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Welcome to the Club. There are some of us here who have been holding for a year or more. The company has solid fundamentals... we've been waiting on their management to finish up their products, show continued improvements in income, and retire some of their debt. This upcoming 10K and expected iOS PR should definitely show progress on all fronts.
And if you like that, just wait until when you can watch your favorite TV shows and movies with the same technology... that will be the power of STTK's WatchThis™ technology; a patent-pending technology to provide web, mobile and IP television streaming services that are e-commerce enabled within streamed content .
I seriously doubt it. The company is for real... real products... real technology... real customers... real revenues. Besides, too many peeps bought in at ~.0015 this past week to back out, and the company's worth way more than that.
True that! I'm ok with shorting, but I have a strong issue against Naked Shorting, even for market makers. It's an unfair manipulation of a stock's price in my opinion, and unjustified. If they can't borrow the stock, so be it. In those cases, it should be obvious the true owners of the stock don't want to sell... and that should be their right.
Excellent Point 1234xyz. Good to see you back and excited about this stock.
It looks like someone's desperate to close out their short position. GL
Here's the thing... Mobile advertising is exploding... and even if STTK fails to get the WatchThis™ Patent, their technology is worth BIG $$$ to large media and advertising companies that don't have the time or inclination to build StreakTrack's inline content and advertising streaming capabilities... not to mention their existing media/ content provider base of more than 5000 radio stations.
Can you spell ACQUISITION TARGET???
Mobile Advertising Is Outstripping Growth In TV, Radio, And All Digital Ad Mediums, Many Times Over
Nice Admiral... supports my theory.
The STTK Opportunity!
Why STTK's Mobile Strategy is so "On Target".
Re. Shorting without a Borrow...
That is called Naked Shorting, and is way beyond illegal. That's the digitized version of counterfeiting securities... If you know someone who has figured out a way to do that, you should report them to the SEC.
Having what amounts to an unlimited supply of shares to short would obviously and unfairly crash the price of the stock. It's Economics 101 on Supply and Demand. Increase Supply of anything, and the price will drop. No one should ever support this illegal practice.
Yes it would!
I totally agree. They are a small company with limited resources, and I'm sure they want to make sure they get it right. Nobody in their right mind ever wants to have to restate their earnings.
On the positive side, they have always been strong in meeting their SEC reporting requirements... even when they have asked for filing delay.
Given what we know about their recent advertisement and partnership improvements, I can't see how their financial news can be anything but an improvement over their previous quarter and annual filings. In my mind, it's only a question of how much of an improvement they achieve.
AIMO,
I bet it will, since they pre-announced in their last PR that the iOS release announcement will come out this week. My guess is we won't see the 10-K until closer to mid month.
You can report them on Twitter. I can't recall the link; but, I'm sure you can find it on Twitter's web site.
That's really the beauty of the StreamTrack business model... they make money on the Ads that are streamlined with the Radio programs you and all their other customers are listening to. Here's how it all works...
Radio Loyalty signs Ad Agencies and other companies who want to access to a large community of listeners - content currently comes from more than 5000 radio stations spanning both US and international markets - and the ability to market their products and services to particular segments of listeners, by key demographics, within the Radio Loyalty population as a whole.
On the other side, content providers - currently Radio stations only, but will be expanded to other media types with the release of WatchThis™ - don't need to invest in the IT infrastructure - high speed computers, routers and networks, applications, security systems and maintenance involved in streaming their content. The content providers also receive a portion of Ad revenues streamed with the content they provide. This reduces their sales, marketing and IT costs associated with broadcasting their content via the Internet.
And, to specifically answer your question, Radio Loyalty keeps the rest of the Ad revenues, which we see reported in their 10-Qs and 10-Ks.
And, best of all, we customers get to listen for FREE!
Christmas Wish List:
1) 10K comes out with improved financial performance over FY 2013; improved gross margins; maybe even approaching breakeven
2) Verification that the ASC Recap convertible debt is retired
3) Renegotiated terms with Redwood
4) The iOS (Apple) mobile application release announcement
5) Announcement of WatchThis™, a patent-pending technology to provide web, mobile and IP television streaming services that are e-commerce enabled within streamed content
6) Acquisition
Ok, Ok... It's the Holidays and it's my Christmas Wish List. I'd settle for just the first four this week.
Nice.. we have a order on the Ask at .0017! Now a .0018 sales order!
How does it happen that all the .0015s on the Asks shown on Level 2 are cleared, and yet we continue to see sales at .0015?
Yes! We got it... .0016.
Yes! Slapping the Ask at .0016! Or, at least we're knocking on the door..
It's the history of this stock. Longs kept buying on the way down and holding. None of the Longs one wants to pay a premium price... and none want to sell either because of the potential this company has.
The next Q10 could move this stock big time. We need to see two or three things
1) Retirement of the ASC Recap Debt
2) New terms with Redwood
3) Continued improvement of financials toward breakeven and profitability
Then, the patent acceptance release would be nice.
If those things happen, this company will be an immediate acquisition target by any media company that wants to participate in the move by consumers away from Dish and Cable Networks to Internet-based content providers for their radio, TV and movie entertainment.
That's the way I see it, anyway.
AIMO,
Are we sure about an APPLE IOS release next week... or is this more of a hope? It makes sense for them to have one... I just haven't seen any formal news on this yet.
Got a little game of Chicken going on here. I wonder who's going to give in first... the Buyers or Sellers?
