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No one one knows anything about the debt other then a few things..
Company was working on paying it off before they went "dark".
Company owed $5.8 and now its down to $3.5 from what we know, and what is from 6 months ago.
Then it would be nice if others post DD as well then... Not just the usual folks.
I see very few posting DD... very few...
I am sure it's old and it has already been talked about.
No, Do some DD on it and you will have your answer. I have mine already.
dude ppl come and go.. Go look at linkedin and check it out.
Shazia Ahmad
Manager of Financial Planning & Analysis
New York, New York Media Production
Current
Manager of Financial Planning & Analysis
Atrinsic Media
July 2010 – Present (1 year 11 months)
• Generate monthly and quarterly P&L, Cash Flow Forecast, and Capital Budget.
• Provide in depth variance analysis, analytical insight, and strategic analysis.
• Assemble and prepare forecasts, analyze trend in sales, COGS, SG&A, and product profitability.
• Update and utilize key performance indicators for Kazaa financial statistics and online metrics.
• Develop and manage complex financial models for forecasting and budgetary needs.
• Prepare consistent and transparent reporting to support decision making for Senior Management
• Ad Hoc reporting/analysis as requested
The company has 4 or 5 that are involved in accounting and finance.
Justin Flayer
Manager of Financial Planning & Analysis
New York, New York Online Media
Current
Manager of Financial Reporting & Analysis
Atrinsic
Public Company; 51-200 employees; ATRN; Online Media industry
April 2009 – Present (3 years 2 months)
• Generate monthly and quarterly P&L, Cash Flow Forecast, and Capital Budget.
• Provide in depth variance analysis, analytical insight, and strategic analysis
• Assemble and prepare forecasts, analyze trend in sales, COGS, SG&A, and product profitability.
• Provide in depth variance analysis, analytical insight, and strategic analysis for each business unit.
• Develop a payroll budget and provide employee staff utilization reports.
• Develop and manage complex financial models for forecating and budgetary needs.
• Assist in the compliance of NASDAQ and SEC filings.
• Prepare consistent and transparent reporting to support decision making for Senior Management
• Ad Hoc reporting/analysis as requested.
Specialties
Affiliate Marketing, Search Engine Marketing, Brand Protection, Search Engine Optimization, Social Media
WHY HIRE ANOTHER GUY LIKE CRAIG CAMPBELL TO COME IN AS A CONSULTANT?
Old news, Most check linkedin every week...
Blu Ecigs The Leading Electronic Cigarette Company Acquired By Lorillard
Charlotte NC, Wednesday April 25th, 2012 – blu ecigs is extremely proud and excited to announce today our acquisition by one of the largest and oldest companies in America, Lorillard, Inc. Lorillard, through its Lorillard Tobacco Company subsidiary, is the third-largest manufacturer of cigarettes in the U.S and has a long and proud tradition that will compliment the passion of blu ecigs in the emerging electronic cigarette category.
“This is a very exciting move for me and my team. I am particularly excited about what this means for the brand and our customers. It gives us access to the tremendously experienced team and resources at Lorillard and will allow us to move to the next level on our expansion and product development. I’m happy to say that now as part of Lorillard, blu ecigs will be able to deliver an even greater level of quality and innovation to its customers that they have come to expect from blu. I can’t wait to get started on this next phase and to see the response from our amazing customers.” Jason Healy, President and co-founder of blu.
In conjunction with this announcement everyone at blu would like to extend a huge thank you to all of our customers for their outstanding support and loyalty to a brand we are so proud to represent. We can’t wait to serve you in the future as we continue to grow and unveil new products and services.
From an operational point of view, it will be business as usual for our customers, retailers and other partners through a normal transitional period. Following this transition, we look forward to expanded distribution capabilities that will be communicated in the near future.
About Lorillard, Inc.
Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the U.S. Newport, Lorillard’s flagship menthol-flavored premium cigarette brand, is the top selling menthol and second largest selling cigarette in the U.S. In addition to Newport, the Lorillard product line has four additional brand families marketed under the Kent, True, Maverick and Old Gold brand names. These five brands include 43 different product offerings which vary in price, taste, flavor, length and packaging. Lorillard maintains its headquarters and manufactures all of its products in Greensboro, North Carolina.
About blu ecigs:
blu ecigs is the best-selling electronic cigarette brand, with the look and feel of traditional cigarettes – without the tobacco smoke, ash, or smell. blu ecigs offers a realistic recreational alternative to smoking – creating a vapor “puff” that evaporates within seconds. blu ecigs are available in convenient disposables or rechargeable packs for regular use, with or without nicotine and in a variety of flavors. blu ecigs is the market leader in providing innovative technology for an improved consumer experience that enhances the enjoyment and social aspect of e-cigarettes. blu ecigs is based in Charlotte, NC, and blu’s ingestible contents are made in the USA. For more, visit www.blucigs.com.
For any further information or comment please email us at info@blucigs.com or visit our facebook page facebook.com/blucigs. All press enquiries please email press@blucigs.com. For more information regarding Lorillard please visit www.lorillard.com.
Samantha has been invaluable in multiple facets in support of the blu Cigs affiliate marketing program.
First, she was personally responsible for successfully migrating all of our historical data from previous affiliate platforms all the while keeping our publishers informed.
Secondly, Samantha has been instrumental in our programs growth by personally introducing our program to major publishers where we have been able to establish meaningful business relationships.
Her on the job performance has been nothing less than stellar, Samantha has also become a close friend to many of us. We pride ourselves on our corporate values and close knit community, and in this area she truly shines.
I highly recommend Samantha in your consideration as an employee or a valued partner. She is a great person and a master of affiliate marketing.
Best Regards,
Matt Coapman
Marketing Manager | blu eCigs” May 11, 2012
Top qualities: Great Results, Expert, High Integrity
Matt Coapman
hired Samantha as a Online Affiliate Marketing in 2011
Or when 300 shareholders go on record.
that is not the point, the point is THEY HAVE AN AGREEMENT TO THE NOTE HOLDERS TO HAVE IT PAID OFF BY THE 31ST.
Showing that they can in fact pay off almost $6mil in debt in time to there noteholders is great news.
And all it takes is one piece of news to announce they have there debt paid off and this stock will be rocken again.
flippers and traders want it .03.. So far .055 is holding up. Only way we go to .03 is off a sell off.
Actually do you know how much it would cost them to have audited financials done by there firm? I would assume $xxx,xxx, that was the whole reason going dark. To save on cost from filing. I think we will be fine.
No worries partner, We are all not happy with the pps here right now....BUT like I said this new hiring by the company is very interesting and seems like a short term hire to help with the books and like his linkedin profile said
Consulting Controller
Atrinsic
Public Company; 51-200 employees; ATRN; Online Media industry
April 2012 – Present (2 months) Greater New York City Area
Manage daily finance operations, including:
- cash management;
- monthly financial close process;
- approval of journal entries; and
- financial statement preparation
Additionally,
- Assist CFO in developing short-term financial stategy for the organization; and
- Supervise Financial Analyst and Senior Accountant
The company may very well have been cutting cost the last 6 months and getting things in order to have the debt paid off by the May 31st due date. I do think we will see them come out stronger and much better cash position.
Nathan Fong and this new hire are both number guys and they both know how to improve the bottom line of a company. Folks need to understand that just because the pps is at .05 does not mean it can not go back up to .50 or whatever. SIRI is a great example and they have loads of debt. I think mistakes where made in the past and now its up to the new crew to clean up the house.
Remember all it takes is one piece of news to get this stock moving again, Shares are being held by many folks that wont sell if we get the news we are looking for.
I am waiting for the May 31st deadline to pass us by
Read please
The OTC Pink Limited Information® category also includes companies that may not be troubled, but are unwilling to meet OTC Markets Group's Guidelines for Providing Adequate Current Information. Companies in this category have limited financial information not older than six months available on the OTC Disclosure and News Service or have made required filings on the SEC's EDGAR system in the previous six months.
