Sillerman worst CEO of any public company ever.
It only sold for $4.7 million with earnouts that could potentially reach $75 million. Nevertheless, the stock is worth 3x its current price with Wetpaint and Draftday each worth north of $20 million.
i doubt sillerman will convert that
Float is just the amount of shares issued and trading. The float doesnt change as a result of Sillermans conversion just the number of total shares outstanding which goes up by 8 million.
You are clueless. Draftday is insignificant to the Viggle story. Nevertheless, its growth is as a Business to Business games provider. Also fantasy sports regulations will allow all operators to work in every state according to established rules it will just take some time to sort out. Viggles value is in its large user numbers. There is no liquidation. Sillerman could buy the remainder of this company in a heart beat at $2 a share. He just converted 44 million of his own debt into stock that is a huge validation. He is a Billionaire and will make this work.
Sillerman converted over $4 million in debt to stock which means the company has reduced debt by almost 1 quarter. It could be a prelude for additional conversion and it demonstrates he is dedicated to stockholders. the stock should be triple this price. now we need the company to outline its future rewards plans and growth initiatives.
you have no idea what your talking about..no funds bought a share of stock it was all the CEO converting his debt to stock
This not only demonstrates Sillerman is dedicated to the company, it reduces debt significantly and allows the company to sell itself or initiate further growth plans....great news
positive in many ways.
good odds...mismanaged by fools...great concept run by idiots
Its not additive to the stock price. Its part of what has been keeping the stock price at current levels. Unlocking the value of Sharecare is the first step as long as they can use their NOLs and not pay tax