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Yeah, this stock seems a ticking time bomb waiting to go off to the North. The only people exiting are those who do not want to wait for news. Retail exited the market in a big way when the Apollo deal was cancelled, but major shareholders have held. This is a good sign. What will be incredible to be in on is the pop in share price if good news hits soon. I'm guessing there will be very few shares available to buy under $1.20, so if volume comes in at news, this thing will skyrocket quickly. Some are in this stock to flip it day by day, but they are quickly finding there is very little monetary advantage to this. Since the loan "default" is already substantially built into the current share price, there is very little downside potential here, and a huge upside potential.
I called Prospect Global Resources yesterday, and in the phone conversation with the receptionist she mentioned Damon and Greg were in Los Angeles and would get back with me later regarding the two questions I asked, and she mentioned she had been working for the company 2 days (she probably started this past Monday), and when I asked to speak to Brian Wallace, she said, "Brian doesn't work here anymore; he just left the company."
Why do I mention this? I mention it for this reason: it just occurred to me that no one asked the receptionist to keep silent about Brian leaving. She spoke about his leaving to me as though it was no big deal at all. Most certainly his leaving is not at all negative; at worst it is a non-event; at best it is a move which will enhance the company's performance and save them money (they don't have to pay his position).
I take it as a very good thing. I talked with Brian on two occassions and was less than impressed. Moreover, with Damon Barber in place, all staff not fully on board with his agenda to restructure the relationship with Karlsson and finance the loan, and get the mine into production, will be shown the door quickly. I s like the decisiveness taking place, and taking place quickly. For me this is all very good news. Those not on board with moving the company forward in the direction Barber sets should leave, and when they do the company and the shareholders are better off with their leaving.
Choo Choo said it well. Also, don't worry about low volume at this point. When big sellers hit the bid and drive the price down, you can pick up a few cheap shares. Otherwise we are playing the waiting game, waiting for news, which I don't believe will be far down the pike. I would not be at all surprised if by the beginning of May this stock was trading back in the range of $1.00-$1.50/share. And if the restructuring and financing news is better than expected, then it will probably trade upwards of $2.00/share.
I can't answer that; I don't know. I hope not. Try giving him a call at their office: 303-990-8444. I called yesterday but the receptionist said Damon and Greg Dangler were in Los Angeles. I cannot remember when she said they would be returning.
We are awaiting news. Those who are out are out; those who are in are in. Now we need news from Barber concerning restructuring their agreement with Karlsson and financing.
Who is selling tons of shares yesterday and today at these prices? Can you guys tell who it is?
Fair enough...I'll pretend I'm comforted, though it's a strange sort of comfort, based on ignorance, which most would call presumption...but I'll pretend it's comfort. Maybe we can change the old saying, "Ignorance is comfort." Sorry for the sarcasm. LOL! I really appreciate this board and the diligence which has been posted on it. Whether or not we agree on what is and is not helpful information for investors, I like WDDD and plan to be here for sure through June 28. Cheers.
Crystal. Just don't be surprised if people stop listening. Writers must acquire credibility before their readers will ascribe to them believe-ability. You're hurting your credibility, that's all. I'm not saying this disrespectfully, though I'm sure it has come across so. For that I apologize.
Joe,
I think we got it. Congratulations on your coincidental find. We are very happy for you. However, since you cannot share the information, it is not helpful to anyone for you to say you know something of which you cannot tell anyone else. Again, congratulations. If you cannot share it, then please keep it to yourself lest some people be persuaded to invest because you believe you've discovered something which, if others knew of, would cause them to invest, but of which you will never inform them so they remain unable to make a decision for themselves rather than simply "taking your word for it."
Tink
Folks,
"He said, she said" arguments aren't going to get anyone anywhere. What this board needs is "bottom line" (money) information regarding Koma Unwind's retail future, and there is a way to find out: call the stores. Lazily perusing this board and firing off a message is not the way to gather information. A few months ago I called upwards of 60 stores to find out HOW Koma Unwind was selling in each store. The answer was definitive and univocal, with the exception of one store. After hearing what I heard over the phone from grocery clerks and store managers, my decision concerning whether or not to remain invested with BBDA was a no brainer. "Google" the Walmarts and chain stores which carry Koma, and then call at least a couple dozen of them. It will take you a few hours, but if you are at all considering investing in BBDA, it will be well worth your time. I won't tell you what I found out lest I be accused of bashing or pumping, but what I found was unquestionably helpful. The future of BBDA depends nearly entirely on Koma Unwind sales; therefore, due diligence ascertains how it is selling.
Joe,
Then with all due respect, and I respect what you write, if the information of which you speak cannot be disseminated in any form, not even a confidential one, it would be most beneficial not to parade your knowledge of it around on this message board. I know you didn't intend this, but it sounds like you are saying, "Nah, nah, na nah nah; I know something ya'll don't." I'm glad for you that you know it, but if you cannot let anyone else know, and therefore no one else can benefit from it, why did you tell us you know it in the first place?
Respectfully,
Tink
If what he told me was just a hunch, I wasn't planning on going after that. If it was solid information I would invest accordingly.
I was heavily; I'm not anymore and don't plan to be unless something which I discovered changes drastically. It could change, and for the sake of current shareholders I hope it does change. Best to investors.
