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I am following Worldspace and keeping tabs on the stock.
Remember:
Posts about or focusing on other Members or groups of people and their reasons for posting on the board (i.e. "XYZDownDaDrain" is just a basher, ignore him", "XYZToDaMoon" is a pumper", "the naysayers are very loud today", "c'mon, where did all the cheerleaders go?"). The post does not have to be addressed to a specific person. If the post is about other Users then it should be removed.
There is LITERALLY nothing left of this company but an empty shell. No satellites, no licenses, no employees aside from lawyers and bankruptcy related costs, no customers, no revenue...nothing but an empty shell. Those licenses were null and void once the company was liquidated.
Plus, even if those satellites were launched into orbit TODAY they're still outdated and antiquated technology.
It would be like installing an 8-track player into a 2013 model year vehicle and trying to convince the buying public that it's a modern entertainment unit.
I'm sure there will be some dead enders continually speculating about the INTERESTING! "news" that seems to pop off a Google alert that was originally posted several years ago. It's asinine to think that Sirius or Liberty itself will be rolled into this shell. If that happens, every share currently owned by Worldspace shareholders would be cancelled and void. That's a fact and cannot be disproven.
If speculation was rampant then this shell would be worth more than its current market cap of $85,700.
Think about that...
Further information: DreamHost is a registered trademark of New Dream Network, LLC.
DreamHost is a registered trademark of New Dream Network, LLC.
Company Overview
New Dream Network, LLC, doing business as DreamHost, provides hosting and domain services. It offers Web hosting, VPS hosting, dedicated hosting, server co-location, Web panel, and domain name registration services. The company was founded in 1997 and is based in Brea, California.
417 Associated Road
Brea, CA 92821
United States
Founded in 1997
Phone:
213-947-1032
Fax:
714-671-9098
www.dreamhost.com
The whois info for http://buythissatellite.org/ is hidden from public view. It's a dummy placeholder because the registrant doesn't want its true identity to be known to the public.
WHY?
There is nothing located at 417 Associated Road in Brea, CA.
http://maps.google.com/maps?client=safari&rls=en&oe=UTF-8&q=417+Associated+Rd+%23324++brea,+ca&um=1&ie=UTF-8&hq=&hnear=0x80dcd500161a7101:0xe0ace699ec0c57df,417+Associated+Rd,+Brea,+CA+92821&gl=us&ei=UEy6T47MFM6u2AXsx_jACQ&sa=X&oi=geocode_result&ct=image&resnum=1&ved=0CAwQ8gEwAA
Just a drainage ditch and a parking garage. There is literally nothing at that address, business wise. But, according to some people, they would have us believe the owners of such a domain are capable of raising money to launch a SATELLITE INTO SPACE AND MAINTAINING IT.
Laughable.
Exactly. It screams scam. Why would anyone give money to a "charitable" company that has a hidden contact name for its domain record?
Domain ID:D160464164-LROR
Domain Name:BUYTHISSATELLITE.ORG
Created On:21-Oct-2010 06:32:05 UTC
Last Updated On:22-Oct-2011 01:22:42 UTC
Expiration Date:21-Oct-2012 06:32:05 UTC
Sponsoring Registrar:New Dream Network, LLC dba DreamHost Web Hosting (R173-LROR)
Status:OK
Registrant ID:ndn-1232366
Registrant Name:buythissatellite.org Private Registrant
Registrant Organization:A Happy DreamHost Customer
Registrant Street1:417 Associated Rd #324
Registrant Street2:
Registrant Street3:
Registrant City:Brea
Registrant State/Province:CA
Registrant Postal Code:92821
Registrant Country:US
Registrant Phone:+1.2139471032
Registrant Phone Ext.:
Registrant FAX:
Registrant FAX Ext.:
Registrant Email:buythissatellite.org@proxy.dreamhost.com
Admin ID:ndn-1232366
Admin Name:buythissatellite.org Private Registrant
Admin Organization:A Happy DreamHost Customer
Admin Street1:417 Associated Rd #324
Admin Street2:
Admin Street3:
Admin City:Brea
Admin State/Province:CA
Admin Postal Code:92821
Admin Country:US
Admin Phone:+1.2139471032
Admin Phone Ext.:
Admin FAX:
Admin FAX Ext.:
Admin Email:buythissatellite.org@proxy.dreamhost.com
Tech ID:ndn-1232366
Tech Name:buythissatellite.org Private Registrant
Tech Organization:A Happy DreamHost Customer
Tech Street1:417 Associated Rd #324
Tech Street2:
Tech Street3:
Tech City:Brea
Tech State/Province:CA
Tech Postal Code:92821
Tech Country:US
Tech Phone:+1.2139471032
Tech Phone Ext.:
Tech FAX:
Tech FAX Ext.:
Tech Email:buythissatellite.org@proxy.dreamhost.com
Name Server:NS1.DREAMHOST.COM
Name Server:NS2.DREAMHOST.COM
Name Server:NS3.DREAMHOST.COM
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
Name Server:
DNSSEC:Unsigned
NON-FUNCTIONAL AND OBSOLETE SATELLITE.
