They will be reporting next Tuesday, and from the sounds of it, it was a blow out quarter, best ever on record.
Adaptive Media, Formerly Mimvi, to Report Third Quarter Financial Results by November 19, 2013
Company Expects to Announce Q3 Revenue Growth of Nearly 14x Q2 Numbers
IRVINE, CA--(Marketwired - Nov 14, 2013) - Multi-channel audience and content monetization company, Adaptive Medias, Inc. (OTCQB: MIMV), a leader in programmatic advertising across mobile, video and online display, today announced it intends to release its financial report for the 2013 third quarter on or before November 19, 2013. The Company filed a Form 12b-25 with the U.S. Securities and Exchange Commission (SEC) requesting a 5-day extension.
This is the biggest pile of dog dodo, I give them 6 months and they are gone. I love how management will email you hate letters when you ask what they are doing to turn around the company.
That pretty much sums up their outlook. If you shorted yesterday, nice trade. They need to start changing this country's infrastructure from gas stations to battery change out stations, before they will every get to the point of Tesla's showing up on the road like Mercedes or BMW's. It's going to be decades before that happens.
Look at this valuation people, it is the most expensive stock in the market. Negative -1.95 EPS, and yet you are all up 460% for the year. This should be a $40-$50 stock. Everyone that wants a Tesla, or can afford a Tesla, already has one, now what?
it makes no sense, they are all over the board, from classic cars, to POV video apps, to oil leases. To many pans in the fire and none of them are cooking anything. Just keep in mind this is VERY speculative HIGH risk. I do not own any shares, and would be interested if they can turn a profit. $50 Million in 2 years for a classic car business? Unless they own all the classic cars, I have to see this to believe it.
Franks might of got many of his shares at .70, but the stock price was .07 when Poultre and Franks decided to bail. The bleeding stopped at that point. Mostly because these two were running the company on stock shares, once Adaptive Media came in and transform the company with revenue. They stopped the share price slide. Most of us holding right now have been holding above these levels. But there is a new vision, direction, product, it's really a different business model. I see no reason to be selling right now.