RE:RE:RE:what a tripTobySheen7 wrote: I just sold majority of my position at $29 today. Judging from all the founders, management and majority of board members selling $39m of their holdings right before they went into blackout at the end of the year and the CFO selling almost all of his holdings at around $22, it tells me that the Q4 results are not going to be that great. I was also reading the anlayst reports, and they're also not expecting any growth (actually they're expecting the Q4 to be weaker than last year and the year to just end little over $100m of revenue, which is shrink from last year). The revenue is on a gross basis and they have on average 50% margin. So on a net revenue basis of $50m, the current market cap is $1.5B. 30x net revenue? That doesn't make a lot of sense. I think with the management selling at $6 and then between $17 and $22, I would say they agree too.
Looks like there is a lot of emotional buying happening right now, so I would be cautious about buying at these prices.
I always check someone's posting history before giving any response.
In this case, Toby had a total of 12 posts on SH before this one and his last one was nearly 3 months ago on the FanSuite BB. Naturally he has never commented on AT which pretty much tells you that he's never owned the stock and his comments above are BS.
This also explains why someone comes on and states that they've sold everything before providing a negative future scenario. Best advice is to move Toby to the ignore bin where he clearly belongs. GLTA