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They haven't filed financial in 1.5 years... I don't think they care about filing officers either.
They do NOT own 'You Everywhere Now." TPNI purchased Instant Customer and Traffic Geyser and some of the intellectual property of You Everywhere Now. The old owner maintained the YEN corporation. When TPNI could not afford to continue to make required payments to him, they came to an agreement to reduce their debt in exchange for giving him back the IP for some of the educational products. He is now selling those programs through YEN. The IP that they returned ownership of also happens to be the most profitable part of what they had purchased yielding 2M in revenue in the year before the original sale.
YEN and TPNI have no ongoing working relationship other than when someone asks a question about a TPNI owned product or service they refer them back to talk to TPNI. In fact the owner of YEN no longer uses the TPNI software tools to manage any of his marketing and is recommending competitive tools to his current customers.
Fidelity no longer allows customers to buy TPNI. Since I have some siting in my account got a notice from them that it's no longer eligible for purchase through them at all.
They have been saying Q1 financials would be coming "soon" since they announced they would be late with them back in June. Not really reliable details here. and what about Q2 #s?
You think news will help this? The news is so bad that they haven't even published their financials in over 1/2 year.
Conference attendance was TERRIBLE, no new offerings presented (so nothing that drives new revenue) and they are months behind in releasing financials. Its surprising they have been able to maintain .0001s as a price.
They can't even figure out how to file their Annual Report, which on June 29 they said would be late and done by July 14. Still waiting. There is no way they can manage to do a reverse split if they can't even figure out their own financials.
Based on what. There is nothing cyclical about their business. Any nothing cyclical about their failure to file financials or ignoring repeated questions about if/when they might do so. That doesn't bode well to the likelihood they are planning on staying in business.
Active on twitter does not equal sales. And in any case if they don't file financials and get delisted it won't matter anyways.
knowing the ins and outs, I'm surprised they haven't had to declare BK already. If they treat this like they still are treating their vendors, then they'll just ignore any inquiries about what is going on and do what they want when they feel like it.
Do they get delisted, now that they missed their filing deadline and the extended filing deadline?
Not only missed their filing deadline, but now missed their late filing due date. Was supposed to be posted on or before 7/14. Nothing yet from the company.
Brothers are independently wealthy thanks to dad. Nothing to do with the company.
"A Falling Star that is failing due to incompetence!"
New company review from current employee on GlassDoor.
https://www.glassdoor.com/Reviews/Employee-Review-The-Pulse-Network-RVW11119869.htm?utm_source=company-follow&utm_medium=email&utm_campaign=company-follow-ri&utm_content=company-follow-ri-review-link
"A Falling Star that is failing due to incompetence!"
Current Employee - Anonymous Employee
Pros
There are really none, I guess I could say I receive my paycheck mostly on time.
Cons
Terrible Management
Not willing to put money into systems that can improve their platform
Blatant lying to clients
Management are all brothers so in turn every idea turns into a family dispute
Benefits are terrible
Advice to Management
Get your heads out of your rear ends before you lose everything, listen to your employees.
There is no news during the conference that will be about TPNI. Its not a TPNI conference. They simply are playing the role of the Kelly Girl and running the check in booth. Any news from NFPA will be about the actual safety show. Not who ran check in.
When you see news about the auto show, you don't hear anything about what company it was that put the carpet down in the exhibit hall. It's no different.
We need news that shows that TPNI actually is increasing the # of customers they are bringing on board. Unfortunately that's not what is actually happening right now. They are loosing customers faster than they can acquire them.
NFPA is irrelevant for the stock. TPNI is not there promoting themselves. They are simply running the check in and registration desks on behalf of NFPA. They gain NO exposure from this. It's not how the event management business works. As far as anyone attending the event is concerned the folks from pulse who are there (most of whom will be local temps anyways) are just part of NFPA.
Any impact on the stock would have taken place only at the time that tpni announced they won NFPA as a client. The event itself is meaningless.
Correct. This event in no way creates exposure or sales opportunities for TPNI outside of what the conference paid them to run the event registration system and manage the event check in.
The conference is on Fire and Life Safety. the people going to the conference are all people who work in that field. Pulse Network is in the content marketing software business and the event management software business. None of the PEOPLE attending the event would be the people interested in content marketing. And even if by the off chance they were, they wouldn't think to tell the guy checking them in to the conference about it.
