Everyone does know augme is out of money right? So my guess is dilution at a buck - or folding up the tent - which is also an option unfortunately. What a shame...I guess augme doesn't own mobile afterall - so says the courts. Hard to make money in this business unless your google. There will be no listing on a major exchange - that should have happened a year ago. Augme was obviously banking on a court validation....not happenin. Dilution at a buck....then a slow death...this company...if truely capitalizing on the mobile market...should be making money hand over fist in the growing market....bye bye augme.
You're saying exactly what I've been saying for the past year or so. It's hard to survive when you generate $20+ million in revenue at a substantial loss, you are a losing patent troll, and your management team is uncredible. Turn the lights off.
I couldn't disagree with your post more. One thing that Augme isn't doing is folding up the tent IMO. It's definitely possible that the non-dilutive financing is off the table given the recent Yahoo! and AOL/Tacoda decisions and that they may have to further dilute, but what you're suggesting doesn't make sense to me and I think I'm one of the more objective posters here. I won't trash you because I don't agree with your opinion, but I will say that I think the core business is more valuable than what the stock is currently trading at, even after giving the IP negative value. What the company needs to do is to pre-announce a very positive revenue # showing 20% sequential growth. As I've said before, Arena has a credibility problem (which he's earned) and until he delivers on the high-end of expectations for once, the market will likely continue to show it's displeasure via a declining share price. According to the guys who have stated that they attended the SHM, Arena stated that they were *currently* (as of a month ago) on a $25 million run-rate which is over $6 million per quarter. I know it was partway during the quarter etc but they NEED to deliver at least $6 million in revenues this quarter. I think that's the bottom line.