PreMature Proof that LEAP is Dumping Cricket or the Course is already pegged.

[roberto264]

Oh yea just to let you know every company does the same thing Tmobile even does it so i guest tmobile is going to be brought out

[nTranced]

2 mil out of a 4.4 mil sale. thats like spectrum for 2 cell sites lol

Also that title was very misleading from that site

[nTranced]

Does this seriously look like a company planning to stay aflot? Look at what all the top brass are doing.

Leap Wireless International Inc (LEAP): $ 7,539 of stock sold by Leonard Stephens

SAN DIEGO, CA (MMD Newswire) April 19, 2012 -- Leonard Stephens sold 917 shares of Leap Wireless International Inc stock, or $7,539 worth, as noted in an SEC Filing today. As reported in the filing, the transactions occurred on April 14, 2012.

Leonard Stephens's title was listed as "Sr. Vice President, HR" at Leap Wireless International Inc within the filing.

As noted on April 17, 2012, Leonard Stephens's sale was done directly over 1 transaction on April 14, 2012. The share price for the transaction was $8.22 according to the regulatory filing detailing the trade.

If we look over the past 12 months, Leonard Stephens has sold a total of 4,246 shares of Leap Wireless International Inc, proceeds from the sale totaled $48,034. Over the same time period, Leonard Stephens has purchased no shares of Leap Wireless International Inc stock. Leonard Stephens has also performed other transactions including grants or awards .

Let's take a quick, high-level look at insider trading at Leap Wireless International Inc over the past 12 months. A total of 60,517 shares of Leap Wireless International Inc stock was sold by insiders, totaling $747,790. Over the same time 12 month time period, 8,006,000 shares of Leap Wireless International Inc, for a total value of $59,813,693 were purchased by company insiders.

[AppleMac]

Oh yea just to let you know every company does the same thing Tmobile even does it so i guest tmobile is going to be brought out

First and foremost there is a back button on your browser. If you're going to post rudely try hitting the back button instead. It actually doesn't look like Leap is going to be bought out by anyone. The chairman wouldn't have sold all of his shares off before a buyout because that would cost him millions. Why would leaps chairman dump his entire position in the company if he had faith in its future?

[reddragonprodz]

First and foremost there is a back button on your browser. If you're going to post rudely try hitting the back button instead. It actually doesn't look like Leap is going to be bought out by anyone. The chairman wouldn't have sold all of his shares off before a buyout because that would cost him millions. Why would leaps chairman dump his entire position in the company if he had faith in its future?

Because when they file for Chapter 7 or 11 the value of the stock becomes worthless. Current example Kodak.. They also had a future but with a lack of foresight and execution look what happen to that company. Also, Hostess the people that make Twinkies are also another example.

* You can't hide the inevitable.. It's like been HIV positive and lying to yourself that you don't have it.

[nTranced]

The only things I have seen cricket post are nothing but hype to try to boost stock before wednesday. I seriously am concerned with the current SEC filings and think the people out there buying up the stock they are selling are extremely stupid.

Lets just hope I look like a complete idiot and nothing happens because alot of peoples futures are at stake.

I know the companies buttholes really hurting from this site because they just made employees sign non disclosure agreements the other day. Attempting to curb info will only make it look more like criminal intent towards the top brass if the company fails


http://www.insidertrade.net/insider-...&Search=Search
If you take away the $60 million worth shares MHR purchased because is up for sale now, NO ONE in leap purchased more than the amount the sold within this 12 month period.

Also look at those stock numbers and total amounts of shares owned by the top brass. That sheet alone tells the true story of Crickets stability. They would be buying right now if they had faith in the company lasting because at the current price of $7.84 they should be snapping up that stock while its cheap if this announcement means something awesome, and they arent, Go figure...)

Most of the insiders have reduced their Leap stock owned by 30-50% or more since august. Also remember that MHR trying to dump all of theirs. So yeah bankruptcy or really bad news is happening soon.

[AppleMac]

Because when they file for Chapter 7 or 11 the value of the stock becomes worthless. Current example Kodak.. They also had a future but with a lack of foresight and execution look what happen to that company. Also, Hostess the people that make Twinkies are also another example.

* You can't hide the inevitable.. It's like been HIV positive and lying to yourself that you don't have it.

