Netflix future is dimming as competition and content cost rise....
It would be a Great Time to receive/buy Sling owned by Blockbuster.
Take advantage of content, studio relationships and NOLS
News Analysi Sling TV: Could CEO's Exit Signal a Dish Merger? By Phillip Swann
Washington, D.C. (August 15, 2017) -Sling TV CEO Roger Lynch’s sudden announcement yesterday that he will leave the live streaming service next month to become CEO and president of Pandora Media caught most industry observers by surprise.
For the lower brain functioning members of this board that keep parroting "it must be worth something as it still trades" or "this is the longest bankruptcy in history", I present you with this. Sabratek files for bankruptcy in December 1999, case is closed
"Sabratek (CIK No. 1012480) is a forfeited Delaware corporation located in Skokie, Illinois, with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). Sabratek is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended March 31, 1999. On December 17, 1999, Sabratek filed a Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware, and the case was terminated on April 5, 2005. As of March 28, 2011, the company’s common stock (symbol “SBTKQ”) was quoted on OTC Link (previously, “Pink Sheets”) operated by OTC"
Selling the shares and corporate shell out of chapter 7 bankruptcy is easy............and common
IN RE: : CHAPTER 7 : JETRONIC INDUSTRIES, INC. : BANKRUPTCY NO.: 00-34611 : Debtor. : ___________________________________
ORDER GRANTING MOTIONOF TRUSTEE, PURSUANT TO SECTION 105(a) OF THE BANKRUPTCY CODE, FOR CLARIFICATION OF ORDER
And now, this [16th] day of [Oct] , 2008, upon consideration of the Expedited Motion of the Chapter 7 Trustee Pursuant to Sections 105(a) of the Bankruptcy Code, for Clarification of Order (the “Motion”); and the Court being satisfied with the representations made in the Motion that the relief sought therein is necessary and in the best interests of the Debtor’s estate; and the Court having determined that proper and adequate notice has been given and that no other or further notice is necessary; and upon the record herein; and after due consideration thereof; and for good and sufficient cause appearing therefore, it is hereby ORDERED, DECREED AND ADJUGED that: 1. The Motion is GRANTED; 2. The previous order of this Court dated February 20, 2008 regarding the sale of the Corporate Shell of the Debtor pursuant to a purchase agreement (“Corporate Shell Order”) is modified as follows: a. Paragraph 11 of the Corporate Shell Order shall read: “There shall be seven million (7,000,000) free trading Post-Reserve Split Shares of common stock of the Debtor available to be issued by Jetronic for a period of twelve (12) months subsequent to the closing in exchange for real property to be transferred to the Debtor;”
Case 00-34611-sr Doc 692 Filed 10/16/08 Entered 10/16/08 15:16:61 Desc Main Document Page 2 of 2
b. Paragraph 13 of the Corporate Shell Order shall read: “Jetronic’s board of directors shall, subsequent to the closing, be authorized to change the state of incorporation of Jetronic from Pennsylvania to Delaware and to change the corporate name without shareholder approval;” and c. Paragraph 18 of the Corporate Shell Order shall read: “The Buyer takes the Post-Reverse Split Shares “as is”, “where is” with no representations or warranties of any kind including, but not limited to: good standing; reinstatement of good standing; and/or adequacy or timeliness of filing requirements whether state, federal or SEC or any other governmental unit. Shares issued, other than those free trading shares issued pursuant to paragraphs 10 and 11, shall be marked with a restrictive legend. Buyer is responsible for all license and transfer fees.”
The other day Ignite Restaurant Group, Inc.(IRGTQ) was sold at bankruptcy auction to Tilman Fertitta. It's like deja vu all over again on the stock boards. Claims of of reverse mergers, millions to be made by buying now, Fertitta will "take care of shareholders". Oh, and the court filing that clearly claims that shares will be cancelled. What is it with you people? Do some scammer sell a book that you all follow? Ever time a company goes belly up the idiots come out of the wood work with the same spiel. It would be laughable if it weren't so criminal.
Real news is that Lynch has moved to Pandora ,, not connecting any significance just sharing
Ergen: “Roger built a fantastic team that will take Sling TV into the bright future ahead, and I wish Roger the best in his new endeavor,” Ergen said in a statement. “[Carlson] is positioned to fully support and grow our enterprise’s portfolio, including our Sling TV asset, as we work to connect 100% of the country through satellite, OTT, wireless and even digital over-the-air offerings.”
some .blockbuster GTLD update .. global registry as of July 31 2017 .. lot of work and a strange path to kill this out of BK company!!
