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Aristides Capital
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Founded in 2008, we are the general partner of two private investment vehicles (closed to new investors) with a total of $83 million in assets under management. We are not an investment adviser; please do not contact us regarding investment advisory services. If you are an institutional investor... More
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  • Luxeyard: Sign Of Internet Bubble 2.0? 5 comments
    Apr 24, 2012 7:57 PM

    Near as I can tell, Luxeyard (OTC:LUXR) has recently acquired a $12 million+ valuation on the basis of (1) having a website, and (2) having some members, and of course (3) hiring a stock promoter. What the company does not have is money; current assets are roughly $300k, and roughly equal to current liabilities, and the company's recent audit included a going concern notice.

    It will be interesting to see whether the recent hot market for equity IPOs is followed by a hot market for more microcap Internet companies with essentially zero revenue, like this one. I sure hope not.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (5)
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  • lydizzy
    , contributor
    Comments (11) | Send Message
    Is that "stock promoter" Tobin Smith's NBT EQUITIES RESEARCH ?
    If it is , he surely put up a glowing brochure, full of LUXR, promising a :
    July target of $3.11 and Q4 target of $23.34+......Oh yes, I read the Disclaimer.
    But these targets are not modest by any means and I hope I am not
    taken for a painful ride !
    30 Apr 2012, 05:07 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
    are you invested in luxr?
    10 May 2012, 04:03 AM Reply Like
  • Aristides Capital
    , contributor
    Comments (529) | Send Message
    Author’s reply » wadeyr, did you read the disclosure above (or for that matter, my comments)?


    but in case some promoter told you "the big boys are trying to push down the price so they can get in" (hint: this does not happen in real life), no, we still have no position in LUXR and it's pretty safe to say we won't have one in the forseeable future.
    10 May 2012, 09:06 AM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
    sorry about that. i brought luxr though
    18 Jun 2012, 11:10 PM Reply Like
  • Aristides Capital
    , contributor
    Comments (529) | Send Message
    Author’s reply » Let's keep it clean here, guys. Any x-rated remarks (especially ones that are confusing), will be deleted. Thanks!
    19 Jun 2012, 09:14 AM Reply Like
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