What resume? Who needs a resume? But again, Simpleton, I'm only one person using one screen name. Don't know about the others. All the other stuff -- independently wealthy, pension, stock account, even the ski chalet is pretty much on target. What do you own, sitting there on Staten Island?
What else do you do for entertainment?
There you go, spreading rumors to hype a stock. A no-no and the SEC is likely to call on you to discuss this. You may be hoping for $1.20, but your topic headline suggests this to be the company's target. The company has disclosed nothing of the sort. Mgt is probably hoping to get fifty cents.
I am surprised that the stock did not get more of a pop. Just as you say, either nobody cares or any takeout premium is already in the mix. It is interesting that they make this announcement before, and not concurrent with the earnings release -- does suggest the quarter will be garbage.
Fair point and I stand corrected. For one reason or another, the source that I had used indicated 2,607,800 shares held at 12/31, a pickup of 37% from the 1,902,800 reported on 9/30/14. Don't know how that error occured, and I apologize for the misinformation. But I still think the shares are overpriced!
So find out. Don't postulate -- somebody may think you actually know something.
You are thinking of brokers, firms that broker transactions between investors. There are some brokers that have an in-house rule that their representatives cannot solicit investments in stocks priced below a certain level. You can still purchase INUV through these brokers, but the confirmation statement will state that the order was unsolicited. These are brokers, not "institutional investors."
Institutional investors are larger investors as defined by the SEC, and include hedge funds, mutual funds and pension funds. They carry familiar names: Fidelity, Vanguard, Blackrock. They buy and sell in volume. They are also considered to be "sophisticated investors" by the SEC, meeting specific net worth and assets-under-management (AUM) standards that exempt them from many of the protections available to individual investors such as yourself. For instance, they cannot fall back and accuse a broker of selling them a stock that is inappropriate for their risk profile. Institutional investors can and will own anything. Vanguard's index funds are required to own whatever stocks are in the particular index it is seeking to emulate, even when the stocks head down the tubes.
"Our need for additional capital and the uncertainties surrounding our ability to raise such funding, among others, raise substantial doubt about our ability to continue as a going concern."
Source: SEC Form 10Q (March 31, 2015), page 23
I should add that KCG and Geode must be especially unhappy, along with their investors, because, while they were paring back their INUV holdings, they were adding aggressively to positions in LOCM that has tanked. JoelsLiver was doing the same thing, as I recall...
With the SEC filings in, we see some interesting changes in ownership. During the first two months of Q1, the shares were essentially market performers, even trailing the S&P 500 during that time, before picking up the pace, on stronger volume, in March. During that time, three outfits reduced their positions, with KCG Holdings blowing out its 58K shares entirely (obviously regretting that move) and Geode lowering by 35%. Spark has been paring back for six months, lowering from 77K shares in September to 50K in December and 44K in March.
Renaissance Tech upped its position by 11% while Tocqueville held pat (as I was earlier corrected) and Blackrock, Coe and Vanguard increased slightly. Vanguard's position is mostly in its index funds and that increase is more reflective of the public's shift toward such funds in recent quarters.
The big winner is Bridgeway Capital that initiated its 105K position during the quarter. Even if they bought everything at the quarter's peak ($2.08), they cannot be unhappy.
"if the Company issues Common Stock or is deemed to issue Common Stock for a consideration per share (the “New Issuance Price”) less than a price equal to the Conversion Price in effect for each series of Notes immediately prior to such issue or sale or deemed issuance or sale (the foregoing a “Dilutive Issuance”), then, immediately after such Dilutive Issuance, the Conversion Price then in effect for each series of Notes shall be reduced to the New Issuance Price"
Given that the company can and will make the interest payments in shares, then the above clause will be triggered because the payment in shares will constitute an "issuance" by the company. I am not sure the potential shareholder dilution can be calculated any more accurately than an estimate of "infinity."
Saint, if you need help finding how to file a complaint with the SEC, they you ought not be investing your money in the stock market.
Or as the saying goes: When they passed out brains, he thought they said trains and replied "I don't want any"...
Or in other words, it is worthwhile disassembling the staircase to the second floor, so that you can use the wood for fuel to heat the house...
Loco Corpse will simply peel off some of the goodwill on its balance sheet, and give that to the debt-holders. After all, that's the only asset that it has left.
JoelsLiver lacks investment acumen and clearly is at a loss for creativity. Now that we've got him pegged for having a fondness for Boy Scouts, he's coming back at us with that theme. What will we think of next that he copies?
Not a strategy for anything, just offering an explanation for today's selloff. When you get done looking at the pictures in the NY Post, read the above-the-fold article on the front page of today's Wall St. Journal...
Groove has about as much credibility as Street Sweeper -- as in "none!" Groove has been humping this turd for years.