Is Facebook (FB) Making a Run to Buy Atrinsic (ATRN) Stock?

After voluntarily delisting from the Nasdaq Exchange in November of last year, things appear to be heating up for the full-service, performance-based online marketing solutions provider. Atrinsic Inc (OTC PINK: ATRN) stock price jumped 62.26% in the last trading session closing at the HOD, $0.086, on volume of 4.71 million. On the eve of the biggest IPO the world has ever seen, rumors are swirling on how Facebook (Nasdaq: FB) could use ATRN‘s marketing solutions, or perhaps even buy them outright.

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ATRN Stock Chart:

Market Cap: 619.69K
Shares Outstanding: 7.20M
a/o Oct 08, 2011

ATRN stock had an amazing run after joining the pinksheets. From the beginning of the year to mid-February, the penny stock ran from $0.008 to $0.3599, a gain of more than 4,300%.

Atrinsic pushed hard to get Kazaa going and seem to have finally accepted defeat focusing on what they do best, marketing solutions. Word is that ATRN CEO, Nathaniel Fong, is due to make an announcement in the coming hours/days. What the details of the announcement are could be hard to come by since Atrinsic is no longer a regular filer with the SEC in a cost-cutting effort to get into the black and get their penny stock back near their $6.15 52 week high. ATRN stock was as high as $7.68 just 15 months ago.

Atrinsic made an interesting addition to their management recently with the addition of Craig Campbell as the new Consulting Controller whose past includes being Vice President at Merrill Lynch. (see here) This could have easily been in line with their shift away from SEC filing of any events and a way for FB to get someone inside to properly evaluate the company.

Note: Facebook IPO is going to be epic in all senses of the word. However, one long-term issue Facebook will have is monetizing mobile phone users and the costs involved to correct the issue and be profitable for FB shareholders. Both of these issues could be corrected by either employing or acquiring Atrinsic. Click here to download Atrinsic Interactive’s Media Kit.

Here is the SEC filings for ATRN from September, 2011 which included a valuation of their assets and listings of the recent acquisitions the Company made.

Bottom Line: The penny stock of Atrinsic, ATRN, needs to be on your list of penny stocks to watch. Hell, buy it on specualtion with a FB announcement coming over the weekend or after the market closes. I don’t see FB pissing in their win(d) by having attention shifted away from them. Remember, they bought Instagram for a Billion dollars and it had $0 revenues and 13 employees.

ATRN stock is going to be the hottest of the OTC penny stocks for those who know how to trade on Friday.


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