Has officially gone private and is no longer reporting
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If they still had that much available in NOL's, they would have created a poison pill/shareholder rights plan recently instead of implementing those other measures in the recent 8k (limiting special meetings called by outsiders, etc).
I think you're interpreting this in reverse.
Also, an NOL is not a credit. Think of it more as a deduction at the taxable rate.
I didn't say they would lose all NOL's at once. Review section 382 of IRS tax code as it pertains to change of ownership if you'd like more clarification.
I think the offering was 1) to strike while stock was hot & uncertainty of 2014 corn crop was still ahead and 2)to suppress the share price long enough for the share based compensation plan to get approved so mgmt can bank as much as possible.
I think you're looking too far into things.
Reality is at this time they have nearly $50 million cash, $17 million debt, only 1.6 million warrants remaining, 3.8 million shares short, and a very undervalued share price.
This is bound to move up from here. Tomorrow may be wild but I think retail selling would quickly give way to institutional buying & short covering.
NOL's are lost with changes in ownership by 5%+ holders. Dilution in recent unprofitable years likely triggered these ownership changes so no recovery.
Stock is still very cheap here but no one is looking to acquire PEIX with RFS still not finalized (my opinion).
Only 1.6 million remaining warrants is good news, especially given the 3.8 million short interest.
I managed to get a whopping 200 shares at 18.20 after hours lol
$CXDC took a loss...sometimes these China stocks don't like to bounce like most:(
GPRE- second consecutive quarter they've left way more than $100 million on the table due to their hedging. That income per gallon is pathetic given market conditions for Q2. Haven't read the report as I'm traveling but pretty sad knowing capacity of 1B+ gallons per year.
Maybe they'll try more for spot arrangements remainder of year with there now being less uncertainty about the corn crop.
VLO reporting in AM so should give more insight ahead of PEIX report. Last Q I believe VLO net per gallon was .87 or so.
Any knee-jerk reaction to GPRE in PEIX or REX could be a nice opportunity tomorrow.
VLO reports before open and isn't as hedged in their ethanol segment as GPRE.
That, coupled with the earnings calls from both, will give some good insight.
CXDC down 8%...in for a few 5.40 range (China name)
$CXDC scaling back in here starting $5.40 range...really dumping today
FEEC peer Sino Oil & Gas swings to a profit:
http://www.worldcoal.com/news/cbm/articles/Coalbed-methane-boosts-company-fortunes-CBM86.aspx#.U9eno_ldWdh
INVE some move since the R/S there
I don't see anything...maybe since the board approved it, no vote needed?
If everyone and their dog owns assault rifles, we probably shouldn't be too surprised that law enforcement would like as much firepower as possible.
June 2014 presentation on status & Development of CBM in China
(emphasis on recent technical progress)
http://www.iea.org/media/workshops/2014/ieamost/2_5_Mr_Shen_Baohong.pdf
Can the U.S. Double Its Crude Exports in a Year?
http://www.businessweek.com/articles/2014-07-28/can-the-u-dot-s-dot-double-its-crude-exports-in-a-year?campaign_id=yhoo
In a July 7 filing with the Securities and Exchange Commission, Valero (VLO) reported that condensates are “uneconomic feedstocks for our refineries; removing them from crude may improve refinery throughout and yields.”
Fadel Gheit, an oil analyst at Oppenheimer (OPY), says he thinks talk of an condensate export boom is overblown. In the weeks after the Commerce Department ruling, he called more than a dozen oil companies operating in Texas. “Not one of them said they had plans to go big in condensate exports,” says Gheit. “It’s not an issue for them.”
Some nice color on Chinese CBM industry:
http://blogs.platts.com/2014/07/28/china-energy-sector/
TexCom, Inc. Announces Voting Results of Its 2014 Annual Meeting
HOUSTON, July 28, 2014 /PRNewswire/ -- TexCom, Inc. (OTC Pink: TEXC)(the "Company" or "TexCom"), an environmental services company serving the oil and gas industry, is pleased to announce that at its annual meeting convened on June 26, 2014 and reconvened on July 25, 2014, shareholders of the Company voted to elect Stephen J. Barth, Randall K. Lowry, Jr., Wallis T. Marsh, Robert S. May and James Roth to its Board of Directors. The Company's shareholders also approved and ratified a one-for-ten (1-for-10) reverse stock split of the Company's issued and outstanding shares of common stock, par value $0.001 per share, and reduction in the number of authorized shares of common stock from 100,000,000 to 50,000,000.
In addition, at the annual meeting, the Company's shareholders ratified the Company's 2014 Stock Incentive Plan and the appointment of GPH CPAs, PC as the Company's independent auditors for the year ending 2014.
