Seeking Alpha
  • Andrew Shapiro
    $NFLX 8-K disclosing $200MM conv bond w/ a $85.80/share strike requiring issue of another $200MM new stock. http://1.usa.gov/uwUGil
    11/21/11
    Reply (7)
    • Liqddynamite: I guess the off-balance sheet credit card is maxed out. Gotta get some capital somehow to bring Arrested Development back from the dead.
      11/21/11
    • Liqddynamite: But sadly for the NFLX bulls, this is no where near enough money to solve any of their problems.
      11/21/11
    • Andrew Shapiro: $NFLX mgmt directed #netflix buy $200MM of stock at >$200/share while selling own shares. Now issuing $400MM <$86/share. Very bad #corpgov
      11/21/11
    • Andrew Shapiro: Here's the #netflix S-3 for $200MM new $nflx shares; http://1.usa.gov/sfqrA8 $MS and $JPM on the cover; $CSFB and $GS perma-bulls missing
      11/21/11
    • mP1: Im surprised someone doesnt sue the board for raping the company for what they are doing. How can any of their actions possibly be ..
      11/21/11
    • mP1: in the interests of stockholders...
      11/21/11
    • Andrew Shapiro: #netflix S-3 for $200MM new $nflx shares http://1.usa.gov/sfqrA8 has again guided 2012 EPS lower to loss for ENTIRE 2012. street had profit
      11/22/11