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The web site is a huge improvement. Somebody with access to Nick needs to tell him the grammatical difference between "your" and "you're." The banner at the bottom of the site misuses the term twice.
This could and should be solved by Chieco issuing a quarterly dividend. Even a .0002 dividend would cost the company only $150,000 (assuming 750M O/S). It would have the dual effect of skyrocketing the share price and forcing the MMs to account for all of their shares. If sales are what is claimed, this seems like a no-brainer.
Yep. They get 1 percent of each loan at closing. $2,600 per loan already in the chute. They've said, I think, that their preliminary review suggests that over 60 percent of applications meet approval criteria. Pretty good math for 150M O/S and 250M A/S.
This is why we're waiting on them to announce their "relationships." I assume the relationships will be with large lending institutions/banks. If that's part of their public rollout, we all will make lots of money. The $5 million isn't to back loans, it's to process and service them. I assume they're working with big fish to back the actual loans.
It means they don't charge a fee to the applicant. Loan servicers charge separate fees to the actual lending institution. It's generally less than half a percent of the loans value. Sometimes the lender does servicing in house, and sometimes it's outsourced. Saying they charge no fees doesn't mean they're not getting their compensation for servicing/managing the loan.
By the way, am I totally nuts to think that something crazy may. happen with KMAG.
I'm not on much (I posted on the A Train board way back when; I think a majority of my posts on various boards are deleted because I talk too much shite), but I can't let DF leave without a fight.
I'm in three right now: MDIN, MINE, and FFFC. I think June/July will be good for all three. Not quite ground floor for me (MINE from .0007, MDIN from .004, and FFFC from .005), but they all still have tons of room to run.
Maybe this summer won't be so bad for pennies after all....
Post of the day. Worth everybody's time to read.
Here's the problem: Janice is right on this. Whatever happened with the poster or the reporter doesn't have a thing to do with the fact that Kinross is saying that SRGE lied. I've been long for months (and taken plenty of pot shots at Janice), but this thing stinks.
Wouldn't be any fun if all 500 million of the new shares went to the NYSE JV partner, would it? Maybe half for the partner and half for the monsters on the BOD -- kind of like a thank you gift for closing the deal.
How do I "book" this, whatever that means? In other words, when this doesn't go anywhere near .0035 tomorrow, where does that get "booked," if anywhere? Any help you can give me on this would be much appreciated.
I think this is exactly right. You know the one thing in this entire thing we actually do know? The identity of the BOD members. I could care less about daily fluctuations and, even though I trust some of them, the crazy pumping posts. I care about the guys actually pulling the strings, and I'll catch their coattails any day of the week.
Well said. My DD begins and ends with the BOD. If folks look into these guys, it'll tell them all they need to know about what's going on here.
I agree, something big is up. I've said it before -- the BOD is what tells me that we're going places. Honestly, I could do without the obvious pumping throughout each day. Really doesn't matter whether we ended up at .014 or .015 today. This BOD was brought on to make deals and make themselves rich. If they get rich, we get rich. And they wouldn't be here if they didn't know they were getting rich. The increase yesterday was a piece of the puzzle. I think it'll be part of the large transaction that is about to occur. I expect to hear something pre-market Monday. And the web site being down is like a cherry on top.
Web site is down. I think we're about to get rich.
And you still haven't. Read the PR.
Actually, even if this is a valid email exchange, SCCO IR denies only a buyout. The JV question wasn't posed at all.
There's something pretty fundamental here that folks should keep in mind. Spend an hour tonight doing DD on the board of directors. These guys are political and financial monsters down in Mexico. Ask yourself this: Why did they put their reputations on the line and join the SRGE BOD? In my opinion, there's only one logical answer, and it's simple: Because they know they're going to make serious money. These are the guys with all of the restricted stock, and they didn't get in this for two cents per share. They're there to negotiate the acquisitions and sales, and I think they know they're getting rich. And, if they get rich, so do we. I know everybody wants to get rich fast, but just let this BOD do what they're there to do, and you'll all be rich soon enough.
Pretty tough to take somebody seriously who not only misspells about a half dozen words in one completely non-sensical paragraph but also manages to misspell his own I-hub handle.
Yeah, but MD&A's don't adjudicate lawsuits either, do they? It's very easy for Bandera to file a motion trying to reclaim what they screwed up five years ago when the price of metals wasn't what it is today. That motion gives them no claim to a right they forfeited long ago. And, that claim is not in the court's hands any more than the title to your home if I decided to file a lawsuit tomorrow alleging it was mine.
This post is right on point. The biggest thing here is the appointment of the big wigs to the board. That fact alone puts to bed the doubt in any reasonable person's mind all of the nonsense spread on this board by half a dozen jokers who seem to spend every waking hour bashing this stock. The BOD gets populated, and then they run this small dividend to get things straight with FINRA and set themselves up for the big dividend toward year's end. Don't over think this folks, and block out the noise. I'll place my bet with this BOD any day of the week. (And just remember, those guys are the ones with a lot of the restricted shares, so they stand to benefit just as much as anyone.)
I'm pretty unlikely to take advice on a Mexican mining stick from somebody who doesn't know how to call Mexico.
We've already had to explain to you what a capital expenditure is, and now you need to be educated about what a subsidiary is?
Don't forget your gibberish -- we can always count on that, too.
