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Groupon, Inc. (GRPN) Message Board

bass9189 303 posts  |  Last Activity: 42 minutes ago Member since: Aug 20, 2010
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  • Reply to

    How Are You Guys Looking at This??

    by sagwa02 48 minutes ago
    bass9189 bass9189 42 minutes ago Flag

    I see you as a possible ignore candidate. You have my vote.

  • bass9189 bass9189 1 hour 15 minutes ago Flag

    The adopting release also includes a list of information that,
    if disclosed, would likely be considered material [to shareholders]:
    • earnings information (including historical or
    earnings estimates);
    • mergers, acquisitions, tender offers; joint
    ventures or changes in assets;
    • new products or discoveries;
    • developments regarding customers or
    suppliers, such as the acquisition or loss of a
    • changes in control or management;
    • change in auditors or auditor notification that
    an issuer may no longer rely on an auditor’s
    report;• defaults on senior securities;
    • stock splits or dividends;
    • redemption or repurchase of securities;
    • public or private sales of securities. Morrison & Foerster LLP, 2014

    This is an important point you brought up. Shareholders have a right to full disclosure (FD) when these events occur. This is also why I suggested that shareholders should contact Ms. Ta and the company for FD of her transactions. They have a right to know.

  • bass9189 bass9189 1 hour 32 minutes ago Flag

    LATF - 2013 - Annual Disclosure Statement - Revised Published: Apr 29, 2014 Period End: Dec 31, 2013. Here is one report. The company had 90 days after the end of its fiscal year to post this report but it did not do so until after the time expired.

    It next had to file: Attorney Letter with Respect to Current Information - Legal Opinion.

    LATF - Quarterly Financials - 30June13 Published: Oct 09, 2013 Period End: Jun 30, 2013. The company was late again. It had 45 days after the quarter ended to file this report.

    It never filed a 'Notification of Late Filing' either within 5 days after the 45 days expired.

    Two reports they did file on time one was from the 2nd Q 2014 but now it is late again. No new nasty gram from the OTC because it did filed reports in the last 12 months. It just maintains a yield sign for not being current.

  • bass9189 bass9189 2 hours 4 minutes ago Flag

    First of all, what material change are your referring to. Second, I stated that the company filed late 2 of 3 of the last filings. Third you claimed that you will not buy anymore shares and then you started posting about a halt on news. Halt on what news? How many days does the company have to file its quarterly and annual reports after the periods end? Finally, how many times has this stock been halted for announcements of material change (define what you mean by this term). None in the past six months. Subjects that are material to shareholder are contracts, partnership, acquisitions, mergers, hiring of new officers or directors, issue of stocks, etc....The company has announced or did a few of these things in last 12 months and to my knowledge there has NEVER been halt on this stock.

  • bass9189 bass9189 Nov 22, 2014 7:19 PM Flag

    Sometimes I wonder if you are for or against this stock. First, you start posting about a reverse split. Now, your posting about a halt. These are the same words that negative posters use to promote investor fear. Also. this company has reported late two of the last three times. This is nothing new. The only time it reported on time is when regulators were on the sector in the second quarter ending 2014.
    Do you know the term 'finesse con artist'. This is a person who convinces 'marks' that he is trying to help them while finessing them out of their money. Sure you are long but think the company will do a R/S and there will be a halt on news. Most longs never post these types of statements. Negative posters who want price down do all the time. Are you for or against this stock. You can't serve two masters here.

  • bass9189 bass9189 Nov 22, 2014 6:40 PM Flag

    This company always reports its Quarterly and Annual reports late. The only exception is the second quarter ending 2014 when regulators were on the sector. It is also notorious for not filing a 'Notification of Late Filing' after it goes over the 45 days quarterly or 90 days annual requirements. The delay is nothing new for this company. Our fear mongering posters know this fact.

