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  1.    #1  
    Hi all,

    FYI...see links...for both articles...the second one clearly states what a very bad position Netflix finds itself in....The stock has been pounded from $304.79 a share just a few months ago, to Netflix having to settle for $70 a share as it tries to raise funds...worse still is they had to settle for a Zero Coupon deal that will require Netflix to have to pay out $85.80 a share in six years...the worst part about it is the fact they could only get $70 a share even though the stock was trading for just over $78. a share, ($78.06 to be exact), the they way Netflix is going...they very likely won't be around in 6 years!!

    Netflix has lost about two-thirds of its market value since the company's shares touched a high of almost $300 in July.

    Take care,

    Jay

    Netflix Stock Plunges, After Rental Giant Sells $400M in Stock, Debt

    By Brent Lang | The Wrap 34 minutes ago

    Netflix Stock Plunges, After Rental Giant Sells $400M in Stock, Debt - Yahoo! Movies

    Netflix moved to give itself a capital infusion on Monday, selling $400 million in stock and convertible bonds, the Los Gatos, Calif. company announced.

    Article Two:
    November 21, 2011
    Netflix Raises $400 Million in Shares, Debt
    By REUTERS
    By Himank Sharma and Alistair Barr

    http://www.nytimes.com/reuters/2011/...gewanted=print

    (Reuters) - Video rental company Netflix Inc said late on Monday that it raised $400 million in fresh capital by selling convertible debt to long-time backer Technology Crossover Ventures and stock to funds managed by T. Rowe Price.

    Netflix has lost about two-thirds of its market value since the company's shares touched a high of almost $300 in July.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2. #2  
    When did HP buy Netflix?

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