I know -- surprised it took them so long to pull it down, while the post I mocked is still up. These bashers are all such clowns.
It's actually "but for whom," not "but for who." I've been reading your senseless bashes for weeks and finally couldn't help myself. Your posts suck, and ICPA is going higher. No question.
Why don't you go look up the definition of "capital expenditure." No matter where you look, the term "acquire assets" is featured prominently.
The best DD over the past six months has told us (or, at least some of us) that they're going private, probably to BD. Logic tells us that BD wants our shares, and the BOD has done everything it can to get them. This could have been the last, big move. Hell, they got some of the most serious longs to sell millions of shares, even the shares of those who repeatedly warned us they would do whatever they could to get our shares and that we shouldn't blink. The BOD can justify going dark and issuing vague PRs. They may have plausible deniability on this by saying EK is simply a crazy, disgruntled employee who, by the way, doesn't even live in the US. BOD walks and EK is untouchable. Hopefully they finally have enough shares and we can end this. I'm ready.
It certain would have been a reason for Goldfarb to step down -- if Compass was negotiating with Atrinsic to buy Spyder. I remember speculating at the time that it was a possible indication that Compass was buying the whole company, but maybe it was just Spyder. Also, selling Spyder could well have meant the end of the agency business.
Actually, PPS went up this week in large part because of Punch TV deal and anticipation of CC announcement soon. In wake of interview, we know that Punch deal means no dilution and $10-15 M in revenue first year. Add that to another $50 M annually from CC, about which we'll learn soon, and we're already at annual revenues about twice current market cap. Somebody correct me, but I believe we're in an industry where proper market cap valuation is probably at least 2X revenues. In other words, PPS based solely on CC and Punch should be 4X what it is now.
Thanks for the invitation. I've been thinking about that for some time. That's why I'm holding, and will be buying more tomorrow.
I do not believe for a second that they're going bankrupt, because they have very little debt ($3.2M at most, we think) compared to the value of their assets. That doesn't mean that Giordano wasn't brought in to administer what might look like a BK sale -- because, again, some of us believe that the most valuable assets the company has consist of IP. IMO, the Controller was brought in several months ago to value the assets of the company and confirm that the company is more valuable to its stakeholders as a holder of IP than it is as some kind of advertising agency (look at his resume -- it fits). Now, Giordano is brought in to administer the asset sale. Maybe the sale means going private (e.g., BDE, Dyne, Krassenstein, etc.) or maybe it means a sale to an "outsider," but I agree that BK isn't a feasible option because the company had little debt and additional outstanding shares to pay any outstanding debt but didn't go that route.
This share price may go down. It may go up, marginally. But, make no mistake, this company has assets worth far more than its current market cap, even when combined with any outstanding debt. I said this last week -- Emanuel Krassentein wasn't sitting on his hands for the last seven years here. He created value for this company and its BOD, which, by the way, remains completely in tact.
I do not believe for a second that they're going bankrupt, because they have very little debt ($3.2M at most, we think) compared to the value of their assets. That doesn't mean that Giordano wasn't brought in to administer what might look like a BK sale -- because, again, some of us believe that the most valuable assets the company has consist of IP. IMO, the Controller was brought in several months ago to value the assets of the company and confirm that the company is more valuable to its stakeholders as a holder of IP than it is as some kind of advertising agency (look at his resume -- it fits). Now, Giordano is brought in to administer the asset sale. Maybe the sale means going private (e.g., BDE, Dyne, Krassenstein, etc.) or maybe it means a sale to an "outsider," but I agree that BK isn't a feasible option because the company had little debt and additional outstanding shares to pay any outstanding debt but didn't go that route.
This share price may go down. It may go up, marginally. But, make no mistake, this company has assets worth far more than its current market cap, even when combined with any outstanding debt. I said this last week -- Emanuel Krassentein wasn't sitting on his hands for the last seven years here. He created value for this company and its BOD, which, by the way, remains completely in tact.
It's in the employment agreement that everybody signs when they agree to work for a company, particularly in the technology industry. No different for him -- IMO Atrinsic's employment agreements look like most others. It's also in trade secret and IP laws both state and federal.
Emmanuel Krasenstein has been working for Atrinsic, not BDE. All IP he has developed with or without Kazaa is Atrinsic's.
Roag, BDE may have dumped/shorted shares on the way down from dollars to .008, but I believe they bought at least the majority back at or near the bottom. BDE has always had a majority of shares -- just not the super majority they anticipated because we all swooped in. In my opinion, that's why the private equity firm is required. I don't believe for a second that BDE ever lost control of this stock.
Bingo. See everybody at the announcement. Let it happen, folks.
I agree with Roag. This was a giant F U to iHub. Folks have been hounding them, and this was their little payback. Timing and venue just too perfect. Carefully responded to only by Rifkin and a consultant. Message in the PR is something that is vague but at the same time something that is obvious: The company is streamlining in order to distill to its most central and profitable piece. Fong didn't lie. These guys say it's a real PR, which it is. They're just PR'ing the obvious to mess with us and so BD can pick up a few million shares dirt cheap at the last minute. Hell, I bet Atrinsic did try to include parts of the company in a deal with BD but BD wanted only the affiliate piece and the IP. PR is truthful in that respect, as well. Almost have to give them credit -- they executed pretty well.