when will u learn your lesson....its high time u closed out your long position before q2 numbers are released and short this POS..ok bald fart
Flankenking//let me give u some advice on human psychology....I know u are under water on this stock, and I do believe that eventually LOCM will rise into the 4s or even 5s unless management is totally defrauding us shareholders about future prospects...However, if LOCM does rise into the 4s or 5s, it will be very psychologically hard to hold on, when your personal gain will be 30,000 dollars (I assumed based on your prior posts that your av costs basis is in the mid 3's at a total basis of 100k) so if we see mid 4s, your gain would be about 30k....at that price point u would definitely sell...u would never ride this up to a 2 billion market cap.*at that level we would see LOCM at a ppps of roughly 80 dollars) .its very easy to hold stocks when you are under water..but when that security rises into a paper gain, u will definitely sell..its just too tempting to know that it could evaporate
Are u sure that you have stock gain ? You may have lost money..I think you are standing on your legs..better extract that rectal thermometer from your anus so that you can correctly read the charts u bald headed fart
You forgot to mention another very important point. They have never been profitable. They have lost multiple millions of dollars every quarter and they are on track to lose multiple million this quarter as well. Once the 5 million loan is gone, the co. will be bankrupt..do some more DD bald fart!!
I am on record. I am going short the mother lode..I will mark this post and surface again when we get to 2.60
you better have your head examined...where are the profits? Oh you must be living in 1999 bald fart. Im on record..Going short the mother lode at 3.23....q2? we will see at the very least half of the 5 million loan exhausted...
flankenking ha ha ha ha ha LMFAO!! 3.27?? Flankenking's position in LOCM just keeps getting worse every day hahahah LMAO that bald fart
Of course no press releases will be issued by Goldfarb, unless he wants to report that 1/2 of the 5 million loan has been spent, and that Q2 was another cash flow loss in the multiple millions....when will u morons learn..this stock is trading in the stratosphere..and this is an absolute GOLDEN opportunity to short..See ya at 1.50 in a few months bald farts!!!
if things were so rosy, why arent they issueing press releases on the new subscribers-nothing in the nasdaq or SEC rules precludes disclosures of these metrics prior to the quarterly 10 Q'a....why the secrecy? If u have done any DD on this co., u would have learned that it is on life support..the lender is taking abosolutely no risk as they will foreclose on the assets when ATRN cant pay the first install of 1 million on 1-1-12 and that will recur every month thereafter until the 5.8 million is paid in full.....with management predicting cash flow losses in the multiple millions for the forseeable upcoming quarters i ask u...when the loan runs out and the assets attached to secure repayment...where will the money come from to keep the doors open...everyone is proteceted here except the shareeholders...I feel sorry for all of u
the last time management updated us , they reported cash of 900 thousand...Further there is not 1 streaming music co. that is even profiable Spotify is not, Pandora is not and this co is way behind the 8 ball....If I was allowed to lend ATRN 5 million knowing I would get paid back 5.8 million (remember the face amount of the loan was 5.8 million, but the cash received was only 5 million) and regaurdless management tried to tell us that the loan bore no interest..really? I would loan them that amount if I had it, because I would get back all of it within 12 months and with a guaranteed return of almost 20%%-I say guaranteed cause the assets are at least worth 5 million any moron can see that..but all u shareholders are taking the risk here..certainly u will find that out very soon when the co. reports Q2 in August and the pps goes to 1.50 when Golfarb tells all of u that 3 million of the laon has been spent and also tells u that Q3 will look like the same.....sorry its a cruel world out there..meanwhile Goldfarb is cashing checks at the rate of 35 thousand dollars per month goo luck
Mr. 35 year old self made man from Walnut Creek Calif...
Youre response doesnt come close to the crux of my statement
1. True, the lender does have the option to convert their right to repayment into shares at the conversion price of 2.90, but they would only do that if the co. profit situation was healed. That is a very big assumption to make. My arguement was based on what management has signaleed to us very clearly-that we would be running cash flow losses into the future.
2. True, the loan of 5.2 million can be paid back in shares of common stock, but at whose expense? your expense..The company could make the election to pay the loan back and a 23 day period would be required to notify said lender...in that event, the cash situation would be very dire indeed for them to do that and when that happens all the shareholders would get diluted to the hilt...If that election was made, two things would be certain...the cash position would be extremely dire and the share price due to that cash position would be very weak, such that a death spiral would begin, and as a consequence the lender would basically end up with 90% of the company...shares would be at 50 cents and they would be able to get 11 million shares to cover the loan.....Either way, they would win and the existing shareownrs would lose..Let me give u some advice..I dont know anything about you, but based on your age, 35, and your location in Walnut Creek Calif, and your occupation a day trader, I would strongly encourage you to leave the state immediately..Calif is the closest thing to a communist government..I was out there and the taxes are nothing short of raping someone..But if the weather is that imporatnt to u..good luck
Instead of playing tag, how about if we let the market decide who is right...Time will tell what will happen with the share price...
Flankenking...You should have that 100k plus invested in MCD or KO...They each pay a 3% dividend that has grown every year for 30 plus yrs..at least u would sleep better at night and collect a check every quarter...LOCM is a gamble my friend
He hasnt posted in a long time. Im worried that he may have become so despondent about his massive LOCM losses, that he may have done himself in...where is he? has anyone heard from that bald fart??