Local.com aussichtsreich

wie das beispielsweise bei AMR der Fall war, ist stark vom Einzelfall abhängig - und da sehe ich Local Corp finanziell sogar noch in einer sehr viel besseren Position. Allerdings halte ich den CFO Ken Cragun von Local Corp für jemanden, der einem ein Ohr abschneiden kann und dann darauf hinweist, dass man am Kopf blute. Wie das letztendlich ausgeht, hängt auch von Konkursrichter Judge Clarkson ab, der nach meinen Internetrecherchen clever und frei von Tadel ist. Daher ist meine Prognose. dass der CFO, der eigentlich die Interessen der Aktionäre vertreten müsste, sie aber meiner Ansicht nach beklauen möchte, gerade soviel an die Aktionäre herausrückt, dass Judge Clarkson seine Zusimmung nicht verweigert und der CFO nicht zum Zellengenossen von Madoff wird. Das Zehnfache des momentanen Pennystockniveaus stelle ich mir da mindestens vor, vielleicht wird es auch sehr viel mehr .- und da ich die Wahrscheinlichkeit für eine solches Ereignis für sehr viel höher halte als 10%, bin ich halt nach wie vor in der Aktie drin.

At the time of the filing AMR Corp had $29.5B liabilities compared to only $24.7B Assets, a shortfall of $4.8B.

This situation is by Local Corp a lot better, because the assets was a lot higher than the debts of less than 20 million, when Local Corp filed Chapter 11. The assets of Local Corp was at 03/31/2015 with 37 million about 12 million bigger than the debts of about 25 million - a rare situation by a filing of Chapter 11. General Motors had for example the 3-fold of debts than assets, as they filed Chapter 11.

Read additional on Bloomberg, where Local Corp announced: "The debtor listed its assets of $36.07 million and liabilities of $8.84 million." from 23/06/15.  That is a lot better than I thought, but we must add about 10-12 million additional to the liabilities (convertible bonds, maybe bank-credit). On the other site are no patent capitalized and for a lot of other assets were the prices by a sale a lot higher than the book values. If you enter Google with "The debtor listed its assets of $36.07 million and liabilities of $8.84 million.", you will find the Bloomberg-text at once.

But now the biggest surprise for you: The value of the high valuable 14 patents of Local Corp is not part of this 37 million, because they were near all developed with the money of the existing shareholders of Local Corp . By such self-developed patents can the company decide, if this patents were counted as assets or not - and Local Corp don't count the self developed patents with high value as assets. Local Corp had never done a capitalization of development costs for the14 valuable patents.

If Local Corp had done such a capitalization, the difference between assets and debts would be a lot higher than the amount of 12 million from the first lines. If the patents were capitalized, too, the difference between assets and debts would be between 50 and 100 million or higher.

 

Vielleicht lege ich mir ein paar Stücke zu.
Muss mich jetzt mal einlesen.

Danke  

die Begehrlichkeit geben würde, die Aktionäre zu beklauen:

Hidden reserves: If the patents were capitaliized, too, the difference between assets and debts would be between 50 and 100 million or higher

The assets of Local Corp was at 03/31/2015 with 37 million about 12 million bigger than the debts of about 25 million - a rare rituation by a filing of Chapter 11. General Motors had for example the 3-fold of debts than assets, as they filed Chapter 11.

But now the biggest surprise for you: The value of the high valuable 14 patents of Local Corp is not part of this 37 million, because they were near all developed with the money of the existing shareholders of Local Corp . By such self-developed patents can the company decide, if this patents were counted as assets or not - and Local Corp don't count the self developed patents with high value as assets. Local Corp had never done a capitalization of development costs for the14 valuable patents.

If Local Corp had done such a capitalisation, the difference between assets and debts would be a lot higher than the amount of 12 million from the first lines. If the patents were capitaliized, too, the differend between assets and debts would be between 50 and 100 million or higher

The United States Bankruptcy Court for the Central District of California should overtake the sale of the 14 patents to a Trustee.

Part of the agreement about the sale of the 14 patents and Krillion should be, that Local Corp could for offered products use some of this patents for free or against a fee.

United States Bankruptcy Court for the Central District of California should hurry with the overtake of the sales. After my estiImates, which basing on the messages of CEO Thiel and CFO Cragun, can pay back with the proceeds all the debts and additional would be a reserve of money for a ongoing company Local Corp.
14 Issued Patents of Local Corp

Searches Assisted by Multi-Level Menus
7,062,453
08/31/00

Search Selections with Supplier Information
7,890,378
12/14/05

Dynamic adjustment of Telephone Listings
7,596,218
05/30/03

Dynamic adjustment of Telephone Listings
8,306,208
08/07/09

Directory assistance using keywords
7,200,413
07/30/03

Bidding for directory assistance
7,715,857
03/23/06

Bulk Web Domain Generation
8,312,125
03/12/10

Geocoding related Webpages
7,231,405
01/10/05

Indexing Found Geocodes with Webpages
7,822,705
06/11/07 Indexing Found Geocodes with Webpages
8,176,082
09/22/10

