Mon, Sep 22, 2014, 9:35 AM EDT - U.S. Markets close in 6 hrs 25 mins

Recent

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

Netflix, Inc. (NFLX) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • singhlion2001 singhlion2001 Nov 18, 2012 9:18 PM Flag

    ARREST MARY SCHAPIRO/ROBERT KHUZAMI/ROBERT COOK/GORDON FULLER SCAM GANG AT S.E.C.: SEND IN NAVY SEALS

    MORE FRAUD LIES FROM PROVEN CRIMINAL MF THUG REED HASTINGS AND S.E.C. CRIMINALS HAVE NOT ARRESTED THIS CROOK YET AND WHY S.E.C.ALLOWING THIS FRAUD LOOT CONTINUE?
    By singhlion2001 . Nov 16, 2012 3:59 PM . Permalink
    Netflix CEO Reed Hastings dismisses the idea that the company should sell itself, a position advocated by new investor Carl Icahn.

    “The question is: Is that the right thing in the long term?” Hastings says in an interview with The Wall Street Journal.

    He argues the company can make it on its own, has enough money to expand internationally and doesn’t need an owner with deeper pockets.

    He also acknowledges, though, that the 10-year-old public company is in a “middle stage” and vulnerable to such talk because it doesn’t have a $100 billion market cap. Hastings adds that for any new shareholder, it’s easy to get an attractive return on investment by pushing for a fast sale.

    Netflix shares, up 18% since Icahn revealed his stake, are down 0.5% to $81.14, sliding as WSJ reports Hastings comments.

    BIGGEST WARNING TO RETAIL: CRIMINAL THUG REED HASTINGS/GOLDMAN SACHS SCAM GANG WILL TEACH ENRON/WORLDCOM SCAM PLAY BOOK CRASH AND BURN NEXT TO INSOLVENT POOP WIPE PAPER SUCKERS IN USA
    By singhlion2001 . 57 minutes ago . Permalink
    BIGGEST WARNING TO RETAIL: CRIMINAL THUG REED HASTINGS/GOLDMAN SACHS SCAM GANG WILL TEACH ENRON/WORLDCOM SCAM PLAY BOOK CRASH AND BURN NEXT TO INSOLVENT POOP WIPE PAPER SUCKERS IN USA

    RED ALERT IN USA: SCAMFLIX HOUSE OF CARDS AKA REED HASTINGS SCAM $SS POOP WIPE PAPER WILL GO UP IN SMOKES NEXT

    SAY HELLO TO ENRON/WORLDCOM/DOTCOM/MADOFF PONZI FRAUD SCAM PLAY BOOKS IN USA FRAUD STREET CASINO......NOT WALL STREET ANY MORE

    MASSIVE RIOTS IN USA 2013

    ROME DID NOT BURN IN A DAY

    USA HIJACKED BY HOME GROWN FINANCIAL AL QAEDA LED BY BANKSTER FINANCIAL TERRROISTS

    Albert Fried & Company Starts Netflix (NFLX) at Under Perform, Likens Takeover to Time Warner/AOL
    November 16, 2012 8:33 AM EST
    Albert Fried & Company initiates coverage on Netflix (NASDAQ: NFLX) with an Under Perform rating an NO price target. On takeover speculation, the firm likens it to the 2001 failed merger between Time Warner and AOL, highlighting hidden costs to a deal.

    The firm comments, "On the surface, some investors think $4 billion is bite sized but NFLX is not an A La Carte investment proposition. The real cost to acquire NFLX is closer to $10 billion in our view. Management's investment expense guidance and a large $5 billion content liability could quickly turn a light meal into a strategic corporate ulcer, in our view. The TWX (NC) and AOL (NC) deal in 2001 was also highlighted by a large subscriber base and media transition but failed owing to subscriber losses and the failure to integrate a vision -a NFLX deal speculation is based on similar arguments, in our view."
    ------------------
    REED HASTINGS/BARRY McCARTHY/DAVID WELLS SCAM DETAILS :CLASS ACTION SUIT DETAILED ALEGATIONS
    By singhlion2001 . Nov 9, 2012 6:54 PM . Permalink
    C. The Individual Defendants
    21. Defendant Reed Hastings (“Hastings”) has served as Netflix’s Chief
    Executive Officer since September 1998 and as its Co-Founder and Chairman of
    the Board since the Company’s inception. Hastings signed and certified Netflix’s
    false and misleading Form 10-K for fiscal 2010, as well as its false and misleading
    Forms 10-Q for the quarterly periods ending September 30, 2010, March 31, 2011
    and June 30, 2011. Hastings also made false and misleading statements on Netflix
    Earnings Conference Calls (“Earnings Calls”) on October 20, 2010 and January 26,
    2011 and during a December 8, 2010 Barclays Capital Global Technology
    Conference (the “Barclays Conference”). Further, Hastings made false and
    misleading statements in a December 20, 2010 article appearing in an online blog,
    Seeking Alpha. Hastings fraudulently knew that these statements were materially
    false and misleading at the time they were made.
    22. Hastings sold more than 187,432 shares of Netflix stock during the
    Class Period, reaping gross proceeds in excess of $43 million.
    23. Defendant David Wells (“Wells”) has served as Netflix’s Chief
    Financial Officer since December 2010 and its Vice President of Financial
    Planning & Analysis from August 2008 to December 2010. He held the position
    of Director of Operations Planning & Analysis from March 2004 to August 2008.
    Wells signed and certified Netflix’s false and misleading Form 10-K for fiscal
    2010, as well as its false and misleading Forms 10-Q for the quarterly periods
    ending March 31, 2011 and June 30, 2011. In addition, Wells signed Netflix’s
    materially false and misleading Forms 8-K dated January 26, 2011, April 25, 2011,
    July 25, 2011, September 15, 2011 and October 24, 2011, and publicly-filed letters 9

