"I'm not very knowledgeable about what happens when a situation like this comes up. My question simply is, are my shares (which are significant) now worth zero with no hope of any compensation/turn around etc...?"
That is correct. Your shares are worthless. You have no chance to recoup any of it. Any sort of class action law suit will only result in money going to lawyers. There will be nothing.....NOTHING....for shareholders. I doubt a lawsuit garners any cash for even the lawyers. These suits are a dime a dozen. There are law firms that this is all they do. Just file suit after suit against every Tom, #$%$ and Harry bankruptcy and hope that 1 out of 10 pays off. My guess there will be no payoff on a HIPP case.
For those interested in the charts it retracedthe big drop from Oct 15-16. I expect it to now continue back up to new 52 wk/all time highs.
Do not short NFLX right now.
Buy if you want to squeeze out another 5-10%. The faster it gets there the sooner it will correct.
"Not defending arn greg. I'm saying you can't blame arn for your losses, which you seem to have a continuous hard-on for both him and sirius. Arn was a paid consultant. Paid in stock to do a job, which he did. "
That's a lie. Another lie that guys like you perpetuate on MBs.
A company paying someone in stock to shill for the company on anonymous MBs is an SEC violation. If you knew it, you also broke the law. It would have to be disclosed in SEC filings. Insider info. Misleading statements....blah, blah, blah....Don't worry. The SEC could not care less about HIPP/AUGT. They never did. All this BS about "Oh, insiders can't buy because of quiet period, something's up....." All BS. Just like you.
Look it. I sold not because of risk aversion....unless losing all my money was something I didn't want to do. It was all about rational assessment of the company. I was right. I wish I had been wrong...which I repeatedly stated.
Wakeme...you're a moron. A disingenuous one at that. I doubt you even owned much of the stock. Maybe a few hundred shares. Big whoop. But don't foist that "paid in stock consultant" krappola.
Since it is not worth anything to shareholders, who is buying 14 million shares and climbing??
That's Arn and his cohorts covering their shorts. I am absolutely convinced he was shorting all along.
They paid $4.5 million for this? The shareholders lost everything. I don't know how the debt holders are being compensated, if at all.
I know nothing about STO Mobile. I never heard of them. My guess is they're run by a bunch of nincompoops as well and somewhere down the road they will be BK as well. Paying anything for HIPP was absolutely moronic. LOL. Why? Yeah, they have flat to declining sales of over $20 mil. Of which over 1/2 was the original Hipcricket that Ivan Braiker built. The old AUGT didn't contribute but $10-12 mil. in sales...ever. So they paid $4.5 mil for 5-6 times bump in sales. It won't last. No one needs what HIPP does. They don't need a 3rd party to do this stuff.
"A sucker is born every minute." I was one of 'em. Thankfully, I didn't ride it into the ground.
You are right as long as they don't get a drug out there on the market. The bubble won't pop until the market goes pop. But if they can get something hot and exciting out there before that, it will be excruciatingly high. If this company got a $10 billion market cap it wouldn't be crazy.....as long.....as they get a drug out there.
It's going to take awhile...years....several anyway....but I will be holding ABX until it makes a new "all time" high. I do believe it will go back to the $50s eventually. I've held my nose and kept buying ABX from the mid $20s on down. I think my cost average is in high teens. I can live with that for a good long while.....and wait. I'm pretty sure I'm going to make out just fine.
There is no sale in the works for this company. If they are even still operating and money coming in it's basically going to pay the utilities, rent and few staffers still hanging around for whatever kind of paycheck they can garner. They're not paying anything on these "loans" they've been fronted. HIPP has no "assets". What they do can be done by just about anybody with a good PC. There really is no reason for anyone to buy HIPP. They have no proprietary software. They say they do, but they don't. I'm not even sure filing for bankruptcy gains them anything. Why? Whoever wants to do what HIPP has been doing can just start doing it on their own. They don't need the HIPP banner. All the money put into AUGT/HIPP is gone.....gone. It's never coming back. Maybe some enterprising business school student can make a nice case study out of how to take a pretty darn good idea (which was the reason I originally invested) and then fail miserably at developing it. Wouldn't be the first or last time it happens. So it goes.
