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Everyone waiting for conference call at noon EST.
In today at half a position.
If Q2 looks good I'll let the half ride up, if it drops on a bad report will average down with the other half later.
Resources are great, proper management over the next quarter or two should bring it back to $3+ pretty steadily as long as gold doesn't do something crazy. Buyout always possible.
Congrats to those who flipped it through the .60 to 1.20 range.
Which Global Tech. is trying to buy MSE?
BridgeJumper: Thanks for the quick response, I guess we'll have to wait for more news - but after some more DD I think the point is moot with regards to GTGP.
http://ih.advfn.com/p.php?pid=nmona&article=52914980
When Fallacaro says "to expand the entire workforce in Butte and also move all operations of both Global Technologies Group and Global Technology Holdings, our private company which is making the acquisition to Butte" I can't help but interpret that somewhat awkward sentence as saying it won't be GTGP but rather his private company who winds up with MSE.
Time will tell.
Two Questions: Acquisition Money and Preferred Shares?
1] Does anyone know where GTGP is getting the financing to purchase MSE, or if the acquisition will be equity-driven?
2] Does anyone know what the terms of the $4,000,000 in Preferred Shares that went to SLUP are?
Gratitude to anyone who can point me in the right direction.
ACNI morning standoff over HERE SHE GOES
ACNI do yourself the favor *T*H*I*N*
ACNI ultra-thin standoff breaking -- bout to blow
ACNI ultra-thin standoff breaking -- bout to blow
105k shs from .10s
MMs 5 mil. shares in the hole -- f'em.
Strong hands all around, discipline is holding, they are shaking on 5,000 shares here and there and no one is breaking -- all we need is a few new players and it's wide open.
ACNI in uber-thin standoff, few more players and she breaks
Need a few more eyes on this --- 200,000 shares between this and .10s with freaked out MMs.
Out of Qs, that's the news I meant. Haven't heard anything else.
News only 2 hrs old less than 1 mil in @ 00s rest in pennies
ACNIQ news 2hrs old gaps AM
Plenty more to go.. it's worth more as a shell than this market cap and it has physical operations in four states and real ad revenues.
If you can't be bothered to read a handful of posts back, where it is shown that the prospectus was completely ignored in the Mirant settlement involving many of the same players (Willingham/Solomon/etc..), then you may as well short me shares of WAMPQ at 114*.20 or whatever your interpreted value is.
In case you want to save yourself the instant loss:
http://www.genon.com/investors/investors-faq.aspx contains the historical information about the exit from Mirant's bankruptcy.
You can calculate from that site:
1) The conversion ratio between preferred and common coming out of bankruptcy (54.86:1).
Which upon the most basic of Google searches on the preferred series in question would lead you to, well, let's just pick one at random:
http://www.forbes.com/forbes/2002/0415/266.html
...where you would see that those same Mirant 6.25% Convertible Preferred which converted at a 54.86:1 ratio had a PROSPECTUS conversion rate of 1.8 shares to 1 against commons.
If you want to be further enlightened, you could look at the historical trading ranges on MIRKQ and MIRPQ on the pink sheets towards the end of that Chapter 11. You could then take some arbitrary standard (let's say $10,000) and calculate the actual number of new equity shares and new equity warrants they received for every dollar put into old equity.
You could then take the trading price for the new equity and new warrants (snapshot data on warrant pricing coming out of Chapter 11 is provided in the Genon link above).
You would then have an ROI on both investments at various stages of bankruptcy purchase, could compare them directly (preferred versus common), consider them overall, or do whatever you pleased...
Or, once again, you could just run into the market shorting at the prospectus conversion rate x current common share price. Whatever floats your boat.
If the MMs are the ones holding it down then at least one person here owes them a bottle and a thank you card. I figure it's more a mix of profit taking, lack of knowledge about the preferred shares on the part of newsletter-types flocking to the Qs -- and most importantly a noticeable shift of funds into WAMUQ from long term holders shifting their WAMU profile up a bit in order to surf the hype in commons for a quick pre-settlement return, hoping perhaps to convert back to Ps in time or at worst ride it out in the Qs.
