SANJAY SABNANI, CEO of CrowdGather, bought 166,500 shares of CrowdGather (Stock Symbol:CRWG) at $0.06 to $0.07 per share for a total amount of $11 thousand between December 20th to December 26th 2013.
CrowdGather is located in Woodland Hills, California.
On October 15th 2013, CrowdGather, Inc. (CRWG), one of the leading networks of forum communities on the Internet, announced that it has received the final $400,000 of its $1 million Series B Convertible Preferred financing, originally dated April 8, 2013. The Company had already closed on $600,000, with $300,000 sold on April 8, 2013 and $150,000 each sold on July 16, 2013 and August 2, 2013, respectively. Additionally, on October 11, 2013, the Company successfully settled pending litigation.
On July 24th 2013, CrowdGather announced its latest annual results. For the fiscal year ended April 30, 2013, the Company reported revenues of $1,933,298, compared to revenues of $1,932,798 reported for fiscal 2012. Net cash burn was reduced by 50% and CrowdGather also received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) for a patent application for systems and methods of targeted advertising.
According to Capital IQ, CrowdGather has a market cap of $3.74 million, an enterprise value of $3.98 million, and trailing 12 month revenues of $1.9 Million.
CrowdGather, Inc. (CrowdGather) is an Internet company. The Company specializes in monetizing a network of online forums and message boards designed to engage, provide information to and build community around users. The Company’s network consists of two components: branded forum communities and third-party hosted communities that are built on one of the Company’s forum hosting platforms. In May 2011, the Company acquired the Erox.com domain name and Erox trademark. The branded communities, such as pbnation.com and rapmusic.com, among others, are wholly owned by the Company and the Company monetizes them through a combination of text and displays ads. The third-party hosted communities, which consist of the majority of the Company’s revenues, traffic, and page views, are sites built upon its forum hosting platforms: Yuku.com, Freeforums.org, forumer.com and Lefora.com. On September 7, 2011, the Company acquired the domain name, Website, and assets related to www.yuku.com.
Sanjay Sabnanai’s most recent annual compensation from CrowdGather is a salary of $240,000. Mr. Sabnanai is 42 years old.
According to the biography, Mr. Sanjay Sabnani serves as Chairman of the Board, President, Chief Executive Officer, Secretary of CrowdGather Inc., since April 2, 2008 and became one of the company directors shortly thereafter. Mr. Sabnani founded General Mayhem, LLC in May 2004. While building General Mayhem, LLC’s operations and network communities Mr. Sabnani has served senior executive roles in several public companies including: executive vice president, strategic development at Hythiam, Inc. (now Catasys Inc.; NASDAQ:CATS) from April 2004 to December 2007; and president and director at Venture Catalyst, Inc. (NASDAQ:VCAT), from July 1999 to November 2000. In addition, Mr. Sabnani has served as chairman of the board of two distinguished non-profits: Artwallah (arts festival); and TiE SoCal (venture capital networking).Mr. Sabnani was also the founder of a California charity, EndDependence (scholarships for addiction treatment). Mr. Sabnani received his BA in English Literature from UCLA in 1999.
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