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.
They have multiple options( from an one time dividend to multiple dividends if the money is put in a special liquidation account). We will have to wait and see what they offer. Anyway the pps will go higher than the potential dividend due to demand from traders and dividend players.
I like this! No news yet, the same 2-3 million volume,so basically nothing. I have the feeling that the auction is going pretty well(outbidding each other).
We will get the results when the auction is over. The hearing on Monday is to make sure that nothing wrong/illegal happen at the auction(via objections/motions/etc). Just do some DD on BK stocks and you will see what I'm talking about...
Over $13M...
yes is illegal but from time to time you have some people that can't keep their mouth shut!!. I hope they follow the rules and we get the news in the afternoon but you never know...
stop the BS#@#$#. There is no way you could get info yet. Usually the first round take more than 30 minutes. People in the know should get the info after the first hour, unless the parties behave well and everybody keep their mouth shut!!!
If the first round at the auction by any chance surpass the $10M mark, Im pretty sure that we are going to see heavy bidding from the people receiving the info first...
good! Im happy to see those sellers gone. Like I said yesterday, this is a small inventory( 2-3 million shares) that some market makers were moving back and forward.
And we got the first group of retail "wannabe" traders out with 1.5M shares, Great!!! Next group please....
I go with the court documents!, Court documents #165 and #187. One bidder feb/23/2015(regular bid deadline) and another bidder Mar/04/2015(revised bid deadline). If we have more bidders hiding(due to confidential agreements) then great!! the more the better!!
We have 3 BIDDERS- The new BID was during the "revised bid deadline". So we have three bidders, SITO, one during the regular period( court document #165) and another recently(court document #187)! Great!!!!!!!
"Debtor’s case, the Bankruptcy Court, at the Debtor’s request extended the bid deadline to March 4, 2015 at 8:00 p.m. Eastern Time (the “Revised Bid Deadline”) and rescheduled the Auction and Sale Hearing.
RESCHEDULED AUCTION. A Bid was received by the Revised Bid Deadline. Both the Debtor and the Committee believe that the Bid is a Qualified Bid. SITO disputes that the Bid is a Qualified Bid. Accordingly, the Debtor shall hold the Auction for the sale of the Assets at the offices of Pachulski Stang Ziehl & Jones LLP, 780 Third Avenue, 34th Floor, New York, NY10017-2024, on March 6, 2015 at 10:00 a.m."
http://www.omnimgt.com/cmsvol2/pub_46912/518636_187.pdf
SITO's concerns only means that they are afraid! There is no reason to dispute a Bid if you believe you are going to win unless you know that the other bidder have more resources than you. Let see what happen. I still go with my number($16M). Let see what happen....
IS OFFICIAL! Auction is tomorrow, court document #187...
http://www.omnimgt.com/cmsvol2/pub_46912/518636_187.pdf
I'm just saying I hope, not that is going to happen for sure(wishful thinking). Right now only the Debtor and the bidders know exactly when is going to happen. If they decide to do it sooner they can as long as all the players agree...
here we have another one that doesn't know how to read the court documents or is lying... Court document #165 clearly stated that we have another bidder for sure!!!!!!!!! Plus the speculation around Yahoo and ESW Capital.
Court Document #165 proving that you are WRONG!!!!
http://www.omnimgt.com/cmsvol2/pub_46912/517711_165.pdf
I just hope that the auction start friday after 2pm or later
so all the retail "wannabe" traders are out!! People crying over trades that are less than $1000 in total value! $%$#@@ unbelievable!!
here we go again! how many times I have to say the same thing over and over!! Is the same market maker playing with a 2-3 million shares inventory against retail-"wannabe" traders that doesn't have a clue about HIPP and sell for nothing. Less than $1000 in value!! I can't wait for this thing to be over!!!
