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once the selling at 0008 finally stops it might
is the seller finally done?
or
did he just take a coffee break?
I think its the fitbit IPO read this:
http://www.theverge.com/2015/5/7/8569017/fitbit-ipo-fit-profit
Fitbit files for $100 million IPO, on pace to earn over $1 billion in 2015
they just took the day off it seems
2nd uptrend day on 1m+ volume
at least the selling seems to have stopped
that's a start for some recovery
could be the fitbit IPO, what is the status of the
healthwatch here?
http://www.bloomberg.com/news/articles/2015-05-07/fitbit-files-for-u-s-ipo-of-fitness-tracking-device-maker
Fitbit Inc., a maker of fitness-tracking wristbands, filed for an initial public offering in New York.
The company disclosed a prospectus Thursday with a $100 million placeholder, an amount used to calculate fees that will likely change. In December, a person with knowledge of the matter said Fitbit could raise about $150 million in an IPO.
higher highs, higher lows, accumulation continues
more buying again, more accumulation
must be some news coming
sometime soon on this one
I'm thinking there must be some news as well
buying started on the ask 009s when the bid was actually only 005
watched it closely
became a shell on May 12, 2014,
if I'm reading this right
On May 12, 2014, GeoMet closed the sale of substantially all of its remaining assets (the “Asset Sale”). As a result of the Asset Sale, all operating activities are presented as discontinued operations in the Condensed Consolidated Statements of Operations (Unaudited) for the quarter and year ended December 31, 2014 and 2013.
As of December 31, 2014, our primary asset as a public “shell company” is cash in the amount of $22.9 million. On a go forward basis, we believe we are incurring the minimum overhead expenses necessary to sustain a public registrant.
here is an 8K worth reading:
http://archive.fast-edgar.com//20150218/ANAED22C8C22DTZ2222M2ZZZBAKGZ2W2D272/
Houston, Texas—February 18, 2015—GeoMet, Inc. (OTC: GMET; OTC: GMETP) (“GeoMet” or the “Company”) today announced its financial and operating results for the quarter and year ended December 31, 2014.
Financial and Operating Results
On May 12, 2014, GeoMet closed the sale of substantially all of its remaining assets (the “Asset Sale”). As a result of the Asset Sale, all operating activities are presented as discontinued operations in the Condensed Consolidated Statements of Operations (Unaudited) for the quarter and year ended December 31, 2014 and 2013.
As of December 31, 2014, our primary asset as a public “shell company” is cash in the amount of $22.9 million. On a go forward basis, we believe we are incurring the minimum overhead expenses necessary to sustain a public registrant.
Quarter Ended December 31, 2014
For the quarter ended December 31, 2014, GeoMet reported a net loss available to common stockholders of $2.0 million, or $0.05 per fully diluted share. Included in net loss available to common stockholders for the quarter ended December 31, 2014 were non-cash charges of $0.8 million for accretion of preferred stock and $0.5 million for paid-in-kind (“PIK”) dividends paid on preferred stock. For the quarter ended December 31, 2013, GeoMet reported a net loss available to common stockholders of $4.3 million, or $0.11 per fully diluted share. Included in net loss available to common stockholders for the quarter ended December 31, 2013 were non-cash charges of $0.6 million for accretion of preferred stock and $1.6 million for PIK dividends paid on preferred stock.
For the quarter ended December 31, 2014, GeoMet reported income from discontinued operations of $84 thousand, including a tax benefit of $24 thousand, or $0.00 per fully diluted share. For the quarter ended December 31, 2013, GeoMet reported a loss from discontinued operations of $359 thousand, net of tax of $0, or $0.01 per fully diluted share.
Year Ended December 31, 2014
For the year ended December 31, 2014, GeoMet reported net income available to common stockholders of $53.3 million, or $1.32 per fully diluted share. Included in net income available to common stockholders for the year ended December 31, 2014 were non-cash charges of $3.0 million for accretion of preferred stock and $2.3 million for PIK dividends paid on preferred stock. For the year ended December 31, 2013, GeoMet reported a net income available to common stockholders of $27.8 million, or $0.69 per fully diluted share. Included in net income available to common stockholders for the year ended December 31, 2013 were non-cash charges of $2.3 million for accretion of preferred stock and $5.3 million for PIK dividends paid on preferred stock.
For the year ended December 31, 2014, GeoMet reported income from discontinued operations of $63.0 million, net of tax of $0.7 million, or $1.56 per fully diluted share. Included in income from discontinued operations was a $61.3 million gain resulting from the Asset Sale. For the year ended December 31, 2013,
GeoMet reported income from discontinued operations of $40.8 million, net of tax of $0, or $1.01 per fully diluted share. Included in income from discontinued operations was a $36.9 million gain resulting from the June 2013 sale of GeoMet’s Alabama assets.
makes you wonder if some news coming or already out there somewhere
and it wasn't chumpchange either, was watching that buying even when the spread was huge, they didn't stop buying
as far as I can tell, except $22m cash
really means something, in that they are in
a unique position to use it to acquire something of value.
most shells trying to merge
don't have 2 cents in their pocket.
let alone 22 million in cash.
that's why the merger option is on the table, if I'm also reading previous news correctly.
if they liquidate they take a loss on that
if they use the cash to acquire something, they're
trying to restore the market cap
and recover the $$ and pps.
so the gambit seems to be
.00
or could be 1.00s if they came up with a merger scenario to restore pps
high enough to recapitalize it.
now if they were sure a merger scenario were off the table
seems like they would just take the 22m cash.
because its costing them expenses to wait.
so purely a guess
but the longer they wait, I'm guessing
they working on a merger scenario as they mentioned
they had interest in exploring.
otherwise why wait, and spend any cash
on expenses in the meanwhile?
its all I've been able to figure out so far...
reading through the last few prs/filings..
maybe there are people here who know a lot more
yes, the speculation GREW a lot today!
I may be clueless on this one, but I'm watching!
and reading too
any reason this is getting volume today?
any ideas on the reverse merger and
how the search for a candidate is going?
read in a previous filing they were considering that option.
you got that right. congrats!
saw this news today, now have to study this one a bit
6 filings in 6 days, current soon, and likely more news ahead in the short term. not hard to see it coming on this one.
chart pulled back, then wham 3 filings, which
shows me they are serious about this one.
they're not messing around
especially if we get more filings tomorrow or
even tonight after hours.
they are getting current in a hurry. amazing
nice job!
you called the bottom perfectly!
3 filings in 15 minutes!! getting current fast,
before our eyes!
3rd filing in 6 days, they're working on
getting current in the short term it appears,
based on that pattern would expect to see
many more in the short term
good sign.
amended filings, working on getting current is usually the case when you see previously filings amended before current filings
this had news afterhours this week, and also once with 3 minutes before the close last friday..
they have a habit of putting news out
eod or afterhours it seems.
so there is significant risk for
those with short positions that aren't covered
should more news be released.
8.2m on bid 137k on ask
what shows on L2 at the moment
QUTR 0035 news out
millions accumulated on the bid before
next news
is what it looks like is happening.
no idea if there are more filings soon or what but
someone has loaded 10s of millions on the bid so far
bids have been large
very large bid flashed 2 min ago
this pulled back on very light dollar volume, relative to the dollar volume of the upward momentum earlier this week, so the average price per share traded this week is much higher than the 001s where its trading on light volume today
powered to new 52 wk high