Comments Off on Demand Media files amended S1

In Brief: Demand Media has filed an amended S1 to their IPO. I don’t have a lot of time to look at the differences, but I thought I’d mention it for those who are interested. Could make for some interesting weekend reading.

Comments Off on Tucows to repurchase another 5% of shares in Dutch Auction

Tucows has just announced another Dutch Auction to repurchase 2,900,000 shares of it’s stock in a Dutch Auction ranging from .61 to .70 / share, commencing next week.

This comes on the heels of a long line of regular share repurchases and another Dutch Auction last year. Tucows has been steadily reducing its outstanding shares for a few years now.

Disclosure: Long Tucows.

Comments Off on Tucows posts second quarter loss of 0.01/share

Briefly: Tucows just posted their second quarter results. While net revenues and deferred revenues were up modestly, they posted a loss on forex losses (read: weak US dollar) and because the second quarter from last year included one-time items like their divestment from Afilias and a patent assignment.

Read more »

Comments Off on Marchex to pay dividend….there’s just one problem.

Marchex (Ticker MCHX) recently announced that they will start paying a quarterly dividend of .02 per share, which at today’s closing price gives it a 1.7% yield. I was holding off commenting on this until the earnings came out, which happened today, as reported on TheDomains. After squeaking in a very negligible profit last quarter, they sunk back into loss territory this one. Which brings us to the one problem about the dividend:

Where are the earnings that they will supposedly come out of?

Read more »

Comments Off on Live Current closes another private placement

After the recent news that Live Current raised $375K in a private placement, word arrived today that they closed another private placement yesterday: 46 more units for $225,000. That means an additional 2.3M shares (close to 10% of the shares out) and then 2.3M more warrants convertible into shares @ .15 cents within the next 2 years.

The earlier private placement was covered at Domain Name Wire with some follow-on analysis here.

Comments Off on Live Current private placement dilutes shareholders 15% to 28%

As observed in DomainNameWire today, Live Current completed a private placement, selling 74 units consisting of 50,000 shares each for total proceeds of $370,000. Based on the current shares outstanding (roughly 24,000,000) this amounts to a 15% dilution of current shareholders. The units also include warrants to purchase an equal number of shares at .15 within 2 years. If Live Current manages to lift the stock price above that level, it will further dilute shareholders another 13%, based on the the number of shares outstanding of 27,700,000. Read more »

Comments Off on Does Looksmart look cheap?

Shadowstock is a another very interesting niche blog that covers “Deep Value Micro Cap Investing” and I’ve been following it for awhile. Once of his more recent ideas as a possible Ben Graham net/net is Looksmart (Nasdaq:LOOK), the “second tier” Pay-Per-Click search engine.

Read more »

Comments Off on Pacific Webworks: Exonerated of Google scam allegations, are they dirt cheap now?

The odd story of Pacific Webworks (ticker PWEB) took another turn a couple weeks ago when a judge threw out Google’s claim that the company was behind those incessant “earn money from Google working from home” scams you see all over the internet. Now that they have this monkey off their back, they’re trading at a 1.02x trailing earnings.

Read more »

Comments Off on Tucows aftermarket revenues vs. costs: This is what I’m talking about.

So, a lot of comments from the peanut gallery around my last post. Seems like people take it quite hard when you suggest that they may be throwing money into something without a sound basis for it and calling it “investing”.

Looking over Tucows annual report we find that classic setup that really can make domain names the single greatest investment in the world.

From the notes to the financial statements we find that Yummynames added anywhere between nearly 5 and 7 million dollars in revenues to Tucows operating performance over each of the last three years, that’s basically about 17 million dollars in revenue over 3 years (or a combined 25 cents a share over 3 years, currently trading around 72 cents).

Read more »