Yes. Exactly.

[nTranced]

cant wait to see whats in store at market close today....

[reddragonprodz]

After market the leap stock fell $1..

[nTranced]

I sure hope Doug resigns soon. There wont be much of a cricket left at the rate this is going.

If this company doesnt tank then this will the best time in the history of leap to purchase stock.

[J Wireless]

I just had someone come into my store asking me if I want to sell Cricket again. What are they doing trying to start more stores with all of the trouble they have been having?

[reddragonprodz]

I just had someone come into my store asking me if I want to sell Cricket again. What are they doing trying to start more stores with all of the trouble they have been having?

THey are trying to open up more National doors ie. Indirects.. To expand growth.. I would say to this point in junction to HOLD.. The support system is pretty weak at the momment for indirects.

[reddragonprodz]

cant wait to see whats in store at market close today....

Well the stock tanked to $5.86 to the mismal reporting its back up to $6.10.. You're on point..

[nTranced]

THey are trying to open up more National doors ie. Indirects.. To expand growth.. I would say to this point in junction to HOLD.. The support system is pretty weak at the momment for indirects.

I just had someone come into my store asking me if I want to sell Cricket again. What are they doing trying to start more stores with all of the trouble they have been having?

On top of that the contract they make you sign will seal the fate of your business. It has an aggressively enforced non-compete clause. If they dont like your numbers or want to reduce stores you MUST cease operations at once. E.G. out of business. So sell PayGo and avoid full blown cricket. They are a nightmare to deal with and wont cut you any slack.

Well the stock tanked to $5.86 to the mismal reporting its back up to $6.10.. You're on point..

Those numbers sealed the fate of the Corp. Stores so expect them to be closing as the leases expire with indirects assuming some of the leases that they can pass on. I see it just being another box on the shelf of walmart or gas stations if they are in business at the end of the year. This is a sad way for a company to die. This could all be prevented through good leadership.


I think the board should get the balls to ask Doug to step down before this gets worse. I still think its a carefully Premeditated, planned, controlled, and calculated chapter 7 bankruptcy from what I know as its the only way to avoid a ton of government regulation. If T-Mobile pulled this strategy I don't think the government would have given much hassle.

I can bet you though that Doug will walk away a very wealthy man.


Here's my solution to the situation at hand

Force Doug to step down to an advisor role and let Mark Rachesky act as CEO, or make him work for $1 a year with a large quarterly bonus based off of company performance. His guaranteed 1.3 mil a year doesnt give him any motivation to succeed as a CEO.

Run a financial audit to determine how bad in the crapper we really are.

Based on the audit results restructure the debt in a way that is more manageable.

Eliminate the MVNO deals as the pose a serious threat to profit and offer per minute roaming for the time being,

Offer more cost effective smartphone plans and Offer a line of government assistance plans as they are selling like crazy and eating away at leaps profits.

Re-establish the retail corp stores and provide adequate compensation to CSR's and reduce the top heavy management and dictator like culture in upper management. Also they need to allow CSR's to have more flexibility and input on what they can offer to customers like we had in the early days.

Sponsor more local events and help the lower income communities to create a positive image.

I'll think of more as it comes to me

[J Wireless]

On top of that the contract they make you sign will seal the fate of your business. It has an aggressively enforced non-compete clause. If they dont like your numbers or want to reduce stores you MUST cease operations at once. E.G. out of business. So sell PayGo and avoid full blown cricket. They are a nightmare to deal with and wont cut you any slack.

I used to sell Cricket years ago and had problems with them. They would always have problems with peoples bill and not applying money to accounts properly. Being yelled at for something their billing system messed up was a daily part of my job. Then I found out they were telling my customers that I was stealing their money and for them to go confront me about that. That was the last straw for me. I have no interest in signing up to deal with that again.

I just feel bad for all of my friends who still sell Cricket. It seems very few people in the prepaid industry knows how bad things are for some of the dealers. A few years ago, it seems like everyone was making money. I had to compete with 5 stores within a 2 mile radius of my store and there was enough money and business to go around for everyone. Now greed is killing everyone, not just Cricket. One of my customers used to work for Cricket and keeps telling me how many of his friends have been fired for no reason. I hope enough people see post like this and can take action to benefit themselves and their families. It's clear if they don't no one else will.