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Mr Theory of Special Relativity,
Welcome to the "Woulda, Coulda, Shoulda Club", a club of which I am a charter member.
gdog saying...."Is this a case of one crooked company buying another?
It appears to me the market thinks as much.
Question for all longs: Is this stock a pig or what"
I reallly not sure now.....if it's either the company,or the market....or perhaps a bit of both....will find out very soon.but a nasty day here today ,no question abouit that!!!!
As it had been steady at 130p I bought on Monday - don't ask me why after years of just sitting on my hands and watching the price drop. Drop to 110p this morning was bad enough but I was out this afternoon and I was shocked at the lower closing price. Maybe it will go up again; dream on. Shake of the head - to think I could have sold at 49p old BLNX money. Ah sigh!
Hey Crusty, how've you been? Well, I hope. Good to see your name.
BTW, Dick...your post gave me a chuckle, in a few areas.
Seems to me you know me pretty well.
Thanks, dick.
I've been meaning to post for a while now; today's horrific price action compelled me to do what I've been meaning to do.
I did nibble on a bit more TAP after they bought us...but at 166 pence; I wanted to round up to an even number, and I liked what I saw in TAP. Stupid me. As far as buying more at this level, I imagine today's price action is overdone, and buying more down here may very well be a good idea. But I've enough of a bet on Rubicon, so I'm now relegated to watching this one from the cheap seats with my relatively small position.
Good luck to all longs...fingers crossed things aren't as they appear to the market.
Taptica said it is one of several adtech companies that Uber has filed a complaint against, alleging "fraudulent concealment, negligence and unfair competition".
In a research note, broker finnCap referred to when Uber sued ad agency Fetch for USD40 million in late 2017, claiming that it wasted money on programmatic advertisements as the adtech companies employed by Fetch claimed payment for acquired users that downloaded its app organically, without clicking on the advert itself.
Fetch itself counter-sued Uber for USD20 million in unpaid invoices in early 2018.
"Uber voluntarily dismissed its case but now seems to have extended the complaint to the numerous networks which Fetch used to place these ads," said finnCap analyst Lorne Daniel.
Welcome home gdog. I suggest you buy more at this price and you might then have closer to enough. "Enough' being 'more', however, you will then be obliged to buy more.
I do not believe TAP or its people are crooked - deluded maybe in thinking it was a good idea to buy RTHM, but not crooked.
The jury's out on Uber, however. Desperate people do desperate things, although maybe it's not that desperate; more calculated to get a few settlements ahead of the case? That said, I guess the odds of a hanging judge in a California Court finding in favour of a non-US company in a case against a US one are about the same as you voting for Mrs Obama to become the next US president.
Louis sends his regards.
By the way, I never invested in the piece of poop , I had no choice, unless I sold. Perhaps I should have and taken the crumbs.
Worst stock I have even bought. And that includes stocks that have went bust.
Unbelievable. !!!!!
Yeah, Kev, still here. I only check in every few months, but more lately since the crooked pig formerly known as blinkx was bought by what now appears to be another crooked pig of a company.
The hits keep on comin' in this stock (and the companies). Ever since our pal Edelman in January 2014, it's been one disaster after another.
Hi GDOG Good to know you are still around. It would be nice to get some good news for a change.
Is this a case of one crooked company buying another?
It appears to me the market thinks as much.
Question for all longs: Is this stock a pig or what?
is going skint,,they will never make money
Traders went hungry to enjoy their lunch and now came back even hungrier...
IMO There is no way the exCEO (Hagai Tal) did not know this was coming. I’m convinced the buyback is to support insider selling. Is this not brazen fraud?
What confuses me is what Tosca and LO role in all this is. .they are invested in the share price...were they duped, or is there an angle for them here? If the placing was to ball Hagai Tal, surely they would be fuming
Nothing to do now except wait until Thursday...will we even get a trading update? If the cash situation is as rosy as predicted, then you would expect an extension of the buyback and dividends
Expecting few holding RNS to follow the current weakness with our major funds holders increasing their hold's on the back of some pi bail out...
Isn't it lucky that the ex-CEO managed to sell his holding only a weeks ago in a deeply discounted placing but still significantly higher than the current sp...and TAP bought back circa 40% from the placing so looks like a lack of interest from other IIs...
That was very lucky timing for the ex-CEO...
Blnx, now rthm before it merged with TAP...
Back in 2014, after the blog, blnx also gave reassurances just weeks before the profit-warning..
Remember rthm (blnx) provided reassurance after the 2014 blog...then the profit warning...
AFTER the 2014 blog....
"The Company confirms there has been no material change to the operational and financial performance or outlook for the business, and that Fiscal Q3 trading was in line with management expectations."
http://uk.advfn.com/stock-market/london/rhythmone-RTHM/share-news/Blinkx-Plc-Statement-re-Share-price-movement/60855178
then fy2014..still very confident..
"Through our multi-faceted business model, strategic acquisitions, patented technology, expert leadership and talented employee base, we feel we are well positioned to adapt to any shifts in the industry and convert them into opportunities for further success. "
"We're fortunate to have a capable, energized team and resources to seize new and emerging opportunities - both organic and via acquisitions."
http://uk.advfn.com/news/UKREG/2014/article/62082519
However, just 5 weeks later, the BoD issued a PROFIT WARNING...those industry wide issues that they were well positioned to adapt to...
"The shortfall was exaggerated toward the end of the quarter. We attribute this performance to industry-wide issues of efficiency and effectiveness"...
http://uk.advfn.com/news/UKREG/2014/article/62770180
"100,000 shares bought in the last 30 mins of trading."
"Please tell me the last time the buyback level was 100,000 shares in a day?"
28th of May.
Added few this morning....storm in a tea cup , which as the company said "has no merit"....no nice for the eye atm,but will recover sharply in due course.....not for the faint hearted though.....
"100,000 shares bought in the last 30 mins of trading."
"Please tell me the last time the buyback level was 100,000 shares in a day?"
Actually, if you look at the trades from yesterday, 3x20k trades, the 3rd one was a cancellation... the 60k was TAP's buy back (announced today) plus another 20k trade, which wasn't part of buy back (not in today's rns)...
Uber widens its ad-fraud complaints
Taptica subsidiaries and many programmatic adtech peers have now become embroiled in the long-running Uber adfraud case over in the US. In late 2017, the US ridesharing giant sued its own ad agency, UK-based Fetch (now part of Dentsu Aegis) for US$40m, claiming millions of US$ it spent on programmatic ads were wasted as the adtech companies it employed were simply claiming payment for acquired users who downloaded its app organically (ie not through clicking on an ad). For its part, Fetch pointed out that it had built Uber’s business through mobile advertising and early last year it counter-sued for US$20m in unpaid invoices, highlighting Uber’s unscrupulous business practices (calling it a “faithless business partner”). Uber voluntarily dismissed its case but now seems to have extended the complaint to the numerous networks which Fetch used to place these ads. Clearly Taptica similarly feels the claim is without merit and will defend itself.
Down 24% lol, all you can do is laugh at this point. I gave up on this (RTHM) a long time ago but my shareholding is worth so little now it's not worth selling it.
Well that rns is not great for TAP.
"alleging fraudulent concealment, negligence and unfair competition." - That is rich coming from Uber, the company that made $1.6 billion lost last year by under cutting, illegally employing drivers and saying it may never make a profit.