Obviously the numbers are out and some scr-otum bag out there knows that the numbers are bad and said scrot-um is trading ATRN dirty..I hope the SEC does an investigation of this very very suspicious trading activity...if said scr-otum is trolling these boards today..take notice i will notify the SEC about this very suspicious trading activity
They have to file today per SEC rules, unless they have asked for an extension which they have not....Maybe I will look like the horse's a-zz but before 5 pm, I bet we will see a 10K filing. The SEC does not require any company to pre-announce that they will announce. and as I said..someone knows the numbers are bad..I will be the first to notify the SEC about this very very suspicious trading activity especially on the very day the filing will take place. i AM SURE THE SCRO-TUM WHO IS trading this co. dirty is reading this--GOVERN YOURSELF ACCORDINGLY-THE SEC WILL BE NOTIFIED
Skystar, the above co., filed with the SEC form 12b-25, today- extension to file their 10-K late..asking for the requisite 15 days... It appears that our scr-otum managers at ATRN may have filed an extension and didnt tell us shareholders about it...Again, the ATRN management team most resembles a governmental agency...useless sc-rotums all of them
I respectfully disagree/
Not to get too technical on you, but a conference call a day after the deadline day to file a 10k is not a sufficient substitute. They missed the deadline. It was today. The ONLY explanation for this is that they filed an extension and did not tell us shareholders about it. They are not required to to "tell us" anything. All the SEC requires is that a publicly traded company file the necessary forms on time. I checked the SEC website and TOMMORROW IT WILL UPDATE itself for all filings made on 3-31-2010. I will post on this board if ATRN filed that extension. Again I dont want to get too technical, but the rules are the rules and the point I am making is that this management team seems to have a very carefree attitude about their jobs. I have called many times..Noone is ever there. The website hasnt been updated for almost a year re events and press releases. The CEO was let go without explaining to us any logic reason. This carefree F-U shareholders attitude is really getting to me and should be getting to all of u.
1. My point about their late filing was correct. They filed an extennsion with the SEC to get an additional 15 days
2. My hunch that this stock was trading dirty was on point. Some scr-otum knew of these numbers and was shorting the stock yesterday. I am going to notify the SEC about this very very suspicious trading activity.
3. The management team continues to act like government bureaucrats-no enthusiasm, no dilligence in shareholder communication, noone is ever at the ATRN offices, emails are never returned. They are spending money like the federal government...Raising debt, losing money, declining revenues. Of course they are collecting 6 plus figure salaries. Is it no wonder they dont give a crap..They win and you lose. The more disturbing question is who was trading this stock dirty yesterday. If the person who was trading this stock dirty yesterday is reading these words, and I am sure you are whoever you are...THE SEC WILL BE NOTIFIED....that you can be sure of
This stock will see a major major decline today
Regards John Gilliam.. I hope you feel good-for leading all these hapless mindless board trollers over the cliff...The pps of ATRN will fall at least 60% in the coming weeks
Remember that cash on the books was 12-31-2010-more than 3 months ago...The managers obviously must have delayed payment of vendors by days or weeks to bump up the cash levels. Management CONSPICUOUSLY omitted what the cash levels are RIGHT NOW-April 1, 2011. I am shocked that these managers waited this long to start sniffing around for financing..Asset sale efforts, stock dilution efforts , ipo efforts-these attempts should have been made long ago. The real takeaway number is adjusted ebitda for Q4-why? Because that is the real ORGANIC number of loss that this business is incurring-it was 5 million in Q4...This after they promised us that cash burn would be decreasing and slowing in Q4.... The only hope I see to get out of this Briar patch is to sell Atrinsic Interactive-that may net 12 million-but at their current cash burn-it would only buy 1 year tops before they file BK. My advice is for them to resign their jobs-stop the salary cash burn, collectively in the multiple millions..and just liquidate the entire company-of course why would this management team do that?--the Titanic is sinking but all of them have life jackets..the shareholders-you and me do not,..they will continue to take the ship down until the water swallows all of us..meanwhile..they will draw their 6 plus figure salaries and get on the life boats as they hear us screaming for help..sounds like the federal government employees...huge huge salaries but at what cost..a bankrupt nation of 14 trillion..you are wrong sir..this stock will collapse in a major way at market open....THIS RECENT NEWS IS IN NO WAY BUILT IN TO TODAYS PPS
If the cash levels are so rosy, then explain why this stock will be sub 3 dollars immeidately at 9:30 am...If the cash levels are so rosy why didnt management tell us in the press release what the levels are RIGHT NOW...If the cash levels are so rosy at 6 million, please explain how that will help a company who just burned 85% of that money in the last 90 days....You are so naive..you will find out how NAIVE you really are PROMPTLY AT 9:30 am this morning...THAT WILL WAKE YOU UP OUT OF YOUR DREAM
This is my last response to this thread. I am a wee bit impatient with your messages (no disrespect) because You dont seem to understand business and how it works...The doors to ATRN do not stay open on Hope and Change..They stay open with capital..ATRN is not keeping their doors open on positive cash flow from the business, but rather investor money..yours and mine..That money is almost at 0. At that point they will have to File BK...You can talk up all the subscriptions, and the mobile streaming future for music all you want..but that TALK of HOPE AND CHANGE always takes a back seat to REALITY...The reality is that if there is no money..the company is finsihed...I seriously doubt at that point, after counsel fees, court costs, debts in the form of employee and contract severance pay, that the shareholders will realize more than the stock is trading for..maybe so..I am not a prophet...but again maybe you will get a very good lesson in REALITY and not the TOOTH FAIRY OF HOPE AND CHANGE at 9:30 am.....adios omego
Prediction we will see 1.90 before May 1, 2011
The only way to save this company is to sell the interactive divison or to just put the entire co. up 4 sale..
