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notd665
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So who here is going to buy a piece of the Shack?
Gamefly going public; files $50m IPO
http://www.joystiq.com/2010/02/10/gamefly-going-public-files-50-million-ipo/
Feb 10, 2010 11:44am PST
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So who here is going to buy a piece of the Shack?
Gamefly going public; files $50m IPO
http://www.j...
:
notd665
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180
replies.
I get to own part of the fucking shack.
:
mrvandelay
"YOU CAN'T BAN ME, I'M A SHAREHOLDER!"
:
jasonepowell
I have shares!! Ban this man!
:
boring gegtik
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GameFly is currently practicing a "quiet period" and representatives could not comment on this report. ...
:
Iwannaacura
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http://en.wikipedia.org/wiki/Quiet_period
:
RomSteady
Related to: http://en.wikipedia.org/wiki/Silent_generation
:
c0bra
It's a legal thing, IIRC. It pretty much means what it literally implies though.
:
geedeck
a quiet period is the opposite of LOUD NOISES
:
Deathlove
When it comes to the malware advertisements here, they have been in a quiet period for some time AM I RIT...
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rosewood
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how i buy website of cock?
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MercFox1
Inquire about cost of glennbeck.com.
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RomSteady
Nice, hahahaha.
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LoioshDwaggie
Can we get some sort of mutual fund going to be a massive shareholder? We'd be able to dump the advertisi...
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ryuuseki
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Get ready for Evening Reading Brought To You By Deathlove, Who Is Fucking Awesome.
:
Deathlove
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TSDR.
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DarkWolf5
YOU ARE FIRST AGAINST THE WALL WHEN MY ONESHARE ORDER CLEARS
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Deathlove
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WERE GONNA BE RICH!!!!
:
multisync
It gets your
Chicks
Checks!
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kanix
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do mercury subscribers get some shares?
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Smitty
Absolutely. Just send $1,000 by wire to my bank account as a security for your shares.
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LoioshDwaggie
are they going to give some of that back to the developers whose money they have stolen by causing people
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mwasher
If they can fucking get rid of virus ad vendors I might consider it.
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Scotty22
I own one share of Planet kajiggers so I'm entitled to some answers. Question 1: Why does no one vi...
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alphablu
It's rather funny reading their Risks part - One big earthquake and we're DOOOOOOMMMMMMEEEEED. It's like ...
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Jonathan
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Go Steve! :)
The Company acquired ShackNews for an aggregate purchase price of $3.1 million, including t
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multisync
Well played, old bean.
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Deathlove
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I think Maarten got a cut?
:
Clay
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Actually, turns out he "got cut", as in
my gold-digging niece got cut from the will
.
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silent prophet
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really? how so?
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conandan
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nah, I'm just joking. They were going to give him the money, but he only took 200 space bucks for gas, lu...
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silent prophet
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It's
tolls
, but other than that, well done.
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RomSteady
Oh. That explains why it never quite made sense to me. :)
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silent prophet
HELLLOOO BAAAABYY!
check please!
:
Halen
jinx
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mwasher
nice haul!
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trOmblyj
niiice
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mrvandelay
I didn't even get a Christmas card. Fuck you, Steve.
:
Phil
Haha, so when are you guys getting paid? :)
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LoioshDwaggie
Now he can pay off his BMW
:
tomservo
Damn. If I had won the lottery I would have so bought the Shack.
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DarkWolf5
GAWD, $3.1 million!!
:
CrustaR
You here that, we are worth 2.2 million dollars, I DEMAND MY SHARE
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snowwolf
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That is actually a surprisingly low amount considering the amount of traffic this place probably generate...
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Yanks
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Dude got millions of dollars for a website where he talked about making donuts with a foot long penis.
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rosewood
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hard to believe that it all started with a simple page at http://www.canweb.net/~smiles/ (still in my bo...
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Halen
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It says "loading.." umm.. how long should I wait for it? I have a feeling it won't load anything.
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Maddog_Delphi97
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You just asked the 3 million dollar question. :)
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silent prophet
oh. :[
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Maddog_Delphi97
he wins, basically
:
FrayLo
says an increase in revenue of $0.2 million primarily due to acquisition of shacknews.com
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mwasher
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so each post increases the shack's value by about 13 cents. pay dividends by postcount!
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]pm[chem
Wow, so by that math Gamefly owes me $3,529.89... er $3,530.02
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trOmblyj
sounds good to me!
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bakanoodle
HOLY SHIT
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slickdoody
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Wow, Gamefly got a fucking deal of a lifetime.
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pancake humper
For serious. An established, well-known property for a total of 500k in cash and 2.1m in revenue sharing ...
