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Awesome DD buddy even though I'm a Red Sox fan!
Thanks for posting this.
We don't know how big of an issue the taxes are, it's just another question that shareholders should have answered because we have the right to know.
A buyout/merger doesn't relieve a company of its obligation to file required reports with the state and pay its taxes. Now, that being said, a company could certainly choose to delay filing/paying and simply pay the late fees that accrue, but one would think that upon the closing of a deal everything would be brought up-to-date, no matter who ends up responsible.
The one thing in the report that I thought was positive is the company DID file their Annual Return with the state of Delaware for 2011.
Doc, as you know you have all of my resources at your disposal - financial, legal, political, etc.
Thank you for your efforts.
I refer you to my post yesterday about Dr P and his credibility
As I said, there are a lot of people around here to distrust, but he's not one of them.
If you don't want his help, that's your prerogative. But we have a significant number of shareholders holding a significant number of shares (more than anyone here can imagine, all documented), and we're going to make sure everything is being done properly and in our best interests, which IS THE RIGHT THING TO DO.
Just remember Goldfarb said he hired Fong to "increase shareholder value", that's what it's all about.
And if there's no fire where all this "smoke" is (no pun intended), then that's a good thing for all of us. But we're determined to find out because the company can't keep us completely in the dark. We have rights.
Doc is well aware of the 300 shareholder threshold. I brought this up a couple of weeks ago, that we should request our stock certificates so our shares are in our individual names and not street name. I've posted about this extensively on Doc's forum recently.
This is the most viable option in my opinion if management refuses to release any information. It won't take much to get to 300 shareholders of record.
I have known Dr P since July 2008. There is not a more honest man in this business and I've been in it for 20 years (and have many broker friends). We collectively hold a very significant percentage, but the more leverage one has the better if (keyword: if) the company is intentionally trying to depress the share price for the benefit of a select few.
As for my credibility, I've been around as RoagTrader since the very first stock forums and chat rooms popped up on Motley Fool when AOL first launched. I also run a successful sports handicapping business and my clients can vouch for my integrity. Several of my clients are members of Doc's forum and trust him like they trust me.
There are a lot of people around here to distrust for very good reason, but Doc isn't one of them.
Right, it can only help, the more leverage the better although Doc's group already has plenty of leverage. But it never hurts to have more.
This is only to support shareholders if the company is trying to f*ck us by intentionally depressing the share price so they can buy up the shares below market value.
If that's not the case, then "no harm, no foul" and we let the company do what they need to do to "increase shareholder value" like Goldfarb said Fong would do when they hired him. I don't want to be in the "something fishy" camp, I still believe in ATRN, but just in case I'm not going down without a fight (and that includes any manipulators who may be right here trying to screw around with shareholders also).
I'm fine with that, finally getting rid of all the flippers and scammers on the board so we can focus on the real DD that's being done here.
If I owned 17m shares I think I'd find the time and money to pay them a visit instead of posting on a penny stock message board considering at that point I'd own over 19% of the A/S.
Keyword "if".
Just broke a key resistance at .083
Thanks for all your efforts chade, very much appreciated.
Oh, you mean the buyout rumor you were spreading via PM that you got from your "friend" at ATRN? That buyout rumor?
Of course he does! This is classic P&D strategy except they've masked it very well to fool mostly everyone. Not me though, and a lot of other folks here are starting to see the light.
I knew I could rely on you to bring some sanity back to the board. One of the few people I actually trust to post factual information.
Thank you for your due diligence, I think you hit the nail right on the head. Do people really think Dyne and Company with their high-powered lawyers would commit securities fraud? It's not credible, but your post is.
LOL that's pretty funny, thanks I needed that.
Yeah and I'm sure Rifkin will announce it here on April 22:
http://www.mediapost.com/searchinsidersummit/speakers/
Pathetic.
I understand, but that was in response to my asking you what the FINRA guy told you.
So what did he tell you with respect to Hillbilly's post? Why can't you just come right out and say it?
Pure speculation at this point, you don't have any facts. There could be a perfectly logical and legal reason that none of us (including the FINRA guy who hasn't done an investigation) are aware of.
