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Any idea why up 18% in Stockholm?!
https://qz.com/1001650/hedge-fund-billionaire-paul-singers-ruthless-strategies-include-bullying-ceos-suing-governments-and-seizing-their-navys-ships/
...Or maybe we get to ride the Elliot coat tails for a good while and a good profit.
From the Investopedia link:
"Companies generally offer rights when they need to raise money...
The benefit to a company of raising money through a rights offering is that the company can bypass underwriting fees.
...The benefit of a rights offering to shareholders is that shares are generally offered at a discount. Sometimes this discount can be quite steep, it all depends on how much a company feels it needs to encourage its shareholders to participate in the rights offering."
If their goal was to push us or Elliot out why would they price it at such a discount?
Happy to hear thoughts from others as I also don't know much about corporate finance.
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I don't think us retail investors matter to GE. Elliot is the block to full ownership not us. I actually feel like we lucked out to still have a chance to be invested because of Elliot. As much as I would love to be invested for a long time further, it seems we are on borrowed time, or at least it's really not in our hands how long we have the opportunity to be invested. It's up to Elliot and perhaps to GE if they can find a way to push them out of make an offer that convinces them to take it. And I wouldn't blame GE for trying. We're just along for the ride at this point.
To me the question we are not asking enough if we want to know how this may play out over time is what are Elliot's intentions. We never had a clear explanation for Elliot blocking ge. Was it simply as a good investment? Was it because of their interest in preserving access to the tech for their investment in Alcoa as someone suggested? The answer is critical to the big picture.
Perhaps we should try to contact Elliot and see if we can get any info from them on their view of the situation. Long shot but worth a try.
I just payed more attention and saw the preferential shares are for 240 SEK! That's quite a discount, amazing.
I don't think that is possible unless Elliot chooses to not subscribe to maintain over 10%. But it could get them a slightly higher percentage assuming not all of us little guys fully use our subscription options.
Wow. I'm ready to start adding again even at this near high.
Great detective work as usual, thanks
Neat! Do you know when those posts were from?
The color was what didn't look familiar. thanks for the info
Hmm, good eyes, thanks for explanation. It still looks like the final product has those line type pillar thugs that is then removed which is what I remember seeing when is visiting disanto. But the imagery of the laser and the falling away powder seems to certainly point to a hybrid with what you are saying. Also, that machine looks a bit different in general design wise no?
That animation video was awesome, hadn't seen it, thanks
Not sure I understand the question, I see an arcam machine at that point, didn't we know rolls Royce was a costumer of arcam? I may be missing what you're getting at
I feel more secure in the investment than previously. I have been in for 4+ years. I have a lot in and in retrospect feel like it was more risky than i let myself believe in time before ge bought in. They may not have been able to grow fast enough despite unique technology. I was then nervous about holding through ge purchasing as it was a confusing situation. But now I feel secure knowing that ge can resource arcams growth in a way that allows it to industrialize. I have a bit of ambivalence around not knowing how ge relates to not having full ownership, and the new ge ceo adds a new X factor, but I don't see them changing course right after purchasing. I am looking for ways this stock doesnt go up significantly in next few years and having hard time coming up with that scenario other than market in general tanking. Happy to hear other thoughts though.
I'll buy it if needed to push us over. We could do one a day up to 50 and make the stock go wild lol
The volume is so minimal it doesn't take much to move the needle. Just sell a friend one share for 40 and you'll get your wish lol
Yeah not sure what that's about. Also thoughts on apparent intent to dilute? Could this be a way to push Eliot out?
The Annual General Meeting resolved to authorize the Board of Directors to, on one or more occasions before the next Annual General Meeting, resolve on issues of shares with pre-emption rights for the company’s shareholders (rights issues). The aggregate increase in the share capital under the authorization shall not exceed SEK 5,000,000.
This is good. Hard to see how it isn't just a matter of time until orders and PPS take off.
Thoughts?
