Fri, Aug 29, 2014, 11:10 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Zynga, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • odonnellm66 odonnellm66 Sep 8, 2012 2:05 PM Flag

    Ignore "warmninja" and "odonnellm66," the two synthetic bashers.

    Anyone naive enough to believe the casino operates on an even keel, I can only say I have a used hot tub for sale in Marin County--"minor" leaks only. The secondary offering, so close to the IPO, was an unusual event to say the least. At that time, it was justified on the message board in every possible manner except as a convenient back door exit for the insiders, many who were official tribe members. I believe nearly $600 million in cash was raised from this sham near the $12- level, and few questioned the legitimacy. The CEO, Mark Pinus, reaped a cool $200 million. None of this capital was used to to improve the company's prospects. It merely lined the pockets of the chosen few. I suggest that the insiders knew the coming earnings report was one huge train wreck. The lawyers will litigate this issue, and I think the plaintiffs have an excellent case.

    At the moment, many opine that ZNGA is a takeover target or that the October earnings report will demonstrate renewed vitality. I believe neither. Volume is a reliable figure, and it is drying up rapidly. If the outlook for ZNGA was improving, the big boys (generally in the know) would be loading up below $3-. This is clearly not the case. Yesterday, a paltry 4.6 million shares crossed the tape. This, like the fraudulent secondary offering, is one major warning sign. I'm not complaining, as I was among the shorts near the high. I also still have a few ounces of integrity. This stock is all about Karma Yoga. Money greases the cogs, but it is not my God. ZNGA and Farcebook are essentially frauds. The underwriters need to go down on this as well. Play in a den of thieves at your own peril.

    Sentiment: Strong Sell

 
ZNGA
2.895+0.015(+0.52%)Aug 29 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.