Re. "STTK pending-patent in audio(radio)video-insertion technology..a game changer..filed on July 2012 "
For those who are new to this stock, this is what we Longs have been waiting on. Imagine not having to subscribe to a cable company to have access to your favorite TV shows and movies... and having much of that content available for "Free" due to inline commercials - much more like the traditional TV model... that's what this technology will allow.
Depends on where STTK stands with their ASC Recap and Redwood Convertible Debentures. I suspect ASC Recap is done and over with. My hope is we will find out in the next 10Q that ASC Recap is paid off, and that they have renegotiated terms with Redwood... as CEO Hill has suggested in previous communications they have a good relationship with Redwood.
We'll see. GLTA Longs!
Love the positive press!
Are These Tech Stocks On Your Pre-Thanksgiving Menu?
Wow! I take a few days off the boards for work... and all hell breaks loose. But, I'm not complaining! Go STTK Longs!
duelittle2... those of us who invested early, have been watching this stock fall through the months... and many of us have continued to hedge our bets by continuing to buy in at the lower price points. The company is earning revenues, has working products, and new technology and hopefully patents coming. But, it's all taking way longer than we like, and the debtors have been diluting the stock.
With all that said and known, what is it that intrigued you by the STTK chart you posted? i.e. do you think we are doomed or is the stock primed and ready for a turnaround?
Thanks,
How I wish this was Hill and Company buying up company stock. What better way to pay down their debt than to use some of their revenues to buy back their company at a huge discount.
I can only hope...
But, in terms of our investment, I like this quote in the About StreamTrack, Inc. section even better:
Well... it looks like they have God giving them some blessings... with two of the new Christian stations joining RadioLoyalty.
Since they are a reporting company, there would be huge issues and consequences with the SEC if they are not.
32,695,000 sold today verses 4,955,039 shares bought. Can you spell D-i-l-u-t-i-o-n?
Huge demand on Level 2 to buy at $0.0004 - with nearly 17 million shares against just slightly over 1 million shares offered for sale in the .0005 to ,0008 range. What's with that?
Kid...
A while back, I received a private note from one of our Longs who claimed he was accidently copied on an email from Mike Hill. The gist of the email was a technical discussion on what it would take to become the first Google glass music app; plus a request to have one of their staff contact a Director with Jumptap (now part of Millennial Media).
I want to believe these guys are trying to run a legitimate and successful business. But, I have never seen a legitimate business treat their shareholders so badly.
AIMO,
Dry:
My read on that is the shares have to be preserved out of the current AS that have not yet been Issued as Outstanding Shares. It does not state that StreamTrack has to increase the AS or perform a Reverse Split. I would think they would have to state that directly. But, I admit, I could be wrong on that. I don't know what the law allows in this area.
A lot of trading has occurred since the 8K was released on October 6th, then reporting "266,161,583 shares of common stock issued and outstanding"... especially on the days highlighted in Red. My guess is we're closer to a 300 million OS now, maybe more - depending on whether the trades on October 14th and 15th were reselling the shares offered and purchased on October 13th... or whether the dilution was continuing.
Historical Prices
Date Open High Low Close Volume Adj
Close
2014/10/21 0.00060 0.00060 0.00040 0.00040 10,467,304 0.00040
2014/10/20 0.00060 0.00070 0.00050 0.00060 5,312,142 0.00060
2014/10/17 0.00060 0.00060 0.00060 0.00060 567,426 0.00060
2014/10/16 0.00060 0.00060 0.00050 0.00060 1,299,420 0.00060
2014/10/15 0.00050 0.00070 0.00050 0.00070 16,833,099 0.00070
2014/10/14 0.00050 0.00060 0.00040 0.00040 32,158,440 0.00040
2014/10/13 0.00070 0.00070 0.00050 0.00050 33,811,677 0.00050
2014/10/10 0.00080 0.00080 0.00080 0.00080 3,575,802 0.00080
2014/10/09 0.0010 0.0010 0.00080 0.00080 16,708,817 0.00080
2014/10/08 0.0010 0.0011 0.0010 0.0010 2,809,325 0.0010
2014/10/07 0.00080 0.0010 0.00080 0.0010 3,687,175 0.0010
2014/10/06 0.00090 0.00090 0.00080 0.00080 1,010,189 0.00080
You know, as I think this through even further, I wonder how much incentive ASC Recap and Redwood have to force the OS up to the AS of 1 Billion shares. Certainly they could if StreamTrack fails to make their agreed payments, and they continue to convert shares. But, at the current PPS, we would quickly blow through the existing AS without paying off the total debt... and I didn't see anything in those agreements that would suggest StreamTrack would be forced to execute a reverse spilt and authorize new shares if that happened.
So, if StreamTrack wanted to play hardball, and they were approaching the point of having enough revenues to run their operations, they could in theory thumb there noses at ASC Recap and Redwood and claim they were out of shares to give... and force the matter to court to seek a new agreement.
Just thinking out load here... Does anyone know if there is anything in Securities law that would force StreamTrack to Reverse Split to continue fulfilling their existing credit debenture obligations?
Of course, this all hinges on StreamTrack's ability to have reached a point where they can pay their operating expenses as they go.
Could very well be the case that they have... though the amount of Redwood's debt they could have retired would have been very small. Still, might be shares were sold to make a quarterly payment of some kind to Redwood or ASC Recap.
But, what's interesting to me, and what prompted my thought on this subject, is that StreakTrack came out with the 8K on October 7th with wonderful news of a still very well managed OS, only to shortly thereafter have something like 30 million new shares sold. Seems to have been a setup to me. so, maybe we're at something like 300 million OS now?
AIMO,