The EBLD corporate information ad is on the top left corner of the WSJ on page C16.
Gives overview of company and sites, strategic alliances, and sites under development. That, combined with the StockHouse e-mail blast, another newsletter recommendation coming out this weekend (250,000 distribution) and coverage of Phantomcast/EBLD on Canadian TV should generate some additional interest.
Waiting for the Yahoo/Geocities merger to reach completion this month. It may have some positive implications for us.
Hearing that the audit is complete, just waiting for the "big" auditor to review and write their little disclosure paragraph saying that the numbers have been reviewed and follow generally accepted accounting principles. EBLD hopes to have the totally completed audit in their hands by early next week (again, no promises since its still up to the auditors), with the blue-sky registration beginning as soon as they have the audit.
Still don't have a real good answer on what the company is going to do with their recently acquired $10 million. I was told that the revenues/cash flow from the eMerchandise site are enough to pay the acquisition fees to the prior owners, so that still leaves $10 mil in the bank for future acquisitions, marketing, etc. Got a feeling we'll be seeing more acquisitions in the near future. According to the private placement press release, the "net proceeds of the offering will be used for expansion of Internet sales and marketing, including brand promotion, content expansion, general corporate purposes, and general working capital."
PhantomCast received 40,000 unique visitors on May 5th. With over 300 Star Wars products on eMerchandise, you've got to figure they're generating some sales, not to mention advertising revenue. I think half the profits go to the Starlight Foundation, and the rest are split between EBLD, Scour.net, and AboveNet.
Does anybody think that an institutional investor who gave EBLD $10 million for 2 million shares of stock and 1 million warrants (with a strike price of $7.50) expects the stock to stay under $5? I don't.
Gator |
