy STTK on the cheap... same outcome as scenario 1, shorting the Hell out of the stock to keep the price down prior to the acquisition.
AMIO,
Add on top of that a 30 million share purchase yesterday, and a 10 Million T Trade purchase this afternoon. Were they covering their shorts? Or, does someone think this stock has enough upside to take the risk?
All I can say is... WOW!
That's an interesting scenario and question.
Still, I'm hopeful we'll see ASC Recap and Redwood debt retired, and approaching profitability. Then the sky's the limit.
So, let's see... in the scenario you present, we would see a Filing for the change... and the timing would be such that we would see two quarters of increasing revenues, perhaps with no more convertible debt.
Is that what you're implying?
Agreed... which means we haven't yet seen the revenues increases from their new Mobile platforms.
Come on Dry. No one's that naïve. If the dilution continues at that level, they will blow through the AS, and the investors will quickly leave. That's a non-sensible business strategy.
Moreover, I don't see how a company like Sichenzia Ross Friedman Ference LLP would ever be a part of that. In fact, I doubt they could retain their Designated Advisor for Disclosure (DAD) status if that's the type of advise they are giving. The whole point of the DAD advisory role is to help companies qualify for OTCQX U.S.
My guess is you're a bit short right now. I get it.
You're welcome Junebug. Merry Christmas!
I totally agree Hadouken. This is a Long's investment opportunity. And, from everything we've seen, one has to believe STTK's Q1 and Q2 filings will be spectacular from a revenue generation perspective.
As good as they were, the financials reported on the 10K go back to August 31st... nearly four months ago... before the new Mobile Platforms and strategies were launched. There's only upside here.
AIMO,
Dry... Again, ask yourself why the company would add verbiage to the 10K and agreements that allow immediate dilution by management and insiders on such a massive scale. This is clearly a "poison pill" to prevent an unwanted takeover of the company.
My guess is Sichenzia Ross Friedman Ference LLP is directing this strategy in their role as a DAD/ PAL to StreamTrack.
Sichenzia Ross Friedman Ference LLP - DAD/ PAL to StreamTrack
Dry... you totally missed the point of the restructured debt - especially those of management and original insiders. This is a Classic "Poison Pill" maneuver of the "flip-in" variety.
In other words, the shares are structured so that, in the attempt of a hostile takeover, the Management Team and insiders can buy many more shares at a huge discount... making it extremely painful for another company to come in and simply buy the company at a discount.
Hence the reason the words "convert immediately" are included in the terms. In such a case, the management and insiders can simply dilute the company unfavorably.
The more I thought about it, the more it just made since. It's clear from the 10K that the company believes they are a potential acquisition target. They just want to make sure any suitors come to the table on equal grounds, and that they (management and insiders) are compensated for the time and money they have invested in this company.
Why in the world would the management and insiders dilute the company to 6 billion shares. That makes no sense at all... as it would kill the company they have worked so hard to build, and there would be no reason to go to all the pain of have audited SEC Filings.
I know you've been down on the company since the beginning due to some of their initial dilutive financing. But, think it through Buddy. What better way to get out of it.
AIMO, of course.
Dry, despite all your nay-saying, the fact remains virtually all the debt is extended out from six months to nearly three years. This looks to me like they have gained breathing room to give their new mobile platforms time to demonstrate their ability to expand revenues and achieve profitability, not to mention the revenue upside associated with the WatchThis app when it's released.
Specifically, I believe you are misreading the statements "convertible immediately" when you are not also including the debt due dates that are included in the very same sentences, which are all still 6 months to years away.
AIMO,
The Ask is incredibly thin right now (only 10K at .0012 and it's holding). EOD now. We'll see if the MM reach deep into their pockets to fill the 3.159 million at .0011 on the bid on Monday.
Better yet, the filings are released and we reset everything on a run.
Interesting... 2 million order on the Ask at .0012 just disappeared. Think we'll see it as a T-Trade?
I totally get and agree with what you're saying. STTK's business model will be a game changer in the Cable TV industry.
Colorado here... but love parting in Vegas!
Ya! Come on with the 10K. The Long Sharks are smelling Shorty's Blood in the water.
Yep. I have to think they were testing the resilience of the sellers to stay at .0014. But, the Longs held steady.
Nice end of day though with overall buys slightly ahead of sales. Good balance actually. I think the Longs are in control right now, just waiting on the 10K.
Holy Cow! Someone orchestrated a nice After Hours trade (showing as a Buy) of 4.1 million shares at .00127. Sure glad it came in after hours though.
Hmmm... VNDM trying to suppress the end of day PPS at .0013 with a small 10K sale. Nearly 4 million shares offered right behind them at .014.
The games MMs play.
I'm with King... I fell in love with the company's business plan and technology... overlooking their debt, as I believe they can turn the corner. For me, it's always been an issue of whether they could turn the corner before their original funders could run them out of shares. I think the 10K and the upcoming 10Qs will let us know which way they are headed.
In the meantime, I kept averaging down with each dilution. So, I'm not very far out of the money.
Me too King, me too. Until death (or wealth) do us part. LOL!
Those are roughly the same numbers I was coming up with.
I sure hope the 10K bares all this out. Can you imagine the run that will happen if this company is able to show no debt, or at least no more of the toxic debt... and better yet, profitability?