Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You know, I've thought for a while now that the real reason for the 8-K on October 7th, with the positive news of a much lower OS than some thought possible, was probably to set the scenario where the company could sell enough stock to either pay off ASC Recap or make a allow Redwood to convert some of their credit debenture. i.e. to attract some fresh buyers for the conversion.
Who knows? Still STTucK here with the rest of the Longs.
That would be awesome. Thank you LYN.
I wish someone near Santa Barbara would go visit them. Hill did offer that he would give any investor a tour of their facilities... when he was still doing his job as the company's IR and communicating with investors.
Yep... looking at IHUB Trades, I would guess another 27 to 30 million in shares were added to the OS today from dilution.
Buyers ahead of Sellers today with 1.93 million in Buys against 1.65 million in sales... with a 1.4 million Buy coming in as an after hours T Trade. Prices were all at .0008 today.
True... but I think StreamTrack has been paying off some of heir ASC Recap with cash. Otherwise, the dilution we've seen doesn't explain the total reduction of the debt from the original $1 million, IMO. At least, I'm hopeful they are paying some debt with cash... otherwise, we have a long way to go at the PPS we're at these days.
If they could just release some decent news, and subsequently raise the PPS, we wouldn't be so worried about further dilution.
I's right in line with what several us thinkng... and is good news. It could have been much worse.
Was there anything noted in the 8K about RSC Recap or Redwood?
No Buyers today... just sellers. Looks like some of the Shorts cashed out.
According to IHub Trades, Buyers appear to be leading Sellers today.... another weird day in STTKland.
Since StreamTrack already has 5000 radio stations signed up, adding 5 more is just not a big deal, or even 11. but, they still should be releasing PRs on this so that investors know the company is continuing to grow.
Hill and Gravitz are killing us. I just don't get it. It only costs around $100 to release and publish a PR that will get picked up by the securities-oriented media. How much more money have they lost by not keeping the stock in the press, and by not building and sustaining enthusiasm for the continued execution and success against their business model.
This stock has sure been a learning lesson... it's just that I don't know what I've really learned.
My personal guess is Mike was embarrassed by not initially understanding the total ramifications of the ASC Recap deal. He continuously told us they were on better terms with their lenders than the concerns we expressed to him in our emails.
Maybe I'm giving him the benefit of the doubt, but I say this because he was very communicative at first. But, then he stopped communicating about the same time the stock price fell and the volume dramatically increased; Plus, the last 10-Q had a lot of new information on the ramifications of the ASC Recap deal... and possible dilution from their convertible shares.
I'm sure their securities law firm encouraged the new wording on the convertible debentures, and counselled Mike to keep his mouth shut until they get their finances sorted out... one way or the other.
In my opinion, it's actually remarkable they were able to reduce their debt to ASC Recap as much as they have - as shown in STTK's last 10-Q... so I'm hopeful that trend will continue, and that they will be able to renegotiate the terms of their deal with Redwood before the October 15th due date.
Having said that, there is risk that ASC Recap and Redwood will continue converting STTK's debt to shares. In the meantime, like all the longs here, I'm STTucK waiting until we hear back formally from the company.
On the positive side, the company has a real product that most of us Longs use, and both their advertiser and radio content providers seem to like. It's a good business model for both. The company's growth has been positive for the past three quarters, even as they've made substantial cost reductions.
The only real negative I have is that we still have not heard any recent news on new partnerships, new products, and product enhancements, or the current status of their patents. In my opinion, a company like this should be putting out PRs/ Announcements on a continuing basis.
Listening to LoadnLock's experience with the t-shirt, I suspect they are seriously understaffed and underfunded for the scope of work they are attempting to carry out.
AIMO,
According to the IHUB Trader section, all the sellers came in the end of the day. That must have been when the shorts came in, as before then there was primarily only buying going on.
The sellers nearly caught up with the buyers at the very end of the day.
According to IHUB Trades, almost all buying today. Interesting.
It looks like all the .0012s and most of the .0011s have cleared today, with no more sellers showing in Level 2. Interesting. I'm not sure what it means... but interesting non the less.
Of course, it is after hours... so maybe the Selling MMs pulled back their orders.
I've sent several messages to Michael Hill... whom I used to have a fairly decent relationship with. But he hasn't answered any in several months.
Totally agree!
That's what I like about this group of investors on this Board. Ask a question, and the long term DD'ers come out in quick response with good information. Love it! Thanks folks,
I wonder if Michael Hill is no longer receiving the $12K per month salary then? That would be a good thing.