So as one of the ignorami finally declared this as the “PERFECT” time for the big announcement from the puppet masters and make the cult instantly rich. That makes perfect sense with all that’s apparently going on with Blockbuster. - It has “exited BK” - Debt has gone poof - Mysterious bonds with just one trade in years are ready to finance the entre operation - The shiny new Gtld website is ready and waiting to be launched - The year-long free “nostalgia campaign” of one twitter account is a success with a whopping 233K new loyalists - The brand name is more popular now than it has been in years - Disney is now available to fill up the “bucket” after Ergen spins it off with Sling as a public company - The cult’s renewed ignorance-fed confusion regarding Bliaq’s name change six years ago
Of course, even though there was no “deadline” to this latest “prediction,” we all know nothing of the sort will ever happen. I also know the ignorami are too fearful of me to actually say why the puppet masters are still waiting, despite repeated requests for them to do so. . In an unprecedented moment of forethought and insight, they know that would be the final answer and once I inevitably crush it, no amount of “tangential evidence” will sooth their troubled little minds. So they distract their anxiety with hypocritical demands for “answers” from me about questions I already schooled them on, rants, blobbysims and mindless happy talk. Same story, different year.
Dec 21, 2010 09:41 AM ET Discovery: Dish Does Not Have Right To 'Sling' Its Content To Web Tells FCC Dish does not have their permission to distribute its channels over the Internet
BLOCKBUSTER ALLOWS "SLING" TO EXIST Blockbuster is Parent of Sling
News for 'BLIAQ' - (DJ Netflix: Barron's Presses the Skeptical Case on CNBC -- Barron's Blog)
By Tiernan Ray Barron's editor Jack Otter was on CNBC this afternoon with hosts Kelly Evans and Bill Griffeth, discussing Jack Hough's cautious piece about Netflix ( NFLX) in this week's Barron's print magazine. Jack Hough's article helped push Netflix stock down factionally today, closing at $171. The argument, in a nutshell, is that the company already has a mountain of debt, and runaway financing costs to buy hit shows, even as bidding may become tougher for winning content in future, as everyone gets into the video game, including Amazon ( AMZN), Facebook ( FB), and Alphabet's ( GOOGL) Google's YouTube. In his spot with Evans and Griffeth, Jack makes the point the company used to serve as a partner to Walt Disney (DIS) and others, but is increasingly competing with them: If you think about back to the days when, you know, Blockbuster was filing for bankruptcy because of the Netflix competition, it was a wonderful new platform for Disney and anybody else. Now suddenly it has to fight for every one, and that's why burning cash at an increasing rate is really disturbing. I mean, it's a fairly mature company, but they went from $900 million, you know, in 2015 to $1.7 billion last year [in cash burn], to a rate of possibly $2.5 billion this year, and here's Amazon looming which seizes free cash flow all the time. Jack's point to Evans and Griffeth as far as the stock is not to try and short it, but don't "put money to work" in the stock now. More in the full segment video below. Barron's: Netflix could drop by 50% by 2020 from CNBC.
It’s been another tough week for the ignorami (when was the last good one, right?) First no mention of Blockbuster during the anticipated earnings release, as I told you would happen. Then your ignorant “21 day” deadline– whenever that was- came and went without fanfare, as I said would happen, Finally it seems my crushing schooling of you all on maddy’s repeat of bill’s ignorant “Q” theory of six years ago shut down the ignorami pretty quickly again. After all sorts of delusional posting about how I “won’t answer,” (why you feel the need to “goad” me is beyond ignorant. I love schooling you) the cult’s only reply is stunning silence at best, or a sub-par blobbyism from blobbywannabe at worst. I understand how hypocrisy is a major tenet of the cult ignorance platform , so they don’t feel any need to answer what the puppet masters are waiting on now that we have “exited BK.” So, let’s have another ignorant theory to amuse me this week. Greenie’s rehash of the “nostalgia campaign” just won’t cut it. rita, got any more ignorant happy talk disguised as a “statement of fact?”
Long live NOSTALGIA!
@loneblockbuster 80k twitter followers to 180k overnight
Here, The Burden of Poof is upon us;
Fly me to the moon..sing it with me Poof boy!
rajji, velvet, jersey, stooges, freddie, burrhead, georgie, et al., you still haven't answered my question. During the suspension on Sept 29, 2011, how did the shares BLOAQ, BLOBQ, go from "reorganized", to a "name change" from Oct 13, 2011 and Oct 14, 2011 to BLIAQ and BLIBQ and remain still trading after what had remained at Blockbuster, Inc. has been liquidated???????? I hope you bought part of the millions of shares that traded during the run-up prior to the "Bill Singer"/SEC episode.
We are STILL waiting for your testimony. WE'RE LISTENING..........
Don't be a trump, answer the question. Are you afraid of being "schooled" yourself? I have a lot waiting to be shared given the right trigger. Are you willing to be the "catalyst" georgie?
Was anyone shocked at AMC's guidance yesterday? The stock dropped almost 30%. Didn't Disney just say that PVOD is worth 2-3x more than a ticket?
As MarketWatch reports, “Declining domestic box office trends and the threat from digital disruption and shrinking theatrical release windows have all put pressure on the sector.” Some investors are concerned that Hollywood studios will offer movies to home viewers within the traditional 90-day exclusivity window for theatrical exhibition.