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.
McGregor CFO disposed 8174 shares @ $0,95. But it seems the market doesn't even notice it, like always.
https://ih.advfn.com/stock-market/NASDAQ/pacific-ethanol-PEIX/stock-news/79625960/statement-of-changes-in-beneficial-ownership-4
No, no smart trading. Just holding on. Bought in at the lower levels, and never have seen a moment of red. But even if I would. I wouldn’t care. I’m not here for peanuts. It’s all or nothing on this lottery ticket with a high chance of winning.
Most who get in it know it at the beginning. So it surprises me if those start to moan.
I know, I’m not getting excited over it. But since you called a sell of 2000 shares a big sell, and had you worried about people blaming you, I thought that a buy of 14.000 shares might be enough to make your day.
Nope, not by clicking the link. But on my moblile I get a ‘en’ prefix on the url and if I change it to ‘nl’ it’s in Dutch
“Dutch, if you're posting from the Netherlands, you should be able to see the linked material written in Dutch!
“
Thanks, but is it really you linking to wikipedia as a source for information, or did somebody hijack your account?
Things you already knew and accepted in February 2018
“ I expected a significant risk when I bought them”
“ the potential to multiply in value a year or two from now. “
Seems like getting in for the right reasons, then changing minds because off not having what it takes after all. The balls.
Hey, I got no worries I know what I’m in for. And nothing has changed.
Chances are the same, risk is the same, trading is the same.
I don’t see why somebody see’s the need to worry all off a sudden, when he knew the risk when he bought. And nothing changed since then.
The court has given information on what to change:
https://drive.google.com/file/d/1KSh9Z9DoZ1-p05Hju9i9Mx-7wfXnLUi5/view
“You're reading it wrong.”
We are talking about mainly one bond holder with a value of 16 million dollars. Do you really expect them to put these to shares all on the same ayy and then sell them???
Why would they do that? That would kill the value of their bonds! No they will do it bit by bit, so they get the most money for it and as soon as the price drops, they get more shares.
Making them get more and more shares without them losing money, but the comon share holders will see the price drop. They don’t care. Because they will not keep their shares. Every time they get them, they sell them. And they get new ones once they are sold. So they don’t get 160 million shares, but billions like Kevin stated.
Remember this dillution path:
November 11, 2016, there were 1,413,490,221 shares of common stock outstanding
August 18, 2016, there were 646,024,221 shares of common stock outstanding.
April 22, 2016, there were 204,745,625 shares of common stock outstanding
November 20, 2015, there were 57,021,234 shares of common stock outstanding.
Do you think all of these shares where bonds converted to shares at the same price???
You where saying:
You where talking about today's trading. I was assuming that you talked about day traders, who try to buy as low as possible and to sell during the day. My bad if you where talking about people wanting to hold on longer.
But to go back to my claim....I never said it wouldn't go higher. I was talking about the best buying opportunity and that was obviously lower.
"You cannot say that the price can't rise because during today's trading" where did I say that?
I said: "You can also wait a little, it might come even a bit cheaper."
And so it did. However you said: "The price might rise, too,"
Yes of course, but since I was talking about the moment to buy. I expected you to understand that most people want to buy as cheap as possible, so I told, they get an opportunity to buy cheaper, and they did.
So my answer to that was, "the price disagrees" It went lower, before it went higher. I don't know people who want to wait to buyuntil the price goes higher, do you?
"The price might rise, too,"
The price disagrees.
Absolutely right! Buy Buy Buy! You can also wait a little, it might come even a bit cheaper. However, no not much cheaper.
"So explain to me how the company is in business again"
Like I said, try to read into the litigation. But obviously the reason to not read in to it is bigger.
I'm aware of the history of GERS but I'm also aware of the the reasons for that and of the things that have changed. And most of all, I'm aware of the huge windfall that might come to GERS.
If the risk is to high for some, it's better to stay away. If the trust in the company so small that no matter the opportunity you don't want to be part of it, its better to stay away. If you prefer not to invest in Pink sheets, it's better to stay away.
But if you know where GERS's at, if you like to take a chance to go an investment that has a very high return possibility, if you could care less about the past, but more about the future that will probably happen withing a year, and if you are willing to take a risk, then GERS has a lot more to offer then a Nasdaq company
“KK trying to foist more dilution onto his lenders”
He’s trying to avoid dilution. Keep thinking! What’s in it for him. The less shares outstanding, the larger the part is of the preferred shares. The higher the profit from the lawsuit. Also after the lawsuit, his company will have more value. A win win situation.
“There is a reason why KK stopped filing. “
Yep, there is a reason:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143879589
All BS but no facts. Like I said before to you. Try to read into the lawsuit. But hey, it’s all up to you finally. I know what I’m in for.
“No, they take cases like this all the time”
Name a few cases Cantor Colburn have lost that they took on contingency fee, and that have cost them at least 8 million dollars.
“Your banking on an appeals court ruling... that is a losing proposition, plaintiff denied twice already ... 3 strikes your out.”
It seems like you really should read into the appeal a bit more.
Then you would know why GERS lost with previous courts, and why this is very different.
Reading the appeal letters would really help you understand the weak position of the defendands.
You would also see why these judges will come to a different decission.
And also you would know why the #3 patent law firm in the U.S. Is risking 8 million dollar to defend GERS in this case.
