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.
Well, folks, I gotta tell ya' -- the fact that a company that lost $45 Million is getting so much positive attention... Well, I tell ya WHAT -- it makes me feel a whole lot better 'bout myself!
-- John Wayne
We need Richard Branson to get interested.
I don't know, but if I had to guess, best case scenario:
Some people will allow that the trend is in the direction of progress, and that it might possibly go to .12- .18 in the coming month.
Djpope - I really like your posts; breath of fresh air...
I've seen good companies transition to OTCQB due to collapse of oil prices, whose management chose to stick with their strategic plans, rather than deviate to an inferior strategy just because of NASDAQ's completely arbitrary time frames. One case share price recovered magnificently in only a few short weeks.
All good points. To the courageous (sometimes) go the spoils!
It seems that the bottom line is not worse than it was when the stock was devalued to 5 cents. The probability of contracts is nearer. Sales are growing. Friday AH news was a bucket of cold water thrown on the hottie of the day, However, Let's see what happens if a major contract is announced in next few weeks.
Thanks, I hope to take a position and only feared the banks would be "nailing them to the wall", so to speak. I liked this mgmt when I studied them 2009. They may have done the smartest thing...
$496 million plus 5% interest in loans is "pocket change"? Really? When the bank suddenly wants to redetermine the loan amount in this environment? You think they don't know oil prices may fall or be stagnant for months, even though people on iHub message boards do?
I am ignorant of the real significance of this big loan draw and bank's reaction, but it does seem worrisome.
I read somewhere that one third of oil producers are estimated to risk bankruptcy at some point because of the oil bust. I would consider those trading below $5-10 per share to be first on the chopping block.
I saw this as s great buy in 2009 and watched it grow from $4 to ?? - more or less a 10 bagger ... but near future prospects I am most uncertain about since this recent news.
"Whatever is going on with Ascent, I hope that it is Good for the business and investors alike and is something that can and will provide sustainable growth for the Company. It's time is well past due. "
Very much agree these sentiments.
Yes, surprising strong close as if many expected or feared to be left out of s big gap up Monday morning. However, the content of the ER published after-hours confused me because 1) the strong run up was before the 'news' release and 2) the $45 million loss, though less than last year, was hard to interpret as justifying a doubling in current share price. One can only conclude perhaps, that even with current debt levels, and still being far in the Red, some saw the PR early and concluded
the stock was oversold in 5-6 cent range. Many of us had that sense without any PR. But I'm not certain about rocketing above 20 cents with annual loss 45 million.
So, we are to expect a new and different quarterly earnings release next Thursday, is that correct? I think what was released AH Friday must have been published much earlier somewhere else, like, the night before, to explain the behavior Friday. Or else an 800 pound gorilla suddenly decided they were hungry for 20 million shares, and wasn't worried about the price because the zoo keeper was paying for them.
Me, too!!!
I think there are some who run a stock up the few days before earnings, and a lot of algo trading that can drive a modest gain up disproportionately. A lot of traders don't like to hold over s weekend, and many do not like to
Buy just before earnings. So the steep rise on a Friday was surprising. If there is s big PR coming out next week other than the QTR earnings, then how is it that some knew it on Friday? Low prices = easier manipulation. Any who sold Friday may regret it when it runs to 15,20 or more, but one cannot really criticize anyone for deciding to take money off the table after a 65% rise in one day. Shareholders have been in purgatory on this one. Can't blame them for walking out the exit door when it's finally open.
Makes no sense
Thank you, I look forward to that presentation.
You've got messages mixed up: I wasn't bashing the stock, and I was not late to the party. I was remarking on the irony that only Thursday, many felt buying above 6 cents was too risky. A day later, seems like those prices will never be seen again.
Was just pondering that relation, but I think oil up is good because recent volatility so extreme that hi oil will cause exits and the $$ looking for new homes that don't move so wildly.
Hei5enberg, did you check out if you can trade directly through iHub? I just noticed today on the Monitor (list of stocks mode), that if you swipe to the right then the option "Trade" is offered. I do not know how it works but I think they are not HQ'd in USA.
I like that analogy...
Porky, is your read of this oddly timed ER, that they only lost 45 million instead of a lot more?
Has anyone figured out the Confidential Treatment order from Feb 3 -- what it was all about?
I, for one, am enchanted with your idea of a return to $1. I think it's the most brilliant idea I've heard in ages, and it's a pit you are probably not running for public office, because I you would certainly get my vote!
If this ever returned to $1, I would have a new lease on life. I'd buy a house with a fenced yard, and get two great dogs to run and play in it...
A nice dream...
Hmmm... Fall back to 8's...
Remember the good ole days when we could buy them for less than 6?!?
I think you're right. I am just very grateful for what happen today, and if we get to low teens before earnings, and then earnings are okay, I think it can crawl back to 20-30's. But beware sudden brief spikes in this one. Can still be good long term if one does nothing through them, but if one is trying to compensate for major losses in this or other stocks, then the ultra short term behavior during and after spikes deserves close study and quick reactions perhaps.
