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Just my opinion. It's to the point that next time we break .30 I don't think we will be coming down I'm hoping the momentum will keep us going to $2 area. Like I said would be nice to get some good news it has been all doom and gloom.
Whenever the short numbers get to high it's time to put the pressure on. Would also help to get a nice or from the company
Could be a major short covering as buying pressure hits this day after day. I have a hunch it starts in the morning. Imo
I will be buying! ARO!!!!
Great selection of shorts!
Shorts for sale
ARO is currently priced at post bankruptcy levels.....strong correction to. $2 soon. Imo
Bulls will attack in the am
American eagle at $15 a share Areopostale at .22. !!!!!
So did you get this shell?
Lol.... Shorts better cover......Facebook is in the house!
Thanks for all the info. Wonder if it will be at Facebook annual F8 on the 12th and 13th of this month?
Seems Novint stuff is a great addition to the oculus stuff. Facebook owns oculus.We have a patent connecting it to Facebook. Nice work guys.
from c/net
The technology has been percolating in fits and starts for the past 20 years. Now, it’s not only here, it’s the next frontier, and companies from Facebook to Google to Microsoft know that VR is likely the next step up from phones, tablets and computer screens. They’re all jockeying to dominate the next big computing platform.
Your gleaming vision of a virtual reality future may have to wait a while. Both Oculus Rift and HTC Vive buyers are facing delays and other headaches that are preventing them from getting their VR headsets as quickly as expected. In the case of the Rift, Oculus is telling pre-order customers that there was an "unexpected component shortage" that's pushing back delivery. The company is promising free shipping to these early adopters as compensation, but they won't get updated shipping statuses until April 12th -- not fun if you were previously poised to get one within days.
Would-be Vive owners, meanwhile, report that their credit cards were declined and didn't get subsequent attempts. The hiccup led to some buyers either losing their orders or being bumped back in the queue, which is bound to trigger a heart attack if you rushed to spend $799. HTC pins the problem on "processing issues" at banks and is aiming to resume orders in the right order, but it doesn't have a solid time frame for when everything will be fixed. Look at it this way, though: if you're a Vive buyer, you can at least take comfort in knowing that your Oculus Rift brethren aren't faring much better.
Yeah people want in cheaper. Don't think that will happen with Facebook connection. I think it will gap up at open personally. But who knows!
He also expects Facebook to expand on plans for its Oculus Rift headset, especially as it relates to attracting a mass-market audience. Oculus began landing in the hands of consumers Monday, as the company received upbeat reports from two other analysts.
I sure some big investers will be getting in this Monday also. The Facebook connection is undeniable. It's crazy that it's still at .03-.07 imo.
For sure!!!! He likes NVNT and so do I!
yep the Billionaire Mark Z is involved with NVNT. i really can't think of a more positive development for a stock trading at .03-.07......
Just because NVNT dident release any info yet, I'm sure Facebook will. Boom time
There must have been a switch in servers from yesterday?
Really? They have a deal of some kind with Facebook and you call that zero substance? Lol
Thanks man
Novint website down? Was it a complete buyout?
I'm sure many people are just finding out about the Facebook connection this weekend and are putting in buy orders. I really think that they will be jumping over each other to get in this. Has a stock trading at .03-.07 ever been officially linked to Facebook? Because NVNT has
Wow good thing I got in today. People will be bidding this up Monday morning! Facebook!!!!! Clear connection.
everyone keep an eye on Facebook filings also. Facebook will report all deals they are legit.
yeah well I'm sure this is a high value deal they spent 5 years working on that arm. lol Facebook bought it or they bought the whole company.
but Facebook will put out a 8k if they did buy it. people keep an eye on Facebook filings.
example
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 4, 2014
Facebook, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-35551
20-1665019
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
1601 Willow Road
Menlo Park, California
94025
(Address of Principal Executive Offices)
(Zip Code)
(650) 543-4800
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01. Completion of Acquisition or Disposition of Assets.