  • Reply to

    4 billion float

    by yp_tim_potosi Nov 21, 2014 12:16 PM
    bass9189 bass9189 Nov 21, 2014 1:58 PM Flag

    Why do people keep posting metrics from Scottrade. To be fair, post all the current metrics from Scottrade to include revenue, earnings, debt, etc... I would like to see what numbers the feeders over there posted on its site. I will be waiting, take your time. Let start with the last two quarters.

  • bass9189 bass9189 Nov 21, 2014 1:51 PM Flag

    Well said. These boards really should be forums for investors and shareholders to discuss issues that relate to companies and the sectors. They also should be place for investors to learn about business, the sectors, models, trading, etc...I think this was Yahoo's intent in the when it developed these message boards. Problem is some scam artists realized it was a forum to rip off small honest investors who want to have meaningful discussions about stocks and learn how to trade them. Associated with this is an effort to target and short against small investors buy orders while permeating boards with negative comments about companies. This fear mongering/doom and gloom posts have essentially destroyed the spirit of the boards. Investors can't start a discussion about anything without someone posting unwarranted negative comments about the companies, the sector, management, or them (personal). I mean the same group doing this everyday. They are not just being nasty either, they have a motive here. They are trying to make money from small investors on these boards. How much aggregated buying power do small investors have who visit these boards. I am guessing in the millions of dollars. From reading your post, I would imagine that you have a couple hundred thousand yourself or traded this much over time. Now you may become a target for these scam artists.

  • bass9189 bass9189 Nov 21, 2014 12:46 AM Flag

    I smell a screen name change here.

  • Reply to

    IRS and Accountant article

    by kentwlandon Nov 20, 2014 7:33 PM
    bass9189 bass9189 Nov 21, 2014 12:37 AM Flag

    This is also a good sector to study for business students and professionals. Most of is will likely never see these types of arguments and business developments again in our life time. This subject touches on every aspect of business, such as, banking, law, accounting, marketing, economics, politics, etc... This a good argument to engage in for business people.

  • Reply to

    Canabee Sweet Menu

    by kylesolberg80 Nov 20, 2014 9:49 PM
    bass9189 bass9189 Nov 21, 2014 12:23 AM Flag

    This is because Ms. Ta is trying different product mixes without informing shareholders of the change in the product line. Her lack of communication has caused some confusion with investors and shareholders. She is inexperienced in marketing and may not fully understand the concept. Competition and cost may also be affecting her ability to maintain third party products on the sites. One problem is that she does not communicate her ideas well to the public domain. This is really a COO marketing and communication problem. The issue is that this sector is moving pretty fast and companies must hire managers that can move with it. Ms. Ta is learning on the job and she may be too slow to keep up with the rapid changes in the sector. Sad, people in this situation normally develop a rebellious attitude towards shareholders who want more performance from them because they can't operate well in a fast pace (changing) business environment.

  • Reply to

    IRS and Accountant article

    by kentwlandon Nov 20, 2014 7:33 PM
    bass9189 bass9189 Nov 21, 2014 12:02 AM Flag

    Happy to know that we are getting some clarification on this issue. Hopefully, the IRS will allow more deductions over time.

  • bass9189 bass9189 Nov 20, 2014 12:51 PM Flag

    It does not matter why, the company needs to report its earnings and update shareholders on the progress of the MJ units. Management has already fed too much of their nonsense into this decline in price. Now, they are trying to get price lower by not putting out a timely report. All the shareholder complaints and they still can't get it right. This a very indefensible action by management. I am surprised the stock is even holding at this price. Shorts can't even believe that management could be this incompetent.

    There would have been change at the top at most public traded companies. This company's management is treating existing shareholders any kind of way. I normally defend management of companies I invest in but there is no defense for this company's management. This is like gross incompetence and Ms. Ta in leading the way. A knucklehead could run a MJ business to make some kind of money. I can't figure out what this women is doing at this company.

  • Reply to

    Good Morning all

    by diamond.daze Nov 20, 2014 10:10 AM
    bass9189 bass9189 Nov 20, 2014 12:05 PM Flag

    We all have to do what we have to do. Me, I want more information on where and who over $10 million dollars of our money went to. Ms. Ta is will have to do better than this.

