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As I predicted, there will be some entry points for VATE on it's way to a $30 stock.
Toady, at under $10, is one of those days.
Remember, this stock did a 1-10 reverse split, so today's price is equivalent to less than $1/ share, per-split.
Shares bought here will make a LOT of money-- at least 300%, IMO.
VATE has made a big move since the January 17th FDA approval of the MediBeacon kidney function monitoring device (that has a market value north of $400 million- see https://www.biogeneratorventures.com/news-media/biogenerator-company-medibeacon-transdermal-gfr-system-receives-fda-approval-to-assess-kidney-function). The MediBeacon product alone justifies a share price of over $30.
But I would be a little cautious chasing the shares beyond $15 or so, given the fact that there will be no revenue from this new product in Q4, and the company has shown erratic earnings this past year. It bounced from a signiifcant loss in Q1, to $1.00/share earning in Q2 (on a post reverse split basis), to another loss in Q3. So who knows what we will see when they report in early March.
Long term, it is a $30-$50 stock, but there will likely be some entry points along the way, at less than $12-15.
What strange 'VATE' is at work her??!! (Remember that line in the old "TEN COMMANDMENTS" movie?? When MOSES finally meets his REAL Mother --- whom he had saved from that big Egyptian construction STONE??)
VATE: And this damn 'PHOENIX' has risen AGAIN, for God's sake!!!
VATE: "COMING-OUT-OF-BEASTVILLE" (Might be a great TITLE for your looming BOOK on Charts, Wall Street, & otherwise TRADING stocks!!)
VATE (& @WLGS): Indeed, about VATE!!! (Early today, I almost posted --- what you see below here --- to VATE's Board, because I too was astonished as to the impossible spectrum of STUFF & THINGS that VATE does!!)
"Industry, Construction & Engineering:
Innovate Corp. is a diversified holding company. The Company has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure (DBMG), Life Sciences (Pansend), and Spectrum. DBM Global Inc. (DBMG) is a fully integrated construction company offering both construction and professional services primarily through its core subsidiaries. It provides services, including design-assist, modularization, fabrication and erection of structural steel, heavy steel plate, trusses and girders, heavy equipment installation, as well as facility services for maintenance and shutdowns. DBMG manufactures pressure vessels, strainers, filters, and separators. Life Sciences segment is comprised of Pansend Life Sciences, LLC, which is focused on supporting healthcare and biotechnology product development. Spectrum segment is comprised of HC2 Broadcasting Holdings Inc. and its subsidiaries. It owns and operates broadcast television stations throughout the United States. Headquarters, 295 MADISON AVENUE, 12TH FLOOR, New York, NY"
PROBABLY AN ACCIDENT...THEY WERE DRIVING THAT TRAIN FAST.....LOOKS LIKE A SMALL HERD OF SHEEP GOT RUN OVER.
VATE: And iHub's BEST-WIT-OF-THE-DAY award goes to 'TT-2016' for:
"SOME CONSTRUCTION AT EXIT 10.94....COMING OUTTA BEASTVILLE"
I HAD NO IDEA THEY HAD A BIO SIDE TO THEIR BIZ...WLGS BEASTING
VATE: It was a NICE one, Dude!! (And as you surely know, iHub Peeps best be checking-in periodically every day to see what YOU, Homeboy, are posting about!!! Such GOOD be quite lucrative, for anybody!! Even for a Class CLOWN like me!!)
BEASTING IN BEASTVILLE...WEEKLY NOT IN BEASTVILLE...FOUND THIS BEAST WAY BACK IN BEASTVILLE...BUT I MISSED THIS ROAD TO THIS BEASTVILLE...SOME CONSTRUCTION AT EXIT 10.94....COMING OUTTA BEASTVILLE
VATE: See latest 'CHART' on this cute little PUSSY-Cat, below!!
"Hey, Pres. Trumpster, ya wanna join me in my VATE stock Short-SQUEEZE play, Homeboy!!?? Heck, that old PornHub hooker, Stormy Daniels, ain't got nothing on ME, Trumpster Dude!! And lastly, there's OTHER stuff a Presidential STUD like you can go DRILLING for --- besides silly Gas, Oil, & Coal, Dude!! No PUNS intended, Commander-&-Trumpy, Sir!!"
