Motricity, Inc. (MM) (MOTR) Quote

Did Nathan Fong take over? I remember checking a while back and was just wondering, because ATRN (now ATRNQ) went dark and then everything fell apart under his leadership. Is this what happened here or am I wrong? I haven't checked this board in about a year so please bare with me if I'm asking questions that the regular followers have ready covered.

NEW YORK, April 9, 2013 (GLOBE NEWSWIRE) -- Voltari Corporation ("Voltari") and Motricity, Inc. (MOTR) (Nasdaq:MOTR), today announced the consummation of a Reorganization intended to protect the long-term value of Motricity's substantial net operating loss carryforwards.
http://media.primezone.com/cache/12891/int/8591.jpg



http://media.primezone.com/cache/12891/int/18220.jpg



Upon completion of the Reorganization, Motricity became a wholly owned subsidiary of Voltari, which replaces Motricity as a publicly held corporation. It is anticipated that, as of April 10, 2013, shares of Voltari Common Stock will commence trading on the NASDAQ Capital Market under the symbol "VLTC."

Pursuant to an Agreement and Plan of Reorganization by and between Motricity, Voltari and Voltari Merger Sub, Inc., adopted by Motricity stockholders at a special meeting held on April 9, 2013, Motricity became a wholly owned subsidiary of Voltari, each outstanding share of common stock of Motricity was converted into the right to receive one share of common stock of Voltari ("Voltari Common Stock"), each outstanding share of preferred stock of Motricity became the right to receive one share of preferred stock of Voltari, each outstanding warrant to purchase shares of Motricity Common Stock became the right to receive a warrant to purchase an equivalent number of shares of Voltari Common Stock, and each option to purchase shares of Motricity Common Stock was assumed by Voltari and became exercisable for an equivalent number of shares of Voltari Common Stock. Each share of Voltari Common Stock is subject to certain transfer restrictions (that were not applicable to Motricity Common Stock) prohibiting transfers having the effect of increasing the ownership of Voltari Common Stock by (i) any person from less than 5% to 5% or more or (ii) any person owning or deemed to own 5% of more of Voltari's Common Stock.

The directors and executive officers of Voltari immediately following the Reorganization are the same individuals who were directors and executive officers of Motricity immediately prior to the Reorganization.

Upon completion of the Reorganization, Voltari Common Stock was deemed to be registered under Section 12(b) of the Securities Exchange Act of 1934, as amended, pursuant to Rule 12g-3(a) promulgated thereunder. For purposes of Rule 12g-3(a), Voltari is the successor issuer to Motricity.

About Voltari

Voltari empowers mobile operators, brands and advertising agencies to maximize the reach and economic potential of the mobile ecosystem through the delivery of relevance-driven merchandising, marketing and advertising solutions. Voltari leverages advanced predictive analytics capabilities to deliver the right content, to the right person at the right time. Voltari provides their entire suite of mobile data service solutions through one, integrated, highly scalable managed service platform. Voltari's unique combination of technology, expertise and go-to-market approach delivers return-on-investment for our mobile operator, brand and advertising agency customers. For more information, visit www.voltari.com or follow @voltari on Twitter.

Safe Harbor and Forward-Looking Statements

Statements made in this report and related statements that express Voltari's or its management's intentions, indications, beliefs, expectations, guidance, estimates, forecasts or predictions of the future constitute forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, and relate to matters that are not historical facts. They include, without limitation, statements related to whether and when the Voltari Common Stock will trade on NASDAQ. These statements represent beliefs and expectations only as of the date they were made. The Company may elect to update forward-looking statements but expressly disclaims any obligation to do so, even if its beliefs and expectations change. Actual results may differ from those expressed or implied in the forward-looking statements.

Such forward-looking statements involve and are subject to certain risks and uncertainties that may cause our actual results to differ materially from those discussed in a forward-looking statement. These include, but are not limited to the uncertainties described more fully in the Company's filings with the SEC.

CONTACT: Investor and Media Contact:
Alex Wellins
The Blueshirt Group
(415) 217-5861
alex@blueshirtgroup.com


http://media.globenewswire.com/cache/12891/small/8591.jpg
Source: Motricity, Inc. 2013 GlobeNewswire, Inc.

Share this press release
Short URL:
0
inShare

NO BK here.....

I have a bid .35...... Fill it....

BULL

When do they plan on filing for bankruptcy ?

Picked up 50k today... .36

BULL

The date for the RS is set for when?

I agree. A bounce could happen at anytime. This will come back.