    CONSOLIDATED CLASS ACTION COMPLAINT - 3:12-CV-00225-SC
    to the SEC dated May 20, 2011 and July 11, 2011. Wells fraudulently knew that
    these statements were materially false and misleading at the time they were made.
    24. Wells sold more than 6,100 shares of Netflix common stock during
    the Class Period, reaping gross proceeds in excess of $1.5 million.
    25. Defendant Barry McCarthy (“McCarthy”) served as the Chief
    Financial Officer of Netflix from April 1999 until December 10, 2010. McCarthy
    signed and certified Netflix’s false and misleading Form 10-Q for the quarterly
    period ending September 30, 2010. McCarthy also signed Netflix’s false and
    misleading Form 8-K dated October 20, 2010. McCarty also made false and
    misleading statements and material omissions on Netflix Earnings Calls on
    October 20, 2010 and during the Barclays Conference on December 8, 2010.
    McCarthy fraudulently knew that these statements were materially false and
    misleading at the time they were made.
    26. McCarthy sold more than 228,000 shares of Netflix common stock
    during the Class Period, reaping gross proceeds in excess of $41.7 million.
    27. Facts that are critical to Netflix’s “core operations” are presumably
    known by its key officers, including each of the Individual Defendants. In
    addition, the Individual Defendants, by virtue of their positions as Netflix’s senior
    executive officers, directly participated in the management of Netflix, and were
    directly involved in the day-to-day operations of Netflix at the highest levels, and
    were privy to confidential proprietary information concerning the Company and its
    business, operations, growth, financial statements, and financial condition, as
    alleged herein.
    28. Moreover, the Individual Defendants were involved in drafting,
    producing, reviewing and/or disseminating the false and misleading statements,
    information and omissions alleged herein, were aware, or recklessly disregarded,
    the fact that the false and misleading statements and omissions were being issued 10

    CONSOLIDATED CLASS ACTION COMPLAINT - 3:12-CV-00225-SC
    by the Company, and approved or ratified these statements, in violation of the
    federal securities laws.
    29. As officers and controlling persons of a publicly-held company whose
    shares are registered with the SEC and traded on NASDAQ, the Individual
    Defendants had a duty to disseminate prompt, accurate and truthful information
    with respect to Netflix, and to correct any previously issued statements that had
    become materially misleading or untrue, so that the market price of the Company’s
    common stock would be based upon truthful and accurate information. The
    Individual Defendants each violated these specific requirements and obligations
    during the Class Period.
    30. The Individual Defendants are liable as participants in a fraudulent
    scheme and course of business that operated as a fraud or deceit on purchasers of
    Netflix’s common stock by disseminating materially false and misleading
    statements and/or concealing material adverse facts with respect to the statements
    concerning the profitability of its streaming segment and ability to afford the costs
    associated therewith, as alleged herein. The scheme: (i) deceived the investing
    public regarding Netflix’s business, operations, management and the intrinsic value
    of Netflix’s common stock; (ii) permitted the Individual Defendants to exercise
    stock options and engage in insider sales during a period of stock inflation;
    (iii) materially misrepresented and concealed the profitability of Netflix’s
    streaming segment, i.e., the Company’s core business, and ability to afford the
    costs associated therewith; (iv) caused Lead Plaintiffs and other members of the
    Class to purchase Netflix common stock at artificially inflated prices; and
    (v) caused Lead Plaintiffs to suffer damages when Netflix finally disclosed the
    truth about the profitability of its streaming segment to investors.

    Sentiment: Strong Sell

 
NFLX
453.39-4.13(-0.90%)9:35 AMEDT

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.