Either way it's a blessing. I'd tip well if they could get it back to the low teens... ...please?
H's owed another year of interest accretion?
It seems worth noting that the order settling the price that is listed in the iBox was simply an order recognizing that the value of this debt in this matter should be the current carrying value of the debt (with only interest accretion to date considered, and not the full maturity value of $50). However, as another year has passed from the time of that order, I wonder if there won't be another year's accretion added on to the calculated current value of the debt to be used in a settlement? It wouldn't be a huge difference but it's in following with the whole point of the exercise.
There are too many stocks and not enough time to get into the philosophy of what should be... better to focus on what is.
You say:
On the conversion rate...
On the question of cash versus shares...
The competition in post carbon diesel exhausts.. http://eetds.com/ uses a different approach (plasma) to try and accomplish the same thing. Would like to find out more about what sets the Energy 1 systems apart.
EGOC .0014 Ready to Run! Shares Almost Gone.
EGOC Ready to Run! Shares Almost Gone. eom
Can't help but be concerned but so far holding tight: if you were some insider or pumper waiting to sell, why jump in front of what was just gaining steam as strongly uptrending momentum and end up racing yourself to the bottom? If it were me I'd give it another week to try .03, throw out a PR around the convention, and THEN start at it. Figuring that it doesn't take a rocket scientist to think similarly, I'm holding out for the usual MM/trader psychology explanation.
Which MM? <-rhetorical
When it isn't a pump and there are no skeletons to whitewash and justify with groupthink, what's there to talk about? ;) Just sit back and enjoy the ride.
For those who doubted me, let you scratch your crotch till you die with a yeast infection!!!
kid10
way to emphasize the point... who will ever doubted you again?
Keep an eye out pre-market and into early trading there just might be a quick frenzied exodus of stargazers looking for ever more fuel to pour on the SWVC gap; might bring COPI into your range.
Happy to have it close .014 range vs. around HOD. Let the profit taking occur intraday so this week the close can steadily and smoothly climb up. No annoying drastic midmorning pullbacks.
Mornin'
I mean the sort of place where business gets done and contracts get signed.
Less than two weeks left till the convention.
I was just wondering what ballpark ideas people had. From the July 13th letter it seems Tom values Wisebuys at about $3.75MM, since he was selling/buying 60% @ $2.25MM. But some posts here have it worth many many times that, so I'm trying to understand some of the thinking that went into the higher I-Hub valuations. Just hoping to get a response from someone that had a different valuation from the July 13th one, and a brief summary of what went into their thinking.
Does anyone have an idea of what Wisebuys would sell for? As in how many dollars one would have to pay to purchase the business?
So can you tell me if there is a REAL connection between Call Compliance and Verisign's expansion into India?
Let's assume I'm a rivet manufacturer who, consistently over a few years, derives 90% of my orders from company X. Company X announces it is expanding into a new foreign market with the expectations of increased business. Now, should we assume:
A) This is likely to be good for my business, as there will be an increase in demand for my product.
B) This is likely to be neutral for my business, as there is no certainty my rivets will be used in the foreign manufactured products.
C) This is likely to be catastrophic for my business, as newly formed relationships between Company X and lower cost manufacturers in the new country will lead to a switching of suppliers.
Got an answer? Then you presume a REAL connection between Call Compliance and Verisign's expansion to India.
On the one hand you are acting as if your primary concern is the pertinency of Verisign's expansion ("Who can say if it will mean a dime for COPI! I'll choose option B!") while scattered amidst your posts are insinuations that COPI's entire business model is in threat of collapse ("Option C! .0001 has an address and it's in India!").
Then you turn around and question "what? huh? India? Where's the connection?!" I don't much mind if you want to be bearish or skeptical, I think the facts of the company speak louder than your posts. But when you combine hypocrisy, logical inconsistency, and a "holier-than-thou" attitude; really it should be considered spam.
My 2 cents.