Noah's satellite is not functioning and obsolete. It does not matter why he bought it since it will never be launched into space. This constant speculation about things that will not happen, EVER, is pure folly.
Just a friendly reminder to stay on topic. Posts should only be about Worldspace:
You are posting to the WorldSpace, Inc. (WRSPQ) board. Please keep your post about the stock and company. Do not post about other users, other stocks, or speculate about material UNRELATED to the present workings of Worldspace. This includes former owners with no affiliation at all to Worldspace. That is considered spam and those posts will be deleted due to violations of the iHub Terms of Service.
Your post may be removed if it contains off-topic or other content that violates the terms of the Terms of Service.
Posting statements that do not add value to the discussion (i.e. simply "LOL" or "Yes"). This includes general statements such as "Good luck...".
Thank you.
Please provide a link or source where anyone can subscribe to Worldspace. Current content only. Meaning, today. Not a podcast from several years ago. Not a link to a website that hasn't been updated since 2008.
Where can you, me, or anyone in the world subscribe to Worldspace that will activate a radio using existing satellite(s) that Worldspace has, literally, in space?
You won't provide the link because Worldspace is not currently broadcasting. Worldspace has ZERO subscribers. That is to say that the company has ZERO revenue from existing subscribers.
Sure, you can speculate all you want about the future of the company. Fine. Just stop misleading everyone about what the current state of the company is at this point in time. There is no content from Worldspace. The company is not broadcasting and that is a fact.
Books from 1940 have a current copyright. That doesn't mean the content is current. The information you suggested to be current is clearly from 2008. It is not current by any stretch of the imagination. Worldspace is not currently broadcasting yet you want everyone to believe, according to the link you posted, that they are an actively broadcasting satellite radio company.
Worldspace is not currently broadcasting. This is an unassailable fact.
Worldspace is not currently broadcasting. The stock symbol doesn't have anything to do with the FACT that the company is NOT BROADCASTING.
That page was created in 2008. Worldspace is not currently broadcasting.
World Zone (XM90 Online) - World Music. Removed 2009-02-06
Worldspace is not broadcasting. That iTunes podcast has ZERO content. Zero content meaning there are no episodes to download. Go ahead, try to download an episode.
In fact, further research shows:
World Zone (XM90 Online) - World Music. Removed 2009-02-06 from XM Radio Online and DirecTV as 1worldspace prepared to cease operations resulting from its bankruptcy protection filing in October 2008.
That page hasn't been updated since 2007.
Want proof that we covered this topic LAST YEAR?
HERE IS PROOF
I'd be impressed if the company finalized its reorganization within the next decade then turned a profit. I'd also be impressed if the 1worldspace.com website was live instead of just a placeholder with absolutely nothing to offer at the moment.
Here, look at this:
http://www.pirmarketing.com/portfolio/page3.html
Don't get your hopes up. The screen shot from when that page was live is YEARS old at this point. I believe that screen shot is from Summer/Fall 2007 because the Beyonce concert in Mumbai, India listed under the What's New column was October 27, 2007.
Italy won the World Cup in 2006. Think about that...
WRSPQ isn't a company in the sense that it is in business, has paid employees aside from those in the bankruptcy proceedings, and does not offer any services nor does it produce anything but debt. That has proven to be true.
