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I don't think so bass I think we are being set up for a big pump by someone that's my main theory right now.
It was a "she" according to his messages, I think he should let everyone know her current status since she knew so much about what was happening at ATRN a couple of months ago.
MM's are intentionally holding it back and letting someone accumulate. I think it's being primed to be pumped by someone big, too many weird things happening since last Thursday.
Very nice accumulation since the intentional tank job late Friday. Wouldn't be surprised to see this run very soon, volume precedes price.
Great find yet again buck. Dyne and his cronies know what they own, and it has significant value in the digital age. The fact that we haven't been fooled by any of the shenanigans must go up their asses a million miles. They want our shares, and they can have them for a fair price.
Yep, the people who already knew this have been buying since the stock tanked Friday. The affiliate division is a license to print money and doesn't require a lot of overhead.
I can't say with 100% certainty, but I have reason to believe ATRN is being set up for a P&D by a major P&D player. I've seen these signs before. If that's the case we could see a massive run soon. I'm not pro-P&D by any means because it's not good for the stock long-term.
Anyone else getting this impression?
Sticky #100796!
Read it again.
The safe harbor does not apply to forward-looking statements made in connection with an initial public offering, a tender offer, or a partnership offering.
Bass, I was on that same site but had to leave and couldn't finish the research. I kept asking myself yesterday why would they leave out the Safe Harbor and why would they word the PR like they did. These guys like Dyne don't sh*t without their lawyers knowing about it.
It's the single most important piece of DD that has been done on this board, period (no offense to buck or chade either, but we're near the end of this journey and this validates every other piece of DD that has been posted).
Great great work young man.
Finally, I was waiting for someone to point this out! It's the biggest piece of information from the PR that wasn't even in the PR.
ATRN's strategic advisors know the law, each BOD has their own private team of lawyers who would NEVER let them put out a PR without a Safe Harbor statement unless it fell under this exception.
KEYWORDS: TENDER OFFER
It all makes perfect sense, or else the company would have just announced they were closing down and not trying to maximize shareholder value for remaining assets.
Great job Bass.
So why keep doing everything in their power to keep the stock price down if they're getting ready to sell restricted shares? Makes no sense.
This will be my last post on this board. Good luck to all, I wish you the best.
Well, if they thought the nasty emails and lawsuits would stop with this they're crazy. I can't wait to see the discovery that comes out of this litigation (and trust me there's going to be litigation). Breach of fiduciary duties and self-dealing, several people will have to answer a lot of questions and it starts with Dyne.
There's no question they had an attorney draft that PR. By saying "agency business" they are intentionally being ambiguous but not flat-out lying. If agency business meant everything they had left they would have just announced they're discontinuing operations. Why even say they are looking to maximize value for remaining assets for stake holders IF THERE WERE NO REMAINING ASSETS? These guys have lawyers for their own lawyers, so there's no way Dyne, Chazen, and Musci would allow this PR to be sent if it hadn't been carefully reviewed. NO WAY.
Look, the bottom line is the company INTENTIONALLY worded and distributed that PR 20 minutes before the close to tank the stock. Why?
That's what needs to be answered.
Was it to allow BD to cover their short position? Who knows. But we'll find out soon, they created more questions and problems that the "statement" was supposed to clear up. There's a reason.
Remember, 3 months ago someone here was allegedly told by someone at ATRN that they do NOT want us holding their shares. I discounted that rumor at the time, but everything they've done since then has been designed to get people to sell. I've never seen a company PURPOSELY try to lower their stock price. Hmmm....
Well we have to look at the whole picture because where there's smoke, there's fire. You guys know I'm not a basher because I've been a believer and long in ATRN for several months, but we have a lot of red flags particularly the number of people who have left recently.
Also, they are completely unprofessional regarding their website. The banner link to Spyder remains broken, the banner link to the Summit last month is still there, they haven't removed Baker from the Leadership Team section of their website, etc.
If I were a potential client I'd be saying "WTF is going on with this company".
Today's PR was carefully planned despite its appearance as being amateurish. Why, we don't know yet. But you have a major player in a hot sector intentionally destroying the company's share price when they could have done just the opposite and increased the market cap very easily with some positive news. But perhaps they've f*cked up so badly over the past year that they can't recover from it? I don't want to accept that.
It's all a mystery at this point. I still think we hear something else from them by May 31, the PR did confirm they were in buyout talks and it's likely they still are.
Well, to make my day even worse, my wife came home in a bad mood and our planned night of romance is dead.
So I've been Fonged and Schlonged today!
The "strategic advisors" are the Board of Directors who have done NOTHING to maximize shareholder value and EVERYTHING to destroy it.
However, I still think they're going to pull a rabbit out of their hats at some point. These guys just aren't that stupid despite how it appears right now.
Yep, it's time to forget Fong and start dialing Dyne.
Yep. I already sent my attorney an email. He owes me and he's not your average lawyer.
Well, I can assure you of this. They may not take Doc and some of us seriously, but we have resources (legal and political) and plan to use them. I'll call in every favor I have coming my way to make sure we get to the bottom of this. And I have quite a few from some pretty powerful people especially in NY.
Karma is a bitch.
Here's what else I'm thinking:
ATRN knows that most longs were holding strong even at .05. Shares were very scarce.
So Fong tells a few people a statement is coming from the BOD, and all of a sudden we see a big move up and millions of shares trading hands. Then 20 minutes before the close on the Friday when Facebook starts trading, BOOM! The company issues the most ridiculous press release anyone could imagine. IT HAD TO BE ON PURPOSE, NOTHING ELSE MAKES SENSE.
Someone was buying when the stock hit .031, and I'll bet it was someone who knew that PR was coming out.
What company INTENTIONALLY tries to tank their stock price? I've never seen it happen.
Is it possbile BD was caught short and needed to cover millions of shares they sold down to .008 and didn't expect the run to .35?
What company intentionally tries to tank their stock price when it could easily be over $1.00? Makes no sense!
The rumor a couple of months ago that the company wants their shares out of our hands has proven true today. The ONLY reason for Fong saying there would be a statement today and then releasing the bullsh*t PR 20 minutes before the close after a nice run-up was to f*ck us. There is NO other explanation.
Karma is a bitch. Fong should be prosecuted.
Let's assume it's true, what's left of the company that has value?
Someone is going to jail, hell or both
That has been there since he updated his LinkedIn, and of course he's looking for a job this was always a temp position at ATRN.
I doubt that's a valid page setup by Baker himself.
Exactly! They already have enough problems, can you imagine if they came out with bad news after all this buying? More lawsuits and headaches they don't want or need.
Some very nice blocks, a 450K block on the bid was filled at .093 and now a 465K block is on the bid at .09. Someone is pretty confident to spend this kind of money on an iHub rumor!
Well the fact that Fong is confirming that a statement is coming from the BOD is a great sign. The company knows that if the statement is not fairly specific about their future they'll continue to be hounded, so I'm expecting something concrete and relevant.
I disagree; the sentiment is towards ANY news. Even if they released poor financials but stated they were "trimming the fact" and moving forward this stock will soar.
But I have a feeling it's something else.
Buy pressure has dried up, lots of resistance up to .11 now so I don't see another run before the close. The daytraders are pretty much gone and those who were waiting for a run to sell sold, so it's the staunch believers who are now waiting for the statement.
I can't sleep.
Here is an important point to consider also when wondering what type of news might be forthcoming: NONE of the people who have left the company have said a word after they left!
You would expect employees who have been terminated or left a sinking ship would say SOMETHING to someone especially if they were screwed over. But even ex-employees have "gone dark".
Doc, that just means you're WAY overdue! lol