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  • And I trust in Judge Scott C. Clarkson, who will recognize, that the not needed criminal convertible-bonds-financing from March and teh not needed planmed chapter 11 was parts of a planned robbery of criminals from the Management and the new convertible-bond-holders. I am sure, Judge Scott C. Clarkson will report this criminal activities to the SEC, too.

    Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.

    After my estimates was the the offering of convertible bonds in March and the bankrupty not necessary. if the management had sold the not needed assets – after my estimate it was a planned bankrupty to robber the assets of the company and the shareholders. I had told this the SEC, too.

    Near 50% of the employees worked over years in the development and developed with the money of the emisting shareholders valuable 14 patents and a lot of valuable platforms. The target of the management is now, to steal this assets through not needed financing in March and last through filing of Chapter 11.

    My big hope is: Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.

  • Judge Scott C. Clarkson may decide to reverse the bankruptcy based on how valuable the 14 patents are. He must know that they are worth upwards of $100 million. I believe shareholder will be rewarded with a 10-bagger.

  • y_o_s_e@ymail.com y_o_s_e Jul 26, 2015 6:37 PM Flag

    "And I trust in Judge Scott C. Clarkson"

    Over/under for how long until flanky says Clarkson is a criminal? I give it 45 days.

  • And I trust in Judge Scott C. Clarkson, who will recognize, the not needed criminal convertible-bonds-financing from March and not needed planed chapter 11 was parts of a planned robbery of criminals about this criminal activities to the SEC, too.

    Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.

    After my estimates was the the offering of convertible bonds in March and the bankrupty not necessary

    if the management had sold the not needed assets – after my estimate it was a planned bankrupty to robber the assets of the company and the shareholders. I had told this the SEC, too.

    Near 50% of the employees worked over years in the development and developed with the money of the emisting shareholders valuable 14 patents and a lot of valuable platforms. The target of the management is now, to steal this assets through not needed financing in March and last through filing of Chapter 11.

    My big hope is: Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned

  • • Over 16 million business listings

    • Search and filter functionalities

    • Social Media, video and map integration

    • White label to maintain your brand

    • High RPM from ad partners

    • Mobile-optimized

    • Multiple configurations

    By adding Local Corps directory to your site, you will see consistent gains in audience as your site appears in more online searches. Our technical account management team manages the content integration and optimization, along with proactively address any algorithmic changes, keeping your traffic growth upward moving. Plus, we have deep and long-lasting relationships with the largest advertising partners, providing you with access to the most lucrative monetization opportunities.

  • What is the value of the directory of Local Corp?

    Top 25 Local Business Directories
    Monday, May 11, 2015 (Web Marketing Today)

    At Web Marketing Today, we talk a great deal about the value of claiming your business listing in local directories, such as Angie’s List and Yelp.
    Local directories are important for three reasons:

    o They routinely appear in search results for local information;

    o A local search is often the last stop before a consumer takes action;

    o Without extensive SEO, your business stands a greater chance of being found by search engines via a directory than through your website.

    Local Corp is part of the list of twenty-five of the top directories — arranged alphabetically — where you can claim your listing. Most are free. In some cases, directories offer both free and premium listing service Less

  • The value of nQuery is after my estimates a lot higher than the debt - after my estimte between 30 and 50 million value of nQerry by Local alone

    I hope, that the development of nQueryy has continued and will continue - for example the enter into default search via browser in 2H/2015.

    Some facts about nQeuery by Local from LOCM - Roth Presentation - March 2015

    Growing mobile searach demand

    - 20 Million unique visitors per month

    Market expansion
    - 18 countries (LATAM + US)
    - EMEA & APAC expected by 2H 2015

    Platform expansion
    - Enhaicing paid content
    - Enter into Default search via browser - expected 2H2015

    Surce: LOCM - Roth Presentation - March 2015 Less

    If Loal Corp sold all 14 patents, Krillion and all other activities wihtout nQuery, all debts could be tilt and the new Company has a cash of after my estimates between 10 and 50 mllion and a value between 30 and 100 million.

    That is not the way of robber Ken Cragun, who want to steal the valuable assets of Local Corp - but the US-Trustee and the Judge could go this way and fire criminal Ken Cragun and stupid idiot Reinke, who had nothing done without slerping, smoking grass and fight against sales of patents,

  • The partner-network of Local Corp with over 5 million MUV's and approximately 1,000 partner websites, such as local newspaper, television websites and other third party online Publishers alone has a higher value than the less than 20 Million debts.

    Our Network, which reaches over 5 million MUVs, is our second largest source of revenue and is our largest gross margin business by percentage and in real dollars. Our product is a nationwide database of local business and product listings along with ad feeds which monetize those listings. We provide our product in the form of a hosted solution or via an ad feed solution. Our hosted solution is designed to generate search engine optimization (“SEO”) traffic to our partners’ sites and this helps those partners to increase their reach to new online users. As with Local, we monetize those users with ads placed alongside our content and we share revenue generated from those ads with our partners. Our ad feed solution is provided to sites that
    prefer to maintain their own look-and-feel and we share revenues in a similar fashion. Our Network consists of approximately 1,000 partner websites, such as local newspaper, television websites and other third party online publishers. We have a twelve month auto-renewing agreement terms with the majority of our partners. Our Network enables us to reach a larger audience than we can reach through our Owned and Operated properties and platforms alone.

  • Read on Bloomberg, where Local Corp announced: "The debtor listed its assets of $36.07 million and liabilities of $8.84 million." from 23/06/15

    That is a lot better than I thought, but we must add about 10-12 million additional to the lliablitiies (convertible bonds, maybe bank-credt). On the other site are no patent capitalized and for a lot of other assets were the prices by a sale a lot higher than the book values.