oohhh come on! that is BS$#@#$. This is not a Nasdaq or NYSE stock where you can use chart/technical analysis to predicts patterns and profit from it. This is a BK company that is going to auction any moment( before March 9). Here the facts are pretty clear: Assets $16M, Liabilities $12M, Revenues $25M, Cash on hand before BK ZERO(main reason for BK+ mismanagement).
there is no volume coming, is the same 2-3 million shares inventory going back and forward. Until the volume go over 3 million shares there nothing to be excited about unless the auction is underway today(wishful thinking).
yes I know! I was a shareholder of AUGT back in those days!(remember selling few months later after exCEO ARENA BS#$#@#$ and for a loss). It was August 2011 and the pps was around $3.00( maybe 0.25 up and down don't remember the exact number) and the O/S was around 80 million shares or close to that number. So the market cap was around $230 Million or a little more. For more info you can review this SEC filling...
http://www.sec.gov/Archives/edgar/data/1137204/000110465911055507/a11-25970_110q.htm
less than $500 worth in trades. Is the same "wannabe" retail traders and market maker having fun with an inventory that looks to be around 2-3 million shares. NO "real" market maker is going to touch this stock due to the potential losses "IF" the auction surpass the $14M mark. The people with more knowledge in this matter are already in(volume action last two weeks) and just waiting for the auction...
yes, I saw it. Thanks... I really wish the auction take place today...
Halted??
I know the question is for another member but I would like to give you an answer too. Based on previous BK stocks situations, usually when the assets are more than liabilities(like in this case with Assets= $16M and Trade Debts= $12M) some creditors will bid until the price go higher than liabilities) just to make sure they recover everything or almost everything. In this situation it makes perfect sense for creditors to be bidders too because the business model itself can help them recover everything. Remember HIPP problem was mismanagement and poor BOD not the business model....
So we have 5 bidders!(I believe Braiker and friends will bid since Hipcricket was their baby/company before AUGT), NICE!. That was my number(with 2 different players) but anyway I'm glad to see three entities with access to dozens of millions. Based on my previous DD back in the days of AUGT/HIPP I still believe the final price could be between $16-22M with shareholders receiving between 2-5 cents. Let see if I'm right....
me too! Is so funny that people make assumptions on volume that is worth less than $3,000. The real players are just waiting for the court documents and details...
Not yet! Usually the court documents become available(if any) after 12pm. But this silence is very interesting. Nobody talking?? I smell fear of insider trading due to potential payout for shareholders( bidders showing their desire for assets at a higher price) IMO. Let see if Im right...
Agree, little by little we are getting all the information about the potential bidders. That's the beauty of the "BK court" environment, everything comes out sooner rather than later. But the people with privileges will get the info first and will grab all the shares available without too much noise, like we have already seen...
Big Boys are coming out like I said weeks ago. SITO is just a puppet, they will be outbid by many millions. AUGT/HIPP should have been sold many years ago but ex-CEOs ARENA/Braiker attitudes plus a horrible BOD blocked it. My theory could be very close to reality. Maybe even better( HIPP auction price over $25 Millions due to Big Boys fight).
One of the potential bidders? IMO yes. Look into ESW Capital... and you will find Joseph Liemandt!! A Billionaire!!! This get better and better...
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001477025&action=getcompany
NO, Is all about the value of the patents and the business model. You believe the value is inferior to $14M and I believe the value is higher than $14M which gives shareholders at least 1c per share. Time will tell, March 6 is around the corner...
IMO, if you don't know AUGT/HIPP history( back to the days of ARENA and Braiker) you should sell, lock your profits and move on( plenty of stocks to trade and have fun). This stock is very particular( I explained it in my previous messages). Even the market makers don't want to have fun with it(like in WAMU, AA, Dendreon, Radioshack and many others) because they understand the situation. Im glad that the hype is gone, traders out and the information will be available after the market.
