Free Cash Flow of negative $42 million was $45million lower than our positive $3 million in net income
in the quarter primarily due to payments for Originals and non-originals content in excess of the P&L
RED ALERT IN USA: HERE COMES TECHNOLOGY CROSS VENTURE JAY HOAG/BARRY McCARTHY(EX CFO NETFLIX)SCAM 2018 ZERO COUPON CASH OUT LOOT WITH MASSIVE FRAUD PRICE/MANIPUALTION OF TRADING FLOAT BUBBLE MANIA PUMP/DUMP SINCE 2010
(((FREE LOOT IN BILLIONS IN 2010/11 & SCAM FUNDING WITH FREE LOOT AGAIN FOR MORE FREE LOOT IN BILLIONS BY INSIDER NEXUS SCAM GANG AT NETFLIX………AND GOLDMAN SACHS))))
We will convert the 2011 TCV $200 million convertible notes tomorrow (April 23rd) into the
Corresponding 2.3 million shares. We report diluted EPS as if the debt was converted, so our guidance
for Q2 EPS already accounts for these shares, and there is no change to our cash on hand from this
conversion…………..FLASH FRAUD: 2018 ZERO COUPON FRAUD $200M FUNDING CASHED OUT IN 17 MONTHS AND WHY
Sentiment: Strong Sell
Does it really matter in the near future? This isn't a new point. Stock is up big since it was at $100. Do you really think people will wake up tomorrow morning, next week or next month and say oh, you're right. Cost of content ... This stock is worth no more than $10. I hope you're not short. I hope you also didn't miss the huge run-up and feel sour.
People who were (wrongly) speculating of the run away content cost forgot one thing. Netflix has 100% control of the content cost. They can always spend more or less as they wish since there is not a single program that is a must have. Hastings has stated this very clearly before but you people just won't listen. The pressure is even less now that they have a very health subscriber growth.
I'm sure Kevin Spacey and the other actors,along with all the production costs wouldn't cost them more than 1,000 a day to shoot. They must work for minimum wage the way these guys are reporting. When the bill collectors come knocking on the door they won't be able to pay. They will probably pay the actors in stock options like Priceline did with William Shatner.
Right the heck on!!! You must be an Analyst... We are playing musical chairs with Netflicks and a lot of people are going to lose a lot of money. When it happens, I do not want to hear the crying that someone tricked them. This company does not even do anything important. It does not make medicine or even provide needed resources...yet it moves like a tech stock of the 90's before the tech stock bubble. No matter how fast you make easy money it always goes faster.