Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Hector, can you please point me to that post, I can't find it?
Thanks.
I agree! The company is going private or the assets are being sold. How much is the only question as far as I'm concerned.
Actually we did get that PR after Fong told chade news was coming
No, they're in European date format, they are current. Read all the messages before you comment!
Well one positive we can take out of the website update is that the BOD's hasn't changed. Everyone is still there - Chazen, Musci, Dyne, Burstein and Goldfarb.
Interesting.
http://www.atrinsic.com/ir/corporate-governance
Kapla is not Krassenstein but that's pretty funny
bass this was posted by kldog last night he's the one who emailed him. Settle down we don't know what it means but it appears we are approaching some type of ending here, hopefully for the best.
Just landed in Newark will not be able to get to their office until Wednesday morning earliest as I'm in Connecticut all day tomorrow. If anyone else wants to meet up PM me here or at Doc's place.
I thought there was no preferred
"Slick Mob" - it's just too damn funny and coincidental.
But maybe they aren't as slick as they think.
Cramer ha! He and I go way back, it's a long story but suffice it to say we didn't see eye to eye on a particular situation about 16 years ago. He's done well since then, I should have listened to him!
That's what he shows on LinkedIn but he's also part of BDE, Altnet, and some other companies/projects and does freelance work also. It'll be very interesting to hear what he has to say.
So Kevin Bermeister, Steven Bermeister, Mark Dyne, et al are part of all these other entities besides BDE and ATRN (AirArena, PersonalWeb, Cocoon Data, Kinetech, etc. etc. etc.) that either own and/or are using patents related to the original Kazaa technology which may now have migrated to something called Spyder which Atrinsic owns but is no longer supporting. Yeah I think I got it and it smells fishy.
Show me the money!
And look who owns airarena.com. Someone in Australia with the admin contact in South Africa the home of Dyne.
Gotta love that name SlickMob, how ironic!
Registrant:
SlickMob
PO Box 324
Vaucluse, New South Wales 2030
Australia
Domain Name: AIRARENA.COM
Created on: 29-Jan-03
Expires on: 29-Jan-13
Last Updated on: 23-Feb-12
Administrative Contact:
Brener, Ashley
Air Arena
PostNet Suite 208
Private Bag X1
Melrose Arch, Johannesburg 2076
South Africa
824455566 Fax -- 114471721
Technical Contact:
Brener, Ashley
Air Arena
PostNet Suite 208
Private Bag X1
Melrose Arch, Johannesburg 2076
South Africa
824455566 Fax -- 114471721
Domain servers in listed order:
NS1.SEDOPARKING.COM
NS2.SEDOPARKING.COM
Look who owns the domain www.airarena.com.au! It's All in the Family!
Domain Name: airarena.com.au
Last Modified: 23-Jun-2010 06:58:56 UTC
Registrar ID: NetRegistry
Registrar Name: NetRegistry
Status: ok
Registrant: AIRARENA PTY LIMITED
Eligibility Type: Company
Eligibility ID: ACN 104376329
Registrant Contact ID: BEST1247
Registrant Contact Name: Steven BermeisterRegistrant Contact Email: Visit whois.ausregistry.com.au for Web based WhoIs
Tech Contact ID: KREM1004
Tech Contact Name: Emanuel Krassenstein
Tech Contact Email: Visit whois.ausregistry.com.au for Web based WhoIs
Name Server: ns1.ih-nameserver.com
Name Server: ns2.ih-nameserver.com
Yep, right down the street from BD/Kazaa in Sherman Oaks, close to their attorneys also, office in Australia. These guys are all in bed together I just wonder how ATRN fits in with the technology. Very interesting!
As ok, good job. I was thinking of even calling him tomorrow, what the heck it's worth a shot. But now that he's ready to make an announcement let's see what he has to say. Thanks.
Were you serious or joking, I can't tell?
I find it very interesting that Baker, Rifkin, and Morris have not updated their LinkedIn profiles with new jobs yet. If Fong can get a high-profile job, certainly these 3 with their backgrounds can find jobs in such a hot industry. And not only are they not showing new employers, they're strangely silent on Twitter - Baker went dark on Twitter at the same time ATRN did, and Rifkin hasn't tweeted anything of substance in weeks.
One would also think that Morris would have updated her website www.4pawsmarketing.com.
If I were them I'd be pissed at the way the BOD has acted, so what incentive do they have to remain silent? Remember what Mayberry tweeted on May 7..."let's hope some big rewards come from my non-tweeting and facebook posting throughout lent". Why make this reference to being quiet for a long period of time - I don't believe he just gave up social networking for Lent it's a big part of his career!
Hmmm....
Atrinsic is now showing as an Attendee at the next Open Mobile Summit in San Francisco in November. I wonder if anyone from the company actually attended the one they just had in London last week, but they obviously paid for SFO also:
http://www.openmobilesummit.com/attendees.aspx
Yes I'm in Houston, if you ever get over here let me know I'll buy you a beer (or several!). How do we know this guy is still shorting? Maybe he knew something we didn't know at the time? Interesting.
Dave, why would Krassenstein still be on the ATRN payroll when they don't have Kazaa? Makes you wonder, doesn't it?
