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I really do not think they would be approved for bankruptcy right after borrowing $400 million: that would be considered fraud. I think they are being shrewd and aiming to survive by taking a loan they were already approved for before an anticipated credit squeeze by banks toward oil producers.
I'm not knowledgable about these things myself: I read it in a major media source about the coming credit squeeze for oil companies, which stated several oil companies that have done this recently.
I think they are trying to survive until oil prices turn around. At the worst of 2009, they were around $4, then went to $40. They now seek to insure that they will not run out of cash or get delisted, before oil prices turn around. A dilution of 2x, if a single event, is survivable. I hate reverse splits as much as anyone, but to keep share price minimum they would have to r/s if they increase float/ dilute in this current price range, and they already have a modest # shares trading. They aim to keep their options open during the oil trough. Competition is now fierce to cause minors to cave.
The 5 million buy AH today very roughly corresponds to the shares they want for stock incentives after a 1 for 10 RS, though that big trade may have nothing to do with the company buying those shares. I just thought it was a remarkably large AH trade that requires explanation.
Is it possible that a BIG oil company is buying their shares by the millions to gain some control, and that they might get bought out for their assets, which will be worth more when the price of oil improves. In the alternative, is it possible they are buying back their own shares to halt the catastrophic response to their recent news and proposals, and/or to insure they or other insiders can vote the majority of shares?
Saw that someone offloading at .08, but ... Why?
March options expiration week often hard on weaker co's
Thanks.
So, are you saying Notis would not receive the revenues from Whole hemp and related operations that shareholders were led to believe? Are they trying to insulate themselves from direct cannabis growing to have better access to conventional funding or something?
When JohnCM is tempted, it's REAL.
Next stop .15
djculli -- do you intend to apologize when it reaches .18 or .25??
Then several of us need to request a meeting with the director and board, if you are confident that there is nothing left to expect but more of the same as occurred under past management. And I would say this meeting must occur before April 10.
Good Man, Satellite! After my own heart.
Signed,
waiting for .27....
Or sparing us all a nervous BREAKDOWN for the moment??
waldo3:
Re: "The one thing he is correct about is MDBX closing."
Would Mr. Goh confirm this if asked?
Many have been badly burned, but why mount the significant effort that they have, if they are near to closing down? Please provide facts behind your strong, terminally negative assertion. Thank you in advance, for your time in answering my question.
WELL DONE, 5 DOG ED.
Really admire your persistence.
How were you able to find the correct tel#, if I may ask...
Time, and only time, will tell.
I think headed for .12,.15,.18,.225,.25,
And if it breaks .27 will regain .33 then .50
A very good analogy...
Or, some say, this is more positive than I thought before; maybe I should wait and see before selling off every day...
Let's break out to 15-20 cents range.
You have too much sense, my friend.
Je suis bien sur tu a raison.
Sounds a good analysis of the current situation. Of course I hope they do much, much better than the multi-week/month rut share price has been in.
Yes, a kind of triple or quadruple bottoming, which I hope will be a foundation for upward progess.
.15 is "the new black"
One wonders then, if that is why they didn't fight to stay on Nasdaq. That kind of thing takes a large amount of time and energy away from people. If I had to do my taxes every three months, instead of once a year, I think I'd take up sky diving or something...
Well, good: they'll have more time to work on sales and on delivering on their business plan.
It was not clever for them to have stated earnings release for 3/16, but release annual on 3/11. According to one site, the next QTR report is due mid May. If that's correct, the recent spike looked like some momo traders getting best price they could before jumping ship (ahem... No criticism intended...). But in the natural order of things, the direction of the companies endeavors being somewhat positive, there will be a tendency to revisit the area of .10-.12., and more concrete news of progress could push us out of the rut shares have been in. I think .15-.27 is not out of the realm of the possible heading into May earnings with any major deal announced.
Has anyone determined if there is an AH QTR today after all? Lot of people will not hold through one, as a matter of principle...
I dunno, but looks like could reverse up from here... Further, oil and market positive reaction to FOMC.
Brilliant idea, but if they hired someone for that it would be perceived as not objective.
I can imagine .15-.27 range short term objectives if positive business trend stays intact. Despite the mischief going on with pairs who short it and bash it on msg boards...
Go merrimand!!!
I don't think the iPhone battery life extension made possible by ASTI Enerplex products is trivial at all. I trade and monitor watch lists from outdoors under some pine trees in the mountains, and the SHORT battery life of smartphones is MAJOR!!!
I so hope you've set this out correctly, Artd. Would like to believe it is as potentially positive as you sketch..
Like your style, micro capturer...
Well, they've got real cajones, talking about a 25 x dilution...
Oh, that's brilliant! I pray you're right!
Well, penknee, if you really love a good train wreck, we really must have a 30-hour picnic sometime, so I can tell you the story of my life - haha.
The average bear is not in this one, IMHO...
Thanks for your analysis on this. May I ask why you were attracted to this stock? Do you think it has any future now, or not? Or do you think that it will take many years for any improvement?
Please explain how you know today's pricing was driven by note holders dumping -- as opposed to new investment (at what must appear to the buyers to be a fair price)?
Are you sure it is only idiot lemmings buying?
Thanks, penknee -- why do they need to raise to more than 2B OS ? -- many comments on this board have suggested 2B is what is currently needed to cover the current convertible debt.
This looks like a get rich quick plan for insiders only, when every pre-existing investor has been savaged, and many or most left without the means to take advantage of averaging down on the new shares -- shares that will be worth .0003 at best if the stock continues to trade proportionate to the dilution. Maybe less, because they will then do a R/S or some other self-serving tricks to get a free ride and fill their pockets at everyone else's expense. Then it will lose 90% of the post R/S value. They should be ashamed of what they have done to shareholders, but they just keep doing more and more of the same...
Also, how could they create these obligations to creditors when the increase in OS that those promises depended, on had never been approved by the shareholders?
Why don't they just pay the 5% interest on the loans and forget about the 25 times increase in OS?
If they have the nerve to even
Propose this outrage, they should at the very least have the decency to spell out in detail how this plan is supposed to increase share value - and spell it out exactly, outlining how they will cut their own salaries if they fail to timely reach benchmarks.