    If you enter Google with "The debtor listed its assets of $36.07 million and liabilities of $8.84 million.", you will find the Bloomberg-text at once.

    After my estimate is the about 2 million credit (securities exist) from Fast Pay not part of the 8.64 million

    Liabilities from last querterly report (31/3/2015)
    Current Liabilities
    Accounts Payable 12,864
    Short/Current Long Term Debt 5,617
    Other Current Liabilities 205
    Total Current Liabilities 18,686

  • "Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution. "

  • y_o_s_e@ymail.com y_o_s_e Jul 26, 2015 11:02 AM Flag

    The value of the not valuable goodwill and other intangibles of $20 million is part of the balance sheet, but isn't worth anything.

  • The value of the high valuable 14 patents of Local Corp is not part of blanqace sheet, because they were near all developed with the money of the existing shareholders of Local Corp . By such self-developed patents can the company decide, if this patents were counted as assets or not - and Local Corp don't count the self developed patents with high value as assets. Local Corp had never done a capitalization of development costs for the14 valuable patents.

    If Local Corp had done such a capitalisation, the difference between assets and debts would be a lot higher - after my estimates and the anouncements of CEO Fred Thiel and CFO Ken Cragun in the last months more than 100 million.

  • • The bashing of the robbers from the planned asset-robbering by Local Corp has no influence on this process

    Fortunately, for both buyer and seller, Section 363 of the Bankruptcy Code provides a legal framework to facilitate the acquisition of an insolvent entity. The concept is one in which the seller files a Chapter 11 and then files a motion to sell substantially all of ist assets to a proposed buyer free and clear of liens and claims and interests and, possibly, successor liability. The buyer ends up with a cleaned up business and the creditors end up with the proceeds which can be distributed through a liquidating or 'pot' plan. Yet another potential benefit of the bankruptcy process is the ability to also use Section 365 of the Bankruptcy Code. This section empowers the seller/debtor to assume virtually any favorable contract such as a below-market real estate lease or supply contract and assign it to the buyer over the objection of a lessor or contracting party even if the lease or contract is in default. Conversely, unfavorable leases or contracts can be rejected with no adverse consequences to the buyer. The other party to the rejected lease or contract would simply have a pre-petition unsecured claim to the proceeds of the sale, along with the remainder of the seller's/debtor's creditor body. The transaction can be pre-negotiated before the filing or a truly distressed debtor can file for protection before beginning its search for a buyer. In either event, the principal drawback for a buyer is that the transaction will be exposed to the market with the potential for overbidding through court-supervised auction procedure. Another possible negative is that tax loss carryforwards may be lost. From the sellers' and creditors' perspective, the solution is a good one since the protections which can be afforded by a Section 363 sale even if there are no competing bids will be likely to result in a far better price for the assets than if they had to be sold subject to all the problems of the real world.

  • STOP to write the same messages on GRPN, YELP, TRAVELZOO etc etc message boards....You can,t change Local Corp destiny doing like that....your nick shows yourself as a "guru" so....act as a GURU!!! First Main Rule.... If you want to go LONG on a stock.... Buy a STOCK WITHOUT debt....or at least with MORE cash than DEBT....If you buy some stock with more debt than cash....you should accept the end as well and amyway...put a STOP LOSS!!!!..... Good luck.

  • Reply to

    A big surprise for you

    by stannguru Jul 18, 2015 5:43 PM

    With a capitalization of the high valuable patents were the difference between assets and debts a lot higher.

  • Enter Google with "Using the Bankruptcy Code to Buy or Sell a Troubled Company" and you can read this excellent article.

  • No pronlems through a sale of the patents: Part of the agreement about the sale of the 14 patents should be, that Local Corp could for offered products use patents for free or against a fee

  • Fortunately, for both buyer and seller, Section 363 of the Bankruptcy Code provides a legal framework to facilitate the acquisition of an insolvent entity. The concept is one in which the seller files a Chapter 11 and then files a motion to sell substantially all of ist assets to a proposed buyer free and clear of liens and claims and interests and, possibly, successor liability. The buyer ends up with a cleaned up business and the creditors end up with the proceeds which can be distributed through a liquidating or 'pot' plan. Yet another potential benefit of the bankruptcy process is the ability to also use Section 365 of the Bankruptcy Code. This section empowers the seller/debtor to assume virtually any favorable contract such as a below-market real estate lease or supply contract and assign it to the buyer over the objection of a lessor or contracting party even if the lease or contract is in default. Conversely, unfavorable leases or contracts can be rejected with no adverse consequences to the buyer. The other party to the rejected lease or contract would simply have a pre-petition unsecured claim to the proceeds of the sale, along with the remainder of the seller's/debtor's creditor body. The transaction can be pre-negotiated before the filing or a truly distressed debtor can file for protection before beginning its search for a buyer. In either event, the principal drawback for a buyer is that the transaction will be exposed to the market with the potential for overbidding through court-supervised auction procedure. Another possible negative is that tax loss carryforwards may be lost. From the sellers' and creditors' perspective, the solution is a good one since the protections which can be afforded by a Section 363 sale even if there are no competing bids will be likely to result in a far better price for the assets than if they had to be sold subject to all the problems of the real world.

  • y_o_s_e@ymail.com y_o_s_e Jul 24, 2015 4:28 PM Flag

    typical posting of the moronic and idiotic-ID that has no arguments, only worthless stock

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