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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Vertro, (MM) | NASDAQ:VTRO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.30 | 0 | 01:00:00 |
1.
|
NAME OF REPORTING PERSON
|
|
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
3.
|
SEC USE ONLY
|
4.
|
SOURCE OF FUNDS
|
5.
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7. |
SOLE VOTING POWER
0 |
8. |
SHARED VOTING POWER
514,355
|
|
9. |
SOLE DISPOSITIVE POWER
0
|
|
10. |
SHARED DISPOSITIVE POWER
514,355 |
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14.
|
TYPE OF REPORTING PERSON
|
1.
|
NAME OF REPORTING PERSON
|
|
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
3.
|
SEC USE ONLY
|
4.
|
SOURCE OF FUNDS
|
5.
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7. |
SOLE VOTING POWER
0 |
8. |
SHARED VOTING POWER
514,355
|
|
9. |
SOLE DISPOSITIVE POWER
0
|
|
10. |
SHARED DISPOSITIVE POWER
514,355 |
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14.
|
TYPE OF REPORTING PERSON
|
1.
|
NAME OF REPORTING PERSON
|
|
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
|
2.
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
3.
|
SEC USE ONLY
|
4.
|
SOURCE OF FUNDS
|
5.
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
6.
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH |
7. |
SOLE VOTING POWER
0 |
8. |
SHARED VOTING POWER
514,355
|
|
9. |
SOLE DISPOSITIVE POWER
0
|
|
10. |
SHARED DISPOSITIVE POWER
514,355 |
11.
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
12.
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
13.
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14.
|
TYPE OF REPORTING PERSON
|
(a)
|
The Reporting Persons beneficially own the 514,355 shares of Common Stock held by the Fund representing 7.2% of all of the outstanding shares of Common Stock.
|
(b)
|
The Fund, FML and Mr. Fuchs have shared power to vote or direct the vote of the 514,355 shares of Common Stock held by the Fund.
|
(c)
|
The transactions effected by the Reporting Persons since the date of the most recent filing of Schedule 13D are set forth below. Other than the foregoing, no transactions in the Common Stock have been effected by the Reporting Persons since the date of the most recent filing of Schedule 13D.
|
Date
|
Security
|
Amount of Shs.
Bought (Sold) |
Approx. Price
per Share (excl. of Commissions) |
|||
9/22/11
|
Common
|
25,000 | $ 1.78 | |||
10/13/11
|
Common
|
86,800 | $ 1.5997 |
(d)
|
Not applicable.
|
(e)
|
Not applicable.
|
Fertilemind Capital Fund I, L.P.
Fertilemind Management, LLC
Aram Fuchs
|
|||||
By: |
/s/ Aram Fuchs
|
||||
Aram Fuchs, for himself and as managing member of Fertilemind Management, LLC (for itself and as managing general partner of Fertilemind Capital Fund I, L.P.)
|
Gross Profit June Quarter $7.07M
|
||||||
Quarter
|
30% Attrition
|
25% Attrition
|
20% Attrition
|
|||
1 | $ 7.07M | $ 7.07M | $ 7.07M | |||
2 | $ 4.95M | $ 5.30M | $ 5.66M | |||
3 | $ 3.46M | $ 3.98M | $ 4.52M | |||
4 | $ 2.43M | $ 2.98M | $ 3.62M | |||
5 | $ 1.70M | $ 2.24M | $ 2.90M | |||
6 | $ 1.19M | $ 1.68M | $ 2.32M | |||
7 | $ 0.83M | $ 1.26M | $ 1.85M | |||
8 | $ 0.58M | $ 0.94M | $ 1.48M | |||
Total
|
$ 22.21M | $ 25.45M | $ 29.42M | |||
Excess Cash
|
$ 2.00M | $ 2.00M | $ 2.00M | |||
Liquidation value
|
$ 24.21M | $ 27.45M | $ 31.42M | |||
Shares outstanding
|
7.155M | 7.155M | 7.155M | |||
Price per share
|
$ 3.38 | $ 3.84 | $ 4.39 |
1.
|
Vertro reported the churn rate on its legacy toolbar base in its investor presentations throughout 2010.
|
2.
|
In Q3 2010 Dave Binder, CFO of Infospace at the time, told investors on the conference call that, “
we’re seeing Make The Web Better [the toolbar company that they acquired] decline by about
30% quarter-over-quarter. And they generated a little over 5 million of revenue in the third quarter. So we expect it to continue in the fourth and throughout 2011, but at a declining rate. You know, we should note that when we purchased the asset we knew that it would be declining.... The acquisition was very accretive to us.”
|
1 Year Vertro, (MM) Chart |
1 Month Vertro, (MM) Chart |
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