Replies to post #1227 on Meet Group Inc (MEET)

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pf, this would be easier if you would read what I’ve written.

You say

as a fellow shareholder (or you an owner of QPSA stock?)

From my post # 1223: “I have plenty of concerns about Quepasa’s propensity to mislead about these “revenues” but the positives outweigh these concerns enough to allow QPSA to be my second-largest holding.”

You say

I really like management to get paid in stock.

Of course it’s positive that management is willing to be paid in stock when there’s no money to pay them. But let’s not fool ourselves. It is dilution under another name. You either sell stock to investors and use the money to pay your employees or – if they’re willing – you can pay them directly with stock. But the point I was making was that all the talk about cash flow break-even is not meaningful in these circumstances.

You wrote

Facebook, Zynga and Twitter all had early investors who gave the networks cash in order to get things rolling. AHMSA is an early investor like the rest of us.

I doubt if the Facebook, Zynga, and Twitter investors “gave” them cash. We are incredibly fortunate that Ancira appears to be doing just that. My point is that it is dishonest to persistently trumpet these gifts as revenue.

You wrote

There is only 13 million shares outstanding.

I prefer to use 25 million for shares outstanding. I don’t know why the 11+ million options and warrants shown in the June 10Q are not included in the diluted share calculations. But 25 million is still a low number of shares outstanding, and the market cap using that figure is still low.

You wrote

Everyone wants transparency. QPSA is the only publicly traded social network stock out there. QPSA is much more transparent than Facebook or Twitter.

I’m talking about honesty. Making misleading statements is worse, IMO, than no statements at all.

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As I said, QPSA is my second-largest investment (after Wave). I’m pretty sure that everyone here sees the big picture. Some of us just have different tolerance levels for a crafty presentation of the facts.