You really need to go see the wizardof oz and ask form a brain..A BK is a formal filing of an individual or a company to determine an orde of liquidation for outstanding vendors, mercahnts, landlords, salaried employees...ATRN has rent, payments ,employees, vendor agreements, advertsing and licensing and trademark agreements, etc etc etc..when the money RUNS OUT, and the bills for the aforementioned keep piling up on the desk of management, who gets paid first?? 13 million was their operating budget for the last quarter...whcih bill gets paid first? the light bill or the multiple million dollar failed ad contract? what about the salaried contract management employees? ahead of the water bill?? that is why BK filing is necessary...I suggest you take foot out of mouth you idiot..see you at 1.90 bald fart
So how much do you think Kazaa is worth in light of what other companies in the space are fetching
response..Good question.. To answer that question you have to put yourself in the shoes of management. At all costs, they want to keep their jobs, so they will be reluctant to sell off the business if they can avoid it..The economy is really bad now and they realize they probobally would be unemployed if they sold off the biz, So they would rather go into debt..either straight debt or convertible debt where they do a stock dilution deal.. I would bet damn good money that if they put the whole biz up for sale..the shreholders would make out good..but in that event all the present managers would most likley be at home being yelled at by the wife and watching TV..so its a real conflict of interest here..It really depends on if we have a white knight come to our rescue and offer up a real number for the entire business...Google white knight in investment parlance and you will get a real good definition in terms of security speak..I dont like this management team..I think they act like government employees..no enthusiasm, no dilligence, lack of investor relations friendliness, etc etc and that really bothers me..they are probobally doing their jobs ethically but they dont have a real passion for what they are doing...and that really bothers me...they really act like federal employees..just there to get paid..act like zombies...no treal interest...and thats a bad bad sign
I disagree with you re management...they knew this cash hurricane was coming and they waited for the last minute to look for financing...the time to put up hurricane shutters is before the hurricane hits..thats why the stock will open at 2.60 cents and it will get much worse in the next month...If they were really doing their jobs, they would put the WHOLE company up for sale NOW..We would do well in thate event,...but as I said..THEY ALL WOULD BE OUT OF WORK...Get that through your head..Again, I do not like this team...
Hey everyone, the link above is the late 12b-25 filing that I predicted would happen
I also am convinced that someone leaked results to some scr-otum who was dirty trading this stock yesterday. I am going to notify the SEC
I am still predicting that we will definitely see the shares move to a pps of below 2 dollars and maybe below 1.50 within 2 months.
The only way this management can save this company for us shareholders is for them to put the WHOLE COMPANY UP FOR IMMEDIATE SALE. The top managers should have the integrity to sell the company and move aside
click on the top entry submission...the SEC website is not beta compatible..may or may not work..its the NT-10k entry
In the last 2 years, the first quarter 10Q was filed on May 12, 2010 and May 12, 2009, respectively. We will most likely have the same timeframe for ATRN's reporting of their 10Q-2011 results, First Quarter results..I f some form of financing is not secured by then, to wit: sale of the ATRN ad network, straight debt financing, convertible debt financing or Mr. Gilliam's idea of a IPO of a portion of the ATRN business, we will see this stock totally collapse. My humble advice to management is to SELL the inetractive division. You have a top 10 interactive third party ad network here that could garner between 10-15 million dollars..VTRO got 11.7 million for their ad network which I believe was not as marketable as ATRN's// This would buy management at least 1 year to keep their doors open, drastically cut employee overhead expenses, and shore up the balance sheet..in short a leaner meaner co. solely focued on the music business..and from a deja vu perspective, it may well work..VTRO was in an identical predicament as far as solvency was concerned, but after they shed their ad agency division and drastically cut expenses as a consequence thereof, they have posted more than 6 quarters of ebitda profit etc etc and are have been cash flow positive for those 6 quarters
This management team wants to hold onto their jobs at all costs. I dont like them. They seem to have no passion, enthusiasm for their jobs. They show no shareholder friendliness..There is no urgency, as exemplified by the 11th hour effort to shore up their cash position. They remind me of government employees..just get through the day..draw their nice salaries...if the ship goes down...no problem....their salaries will be there..they have life jackets..we do not...if you were in their shoes and drawing a 300 thousand plus annual salary..you will win whatever happens to the pps, at least in the short run..yes drawing 25,000 dollars per month..sounds nice huh? Again, if management put this co. up 4 immediate sale, we as shareholders in my humble opinion would do alot better that if they continue the co. down the path that it is on..of course if they did do that they would all be unemployed..go look at their webiste..look at when the last press release was..it was MAY 12, 2010..ALMOST 1 YEAR AGO...CALL the headquarters in NY, NY...Noone is ever there..the phone rings and rings and you get a general mailbox