////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Flip some at high $8s and go from there
VATE: Halted --- hopefully, on the way to JUPITER!!!
Back to $8s later $7.04 + 35%
VATE: Oh, & one last thing. Only TWO "Monuments" should be left standing in Wash., DC --- MLK's, & Lincoln's!!! And that cute POND, & those Cherry Trees too. Other than that, REMOVE the rest!! (And I'm a 'White Guy' posting this.)
VATE: Very-well-stated, Sir!!! (And I myself normally TRASH so-called "Medical Science" on this primitive Planet.)
$VATE Rarely do you get a product that is this good for humanity, and you get to buy it and trade it on the stock market.
This Transdermal GFR will be a huge step forward for nephrology and CKD (Chronic Kidney Disease) patients.
This is extra DD for those who want more information. This is a 400 million dollar product before the clinical trials.
It's probably worth billions now that it is FDA-approved.
I'm sure this will be used in every state in the U.S. & most countries worldwide. They have done clinical trials in the U.S. & U.K. It's ok to be excited.
Transdermal GFR DD
VATE: THANKS for heads-up!!!
$VATE Grabbed a boatload. HUGE NEWS!!!
Ready for Tuesday.
Glad I checked your posts one last time before the extended hours ended.
This is huge. Thanks bro.
Monster awake again on Friday night kidney news $8s now + 60%
Earning out.... aloss this quarter after last quarter earnings of $1/share.
They are moving forward, but it seems like always 2 steps forward, one step back.
... I guess the move up was a headfake.
Now bobbing around at about 3.3/share.
This is a stock that has a reliable income from it's construction division, and several possible surprise revenue streams from the broadcast properties as well as a couple of healthcare operations.
Any one of them could send the stock to double it's current price, very quickly. Slowly adding to my position here. It's as safe as they come, IMHO
... I guess the move up was a headfake.
Now bobbing around at about 3.3/share.
This is a stock that has a reliable income from it's construction division, and several possible surprise revenue streams from the broadcast properties as well as a couple of healthcare operations.
Any one of them could send the stock to double it's current price, very quickly. Slowly adding to my position here. It's as safe as they come, IMHO
VATE finally making it's move upward, after months of sub-par performance.
Bought some this week around $4, hoping that the rally continues.
It should- earnings last QUARTER, split-adjusted, were $1/share.
Yes, that's right, split adjusted, the earnings for the last quarter were $1. That implies a P/E ratio of 1, if they can continue to be profitable.
So, VATE management seems to have mastered poor timing on the reverse stock split.
Why they scheduled the stock split to take effect the day after releasing earnigns makes no sense to me.
Had the stock split taken place Aug 2, as originally announced, the split adjusted earnings would have come in at $1.00 a share, for the quarter, for a stock trading at around $5/ share.
As it was done, the earnings show as .10/share on August 8, but that is before the 1:10 reverse split, that took effect after the close on 8-8, which certainly causes confusion. Just stupid, IMO.
But the satock does look like a screaming buy at $4.50/share, with quarterly earnings at $1/share. And this is before apporval of the kidney monitoring system they have been working to get through the FDA process for several years. Once that clears, they should have a huge bump in earnings and interest.
Trading now at annualized 1x earnings-- just crazy cheap.
Over-reaction to earnings miss today. As they said on the conference call, a lot of the miss is timing issues related to the infrastructure business. They still have a huge backlog, and are generating better margins than in the past.
So I bought some more here under $2.00.
I think I'll be pretty happy with those down the road.
I bought some on his recommendation as well. Added some today just before the nice pop we saw. Be interesting to see what the earnings are on the 14th...
GL
New board follower here.... bought some on recommendation of Chris DeMuth, (Sifting the World, on Seeking Alpha) who says this is way undervalued.
He made me a nice chunk of change last year on a misunderstood litigation play.
He likes that it is a conglomerate when conglomerates are out of favor, and that it has regular income production from DBM Global (also an infrastructure play), plus some wild card businesses in health science that could be big winners.