The 1worldspace.com website is not active and the PIR Marketing contract was void once the company went into liquidation. Again, that's all in the documentation. You should read up on that. PIR Marketing may actually own the 1worldspace.com domain name at this point. A simple WHOIS search will uncover the owner of the 1worldspace.com domain and I highly suggest you perform that search.
Here, I'll do it for you:
Registrant:
The Mansion on O Street
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: 1WORLDSPACE.COM
Domain servers in listed order:
NS51.DOMAINCONTROL.COM
NS52.DOMAINCONTROL.COM
Who is working on The Mansion on O Street? PIR Marketing!
WRSPQ doesn't even own their own domain!!! THAT IS NEWS. Now, if you really wanted to do some research you should study DomainControl.com and look into the services they offer. You'll see the light.
Good day.
You should be banned as per iHub TOS guidelines.
SEC Rule 15c2-11 was designed to allow non-reporting public company's securities to be quoted on The Financial Industry Regulatory Authority ("FINRA") Over-the-Counter Bulletin Board ("OTCBB") by filing some simple disclosures.
Now, companies seeking to obtain a quote on the FINRA OTCBB must be required to file reports with the Securities and Exchange Commission ("SEC"). Under Section 15 of the Securities Exchange Act of 1934 (the "Act"), as amended, a company who has filed a registered offering with the SEC, such as an S-1 registration statement is required to file reports for one year. A company which files a Form 10 or Form 10-12G becomes a reporting company under Section 12g of the Act and must file reports. To be eligible for a quotation of its securities, the company's market maker must file a Form 211 with the FINRA, the company must have sufficient free trading stock in its public float to allow Rule 15c2-11.
The stated and un-stated listing requirements for the FINRA OTC-BB are as follows:
fully reporting with the U.S. Securities and Exchange Commission,
minimum of 40 stockholders of record holding at least 100 shares each (note: this number is informal and has been moving up),
must have a market maker submit 15c2-11 (Form 211) application to FINRA and agree to act as market maker for securities of company.
World Zone (XM90 Online) - World Music. Removed 2009-02-06
Worldspace is not broadcasting. That iTunes podcast has ZERO content. Zero content meaning there are no episodes to download. Go ahead, try to download an episode.
In fact, further research shows:
World Zone (XM90 Online) - World Music. Removed 2009-02-06 from XM Radio Online and DirecTV as 1worldspace prepared to cease operations resulting from its bankruptcy protection filing in October 2008.
Hardly. The lobbyists didn't stop anything. Genasense just doesn't work in terms of the needed efficacy levels and certainly isn't ready for mass production. It it was, wouldn't Genta release the product to market after an easy FDA approval? The FDA has denied Genasense.
A 295k buy at 18% below the ask. You don't find it odd that someone was willing to sell below the ask just to dump the stock?
Massive loss today! Down 18%!
Average volume: 33,431 shares.
Today's volume: 351,600 shares
DOWN 18.75%
WRSPQ
Sure, a pumper would say "When there's a seller there is also a buyer". Yeah, but they weren't buying at the ask. They were buying EOD when the stock was taking because TEN TIMES the average daily volume was being dumped. Face it, people want out of this stock. Bad days are ahead. This company has no assets and no revenue. It's a shell. A dead, dreary shell of emptiness.
You really want us to believe that you've spent tens of thousands of dollars on this stock in the past few weeks?
Time to buy another stock. It's been four years since I first bought Genta on the promise of Genasense. I'm still waiting for OMG!!! NEWS!!! that Genasense or anything else from this company will come to market. Ganite isn't a meaningful revenue generator. This company is dead. Ray should be fired and removed from power.
There is NO NEWS and NO BUSINESS here. The Worldspace "brand" that is used in India IS NOT AFFILIATED with this stock. WRSPQ is just an empty shell of an officially bankrupt company.
There is no deal with Malone. Speculating about that is just an attempt to pump the stock. Posters on this board have falsely speculated about a deal with Malone for years yet nothing has or will ever happen. Can I prove it? Sure. There is no deal with Malone to this point because a deal has not been announced. There is no reason for Malone to do anything with this stock until the bankruptcy court completes its process AND the Q is removed from the stock symbol.
