Mbay (chi Sa Qualcosa?) 0.60
-
ANNUNCIO: 36° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.
Sui mercati azionari prevale l’avversione al rischio, dopo i toni restrittivi della Fed che in settimana ha segnalato tassi più elevati e per più tempo. Mercoledì scorso la banca centrale americana ha deciso di mantenere i tassi invariati ma al tempo stesso le nuove proiezioni indicano che la maggior parte dei funzionari è favorevole ad un nuovo rialzo entro fine anno. Giovedì si è riunita la Bank of England che non ha toccato i tassi e c’è chi parla della fine del ciclo restrittivo. Al termine della riunione, i tassi sono rimasti invariati al 5,25%, interrompendo così la striscia di 14 strette consecutive. Venerdì, invece, è stato il turno della Bank of Japan che ha mantenuto i tassi negativi e ha lasciato inalterata la politica monetaria, confermando la visione secondo cui l’inflazione sta decelerando. Per continuare a leggere visita il link
ha chiesto una proroga dei termini di presentazione per i bilanci alla SEC a quanto pare di capire da qui
- MediaBay seeks 10-K filing delay
E-mail or Print this story
30 March 2004, 10:54am ET
Reuter terminal users - A press release related to this news headline is available. Please click within the brackets to access. [nPN3UY111
- MediaBay seeks 10-K filing delay
E-mail or Print this story
30 March 2004, 10:54am ET
Reuter terminal users - A press release related to this news headline is available. Please click within the brackets to access. [nPN3UY111
CEDAR KNOLLS, N.J., March 30 /PRNewswire-FirstCall/ -- MediaBay, Inc. (Nasdaq: MBAY), a leading audio content, marketing and publishing company, today announced that the Company will seek an extension on its Annual Report on Form 10-K pending the conclusion of negotiations to materially refinance and restructure its existing senior and subordinated debt.
The Company will file a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission tomorrow in connection with this extension. MediaBay intends to work towards completing these negotiations as soon as practicable and to file its Annual Report on Form 10-K by April 14, 2004.
MediaBay estimates that its net loss applicable to common stockholders for the fiscal year ended December 31, 2003 will be approximately $6.9 million, or approximately $0.50 per share, compared to $2.5 million, or $0.18 per share, for the prior year. The increase in net loss applicable to common stockholders was due primarily to lower sales resulting from reduced new member marketing efforts, due to a lack of working capital. In addition, there were specific charges and write-downs related to the implementation of the ongoing turnaround strategy in the fourth quarter.
MediaBay CEO Jeffery Dittus stated, "2003 results reflect the beginning of our transformation. There are no guarantees that the refinancing will be concluded, however, if we are successful, it will represent a significant step forward. The refinancing would provide working capital to begin new marketing initiatives. Furthermore, a healthier balance sheet will enable us to pursue partnerships and build upon our robust content offering and industry leading position in audiobook and old-time radio show distribution."
Mentioned Last Change
MBAY 0.60 0.11dollars or (15.49%)
MediaBay, Inc. (Nasdaq: MBAY) is a multi-channel, media marketing company specializing in the $2.6 billion audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay distributes content through more than 20 million direct mail catalogs; streaming and downloadable audio over the Internet; over 7,000 retail outlets; and a 260 station syndicated radio show. For more information on MediaBay, please visit www.MediaBay.com or its subsidiary sites: audiobookclub.com, radiospirits.com, and radioclassics.com.
The Company will file a Notification of Late Filing on Form 12b-25 with the Securities and Exchange Commission tomorrow in connection with this extension. MediaBay intends to work towards completing these negotiations as soon as practicable and to file its Annual Report on Form 10-K by April 14, 2004.
MediaBay estimates that its net loss applicable to common stockholders for the fiscal year ended December 31, 2003 will be approximately $6.9 million, or approximately $0.50 per share, compared to $2.5 million, or $0.18 per share, for the prior year. The increase in net loss applicable to common stockholders was due primarily to lower sales resulting from reduced new member marketing efforts, due to a lack of working capital. In addition, there were specific charges and write-downs related to the implementation of the ongoing turnaround strategy in the fourth quarter.
MediaBay CEO Jeffery Dittus stated, "2003 results reflect the beginning of our transformation. There are no guarantees that the refinancing will be concluded, however, if we are successful, it will represent a significant step forward. The refinancing would provide working capital to begin new marketing initiatives. Furthermore, a healthier balance sheet will enable us to pursue partnerships and build upon our robust content offering and industry leading position in audiobook and old-time radio show distribution."