Interesting points dave, thanks for your input hope you feel better.
OK but why get rid of the transactional business and affiliate network that was generating most of their revenues? I noticed in the last 10K that the although transactional revenues increased so did the expenses associated with them. So was it just not worth keeping the overhead since the revenues didn't justify it?
Nice work dave. I'm playing devil's advocate here, is it possible their plan all along was to milk the cash flow of ATRN until they couldn't milk it anymore, force them into default on the notes, and just keep everything under BDE and the new entities they set up?
I don't disagree with you about that, I just can't find anything at this point and I've read everything multiple times. I would love for them to have a hidden treasure chest of assets that we're not privy to at this time. These guys have moved things around so much amongst their different entities that I wouldn't be surprised, and now that's what we're all hoping for.
Jade, don't worry I'll make sure you have definitive proof it's me. My integrity and credibility have never been questioned in over 20 years of trading stocks and participating on forums but I'm happy to do it to make you feel better.
Sure, I'll at least take a pic of me outside the building
Well I'm not sure I'll be able to get a pic but I'll try assuming Friday wasn't his last day. Since he starts his new job June 12 I think he's probably gone for good now.
I don't care who believes me or not, but I spoke to Fong on Tuesday and posted immediately thereafter. I'll be in Manhattan this week and hope to speak to someone else in person.
Let me be clear: do not base your decisions on what I post!
The stock has STRONG support above .05 which is very positive. This is a great sign no matter what. It's very possible we see a run with or without news. If we get positive news we could see a huge run. Also the fact the board of directors is intact is another positive.
I just want those doing the DD to help find what assets are left. Does ATRN hold the "keys to the kingdom" for Dyne and his cronies? They very well may. Let's do our best to find out in the absence of cooperation from the company.
We just have to keep up the pressure on the company to provide information that we are entitled to and that means people still need to call and be professional when they do. I'm not saying that will work but we really don't have a lot of options at this point.
I just want to know what assets are left. We should know.
The support above .05 has been very strong. Based upon everything we know why is there even support? So maybe there's hope. Maybe there's something we're not being told for a reason. But I can only go by what we do know and that doesn't look very good.
I'm trying to solve this puzzle for all of us. Unfortunately there are others who have a different agenda.
A permanent (keyword "permanent") CEO would certainly be a positive development along with a statement indicating the direction/plan for the company.
If they announce another interim CEO (especially if it's someone already there like Campbell) then that won't bode well for the future.
The problem is we can't believe anything they say, including Fong. He may have used the word "permanent" when he spoke to you but that doesn't mean it's what the BOD has in mind.
That's the million (or billion) dollar question. Did they rape the company of all its revenues and cash flow from the subscription and transactional services components of the business, force them into default, then terminate the agreement that would have transferred the Kazaa assets to ATRN?
Why would ATRN enter into a very modest debt agreement and pledge basically the whole company in the event of default?
It doesn't pass the smell test when you consider that Dyne, Musci, Bermeister et al are all involved in the same entities that ended up with the patent portfolio.
Here is our problem with the Kazaa assets however. BDE never transferred them to Atrinsic. The Kazaa trademark is registered to another company that BDE/Bermeister/Dyne are "affiliated" with (they sure seem to be involved in a lot of companies that move around a lot of assets, but none of these assets belong to ATRN apparently). The patents (under a portfolio called TrueNames) are with PersonalWeb (check out who owns that).
Looks like they just raped the revenues and cash flow of ATRN as long as they could forcing them to default (on a note that, by the way, basically gave everything ATRN had to BDE in case of default - hmmm.....what a deal!), then kept all the key patents and technology leaving ATRN with the transactional business which was already in decline despite what Goldfarb said in the previous filings. Because we now know the transactional business is gone.
The closing of the transactions contemplated by the asset purchase agreement will occur when all of the assets associated with the Kazaa business, including the Kazaa trademark and associated intellectual property, as well as Brilliant Digital’s content management, delivery and customer service platforms and licenses with third parties, have been transferred to Atrinsic.
Then, on December 29, 2011 we get this:
Dec. 29th 8-K: http://ih.advfn.com/p.php?pid=nmona&article=50561929
Item 1.02 Termination of a Material Definitive Agreement
The following agreements with Brilliant Digital Entertainment, Inc. (“Brilliant Digital”) were terminated pursuant to notices received from Brilliant Digital which allege various events of default under the agreements by the Company:
Master Services Agreement by and between the Company and Brilliant Digital, dated March 26, 2010, as amended. (terminated effective as of December 28, 2011)
Asset Purchase Agreement by and among the Company, Brilliant Digital and Altnet, Inc. dated October 13, 2010, as amended. (terminated effective as of December 13, 2011)
The guy works for a lot of companies! His business card does not reference anything about Atrinsic but it does Altnet and Kazaa!
https://twitter.com/#!/ekrasen
bass, how can you say this with confidence? We can account for almost 40m shares just from people here and with Doc. That cannot be disputed. That means there are another 47m shares out there somewhere, of which you believe BD is holding at least 44,370,000, leaving only about 3m shares unaccounted for?
It doesn't make any sense.
They pulled that from an old bio that was written last year when everyone thought ATRN was buying Kazaa.