Don’t you wonder why Cantor Colburn would risk that amount of money?
“somehow Kessler got ATIS to pay him $18mm for garbage”
In other words, you don’t know anything about what is going on for real. You don’t know why GERS is worth 18 million. And instead of wondering how GERS managed to survive without dilution. (Can it be they had a reasonable revenue?) you just say they are frauds, but you got no proof for that.
No problem, just keep ignoring the windfall that most likely is coming. Those owning GERS shares will be happy to receive that money.
“who’s paying the legal bill”
Like I said, it’s clear you aren’t following the case:
“Cantor Colburn LLP ("Cantor") and the Company entered into an amended agreement pursuant to which Cantor agreed to accept 15% of any recoveries from the Company's pending patent litigation in excess of $3.6 million per year in exchange for all services rendered to date and moving forward.”
https://www.sec.gov/Archives/edgar/data/1269127/000109690616002062/greenshift.htm
“Thanks, but still wondering what it is called when a stock goes from around 24 cents to just over a penny. A reverse 20-bagger?”
A great buying opportunity!
“assuming that Greenshift wins the lawsuit outright, any royalty payments made from the infringing companies to Greenshift will be diluted (from the POV of the shareholders) by the payments that the Greenshift Corporation will have to make to its' own lawyers.”
You know that Greenshift has a deal with Cantor Colburn that takes care of that.
“Cantor Colburn LLP ("Cantor") and the Company entered into an amended agreement pursuant to which Cantor agreed to accept 15% of any recoveries from the Company's pending patent litigation in excess of $3.6 million per year in exchange for all services rendered to date and moving forward.”
https://www.sec.gov/Archives/edgar/data/1269127/000109690616002062/greenshift.htm
Now read this post, and find out what might be waiting beyond that horizon:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132476415
“In the past I have posted a conservative estimate of the amount of a settlement based on C&C's decision to convert to a 15% contingency fee and rebate the $8,433,388 to KK. You have seen this before:
Next, Cantor Colburn LLP ("Cantor") and the Company entered into an amended agreement pursuant to which Cantor agreed to accept 15% of any recoveries from the Company's pending patent litigation in excess of $3.6 million per year in exchange for all services rendered to date and moving forward. The Company recognized an $8,433,388 gain on extinguishment of debt upon the write-off of all accrued legal fees.
What follows is a less conservative but more likely estimate. Add into the $8.43 million a reasonable estimate of the billing fees they would have generated "moving forward". We know from previous older filings that these averaged $50,000/month. We are now 18 months out from the agreement -- therefore add another $900,000 (18 x $50,000). This brings the total to $9,333,388. But this is an underestimate as the pace of legal costs would have picked-up considerably during the last several months of negotiations. For convenience I am going to estimate the amount that C&C was risking on their decision to take contingency fee over the course of the litigation as $10 million.
A little algebra and we can estimate the amount that the settlement would have to be for C&C to just break even. Assume the settlement is paid out over only two years. Clearly the above anticipates at least that long (in excess of $3.6 million per year). Let X be the total settlement then 0.15 x (X - $7.2 million) = $10 million to just break even. X = $114.67 million. Now that is to just break even.
There is always a risk in these proceedings that GERS will get nothing; that risk must be built into the expected settlement to justify gambling with $10 million of C&C's treasury. What is that risk that they included in their calculus? Your guess is as good as mine -- I will assume 20%. If that is the case, C&C expected, at a minimum, the settlement to be 1.2 x $114.67 = $137.6 million. Again, just to break even, I expect C&C envisioned doing more than break even; let's estimate the total settlement as $150 million.
You estimate the OS count as 25 million. I believe that it is lower as the reason KK stated that they needed the R/S was to avoid penalties associated with selling stock near Par value -- NOT that the authorized share level (AS) was being met. My estimate is, at a maximum 20 million, up from the last reported OS count of 14.2 million. I think it is lower than this as we have seen little evidence of dilution, but 20 million is a safe estimate.
What is the purpose of this exercise? We can now make a reasonable estimate of the value of the total settlement per share (I still think it is conservative but it is defensible). That estimate is $150 million/20 million or $7.50/share.
Now, I ask you when KK gets on his mountain to crow about his HUGE WIN and vindication and the $7.50/share figure hits the news services, do you really think that the GERS' PPS will remain in the pennies?
If this estimate is any where near correct what would you expect to see for the PPS during the time delay between the announcement and receipt of the first installment of the funds (before KK gets his hands on the money)?”
I’ve been holding GERS since the last RS and I have only been in the green since then.
It’s clear you haven’t been following the lawsuit. It is the final appeal. I recommend you read into it, begore making any judgements.
“10 yrs in litigation says it all, GERS will never win the infringement case”
Feel free to think so. It might be a disappointment for you when the final word is spoken later this year or at the latest next year.
That’s what I’m saying. It’s spot on!
That’s what I’m saying. You’re spot on, again!
“I wish you had it, too” yes, then we both could get rich and be best buds, wear matching T-shirts and share a drink!
"Because the price has always been higher since then, the people who bought last Friday made a wise decision. As long as the trend is bullish, this wisdom can't be seriously questioned."
The people who bought last Friday and sold within a week even much wiser decision. And maybe even bought at 1.02 today and sold at 1.05 again. But I suppose you agree that not everybody had that wisdom in advance.