Pulse is not exhibiting at the conference, they are not teaching anything, they are not sponsoring anything. There is no exposure for the company at the event. To the event attendees the pulse network people at the event are simply the people who will check them in for the event, give them their badge and bag to put the brochures from the expo in and will look like they work for the conference.
Pulse was hired to work on behalf of the conference. It will be seamless to the attendees and they will have no clue who Pulse Network is. In the event management business, the event management company is paid to behave as if they are the conference promotors... not to market themselves to the attendees.
Yes really. They have actually been late 3 times in the last 1.25 years, Twice in just the last 6 months.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=11189544-913-7202&type=sect&TabIndex=2&companyid=856162&ppu=%252fdefault.aspx%253fcik%253d1521013
and another
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10783861-912-6328&type=sect&TabIndex=2&companyid=856162&ppu=%252fdefault.aspx%253fcompanyid%253d856162
and another here
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10305465-913-6365&type=sect&TabIndex=2&companyid=856162&ppu=%252fdefault.aspx%253fcik%253d1521013
And by the way the "big show" is irrelevant in the scheme of things. The show has little more impact than a big catering job does for a restaurant. It's just simply 1 client for the company (and they do not have anywhere near enough of them). They get no exposure from the show. They simply are hired staff and technology. Just like if you attend a business conference and there is a team at the back of the room managing the cameras and microphones. Those guys are just employed by the conference. No one knows who they camera guys are. The camera guy's business gets nothing out of it other than the business for the conference. It's a blip in time and the next week the camera guy needs another client. In TPNIs case it's even worse since the business they are actually in is marketing software. So when they practically shut the company down for 2 weeks to handle a big show (which is what they do), then no one is actually working on generating revenue from the primary purpose of the company. The big shows actually hurt them in the long term. They are taking the business right now because they need every last bit of revenue they can get to try to stay out of bankruptcy.
If you mean the NFPA conference in Vegas, that has no bearing on how TPNI will do. That simply is a customer that hired them to run the checking / registration for their conference. It's just one customer. It's not enough revenue to cure their continual loosing of money.
The conference has nothing to do with what TPNI does, and they will get no exposure from it that matters. They are not an exhibiter, they are not running any sessions, none of their staff are speaking or teaching at the event and most of the people checking in will even have any idea of TPNI's role as it will appear to them that they are just dealing with the conference.
None of the people that attend that conference are even good prospects for TPNI since it's something completely different from their market.
What conference. Their website, their twitter, their Facebook all have no information about a conference.
Most of the time when they mention a conference what they are referring to is a client's conference who happened to use them to run the registration and check in. If it's one of those there is nothing that will impact the stock. That would be like saying that Subway's stock would be impacted because the Chicago IBM office ordered a lot of takeout.
If it is actually a conference they are running, they are doing a very poor job marketing it because there doesn't seem to be any information about it online (and they aren't promoting it to their mailing list). Do you have a link to something that promotes the conference you are referring to?
Yes, seen the new app. It is terrible. Does not catch them up to the competition. It's very buggy, and it's over-priced compared to the competition.
Traderlife, have you actually tried the app?
$1.2MM in Assets is meaningless. They have 5x that in liabilities.
Low because they have LOTS of Debt, Negative Operating Capital, and continue to loose money. They also are loosing customers faster than they are signing new ones so that trend is expected to accelerate.
Actually that is DISMAL activity. That page is so their customers that they manage events for can download data updates. According to that page in may and June combined they are only managing 5 events. That is horrible. For that part of the company to become profitable they need to at least 5x that.
Here is your update: Company continues to loose money, Customers are fleeing so the gap keeps widening. No buyers in site. Management refuses to replace themselves with people who might actually turn things around.
There is no company owned Latin America Site. The site you are referring to is just a guy who is a reseller. The reseller is a great guy. And he has a very cool business, but its a 1 man shop. The portion of his business that is reselling TPNI software is very small. And most of the customers he is bringing on don't stick with the software solution more than a couple months since the software still isn't translated to spanish so his users (and their customers) keep getting software prompts in english.
No company is not doing good. and MSCI Inc downgraded PULSE NETWORK INC COM from 2 to 1.
Company struggles are getting worse. They have not been able to stop the exodus of customers nor bring in new ones anywhere near as fast as they are leaving.
GreasyPT, don't worry if you can't pick up the 3s. After financials release there should be opportunity to pick up 2s if you really want in.
The App is irrelevant won't affect anything. Their own customers don't care. The release video / training that you pointed out is where they told there customers about the app and how to use it. It has only been viewed 49 times (and a bunch of those views were from people here).
