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Atrinsic, Inc. Message Board

  • vertrosaht vertrosaht Apr 4, 2011 6:46 PM Flag

    Big Dilution Coming Once Kazaa is Bought Out

    Once the transfer of all Kazaa assets has been legally completed at the end of Q2 2011, management must transfer 1.7 million shares out of treasury to Brilliant Digital...Brace yourself..the share count will rise to approx. 7.9 million

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    • It seems like dilution is the buzz word/idea for shorts. Going from 6.3 to 7.whatever is worthy of a big dilution post?

      Get back to me when they go from 7.whatever to 20 million. You just may have my ear then.

      • 1 Reply to tushiecomplete
      • Sir, I am long this stock..I own 2400 shares at ave costs basis of 3.85....There is execution risk here...I say its 50/50...could go sustantially higher or face really all depends on we are going to get in the next 40 days ...3 things

        1. a conference call this Thursday on Q4 2010 numbers
        2. Roughly May 12, 2011..Q1 2011 earnings release
        3 a peak on that May Q1 2011 conference call into Q2 2011 numbers

        Now, Thats 3 quarters of semi detailed info on this company in the next 5 and 1/2 weeks...Presently...the gap re Q1 in my humble opinion between earnings, organically, and the organic cost basis is at best 3 million..they need to close that gap and return to be cash flow positive. After pouring over SEC docs all weekend I am not worried about there BK situiation in the next 12 months..they could easily get credit lines secured by very highly liquid marketable assets//The Atrinsic 3rd party ad network -a top 10 agency on the planet could fetch 10-17 million dollars right now....what needs to happen during that period is for them to tweak the cost structure lower and ramp up subscriptions that will allow them to be a real player in this fascinating new industry

    • Maybe it makes it more challenging from a stock manipulation standpoint and reduce the major swings tha company has experienced- both ways that is.

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