The quality of the flagship site is about on par with what you would expect from an 11th grader staking an introductory computers class...
That price, of course, would apply to the class B shares that would be issued in return for funds to bail out the company. The existing shares would be worth less. Much less. Like...nothing!
I don't know if she was smoking weed, but stannguru was spot-on when he accused Yahoo's M. Mayer with sleeping with someone -- the Wall St. Journal reports she is pregnant with twins. Hey stannguru -- does that mean she did it twice?
I hear that Thiel is dating kamala...
And Johns Manville had positive net worth as well AND positive cash flow. But they also filed Ch 11, and wisely so, because they were being sued for billions of dollars (and that was back in the days when a billion dollars was real money) for spreading asbestos all over the earth.
If anyone is lying, it is Robbins kaplan...
Contingent, of course, upon contingencies related to our contracts with Yahootie and Google-tee-doo
"...the Registrant is prepared to deliver one bucket of steam to be shared by all holders of the Registrant's Common Stock,, $0.00001 par value. Such Delivery represents the sum of all assets foreseeable that Might be deliverable..."
Actually, it is a criminal activity, involving the purchase of goods that are known to have been gotten illegally.
Lots of people would like to steal the valuable assets of Local Corp...if there were any!
And of course, in the months following CEO Thiel's comments, we find out exactly how valuable those licensing fees are...not!
And, of course, about one month following Robins Kaplan's statement, we learn that "contingencies" in the contracts with Google and Yahoo call into question the ability of Loco to do a deal that will come close to bailing out its creditors. Forget about shareholders.
Why stop at the SEC and Finra? Shouldn't Obama and John Kerry be investigating Loco Corpse as well? I think it is all Hilary Clinton's fault, although The Donald must have had a hand in it as well. And Putin is sitting there smirking, so what's with him?
Anyone that wants to can simply buy up all of the shares for $231,000 and own the entire company. All they have to do then is figure out how to generate enough revenue to service the debt and give themselves an acceptable return on their investment. So far, nobody has figured that one out. You really think the management team and Goldman Capital would stand in the way of an offer of a penny per share? I doubt it.