That report is a cash flow projection,
and the numbers are always very conservative. My numbers/calculations are a little less conservative and put them in black numbers. Whether Im right or not is no longer an issue since the recent situation with Yahoo and the delay of the auction provide enough information that a fight for patents ownership will happen. I said this earlier in the game( based on my personal experience with AUGT/HIPP stock in the past), HIPP could be sold for $16-22M depending on the number of participants at the auction.
IMO(Im just speculating!!!) we should see the following bidders SITO, Millennial Media, Pandora, Gannett,AOL, 2-3 Hedge Funds and maybe YAHOO. Let see what happen...
I see your point, my bet is that they will. In the past I was a shareholder of AUGT(HIPP today) when ARENA was the CEO, got burned and took a loss back in those days. Since then I kept an eye on AUGT because I was intrigue about their situation(great business model with good patents to support it but a horrible upper management). And the time proved me right. If you do more DD on AUGT/HIPP you will find all the information that support my arguments. They were ready to do a RS and screw shareholders(some hedge funds included) again in order to raise capital one more time. But this time I believe(personal opinion) that Hedge Funds got #@#$# and pushed the PPS to the floor so they got @#$%$$ and blocked from raising capital(basically forced them to file BK). Now the "big boys" looking to grab this business model can do it with the blessing of the BK court and at the same time fired!!! the upper management... Let see if my theory is right.
Thanks, saw the news now, great everything is moving quickly and smoothly. Now is showtime for the big boys. Time to come forward, outbid SITO and grab the business.
Me too, but HIPP/AUGT situation is very particular. The business model works and make money the problem was the upper management! For many years( from ARENA to BRAIKER and now WILSON) they spend millions in $%@# expensive patents litigation, salaries and benefits without focusing on growing the business. So finally they run out of cash!( hedge funds took care of that aspect), nobody was willing to put another nickel in this crazy guys(upper management) and forced them into BK. Now is all about the value of the patents and the business model in an economy that is growing big time!(specially mobile advertising industry).
Also when you look at the court documents, there is only $12 millions in liabilities but close to $17 millions in Assets. They filed for BK not because of the liabilities but because they run out of cash( unwilling to cut their $#@#$ salaries and benefits). With revenues of $25 Million and a much better economy with companies spending more in mobile advertising, the new owners of HIPP could make hundred of millions. Is all about having the right upper management!.
LOL!, go back and read the court documents. SITO is a puppet in this game. The real players will be at the auction. Just look at the recent documents. No objections, creditors will be paid( the information is in the first documents) and many parties already signed non-disclosure agreements( over 9 parties- court documents). In the next days we will get the names of the "big boys". IMO, I expect to see Millennial, AOL, Yahoo, Opera, Pandora and at least two hedge funds. Let see if I'm right...
More details about the contract with Canacord(investment banker). The agreement is telling us the potential sale price IMO. Like I said, I believe the sale will be between $16M-22M(shareholders could get between 2-5 cents).
http://www.omnimgt.com/cmsvol2/pub_46912/514705_103.pdf
***Case 15-10104-LSS Doc 103-1 Filed 02/09/15 Page 4 of 22***
"Section 4(b) of Amendment No 1 to the Engagement Letter shall be replaced with "Section 2(c) of the Agreement shall be replaced with 'upon the closing of a Transaction other than a Financing Transaction, a fee (the "M&A Fee") equal to the greater of (i) $500,000, and (ii) 5% of the Aggregate Consideration up to and including $15 million, plus 4% of the Aggregate Consideration over $15 million up to and including $20 million, plus 3% of the Aggregate Consideration over $20 million(so,for instance, if Aggregate consideration equals $18 million, the fee would be $870,000((15 million*5%) + ($3 million*4%)).' In addition, the M&A Fees shall be increased by $100,000 in the event the Aggregate Consideration equals or exceeds $6.5million"
Here is a summary of 2014 mobile Ad M&A...
