The only acceptable secondary is one where 90% of the funds received will be applied to growth of the company. Insiders often use secondaries to sell some of their personal shares and normally it's an accepted practice but lately a few startups have used secondaries as their own personal piggy bank (as someone else here pointed out). That is an extremely inappropriate use of a secondary and the sort of move that will both tank the stock and lead to years of legal battles with retail shareholders. If insiders want to withdraw funds there are programs setup to allow them to take a little out each month/quarter; basically dollar cost averaging out over time. Many shorts will call out these sales as insider sales and paint a negative light on them, but this is a standard industry practice to allow larger shareholders to diversify and it is accepted by most savvy investors. I detest the the fact that insiders are keeping their secondary out there and still looking for an opportunity to dump. This is a bit like holding a loaded gun, pointed at friends, and promising that it won't accidentally go off... Please wise up and drop this secondary and explore your alternatives - Thank you, a concerned shareholder
You don't dump via a secondary within the first year; instead you take a secondary to get cash for growth and you sell "a little" into it. This rookie mistake was also made by Jeffrey Katzenburg when he tried to sell a bunch of his personal shares of Dreamworks and caused their stock to fall by 30%... It happens, but it is a foolish mistake; insiders have different means to sell shares. They have a way to specify that a certain amount will be sold monthly from now until... By the way, Katz took his secondary off the market when he realized the foolish mistake he made. Hopefully the insiders here will do the same; unfortunately, the damage they did today will stick with shareholders for quite awhile. If shares don't recover soon; shareholder lawsuits will ensue and insiders will have a lot less than they hope for.
No, Vivendi is doing a stealth purchase of them by buying up shares on the open market. I think Activion passed on Gameloft because it's too much trouble to purchase a French company. Vivendi is in a much better position to make the purchase and doing so on the open market will save them millions (or perhaps billions?)
Went into Target this week because my son needed a birthday gift for his friend and we were both amazed by the number of drones they have in electronics. This year is the start of a big shift in remote control flyers and next year there will be a lot more. Ambarella has two big areas outside of GoPro; the first is drones (just starting to take off) and the second is video surveillance. The world of HD surveillance is just starting to take off too; especially with the advent of 4k video
If you had a good quarter then please let folks know... If you expect to have a bad quarter please let folks know... GoPro has a good reason for their drop but the silence here causes one to believe that you are joined at the hip... If there's more going on than GoPro the please let investors know... Anything from the company is better than a beating by the market...
GameLoft has let shareholders down for years; claiming to be a top selling video company while their stock tanked and employees laid off. As a shareholder I'd welcome a buyout from the bigger guys and would even sell them half my shares if the price were right. Clearly Vivendi bought shares for a great deal. I hope to see them accumulate then shut down any self serving agenda the current management team has.
Actually the run started August 25... As i said, seven weeks up while the rest of the market was in turmoil is quite unusual for any stock unless there's a really good rumor nipping at its heels... The typical one is that there's someone ready to buy it out.
pdb3838, I challenge you to find me one other stock that was up nearly every day for the last seven weeks straight. Those were some pretty tough weeks for most stocks with lots of ups and downs. Pretty much the only time, yes the only time that I've seen this type of trading in the last 30 years of following stocks was leading up to the buyout of a company. The first time I didn't know what I was seeing but noticed the pattern was unusual compared to the stock market. The second time I didn't want to believe it because I didn't want to see the company's long term potential limited by inclusion in a bigger company. I hope that I'm wrong and you are right, but the action prior to today smells a lot like a buyout; of course, today follows your theory for today's pop.
The run started on September 25th and continued while most companies were dropping. This is the type of strength that happens when information is leaked about a buyout. You are probably right, the run must be about something else; perhaps someone in August leaked the news of the big sale that would be happening in September or perhaps today's news was pre leaked. Regardless, the chart has been strong for nearly two months while many weren't... It smell a lot like a buyout is coming; time will tell
Each one was in the process of being bought
Any idea if that's what's happening here?