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Forum - Function(x) Inc - FNCX   

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From: weege (Rep: 322) reply to hedgefundmgrDate: 05/11/2017 13:51
Forum: Function(x) Inc - Msg #357Thread #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.



Weege



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

* 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"?

Dung.
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser weege: Reward | Watch | IgnoreFNCX: Ignore

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