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Twitter Expected to Field Bids this Week
http://www.wsj.com/articles/twitter-is-expected-to-field-bids-this-week-1475621345?mod=yahoo_hs&yptr=yahoo
I see after hours trades of $24.45 recently. Anyone see any news?
The article is exactly 6 months old.
Up 6.5% on huge volume. Looking good. Gotta be some news coming out.
Looks good this morning. Looks like $17 is going down.
Well we hit 17, now we have to close above it.
TWTR coming back nicely on a very bad market day. Good sign!
Broke through 17 nicely. Let's see if it holds.
Top Trade: Twitter worth $7 or $70?
https://finance.yahoo.com/video/top-trade-twitter-worth-7-211500924.html
I think that is what he calls it. Either way, he doesn't get paid on it.
DA makes a salary of about 160K a year I think. But he hasn't drawn any of that salary in years because the money hasn't been available. He records it as a loan payable to shareholder and than usually converts it to shares. So I don't think he is doing it for the cash. At the end of the day he is going to have a mountain of worthless shares of stock.
I actually wonder how he has been supporting himself the last few years since he hasn't been drawing a salary.
CNBC mentioned that Goldman Sachs put a price target of $40 on Twitter. That would be wonderful.
https://finance.yahoo.com/video/twitter-move-165800663.html
The stock has gone from below $14 to $18 and you have continually made money shorting the stock. I am impressed. GLTY
got them at $1.81, they went down to around $.90. They are at $2.25 right now.
June 2016, 20 strike price
Good luck with the trade. I am betting the other way. Got some June 20 calls about 10 days ago. Saw them lose over 50% of value. They are now back in the black (for now):)
TWTR looks like it is moving back up today, even in a down market.
The 4th qtr has never gotten released on it own.
I am rooting for the merger or buyout.
I do agree with you that 1 good quarter would make this stock fly from here; at least temporarily, so that maybe we could make some money.
Fill, I hope you get it and I hope you make bundle on it for having the b#alls to do it.
Me too. My hope if good 3rd quarter. Really good 4th qtr and then hopefully someone buys them out if DA takes away all the restrictive shares which he thinks is protecting him, but are really killing him.
Probably reintroducing Bravada website.
This company is like watching Groundhog day, when something doesn't work, just start all over again.
I can't figure out what Danny cares about or why he does things? Everything he does amazes me in a bad way.
They would be great numbers if they could pull it off.
How close were you on your last quarter's estimate?
Buy the float and DA still runs the company due to his preferred shares. He would have to give those up, before anyone would buy the float. What he doesn't realize is that he would probably be a lot richer if he did this, because the stock would have some potential with someone else making the decisions.
Maybe you were lucky that you weren't executed. Who knows how low this thing will go. Zero is definitely a possibility.
I wish I could join you, but I am already all in on this one. Unfortunately my average cost, which I used to think was great, is around .0037.
Taki, I hope you get your 31 million and I hope you make a ton of money on them! Good luck to you.
31 million shares on the bid. Hope they know something I don't.
If you really believed that someone might pay .35 for this company, you would be mortgaging your house and buying these shares at a 99.57% discount to what you believe the share price should be.
You also don't understand that even if someone bought 100% of the outstanding shares, DA would still control the company with his ridiculous preferred shares. Now who in their right mind would do that?
Thanks for the review Doc. Much appreciated.
I'll second that. Happy Memorial Day to all vets, including those that post here, Thatguy and all others.
Nice to see you Beezerr. Hope all is well with the family.
I sure hope you are right. I never thought we would have to wait this long though:)
Somebody is getting a lot at .0017. Hope you do well:)
Somebody is buying big today. Almost 10 million shares traded in 20 mins and up 15%. Come on Danny, give us a nice surprise today!
Biggest reason for huge loss is they took 297K of depreciation, which is 4 quarters worth of depreciation, which is a non-cash expense. They also took a 137K hit to clear out the AR clearing account, which were probably the result of past accounting mistakes.
Quick overall assessment in my opinion:
Someone is starting to clean up the financial statements which is great to see. They still have to write off some old assets that have no value.
Most important number is Actual Gross Product Sale for quarter were 529K, which I think most of us are happy with.
I am happy with the results base on quick analysis. I think we finally may have an accountant in place that knows what they are doing.
The problem is that the 3 quarters of 2013 gross revenue were double that figure. That is why, in my opinion, the price is so low, is that no matter what the revenues are, there has been a significant decrease in revenues and nobody knows how low they will go.
I think the reason that he is so quiet is that there is probably nothing positive for him to say. Not looking good:(