Ok since no one has addressed this, I will, because you have made some inaccurate statements. Bebo is a very interesting social media company that in its heyday, was bigger than Facebook. Bebo was founded by Michael Birch, who made it highly successful. So successful, that AOL bought it for 850 million bucks. After awhile, AOL didn't put the resources into it to keep it up to date, and Bebo started going downhill.
Adam Levin bought it from AOL for 10 million, in hopes to turn it around. He wasn't able to turn it around, and many were unhappy. But they were already unhappy because AOL had already led to its demise. Later, the original founder, Michael Birch bought Bebo back for the bargain basement price of 1 million.
You attempting to make some kind of obscure and incorrect allusion that MMEG is somehow nefarious and linked to Bebo and Bebo's decline is completely inaccurate. The ONLY link Bebo has to MMEG is the link I posted long ago about Viximo, which was purchased by PKGM. Viximo has as a client both Bebo and StudiVZ (Poolwork's StudiVZ). Meaning these two clients utilize the Viximo platform.
Now, how is this a negative thing? It's NOT. Not one bit. You have either misread what you googled, OR you are attempting to confuse new investors with things you cannot back up.
In truth, IF Bebo were up for acquisition, I'd be licking my lips if Momentous acquired them or merged with them (and I'm not saying that is going to happen). Why? For what Bebo could be resurrected to become based on what it used to be. The platform is already there--in fact, Bebo has been proven to have some of the highest security features for users of all. I doubt its up for acquisition, but if it were, it would be quite the ripe platform for growth, IMO, if handled correctly.
Bebo is in the Vert Portfolio, as is Poolworks as is Viximo.
Nothing bad about Bebo. Not one thing. Facebook simply evolved faster, because AOL refused to remain competitive by taking necessary steps to keep it current and competitive. This is all quite simple, and not one bit nefarious, as you are alluding here.
Again, I caution you in your statements. Longs here have done a ton of DD, and know what they hold and what they have.
As far as the 12/31/16 10k, well, we've already got the new 10k out in April for a few weeks so don't know if you've missed that. Oh, yeah, there are even MORE risk factors in that 10k. Wise to put them there for those who don't understand the complex undertaking they are doing, as well as the risky future of the internet in terms of the future of the entertainment industry and how competitive it really is.
BUT, having said that, I make my own decisions based on facts, my own DD, and my own level of comfort with risk. To each his own. But you will NEVER see me on this board apologizing for Kurt, or anything he does now or has done in the past. Never. He's a business man. He isn't going to make everyone happy all the time. Too bad. That's business. TOO BAD.
Just as those unhappy with the pps, too bad. Kurt already stated this was a long-term hold, not a quick turn around.
He has kept current with all filings and updated shareholders continuously. He has also returned emails promptly, which he does if one is polite.
To "accuse" the CEO, Kurt Neubauer of "creating false hope" is just your opinion, and unfortunately, most here don't agree with you. We're all entitled to our opinions, but there comes a time when statements are made that are simply not what you are making them out to be--ie: Bebo. Your statement "About the failure of Bebo (which is now linked to MMEG)". MMEG is not linked in any way to any failure of Bebo. That is an incontrovertible fact.
"Lazy investors who do not do their DD." Again, false and quite the insult to the longs here who have actually done so much and such deep DD.
Is Momentous a game? Nope. Two acquisitions by Momentous in a couple of months is impressive. Closing soon on a third acquisition and much more coming like the production of the reality shows and more acquisitions of social media networks. They hired David Micek for a reason, and he's there to build out the social media networks as well as the OTT streaming platform. So much going on here that is positive, hard for anyone to put a negative spin on this.
Maybe you are one of the few who don't like this company, but I do and I know what I have here, and I've known it for quite some time.