There is a way to get to the bottom of Koma Unwind's retail future: call the stores. Lazily perusing this board and firing off a message is not the way to gather information. A few months ago I called upwards of 60 stores to find out HOW Koma Unwind was selling in each store. The answer was definitive and univocal, with the exception of one store. After hearing what I heard over the phone from grocery clerks and store managers, my decision concerning whether or not to remain invested with BBDA was a no brainer. "Google" the Walmarts and chain stores which carry Koma, and then call at least a couple dozen of them. It will take you a few hours, but if you are at all considering investing in BBDA, it will be well worth your time. I won't tell you what I found out lest I be accused of bashing or pumping, but what I found was unquestionably helpful. The future of BBDA depends nearly entirely on Koma Unwind sales; therefore, due diligence ascertains how it is selling.
Joe,
I just unexpectedly freed up $102,000 as of next week Tuesday, and am looking for a place to invest it for about 24 months (either stocks or real estate). Would you mind sending me a PM regarding the information of which you speak? If the information is pertinent I'd throw this money at WDDD next week. As usual, what you write me in a PM will be deleted immediately, never repeated, and not disseminated.
Thanks,
Tink
Well said.
I hope the VRNG shareholders fare well, but it sure does seem like an uphill battle for them at this point. Even with really good news like today the share price does little. Many of the folks there are trying to get out at even rather than at major losses, so the share price is held way down. Also, there are some nasty shorts over there raining on the parade. Again, I hope they fare well; there are some very honest and thoughtful people over there whom I respect greatly (especially JJ Seabrook). All in all, I think WDDD has a far greater chance of tripling or quadrupling than does VRNG, and that's why I am here. VRNG's market cap. is already rather large, so news is not a major catalyst as it only validates the value rather than raise it. Looking forward to WDDD's Markman hearing June 27th!
I agree with your assessment. Although VRNG was just halted...maybe the Judge ruled!
Look for a few to exit and go over to VRNG in anticipation of the Judge's ruling on the royalty rate which will come anytime after 22 days from day. I suspect many who exit WDDD between now and the Judge's ruling on VRNG will come back to WDDD soon after the ruling.
JJ, is the news we've just received good or bad?
TIA
Why is the share price dropping right now? Shouldn't it be going through the roof?
There is no timeline as far as I know. But the company desires to remain listed on the Nasdaq, which requires a minimum $1.00/share price, so it would not be a stretch to expect the announcement of something by the end of the month as I believe the Nasdaq gives companies 45 days to amend the share price.
Get in while you can folks, and know why you're here:
1. The news of a restructured agreement between PGRX and Karlsson;
2. News of how PGRX intends to acquire financing.
Once these have been announced, you'll be handsomely rewarded for your investment.
A great day for buying! It appears a few panic sellers want out; let them out. It will only make things stronger as the stock moves up in anticipation of news concerning restructuring the agreement between PGRX and Karlsson.
Another day in the continuing saga of PGRX trying to climb back to $1.00/share. Yesterday's news was good whether or not the market thought it so. Being in active negotiations with Karlsson Group means they are talking face to face, thus giving our new CEO, Barber, a chance to put his abilities to work.
I'm already heavily invested, but part of me hopes the price dips via a huge seller tomorrow...I have a bunch of funds which I can use to purchase tomorrow. So for those of you who want to get out, can you sell to me tomorrow at about .35/share? I'd really appreciate it!
If the re-negotiation news comes simultaneous with a good plan for financing, this stock could quite easily return to levels above $2.20. They have a 2 billion dollar contract if they can find a way to supply it! This is a great opportunity: they have plenty of demand, and therefore have no need to market the product...now all they need is to figure out how to supply it. This is a great situation to be in, a much better situation than to have stockpiles of a product sitting around with no buyers.
Well, it looks like we've found the bottom of this stock. Almost no one is selling anymore. All we need now is a catalyst such as "the terms of our contract with Karlsson have been successfully re-negotiated" and we'll be back somewhere in the neighborhood of .8 to 1.2 per share. I'm expecting we'll get some news within the next 2-3 weeks. Now is a great time to buy; catalysts should show up fairly soon.
According to the most recent 8k, Prospect Global is in negotiations with Karlsson Group in order to restructure their obligations toward them. This is great news. Once they restructure they will know what kind of financing they need; and I'm sure their very busy acquiring financiers as we speak. Once terms are re-negotiated with Karlsson buyers will come back in.
Time to load up before the weekend! There is a chance we hear something about financing prior to next week Monday.
There is no reason for the price to be this low. Once the panic sellers are done this should be back in the low .50's or high .40's. The news was bad, but not this bad, and in a couple months the price will be back up. Also, any news from the company regarding fixing the issues and this price will shoot up. Be patient.
Chart will have very little to do with the share price in a couple weeks; the share price will either drop or go through the roof on the basis of a financing announcement. The news, if I am correct, will have to come out by April 2 or soon thereafter. We have an exciting couple of weeks ahead of us!
No idea.
204,000 on bid at .475!
Patience folks. If you're in this stock you're waiting for one piece of news: financing. The fluctuations in price prior to news of financing are immaterial, really.
Yes; see my prior post.
Give these guys a call; it might be worth your time.
Greg Dangler – VP Finance
Brian Wallace – Chief Operating Officer
1401 17th Street, Suite 1550
Denver, CO 80202
Tel - 303 990 8444
Fax - 303 990 8440
I called Brian Wallace, the Chief Financial Officer, yesterday, asking him particularly of the hope of financing mine expansion. He said there is indeed hope, but in his own language he could neither tell me about the financing deal nor tell me the timing of any such announcement. I took this as a fairly good indication something is in the works which will be announced as soon as the deal closes.
That is wierd. Where do you get that Prospect has such a large market cap? Online it shows, at the current price of $.35, a market cap of about 25 million with 72.6 million shares. Thanks in advance.