:
Yanks
Really
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timaste
bravo!
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MatzL.E.
Fucking awesome!
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orgcaptainnemo
That raises more questions for me than answers.
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ra1n
goddamn son
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JINKY
awesome steve and maarten, pure awesome.
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moshman
So, mystery solved. 3.1 mil to then go onto making Borderlands and etc. Who the fuck wouldn't take that? ...
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locater16
they should go public just to pay off steve. wtf 2014.
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Downforce
wow...very impressive.
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m0rfus
don't spend it all on one pair of jeans now.
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.ka`boom.zZz.
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woah. the gibson got $3 million.
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mwasher
Not all of it at once I would reckon.
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Sailor of Fortune
If I do, does that mean I can order Alice and Faylor around?
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MorrisatCNN
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I've worked on filing IPO's before at the printers and dear God is it a mess. But I got to eat all the fr...
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Sailor of Fortune
I will glady be a "Limited Partner in a Fund""
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mwasher
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the prospectus says deloitte. I would love to know who the public auditor would be.
:
Borzoi
Well, PwC audits something like 75% of all VC's in the US and growing. It's always them and all the VC's ...
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Sailor of Fortune
Can we have something next to our names that say how many shares we own?
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mrvandelay
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the hammer is gonna come down hard on latestchatty when gamefly goes public :(
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slickdoody
why?
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kainen1
yeah ok
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trOmblyj
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What evidence do you have? Because all my evidence says otherwise
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geedeck
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Well, it certainly opens up possibility of more, not less, control by the board. If they were to see thi...
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ra1n
We need to get the Board to post in latestchatty.x
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MercFox1
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I'm just guessing of course. But public companies don't like their properties full of the kinds of things...
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slickdoody
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Everything that Gamefly has said to us both publicly and privately contradicts that perspective. While th...
:
geedeck
everything they've said publicly and privately kind of goes out the window when they become public
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Halen
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Don't the comments represent thousands upon thousands of ad views a day? I mean if I refresh the shack 20...
:
abrasion
Most ad services pay for clicks (or actions) and not impressions.
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silent prophet
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They're *terrible* ad views though. After seeing the ad 5321 times, you're highly unlikely to click throu...
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geedeck
That sucks, doesn't brand recognition still work though - if I see the ad 10,000 times? That's pretty...
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abrasion
I don't think I have clicked on a banner ad since 1996. Is that the only way they generate money?
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SockMonkeh
GAMEFLY IS BUYING THE SHACK THE SHACK WILL NEVER BE THE SAME OH GOD WHERE WILL WE GO WHEN LATEST CHATTY G...
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mwasher
shutdown like gizmodo!
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multisync
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Yours will be one of the first voices silenced.
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Ajax
I just upgraded Gamefly to buy on that insider information
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rosewood
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Not if they keep showing infected Ads thats for sure.
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YerMothah
Maybe an anti-virus or a mal-ware company will invest in the Shack and keep that tradition going as it se...
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nudel
Just like shackspace was going to get shut down when Gamefly bought the shack.
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rosewood
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Why do they need the money?
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ra1n
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We intend to use the net proceeds to us from this offering primarily for general corporate purposes,
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multisync
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I'm suprised they haven't McGriddled it yet...
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kagath
Was x-men'd for a bit.
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dmason
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tl;dr booze money
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dmason
lol yup
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Merconium
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Maybe they should use that money to hire more people or get better distribution centers that can actually...
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pancake humper
they listed Capital expenditures specifically so I'd assume they'd use the money for more distribution ce...
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snowwolf
I smell executive cash out. I wonder how many top staff members will take their shares and run?
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silent prophet
spendin' money on whatever
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spiderfill
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so in a nutshell - "just give us money, we don't have any plans for it right now, but we want some money"
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retardhumper
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i'm hoping some of it is towards writing classes for Garnett
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multisync
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You just can't raise that kind of capital in today's IPO market
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rosewood
Lay off Garnet. He can't help it.
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tometome
hookers and blow
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Mad Brahmin Disease
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It takes money to make money
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Sailor of Fortune
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Sure, but the question is whether it's worth giving up control.
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ra1n
At this point if they're primarily funded by VC's they won't have any control. VC's will have already sti...
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Sailor of Fortune
To get the files on fileshack up to date. Oh yeah I went there.
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RyDogg1
They ran out of money to pay Steve...
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lpearl
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So how can I buy some of this when this happens? I have never bought stock before.
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dognose
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1. open an etrade account 2. put real money in 3. buy stock 4. Profit! 5. ??? start your own vegan re...