If you were around during the AUGT days when the stock was up in $2-3-4 range there was a daily, multi times/day poster who went by "Arn". He was considered the guru of this stock. He never posted under his inscrutable name anywhere else on any other board for any other stock though he proclaimed to be a very wise and seasoned (and successful) investor. I'm betting he was Paul Arena, the failed CEO of AUGT. It would have been very, very illegal if it was him, but my impression of Arena as a CEO was that he was totally out of his league and trying to puff of his stock on a message board would have been right up his alley. This company was/is so small that the SEC could barely have cared.
Obviously I can't prove it, but just before Arena was given the heave ho, he stopped posting. He's never been back and has never posted elsewhere under the same ID. He was a very, very cruel and indifferent guy. It appeared many posters followed him and sopped up his drivel ad nauseum. I used to get into some pretty heated, albeit, anonymous battles with him. He cost a bunch of people some serious change. It was, in the end, their own fault.
Never, ever listen to an anonymous poster on these boards. In fact, ignore me too.
#$%$!!!! a penny????!!!!!!
Why, some of you same old posters are still here...why? You didn't really ride this puppy into the ground, did you? Why?
I lost thousand$....but I sold at $1.50 two years ago. Honestly, I'm not trying to bash. I just find the AUGT/HIPP kool aid that some of you guys are addicted to fascinating.
Yikes! Keep your pants on. ABX to $15 would stun me.
Remember if the global financial system craters all financial assets will suffer....even GLD and ABX. When the dust settles and the currency markets reset.....then gold and the miners will take off as fiat money will be treated as it should be.....as nothing more than promissory notes. Gold and oil and copper and land and fertilizer and timber and.....well you know what I mean will become more valuable. Own "stuff"....not paper.
The price is awful and with oil tanking alternative fuel companies probably are not interesting to many. So sell. Or maybe, don't buy.
Nevertheless, the stock/company has many reasons to hold on. I'm not buying anymore, but if others start a position in the $10/sh range they probably don't have a lot to fear.
The stock has almost no debt and has $4/sh in cash on the books. Net of cash the company sells for $6/sh. Someone might take them out. It won't take a lot of $$$.
It has a pretty significant short interest. Over 1 mil shares and average daily volume is only 100-200k. 5-10 days to cover. Short squeeze possibilities.
FSYS is OK....just OK right now. I'm of the humble opinion that within the next 6-12 months something very positive is going to happen. I don't know what it is, but I like the hedge fund/activist investors involved.
Their projected cash dividend payout for coming year is $3.6 billion ($2.92/sh). The payout ratio is 37%. Their trailing 12 mo. earnings was $7.54.
Even if earnings are cut in 1/2 they can cover the dividend. They won't cut the dividend since they just raised it.
This oil price will not stay down here very long. By this time next year this will all be a fading memory. COP is much more of a buy than sell here. The dividend is good. I predict (for what it's worth) there's a 90% chance the dividend stays right where it is. I've owned it since the high $40s....dripping dividends all along. I'm not happy with the price but I think I own a good, safe long term investment.
Oil is valued not by how much it costs to find it, drill for it, transport it, store it or refine it. Oil is oil is oil is oil. Yes there are different grades and kinds that require more work to get to a useful level....but in the end....oil is oil.
Yes, every producer has his own "cost of production" and that's where the money gets made. Whoever has the best fields that are the easiest to drill, transport and refine have the highest margins. gasoline and nat gas too. Who can find it, transport it and refine it and get it to the end customer cheapest makes the most money.
So COP should be better off than smaller outfits. The frackers have higher production costs and they've paid up to get their leases. Those with the biggest, oldest reserves are at an advantage. Don't sell COP. Not at this price.
You wouldn't put kid's college money in a stock like this anyway. I own several thousand shares, but I don't have a huge investment in THIS. This is money you don't need for years. MGPHF could spike 50% overnight on any sort of news. If I see $2/share on this stock in the next 3 years I'll be satisfied. I do not expect this to be a $20 stock.....ever.
This dividend is more than safe. Any time AT&T pays over 5.5% dividend it's a buy. When it drops below 4% it's a sell.
I happen to believe that T was shrewd to buy DirectTV. Cable is doomed long term. I believe in a year or two T's growth will reaccelerate and the dividend will continue to inch up. DRIP the dividend. Sleep well at night.
This is not a growth stock. This is a value/income stock. If you're under 45 yrs. old you don't need to own T.