Viggle Inc (fka VGGL)

[Sheepdog]

Those stupid institutional investors....Buying over market!

You had better wait to see if any institutional investors step forward @ $2.50. Sillerman hasn't been very kind to past institutional investors, most of them losing almost all their money. How about that initial group 4 years ago who bought at a split adjusted $112 losing 98% of that money. And how about the next group......whoops...nobody stepped forward on that one (except Sillerman who then renegotiated a toxic agreement to do it).

This "Raise", if it happens, entails 100% dilution for existing shareholders, including the old institutional investors. And that money is only enough for another 5 months at best.

A dilute raise is never in the shareholders best interests unless it entails expansion of a proven money maker. Raising money to simply staunch the bleed is fated to failure.