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Atrinsic, Inc. Message Board

  • vertrosaht vertrosaht May 26, 2011 5:00 PM Flag

    Where's Gilliam?

    that bald fart is just as AWOL as Atrinsic management

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    • Overall it looks that company is making progress. Kazaa subscribers are increasing. Opex reducing, may increase due to marketing expenses. Financing they will get at low price due to losses. Buyout is only silver lining which is definite due to change in market players.

    • Not sure of the point lol, but given that the insiders own most of the stock and Kazaa seems to be taking off -- sure.

    • lets place a gentlemans bet

      I predict that the financing deal will be struck at no more than 1.50 per share, with cash injection of a low of 7 million and a high of 10 will tell us that no better deal could be had because ATRN has been cash flow negative for quite some time now..

    • He's probably checking out how many Google ads Kazaa is buying. You wouldn't think they had a cash problem by the way they're spending, here lol. Any guess on subscribers? I'm going out on a limb and guessing 200,000+.

      • 1 Reply to rbrentbyrne
      • well certainly the stock is trading as if there is already a financing deal in place. On the other hand if someone were to pen a script on what would be the best way for a management team to cause panic among its shareholders with a view to collapse the share would be to report that the cash is almost a a zero level and then let two weeks pass, with absolutely no update whatsover..The only explanation for such irresponsible silence is that management wants shareholders to panic and sell. Why would they do that? To defuse the anger that would ensue from the rank and file shareholders when a stock dilution deal is announced via an offering at 1 dollar a share in exchange for a cash infusion of 7-10 million..In other words does this silence provide a clue to collusion between managment and the new white knight financier?

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