Goldman Capital is not Goldman Sachs. Mr. Goldman has been the company's largest shareholder for some time, although he peeled some back in the last couple of quarters (probably to meet redemption demands). You can assume that he is #$%$, because he was in the middle of the debt refinance deal in March.
Most likely, the "No" vote on expanding the number of shares forced the bankruptcy petition, but only for a matter of days or a couple of weeks, given what the accountants were going to do to the goodwill account at the end of the quarter, coupled with the continued cash flow squeeze
"so any up side here ? or down the drain ?"
Dow the drain. It does not require a close look at the balance sheet to see that there is nothing there, that the shareholders' equity is nothing but hot air that will be cooled considerably with the writedown of goodwill that the auditors will, or at least would have, required with the exit of the Yahoo revenue.
Let's hear it for an Equity Committee! Back when the Trainwreck (Trenwick) went under, there were a few individuals that somehow believed that there should be something available for shareholders, that the creditors should not get everything. They even hired a lawyer who took their money to make the case in front of a judge who in turn shot it down. They were blistering me all along for peeing on their belief in their position. Possible Letitgrow, kubota (especially kubota) and some of the others will rattle the cage for such a committee to represent their interests.
Well Yahoo has already made its own decision. The real question is, "is it worthwhile for Google to waste any more time with this outfit?"
The conference call is only for institutional investors and sell-side analysts (both of them). The company does not want any riff-raff retail shareholders asking dumb questions.
Die, tile. And take your spam with you
I'd put Unforgiven at the top and I would add Million Dollar Baby and possibly Grand Torino. Fist Full of Dollars was a bunch of fun but in terms of quality acting, etc, it's pretty far down the list. High Plains Drifter was a bit weird.
Loco Corpse got a court order allowing it to not disclose to the public certain competitive information in the 8K filed on May 5. This was the 8K disclosing the new lease agreement on its HQ. As near as I can tell, the information they are not disclosing is that the landlord requires them to come to work dressed as janitors, and that they are required to use the servants' entrance.
"Maybe they can run a hot dog stand."
Prestonforayter, you are making a rather rash assumption that they know how to cook a hot dog! And even if they can, because they are so unable to keep track of their receivables and payables, they will still run out of cash.
The only thing Loco Corpse is going to substitute is a bankruptcy trustee for its CEO
Wrong movie. It was "The Outlaw Josie Wales." What else don't you know, kubota?
Seeking Alfalfa wrote nothing. SA is simply a blog sheet that publishes submissions, many of which are written by rank amateurs that themselves know as little as stannguru. To quote from Seeking Alfalfa is akin to relaying the hopes and wishes of an ignorant idiot.
Aren't you ignoring the loss of 43% of your revenue, beginning Nov 1, 2015, in your Q3 and Q4 estimates, now that Yahoo has departed? Why would Google not pull the plug next? As one dodo bird commented, Loco Corps's business model is now all about selling patents that he estimates to be worth $1 per share. But when you account for the debt and the huge difference between accounts receivable and payable, you are down to...$0.33. And moving down, considering the implications for cash flow.