Their own customers don't care about the app, because it does not even catch the company up to the competition in the space. They are WAY far behind anyone else in their space and the app doesn't do anything to fix that.
Plus try to find it on the apple app store. You can't. They couldn't release it there. Has anyone heard of an app that was actually successful where they tried to bypass the apple app store? No, because that is not how the mobile market works. If you have any chance of your app being successful it has to be there.
Despite Robin's attempt to make it sound like the app is meaningful, the company itself doesn't care. Want proof take a look at any of these places to find mention of their new fangled app:
-The company Website - nothing about the app there
-The company Twitter page ( https://twitter.com/thepulse ) nothing posted there since January. Nothing at all about the app. Come on now, a content marketing company that hasn't posted any content to their twitter account in 4 months?
-The company Facebook page - nope not mentioned there
-If it was going to help the company sell something maybe the sales manger would say something about it on his twitter of Facebook page, right? Nope no mentions there.
-Maybe the CEO might have something to say about it? Nope. nothing on his twitter of Facebook pages either. (there is one post to a linked in article about why mobile matters, but it goes to an article from one of LinkedIn editors that makes no mention of anything the company's software does or the company at all.
-how about the COO. The head of operations for a content marketing company would surely think to post something on his twitter account about this new mobile app they released (robin's video said it was released not coming soon). Nope. In fact this content marketing genius has only 1 twitter post this year where he was bragging about earning a badge from Jet Blue.
If that was the news you were hoping for to make the company stock soar, its not it. The only news that will help is if they change management or sell the company. Hopefully one of those 2 things will happen soon. If they get a new CEO, COO and Director of Sales we might see some changes that matter.
News won't help. The news surrounding the company is all quite bad. They are behind on development releases, their customer count is dropping, they are loosing customers faster than they are recruiting them, and many of their top employees have left, they continue to bleed $ and there is no end in sight.
No. They did not make $2m last year. They LOST more than $1.8M
The worst that could happen is that the company goes under. Definite possibility here. They can't find financing and they don't have the cash flow to pay bills. They've laid off as many people as they can part with already so they can't shave payroll any further to bring down expenses.
Call whomever you want. I'm not the only one they owe money.
Even if you choose not to believe that, it easy to find online that
1) Their employees don't like them
2) Their customers are really fans (and they are leaving faster than they are acquiring them).
3) That their former top resellers / consultants / fans have mostly left and are using other tools now
4) Check around online and you'll fund a good number people who did contract services for the company who regularly have 60 / 90 / 120 day waits to get paid.
5) That they don't actually implement what they claim works for marketing. They push how great their tools are for content marketing, yet they don't publish their own, nor curate anywhere near the amount of content they preach. If what they were selling works, don't you think they'd use it?
6) The software they sell and tout for doing email marketing, lead capture pages, online webinars / webcasts, newsletters, video distribution, membership sites, social media scheduling. Try finding even 1 reputable website that even has them listed as an option for doing any of those things, let alone recommending them. No one in their industry likes the software.
7) Try finding even 1 ad for them online. Why are there no ads driving web traffic to add new customers to their tool? its because they can't afford to run even the most basic FB advertising campaign.
8) Research their case study clients that they keep bringing out on webcasts for TPNI Engage. Go to their websites and product pages and you'll see that even their case study clients are not using the TPNI tools anymore on their own stuff. They have moved to
A company can not succeed if clients don't like using the products, employees don't like working there, and top talent doesn't want to do work for them.
What is your name? No I'm not going to give you m personal info on an anonymous website. Yes they owe me money. I'm one of lots of vendors who are owed money by this company. I once bought in to the BS that comes out of their CEOs mouth, but the reality is they do not deliver.
I'm by far not the only vendor that has issue getting paid. They have had lots of people completely stop offering them services or demand payment up front because of this ongoing problem.
It's pretty simple to find vendors and customers to of theirs to talk to. It's pretty easy to do if you are dong any real looking around. You will find their customers are not happy, their vendors are not happy, and based on what it says on glass door their employees are not happy. Why do you think the product manager for their TPNI Engage product left the company?
Their software is so uninteresting in the market that you can't even find anyone that has reviewed it. Try looking for software online to capture leads and do auto-responder sequences and TPNI Engage isn't on the radar screen anywhere. It's not on anyones list of here is software you should evaluate. Same thing if you look for software for running webinars or webcasts. Same thing for generating lead pages. Something for content marketing.... Heck Kissmetrics has a list of 50 tools for content marketing and they didn't even make that list. They aren't even considered in the market by anyone who writes about or reviews the tools in their space.
