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Handyman responses:
#1 What? Really? Good advice there.
#2 If the people leading the charge are not excited about the idea. There would be no way I would consider backing them.
#3 If you paid attention, you would be in the know, with the exception of what they can't disclose due to FCC rules, contracts and deals with partners to remain confidential. Never have I felt they were "Hiding" anything.
#4 What?
#5 I happen to be a Forum admin. And I can personally attest to the fact that the only things that get removed are items that are offensive to the general populace of the forum. Or by posting things not related to the legion.
#6 And no where were they promised.
#7 I was investor #870 so I respectfully disagree, and I would like to know where you get the right to claim what other investors think.
#8 I am literally a partial owner of the company regardless of how small a portion that is. Sorry, factually, you are wrong.
And my point was that even as a small investor. They have taken the time to personally consider my opinions. In most corporations your opinions would not even be heard unless you were holding a considerable percentage of the company.
If you are disappointed in your decision to invest. Then do us all a favor and post a request in the forum and we will find a way to take those shares off your hands.
I personally do not feel you are a good fit for the Legion because you just do not understand the value of it at all. And am tired of hearing your baseless criticism posted publicly.
I am really questioning whether you are a paid troll by a scared competitor.
So now that there is official representation to speak on the things I can't.
What I would like to say as just an investor, is that Legion M was a risk I took early on 'because' of the character of the two leaders.
The vision they had made sense and every plan and project they discussed were equally genius when you look at the 'why.'
On the surface the fans (Legion) are thrilled because they targeted comic-cons to attract investors and in the very first year the Legion took them on a cross country journey through Comic-cons doing the Pitch Elevator. They did panels on Cosplay, They did Icons with Stan Lee and Kevin Smith, They promoted a Colossal Monster Movie, They honored one of the most creative geniuses of the comic world and threw a hella party at the Stark Mansion. We even got behind the scenes for some VR Horror flicks the Legion helped with.
Behind the scenes they were taking the talent of the legion, which includes writers, producers, actors, screenwriters, artists, techies and nerds and giving them each a voice and an outlet if they wanted to help make the legion stronger. They are organizing talent of all the these people and the vested interest of the legion is what is building the Legion.
Every step of the way they took us investors with, and despite the fact that all these projects in the first year seemed to be chosen solely to match the Legion Comic SciFi and Horror interests. Each of them had a strong strategy behind them to grow the Legion, create exposure in the industry and take us closer to profitability.
This was the first year! I never expected that much out of them.
So think about that. All those investors that were all just little buds in the industry with all that talent and will are now heavily vested in an up and coming company. So instead of being a movie conglomerate that was built by Venture Capitalist and Out of touch investment firms. The people that Love the industry will actually be driving it and taking a convoy of consumers along with them.
So what did I do in this round? I doubled my investment immediately and every time they come up with new ideas I end up adding just a little more.
If you are a typical Angel or VC investor or the Capitalist Wall Street type. This probably isn't a fit for you because you will never understand it. Nor will you help our cause.
The power of the Legion, is the Legion, and Jeff and Paul have become our Heroes leading us forward because they are perfect for the job.
The journey is already a pay off because we are loving the ride, and where ever we end up is just a bonus.
Well, that is because it was the first post I had read. I was unaware this was a larger conversation until after I left this post.
I will be happy to pull in some official Legion M ambassadors to discuss this, and they will be happy to answer any questions.
And yes I came to the defense of the Legion because the post was not well researched and was pushing incorrect information. And I am very happy with my investment, so much so that I doubled down in this round based on the actions I've witnessed over the past year.
If you really want to know how the Legion functions. All you need to do is go to their Legion M Members only page and without investing a cent they will welcome you into the conversation. They give regular updates on everything they can without breaking FCC rules or giving up potential deal details before they are finalized. But I challenge you to find a more transparent company that you are not on the board of.
Since they were unaware this conversation was going on without them. I'll pass it on. Because although I am part owner and proud of it. I am not an official voice.
I will pre-empt this reply by stating upfront that I am a first round investor in Legion M.
You are claiming that Legion M is misleading investors when you really don't know what you are talking about. Name me any other company that the actual CEOs will break into the conversation to explain it to the individual investors exactly what their investment means. Especially to an investor that can only afford less than a $500 investment. Go ahead, try it. Ask them a question.
Let me be clear, This is the most transparent company I have ever invested in!
The Wefunder Page clearly states the terms as well. They never pressure anyone to invest and the Legion is open to anyone even without an investment. In their public forum they go into depth about what it means, and numerous times have explained the voting rights to people.
But the points you are also missing is that the Legion actually does give us voting rights all the time. They are currently running a poll to decide the most effective use of advertising on Facebook. And although they are not bound to act on those votes. They do that specifically because they want the opinion of their investors and they do act based on the results.
And to your last statement. You are only looking at investors from this round. Previous rounds are not included in that tally.
So as you've seen I came to the defense of the Legion because I am an investor, and because they have empowered me to feel like an owner. Which is the true power of the Legion. As we grow we will have more defenders, more promoters and more consumers.
So before you taught about companies misleading people. You should make sure you aren't misleading them yourself just for the sake of air time.
QPSA purchased myYearbook in August of last year. At the time it was a $10-$11 stock.
The transition took place in December.
