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Liberated Syndication Inc. (LSYN)

Other OTC - Other OTC Delayed Price. Currency in USD
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3.8000+0.0500 (+1.33%)
At close: 03:55PM EST
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  • m
    marc
    Big volume, for us at least.
    The size of the trades are in the thousands and round figures. Classic Camac buying.
    Financials getting close???
  • G
    Gary P.
    So now there is no reason this shouldn't start moving. Good leadership in place.
  • T
    TellUs HOW
    The chairman of the board is now the chief executive officer, Mr Bradley Tirpak. There are a lot of sizable performance incentives which I hope he will accomplish. The one I like is 50,000 PSUs annually for filling the annual reports with the SEC form 10-K. And then there’s 20000 PSUs for listing lsyn on the New York or NASDAQ exchange. The PR was released today Nov 3rd by president Laurie Sims. Go Bradley!
  • m
    marc
    I'm looking forward to the financials getting cleared up. I really don't care if there's a big adjustment in them.
    It's all in the past. Those guys were clowns.
    The A team is running things now.
    This company is set up for success and we will all benefit.
    2022 is going to be a very prosperous year.
  • T
    TellUs HOW
    LSYN
    The new CFO is receiving some very impressive incentives. Unfortunately, we cannot take advantage and increase our positions. Hopefully, just hopefully LSYN will be able to complete the required documents of the SEC and be listed again. Laurie Ann get the team cracking and resolve the issues.
  • m
    marc
    Do they have to disclose the terms of the Podgo purchase? Nothing on sec.gov.
  • m
    marc
    Does anyone know where this outside investor came from and why we need him?? What purpose does he serve?
    Thoughts......
  • m
    marc
    Sorry to all. August 24th SEC filing explains it all as well as an investor presentation.
    My bad.
  • L
    Lil' Stevie
    We need some NASDAQ/NYSE action now!!!

    On September 28, 2021, new amendments adopted by the U.S. Securities Exchange Commission (SEC) go into effect to enhance investor protection and improve issuer transparency. These amendments restrict the ability of market makers to publish quotations for those companies that have not made required current financial and company information available to regulators and investors.

    Ahead of the regulatory enforcement date, we will only accept orders to liquidate positions (i.e. no new buy orders) starting August 13, 2021. After the amendment officially goes into effect on September 28, 2021, it may be more difficult to liquidate these securities. Quoting and market liquidity may also be very limited.

    What this means for your account(s).

    You are receiving this notification because you currently hold one or more of the impacted securities in your account. We're including the list below but be aware that it may not include all of your impacted securities. There is also a chance that the impacted companies could come into compliance with the regulatory requirements ahead of this date and be removed from the list. For a current list of all securities (which is subject to change), please visit www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf.

    LSYN,

    You have multiple options to consider, such as:

    Take no action. You are not required to sell these securities; however, starting August 13, 2021 we will restrict these securities to liquidation-only transactions. You may continue to hold them, but you may have difficulty selling them in the future and there is no guarantee as to what their future value will be.

    Place trades to liquidate. You may place trades to liquidate these securities now. Due to the uncertainly, we cannot guarantee there will be sufficient liquidity to close your position(s) in the future.

