Local Corp aussichtslos?

First increase by Compete in April 2015 after strong decreases over a lot of month through the use of nTegrity

The from Compete pubished MUV's decreased after the use of nTegruity from more than 20 million Monthly Uniqe Visitors to a low of 3,636,658 after eight month with strong decreases - but increased first in 04/15 again to 4,129,220.

Former CEO Heath Clarke and especially former after my opinion criminal COO Sawtell tolerated fraud. The elimination of partners, who delivered only or in great parts fraud, lowered the revenues of Local Copr dramatically, but the cleaning from fraud is in the long run a big progress and will increase the revenues of Local Corp again.

nTegrity by local = An advanced traffic quality platform that leverages a multitude of signals and data to detect, analyze and decide the most successful delivery of content and ads:
- Allows Network revenue to scale predictably
- Proprietary technology ensures only real humans interact with our ads
- Local Corp#s quality traffic based on: 100% of Network syndication feed is screened for quality
- Increase in traffic quality scores from ad partners
Source:  LOCM Company Overview | March 2015  

erheblich unterschätzt:

https://siteanalytics.compete.com/local.com/#.VXXsGWeJhQI

Aber acht Millionen Marktkapitalisierung bei von Compete gemessenen 4,1 Milllionn Montly Unique Visitors sind trotzdem extrem absurd - und daher habe ich auch heute, wie es Warren Buffet oft auch tut, entgegen den Regeln der Risikostreuung nachgekauft.  

Das Risiko hier investiert zu sein wächst von Quartal zu Quartal. Jetzt schon unter 0,3$ zu bekommen, hättest du mal besser heute gekauft ;-)

Ohne Worte !!  

Wie wir Kritiker befürchtet und angekündigt haben.
Was ja auch völlig offensichtlich war.
Dennoch mussten wir uns von Libuda beleidigen,bepöbeln und bedrohen lassen.


Libuda, es ist Zeit für eine Entschuldigung von deiner Seite !

chapter 11


Form 8-K for LOCAL CORP


24-Jun-2015

Bankruptcy or Receivership, Triggering Events That Accelerate or Increase a Direct Fin



Item 1.03 Bankruptcy or Receivership.  
On June 23, 2015, Local Corporation (the "Registrant" or the "Debtor") filed a voluntary petition in the United States Bankruptcy Court for the Central District of California (the "Bankruptcy Court") for reorganization relief ("Reorganization") under Chapter 11 of title 11 of the United States Code, U.S.C.  101 et seq., as amended (the "Bankruptcy Code"). A creditors' committee has not yet been appointed in this case by the United States Trustee. The Debtor will continue to operate its business and manage its properties as debtor in possession under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court.

Cautionary Statements  

The Registrant's security holders are cautioned that trading in the Registrant's securities during the pendency of the Reorganization will be highly speculative and will pose substantial risks. Trading prices for the Registrant's securities may bear little or no relationship to the actual recovery, if any, by holders thereof in the bankruptcy case. Accordingly, the Registrant urges extreme caution with respect to existing and future investments in its securities.

A plan of reorganization or liquidation may result in holders of the Registrant's capital stock receiving little or no distribution on account of their interests and cancellation of their existing stock. If certain requirements of the Bankruptcy Code are met, a Chapter 11 plan of reorganization can be confirmed notwithstanding its rejection by the Registrant's equity security holders and notwithstanding the fact that such equity security holders do not receive or retain any property on account of their equity interests under the plan.





Item 2.04. Triggering Events That Accelerate or Increase a Direct Financial   Obligation or an Obligation under an Off-Balance Sheet Arrangement.  
The filing of the Chapter 11 case described in Item 1.03 above resulted in the automatic and immediate acceleration of amounts owing under a number of debt instruments of the Debtor (the "Debt Documents"). The Debtor believes that any efforts to enforce payment obligations under the Debt Documents against the Debtor are stayed as a result of the filing of the Chapter 11 cases in the Bankruptcy Court. The Debt Documents and the approximate principal amount of debt currently outstanding thereunder are as follows:

1. Approximately $2.3 million in senior secured debt owed to FastPay Partners, LLC.

2. $4,568,056 aggregate principal amount of the Debtor's Series A Senior Convertible Notes

3. $4,117,000 aggregate principal amount of Debtor's Series B Senior Convertible Notes





Item 5.07 Submission of Matters to a Vote of Security Holders.  
On June 23, 2015 the Registrant held its 2015 Annual Meeting of Stockholders. The following matters were submitted to a vote of stockholders:

(1) To elect two directors as a Class II members of the Registrant's Board of Directors for a three-year term expiring in 2018 (Proposal 1);

(2) To ratify the appointment of BDO USA, LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2015 (Proposal 2);

(3) To approve, in accordance with Nasdaq Marketplace Rules, the issuance of shares of our common stock underlying convertible notes and warrants previously issued by us, in an amount equal to or in excess of 20% of our common stock outstanding before the issuance of our common stock underlying such convertible notes and warrants (Proposal 3);

(4) To approve a stockholder resolution to authorize the Board of Directors, in its sole and absolute discretion without further action of the stockholders, to amend the Registrant's Amended and Restated Certificate of Incorporation, as amended (the "Certificate of Incorporation"), to implement a reverse stock split of the Registrant's common stock, $0.00001 par value per share (the "Common Stock"), at a ratio of 1-for-6 at any time prior to December 31, 2016 (Proposal 4);




(5) To approve an amendment to the Registrant's Certificate of Incorporation to increase its authorized shares of stock from 75,000,000 to 210,000,000 and the number of authorized shares of Common Stock from 65,000,000 to 200,000,000, as described in the attached proxy (Proposal 5);
(6) To approve our named executive officer compensation as disclosed in this proxy statement (Proposal 6); and

(7) To transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

As of the record date of May 7, 2015, there were 24,314,051 shares of Common Stock outstanding and entitled to vote at the meeting. The holders of 13,859,886 shares of Common Stock were represented in person or by proxy at the meeting, constituting a quorum.

At the annual meeting, the directors nominated were re-elected. Proposals 2, 3 and 6 were approved. Proposal 4 and 5 were not approved. The vote with respect to the election of the directors was as follows:




             Director             For       Withheld   Broker Non-Votes
             Frederick Thiel   3,943,8333   339,940       9,576,113
             John Rehfeld      3,838,337    445,436       9,576,113




The vote with respect to Proposal 2 was as follows:

For Against Abstain Broker Non-Votes 13,431,030 56,582 372,274 0

The vote with respect to Proposal 3 was as follows:

For Against Abstain Broker Non-Votes 3,645,495 489,755 148,523 9,576,113

The vote with respect to Proposal 4 was as follows:

For Against Abstain Broker Non-Votes 11,495,329 2,314,327 50,230 0

The vote with respect to Proposal 5 was as follows:

For Against Abstain Broker Non-Votes 10,585,276 3,266,228 8,382 0

The vote with respect to Proposal 6 was as follows:

For Against Abstain Broker Non-Votes 3,580,255 656,576 46,942 9,576,113





Item 8.01 Other Events.  
Filings. During the pendency of the Chapter 11 proceeding, the Registrant intends to file, as Exhibits to Current Reports on Form 8-K, copies of each of the monthly financial reports it files with the Bankruptcy Court.
 

von Local Corp besitzt , dann hat er jetzt andere Sorgen, schade um
das viele Geld.
 

dass wir ihn nicht lang und breit gewarnt haben.
aber er wollte nicht nur nicht hören, er hat uns niedere Motive unterstellt, gedroht uns der bafin etc zu melden, hat uns auf übelste art und weise attackiert.

ich bin sonst nicht nachtragend, hätte mit jedem anderen in der Situation mitleid, aber nicht mit libuda.

nicht nachdem was er sich geleistet hat


hoffentlich haben nicht mehr sehr viele auf ihn gehört, hier oder in den USA yahoo als stannguru

wollen wir es hoffen  

hab des öfteren mitgelesen, war vor längeren hier auch mal hin u wieder kurzfristig investiert....., was ich aber absolut nicht verstehen kann ist, das man solche Summen in nur einen Wert investieren kann und vor allen nicht mal die Notbremse zieht, Klar mit Verlust verkauft keiner gerne, aber ohne Moneymanagement geht es an der Börse halt nicht.



 

Tja nun ist es soweit, was wir armseligen Schwarzmaler schon seit langem von den Dächern gepfiffen haben.

Als Libuda noch von einer 3stelligen Millionen Marktkapitalisierung geträumt hatte, haben wir hier schon (konstruktiv) auf die Möglichkeit einer Insolvenz hingewiesen.

Wie war das noch mit den tollen Patenten? So wie es aussieht wird genau das eintreffen, was ich in #1 vor einem halben Jahr schon in Betracht gezogen hatte ...

"Das Geschwalle von den ach so tollen Patenten und was man daraus alles für Patentzahlungen erwarten kann, ist meiner Meinung nur theoretischer Natur. Local hat überhaupt nicht mehr genug Cash um Gerichtsstreitigkeiten in Gang zu bringen, das wüssten auch eventuelle Patentstreitsgegner ... man müsste es einfach nur aussitzen und wer sollte die Patente denn wirklich kaufen? Wenn es so weitergeht kann man die doch günstig aus der Insolvenzmasse auslösen. Bei Local eilt es sicher keinen"

 

Gestern OTC unter 1 Cent gehandelt. Meiner Meinung nach ist das teilweise kriminell was Libuda in den letzten Wochen und Monaten geschrieben hat. Die Assets sollen angeblich zwischen 50 und 100 Millionen (!!!) höher sein, wenn die Patente verkauft würden. Ich bin relativ sicher, dass solche Aussagen strafrechtlich relevant sind, wenn jemand der aufgrund dieser Aussagen Verluste eingefahren hat Anzeige erstattet.

http://www.ariva.de/forum/...ssichtsreich-392956?page=358#jumppos8966

Aus dem Land der Träume in die Realität ... Marktkapitalisierung: ca. 0,25 Mio $

Wie schon mehrfach gesagt, mir tun diejenigen leid die Libuda reingeritten hat, ... aber auch nur die.

Grüße
JG