and they'll be able to sell them for $0.50 soon if your past performance is any indicator of future results
Reply to Excellent chance for investors: You can buy 4,900 shares for only $1.90 by stannguru •Oct 23, 2014 1:12 PM
y_o_s_e • Oct 23, 2014 2:08 PM Remove 0users liked this postsusers disliked this posts0Reply
wonder if the buyer at $2.42 is the one selling now
0users liked this postsusers disliked this posts0Reply
Excellent Chance for Long Term Investor: You can buy 6,200 share for $2.42
by flankenking • Dec 11, 2012 4:21 PM
in after-trading nov.
Why NOT Local Corp
MANAGEMENT WON’T BUY, WHY SHOULD YOU?
Merriman lowered their price target 11% after the Q2 debacle of an earnings (losses) report. Then they dropped it another 33% after Q3 revenues miss by a million miles and the full year forecast is cut 20%.
Back to back years with declining revenues and shrinking margins
They had to cut 20% of their staff to try and survive
Management is clueless, with no plan to deal with the converts coming due in April and no longer feeling like they’re well positioned to address their maturity
Due to lower revenue and borrowing base, no availability on their credit line
They rolled over and played dead settling with Fry's on their patent infringement lawsuit when they realized that their "technology" is obvious and therefore not patentable.
Their part-time Chairman and CEO is spending his days promoting the business of another venture and charging LOCM with the expenses.
until the debt comes due and LOCM doesn't have a clue how it will pay it. Management doesn't care, they don't own any stock. Shareholders will get washed out and then maybe, just maybe, management will take shares as compensation. No chance they'll ever buy any but if the company gives it to them they'll take it then
that is a gigantic number, shame it doesn't turn into revenue, all those queries and LOCM still has declining revenue
who is Micresoft - sounds like a better investment than LOCM (not a difficult status to achieve)
this is pretty clear for anyone that can read english, Maybe you can find someone to translate it into whatever language it is that you understand.
"I've posted plenty of times that I neither buy nor sell this POS. My purpose in being here is to be entertained by the sheer stupidity of anyone that thinks this is a good investment."
"For example stanngure had ever published his positiona: Today he owning 11,500 ahress"
So falnky/fanky/stanky sold 100,000 shares recently, all the while telling others it was an excellent time to buy, hmmm, that doesn't sound like a very ethical thing to do
I've posted plenty of times that I neither buy nor sell this POS. My purpose in being here is to be entertained by the sheer stupidity of anyone that thinks this is a good investment.
Please have the SEC look into anything at all, I've got nothing to hide. How about looking into your investment advisory business without proper disclaimers.
Horrible news for naked shortseller, the stock has only lost 1/3rd of its value since this information was made public. They have to wait until the 4th quarter debacle and then the convert refinancing to realize the other 2/3rds of the gain they expect.
they didn't warn last quarter either, that worked out pretty well didn't it flanky/fanky/stanky? For the shorts it did, the stock dropped by the same amount they missed revenue by - 1/3rd. Maybe they'll post a repeat performance in Q4, that would really show those pesky short sellers.
1 down, 149 more companies to sue, spend a couple million dollars on each case, and then settle for $700k to get to that $100 million. Great business model, fits LOCM's management abilities perfectly
smart of Fred, kind of like the trap he laid out for shareholders when they didn't warn last quarter that they had booted Q3 by 1/3rd and were going to miss the full year forecast by $20 million (20%, all in the span of what 2 months).
didn't you say the naked shortselling was more than 17 million shares a few years ago? That means 7 million shares were covered and the stock lost 80% of its value. What happens when the next 7 million (your estimates of course) get covered?
that value trough keeps getting deeper - one more penny and it matches the all-time record low close.
what amazes me is that lawguppy actually displays his stupidity for the world to see. Try reading a cash flow statement (9 month cash interest paid $595k) from the 10-Q or the statement of stockholders equity (conspicuous absence of any shares issued for interest payments).
No, management wasn't smart enough to take the money while the money was there. They rolled the dice and shareholders lost.
Kiss your $12k bye bye
Here is what Scott Reinke, probably the smartest of all on the management team, thinks of the IP strategy and LOCM's prospects. He rates LOCM a sell at $2
1. Name and Address of Reporting Person*
(Last) (First) (Middle)
7555 IRVINE CENTER DRIVE
IRVINE CA 92618
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LOCAL Corp [ LOCM ] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1) 09/05/2013 S 8,019 D $2 27,190 D
Common Stock (1) 09/05/2013 S 100 D $2.01 27,090 D
what a great win, spend over $2 million suing someone and settle for $700k, sounds like the rest of LOCM's businesses.
LOCM is certainly a value trough - don't think you can get into a bigger trough than what this POS is in. As for long-term potential, long-term for this company is surviving to May, odds are against it.