|From: weege (Rep: 322) reply to hedgefundmgr||Date: 05/11/2017 13:51|
|Forum: Function(x) Inc - Msg #357||Thread #673926654 (Rec: 0) |
|I'm not in love with it. But the trading spreads a pretty nice from week to week. That's why we are here....right?Re: At some point they are going to have to let this go. Nice news this am.|
| Reply to hedgefundmgr - Msg #2674601 - 05/11/2017 13:49|
Re: At some point they are going to have to let this go. Nice news this am.
This is dung. I l-o-v-e their mission statement from this last placement "the leading digital media platform." Ummm..yeah...ok...wetpaint, bumpclick, regular household names....
How about these tidbits; (March 23)
* Functionx inc-currently in default under 2 of debentures that remain outstanding representing about 19% of principal amount issued in private placement
* Functionx inc - in default for failure to make certain amortization payments, including payment due march 2017 - sec filing
That news today that sooo good? You mean where the new owner said "look you guys, we're broke...we got $10 mill just now but we're gonna burn thru that like toast....you're gonna need to forego that end of commitment cash payment and take stock instead. You good with that"?
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