The basis of fraud is "intent". The company has been very diligent in their SEC filings including the voluntary delisting, Material Events, etc.
So where are the actual facts?
Right. Does anyone really believe that guys like Dyne, Musci, et al, and their VERY EXPERIENCED securities lawyers, would blatantly commit securities fraud?
Well this is the crux of the bashing of Goldfarb today and rationale for selling, so it's crucial to find out.
Thanks.
The contention is that ATRN has sold millions of shares that were not properly registered.
Can anyone verify or refute this? Surely with all the DD done here someone must be able to.
Oh, you obviously missed the part where he PM'd others here telling them he had a friend at ATRN who told him there were rumors of a buyout.
And you obviously missed his post saying his "friend" was conveniently terminated in the downsizing.
Let's talk about the company then. He is alleging that there are millions of shares being sold that weren't properly registered.
With all of the great DD that has been done on this board, can someone back this up or refute it? That's what it all boils down to right now.
Well at this point I still believe that someone here is missing something regarding the registration of the shares instead of ATRN's VERY experienced securities lawyers. I'll believe that until proven wrong.
I also asked him about his conversation with the guy at FINRA. His response is cryptic:
Something fishy going on.
How did all the other millions of shares enter the public market without being registered?
http://www.sec.gov/Archives/edgar/data/1022899/000114420412018270/0001144204-12-018270-index.htm
What's so fishy, the A/S were 101 million they're already registered (hence the "de-registering"). As if Dyne's lawyers are going to do something that obviously shady? The guy is called The Deal Maker for Christ's sake!
This guy should be banned from iHub and investigated by the SEC as far as I'm concerned.
Right, but if he's intentionally trying to manipulate the price of the stock so he can buy lower that's also securities fraud.
Maybe the guy at FINRA isn't the only person we need to speak to.
It smells rotten.
Exactly. I know (for a fact) what Dr P and many of his members hold, what I hold, and if you believe only 10% of the holdings posted here that's more than the known float.
The numbers never made sense.
So his family and friends were selling in the .14's, but he was buying 300K shares not too long ago at .13 (remember those posts about him bidding and not getting filled?)?
And this is AFTER a "friend" at ATRN told him about a buyout rumor? So this savvy trader doesn't care about insider trading laws apparently and is SO greedy that his 17m shares weren't enough, he wanted 17.3m shares?
Give me a break.
All I know is if I owned 17m shares near a penny why would I buy another 300K at .13, especially if I had a "friend" at the company who was spreading buyout rumors? That's insider trading especially since he was PM'g it to others here. You would risk 17m and federal prison for an extra 300K shares? Please.
This post should not be deleted, it's entirely relevant and is directly related to posts that have been made by smoke_em that others here based their buying decisions on.
What did the FINRA guy say? I emailed him early this morning and didn't get a reply, I guess I'll have to call him but I think it's important to post a short recap - thanks.
Well announcing that 11m shares will be sold in the next few days, coupled with a veiled reference to the FINRA contact, doesn't bode well for the short-term.
And I guess you construed that as some kind of signal that the company was going under? Why?
Any hope?
Perhaps time to remember this tweet from January:
Atrinsic Affiliate @atrnaffiliate
Thinking Out Loud: It’s 2012. Now What? Welcome to 2012. By all indicators (both market research and anecdotal) it’s going to be a banner
308K on the offer at .093 if the company wanted shares cheap there ya go. We've been hearing the company has been buying since the stock was 2+ times where it is today, I don't subscribe to that theory.
Yep, they're trying to f*ck with the Stalkholders!
lol that's why I call him pkbipolarmommydaddy
I actually like him, he's the people version of ATRN - makes no sense!
Just kidding pk it's all good.
Oh I know there are quite a few others here with sizable positions, I was just going by the numbers that I'm sure of (assuming smoke really has 17m which I have no reason to doubt). That's why I believe the float is pretty much locked up amongst us.
I agree, but unless smoke sells or Dr P tells his members to sell I don't see it happening
Not sure what "massive" means to you, but unless smoke_em, Dr P, me and a few others sell it won't be massive because we have most of the float locked up.
OK I misread, smoke_em just clarified thanks.