Remember, folks:
Spam
Posting the same or similar content to more than two (2) boards within a calendar day;
Posting the same or almost identical post more than twice within a calendar day i.e. "where's the PR?", "anyone seen the PR?", "thought there was going to be a pr today?", "geez, is the pr coming out today or not?";
Sending the same or similar unsolicited PM to multiple recipients
Posting content that is off-topic to the subject of a board;
Posting statements that do not add value to the discussion (i.e. simply "LOL" or "Yes");
Posting excessively on one or more message board(s). If you feel someone is abusing their posting privilege in this manner, please discuss this with a Site Admin prior to removing any posts.
Spam that overlaps off-topic (see below) are posts containing content promoting other sites, stock-related or not, that has no use in the discussion (for example, if your board is about Ford Motor Company, a post or link about a home improvement company is not relevant to the discussion); and posting the same "noise" posts i.e. "to da moon" or "this stock is a POS" continuously without other relevant content. This does not mean that if someone asked about dilution yesterday, a similar post today is considered spam.
Did you look at the 2012 numbers and the 2012 news?
Yes. I've followed Genta since 2008. I'm the last person you need to ask about recent history with this stock. 2010 was a banner year for failure with Genasense. The company still doesn't have a product to market that generates any meaningful income.
GNTA just lost $32 million in Q4 2011 alone! $1 million outflow PER MONTH projected during the first half of 2012. Why is this POS company still in business?!
GNTA lost $32 million in Q4 2011 alone!
BERKELEY HEIGHTS, N.J., Mar 28, 2012 (GlobeNewswire via COMTEX) -- Genta Incorporated GNTA 0.00% today reported results for the quarter and year ended December 31, 2011. For the fourth quarter of 2011, the Company reported a net loss of $(32.1) million, or $(0.04) net loss per basic and diluted share, compared with a net loss of $(33.9) million, or $(14.46) net loss per basic and diluted share, for the fourth quarter of 2010. For the year ended December 31, 2011, the Company reported a net loss of $(69.4) million, or $(0.20) net loss per basic and diluted share, compared with a net loss of $(167.3) million, or $(246.04) net loss per basic and diluted share, for the year ended December 31, 2010. As of March 28, 2012, the Company has approximately 2.1 billion outstanding shares of common stock.
The financial results reported today reflect a number of considerations, some of which are noted below, and all of which will be reported in the Company's Report on Form 10-K. In September 2011, the Company issued September 2011 Notes totaling $12.7 million, along with September 2011 Debt Warrants to purchase $12.7 million of senior secured convertible notes, and issued September 2011 Warrants to extend the maturity of several of its outstanding convertible notes. In December 2010, the Company issued December 2010 Warrants and in March 2010, the Company issued March 2010 Warrants. The September 2011 Warrants, September 2011 Debt Warrants, March 2010 Warrants and the December 2010 Warrants have anti-dilution protection and can be exercised using a cashless exercise procedure; warrants with these characteristics are accounted for as liabilities and marked to market over their lives. On December 31, 2011, these warrants were re-measured, resulting in expense of $21.7 million for the quarter and $20.4 million for the year.
As previously noted and as detailed on Form 10-K, a conversion obligation for the March 2010 Notes in the prior year period was required to be temporarily "marked to market", which resulted in an expense of $55.8 million for the year ended December 31, 2010. The March 2010 Warrants are marked to market over their lives, which resulted in expense of $18.7 million for the fourth quarter of 2010 and $54.6 million for the year ended December 31, 2010.
Net cash used in operating activities during the year ended December 31, 2011 was $14.4 million, or approximately $1.2 million per month. At December 31, 2011, Genta had cash and cash equivalents totaling $2.1 million, compared with $12.8 million at December 31, 2010. We project that our average net monthly cash outflow will be approximately $1.0 million during the first half of 2012.
0.61 pre-market!
After the casino is operational what kind of PPS are we expecting in 2013 based on expected EBIDTA and/or net operating profits?
Down 63% after yet another pump and dump. Interesting!
Null and void shares soon?
Why would I invest in WRSPQ? Even if Sirius is rolled into the revamped WRSPQ shell, the shares someone would own in WRSPQ would be NULL AND VOID. So, again, I ask - what's the point in investing in this security? Interesting!
WRSPQ is in bankruptcy. Bankruptcy Proceedings and Company Stock
When a company is involved in bankruptcy proceedings, the letter "Q" is added to the end of the company's stock ticker symbol. When a company emerges from bankruptcy, in most cases the plan of reorganization will cancel the existing equity stock. The SEC advises the public to read a company's proposed plan of reorganization before purchasing stock in a bankrupt company.