On October 6, 2014, Facebook, Inc. (the " Company " ) completed its previously announced acquisition of WhatsApp Inc., a Delaware corporation (" WhatsApp "), pursuant to the terms of an Agreement and Plan of Merger and Reorganization (as amended, the " Merger Agreement ") dated as of February 19, 2014, with Rhodium Acquisition Sub II, Inc., a Delaware corporation and wholly owned (in part directly and in part indirectly) subsidiary of the Company (" Acquirer "), Rhodium Merger Sub, Inc., a Delaware corporation, a direct wholly owned subsidiary of Acquirer (" Merger Sub "), WhatsApp, and Fortis Advisors LLC, as the stockholders' agent.
The acquisition was accomplished by the merger of Merger Sub with and into WhatsApp (the " First Merger "), and upon consummation of the First Merger, Merger Sub ceased to exist and WhatsApp became a wholly owned subsidiary of Acquirer. The surviving corporation of the First Merger then merged with and into Acquirer, which will continue to exist as a wholly owned (in part directly and in part indirectly) subsidiary of the Company. At the closing, all outstanding shares of WhatsApp capital stock and options to purchase WhatsApp capital stock were cancelled in exchange for an aggregate of 177,760,669 shares of the Company's Class A common stock and approximately $4.59 billion in cash to existing WhatsApp securityholders. A portion of the aggregate consideration is being held in escrow to secure the indemnification obligations of the WhatsApp securityholders. In addition, the Company awarded 45,941,775 restricted stock units (" RSUs ") to WhatsApp employees. On the closing date, Jan Koum, WhatsApp's co-founder and CEO, became a member of the Company's Board of Directors (the " Board ").
The Company has entered into a registration rights agreement (the " Registration Rights Agreement ") with the stockholders of WhatsApp, the terms of which require the Company to file, following the release of the Company's earnings report for the third quarter of 2014, a Registration Statement on Form S-3 covering the resale of the shares of the Company's Class A common stock issued to the stockholders of WhatsApp and certain of their transferees. Except with respect to the indemnification rights provided thereunder, the Registration Rights Agreement shall terminate six months following the closing date or such earlier date when all stock registered in accordance with its terms has been sold. A copy of the Registration Rights Agreement will be filed as an exhibit to the Registration Statement on Form S-3 to be filed the Securities and Exchange Commission (the " SEC ").
The Company issued the shares of Class A common stock described herein in reliance upon the exemptions from registration afforded by Section 4(a)(2) and Rule 506 promulgated under the Securities Act of 1933, as amended.
The foregoing summary of the Merger Agreement and the transactions contemplated thereby do not purport to be complete and are subject to, and qualified in their entirety by, the full text of the Merger Agreement, which was filed as Exhibit 2.1 to the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2014.
Item 3.02. Unregistered Sales of Equity Securities.
See the disclosure under Item 2.01 of this Current Report on Form 8-K.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 4, 2014, Jan Koum, WhatsApp's co-founder and CEO, was appointed to serve as a member of the Board, effective upon the closing of the acquisition. As described under Item 2.01 of this Current Report on Form 8-K, Mr. Koum was appointed to the Board in connection with the acquisition of WhatsApp by the Company. Mr. Koum will not receive any additional compensation as a member of the Board and will not serve on any committees of the Board.
In connection with his continued employment as WhatsApp’s Chief Executive Officer, WhatsApp entered into an offer letter agreement with Mr. Koum (the " Offer Letter "). The Offer Letter has no specific term and constitutes at-will employment. The Offer Letter provides that Mr. Koum will receive an annual base salary of $1 and he will not be eligible for a bonus under the Company’s bonus plan. In addition, Mr. Koum will receive an inducement grant of 24,853,468 RSUs.