Mentioned Last Change
MBAY 0.60 0.11dollars or (15.49%)
MediaBay, Inc. (Nasdaq: MBAY) is a multi-channel, media marketing company specializing in the $2.6 billion audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay distributes content through more than 20 million direct mail catalogs; streaming and downloadable audio over the Internet; over 7,000 retail outlets; and a 260 station syndicated radio show. For more information on MediaBay, please visit www.MediaBay.com or its subsidiary sites: audiobookclub.com, radiospirits.com, and radioclassics.com.
ti consiglio di dare un'occhiata. Talvolta le opinioni da consumatore sono indicative. L'aumento è dovuto ad un acqusto di oltre 30000 pezzi poco fa
http://www.mediabay.com/home.asp?f=1
Si attenauano le nubi sul debito
April 2004, 11:05am ET
CEDAR KNOLLS, N.J., April 12 /PRNewswire-FirstCall/ -- MediaBay, Inc. (Nasdaq: MBAY), a leading audio media marketing company, announced that the conversion of $4.0 million in convertible subordinated notes to equity was approved at a Special Meeting of Shareholders conducted earlier today.
In January, MediaBay concluded a $4.0 million financing through convertible subordinated notes with institutional and accredited investors. The notes converted into 5,398,210 shares of MediaBay common stock.
MediaBay will report results for fourth quarter and fiscal 2003 later this week.
MediaBay, Inc. (Nasdaq: MBAY) is a multi-channel, media marketing company specializing in the $800 million audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay distributes content through more than 20 million direct mail catalogs; streaming and downloadable audio over the Internet; over 7,000 retail outlets; and a 260 station syndicated radio show. For more information on MediaBay, please visit www.MediaBay.com or its subsidiary sites: audiobookclub.com, radiospirits.com, and radioclassics.com.
Mentioned Last Change
MBAY 0.65 0.05dollars or (8.33%)
Certain statements in this press release constitute "forward-looking" statements that involve a number of known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any results, performances or achievements express or implied by such forward-looking statements. These risks and uncertainties, include, but not limited to, the Company's history of losses; the Company's ability to complete the proposed refinancing to enable it to conduct new member marketing and satisfy its debt obligations, meet stock repurchase obligations, anticipate and respond to changing customer preferences, license and produce desirable content, protect its databases and other intellectual property from unauthorized access, pay its trade creditor and collect receivables; dependence on third-party providers, suppliers and distribution channels; competition; the costs and success of its marketing strategies; product returns; member attrition and other risks detailed in the Company's Securities and Exchange Commission filings. Undue reference should not be placed on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward- looking statements.
Contacts:
April 2004, 11:05am ET
CEDAR KNOLLS, N.J., April 12 /PRNewswire-FirstCall/ -- MediaBay, Inc. (Nasdaq: MBAY), a leading audio media marketing company, announced that the conversion of $4.0 million in convertible subordinated notes to equity was approved at a Special Meeting of Shareholders conducted earlier today.
In January, MediaBay concluded a $4.0 million financing through convertible subordinated notes with institutional and accredited investors. The notes converted into 5,398,210 shares of MediaBay common stock.
MediaBay will report results for fourth quarter and fiscal 2003 later this week.
MediaBay, Inc. (Nasdaq: MBAY) is a multi-channel, media marketing company specializing in the $800 million audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay distributes content through more than 20 million direct mail catalogs; streaming and downloadable audio over the Internet; over 7,000 retail outlets; and a 260 station syndicated radio show. For more information on MediaBay, please visit www.MediaBay.com or its subsidiary sites: audiobookclub.com, radiospirits.com, and radioclassics.com.
Mentioned Last Change
MBAY 0.65 0.05dollars or (8.33%)
Certain statements in this press release constitute "forward-looking" statements that involve a number of known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any results, performances or achievements express or implied by such forward-looking statements. These risks and uncertainties, include, but not limited to, the Company's history of losses; the Company's ability to complete the proposed refinancing to enable it to conduct new member marketing and satisfy its debt obligations, meet stock repurchase obligations, anticipate and respond to changing customer preferences, license and produce desirable content, protect its databases and other intellectual property from unauthorized access, pay its trade creditor and collect receivables; dependence on third-party providers, suppliers and distribution channels; competition; the costs and success of its marketing strategies; product returns; member attrition and other risks detailed in the Company's Securities and Exchange Commission filings. Undue reference should not be placed on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update any forward- looking statements.
Contacts:
