Local.com aussichtsreich

Technology, Research and Development (Source: 10-K)

We make our services available to advertisers and consumers through a combination of our own proprietary technology and commercially available technology from industry leading providers. We believe that it is important that our technologies be compatible with the systems used by our partners. In addition to our own proprietary technology platforms, we rely upon third parties to provide hosting services, including hardware support and service and network coordination.

Our research and development efforts are focused on developing new services and enhancing our existing services to provide additional features and functionality that we believe will appeal to our advertisers and consumers. Our research and development efforts also include the development and implementation of business continuity and disaster recovery systems, improvement of data retention, backup and recovery processes. As of December 31, 2014, we had 22 employees in product and technical development. Our research and development expenses were $5.7 million and $6.6 million for the years ended December 31, 2014 and 2013, respectively.

+ 56 Million share = $1.50/share

We have five new owner from Wolverine-Group and every owner has convertible bonds, which can changed in 6.39 million shares = together 32 million shares and additional 0.6 million shares from the change of the convertible bonds of the management = 32.6 million new share. Together with the existing 23.4 million shares would exist now 56 Million shares, if the convertible bonds would be changed in shares.

I am not happy about this solution and criminal robbery of the shareholders and I believe, that there had exist better alternatives and the chosen alternative was a criminal robbery of the shareholders through the management. But on the other side is this solutions not a reason for the idiotic low market-cap of only 9 million yesterday. And positive is, that by change of the loan for shares the debt were reduced and Local Corp get additional working-capital of 3 million.

Financial guidance for 2015 remains consistent with that provided on Jan. 12, 2015. Revenue is expected to be in the range of $82 million to $86 million. Adjusted EBITDA is expected to be in the range of $3 million to $4 Million Less
The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?

The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?

I am sure, higher the 10 Million of today

Stanguru compensated a part of the dilution through strong buys in the last days and owning mow 132,000 shares = 0,24% of the outstanding 56 million after a conversion of the convertible bonds.

das Management in Zusammenarbeit mit der Wolverine-Gruppe hatte ich im letzten Posting statt von 1,50 pro Akite über 3 Euro pro Aktie geredet.

Aber bei Ausübung der Convertible Bonds ist Wolverine ja jetzt der Mehrheitsaktionär und ich hoffe daher, dass sie an einer ordentlichen Kursentwicklung interessiert sind, denn mehr als zwei bis drei Jahre halten Finanzinvestoren von diesem Schlag ihre Beteiligungen meist nicht. Nachdem Wolverine bei der leltzten Finanzierungsaktion das Recht schon sehr gedehnt hat,sodass die SEC eigentlich hätte eingreifen müssen und das vielleicht auch noch tut, werden sie vermutlich in Zukunft vorsichtiger agieren und etwas mehr mit uns teilen.

• IBM says to invest $3 billion in 'Internet of Things' unit

Tue, Mar 31, 2015, 2:13 AM EDT - U.S. Markets open in 7 hrs 17 mins
1 hour ago

(Reuters) - International Business Machines Corp said on Tuesday it will invest $3 billion over the next four years in a new 'Internet of Things' unit, aiming to sell its expertise in gathering and making sense of the surge in real-time data.

The Armonk, New York-based technology company said its services will be based remotely in the cloud, and offer companies ways to make use of the new and multiplying sources of data such as building sensors, smartphones and home appliances to enhance their own products.

For its first major partnership, IBM said a unit of the Weather Co will move its weather data services onto IBM's cloud, so that customers can use the data in tandem with IBM's analytics tools.

finance.yahoo.com/news/ibm-says-invest-3-billion-042826948.html

nQuery by Local powering search across the internet of everything: The company is implementing its nQuery solution with a top five global carrier. nQuery is already deployed with a major U.S. mobile carrier, 18 international and prepaid MVNOs and 10,000 U.S. Hotels.

I was not happy about the extreme expensive, dilutive and criminal financing-agreement with Wolverine , but positive could be, that a very successfull hedge-funds is now looking at the Management
.

But this will only be positive, if Wolverine and the Management will stop the robbery, which had stannguru posted in all details to the SEC and Finra, of the other shareholders.

And I hope, that the SEC and Finra will take a look, what had happened and will stop a new robbery of the existing shareholders through the management and/or Wolverine.

krillion.com/

nQuery by Local = White labeld hosted search: Drive subscriber and search volume in portal & default search

Growing mobile searach demand
- 20 Million unique visitors per month

Market expansion
- 18 countries (LATAM + US)
- EMEA & APAC expected by 2H 2015

Platform expansion
- Enhaicing paid content
- Enter into Default search via browser - expected 2H2015

Source: Company Overview - Q1/2015

First positive effect from Wolverine for example the sale of the 14 patents until the end of 2015 and maybe an additional agreememt that Local Corp can use some of the sold patents for free makes sense, because bigger companiies than Local Corp can monetize teh patents a lot better -


if the patents were sold for fair prices.

patents.justia.com/patent/8972371

Das 10-K-Filing findet Ihr, wenn Ihr auf die nachstehende Adresse geht und dort das momentan oberste Filing (10-K vom 27.3.2015) wählt:

ir.local.com/phoenix.zhtml?c=181515&p=irol-sec

• Traffic Quality achieved 100% nTegrity™ coverage of the Network syndication traffic effective Jan. 1, 2015


To date, the nTegrity platform has already delivered a substantial increase in traffic quality scores from advertising partners.
Source: Report about Q4/14

"We believe the traffic quality control steps being implemented currently should yield stronger margins for the company."
Source: Wainwright

Network Traffic Quality Improvements: During the third quarter, the company developed a traffic quality solution, nTegrity, which it believes will better protect advertisers from fraudulent traffic types such as programmable headless browsers, BotNets and JavaScript manipulation. Launched in the fourth quarter, nTegrity will be used to detect, analyze and decide whether or not to show ads from the company’s ad partners on a real time, impression-by-impression basis, using an array of proprietary and third-party tools

"Traffic quality continues to be a top priority for us to ensure that we’re providing the best outcome for our advertisers,” said Local Corporation chairman and CEO, Fred Thiel. “Over the past several months, we have been focused on actively managing and optimizing our traffic sources and recently released our own advanced traffic quality solution, nTegrity™. While getting the solution in market took longer than anticipated, nTegrity ensures that we are delivering a higher quality audience to our advertisers, which we believe will increase their conversion rates and result in
To date, the nTegrity platform has already delivered a substantial increase in traffic quality scores from advertising partners.
Source: Report about Q4/14

muss ich eventuell mein bisher überwiegend negatives Urteil über den potentiell neuen Hauptaktionär Wolverine, den CFO (über den nur teilweise) und das Management etwas korrigieren, denn da gibt es anscheinend noch einen böseren Buben: dlen bisherigen Kreditgeber Square-Bank, die sich offentsichlich für Peanuts die wertvollen Patente unter den Nagel reißen wollte:



It could be, that I must correct parts of my negative postings about Wolverine, the CFO Cragun and the management of Local Corp and post more negative about the Square Bank-robbers

For example I had found this – and therefore Local Corp could not sell this and other patents:

US Patent No: 7,062,453
Methods and systems for a dynamic networked commerce architecture
• In Force
• status

#25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLIN

Rolle der Square-Bank spricht auch, dass der Kredit schon sehr viel länger als das nachstehende Datum besteht:

25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLINA

84 Million revenue in 2015 + 1-times-revenues + 56 Million share = $1.50/share
.

We have five new owner from Wolverine-Group and every owner has convertible bonds, which can changed in 6.39 million shares = together 32 million shares and additional 0.6 million shares from the change of the convertible bonds of the management = 32.6 million new share. Together with the existing 23.4 million shares would exist now 56 Million shares, if the convertible bonds would be changed in shares.

I am not happy about this solution. but maybe there was no alternative, because the Square-
Bank pressed Local Corp and wanted to steal the high valuable patent-portfolio. But on the other side is this solutions not a reason for the idiotic low market-cap of only 9 million yesterday. And positive is, that by change of the loan for shares the debt were reduced and Local Corp get additional working-capital of 3 million.

The last annoucement about regvenues and EBITDA's was: " Financial guidance for 2015 remains consistent with that provided on Jan. 12, 2015. Revenue is expected to be in the range of $82 million to $86 million. Adjusted EBITDA is expected to be in the range of $3 million to $4 million."

The question of the future must be: What is the value of a company with revenues of 82 - 86 million and a EBITDA of 3 -4 million in 2015?