Detailed results of the vote are as follows:
Proposal 1 FOR AGAINST ABSTAIN
----------- -------------------------- ---------- ---------- ---------
ELECTION OF DIRECTORS:
----------- -------------------------- ---------- ---------- ---------
Stephen J. Barth 35,282,091 15,949,629
-------------------------------------- ---------- ---------- ---------
Randall K. Lowry, Jr. 36,993,665 14,238,055
-------------------------------------- ---------- ---------- ---------
Wallis T. Marsh 36,976,165 14,255,555
-------------------------------------- ---------- ---------- ---------
Robert S. May 37,121,165 14,110,555
-------------------------------------- ---------- ---------- ---------
James Roth 36,987,765 14,243,955
-------------------------------------- ---------- ---------- ---------
Proposal 2 FOR AGAINST ABSTAIN
----------- -------------------------- ---------- ---------- ---------
To approve and ratify a one-for-ten
(1-for-10) reverse stock split and
reduction in the number of authorized
shares of Common Stock from
100,000,000 to 50,000,000. 37,951,786 13,277,634 2,300
-------------------------------------- ---------- ---------- ---------
Proposal 3 FOR AGAINST ABSTAIN
----------- -------------------------- ---------- ---------- ---------
To ratify the Company's 2014 Stock
Incentive Plan. 36,660,015 13,655,706 915,999
-------------------------------------- ---------- ---------- ---------
Proposal 4 FOR AGAINST ABSTAIN
----------- -------------------------- ---------- ---------- ---------
To ratify the appointment of GBH CPAs,
PC as the Company's auditors for
2014. 37,130,579 12,188,742 1,912,399
-------------------------------------- ---------- ---------- ---------
Proposal 5 FOR AGAINST ABSTAIN
----------- -------------------------- ---------- ---------- ---------
Consideration of any matters which may
properly come before the Meeting, or
any adjournment thereof. 35,489,303 13,743,798 1,998,619
SA on Solar: The Upside Down Valuations Of The US And China Solar Companies
http://seekingalpha.com/article/2347995-the-upside-down-valuations-of-the-us-and-china-solar-companies
$VISN: VisionChina Media Partners with Huawei to Expedite National Mass Transit WIFI Network Expansion
http://finance.yahoo.com/news/visionchina-media-partners-huawei-expedite-132500669.html
trying to blow up like old times?
Lagging other refiners on this rebound...nice ketchup play?
You expect solars to dump Monday on tariff headlines?
Please just wake me when this turd is sold for .12+. I have the perfect flying poop chart ready to post when the time is right and not about to put up with dshade deleting it this time around.
No offense to dshade, but the ticker here is FEEC so I would consider it entirely on-topic if things work out.
I love the smell of napalm & short squeezes in the morning.
You had me at AISC of $816...
I would bet Chongquing had a fake Apple store before this one. On that note, I've actually heard some positive things about the fake Apple stores in China.
Yup, sold my CXDC to buy ZX at 2.20 when that obnoxious 2.2 block seller was around. I got silly that day- thought I could take the seller out on my own haha.
I fully expect CXDC to launch and ZX to pull back now that I have stated publicly...but maybe I'm just superstitious.
$OINK- that ticker was the best thing they had going for them, aside from the black hogs.
What's everyone like for this week?
Without even viewing charts tonight, CTS eligible long positions I carried over from last week are:
ZX, SORL, OSN, SUTR, RCON, FENG, TAOM
Also holding some Aug $5 puts on CBAK. Hoping for some BK there lol.
Edit: Almost forgot about the $IDI I began scaling into Friday .49-.50 on death drop. Ready for more on further plunging.
Lmao, hot potato toxicity. Even as a trading vehicle, this is a steaming pile of shit! Who do you work for and who are you kidding? Remember when ihubbers pumped the Kentucky coal mine acquisition financed with .01 warrants? Sometimes I wonder about the mental capacity and intent. That's right, this is the hub for high class investors.
Re NEWL, are they a shipper with no ships? Are they a coal miner in a dying sector with dilutive financing?
That's right, NEWL is in the scamming biz. Steaming pile of dung.
Pump was good for a Pioneer Day laugh haha. Cheers to steaming piles of poop...and shit scammers.
Ethanol: China issues new rules for ddgs.
http://mobile.reuters.com/article/idUSKBN0FT2LM20140724?irpc=932
Profitable or not, this won't move until the .03 warrants are addressed.
U.S. Refiners to Ship Most Fuel to Europe Since November
http://www.bloomberg.com/news/2014-07-24/u-s-refiners-to-ship-most-fuel-to-europe-since-november.html
Large shipment of US ethanol to be delivered to Brazil in August: sources
http://www.platts.com/latest-news/agriculture/montreal/large-shipment-of-us-ethanol-to-be-delivered-21960646
Looming concerns over the ongoing dry weather in CS Brazil and the extent of damages to this season's sugarcane crop are opening the possibility for increased ethanol imports from the US in the fourth quarter of 2014 and the first quarter of 2015.
The anticipation of tight ethanol stocks during the intercrop season continues to be fed by talk of a possible "sudden death" of the current sugarcane crop in CS Brazil due to extremely dry weather.
Ethanol import discussions for Q1 2015 arrival remain heated, as traders said there are rumors that a small parcel was booked earlier this week for early Q1 2015 arrival.