This is the current Company Officer List on StreamTrack Media's website: About Us
Aaron Gravitz, Chief Executive Officer
LOCATION: Santa Barbara
Mr. Gravitz co-founded RadioLoyalty Inc. in 2011. He has over 15 years experience in the online advertising space. Prior to co-founding RadioLoyalty, Inc., he was the Chief Operating Officer of Lenco Media Inc, from January 2011 to September 2012 and the Chief Operating officer of AdMax Media Inc. from January 2010 to January 2011. Mr. Gravitz has experience in operating an advertising network, bringing products to market, and managing the entire media buying and selling process. His track record includes founding multiple companies that grew to over 50 million dollars in combined sales, with several leading to acquisition. Mr. Gravitz’ current responsibilities at the Company include, but are not limited to: directing operations, overseeing media buying and sales, product development, managing strategic relationships, directing customer relations, and broadcaster development. Mr. Gravitz received a bachelor’s degree in public policy and ethics from the University of California Santa Barbara in 2004.
Carter Toni, Vice President, Product Development
LOCATION: Santa Barbara
Carter Toni has been actively involved in digital marketing since 2004. He was brought on as an operating partner in the early stages of CashCrate.com, one of the largest online loyalty and market research platforms in the world. During his time with the company Carter expanded, both domestically and internationally, to over 4 million members while generating thousands of leads per day for advertisers. He excels in forming strategic partnerships, deploying digital marketing strategies and managing development for online loyalty programs and advertising networks.
Jessica Sweeley, Director of Advertising Operations
LOCATION: Santa Barbara
Jess Sweeley joins StreamTrack Media from RadioLoyalty™, where she directly managed the display and video advertising network on behalf of agencies and brands. She started her career in the digital marketing industry after graduating from University of California, Santa Barbara in 2009 with a degree in Communications, and has since been focusing on sales, operations and ad trafficking. With a background in performance marketing and a distinct understanding of optimizing branded CPM traffic, she has helped build RadioLoyalty into one of the premier destinations for radio content listening and monetization.
I may have asked this before... but I didn't see any responses. Has anyone noticed Michael Hill has gone missing from both their Web Site and IHub's STTK Company Officer List?
So they lose/ terminate a CEO... and no PR???
Almost two hours into the day, and no trades whatsoever? Yet a few days ago, the STTK saw its highest trading volumes. This stock never ceases to surprise me.
I was thinking we may only have 200 - 250 million shares outstanding... just a wild guess watching the heaviest days of trading.
I would hope and think we're pretty much done working through ASC Recap's convertible shares. But, yes, the critical issue is whether Redwood will extend their terms. If not, dilution will start anew, short of some amazing news forthcoming from STTK.
Do we even have 100 million shares of available float? That is the $64 question. Come on STTK (Hill)... we need some positive news!
Really? 17.9 Million Shares traded today in the low teens. ($.0011 - $.0015 PPS) Apparently, ASC Recap is still around.
I don't know what drove the sudden, huge and unexpected demand last week - maybe there was some sort of email-based pump going on; but, it's clear that demand has dried up. So, if the toxic financiers are still stuck with some of STTK's debt, and they still have shares available to sell... then they are likely just as STTucK as we are until new news comes out.
AIMO,
I agree. Lots of money changing hands over the past two days. I sure wish I knew what the catalyst was.
According to the trades listed for today, lots of selling going on today. Who's selling... Flippers or Shorters???
Looking at the huge volume on the ASK at .0018, I'm wondering if we have some shorts trying to cover. Or, do we have some speculators hoping to buy low before the run???
I totally agree with you King Koopa...
Out of 78.7 Shares Traded... I'd sure love to see some great news on STTK come Tuesday. Things could really get interesting fast.
Still something had to be driving this demand today. I hope it wasn't ASC hiring some pump and dump artists in to help them clear their remaining credit debentures. Then again, maybe that wouldn't be bad to be done with it once and for all.
See y'all next week.
Holy Cow! It looks like I missed all the fun today. I'd sure like to know what drove all the volume all of a sudden. I note there are a lot of new players in here posting too. My guess is some news must be spreading privately, cause I sure haven't seen anything public yet that would have driven this demand. Anyone care to share? :)
Still Long on Sttk...
I think it's simpler than just a bunch of malicious financiers trying to get their money back at the earliest possible time - although it sure appears that's exactly what's happening. Rather, there simply isn't enough demand to sustain a higher price that would allow those investors to sell their shares more rapidly and with less impact on the total OS.
