Registered: Mar 2012
Posts: 705

Well... This sucks... If they go under before my partner company lawsuit is finished there is going to be no reason to sue them anymore as they won't have the money to pay...

lol...

On the positive side, if they do go under and get split up I am launching another gaming company in a couple years.

Registered: Feb 2011
Posts: 231

ZNGA is its own special little turd, as I suggested earlier in this thread, when it was in the teens. I tried shorting it but unfortunately covered quickly when I found out IB was charging me 100% interest rates.

Don't mistake FB for ZNGA.

Registered: Nov 2005
Posts: 293

At 3$ it becomes very interesting to me as a value guy - ZNGA has 1.44 in cash and no debt - ZNGA is ~15% of FB's revenues, so I don't see FB letting ZNGA going under. That would catastrophic for FB.

I might be selling some puts tomorrow depending on how much the 3$ Puts are going for ~

FB's EPS should be good IMO and give a lift to ZNGA.

At some point FB will be a buyer of ZNGA IMO - much like how GOOG spent money after it's IPO.

Registered: Oct 2001
Posts: 14532

How does a company do an IPO in december at 10 and is at 3 seven months later? And they wonder why the public won't go near the stock market.


Did the underwriters do any due diligence? Will they just bring out anything now if they can line up enough suckers?

Registered: Jan 2012
Posts: 175

Who are the morons buying Zynga in the first place? Internet stocks have always been a gamble, so I have no problem with Zynga going public, but you better be aware that you could lose all your money if you hold it all the way.

Registered: Aug 2008
Posts: 4105

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Quote from AAAintheBeltway:

How does a company do an IPO in december at 10 and is at 3 seven months later? And they wonder why the public won't go near the stock market.


Did the underwriters do any due diligence? Will they just bring out anything now if they can line up enough suckers?

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ABSOLUTELY agreed!!!!!

Investment bankers tee totally ruined it for everyone. We would think they may have learned their lessons from the mess they made that damn near brought down the entire financial system, but here they stand, doing what they've been doing...

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