The inducement RSUs will vest and settle over a four-year quarterly vesting schedule, with approximately 20% of the RSUs vesting on November 15, 2015 and, following such date, with respect to the first eight quarterly vesting dates, 1/20th of the RSUs shall vest on each quarterly vesting date, and with respect to the last four quarterly vesting dates, approximately 1/10th of the RSUs shall vest on each quarterly vesting date, subject to Mr. Koum’s continued service through each vesting date. In the event Mr. Koum’s employment is terminated by the Company or WhatsApp without cause or by Mr. Koum for good reason, he will be entitled to accelerated vesting of 100% of the unvested RSUs. The RSUs are subject to the terms and conditions of a Non-Plan Restricted Stock Unit Award Agreement (the "RSU Agreement") and Offer Letter. A copy of the Offer Letter will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2014, and a copy of the form of notice and RSU Agreement to be used for Mr. Koum’s inducement award was filed as an exhibit to a Registration Statement on Form S-8 (File No. 333-199172) filed to register the RSUs.
In addition to the compensation that Mr. Koum will receive in connection with his continued employment, the Company has entered into a standard form of indemnification agreement with Mr. Koum. The indemnification agreement, among other things, would require the Company to indemnify Mr. Koum for certain expenses, including attorneys' fees, judgments, penalties, fines and settlement amounts actually and reasonably incurred by him in any action or proceeding arising out of his service as one of the Company's directors, or service to any of the Company's subsidiaries or any other company or enterprise to which he provides services at the Company's request. A form of the indemnification agreement was previously filed by the Company as Exhibit 10.1 to the Company's Registration Statement on Form S-1 (File No. 333-179287), as originally filed with the SEC on February 1, 2012, as subsequently amended.
In satisfaction of the disclosure required by Item 404(a) of Regulation S-K, see the disclosure under Item 2.01 of this Current Report on Form 8-K. In connection with the acquisition of WhatsApp, Mr. Koum or his affiliated entities were issued 76,357,462 shares of the Company's Class A common stock and received approximately $1.97 billion in cash, a portion of which consideration is being held in escrow to secure the indemnification obligations of the WhatsApp securityholders.
Item 9.01. Financial Statements and Exhibits.
(a)
Financial statements of businesses acquired. The financial information required by Item 9.01(a) of this Current Report on Form 8-K has not been included with this filing and will be filed by amendment to this Current Report on Form 8-K not later than seventy-one (71) calendar days after the date that this Current Report on Form 8-K must be filed.
(b)
Pro forma financial information. The financial information required by Item 9.01(b) of this Current Report on Form 8-K has not been included with this filing and will be filed by amendment to this Current Report on Form 8-K not later than seventy-one (71) calendar days after the date that this Current Report on Form 8-K must be filed.
(d)
Exhibits
Number
Description
2.1
Merger Agreement. (Filed as Exhibit 2.1 to the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2014 and incorporated herein by reference).
This may just be the biggest deal of the year. Looking for some filing or news but in in so let's see. Facebook! Just crazy man
huge. I'm holding over weekend. this news will spread and we can hope for a official news about the deal. wow
That also explains why products are not available on website now.
do you think they work on the arm for 5 years to give it away to Facebook? You guys are dreaming this stock heading to $5 as details emerge
All Imo
Facebook wants to build this crazy arm controller to make VR even more realistic
Mike Murphy March 30, 2016
The future of reality. (Reuters/Kevork Djansezian)
This week, Facebook started shipping the first of its long-awaited Oculus Rift virtual reality headsets, but it may well have more VR technology up its sleeve—or, on top of it.
Looks comfy.(US Patent and Trademark Office)
A patent published Mar. 29 shows that Facebook has acquired the rights to develop an arm-mounted controller that can be used for virtual reality games. The patent outlines a product that can track the movements of the wearer’s arm, and provide feedback based on their actions and what’s going on in the game. Think of the vibration capabilities in a modern video game controller, but on your body.
The system would have haptic feedback across the palm and arm.(US Patent and Trademark Office)
According to people with knowledge of the situation, Facebook acquired the patent from Novint Technologies, a company that makes input devices for computers. Novint has been working on a product called the XIO, that looks a lot like the product in Facebook’s new patent, for at least the last five years. It has not yet released the XIO, and Novint wasn’t immediately available to comment on the status of its prototype.
Must read post
Call them back and ask them why you can buy 1000 other pinks and then tell them you will report then to the sec and take your business to another broker. This is headed to $1
Imo
its your broker. scotrade letting me buy
its pink. lol
the brokers are running out of shares...they are trying to cover. imo