They announced that the merger was to build the two companies into a Social Discovery platform with an international audience. Neither name was fit for this. The two companies basically merged into myYearbook because myYearbook was a much more stable site with a strong user base and was reporting good revenues.
They had already built a strong platform on IOS and Android. And had various other revenue streams like SocialTheater.com that QPSA was already spending millions on through M.A.T.T. (Their largest investor). Last Quarter they completed the name change and had made numerous improvements to mobile and this is the first full quarter with the combined companies revenues. The mobile numbers that are public are shooting up. DAU, EAU, and MAU have all been climbing. They have been running ariel advertising campaigns on all US coastlines. They produced a Hilarious youtube video poking fun at the other social networks and have increased focus on the flirting, dating and discovering new people aspect. And they are introducing 6 languages in September or August. MeetMe has positioned itself to be the opposite of Facebook in that their users are their to find new people and be out there with their info as opposed to only connecting with those you know.
They report earnings on Aug 8. The MKT Cap is currently 72M with 36M shares and a 4M short interest. This stock has been beaten bad by the shorts and is trading well under value. Combined value of the two companies was once well over 200M. And all they have done is decrease debt and increase users.
It is expected by Longs that their mobile numbers will show a serious ramp. 10-14 M in revenues. With a 2 Million loss of shutting down the gaming department. Which after ZYNGA reported how bad that was delivering, that is actually a great way to cut expenses.
We are expecting a serious short squeeze come August 8. And Q3 is looking to be just as exciting. It is good you didn't get in back when you first looked at it. But you should certainly take a look again.
Disclaimer: I am all in long on this one and I am an ex-employee of myYearbook.
Yes, Yahoo is a mess. Two Shorts that control the board by posting the same things over and over again every 5 minutes.
Can't wait until we burn them. I think they are insane to short at this level. But I wouldn't be surprised if they are trying to keep the PPS low to load up more on the Long side.
Check out this pump on QPSA tomorrow Charles:
http://stockgumshoe.com/reviews/crisis-and-opportunity/facebook-for-just-4share-dehaemers-network-leveraged-entities-part-two/
Facebook IPO set for May 18
http://www.postandcourier.com/article/20120502/PC05/120509897/1010&slId=4
Well, in a word. Shorts.
As soon as the news hit the Yahoo message board yesterday went nuts with Shorts trying to knock the stock down. They got downright crude to the point of making personal nasty comments about the management of myYearbook. These people are friends of mine and it got so bad yesterday I had to say goodbye to that board. The shorts are downright wicked on this stock. My thought is though that the company is building a great forward thinking plan. They are showing where revenues are and will be coming from. A positive adjusted EBITDA. Double EPS. The news will push these guys out over the next month. This is certainly a long play, but the in between waves are due to the ability of these shorts to push the stock around in the near term.
Sorry,
I just got your message.
My Options were granted during employment with myYearbook.
They are now vested Common Stock that is being converted to QPSA stock on the Nov 10 merger.
I am not going to pretend to know all the ins and outs anymore of the financials. It's been a year since I was privy to that info.
I can tell you that MyYearbook revenues have been growing steadily since they turned their first profit years ago. They are moving heavily into mobile which is opening up a lot more advertising opportunities as well.
And MyYearbook's book are going to look a lot better than Quepasa's when all this has to be made transparent.
IMO if Quepasa stock would have been this low at the time of the agreement this deal would have likely been reversed with MyYearbook aquiring QPSA. Either way they are a great fit because they are closely aligned with Goals. And The CEO and two other MyYearbook members will be finding a home on the QPSA board.
Because of that, I plan on sitting on my options until the market starts to take notice what MyYearbook will add to this deal and then likely will still be fairly heavily invested for the long haul.
So, without solid facts to reveal to you. I do absolutely believe they can quickly reach that 100M and beyond.
Nevermind. I realize now that you are referring to a post in buyins.net.
Are you referring to my post?
If you are, then you obviously did not read. I am no longer employed by the company. I left last year.
My post was because people like Charles seemed to have a sincere interest in the stock. I have an obvious interest due to stock options. But aside from that I am no longer affiliated with the company. I believe I made sure I fully disclosed myself the first time to prevent responses or assumptions like this.
Hello Gentlemen.
I just started reading your posts because I have a personal interest myself in this company. I am a previous employee of MyYearbook. So I am not sure what I am allowed to say publicly, since I am not a seasoned pro at investing. I just know that I need to be careful.
I think at least I can tell you this much because it isn't publicly withheld.
MyYearbook is probably twice the company that QPSA is in the fact that they know how to monetize and are intuitively building new products. After their first year they were already making profits which is unheard of in the social network world. Their CEO G. Cook is a serious go-getter (Harvard Grad with a Million+ sale of his first company by the age of 26) and is taking a top spot on the board after the merger. He will be continuing his day to day role of leading the company into bigger and better things. They also take a strategy to go after the market that Facebook has left behind. Meeting new people. Which has even more potential than connecting with those you already know.
Some hope I can give you is that once the merger is complete. MyYearbook will have to release their financials and I think everyone will have a nice surprise at how well they do.
To fully disclose myself. I do have stock options from MYB, so I have a vested interest in the company. But I am speaking from the heart when I say the company has great value and I see a very bright future for it.
So I am joining this conversation because you guys seem to be following it very closely and I would like to keep an eye on what going on in the investment news as well.