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Augme Technologies, Inc. Message Board

biggergrove 15 posts  |  Last Activity: Jul 18, 2014 6:44 PM Member since: Jun 7, 2003
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  • Reply to

    Dilution Financing

    by biggergrove Jul 18, 2014 6:40 PM
    biggergrove biggergrove Jul 18, 2014 6:44 PM Flag

    Yahoo cut off the remainder of registration statement. See below:collectively, the "Transaction").

    The July Warrant is exercisable any time after January 15, 2015 at an exercise price of $0.9228 per share (the closing price of the Company's Common Stock immediately preceding the date the July Warrant was issued). The term of the July Warrant expires on July 15, 2019.

    The Audit and Finance Committee of the Company's Board of Directors authorized the Transaction in order to immediately satisfy the Company's obligations under the Convertible Note. The Transaction was subsequently ratified by the Company's Board of Directors.

    The securities underlying the Warrant Amendment, July Warrant and the shares of Common Stock issuable upon conversion of the Convertible Note pursuant to the Conversion Agreement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and were offered and sold only in Europe to an "accredited investor" (as defined in Rule 501(a) of the Securities Act) pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated pursuant thereto.

    The descriptions of the Conversion Agreement, the Warrant Amendment and the July Warrant are qualified in their entirety by the terms and conditions of the Conversion Agreement, the Warrant Amendment and the July Warrant forms of which are filed as Exhibit 4.1, Exhibit 4.2 and Exhibit 4.3, respectively, to this Current Report.

    Item 9.01. Financial Statements and Exhibits.
    4.1 Form of Note Conversion Letter Agreement, dated July 15, 2014 by and between the Company and Bernard Moncarey.

    4.2 Form of Warrant Amendment Letter Agreement, dated July 15, 2014 by and between the Company and Bernard Moncarey.

    4.3 Form of Warrant, dated July 15, 2014 by and between the Company and Bernard Moncarey.

  • biggergrove by biggergrove Jul 18, 2014 6:40 PM Flag

    Form 8-K for ELEPHANT TALK COMMUNICATIONS CORP

    18-Jul-2014

    Unregistered Sale of Equity Securities, Financial Statements an

    Item 3.02. Unregistered Sales of Equity Securities.
    On August 17, 2013, Elephant Talk Communications Corp. (the "Company") issued a Convertible Note to Bernard Moncarey ("Moncarey") (an affiliate of the Company), due July 2, 2014 (the "Maturity Date"), pursuant to which the Company borrowed a principal amount of �2,000,000 ($2,652,600) at an interest rate of 10% per annum ("Convertible Note"). The Convertible Note permits conversion, in whole or in part, at the option of Moncarey, into a number of shares of common stock, par value $0.00001 of the Company (the "Common Stock") equal to the quotient of the Outstanding Balance (as defined in the Convertible Note) under the Convertible Note by $0.887 (the "Conversion Price"). In conjunction with the issuance of the Convertible Note, on August 17, 2013, the Company issued a warrant to Moncarey to purchase 1,000,000 shares of restricted Common Stock (the "Moncarey Warrant"). The Moncarey Warrant became exercisable at any time on or after February 17, 2014 at a price of $0.887 per share (the "Exercise Price"). The term of the Moncarey Warrant expires on August 17, 2018.

    On July 15, 2014, the Company entered into a Note Conversion Letter Agreement (the "Conversion Agreement") and a Warrant Amendment Letter Agreement (the "Warrant Amendment") with Moncarey to, among other things,

    � immediately convert the Convertible Note into a number of shares of Common Stock equal to the quotient of the Outstanding Balance by a reduced Conversion Price of $0.70 per share or 4,238,501 shares of the Company's Common Stock;

    � amend the Moncarey Warrant to reduce the Exercise Price to $0.70 per share for the remainder of the term; and

    � issue a warrant to Moncarey to purchase 500,000 shares of restricted Common Stock (the "July Warrant" and together with the Conversion Agreement and the Warrant amendment, collectiv

  • Reply to

    Don't you love it when your Customer's CEO

    by sirius_yomama_2 Jun 27, 2014 3:30 PM
    biggergrove biggergrove Jun 28, 2014 9:02 PM Flag

    Michael do you live in the real world? I don't think ETAK could do anything that would please you. Sure there have been hiccups, but this is not television show where everything works out perfectly all the time. In life things sometime things take longer than planned. The important thing is that ETAK is doing this deployment in such in a way that the CEO of a major customer is willing to publicly state his strong satisfaction as to how it is being done. That is a powerful vote of confidence. If this doesn't satisfy you, sell your stock and move on.

  • Reply to

    new service

    by leighlogan Jun 13, 2014 1:56 PM
    biggergrove biggergrove Jun 13, 2014 2:20 PM Flag

    We would like to know!

  • Reply to

    ETAK Dinner NYC- Questions

    by golferstock1980 Jun 9, 2014 5:03 PM
    biggergrove biggergrove Jun 9, 2014 6:00 PM Flag

    (1) I would like to know what progress they have made on loan and any details if it has been finalized (2) What is the status of the NYSE compliance?

