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iBiquity's fraudulant IPO - LOL!
Bob Struble posted this on Twitter a few weeks ago:
"Good NYC trip. Wall St way more upbeat than recently. IPO pipeline better, but most think rally was too fast. Folks liking HD Radio progress" http://twitter.com/rjstruble/status/3884404775 But, DIYmedia got ahold of his tweet: "Robert Struble Channels Lee DeForest" "iBiquity's President and CEO, Robert Struble, has taken to tweeting. In early September, he revealed he'd taken the train to Wall Street to float the notion of taking iBiquity public: 'Good NYC trip. Wall St way more upbeat than recently. IPO pipeline better, but most think [stock market] rally was too fast'... Here's where the history lesson comes in. In the early 20th century, Lee DeForest, inventor of the 'audion' tube spent a portion of his early career engaged with unscrupulous businessmen in the practice of 'pumping and dumping' stock in radio companies featuring his invention. Partly because DeForest wasn't exactly sure how his invention worked, and partly because the regulatory paradigm of broadcasting hadn't been firmly established yet, many of his ventures failed, and DeForest spent much of his life engaged in patent lawsuits (although he was acquitted of stock fraud, his business partners weren't). One might say the same about Bob Struble and iBiquity. Although HD Radio is 'workable,' it doesn't work well, and even broadcasters don't fully understand how to implement the technology. Given the wobbly future of the HD Radio protocol, it is not far-fetched to see a historical parallel between Struble and DeForest." http://www.diymedia.net/archive/1009.htm#101709 Now, I'm getting hits from all over the US, searching on "iBiquity IPO" - here's the one from Price Waterhouse Coopers LLP in NYC, that Struble must have been talking with, searching on "iBiquity IPO" http://tinyurl.com/ygov9tm The cat in now out of the bag - what a ****ing loser - LMFAO!!! Of course, the IPO market is all but dead: "Market Structure is Causing the IPO Crisis" October 2009 "Over the last several years, the IPO market in the United States has practically disappeared. While conventional wisdom may say the U.S. IPO market is going through a cyclical downturn exacerbated by the recent credit crisis, many experts are beginning to share the view of a new and much darker reality: The market for underwritten IPOs, given its current structure, is closed to 80% of the companies that need it... The first six months of 2009 represents the worst IPO market in 40 years. Given that the size of the U.S. economy, in real GDP terms, is over 3x what it was 40 years ago, this is a remarkable and frightening state of affairs. Only 12 companies went public in the United States in the first half of 2009, and only eight of them were U.S. companies." http://tinyurl.com/yzvefj6 LOL! |
#2
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iBiquity's fraudulant IPO - LOL!
IBOC - FM HD-Radio Will Come-of-Age Around 2015
http://groups.google.com/group/rec.r...70bdb32c6cf8bb |
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