Freedom
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"SAVE MYSPACE FROM BEING A PAY SITE!!!!"
Female
49 years old
GRANADA HILLS, California
United States
Last Login: 5/5/2006
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View My:
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http://www.myspace.com/freemyspacenow |
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Freedom's Interests
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| General | | | Music | Want to see some naughty corporate behavior from the guys that created the heartbreaking deal to sell MySpace to News. Corp?
Insider Trading and other shananigans: Bad acts by CEO
Richard Rosenblatt, President Brett Brewer, COO Adam
Goldenberg, and VC firm VantagePoint.
Click here to see it all at www.insiderstocksales.com |
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Freedom is in your extended network
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Freedom's Blurbs |
About me:
We Love MySpace and our Goal is to make MySpace Free and Independent.
Only a Free and Independent MySpace can be focused on Myspace user's needs, supporting the community, and making MySpace continue to kick ass!
Unfortunately, MySpace is on the verge of being sold to and absorbed by corporate Media giant News Corp.
If News Corp buys MySpace, we think it will hurt the community and hurt all of Our Spaces!
Therefore, our best hope is to convince shareholders of a company called Intermix that currently own Myspace to Vote Against Selling MySpace to News Corp. and instead Vote for a deal we are proposing to Intermix that will make Myspace Independent!
We only have a few days left to do this and your help is critical!
Its fun and easy to help! Please watch and enjoy the video above and then post the video above on your MySpace page and send it to your friends!
If we get the word out, we can stop the News. Corp take-over of MySpace!
Thanks,
Team FreeMySpace!
To contact us email us at: freemyspacenow@yahoo.com
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Who I'd like to meet:
People who want to save MYSPACE!!!!
Check this press release out:
MAJOR INTERMIX INVESTOR OFFERS STOCKHOLDERS $13.50 PER SHARE FOR INTERMIX SHARES AND ONGOING EQUITY INTEREST IN MYSPACE.COM
- Solicits Proxies against News Corp Deal and and Urges Intermix to Defer Vote on News Corp Proposal
- Launches www.FreeMySpace.com to Rally Support
LOS ANGELES, September 23, 2005 – FreeMySpace LLC, a newly formed investor group led by Intermix’ largest non-insider stockholder Brad Greenspan, today submitted a proposal to the Board of Directors of Intermix Media, Inc. (Amex: MIX) to acquire a significant interest in Intermix at a price of $13.50 per share. Brad Greenspan, as the founder of Freemyspace LLC, will file a proxy statement with the Securities and Exchange Commission to solicit proxies from Intermix stockholders to vote against the News Corporation (NYSE: NWS) acquisition and in support of the new transaction at the upcoming meeting of Intermix stockholders. FreeMySpace LLC also requested that Intermix defer its scheduled stockholder meeting in order to give stockholders the opportunity to fairly evaluate the proposal from FreeMySpace LLC.
Under the terms of the FreeMySpace proposal, Intermix stockholders will:
§ Be able to sell up to one-half (50%) of their Intermix shares, at their option, for $13.50 per share, a significant premium to the proposed News Corp. offer; and
§ Retain equity participation in a publicly traded Intermix, which will increase its ownership to 100% of the fast-growing MySpace.com business. Through the strategic divestiture of non-MySpace assets, Intermix will have the resources necessary to successfully focus on the growth and development of MySpace.com.
§ Support, help grow, and keep independent the largest social network in the world. To hear the opinion of Myspace users, visit www.FreeMySpace.com.
“I believe the transaction FreeMySpace LLC is offering provides shareholders with the best of all worlds: liquidity at a higher price than News Corporation is offering and the opportunity to participate in the exciting future of MySpace.com as a free and independently thriving business, which will not happen if the News Corporation transaction is approved,” stated Mr. Greenspan. “The current transaction with News Corporation significantly undervalues Intermix and MySpace.com, and the Intermix Board of Directors has failed to take the necessary steps to obtain the maximum value for Intermix stockholders, while at the same time unfairly rewarding Insiders as outlined on www.IntermixedUp.com.”
Mr. Greenspan continued, “MySpace.com, the world’s largest social networking forum, continues to enjoy phenomenal growth, and the most recent operating statistics support a much higher valuation than the proposed News Corporation transaction. MySpace.com has grown in value considerably since the proposed News Corp. deal was announced, with significant increases in page views, ads shown, and unique viewers. Nielsen Netratings reports an almost doubling of online display advertising for Myspace.com from 6.3% in May up to 12.9% of all online advertising impressions delivered online in August. MySpace is currently the ..2 property online in terms of monthly page views, and users now spend more time viewing MySpace.com than almost any other web site online.”
Greenspan concluded, “The continued growth prospects of MySpace.com, combined with Intermix’ disclosure yesterday in an SEC filing of previously undisclosed interests of Intermix Management and Board insiders, underscores the inadequacy of both the process and the price in the News Corporation transaction. The fact that Intermix Management rushed to settle their investor lawsuits shows they know stockholders deserve a better deal. The proposal I have submitted delivers a better deal to stockholders, and transforms the business into one which I believe has the potential to achieve values in the coming years approaching that of other publicly traded online companies such as Google, Yahoo and EBay.”
As described in the proposal to the Intermix Board of Directors, FreeMySpace LLC would acquire the shares sold by current Intermix stockholders and become a significant stockholder in Intermix. FreeMySpace LLC would look to complete this transaction within the next 60 days. Intermix would then complete the acquisition of MySpace, Inc. and transform the public company’s business to focus exclusively on Myspace. The Public company will also be renamed and trade as MySpace.
The proposed future strategy for MySpace.com includes the release of new cutting edge applications and services much like those offered by Google and Yahoo. New offerings will include both free and paid services, such as next generation Instant Messaging integrated with VOIP, and a free Web-based email like Hotmail. As the world's largest social networking forum with a loyal following among over 30 million users, MySpace is in a prime position to successfully launch these products to its large and established user base.
FreeMySpace has advised the Intermix Board of Directors that representatives of FreeMySpace are available to discuss the acquisition proposal at the convenience of the Board.
Additional details regarding the acquisition proposal, conditions and financing of the proposed transaction will be set forth in a Schedule 13D to be filed today by Mr. Greenspan with the Securities and Exchange Commission. Intermix security holders are advised to read that proxy statement when it becomes available, because it will contain important information. The proxy statement, along with any other relevant documents, will be available for free at www.sec.gov. You may also obtain a free copy of the proxy statement, when it becomes available, by contacting Sebastian Hill of Kelley Drye & Warren LLP at (703) 918-2400 or by sending an email to jschifferli@kelleydrye.com.
For more information, visit www.freemyspace.com and www.intermixedup.com or contact intermixedup@yahoo.com.
About FreeMySpace LLC
FreeMySpace LLC is a newly formed investor group led by Brad Greenspan, the largest non-insider stockholder of Intermix holding more than 4.2 million shares of Intermix stock or approximately 10% of Intermix. Brad was the sole founder of the group of Internet assets now called Intermix, and served as Chairman and CEO of the company until October 2003 when he left the company after trying to prevent the sale of dilutive preferred stock to VantagePoint. Under Brad’s leadership and direction, the company created all of its significant Web properties including MySpace, Flowgo, and Skilljam.
Media Contact:
J.J. Rissi
212-445-8224
jjrissi@webershandwick.com
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