Provision Of Localized Shopping Based On Geocodes
8,032,427
04/03/07

Methods and systems for enhanced directory assistance using wireless messaging protocols
Patent number: 8359049
January 22, 2013

Technique for locating relevant advertisements through the use of semantic keyword searches with claims directed to software, systems and methods in which semantically related keywords may be used to locate relevant fee generating advertisements that may monetize better than other available response ads.
Patent number 8,725,572
May 13, 2014

Search Engine and Indexing Techniques: A local search engine geographically indexes information for searching by identifying a geocoded web page of a web site and identifying at least one geocodable web page of the web site. The system identifies a geocode contained within content of the geocoded web page of the web site. The geocode indicates a physical location of an entity associated with the web site. The system indexes content of the geocoded web page and content of the geocodable web page. The indexing including associating the geocode contained within content of the geocoded web page to the indexed content of the geocoded web page and the geocodable web page to allow geographical searching of the content of the web pages.
Patent number: 8972371
Mar 03, 2015

 

spiegelt sich meines Erachtens die Erwartung wider, dass das Klauen mit fast 100%iger Sicherheit gelingt.

Ich gehe nicht von einer so hohen Wahrscheinlichkeit aus - aber darüber muss sich jeder sein eigenes Bild machen.  

Geld- und Briefkurse

Handelsplatz Geld-Stk. Geld Geld-Brief Brief Brief-Stk. Spread  Zeit

Stuttgart   13.000 0,019 €  

0,024 €  13.000  26,32%  08:08:12  
 

Aktuelle Updates

Local Corporation stellt ein: Windows System Engineer

Karrieremöglichkeiten bei Local Corporation
Weitere Stellenangebote anzeigen
vor 16 Tagen
 

Windows System Engineer

Local Corporation - Orange County, California Area

Vor 16 Tagen veröffentlicht

Stellenbeschreibung

Local Corp. is looking for an experienced Sr Windows System Engineer who is passionate about supporting our systems and users.  

 We are looking for a Sr System Engineer to do CONTRACT work  in a role supporting our business as we roll out new large scale internet content products.  We have high standards and expectations for our systems engineering and support group.  We are looking for disciplined responsible engineers that take a personal pride in customer service as well as system scalability, availability and uptime.

The baseline individual for this role will be expertly skilled in building and managing Windows based systems running it in a high scale/highly available production environment.  This role requires disciplined adherence to IT process and  best practices.   Experience, enthusiasm and strong skills for network/systems management and scripting is the core requirement.  

Responding engineers should be comfortable working directly with developers, business stakeholders  and end-users and able to handle 24x7 on call status.

 
 

Right steps not fast enough - but Local Corp is very atractive for an take-over
.

Transforming our business and entering rapidly growing digital ad markets by leveraging our premium audience

OLD BUSINESS MODEL:
- Opportunistic short term focus
- High revenue concentration risk
- Limited innovation
- Focus on complex SMB market

NEW BUSINESS MODEL:
- Long term value creation; bottom-line driven
- Diverse revenue streams
- Rapid lean production interation and innovation
- Differentiated value propositions
- Shift to enterprise advertisers
 

The Registrant intends to enter into a process pursuant to which it will sell all of its assets. At present, the Registrant does not expect that it will have
any assets to deliver to the holders of the Registrant’s Common Stock, $0.00001 par value, following completion of the sale process based on current
indications of interest and the total amount of debt owed by the Registrant.  

vom Insolvenzgericht und/oder die SEC vorher ein:



Selling of all assets is criminal nonsense from criminal CFO Cragun, who want together with friends steal this assets for few Money - only a sale of the complete company and a merger makes sense.

Only in this case the mergered Company can use the about 80 Million loss, which wll reduce the tax of the mergered Company about 20 million - this refinance alone the less thab 20 milllion debt of Local Corp.
 

I am sure, that the SEC can't tolerate a CFO, who robber a company and sell the valuable assets of a company for nothing to other criminals, who cash him back

Wait and see, if criminals like CFO Cragun will win against the existing law - I trust in the long run in SEC an the justice, but I belieive, too, we need big patience.
 

United States Bankruptcy Court for the Central District of California and/or the US-Trustee should overtake all sale-activities

And Judge Clarkson should fire criminal CFO Ken Cagaun and criminal Scott Reinke and report the SEC about the robbery-activities of the both criminals, who want to robber together with other criminals the valuable assets of Local Corp.
 

http://www.bloomberg.com/article/2015-07-27/aSEOeZxrvuIs.html  

versucht der kriminelle CFO Cragun zu verhindern, denn der hat sich wohl schon jemand ausgeguckt, an den er die wertvollen Assets gegen ein Butterbrot und Ei verhökern will.

