Those statistics make Viggle very interesting despite the CEO's incompetent actions. If the company is sold before dilution destroys all shareholders it may go for $4-$5 bucks a share and would be a steal for a larger media company.
Shareholders will never make money on this as operations need more cash and dilution will destroy value. Any number of companies would do great with Viggle crosss promotions, large media companies, Twitter, Yahoo, Scripps Media, facebook etc.....
great concept but no manaGEMENT SKILLS
The company keeps losing money despite the fact that they have grown subscriber growth and revenues. They will run out of money shortly and continue to need additional capital. The Wetpaint division is absolutely horrible as well and is bleeding cash. The stock will be worthless in less than a year.
slime and no money for growth
There is no way he will let this go without sizable ownership through a private equity partnership. He has gauranteed debt and he has also recently purchased shares himself at $4.75 a share. Deal is coming in next month above $1.75
Good point but a declaration like that to press is evidence...so its likely something is up positive
or at least to $1.50 ish
They need to do stock deals for working capital every quarter...luck is over
They would have to issue 100 million shares plus just to raise the money needed to pay off festival joint venture earn outs and operating expenses for next 6 months. That would double the shares outstanding and reduce Sillermans holdings to 18%...wont happen. They need cash and only private equity or Live nation/startegic partner would give it.
They will not dilute shareholders under $2 a share that would be insane. Sillerman will not dilute himself that much. Its either bankruptcy or private transaction.
No hope with Sillerman on board