Twitter: @Calderquacks
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He's pretty responsive. I didn't know his personal email but I sent a message through their website and heard back from him personally within 24 hours.
ESCR's value is $33.3m per the last 10Q. Market Cap is only $3.2MM with a $.23 PPS
Total liabilities are $67MM.
Assets are $97MM so $97MM-$67MM= $30MM Net Assets. + $3MM in Cash.
$30MM Net assets divided by a 14MM O/S= $2.14 PPS!
Its obvious this company is struggling due to the drop in prices of oil and natural gas, so the operations of this company are tough for them.
However to a much larger company, they might see this company as a great opportunity to acquire them for their assets. Much larger companies like Exxon, Conoco Phillips, etc could all use these assets and operate them at a lower cost then ESCR could do on their own.
Hell yeah. I'm buying more
There won't be a R/S any time soon, they just increased the A/S
Yeah. I dunno if intelligence on how to short applies to that one
Ok... the post is 3 weeks old. Are you just trolling now?
Bid support is growing today
Yeah here's the link http://www.utswmedicine.org/cancer/programs/gynecologic/
Should definitely be interesting especially since they posted that
I didn't mean it happened as in the deal with ESCR. I meant it happened the trade he was talking about that I took a screenshot of
Nice Blue!
Yeah L2 is still supppper thin. Will run hard in either direction depending on the outcome. I'm still holding
well yeah... people are holding to see if the deal went through
I like it Ash, bought some today
This company is nothing but a funding tool for Theresa's radio show
IMO, since we haven't heard anything on the deal now and its day 4 of their required time to file the 8-K, that something bigger is in the works.
I do not think the deal will just go through but that there will be some sort of merger/acquisition that is currently being discussed.
Did these clowns R/S again!?
Yeah we'll see. The quarter ends for them this week I think so we should see earnings in a few weeks too. Hopefully they'll paint a better picture of what we could expect to see from them in the future
But thats not to say I don't share your frustration that I too was hoping to hear something on Thursday and worst case scenario Friday. I just want to know as well whether the deal completed or not.
IMO I think the deal happened, otherwise they would have told us that it didn't.
They have 4 business days to file the 8-K for it so we'll see what happens.
It happened. (also just FYI, just because its red doesn't mean it wasn't a buy. It might of been slightly lower then the listed Ask)
Will be interesting to hear on final news between WRES and ESCR to see if they got the deal done. They have until the end of the day Tuesday/possibly Wednesday to file the 8-K if they got the deal done. SEC gives them 4 business days from when the material event happened to file the 8-k
Yeah i'm holding strictly for completion of the Warren deal. Hoping we get an update soon as the deal should have been done on Thursday.
Both parties have 4 business days to file a 8-k once a material event happens, so technically they could have completed everything late on Thursday and they don't have to tell us until late Tuesday/Wednesday morning
True. I would love to wake up to a headline saying "(Blank) acquires Escalera Resources".
One can dream right?
Hoping we hear something by EOD
That would be epic!
Looks like some stop loss orders were triggered and brought it down, back up it'll go!
The selling isn't nearly as bad as I thought it would be with no news. People are still holding waiting for confirmation on whether or not the deal is done.
To be honest, i'm okay with the deal being done or not being done. The only reason I will sell is if they acquired WRES's assets by means of taking out a big loan or increasing the O/S and diluting the stock to raise funds.
A private sale of restricted stock to a wealthy private party or being acquired/merged by someone big would be the best case scenario in my opinion.
Yeah 8-K is different though. They can release a PR tomorrow morning and don't have to file an 8K about it for a couple business days I believe. I think its 3 or 5 days
Doubt we'll hear anything today if nothings released by 6pm EST.
Will most likely be a PR pre-market tomorrow stating whether it did or didn't happen.