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Has anyone seen any news? This run seems to have some momentum!
Crazy activity the last 2 hours!
It was about 150k shares over a 2 minute period, but now it's looking like 350k shares have been traded over the last hour.
That was a very large buy order that just went thru!
Big news out today!
Something is going on! This thing never trades 500k shares to the upside in the first hour.
Lots of volume driving this today. Anyone see any news?
You must be looking at the old website somehow. The older version no longer works. The new version is very different.
It works fine for me! The only problem is I don't know Chinese so I have no idea what anything says. Doesn't look any different from the new design rolled out a month or so ago.
Has anyone read the SEC filing posted on 12/20? Seems they pushed the deadline out again to 1/31/14.
Any comments/thoughts/concerns?
They were on the agenda to host 1 on 1 meetings not to present.
Last 3 minutes of trading.....impressive!
If anyone is going to be on the call it would be greatly appreciated that you report back to the board! Thanks in advance.
2Q Investor conference call on Wednesday 8/14
Anyone have any comments/ thoughts on Shane stepping down as CEO
Amazing what a little news can do! Trading at $2.10
NEW YORK, July 11, 2013 /PRNewswire via COMTEX/ -- YOU On Demand Holdings, Inc. (YOD) ("YOU On Demand" or the "Company"), the first national Video On Demand (VOD) platform in China, announced today that C Media Limited ("C Media"), a leading mobile video service provider in China, has made a strategic investment in YOU On Demand totaling $4 million USD, with the right to make an additional investment of between $12 and $21 million USD. The C Media investment will allow YOU On Demand to more aggressively leverage the booming mobile video space and establishes the mutual goal of entering into a mobile distribution deal in the coming 6 to 12 months.
The investment would occur in two phases ("Phase 1" and "Phase 2") as summarized below:
-- Phase 1: Phase 1 entailed a $4 Million USD investment which closed Friday, July 5, 2013. C Media has acquired 2,285,714 shares of 4% Series D Convertible Preferred Stock (the "Series D Preferred Stock"), at a purchase price per share of $1.75. The Series D Preferred Stock is initially convertible into common stock on a one-to-one basis.
-- Phase 2: C Media and the Company have agreed to act in good faith to finalize an agreement pursuant to which C Media would make an additional investment totaling between $12 to $21 million USD by acquiring shares of Series E Convertible Preferred Stock (the "Series E Preferred Stock"). The purchase price per share of Series E Preferred Stock would be $1.75 and the Series E Preferred Stock would be initially convertible into common stock on a one-to-one basis. Phase 2 is expected to close, subject to execution of definitive documentation and satisfaction of certain closing conditions, including obtaining shareholder approval and all necessary consents, on or before October 31, 2013.
Commenting on the strategic investment, Mr. Xuesong Song, co-founder, Chairman, CEO and the largest shareholder of C Media said, "Shane McMahon and his team are building YOU On Demand into a world-class company with impressive content and cable distribution capabilities. I have been impressed with their recent penetration into the cable space and I believe their organization is uniquely positioned to take advantage of the tremendous growth potential in China's booming entertainment market. We look forward to partnering with YOU On Demand and utilizing our mobile industry expertise to support the ongoing expansion of their Video On Demand platform and complementary services."
Shane McMahon, Chairman of YOU On Demand, stated, "We are extremely pleased to welcome C Media as a strategic investor and partner. C Media's significant investment is not only a strong vote of confidence in YOU On Demand's business model and potential, but it will also help address the Company's financing needs for the foreseeable future and allow management to focus its time on pursuing growth opportunities."
"We appreciate C Media's long-term strategic view of YOU On Demand," continued Mr. McMahon, "and believe that having access to Mr. Song and his wealth of experience and success in China, as well as C Media's mobile expertise, will play an important role in YOU On Demand's success over the years to come. Our organization continues to aggressively pursue its strategy of providing the best and highest quality entertainment to consumers in China and partnering with C Media represents a tremendous opportunity to further expand our distribution footprint."
YOU On Demand currently has content deals in place with many of Hollywood's top studios including Disney Media Distribution, Paramount Pictures, NBC Universal, Warner Bros., Miramax Films, Lionsgate and Magnolia Pictures, as well as a broad selection of the best content from Chinese filmmakers.
Chardan Capital Markets, LLC () acted as the sole placement agent for the sale and purchase of the Series D Preferred Stock.
The Series D Preferred Stock offered has not been, and the Series E Preferred Stock will not be, registered under the U.S. Securities Act of 1933, as amended, and neither the Series D Preferred Stock or the Series E Preferred Stock may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
For a more detailed summary of the material provisions of the strategic investment, please see the Company's current report on Form 8-K that will be filed with the Securities and Exchange Commission today at .