So, I think our biggest enemy right now, is lack of communication from the company.
On the other hand, I've also seen games played by competitors and potential investors - who give out negative info and bad vibes on the boards while simultaneously shorting a company... just to make it hard for a start-up to get the capital they need to execute their strategic plans.
Who knows what we have going on here. But, until the company comes out with some credible news on their patents, new products, key partnerships, achievement of profitability, or an acquisition, we Longs are STTucK.
AIMO,
Talk about feeling left at the alter. Has anyone heard anything from the company, or Mr. Hill directly, since they released their last 10-Q?
I suspect our current high levels of trading have more to do with Longs trying to average down.
This Board's a Ghost Town today. Where is everybody?
I hope my post didn't come out sounding negative or sounding as if I was negative on the company. Quite the opposite. This company is even stronger than when I first invested in it at a much higher PPS. I am a committed long who wants to see this company succeed.
As I said in my opening paragraph... I think this company is doing exactly what it needs to do... and that their quarterly business performance metrics are proving that the company is being managed well. i.e. Their customer base continues to grow, costs are decreasing, revenues per listener minutes is increasing, and overall revenues are increasing - for three quarters in a row.
My only concern is the financiers who are dumping their shares in the interim. Each time they sell their shares they are increasing our OS and diluting the value of our shares - which decreases the PPS and thereby, per their convertible debenture agreements, increases the number of shares the diluters receive as compensation. It's a vicious cycle... but only if we continue to feed it.
In my opinion, there simply isn't enough demand right now to overcome the amount of shares the financiers can bring into the market at these low prices.
Of course, new investors may become attracted to this company and want to buy in at such low prices... and there's nothing any of us can do about that. Hopefully, they'll be willing to hold on to their shares too while we wait for this company to mature to profitability or become an acquisition target.
In the meantime, I don't have any major concerns with the performance of this company as a viable and growing business. Their focus is on introducing new products, as it should be, since that will further drive revenues, and hopefully achieve profitability sooner than would be possible with RadioLoyalty by itself.
AIMO,
In my opinion, this company is doing the things a company has to do to be successful in its business... and the business performance metrics show that. However, until the dilution stops, I wouldn't invest another penny in this stock.
All that does is play directly into the hands of the financiers. There is no other reason for the PPS to be down here at this extremely low level other than by dilution coming from the financiers who hold the convertible debentures. i.e. ASC Recap and Redwood.
In my opinion, the best thing investors can do is leave this stock alone until the company either pays off their investors, or achieves profitability - so that they can pay off their investors.
Even those who are averaging down... you're just playing into the hands of the Market Makers who are selling ACS Recap and Redwood's shares. They could easily burn through most of the 1 Billion Authorized Shares, if allowed to do so. Why create the very problem we're all so concerned about?
AIMO,
PS... I plan to stay long; but, I'm not going to keep chasing the diluters down into a death spiral. This company will rebound when their business model plays out to profitability or acquisition. Until then, I'm sitting on my shares. I hope other longs will too.
Until ~1:30 PM ET, Level II was not showing any trades today. I'm surprised, but also not surprised at the same time.
In my opinion, it makes no since for any Longs or new investors to buy more shares at the current prices, because all that will do is invite the Market Makers to go back to STTK's Financiers and release more shares, and drive the OS out of sight.
In my opinion, we should understand the shorters will continue to play their games, borrowing shares and selling short... but, if we Longs hold tight, that won't increase the OS.
Yes, we might not like the current PPS, but when STTK is finally ready to go with their patent information and product releases, the stock will run - especially if we Longs hold on to our shares until the PPS gets closer to what the company is really worth.
AIMO,
I think right now there is plenty of Supply but no Demand... basic economics.
I know what StramTrack can do... offer music for Marijuana Smokers! An instant hit for those traders following the MJ Stocks. lol! ;)
As the saying goes..."we only laugh at the things that hurt"
My guess is the PR that came out today was issued by Michael Hill in response to all the emails he's received of late, and/ or to stem the bleeding that occurred today. A bit late for that.
I have to say, I never expected to see a 22 million trading day from dilution. I would have thought the caps on the percentage of shares ASC Recap and Redwood can hold at any given time would not have allowed this many shares to get traded in one day.
22 million shares at an average PPS OD .0018 IS ~ $39,600. We have a long way to go if this is how StreamTrack intends to pay off its convertible debt holders.