    Transfer your positions to another financial institution. Other U.S. financial institutions are also impacted by this amendment so you may have difficulty transferring them out of TD Ameritrade. If you are interested in transferring the assets, please submit any outgoing transfers requests to us. (These transactions may incur fees or commissions, depending on the asset type.)
  • T
    TellUs HOW
    Sim's stock award. Laurie Ann received 175000 shares of unrestricted company stock. On the other hand she forfeited 300000 shares of restricted stock for failure to achieve goals, listing on on the New York or NASDAQ exchange by January 1 2021. So clearly the company's goal is to be listed on a major exchange. Reviewing the criteria for listing most or all have been met. It's just a matter of time.
  • T
    TellUs HOW
    Maybe, just maybe LSYN is getting ready to move forward. The agreement with CEO Busshaus and the received documentation from Spencer may put this in the rear view mirror and allow LSYN to move forward and a Nasdaq or a New York listing. I think a price of $4.00 for a given period of time is one of the requirements for listing. That's what is seen in the price lately, attempts to keep the price at or above $4.00. As noted before a big incentive for Sims is to get LSYN listed on either the New York or Nasdaq exchange. GO Laurie Ann, GO!
  • I
    I love Volleyball
    Hi All - OK I’m dropping my 5 envelopes in the mailbox in the next hour and voting my 141 to 225 k shares in support of calling a special meeting. Time will tell what I support at the special meeting but I do think the best decision is to be sure and vote your shares for the meeting. Let’s hear Camac out and see how Camac and the current leadership stack up side by side. Don’t be passive. Do what is in your best interest. It’s your money not theirs!
  • E
    Etienne
    What will happen on the 28 September? Will trading be halted entirely until the financial statements are corrected and filed?
  • I
    I love Volleyball
    I'm thinking Knight was right about a later earnings statement. I guess company needs more time to put together merger content and probably wNts to divulge at a later juncture coming NASDAQ UPGRADE PLANS ETC. This is a good time to buy if you have money available. I'm overbought so just biding my time to the surge upward.
  • m
    marc
    Great news on special meeting!!
  • m
    marc
    As I said on my post 5 weeks ago, CAMAC would move on this board of directors and our company.
  • K
    Knight933
    Another benefit not yet discussed in details is the net operating loss carry-forwards (NOL's) at LSYN. You have to factor this into your valuation. The NOL's allow the company to avoid paying taxes for some time. Again, this company does zero IR work, so the only way you would know about the NOL’s is from the 2016 annual report. I will walk through a rough estimate of what I believe to be a conservative value of the NOL’s.

    According to last year’s 10K, LSYN had about $13.9M in NOL’s at year end that expire in 2034. The 2017-10K has not come out yet, so we will have to make some estimates. Year to date for 2017 (thru Q3) LYSN did about $1.37M in pre-tax income (Note – this is understated due to high mgmt comp in 2017). They have not reported Q4 yet, so let’s be conservative and lower the NOL as much as possible by doubling that for the full year 2017. So let’s say 2017 full year, pretax was $2.74M. Taxed at 35% that’s ~$959K of taxes shielded.

    So we started 2018 with at least $12.96M of NOL’s. I ran estimates of 2018 pre-tax income under 3 scenarios, each with a 25% tax rate, assuming ZERO earnings growth, and using a discount rate of 10% of the figure out the NPV.

    In #1 – No M&A, No Growth – I get 2018 pre-tax income of at least $4.2M, which at a 25% tax rate shields $1.057M in taxable income for each of the next ~12.5 years. NPV = $0.28 per share (17.5% of the current market cap).

    #2– M&A, No Growth, No Synergies – I get 2018 pre-tax income of at least $6.7M (remember LSYN said PF 2017 EBITDA for the deal was about $7M), at a 25% tax rate shields $1.678M in taxes for next ~7.5 years. NPV = $0.34 per share (21% of the current market cap).

    #3– M&A, No Growth, Synergies – I get 2018 pre-tax income of $8.9M, at a 25% tax rate shields $2.23M in taxes for each of the next ~5.5 years. NPV = $0.36 per share (22.8% of the current market cap).

    Bottom line – the NOL makes this stock about 1.5x multiple points cheaper than I thought before. More M&A will only increase the NOL's value, as it will allow them to shield more taxes, sooner, raising the NPV.

    I suspect others will figure this out eventually :-)
  • T
    TellUs HOW
    Insider buying. The first 3 days of Dec 80,000 shares purchased by reporting persons Eric Shenanigan and Rich Heyse. 5 trades in all, 60K shares to Eric and 20K shares to Richard. Guessing here that this prompted others that are IN THE KNOW and do not have to file with SEC to create the volume seen this month.
  • I
    I love Volleyball
    While I don’t like some aspects of the current MANAGEMENT AND BOD TEAM, I like their strategies/priorities to grow revenues and profits: 1) Introduce podcast service offerings in Spanish to grow that segment; 2) Introduce podcast advertising innovations to grow advertisement revenues; and 3) Improve the web hosting marketing separate and bundled with podcasting. If I were CEO, these would be my strategies for 2019, and they are LSYN’s, so happy about that. I’m expecting share price to benefit from raised revenues/profits AND market standing.
  • K
    Knight933
    ***This bears repeating***…Voting yes is merely to HOLD a special meeting - not choose a side between CEO Chris Spencer vs Camac TODAY. If 25% call a special meeting, there will be ample chances for both sides to make their case and for shareholders to decide for themselves. I’m seeing some claim they need to hear more from Camac before they decide who to back…Vote for a special meeting if you want more information and the process to continue. (Wanted to clarify for investors new to process)