I have NO money or shares in this company. I am amazed that anyone would give these guys a dime. When you read their 10Q it is obvious that this "Company" is PARTYING on investor money. There is NO way that their business plan/model will EVER make this company profitable. Just my "Outside" opinion. And I offer my opinion because I have seen so many companies like this one take investor money and just close shop. Good Luck and Happy New Year to ALL.
"There is NO way that their business plan/model will EVER make this company profitable. Just my "Outside" opinion."
It all comes down to new subscribers based on their marketing efforts / Beiber factor. There cash burn for salaries per qtr is reasonable, stock based compensation is high but expected. If they continue to offer shares if and when they hit a breakeven subscriber level then that is a red flag, but companies that are at this stage (infancy, initial commercialization stage) burn a good deal of cash until they hit profitability or bk... time will tell.