Ematter (Mightwords) was a neat idea, but it didn't pan out. It was a flop. Now, the scary thing is, they are likely going to try to perpetrate a fraud by dumping that no revenue peice of junk on the investing public thru an IPO in the fall, if there is a market for it. It will be interesting to see which criminal junk touting investment banking firm does the underwriting.
I think Barnes and Noble is figuring on this as their escape route. Who's gonna get scammed?? Stay tuned.
Fatb management gave no guidance for this earnings shortfall. Indeed, they actually, scammed the investment public into thinking things were better than they were...just last week or so. FATB management team cannot be trusted by the retail investor. I'm taking the turd off all watchlists and closing the book on it. You guys can do what you want with the stock in the future, but be forwarned, if it is pushed on this thread, I will be quick to remind you in public of the scams pulled by FATB management and their investment banking buddies.
Anthony, yeilds, and some other good shorts were right about FATB all along. I am a beleiving kind of guy sometimes, and I beleived in Chris Macaskill's integrity and honesty. I called it into question when the stock got beaten from the 20 dollar levels down to the low teens.
I also beleived there would be a big market for Ematter. It looked like a viable business model to me...and I could see the ease of making money at it. But it has been quite some time, and to date, I don't beleive they have sold much of anything from it. But it was a great free stock play and a great example. When the cash starts looking better than the idea, you sell out. As long as the stock is trading, it is pure profit if it is free from trading. I flipped my last remaining free shares of the company on the bounce and got out at 18-19.
Just my opinion on the matter. I'm getting better at calling these things as time goes on. |