He says it could be worth $15-20/ share, that could be unlocked in 2023.
He recommended at around this price on Jan 4.... it's been about below that price until today.
WOOOOOOOOOOOOOOW 82000 SHARE BUY@1.50 PLUS 3- 11000 SHARE BUYS $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
VATE deserves some attention, recovering very well lately.
Same activist MG Capital in Contura
I own stock and boatload warrants
I bought bunch, oversubscribed
HC2 Holdings Announces Closing of Rights Offering (11/25/20)
NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today the closing of its successful rights offering, which expired at 5:00 p.m., New York City time, on November 20, 2020. Pursuant to the terms of the rights offering, 13,979,674 shares of common stock are being purchased pursuant to the exercise of basic subscription rights and 2,763,148 shares of common stock are being purchased under the over-subscription privilege.
In addition, in accordance with the Investment Agreement entered into by the Company with Lancer Capital LLC (“Lancer Capital”), an investment fund led by Avram Glazer, the Chairman of the Board of Directors of the Company and the Company’s largest stockholder, Lancer Capital partially backstopped the rights offering in the amount of $21,433,793.53 by purchasing Series B Non-Voting Convertible Participating Preferred Stock, par value $0.001 per share (the “preferred stock”), excluding $5,560,000 previously purchased. Concurrently with the closing of the rights offering, Lancer Capital converted all of its shares of preferred stock into 11,891,539 shares of common stock (the “conversion”).
In the aggregate, the Company is issuing 28,634,361 new shares of common stock at the subscription price of $2.27 per whole share for total gross proceeds of approximately $65 million to the Company, which includes shares of common stock issued to Lancer Capital pursuant to the conversion. After giving effect to the rights offering and the conversion, the Company will have 76,586,573 shares of common stock issued and outstanding.
HC2 expects to use the proceeds from the rights offering for general corporate purposes, including debt service and for working capital.
Investors who have participated in the rights offering should expect to see the shares of common stock issued to them in uncertificated book-entry form. Any excess subscription payments received by Computershare Trust Company, N.A. (the "subscription agent") will be returned by the subscription agent to investors, without interest or deduction, through the same method by which they participated in the rights offering.
The rights offering was made pursuant to HC2’s effective shelf registration statement on Form S-3, filed with the SEC on September 9, 2020, and a prospectus supplement containing the detailed terms of the rights offering filed with the SEC on October 7, 2020. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The rights offering was made only by means of a prospectus and a related prospectus supplement, copies of which were distributed to all eligible stockholders as of October 2, 2020 on or about October 7, 2020 and may also be obtained free of charge at the website maintained by the SEC at www.sec.gov or by contacting the information agent for the rights offering.
About HC2
HC2 Holdings, Inc. is a publicly traded (NYSE:HCHC) diversified holding company, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns in order to maximize value for all stakeholders. HC2 has a diverse array of operating subsidiaries across multiple reportable segments, including Infrastructure, Clean Energy, Life Sciences, Spectrum, Insurance and Other. HC2’s largest operating subsidiary is DBM Global Inc., a family of companies providing fully integrated structural and steel construction services. Founded in 1994, HC2 is headquartered in New York, New York.
https://www.globenewswire.com/news-release/2020/11/25/2134116/0/en/HC2-Holdings-Announces-Closing-of-Rights-Offering.html
Just In: $HCHC HC2 Holdings to Announce Third Quarter 2020 Financial Results
NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) -- HC2 Holdings, Inc. (NYSE:HCHC), a diversified holding company, announced today that it will release its financial results for the third quarter 2020 on Monday, November 9, 2020 after the market closes. The Company will host an earnings confe...
In case you are interested HCHC - HC2 Holdings to Announce Third Quarter 2020 Financial Results
Falcone is good; 1st HRG now HCHC...
* * $HCHC Video Chart 02-10-2020 * *
Link to Video - click here to watch the technical chart video
* * $HCHC Video Chart 11-13-18 * *
Link to Video - click here to watch the technical chart video
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Primus Telecommunications Group Inc.