About C Media Limited ()
Founded in 2004, C Media is a mobile internet company offering a variety of mobile video solutions and related value-added services through the networks of the PRC telecommunications operators including China Mobile, China Unicom and China Telecom. The company produces online community applications for video, music, movie and targeted marketing, and is dedicated to building an open mobile internet video platform. In 2007, it established a joint venture with China National Radio (CNR) offering mobile video services. In the last few years, the company has developed into a market leader with rich media contents and established distribution channels. In 2012 and 2011, the company ranked 3rd and 23rd in the winner lists of Deloitte Technology Fast50TM China, respectively; it was also ranked 6th and 133rd in the winner lists of Deloitte Technology Fast500TM Asia Pacific in the past two years.
C Media is headquartered in Beijing with more than 400 employees. It has wholly owned subsidiaries and branches in Shanghai, Tianjin, Wuhan, Chengdu, Xi'An, Harbin, Jinan, and Shenzhen. The company has received certifications for High and New Technology Enterprises, Software Enterprises, and ISO9001. It also holds the licenses and permits of Audio/Video Programs Dissemination via Information Networks, Value-added Service Business, Radio and Television Program Production, Internet Culture Operation, together with more than 40 software copyrights and patents.
Interesting price/volume activity this morning
Those must have been the shares OSM bought at 1.54 (low of the day) and sold to you at 1.65.......because that's how you do it!
It really is that easy guys
Sorry to trouble you with my simple mind!
What pricing model is that called anyway?
Can you plug the actual numbers into that calc? I was really looking for an actual calculation with real numbers to show your $0.30 estimate.
Can you provide your calculation on the $0.30 a share?
I had the below response ready until you decided to delete the last post.
1. Yes, I understand past tenses. Since your post was after the market had closed that day it makes my assumption you were referring to the days activities a legitimate one.
2. I have never once made a statement about the stock price low or high
3. I have never once watched wrestling or even knew who Mr McMahon was prior to this. I was aware who his father was, but not him.
4. I am not trying to make a point. I am simply asking you to explain these random cryptic messages you keep posting.
5. I am still waiting for you to substantiate your comment that 80% of revenue is going to royalties.
After all it is in plain English!
Did you not read your own post??
"I exited on the high and rebought on the low in same day. Have many more shares now"
So, if you sold on the bounce and bought on the low, where are you know on that purchase? This is not a complicated question. I am only going off of what you said.
Post# 2670.....were you not implying that is what you did that day?
Can you confirm they are paying 80% of their revenue in royalties?
On Tuesday you said you sold on the highs (which was at the open) and bought on the lows (which was at the close). Yesterday was essentially a wash, so where are you at know?
Also, where are you getting the 80% goes to the studios?
Make that $2.19 with 42k shares traded!
The accumulation continues!
5 minutes into today and we are at $2.16 with 16k shares traded
123k shares traded
Last trade @ $2.08
The buying has definitely carried over from last week. Higher highs!
Interesting trade activity this week and especially today. A lot of trade execution at consistently higher prices. Someone wants the shares and doesn't want to wait!
I briefly scanned the article and I'm pretty sure it said who (an online division of the MLB) was running the PPV. The article seemed to focus on web based PPV and said nothing about cable based PPV.
10K has been posted
While I share your concern. Keep in mind YOD has access to movies prior to release on DVD and in some cases prior to release in theaters. This was by design to help combat the pirated DVDs. Also, keep in mind when CD/DVD burners first came on the market everyone was up in arms that it would ruin the music and movie business, but that did not happen. It was in fact the digital/electronic access to movies and music that changed the business. YOD is in a good spot in terms of tech advances in a market that has not been exposed at this point. People pay for Netflix, Hulu, ITunes because they want quality (i cant stand netflix and the constant buffering, but its still better than the DVD's my brother has brought back from China). It will happen in China... When? Nobody knows, but it will happen.
Interesting SEC filings today. It seems the SEC is questioning some things on the 2011 10K as well as the 3Q filing.
Thoughts?
Actually....... YOD did a reverse split to get listed, not to avoid getting delisted. But you probably already knew that with your stellar analysis of the company in your previous posts.
Micmacpole... We have disagreed in the past, but you are dead on with your statements.
My guess would be their genuine dislike of pro wrestling
Let hope it's not another pump n dump newsletter that is pushing YOD. The buying has been steady all day without any consideration for the price. If its one person/fund that is buying they are taking whatever they can get their hands on!