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Liquid Audio: Better off dead?

Posted by chrisd on from the well-yeah dept.

mgeneral writes "It seems so for the shareholders. Liquid Audio, had only $150,000 in revenue but managed to lose $5.6 million last quarter. Its main asset: A pile of cash. In fact, so much cash, that if they close the doors, they could pay back the shareholders more per share than the current stockprice...and thats exactly what some investors want them to do." We've run stories on Liquid Audio before...

7 of 172 comments (clear)

  1. Shareholders... by AntipodesTroll · · Score: 3, Funny

    There are two extremes to shareholders. Some want to play fair and simply have a stable investment that pays some dividends regularly.

    Then there are the buy-sell-buy-sell-buy-sell idiots who just want to Make Money Fast and try to get rich quick.

    For real sense to prevail (LA's assets are, uh, liquefied :) another type of investor needs to prevail. One that realises they are a Fucked Company, and that the shareholders are better off getting their money back. (Even if it means they need to then start the investment procedure over again with their regained capital.) Unfortunatly, investors in general arent the best at educating themselves about the tech stocks they own, as history has shown.

    --
    Anyone who considers arithmetical methods of producing random numbers is, of course, in a state of sin.-John von Neumann
  2. They had revenue?! by eddy · · Score: 5, Funny

    They had $150,000 in revenue?! That's insane. What did they do, rent out part of the office?

    --
    Belief is the currency of delusion.
    1. Re:They had revenue?! by Xenopax · · Score: 4, Funny

      Ironically enough, at my old start-up I think renting out office space was 95% of our revenue. I'm serious.

  3. Best for shareholders by jukal · · Score: 3, Funny

    would be to change the business concept of this company and turn it into an investment company, which invests in new bubbles, and cashes in time.

  4. Re:The scoop by mbourgon · · Score: 4, Funny

    In related news, Microsoft has decided to close its doors, saying that Linux does what it does, for free. The xxx$ billion in the bank will go to its shareholders, who have been dumb enough not to insist on dividends, despite the fact that MS has xxx$ billion in cash.

    We wish.

    --
    "Sometimes a woman is a kind of religion, she can save your soul & set you free from all your sins" - Bad Examples
  5. Falls under the category of... by alienmole · · Score: 3, Funny

    ..."it seemed like a good idea at the time!"

  6. Liquidity by catfood · · Score: 3, Funny

    With all the cash holdings, you don't have to ask why they called themselves "Liquid."