When you do more DD on M&A, you can get an idea of HIPP patents and business valuation. IMO someone will pay more than $16M for HIPP.
http://blogs.wsj.com/cmo/2014/12/12/2014-was-an-ma-bonanza-for-the-ad-tech-world/
2014 Was an M&A Bonanza for the Ad Tech World
Consolidation has long been predicted in the advertising technology market, and based on the M&A activity of 2014, the deal-making appears to be well under way.
In January, Facebook snapped up video ad firm LiveRail for an estimated $400 million. Yahoo spent more than $200 million on mobile ad firm Flurry in July and then agreed to acquire video ad network BrightRoll for $640 million.
Google bought attribution company Adometry and fraud detection startup Spider.io. Rocket Fuel purchased data management tech provider [X+1]; MediaMath purchased Upcast, Tactads and Rare Crowds. Even Comcast got in on the action with its acquisition of Freewheel.
The list goes on.
According to data from Investment bank Coady Diemar Partners, ad tech M&A deal value from January to October of this year totaled $3.8 billion, up from $2.3 billion for all of 2013.
The raw number of deals is up this year, too. According to data collated by Luma Partners, a digital-media focused boutique investment firm, there were 82 significant ad tech acquisitions in 2014, compared with 52 in 2013.
“The number of deals was up considerably this year, but we’re also seeing dialogue pick up even further. In 2015 we’ll continue to see this continued pace of consolidation,” said Terence Kawaja, Luma Partners CEO.
Industry observers say it was only a matter of time before a “shakeout” of this nature hit the ad tech industry. The market simply cannot sustain the number of companies that are currently vying for a portion of marketers’ ad budgets and attention, they say.
“It’s not a surprise how this is starting to play out. The space is maturing,” said Brian Wieser, senior research analyst at Pivotal Research Group.
According to Mr. Kawaja, there are currently around 20 ad tech companies that are scaled and that bill more than $500 million a year, but there will probably be fewer.
“There’s not room for 20 companies, especially when you factor in growing market share of Facebook and Google,” Mr. Kawaja said, adding, “I don’t know what right number is, but it’s probably less than 10.”
Here’s a rundown of some significant ad tech acquisitions announced so far this year:
- Facebook acquired LiveRail for a reported $400 million.
- Rocket Fuel acquired [x+1] for $230 million.
- Yahoo agreed to acquire BrightRoll for $640 million, and acquired Flurry for $200 million.
- Rubicon Project acquired iSocket and Shiny ads for less than $30 million
- Publicis acquired Run
- Pubmatic acquired Mocean Mobile for a reported $15 million.
- AOL acquired Convertro for a reported $101 million, and agreed to acquire Vidible.
- Millennial acquired Nexage for $108 million.
- Google acquired Adometry and Spider.io
- Mediamath – Upcast, Tactads, Rare Crowds
- Comcast acquired Freewheel for a reported $320 million.
- Oracle acquired Bluekai for around $450 million
- Lotame acquired Admobius
- Quantcast acquired Struq
- Marin acquired Perfect Audience
- Twitter acruired Namo Media
- WPP acquired Bannerconnect
- IBM acquired Silverpop
- Acxiom acquired LiveRamp
- Opera acquired AdColony
You're welcome. I don't agree with your view that BK could have been avoided. When you look at AUGT/HIPP history you can clearly see the patterns on excessive benefits and paychecks at the upper management levels without any real productivity. Also you can clearly see that many of the benefits and liabilities were attached to any change in control/sale/merger transaction( saving their big F$#@#& A%$#).
Just review Court Docket No.12 (page 4-7):
http://www.omnimgt.com/cmsvol2/pub_46912/512325_12.pdf
You can see that many parties showed interested in the patents and the business. But nobody was willing to lend/offer another penny to this corrupted/expensive management and BOD. So the message was clear in my opinion, you file for BK and we come forward and buy your assets but not your FU$#@$# benefits, liabilities(that come from a traditional sale/merger) and golden parachutes.