 |
|
| FriendFeed is the easiest way to share online. Learn more » |
Empoprise-NTN
A group within ffempogroups (BI, IE, MU, NTN, NUI) dedicated to NTN Buzztime - the company, and its trivia games and services.
I guess it takes a threatened corporate takeover to get me to post here - http://empoprise-ntn.blogspot.com/2009...
@mustangmike_50 That is awesome!!! Can we post that to our Facebook page?? http://www.flickr.com/photos... RT @mustangmike_50
Will Generations X and Y Buy? - San Diego Reader - http://news.google.com/news...
John E. Bredehoft liked this
"Carlsbad’s NTN Buzztime provides interactive electronic entertainment in restaurants and sports bars — trivia quiz shows, play-along sports programs, casino-style games, and the like. It has almost 4000 subscribers. But NTN has been a loser for years. It has a cumulative deficit of $105.4 million and lost $6.5 million last year and $5 million in 2007. First quarter revenues plunged 14 percent. “We may not be able to achieve or maintain profitability,” says the company. One reason: topside turmoil. There have been “significant changes in executive leadership,” says the company in a filing with the Securities and Exchange Commission. One chief executive resigned in May of last year, and the interim chief resigned in November. “Changes in senior management are inherently disruptive.” That’s one reason that a Cayman Islands–based hedge fund, Trinad Capital, which owns almost 15 percent of the stock, says it has evidence of mismanagement, fraud, breach of fiduciary duty, and waste of...
more...
- John E. Bredehoft
Other ways to read this feed: