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Atrinsic, Inc. Message Board

  • vertrosaht vertrosaht Apr 26, 2011 8:10 PM Flag

    Todays News of a BOD Vacancy

    Today's news of a board member resignation is consistent with what John Gilliam and I both impliedly and expressly predicted. As you all know, ATRN is hunting for capital. The easiest and less burdensome way to acquire capital is through an equity offering-sure the shareowners will get a wee bit diluted but its far netter thanh carrying a debt load with interest payments to make..ok back to my prediction. Sean Parker wants to get Spotify going in the US.But getting the deals inked with the record labels is taking a toll.both time and money per Gilliam's I predicted it would be far easier if he just acquired a share position much like the 5% share position he took in Spotify..Of course with a share position he would want a seat on the board..of course this goes with the territory as when you have the shares you can vote yourself a sdeat..My prediction isd that they have secured equity capital from a player like Sean Parker and that he wants a seat on the make room for that seat..someone has to step away..voila..the news that a board seat was vacated is a sign that my prediction is coming true

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