Custom attrition is huge. Customer acquisition is almost nonexistent.
How far can a company actually go if no one likes their products, and no one likes working for them or with them. This is a company who says who pitches how critical content marketing is and how their software helps make it easy, but doesn't follow their own advice. Just look at their Facebook pages to see how much content they publish and or curate. They don't even buy their own pitch.
It's not difficult to confirm any of this online.
So yes, its the right Brian. You're just buying into his BS Propaganda.
Stephen is the same way. talks a great game, promises the world, lots of good things about to happen. None if it ever does. Been that way for a couple years.
He thinks of me as a vendor, not an investor. They owe me money. He gives different answers when he thinks its an investor on the phone. when he owes you money you get a different story. I know several companies that they owe money too that get the same excuses.
As I said talk to the people that work with them. Talk to customers. Talk to Vendors. at best those people think they are OK to work with. Usually they regret working with TPNI. Check out what employees say on glassdoor when they can be anonymous. No one involved with the company likes them or thinks that it is going anywhere.
If you have actual relationships with employees (as I do) you'll know that they fear how long they'll have their jobs. multiple layoffs in the last year and always because they couldn't afford to keep paying, not because of consolidating or re-organizing. Their version of re-organizing is to get rid of people and give their work to someone else who already has no room on their plate and then yell at them when they can't absorb 2 more peoples full time work.
I've talked to brian. Brian has a tendency not to always tell the truth about the company finances.
Brian's very frequent answer about why he can't pay the company's bills is because they don't have the cash flow for it. The awaits ever payment from corporate clients with baited breath so that Nick and sit down and figure out which vendors can they stave off by partially paying.
They do not have enough cash to pay their bills. A common answer for vendors to hear about when they will get paid is "there was a wire transfer we were expecting yesterday that hasn't come through. once it comes in we should be able to issue you a payment."
They have project that NEED to be done in order for them to catch up to their market that they can't start simply because the talent they need to implement them won't start on projects anymore without payment up front.
Talk to customers of theirs. Talk to vendors of their.
Very, very few people that do business with the company likes them.
Not cash flow positive. This company is loosing money. And their losses keep growing.
People have posted that they've talked to Saber, or their CFO, or Robin (the tech support guy for their least profitable product). Saber has a history of saying what people want to hear and then not delivering. Check out the comments about him on glassdoor. The CFO isn't going to release any info that is damaging to someone that calls on the phone. Try talking to some of their vendors about trying to get paid by them. Robin is so far down the influence ladder that he's not likely to know anything of value anyways.
Try looking at these things:
-Their glass door profile to see what the people who work there think of the company when they are anonymous.
-Talk to their customers - those that are left (and they have been flocking away) universally have complaints. Among that being that just about everything the software does there is a better, more widely accepted and less expensive solution out there. Those that are still there are mainly there because they feel stuck because of marketing campaigns that are already running and can't easily be changed.
-Check out their Facebook pages. The Pulse Network and TPNI Engage. They put themselves out there as a content marketing company / platform, yet they haven't posted any content to their own more than 10 times combined between the 2 pages. And the content they did post has less than 20 likes, 1 comment and 0 shares. They can't seem to execute on what they say is a core competency.
Look, I own shares and am underwater so I hope that this thing goes up, but the reality is that this stock isn't really going anywhere until the company revitalizes and probably gets new management and a major investor. Don't let the fact that the ceo went to harvard delude you into thinking the company is solid. Lots of harvard educated run companies fail. This one is loosing money, needs major upgrades to its technology to even get even and current with the market, and doesn't have the cash, capital or access to credit to make the investments right now.
The notes converting is not because of anything good that happened. The notes were due. They could not pay. The note holder pretty much had no option but to take a portion of the company (in the form of preferred stock) or to sue and get nothing since the company had nothing to pay.
tpni.com is old (and meaningless) news. They did that MONTHs ago. In fact when you go to the link for TPNI University and look at courses you'll see that they don;t have any training courses that have been released in 2 years. Thats for a company that used to generate close to $2mm in revenue at high profit margins every time they released a course. Used to do it 2 times a year.
And for the courses they have, they must not be selling any of them because the username of the person managing them on Owaller hasn't been an employee for 6 months.