***** BET THE JOCKEY *****
***** BET THE JOCKEY *****
Got- what could be a very interesting stock play…Function (X) Inc. (NASDQ:FNCX:$3.01)…then again, it may not be, so before you do “anything” do your own DUE DILIGENCE.
FNCX is a “play” on this whole social-media business. I know that sounds kinda nebulous, but I still use a rotary phone.
FNCX was “cobbled” together about a year ago from a shell-corporation by a guy named Robert F.X. Sillerman who “use to own” American Idol. For our purposes, Sillerman is THE JOCKEY.
Now if this kinda stuff interests you, do some heavy duty GOOGLING as well as check www.functioninc.com and see what you come-up with on Sillerman and Function (X).
Based on THE JOCKEY and the team of jockeys that Sillerman has assembled–JEFF EATS thinks that something huge maybe in the works here.
Jeff,
ive looked at this stock a few times but never pulled the trigger. no question sillerman is a player in the media industry. if i recall correctly he actually conrtols almost all of the stock here. no question he has added heavyweights to his tv rewards co. as a matter of fact today he announced new hires of some real impressive people based on their resumes. he also announced a renaming of the co. and a reverse 1-2 stock split.
right now the mkt is giving a co. with virtualy no revenues a $500,000,000 value.
what you are doing is betting that the JOCKEY knows how to ride this horse. you are betting solely on Sillerman’s track record.
in the current weak mkt i’ll pass on stocks like this. too many real companies out there selling for what looks like cheap prices.
i do appreciate your thought process, but this one doesnt work for me.
by the way sillerman is something like 65, not real old but old enough to make me worry if i owned stock as to what happens to the co. if he just drops dead.
thanks again for the interesting conversation.
MKY
isnt he the same jockey who has a huge loser with cexe.
PRESS RELEASE: Viggle Inc. to Be the New Name for Function(x) in Recognition of Growing Success of Its TV Loyalty Application
9:03 AM Eastern Daylight Time Jun 07, 2012
NEW YORK–(BUSINESS WIRE)–June 07, 2012– Function(x) Inc. (Pink Sheets: FNCX), founded by media and entertainment entrepreneur Robert F.X. Sillerman, announced today that it has renamed the company Viggle Inc. The Company also announced a reverse stock split. Viggle has enjoyed great success since its launch on iOS devices in January. In anticipation of new features and expanded device compatibility, the Company is making the name change to make it simpler and more direct for Viggle members and others to easily identify the primary business of the Company with its publicly traded shares. [The Company will trade under ticker symbol FNCXD. Subject to FINRA approval, the Company anticipates that it will change its stock symbol later this year and will publicly report such change when it becomes effective.] The Company also announced today a reverse 1 for 2 stock split, effective June 7, 2012. About ViggleSM Viggle is a loyalty program for television that gives people real rewards for checking into the television shows they are watching. Currently available for Apple iPhone(R), iPad(R) and iPod touch(R), Viggle automatically identifies what television shows its users are watching and awards them points when they check-in. Viggle users can redeem their points in the app’s rewards catalogue for items such as movie tickets, music, gift cards or convert them into charitable donations. For more information, follow us on Twitter @Viggle or like us on Facebook. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. All information provided in this press release is as of June 7, 2012. Except as required by law, Function(x) Inc. undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. CONTACT: Media Contact: Weber Shandwick for Viggle Laura Gonia 206-576-5580 Viggle@webershandwick.com or Investor Relations: Viggle Inc. John Small, Head of Strategy & Corp. Development 212-231-0092 John.Small@functionxinc.com SOURCE: Viggle Inc. Copyright Business Wire 2012 (END) Dow Jones Newswires June 07, 2012 09:03 ET (13:03 GMT)
tons of seemingly heavyweights joining the co. but it really has no buisness right now and a capitalization of about 1/2 billion. not sure as to what’s going on here so i say pass on the stock.
read in the nyt that the jockey sillerman is also putting together a new company for the djs that are playing huge venues all over the world.
this guy got his finger in all different pies.
sillerman actually flopped with american idol. look at the stocks history.
his cexe amusement park stock is 8 cents and he’s way under water there.
this fncx is another stock thats got folks so far holding the bag.
seriously doubt that his new dj consolidation business will be anything but a flop.
for sure the guy is loaded but his recent track record sucks.
Jeff
The jockey is almost 65.
He had the radio hit years ago. Since then he’s been failing big time.
He lost a fortune in real estate.
American idol not too good when he sold it.
Vegas Elvis hotel a bust.
Ferris wheel in Orlando a bomb.
Fncx nothing but big talk.
Now he’s buying djs. Bet that one busts out also.
Time for your jockey to go to the glue factory.
Your jockey years ago had one winner.
He hasn’t been on a winner in years.
Forget him he is a washed up player.
Jeff, your jockey is only in deals for himself. is public companies dont work out for the public. i’ll pass.
i think i’d pass on sillerman’s latest venture. he last few have been huge losers.