“As a result of Local
Corp.’s longstanding relationships with Google and Yahoo, the company should
attract interest from multiple bidders, so we hope for a full recovery for
unsecured creditors through the bankruptcy sale process,” he added.
 

And I trust in Judge Scott C. Clarkson, who will recognize, that the not needed criminal convertible-bonds-financing from March and teh not needed planmed chapter 11 was parts of a planned robbery of criminals from the Management and the new convertible-bond-holders. I am sure, Judge Scott C. Clarkson will report this criminal activities to the SEC, too.

Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.

After my estimates was the the offering of convertible bonds in March and the bankrupty not necessary. if the management had sold the not needed assets – after my estimate it was a planned bankrupty to robber the assets of the company and the shareholders. I had told this the SEC, too.

Near 50% of the employees worked over years in the development and developed with the money of the emisting shareholders valuable 14 patents and a lot of valuable platforms. The target of the management is now, to steal this assets through not needed financing in March and last through filing of Chapter 11.

My big hope is: Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.
 

1,348 Past 30 Days — Last Updated August 05, 2015


1,348 Past 30 Days — Last Updated August 06, 2015


1,334 Past 30 Days — Last Updated August 08, 2015


1,344 Past 30 Days — Last Updated August 09, 2015


1,345 Past 30 Days — Last Updated August 11, 2015


1,352 Past 30 Days — Last Updated August 11, 2015


1,349  Past 30 Days — Last Updated August 22, 2015

 

“The value of the [company’s] business lies in its technologies, unique products, scalable platforms, extensive partner network, employees, and the thousands of customers and clients who use its services daily,” Mr. Cragun said.

Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case."

Kathy Stech in Wallstreet Journal - Jun 25, 2015
 

CEO Thiel few months ago: "Overall, we currently believe that a conservative estimate of potential future licensing fees that could be generated from this patent is $100 Million."

"We have identified hundreds of websites and applications that we believe infringe upon this patent and believe there are likely thousands more. We have set a clear course to begin the process of licensing this patent and expect to continue to report the results of these monetization efforts with greater frequency. Overall, we currently believe that a conservative estimate of potential future licensing fees that could be generated from this patent is $100 Million."
 

Ken Cragun some weeks ago and I am sure, the SEC hat read this, too

Ken Cragun - Chief Financial Officer, Secretary: " We explore strategic alternatives with our advisors, Siemer & Associates. We need to do something that is strategic. It could include sale of, as we discussed in the past, perhaps selling patents or Krillion or other non-core assets. But as you know, when you work with a banker for strategic alternatives, it includes, it kind of puts everything on the table. So we are early in that stage. But for us, to really achieve the goals that we have of accelerating programmatic, rolling out more and more mobile carriers, we think it's important that we execute something in the near-term with our advisors on the strategic front in order to achieve these goals and that's our focus right now."
 

CEO Thiel last November: We believe we have the opportunity for strong monetization or improvement patents

Now I’d like to update you about our licensing strategy. In September, the lawsuit against Fry’s Electronics regarding the infringement of Local’s U.S. patent 7062453, otherwise known as the 453 patent, which covers messaging systems for dynamic networked commerce architecture, was settled to the mutual satisfaction of the parties and Fry’s Electronics agreed to license the patent.

We are pleased with the settlement and are continuing our efforts to enforce our intellectual property rights.
 

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I will accuse the management of Local Corp of infidelity if CFO Cragun sell dirt-cheap the valuable assets of the company to his cronies. But I hope, that SEC and/or Finra had done it, before I must start.

 

And I trust in Judge Scott C. Clarkson, who will recognize, that the not needed criminal convertible-bonds-financing from March and teh not needed planmed chapter 11 was parts of a planned robbery of criminals from the Management and the new convertible-bond-holders. I am sure, Judge Scott C. Clarkson will report this criminal activities to the SEC, too.

Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.

After my estimates was the the offering of convertible bonds in March and the bankrupty not necessary. if the management had sold the not needed assets – after my estimate it was a planned bankrupty to robber the assets of the company and the shareholders. I had told this the SEC, too.

Near 50% of the employees worked over years in the development and developed with the money of the emisting shareholders valuable 14 patents and a lot of valuable platforms. The target of the management is now, to steal this assets through not needed financing in March and last through filing of Chapter 11.

My big hope is: Any sale would need approval from Judge Scott C. Clarkson, who is presiding over the new case. And I am sure, that Judge Scott C. Clarkson will report to the SEC, if he explore a planned robbery of the shareholders through the managment and owners of the not needed bonds from March.
 

I am sure, that I must not accuse Cragun‘s cronies for fencing, if CFO Cragun will sell dirt-cheap the valuable assets of the company to his cronies, because Judge Clarkson will never allow such infidelity. which hurt the existing law.