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Facebook, Inc. (FB) Message Board

  • meonlysmells meonlysmells Dec 6, 2012 9:05 AM Flag

    fb will offer special dividend


    have a feeling

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    • with what? FB is loaded down with REAL debt and the only value is hype of its mystery business model, user numbers provided by the inside, and a website...

      shares used to cover TAX LIABILITY --booked at inflated pps values, along with a REAL loan from JP Morgan. These are REAL debts that have to be repaid/income used to cover interest expense accruing daily...

      So what - exactly - is FB going to use to "pay" a special dividend? Oh- add in the fact of 700,000,000 more "shares of stock" being unlocked til may - 156,000,000 being unlocked this December.

      Revenues? in GAAP terms, there was a "loss" last quarter. See NASDAQ site for 10Q to verify this -- of course, the biggies using this as the biggest money laundering machine since Madoff -- lol... - well they pay talking heads to report non-GAAP numbers which is the only thing you "hear" and "see" on TV ... look under the hood.

      You would never buy a car with what's under the hood on this one. LOL...

      "Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
      On October 25, 2012, Facebook, Inc. (the “ Company ”) drew $1.5 billion under its amended and restated unsecured term loan facility (the “ Amended and Restated Term Loan ”) with J.P. Morgan Securities LLC, as Administrative Agent, and the lenders party thereto. The draw was made to fund a portion of the tax withholding and remittance obligations of the Company related to the vesting and settlement of restricted stock units in connection with the Company’s initial public offering. No further amounts remain available to be drawn by the Company under the Amended and Restated Term Loan. The $1.5 billion draw is subject to the interest, events of default and other terms set forth in the Amended and Restated Term Loan, a copy of which was filed as exhibit 10.1 to the Current Report on Form 8-K filed by the Company on October 15, 2012."

    • christianegeskov Dec 6, 2012 9:20 AM Flag

      Special dividend to the insiders and WS prices when unloading their worthless stock!

      • 1 Reply to christianegeskov
      • Ms. Zuck I understand is an avid student of history. During the French revoloution Marie Antoinette proclaimed that the people should "eat cake".Ms. Zuck being the kind soul and to be relevant to the 21st century, will be offering "cake" in the form of a those iconic Hostess Twinkees to the shareholders on record at year end. As we all know, they are no longer available in stores.

        Now if that isn't enough incentive to hold your Farcebook stock, then nothing is. That ladies and gentlemen is your "special dividend"

    • With what? FB needs money to retain employees. They will be issuing another billion shares in the next 4 years. Their ad revenue peaked already and head south soon.

      Sentiment: Strong Sell

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