I am sure, higher the 9 million of today

Stanguru compensated a part of the dilution through strong buys in the last days and owning now 132,000 shares = 0.24% of the outstanding 56 million after a conversion of the convertible bonds.

als es der Kurs widerspiegelt:

finance.yahoo.com/q/is?s=locm

First positive effect from Wolverine for example the sale of the 14 patents until the end of 2015 and maybe an additional agreememt that Local Corp can use some of the sold patents for free makes sense, because bigger companiies than Local Corp can monetize the patents a lot better, if the patents were sold for fair prices.

- Focused on driving profitable growth and asset value

- Owner of large scale premium commercial intent audience

- Moving into rapidly growing programmatic market

- Building large captive mobile phone user base

LOCM Company Overview | March 2015

Gross Profit increased from Q3/14 to Q4/14 again
.

Period Ending
Dec 31, 2014

Sep 30, 2014

Jun 30, 2014

Mar 31, 2014

Total Revenue 16,285 18,141 22,514 26,180
Cost of Revenue 12,035 14,628 16,512 20,405


Gross Profit 4,250 3,513 6,002 5,775 Less

It could be, that I must correct most of my negative postings about Wolverine and parts of the management of Local Corp (especially CEO Thiel, who entered after the follwoing date) and post more negative about the Square Bank-robbers

For example I had found this – and mayxbe therefore Local Corp could not sell this and other patents:

US Patent No: 7,062,453
Methods and systems for a dynamic networked commerce architecture
• In Force
• status

#25. Apr. 2013 AS Assignment Owner name: SQUARE 1 BANK, NORTH CAROLIN Less

For this assumption of pressing Square-Bank-Robbers speaks, that the credit existed long before this additional secuurity were part of the agreements. Another increase of securities was, that Local Corp must have double acounts of the amount of the credit - idiotic by about two thiirds debts of Google and Yahoo.

gegenüber der Square-Bank scheint berechtigt gewesen zu sein. Es wird immer deutlicher, dass die versucht haben, Local Corp an die Wand zu drücken, um so an die Assets zu kommen.

Leider hat meines Erachtens der langjährige CFO Cragun, der vorher auch schon stellvertretender CFO war, gepennt, und zu wenig Liquiditätsvorsorge getroffen, auch wenn man ihm zubilligen muss, dass die Local Corp beeinträchtigenden Wendungen von Google sehr extrem ausfielen - aber ein Trennen von zumindest einigen Patenten muss m.E. kurzfristig möglich sein, wenn auch nur mit Discounts. Aber das wäre immer noch besser gewesen, als die dann notwendige Lösung mit stark verwässernden Wandelschuldverschreibungen.

Aus dem vorstehenden Posting könnt Ihr ja erseehen, dass die Square-Bank die Daumenschrauben enorm angedreht hat. Man ließ sich z.B, alle Patente verpfänden, was Local Corp seltsamerweise mitmachte - übrigens zu einem Zeitpunkt, wo man mit der Ausgabe von 8 Millionen Aktien die Schulden hätte tilgen können, jetzt sind über 30 Millonen nötig, wenn man über die Wandelschuldverschreibung alle Schulden los wird. Idiotisch war auch, dass man zuletzt das Doppelte der Kreditsumme an Kundenforderungen abtreten müsste, die zu 2/3 gegenüber den bombensichern Google und Yahoo bestanden - nach deutschen Recht war eine solche Übersicherung übrigens sittenwidrig und damit ungültig. Das führte dann dazu, dass bei einem Abbau der Kundenforderungen enorme Cash in die Kreditrückführung fließen musste. Und im März glaubte man wohl bei der Square Bank an den gelungenen Abschuss, weil man gleichzeitig mit dem Fällig-Werden der Wandelschuldverschreibung über 5 Millionen den Kontokorrentkredit nicht verlängerte.

Dass jetzt ein "weißer" Ritter, der in die Bresche springt, wie das Wolverine und die Kontokorrentkreditbank taten, sich das ordentlich bezahlen lassen, ist klar - und sehe ich jetzt die Rolle von Wolverine sehr viel gediegener als in meiner ersten Empörung über die hohe Verwässerung und die hohen Kreditzinsen. Aber ich bleibe dabei, dass ohne das Pennen des CFO vieles davon überflüssig gewesen wäre.