Its biggest customer. Ebay announced a new message board platform starting Aug 15. Says new features but some old ones will be lost. THAT doesn't sound like a LW software upgrade.
Here's the ebay announcement.
In my opinion, LVWD's business appears to be growing. This is a bad rumor, not sure the source but it is pure gossip.
I cant tell you more than this. Trust your instincts. If they say sell then sell if they say hold, hold...etc.
They had the first profit in years and their business model is gaining traction as backlog is up (probably includes Ebay). expect 3q sales to increase further and finally ebay will be with us into 2012
Indeed that pbmc deal sounds rather fishy. Of course, Houston would not tell me that they were in trouble. In fact, he could be simply saying that the material changes have occurred, but only after the end of last quarter and that they are not under any obligation to do press announcements, nor are they obligated to do the full reporting. On the other hand, I have a hard time believing that they did not know in June that they were going to loose eBay in August, if that's what happened. In any case, I am going to hang on to my lvwd shares - if they go belly up so be it, but there is still a potential for them being acquired and that's where it could be interesting.
here's the deal i was talking about at pbmc.ob, unbelievable, eh?
the sec approved it, basically majority rules with pinks.
thanks for the houston link. you think he would tell you they were having problems? i don't. not that he is lying but how many companies can you think of that have declared bk with no warning?
Let them file some form 4's so we can see insider ownership.
What you describe is self and related party dealing. This would be illegal, unless s/he was buying assets at market prices. After I last posted, I had a conversation with Houston on Facebook. Indirectly, he is claiming that there were no material changes as of the last time they released their quarterly earnings. I don't know that I believe that nothing has changed, but here is the link to that conversation FYI: http://www.facebook.com/LiveWorld/posts/10150267390910870
i'm done venting. lvwd sycophants aren"t worth the time. they obviously aren't interesting in raising capital.
just watched the screwiest takeover of a company at pbmc.pk by the ceo. basically bought the assets - didn't want the stock, left shareholders with a shell. company now private, same employees, office, name. anything is possible i guess in the pinks.
How much worse can any stockholder be screwed when you're at 5 cents - hmmm well I guess that would be a whole buffalo nickle's worth of screwed.
Whatever this vision is resulted in the stock becoming one breath short of worthless.
Still hope someone else sees value and changes the future course of the co.
That's my only hope at this point.
If this was at $10 and getting a $5 offer - different scenario
try talking to peter now or hudson.
taking it private doesn't necessarily mean screwing the shareholders. and you must be very gullible to believe they had a decent offer to buy the company. i hear that all the time from ceos.
based on the share price and company performance, he has screwed the shareholders.
I spoke to Peter about taking the company private a while back. He had opportunities to do so, but did not want to screw the individual stockholders. The man is a dreamer, so his visions are always grander than his reality, but one thing I am sure that he has is integrity.