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Imagine debt paid off May 31st... Move into new office, reduce expenses and start all over... going dark must have saved them a ton of cash.
I agree, I am very very interested in this May 31st deadline...
READ
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
They retired there OS.. How could they dilute? Going dark they had to save at least $500k
Exactly! Sooner then later....
or....If debt is paid off a very short one...Think about it and that May 31st deadline for the debt.... Maybe the company has been doing everything possible to get debt paid off and get there books under control....
Wow this guy just left his company to join Atrinsic!
Cellfish At A Glance
Over $100 million in revenues
Headquartered in New York, with an international footprint
220 world-class professionals
Over 125 partnerships with operators and media, worldwide
More than 600,000 subscribers, billed monthly
Over 100 mobile internet sites and applications
Connected to 75 mobile carriers through 10 aggregators
Delivered over 400 million billing transactions
Platform provider for the Mobile Giving Foundation
http://www.cellfishmedia.com/about/companyprofile/
Def interesting...Thank you linkedin...
This guy has a nice backround of a CFO and a VP.
Vice President
Merrill Lynch
Public Company; 10,001+ employees; BAC; Financial Services industry
February 1992 – December 2001 (9 years 11 months) Greater New York City Area
CFO | Controller
Bedford Stuyvesant Restoration Corporation
Nonprofit; 51-200 employees; Nonprofit Organization Management industry
November 2002 – April 2007 (4 years 6 months) Brooklyn, NY
Global Controller
Cellfish Media
Privately Held; 51-200 employees; Information Technology and Services industry
April 2007 – January 2012 (4 years 10 months) Greater New York City Area
The guy just left another company
Global Controller
Cellfish Media
Privately Held; 51-200 employees; Information Technology and Services industry
April 2007 – January 2012 (4 years 10 months) Greater New York City Area
Responsibilities included, but were not limited to:
- overseeing the implementation of a new finance system (NetSuite);
- managing the month-end close;
- performing the monthly consolidation of the financial statements;
- preparing the U.S. financial statements;
- managing U.S. cash (including reviewing and approving monthly bank reconciliation reports);
- acting as key liaison with banking personnel;
assisting the CFO with the analysis of monthly results;
- assisting in the preparation of presentations to the Board of Directors; and
- acting as key liaison with the external auditors for the consolidated annual audit.
Manage daily finance operations, including:
- cash management;
- monthly financial close process;
- approval of journal entries; and
- financial statement preparation
**HMM INTERESTING NEW HIRE BY THE COMPANY, HERE IS SOME NEW DD FOR EVERYONE TO SEE
Craig Campbell
Consulting Controller at Atrinsic
Greater New York City Area Information Technology and Services
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
THAT IS WHAT I CALL DD.
www.linkedin.com/in/craigpcampbell
I agree with you I am not trying to discourage anyone from doing DD, but at the same time lets all try to be a little realistic...
Item 8.01 Other Events.
On March 29, 2012, Atrinsic, Inc. announced that it will not be filing its Annual Report on Form 10-K for the fiscal year ending December 31, 2011 and will also cease filing future reports under the Securities Exchange Act of 1934, as amended. As a result of this decision, public information about the company will be limited significantly going forward. The company’s board of directors determined that it is in the best interest of the company’s stakeholders to preserve the company’s limited cash resources and therefore not to incur the costs required to prepare and file its Annual Report on Form 10-K and other reports otherwise required under the Securities Exchange Act of 1934. In connection with its decision, the company intends to file a Form 15 “Certification and Notice of Termination of Registration Under Section 12(g) of the Securities Exchange Act of 1934 or Suspension of Duty to File Reports Under Sections 13 and 15(d) of the Securities Exchange Act of 1934.”
They can still put out news via pinksheets.
Goldman is busy meeting with google that's why.
http://www.digitalsummitatmountainview.com/
I wont waste my time, because its a waste. Most of the DD I have ever posted was backed up with FACTS not my opinion. Your DD is pure opinion and your spinning it in your head that you actually believe it.
No it does not fit... YOU are making it fit....
We already know thru material info that they have until May 31st... Wonder if they have to 8k that its been paid off..
Yes its low but at this point .35 looks good :)
With them going dark we have no info other then our DD, I am very curious to know if the debt has been paid off and I think we need to push for news about it after May 31st. It was in the sec filings and is an important piece of info for shareholders. Bigger then the financials. Being debt free is huge.
this Facebook rumor is pure horse crap with nothing to back it up. news always leaks one way or the other.
This is something to talk about.
They have 8ked NUMEROUS times about the deadline to have the debt paid off, May 31st..
Question is will the company say something or not...But I would think they have to because they did put out news that they have until that date to have paid off all the debt.
.35 I will take it. We have had 3 months to pick up shares for cheap.
In that case I wonder if we can call and ask them...This is very very important because it was 8ked regarding the date and imo IT HAS A PROFOUND influence when I bought into this stock.
All they have to do is release news that the debt has been paid off and we could see $1..
$1 would be easy to see with that kind of news as many here that hold shares know what they are holding.
May 31st is not far away. I would like to hear something by then regarding this debt.
I have enough shares I dont need to buy more, Looking at level 2 it can go either way. Some ask slappen it can go to .075 or it can go down to as low at .05 with sells. I am trying to be real here. Based on the volume shares are in strong hands.
lol its not thin at all come on...
If I am correct BD is now private.
4% drop from last yr?
It was filed back in 04 and approved in 2012
Old nothing new on the site.
We all say that but in reality for a stock it is.
They have long ways to go before that even happens. When they start bringing in some revenue it will happen, but will take at least 1yr to do.
Maybe end of month gifts for us from our BOD... lolololol
I will take .50... At this pps level it gives anyone a chance to make money.
I wont complain with .50.. I know others want more but who cares we make money and move on to the next thing. hell at .50 this stock would make a few folks rich :)
Tell me about it! Just need to see what happens come end of May. Happy Birthday btw!
I would not mind waiting and seeing a new healthy company come out.
Another very good post, You know btw RDIO is doing very very well overseas, I am sure it uses some Kazaa stuff.
You know how much an 8k cost? Its not free. Even on pink sheets it cost money. Fong is well known to be a what?....Numbers guy....
Fong came in with 6 months to get the debt paid off and get the company back on track. That is if we are not going private or buyout..