    Thanks Golfer

  • Reply to

    LD Micro Invitational

    by biggergrove Jun 5, 2014 4:01 PM
    biggergrove biggergrove Jun 7, 2014 5:44 PM Flag

    No clarification was given by Bill Clark

  • Reply to

    LD Micro Invitational

    by biggergrove Jun 5, 2014 4:01 PM
    biggergrove biggergrove Jun 6, 2014 11:54 PM Flag

    Nuss
    These were some takeaways presented by Doug Stovall:
    (1) 400,000+ campaigns, expect to hit 500,000, maybe as much as 700,000 this year
    (2) 28 fortune 100 cos as clients
    (3) "My Kellogg" reward program run by HIPP
    (4) Every Ford customer engaged by HIPP through their VIN numbers
    (5) Clear Channel text messages operated by HIPP
    (6) 250,000 unique subscribers
    (7) Over 1,000 mobile web sites
    (8) 4 billion impressions a month
    (9) Most all casinos engaged thru HIPP

  • Reply to

    LD Micro Invitational

    by biggergrove Jun 5, 2014 4:01 PM
    biggergrove biggergrove Jun 6, 2014 11:14 AM Flag

    Attendance was quite good. In fact Steven van der Velden, CEO and Chairman of Elephant Talk, who had just finished his presentation was there. Hard to know whether analysts were there or not but I think so as several wanted his card to follow up later.

  • Reply to

    LD Micro Invitational

    by biggergrove Jun 5, 2014 4:01 PM
    biggergrove biggergrove Jun 5, 2014 6:01 PM Flag

    He commented that he thought that revenue was at an inflection point and he pointed up.

  • biggergrove by biggergrove Jun 5, 2014 4:01 PM Flag

    I attended this conference which also included HIPP and ETAK
    My Take on meeting conducted by Bill Clark:
    (1) Expect to come out with New Yowza Ap Monday or Tuesday.
    (2) Have relationships with Bank of America and American Express
    (3) 2 million consumers have Zowza.
    (4) 20,000 contracts each month.
    (5) Industrial market next - Restaurants and retailers
    (6) Consumer Ap has coupon fjunction
    (7) Beacon - Allows retailers to put a quarter sized signal device on their POS register that puts out a signal so customer can scan a coded tag on item for sale that allows consumer to find out sizes, colors, details of the item and whether or not it is in stock. Consumer can make purchase right there while viewing the item.
    One on One with Bill Clark
    (1) Thanked him on behalf of stockholders for a job well done. He seemed genuinely apprecitive of that.

  • I attended the conference that also included SPDL and HIPP
    My Take:
    (1) Average turnout
    (2) Confirmed that their Biometrics is the highest ranking system.
    (3) Concentrating on their established customers, as the key to future success lies with demonstrating that they can successfully perform for these prime customers
    (4) Their main geograghical focus is Europe, Mexico (South America) and the Middle East.
    (5) They are reducing cash burn. Expect to be EBITDA cash flow positive on an operating basis later this year.
    One on One with Steven Van der Velden:
    (1) My Question: How is Sim transfer going? Answer: Making sure we do things right(no figures to report). Question: How is the financing progressing? Answer: It is progressing(not completed). Can not discuss specifics at this time.

  • Reply to

    Anyone going to Baltimore tonight?

    by investorhitech May 22, 2014 7:40 PM
    biggergrove biggergrove May 23, 2014 2:07 PM Flag

    Any news on financing, NYSE compliance and Valid Soft?

  • biggergrove by biggergrove May 21, 2014 4:14 PM Flag

    There is so much speculation now, and rightly so, as to the present status of Hipcricket. In the past, guru, you have demonstrated a vast knowledge of the market space in which they operate and the particular place Hipcricket occupies in that space. It would be very helpful for we long suffering "longs" to get your views on were the company stands at this point in time. Are they still a respected and successful participant here? Is their marketing platform still in demand? Are they acquiring new customers? Are their present customers expanding their usage of Hippcricket's offerings?
    Your thoughts here would be most appreciated!

  • Mobile devices are prompting more shoppers to visit brick-and-mortar stores, not less, as some retailers had feared, according to an April study from Deloitte. It found that 22% of mobile users were more likely to visit a store after browsing on their devices, while 19% said they were less likely to do so. Deloitte also found that 19% of last year's in-store purchases were influenced by the use of mobile devices.

  • Mercury Payment Systems will be bought in a $1.65 billion deal that shelves the Durango-based payment technology company’s plan to go public in a stock offering.
    A larger payments industry competitor — Vantiv Inc., based in Cincinnati — is buying Mercury, making the 12-year-old Colorado company part of the third-largest payments processor in the U.S.
    The deal is expected to close by June 30, pending regulatory approval.
    Mercury Payment Systems has worked with vendors selling point-of-sale systems to small- and medium-sized businesses, mostly retailers, and got its payment processing technologies integrated directly into the systems used by thousands of companies.

HIPP
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