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Wednesday, May 02, 2012 2:09:18 PM
Mythical Atrinsic PR if your post holds any water:
"Atrinsic Interactive has chosen to enter a dark period with the SEC. During this period, we intend to save on auditing and regulatory fees we would incur to keep our shares trading on the Nasdaq. As our core business begins to shift, we fully intend to strengthen our business so that a return to a fully reporting company will occur. We will, from time to time, update shareholders with information pertinent to our return to Nasdaq."
Now, 3 more questions:
1. Why sign the Kazaa deal, only to deep six it later?
2. Why issue millions and millions of shares to certain note holders? Those note holders need to be identified.
3. Why cancel all remaining shares for your employees?
3 simple questions, all pointing to the fact that if they were actually doing what was in the best interest of shareholders, they wouldn't have done any of those items, and would have had the forsight to shut down Kazaa before they spent SHAREHOLDER MONEY on a losing proposition, only to do a 180 within months of signing that deal.
Man...WTF!
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