  • Reply to

    Good Morning all

    by diamond.daze Nov 20, 2014 10:10 AM
    bass9189 bass9189 Nov 20, 2014 11:25 AM Flag

    The only power you have is communication. Communicate with the company and try to get more information from Ms.Ta,the COO. This is your right as a shareholder/owner. If you let management run over you, they will. The fact is that over $10 million worth of shares have been issued in the last 9 months ( average open market prices) and Ms. Ta has not shown us much from her MJ units. This is equal to someone selling over $10 million worth of stocks in your community with claims they are investing the proceeds into a business. But they never give you any real information on the progress of the business and you don't know exactly where or who the $10 million went to. You have a right to ask questions, get answers and get your money back with a return ( especially if the person has reported good numbers to you in the past). Contact the company and Ms. Ta for answers, these message board assumptions are not doing anyone any good here.

  • Reply to

    Share buy-back

    by koachdevaney Nov 19, 2014 8:10 PM
    bass9189 bass9189 Nov 20, 2014 11:02 AM Flag

    The company does not have a share buy back program in place yet. Some metrics posted on some sites are outdated. A feeder just likely changed the number at Scottrade.

  • Reply to

    Diappearing post

    by pickledbrains57 Nov 20, 2014 10:24 AM
    bass9189 bass9189 Nov 20, 2014 10:55 AM Flag

    Someone at Yahoo has been pulling this mess for years now. I think they are getting involved with investments. I also notice that TRTC short interest went up and Yahoo removed the message board after the price spiked. Regulators really should be looking at Yahoo staff and their actions on these boards.

  • Reply to

    I am officially done with LATF accumulation

    by diamond.daze Nov 18, 2014 6:36 PM
    bass9189 bass9189 Nov 20, 2014 1:50 AM Flag

    Sure. Anyone down the organizational structure can hold up a report. The CEO stated that he would start to report on the MJ unit performance this quarter or next. Ms.Ta (the COO) is in charge of and responsible for reporting on the the MJ units to the CEO. Also, organizations are not perfect in their protocol and corporate officers are responsible to give progress reports to someone who will report to the CEO. This will depend on the corporate structure and the issues. Some of this may also depend on management styles and personnel of companies. This means that some CEOs may have a hands off approach to some units, especially if they have highly educated and qualified managers running them. To cut this argument short, you don't know anything about the progress report protocol at LATF. Anyone can hold up a progress report.

  • Reply to

    Material change.

    by diamond.daze Nov 19, 2014 11:39 AM
    bass9189 bass9189 Nov 20, 2014 12:52 AM Flag

    Here is another issue:

    "If a director of a nonprofit is a major shareholder, director or executive of a publicly traded company and the nonprofit invests heavily in her company, it poses a conflict of interest. The director is using the nonprofit to support his for-profit interests and bolster stock prices."

    This may be why the board does not want to do a stock purchase with the MJ unit revenues.
    The solution could to separate the nonprofits units from the for profits business. Let Ms. Ta operate the nonprofit corporate but she don't let her serve on the LATF board or be a LATF corporate officer. This should help avoid any conflict of interest issues.

    The subject needs more research. This is my thinking here. Also, in our case, this would right a wrong, meaning placing a controlling block of issued shares in the hands of a friendly nonprofit shareholder of the company.

  • Reply to

    Material change.

    by diamond.daze Nov 19, 2014 11:39 AM
    bass9189 bass9189 Nov 20, 2014 12:26 AM Flag

    "Although nonprofit corporations cannot have owners or generate profit for investors, they have the same ability as other corporations to own property, including securities and other investments." wiki

    Now, here is your question: Can nonprofits own stocks (in our case buy LATF stocks or bonds) with some innovation my guess is yes. The company structure is complex but it can benefit from the control of these nonprofits.

    Shareholder communication with Trina Ta and trying to understand the corporate structure is a part of performing DD on this company. Ms Ta is the COO of the LATF MJ units and the accountability and the performance of the units start and end with her.

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