8k

As part of the Company's plan to regain compliance with the Annual Meeting Requirement and Minimum Bid Requirement, the Company filed with the SEC a preliminary proxy statement/prospectus on Form S-4 (Registration Number 333-185510) on December 17, 2012 (the "Proxy Statement"). The Company's 2012 annual meeting of stockholders is currently set for January 29, 2013 or as soon as practicable thereafter, pending clearance by the SEC of the Proxy Statement, and the record date for determining the stockholders entitled to receive notice of and to vote at the annual meeting is December 31, 2012. Included in the Proxy Statement, is, among other proposals, a proposal (the "Proposal") seeking stockholder approval of its Restated Certificate of Incorporation to effect a reverse stock split such that each ten shares of common stock issued and outstanding prior to the reverse stock split will be exchanged for one share of common stock after the reverse stock split. If the Proposal is approved by the stockholders, it will be implemented by the Company's board of directors if it determines that a reverse stock split is appropriate to regain compliance with the Minimum Bid Requirement. In addition, the Company anticipates that holding its annual meeting will enable the Company to regain compliance with the Annual Meeting Requirement. There can be no assurance that the Proposal will be approved by stockholders, that the Proposal, if approved, would be sufficient to permit the Company to regain compliance with the Minimum Bid Requirement, or that holding its annual meeting would be sufficient to permit the Company to regain compliance with the Annual Meeting Requirement.

I'm going to start adding to my position again. I believe MOTR to be a solid play moving forward.

I know we have a R/S on the horizon. I'll save some cash for that too. The stock will get much play after the R/S.

BULL

Just saw the 10-K. No news about it or anything. It seems to be ok. Only reason for the loss is the depreciation and such. So they are cash flow positive. No volume from the filing at all.

So now that the 10-k is out rhey can hold their special meeting and ER?

Not sure. I got out until earnings passes by.

RS authorized....When?....Still happenin'?

Status of RS?...

I'd say so

Can i say boooooom yet?

Some big block buys today good sign it seems.

Someone probably just dumped. Lots were scooped up after that. I will be picking up a bundle tomorrow!

*bollinger bands. Autocorrect fail!

Looks like the billing we bands exploded in the wrong directions for longs. We'll have to see where this goes.

Very good article and I hope the author's analysis is correct!

Here is a good reading on what to expect in 2013
http://seekingalpha.com/article/1023941-why-motricity-should-be-trading-at-3?source=yahoo
Go long....

I added today..... .40 41

BULL

So many superbowl ads on my phone! They have to be making money now!

Added more at these lower bollinger band levels.

Its been 9 months since MOTR started trading below 1$ when they reported bad earnings in May. Since then,their quarter on quarter earnings have improved and posted a profit in the 3rd quarter. LT Debt/Equity ratio of 0 (which is very good).Book value/sh .81,cash/sh .41. Technical charts indicate a buy at these levels.
Right now,they are in their grace period to bring the stock back above the 1$ mark set by Nasdaq. We should hear about the reverse split anytime soon. Its the lull before the storm..imho.

What about the RS?....Still active?

I can only hope so!

You are right , once it crosses .50 , the shorts will start to cover . Expect a massive short squeeze. Solid support here ,nowhere else to go but up . Accumulate at the low .40s and go long. IMHO.

Once major volume comes in and we bust through .51 we are likely to see a massive spike.

MOTR Financials turns positive in last quarter for first time...
http://finance.yahoo.com/q/is?s=motr

Because most people lost their shirts ( and undies) on this POS, I remember when Fox TV Bulls and Bears called this a $40 stock then went to .06

There is a reversal brewing here. Why is there not more talk on this board??

thin to $.46

Of course it is.

Saw it. 10 for 1 reverse. Most likely done to maintain NASDAQ listing requirement

Recent filing @ OTCMarkets....Worth a quick read

What are the details of the RS?

That's huge actually...Board could dismiss the RS still

Not sure if this is the time to take a flier on this. Like the fact that Icahn still has his shares

Time to grab some $MOTR.

Was trading in .30's in pre-market this morning.

Lost ATT. Exiting NASDAQ and entering OTC soon.

Looks like CEO is either not motivated or is unable to file
for extension.

My guess is MOTR will open around .20 cents in OTC.

My position now is 300k avg. .50

Waiting to get closer .40 to add.

BULL

Took 30k more this AM

.39 40

BULL

Might want to keep a close watch on this, it's down 39% p/m and dropping imo.

Good job !!! That .36¢ should hold up.$$$ Merry Christmas !!! BIG MONEY COMING $$$

Bought all afternoon Friday.... .39,.40,.42

BULL

BAIL !!! SHIP TAKEN ON WATER!!!

R/S!!!