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I have no information to tell me that what
management said is not true. I haven't seen anything to say
that they could, in fact, have gone out with an IPO
with the AOL contract in place.
I do know that
if they had dropped the AOL contract, an IPO could
not have gotten out the door before the traffic
started to die off, and that would have killed it
completely and made this asset worthless. I also know that,
if they had been able to get it out the door without
disclosing what the impact to traffic would have been
without the AOL traffic (as if investors wouldn't have
been able to figure it out), it would have been
grounds for a lawsuit. Again, bad news.
know where this $20/share comes from. If you have a
great asset you aren't allowed to sell, it's worthless.
They have now ensured that they can sell their asset
and are taking steps to make it more
Does it bother me that we couldn't sell it when there
was more traffic? Yeah, I guess, but the deal that
got us the traffic locked us out.
I'm in the
right business, but are you? If you're holding a stock
you think has little if any upside and you think
management is ripping you off, it's you, scott, that's in
the wrong business.
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Speed and Gecko:
Where is this BIG news
that you have both been hyping for the past couple of
days? Huge increase in revenues, switchboard IPO. Your
sources have not come through for you yet and the stock
is not going anywhere until we hear something
positive from this company.
I'm just playing the waiting game like you are.
No special sources other than what I read on these
boards. It just seems logical to me that there will be
more news regarding Switchboard now that CBS is on
board. They gotta be moving toward something. I'm
waiting for the big news same as everybody else...and the
general consensus seems to be a spinoff/IPO of
Switchboard. But I have no real info to offer that confirms
Hang on and buy on the dips
BNYN always does their NEWS RELEASES on Tuesdays.
Just look back ALL news regarding this stock comes out
on Tuesday. I guess they don't want to run the risk
of releasing something on a Monday and it getting
lost in other BIG NEWS releases!