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quazar
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It's that easy? How much money do I have to put in?
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dognose
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I'm no expert either but afaik you'd need to buy at least one share, so the minimum price would depend on...
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ramshot
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Usually at an IPO if you buy it immediately it will continue to jump up a few bucks.
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one random winner
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So when will this go down?
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famine101
The next day :p, few IPO's that I've actually tracked are price stable from at launch.
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one random winner
It really is, back in the day I bought 5 shares of 3DO and every year I would get this cool packet in the...
:
quazar
I would not.
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givemesnacks
If I buy Gamefly stock I want actual stock certificates.
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rosewood
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if every semi-regular LC poster just ponied up about 5-10k (rough estimate), we could control a majority ...
:
]pm[chem
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And finally move the Read the Rules button
:
indosauros
... or just get the latest Chrome Extension.
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ThomW
I vote for Phil to be on the board.
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mrvandelay
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When is their IPO scheduled?
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LoioshDwaggie
They are in a quiet period which means that have already submitted their S-1 to the SEC. They have to wai...
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Sailor of Fortune
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Yes, I'm quite sure that in this IPO they will reveal more than 50% of the stock this is quite possibl...
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Deathlove
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yes, I am quite sure my post was a serious proposal this is quite possible
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]pm[chem
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hey, i don't know how retarded you are
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Deathlove
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fucking
retarded. like, sarah pailin levels.
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proclone1
at least
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]pm[chem
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BRING YOUR FUCKING CHECKBOOK
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jingletard
nah - just pics+divx are required.
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dedgecko
I got 5 on it.
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TreMetal
Bro, I piss on 10K
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kainen1
haha, and all the owners could appoint themselves mods, remove the PRL and make themselves exempt from th...
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slickdoody
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The Shack voting bloc at shareholder meetings would be ridiculous. I imagine there will be a lot of motio...
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Cheeziologist
the two factions "jesslicaslumber party" and " lemon party" would control the votes.
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CoRDS
TITS or GTFO Board.
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massdev
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haha how are you contractually prevented from participating in an IPO?
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proclone1
He showed JessicaSlumberParty.avi to his broker.
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Phil
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it's exactly what it sounds like. Part the employment contract to which I've agreed stipulates that I can...
:
Cheeziologist
as an insider, as a consumer, as a proxy; all three? Do you work for the SEC?
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massdev
He has a contract that prevents him from participating in an IPO
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rosewood
He probably works for a financial institution or something, Auditing, Tax Prep, Investment, etc. My la...
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Sailor of Fortune
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more like contractually prevented from finish CIV4 pitboss turns
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Foxhawk
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I have 3 turns worth of commands queued up. Can anyone tell me why it's not auto-ending my turn?
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Cheeziologist
In case you change your mind? Men are such fickle subjects.
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StolenNosferatu
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there is no "auto-ending", you just have to log in and hit enter
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dirge23
(spacebar? whatever it is)
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dirge23
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Even if you have "Wait at end of turn" disabled?
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SockMonkeh
huh, i dunno.
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dirge23
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i'd probably buy 5K worth of stock. depends how much it opens for though.
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dopeman
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If I had to make a guess based on absolutely nothing at all I'd say somewhere in the neighborhood of $15-...
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one random winner
< $5/share
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Zakko
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whoa, i had it pegged at more like a third to a fifth of that price.
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dopeman
As I said, based on absolutely nothing at all.
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one random winner
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I suspected penny stock honestly
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rosewood
$50 mil.. will it even be a pink sheet?
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loboca
How will we know when we can do this? If we only have3 a couple hundred to spend will that be OK?
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dognose
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sounds like a perfect way to run the site into the ground
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maulla
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The perfect way to run the site into the ground would be to give full control of the site to Phil. Talk a...
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rosewood
The shack would be synonymous with pedophiles.com
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one random winner
I would have to look at the company financial statements before committing to investing 10k.
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spiffymc
We could do this just to extort things out of them. Threaten to all sell our shares simultaneously if the...
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notd665
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If i do, can i get a
$
to go along with the Lightning bolt.
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krym3
im with
krym3
, i want perma lighting bolt for buying stock
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m0rfus
Solid gold bans for everyone!
:
Rauol Duke
And yet they still got a really crappy ad service that serves it's users virus on a weekly/monthly basis....
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deathofrats
Stocks will go up and down depending to
Phil
's POSTS/LOLS Ratio
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r3dn3ck
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What will the ticker symbol be?
NSFW
?
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reelbk
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it says it in the first sentence of the article D:
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harold.johnson
I was on the iPod at the time : /
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reelbk