For more information about the impact of bankruptcy proceedings on securities, please read the SEC's online publication, Corporate Bankruptcy.
Yes, I would like to know as well. This information is relevant to WRSPQ. Please show us a link.
1Worldspace is a shell. All assets sold. Worldspace is just a shell of a company at this point. There's nothing for SIRI to mutually endeavor to do with WRSPQ. Absolutely nothing.
Where are all those job postings mentioned earlier? I've only seen "chatter" and other forms of gossip. Does anyone have any proof? It's been weeks and I haven't seen any information regarding that matter. I want to see that information before I invest more money in this shell company.
A poster said: "I believe we have a shell"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68244240
Another poster asked for links to the jobs postings here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68226117
The response was: "I am working from my iPhone with limited network access. Setup google alert for wrspq, worldspace and 1worldspace. You should receive the notices. I saw another one this morning. It comes via my mailbox. For some reason I am not able to Copy the links from my mobile mailbox. Does anyone know why this is occurring?"
http://investorshub.advfn.com/boards/replies.aspx?msg=68226117
Google has no information for WRSPQ job postings. In fact, there are no job listings for any Malone related properties in satellite radio outside of Sirius from 2008 to the present day.
Several people on this board have asked about job postings/employment information. Please give us a link to a WRSPQ job posting within the past year.
Thank you.
SIrius ISN'T currently mulling a relationship with WRSPQ. Obviously that "info" is not interesting since it's over 2.5 years old. There is no speculative reason to think SIRI is interested in WRSPQ. Why is the SIRI "info" still there? That information should be taken down because it is misleading and in violation of the iHub TOS.
Rules are rules, people. Let's follow them.
Bankruptcy or another R/S.
I do see this company is making some big announcement and around the corner.
The Worldspace brand has some value in India. However, this means nothing to the WRSPQ stock because the revenue generated by the brand licensing deal will be a pittance. I wouldn't hype this situation to be anything more than that.
There is no contract with FIAT. Sirius has exclusive satellite radio rights in the United States market because the FCC isn't allowing entry in that market sector at the present time. FIAT's contract with Worldspace for overseas markets was nulled when the company's assets were liquidated. This is 100% factually true. I can prove FIAT does NOT have a contract with Worldspace because there is nothing to contract between the two parties. Worldspace can't provide a service to FIAT, GM, or any other entity that wishes to pay the company for its product.
Interesting!
There is nothing in the bankruptcy documents for anyone to believe there is anything to WorldSpace aside from NOLs. WRSPQ literally has no assets aside from the NOLs.
I'm not buying this stock until the company settles on a proper share structure. Ray and Loretta need to leave the company.
This is exactly what I've been thinking since 2009 after that RS. Excellent post. Genta has no idea how to bring Tesetaxel or Genasense to market.
Worldspace has no employees. The contractors the company is working with to guide it through the bankruptcy process are just that: contractors. Even Samara isn't getting a salary. Contractors and temp lawyers aren't employees.
Prove me wrong. You can't because, once again, I'm correct.
WRSPQ isn't a company in the sense that it is in business, has paid employees aside from those in the bankruptcy proceedings, and does not offer any services nor does it produce anything but debt. That has proven to be true.
The 1worldspace.com website is not active and the PIR Marketing contract was void once the company went into liquidation. Again, that's all in the documentation. You should read up on that. PIR Marketing may actually own the 1worldspace.com domain name at this point. A simple WHOIS search will uncover the owner of the 1worldspace.com domain and I highly suggest you perform that search.
Here, I'll do it for you:
Registrant:
The Mansion on O Street
Registered through: GoDaddy.com, Inc. (http://www.godaddy.com)
Domain Name: 1WORLDSPACE.COM
Domain servers in listed order:
NS51.DOMAINCONTROL.COM
NS52.DOMAINCONTROL.COM
Who is working on The Mansion on O Street? PIR Marketing!
WRSPQ doesn't even own their own domain!!! THAT IS NEWS. Now, if you really wanted to do some research you should study DomainControl.com and look into the services they offer. You'll see the light.
Good day.