But maybe stronger now in fundamentals and prospects to compensate?
Keep that thought!
September 1-2, 6 months ago, ASTI moved from .10 to .35 in only 2 days.
Since then, their earnings improved slightly and they are better positioned for government contracts now...
What do you mean?
When reached above 8 today, then pull back below, same above 9, but it is natural behavior and I think can continue to do this around every 1 cent gain upward to 15, 20, maybe even 25 cents. Wouldn't that be lovely?
Hope you're right, too!
"It is either a SHORT Squeeze or news we dont know about yet"
Or cessation of the deliberate suppression...
"$ASTI .08 clean break could see .12"
Yes.
Break above .12 will take us to .1388
Above that, can reach .18-.20
When ROYL broke out of 8 cents, it got to 14-16 cents for few days, then exploded back up near its pre-OTC traditional range above 55 cents.
Two totally different companies, but an example of what can happen in only 3-4 weeks.
Which two? Please be specific.
Only thing is clear: they created a field of cow patties so vast, it should be sufficient to fertilize their hemp crops for all eternity...
Really!
Dunno... That's a small percent of current shares, and it looks like the cash payout liability may be already priced in to this utterly devalued stock?
If you read my post again, I said, use conditional orders -- these are not visible to most MMs until a near range target is activated. In other words, those Conditional orders based on limits are not visible until your target is nearly there. Not perfect, but a useful tool if one has a day or two when one cannot be watching the action every 5 minutes.
I am well aware the abuses that occur if buy or sell orders are visible to anyone. That is true enough! Indeed.
China Sunergy Announces Receipt of Delisting Notice
Source: PR Newswire (US)
NANJING, China, March 9, 2016 /PRNewswire/ -- China Sunergy Co., Ltd. (NASDAQ: CSUN) ("China Sunergy" or "the Company"), a specialized solar cell and module manufacturer, today announced that it had received a letter from the Listing Qualifications Department of the NASDAQ Stock Market ("NASDAQ"), on March 3, 2016 (the "Letter"), informing the Company that it failed to regain compliance with the Listing Rule related to the maintenance of minimum Market Value of Publicly Held Shares ("MVPHS") of US$15,000,000 within a compliance period of 180 calendar days.
As previously disclosed, on September 3, 2015, NASDAQ notified the Company that for the previous 30 consecutive trading days, the market value of its publicly held shares had been below the minimum $15,000,000 required for continued listing as set forth in Listing Rule 5450(b)(3)(C) (the "Rule"). Therefore, in accordance with Marketplace Rule 5810(c)(3)(D), the Company was provided 180 calendar days, or until March 1, 2016, to regain compliance with the Rule. However, the Company has not regained compliance with the Rule. Accordingly, its securities will be delisted from The Nasdaq Global Select Market. In that regard, unless the Company requests an appeal of this determination, trading of the Company's American Depositary Shares will be suspended at the opening of business on March 14, 2016, and a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on the Nasdaq Stock Market.
The Company is considering whether it will appeal NASDAQ's determination to a Hearings Panel (the "Panel"). A hearing request will stay the suspension of the Company's securities and the filing of the Form 25-NSE pending the Panel's decision. If the Company does not appeal NASDAQ's determination to the Panel, the Company's securities may be eligible to continue to be quoted on the OTC Bulletin Board or in the "Pink Sheets."
For more information, please visit http://www.csun-solar.com.
Contact Information:
China Sunergy Co., Ltd.
Wang Zhuo
Phone: + 86 25 5276 6696
Email: ir@chinasunergy.com
Safe Harbor Statement
This announcement may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts in this announcement are forward-looking statements. These forward-looking statements are based on current expectations, assumptions, estimates and projections about the Company and the industry, and involve known and unknown risks and uncertainties, including but not limited to, the Company's failure to maintain its listing qualification due to, among other things, volatility in the Company's ADS price; the Company's ability to raise additional capital or renew existing bank borrowings as they become due to finance the Company's activities; the Company's customers' financial condition and creditworthiness, and their ability to settle accounts receivables; the effectiveness, profitability, and the marketability of its products; litigations and other legal proceedings, including any decisions by the US International Trade Committee and Department of Commerce on the petitions filed; the economic slowdown in China and elsewhere and its impact on the Company's operations; demand for and selling prices of the Company's products, execution of our strategy to expand into downstream solar power businesses, the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the Company's ability in maintaining its liquidity; the period of time for which its current liquidity will enable the Company to fund its operations; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; future shortage or availability of the supply of raw materials; impact on cost-competitiveness as a result of entering into long-term arrangements with raw material suppliers and other risks detailed in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-sunergy-announces-receipt-of-delisting-notice-300233226.html
SOURCE China Sunergy Co., Ltd.
Copyright 2016 PR Newswire
Good question!
Need a bunch of the eternally faithful to bite the bullet and buy above .06
Made my day, porky.