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Been in this stock for a year. Top institutional investor is New Mountain Capital. I keep an eye on what they do. Insiders are also heavily invested in their stock. Been good so far. One year target is $5. Closely watching.
What’s goin on today?
Wainwright put the 12 month target at $5. Hope they’re right.
Hopefully headed for $2 and beyond!!!!
Thanks for the input.
Any ideas out there about the drop?
What happened at the end? Any ideas about there?
Sub penny finally. Triple 000's here we come. Next thing they do will probably be another reverse split and wipe out all of the current shareholders. I don't post much but follow this pretty closely. Had some of this stock back when it was Zaldiva. Been quite a while. This looks like a crash and burn, dead in the water kind of thing. Too bad. Jmho.
Can somebody weigh in on this? Read in the pr that Studio City received 2.5 million preferred shares that are convertible at 10 cents. Is it possible or probable that they might reverse split to get to that 10 cents if this doesn't run soon. Someone with more expertise than me please give an opinion.
They have been promoting on twitter this week that FONU2 is coming soon. They have not tweeted that way in months. So, perhaps they secured their financing to start the big marketing campaign. They have also been saying their app is coming soon. Hoping this takes off.
They have been looking for a partner to invest capital to initiate a proper marketing launch, probably nationally and internationally. They had a PR earlier that said they were looking for a partner. Perhaps they have found one. Would help if they would release that information if they have indeed found capitalization.
Their finalized site is coming and they also have said they are working on an app. It has apparently been in the works for a while. Hopefully they will be ready to market this thing after the first of the year. I have been following them on twitter for a good while. Sounds like they are getting ready for the official launch. I hope!
This company has not acquired a business partner to help market their business plan. They cannot move forward without capital. No PR's to suggest they have made any progress.
That is exactly right. I have followed these people for a long time. This is a lot of old news. They have a great concept but it takes money to get it to the market. Just look at their 10K's. This thing needs backers or try to sell the concept to Facebook, etc.
If they had officially secured financing we would know. There is just simply no news in a long time. Makes me think they are struggling to obtain the financing to carry this thing forward. All this cheap buying today. Just remember someone is selling and bailing out. Their OS is still 149M.
This PR release is a year old.
They promised an app many months ago. They signed up beta testers months ago. They have needed funding. There is no indication anywhere they have secured a financial partner. This pr says soon to be launched. I hope so, but there would be indication from them if a partner was helping to move them forward. We need legitimate news from them. Their google page is months old with 10 sign ups. The pr you have here really says nothing concrete. I have lots of shares myself so I am hoping this flies but I am looking for verified facts.
How do you know that? They have been looking for a partner for a long time.
This thing isn't going anywhere without capital from a potential partner to help them market their company. PR release in the past said they were looking for capital through an investment bank. They are apparently struggling to get that done, can't find a partner. The accumulation means nothing right now. Been watching this stock for a long time.
This is tanking.
BKRT and NITE are market makers. BKRT is Mercer, Bokert, Buckman and Reid, Inc. and NITE is Knight Securities Inc.
Anyone out there have any pearls of wisdom on this thing? Hoping for the best I guess.
Wow, sell-off and death spiral continues - .008
.0099 Death spiral. Need a miracle.
The massive sell off this past week makes one think this stock is in the tank. If you look at the software they have created it will take millions of users to make this work. A previous post I saw suggests they have 200 sign ups in five months. If that is true this thing is going nowhere without national marketing capability. Right now there are a lot of us who are down significantly. I'm hoping for a miracle. But the way it dropped last week I think this is headed for sub-penny if they don't figure something out quick.
This stock is sinking. Down to .025. A lot of people are losing their shirts on this one. Not good. Anyone out there have any hope for this stock. Thought they had real solid, industry experienced people helping them. This stock looks like it is heading to sub-penny.