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  • zuquru zuquru Apr 11, 2013 7:41 PM Flag

    What a shame

    Even at its worst moments it didn't trade here. Its trading as if the doors are closing which we all know is not happening. With such little interest, any selling is just devastating the stock.

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    • Could you indicate why you believe this company will survive going forward long-term?

      When does the red ink go away? Looking at sales/costs/margins, it appears that annual revenues of about $20 million is necessary to get to breakeven, which is about 50% higher than where it currently is. Even being optimistic, that might be 3 years out.

      It seems that sooner rather than later the company will need more funding. Where is that funding going to come from?

      I'm interested in buying, but I'm not seeing the investment thesis here or any catalyst.

      • 1 Reply to o08o.ugh64w
      • Webm actually had positive ebita for the last years quarter excluding most recent quarter which was awful. Hurricane Sandy devasted much of East Coast. A lot of business halted and existing trade shows ruined with money already put out. fb crashing after ipo didn't help either. WEBM is no where near bankrupt which is how it is trading. Meckler holds the loans with funds he took from a 2nd mortgage on his home. He also holds a good portion of the shares. Meckler most certainly won't let this go under and he is buying more shares as I write. I admit numbers weren't great, but these prices are emotional ones, not fundamentally.

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