Oh man, I was so excited that I'd be able to do a follow-up post to my original story on GSBC and their weird and wild rollup strategy to the digital signage market that I missed the boat and Dave Haynes beat me to it. Here's a quick recap of what has come to pass:
Back in February of '07 a heretofore unknown satellite company based out of Thailand and operating (to some extent) in Asia decided that they were going to start the be-all and end-all of digital signage companies. They acquired a few of the smaller players in the Asia-Pacific market (namely Wallflower Digital and M-Cast), and then announced that they'd be going public on a US stock exchange, and would attain revenues in excess of $43 Billion by 2012 by using their "patented" technology to run out, aggregate and control all of the big digital signage networks in operation today.
Needless to say, none of that has yet come to pass. Later in the year the company did a reverse triangular merger with a tiny, publicly-traded company whose prior business was taking risqué photos of lady bodybuilders (and I use the term "lady" loosely here). A quick but unimpressive way to get onto a US exchange, the company hasn't done much since then, and has even cut back on the grandstanding.
While Haynes and I can sit around and speculate about the probability of success or even the legality of their operation (there have been some questions), aka has taken the high road and done some actual research into the company's current state of affairs. Needless to say, they don't look too pretty.
My guess? GSBC will die a quiet death before the end of 2008, with maybe a handful of significant investors ticked off enough to pursue options of the legal variety.
Tags: GSBC, digital signage
Disclaimer: the above article is an opinion, and should be used for entertainment purposes only. Bill is not a financial professional and is not qualified to give financial or legal advice.
Back in February of '07 a heretofore unknown satellite company based out of Thailand and operating (to some extent) in Asia decided that they were going to start the be-all and end-all of digital signage companies. They acquired a few of the smaller players in the Asia-Pacific market (namely Wallflower Digital and M-Cast), and then announced that they'd be going public on a US stock exchange, and would attain revenues in excess of $43 Billion by 2012 by using their "patented" technology to run out, aggregate and control all of the big digital signage networks in operation today.
Needless to say, none of that has yet come to pass. Later in the year the company did a reverse triangular merger with a tiny, publicly-traded company whose prior business was taking risqué photos of lady bodybuilders (and I use the term "lady" loosely here). A quick but unimpressive way to get onto a US exchange, the company hasn't done much since then, and has even cut back on the grandstanding.
While Haynes and I can sit around and speculate about the probability of success or even the legality of their operation (there have been some questions), aka has taken the high road and done some actual research into the company's current state of affairs. Needless to say, they don't look too pretty.
My guess? GSBC will die a quiet death before the end of 2008, with maybe a handful of significant investors ticked off enough to pursue options of the legal variety.
Tags: GSBC, digital signage
Disclaimer: the above article is an opinion, and should be used for entertainment purposes only. Bill is not a financial professional and is not qualified to give financial or legal advice.
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2 comments:
Congrats on your bet..the gsbc website is now down..due to expiration. LOL.
www.gsbc.net
edit: www.gsbc.tv
Sorry...
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