7901 Jones Branch Road
Suite 900
Mclean, VA 22102
United States - Map
Phone: 703-902-2800
Fax: 703-902-2877
Stock Information
Stock Symbol: PRTL (Currently trading on the OTCBB & Pink Sheets Quote Systems)
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About Primus Telecommunications
Like other industry leaders, Primus delivers high-quality solutions for more than 2.4 million consumers, including small & medium enterprises and multinational businesses. Unlike the rest, Primus takes advantage of global telecommunications deregulation. This allows Primus to bring you facilities-based networks and facilities-based datacenters for a sophisticated line of services to manage your complete E-Business and data communication needs. Primus has ownership interests in over 23 transoceanic fiber-optic cable systems in Europe, North and South America, and the Asia-Pacific region. Primus also holds Internet assets including:
Voice Services Primus offers a rich set of residential and business voice services:
E-Business Solutions Primus has E-Business solutions to address client's communications needs and ensure their ability to meet service and cost-control objectives. The Primus suite integrates global data and Internet services, which ride on Primus’ facilities-based assets. Products in the Primus suite share features from product to product including security, reliability, and availability, regardless of customer locale. Companies have access to the same Web-hosting features in the US and the UK as they do in Germany or Brazil. Additionally, Primus offers E-Business solutions to meet any bandwidth, security, and budget. The Primus suite also offers integrated billing with options for languages, currency, and media. Primus suite services include:
Primus presents proactive network monitoring up to and including CPE (Customer Premise Equipment) -- as long as it’s Primus-provided and -certified equipment. This allows Primus to offer industry-leading Service Level Agreements. |
One reason why should you care about this company??
Steve Cohen of SAC Capital just purchased close to 8 million shares of this stock at .91 (see the July 9, 2007 filing here: http://www.sec.gov/Archives/edgar/data/1006837/000089914007001276/p070907a.txt ) In case you don't know who Steve Cohen is, he is a legend among hedge fund traders. His fund, SAC Capital manages nearly 15 Billion in Assets. Read about SAC Capital here: http://en.wikipedia.org/wiki/SAC_Capital_Partners And read up on Steve Cohen here: http://en.wikipedia.org/wiki/Steven_A._Cohen
Read this taken from the last 10K filed by PRTL (it may give you a better idea of what is to come here:
Transformation Strategy in 2007
With the substantial progress made in 2006, we are now positioned to embark on a two-year ‘Transformation Strategy’ to strengthen significantly our balance sheet, resume top line revenue growth before the end of 2008, and re-list on NASDAQ. While this is an admittedly aggressive set of goals, given the successful execution on multiple operational and financial initiatives over the past year with constrained resources, we have confidence that these are reasonable goals.
Key elements of our two-year Transformation Strategy are as follows:
• Strengthen the balance sheet opportunistically through potential de-levering transactions and equity capital infusions.
• Significantly improve our non-sales and marketing cost structure through increased outsourcing and/or off-shoring at lower cost locations globally; improve coordination among PRIMUS business units to deliver synergy savings; and maintain an aggressive cost management program. Re-deploying the resultant savings back into sales and marketing activities with attractive payback parameters should, in turn, increase margins.
• Focus on improving sales productivity and margin enhancements by leveraging our network assets and increasing the revenue mix in favor of higher margin growth services.
• Opportunistically sell non-strategic assets and businesses and use the proceeds either to accelerate growth of high-margin businesses or to strengthen the balance sheet.
Our strategy for 2007 and beyond is unchanged—maintain a narrow focus, invest wisely and tightly control costs. While revenue may decline year over year, as we continue to prune low-margin, unprofitable revenue streams, our objective is to improve cash flows by 10% or more over 2006, recognizing seasonal fluctuations in quarterly performance. At that level of cash flows (which assumes stable currency exchange rates throughout 2007 and excludes any material expenses related to further restructuring) and with our current cash position and our completed 2007 debt transactions, we believe our 2007 business plan is fully funded.
SEC FILINGS
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001006837&owner=include&c....
NEWS
http://finance.yahoo.com/q?s=PRTL.OB
Share Structure
Shares Outstanding: 114.13M
Float: 96.57M
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