Once there info becomes older then 6 months they will be downgraded unless they become pink sheets current.
Remember one thing, Craig Campbell was hired 2 months ago during the "dark" period.
He states
Consulting Controller
Atrinsic
Public Company; 51-200 employees; ATRN; Online Media industry
April 2012 – Present (2 months) Greater New York City Area
Manage daily finance operations, including:
- cash management;
- monthly financial close process;
- approval of journal entries; and
- financial statement preparation
Additionally,
- Assist CFO in developing short-term financial stategy for the organization; and
- Supervise Financial Analyst and Senior Accountant
This is the risk you take when investing. I said a few months ago to be ready for a long dark period of no news. The pps should not surprise you nor anyone else.
WHO FREKEN CARESSSSSSSSSSS, LOOK ALL AROUND THE WEB IT DOES NOT TALK ABOUT IT... HE WAS ON THE BOD MORE THEN A CEO. DUDE HE WAS CEO FOR A SMALL PERIOD OF TIME. END OF STORY
LOL WOW.....
I never said we will get news, I am waiting for that day to come to SEE if we do get news. Lets not confuse May 31st with just a debt payment..
May 31t is the DEADLINE to have the debt paid off... If it's not paid off by then......IMO the company went dark and has saved at least 500k by doing so, along with having financials audited had to save another 100k or so...
At this point we can not rule anything in or out.. All we can do is do DD and try to put things together, time will tell imo... I am waiting for May 31st... that date imo is the most important date to us shareholders. being a debt free company with 40mil in revenue makes this company worth at least .50+
No one here knows the outcome of this story.
That is the interesting part... I think they are going public now and maybe wanted to announce it. I have no idea.
Aaron Baker
EVP Atrinsic Interactive at Atrinsic
Recently changed his LinkedIn and only shows ATRN stuff nothing else. Does not show any more west point stuff or his twitter handle.
President
He was CEO of ATRN, when he left he stayed on the BOD.
Yes since Jan. Why did they take almost 5 months to announce this....
Maybe his work is indeed FINALLY done with atrn....
Fullbridge, Inc. Names Stuart Goldfarb President
Why announce it just a few days ago?
Press Release: Fullbridge, Inc. – Mon, Apr 23, 2012 11:54 AM EDT
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=RTL:IX&sid=asgOrBpEGiJ0
You should never base your investment on what others say... Do your own DD even the DD that is posted should always be looked at.
Bing and Facebook...
https://twitter.com/#!/davidrifkin
http://www.nytimes.com/2012/05/11/technology/bing-search-engine-to-be-revamped-as-war-against-google-intensifies.html?_r=1&smid=tw-share
Chris Copeland ? @C2Next
Bing to Be Revamped in War for Search Engine Supremacy http://nyti.ms/JZFkMT
Retweeted by David Rifkin
Microsoft Bing deepens Facebook ties, challenges Google with new 'social sidebar'
Microsoft Thursday previewed a new version of its Bing search engine, with elements including a “social sidebar” that lets users quickly tap the knowledge of their Facebook friends for advice and information related to a search — getting new insights on everything from restaurants to travel spots.
The overhaul is Microsoft’s latest effort to leverage its Facebook partnership to chip away at Google’s dominance of the search market. Microsoft is a minority owner of the social network. (Msnbc.com is a joint venture of Microsoft and NBC Universal.)
The new sidebar will also work in conjunction with other social networks, including Twitter, Google Plus and Quora, to help Bing users find experts in particular subjects.
Read more at the link below.
http://www.gadgetbox.msnbc.msn.com/technology/gadgetbox/microsoft-bing-deepens-facebook-ties-challenges-google-new-social-sidebar-764985
that is because someone knowns something and is buying.... look back when the PR's come out and we see buying before then and then dumping after.
I found it on Facebook.
It's a real pic, I am the one who found it a few months ago.