I guess it takes a threatened corporate takeover to get me to post here

I just realized that I haven't posted to this blog in a while. Much has happened, and I recommend that you follow @buzztimegirl on Twitter to keep up. But this San Diego Reader article was interesting.

Carlsbad’s NTN Buzztime provides interactive electronic entertainment in restaurants and sports bars — trivia quiz shows, play-along sports programs, casino-style games, and the like. It has almost 4000 subscribers. But NTN has been a loser for years.

After describing the financials, the article then goes on to say the following:

There have been “significant changes in executive leadership,” says the company in a filing with the Securities and Exchange Commission. One chief executive resigned in May of last year, and the interim chief resigned in November. “Changes in senior management are inherently disruptive.”

And what is happening now?

That’s one reason that a Cayman Islands–based hedge fund, Trinad Capital, which owns almost 15 percent of the stock, says it has evidence of mismanagement, fraud, breach of fiduciary duty, and waste of corporate assets. It has filed a lawsuit and announced it may attempt to wage a battle for control of the company.

I briefly mentioned Trinad Capital back in March. Yahoo reports that they've continued to buy NTN shares - 125,000 in April and 50,000 in May, for example. Because of NTN Buzztime's low stock price, it hasn't cost them a lot to do this. However, there haven't been any purchases since May 15, so I'm not sure what they're planning.