The Board of Directors have received a proposal from the shareholders Elliot International L.P. and The Liverpool Limited Partnership, that it is resolved to distribute profits in accordance with Chapter 18, Section 11, of the Swedish Companies Act.
Item 15 – Resolutions on minority shareholder proposals in relation to (a) engagement of an independent financial advisor and (b) establishment of an independent clearance committee
15(a) Engagement of an independent financial advisor
Shareholders Elliot International L.P. and The Liverpool Limited Partnership proposes that the Annual General Meeting resolves that ”an independent financial advisor is retained in order to review and document the corporate benefit of the company (and its subsidiaries) in relation to any contemplated or effective agreements, transactions, sales, resource transfers or collaborations (including but not limited to intellectual property and research), and any other co-operations with closely related parties of the company.”
15(b) Establishment of an independent clearance committee
Shareholders Elliot International L.P. and The Liverpool Limited Partnership proposes that the Annual General Meeting resolves that ”an independent clearance committee is established in order to, on a case by case basis, handle issues relating to disclosure of information from the company (and its subsidiaries) to closely related parties and determine if such disclosure of information can be made in the best interest of the company and all its shareholders, and in order to review and approve, under the condition of satisfaction of corporate benefit on strict commercial terms and arm’s length terms without disadvantage to any shareholder, any contemplated agreements, transactions, sales, resource transfers or collaborations (including but not limited to intellectual property and research), and any other co-operation with closely related parties of the company.”
I imagine those ads ads targeted for people like us that have searched the words "arcam" etc, doubt they are that ubiquitous.
Interesting
Karl Lindblom appointed General Manager of Arcam EBM
To effectively drive the continued growth of Arcam, the company's EBM-business will be separated from Arcam AB and placed in a new unit, Arcam EBM. Head of Arcam EBM is Karl Lindblom, who begins on April 3.
Arcam EBM, based in Mölndal, Sweden, comprises development, manufacturing, sales and support for Arcam’s EBM systems products. In addition to the Mölndal facility, Arcam EBM has sales and service operations in England, Germany, Italy, USA and China. The EBM organization includes about 150 employees.
Karl Lindblom has more than 25 years’ experience with Swedish based international,
industrial businesses, most recently as CEO of Hägglund Drives and Head of Bosch Rexroth Nordic. In addition to a solid background in corporate management, Karl brings experience from sales, product management and support as well as experience from working in large international organisations. Karl Lindblom has a M.Sc. from the University of Linköping.
"We are very pleased to welcome Karl to Arcam EBM. Karl strengthens our management to further accelerate and grow our EBM business",
says Magnus René, CEO of Arcam.
Hope you are right
Yes worked out. More activity then in a while, good to see there can be movement in the ge era. Hard to see how it isn't going to go up once ge starts purchasing higher quantities of machines.
Lol. Given that it's up 13% in Sweden seems a good chance to catch up a bit tomorrow. And if not would be strange for it to go other direction so seems decent bet to me. But who know with low volume what's what. I agree long term feels less risky for dive. But the strange stock situation always leaves me uneasy. But I'm in long...
I also just bought AMAVF shares guessing the gap will close, surprised it hasn't, bought at 35.82. Seems like great opportunity but who knows
Nothing like being in person and talking to people to get a sense of what's going on. I'm sure you'd learn some things and we'd all be happy to hear
Pdb, you have valuable insight and analysis to contribute to this board. The negative comments about others opinions that are regularly interspersed with your analysis takes away from what you have to offer. I respectfully invite you to consider sharing your ideas in a less argumentative fashion. We would all gain more from your contributions. Sincerely, aef
I was confused by pdb commenting on his own post as well, thought maybe in missed something...
And a happy Chanukah. Overlapping this year. Best to all.
One question, why do you think most of the large institutional owners sold if this remains such a good investment? Perhaps just they took earnings and want to apply their money elsewhere and said ok this story is about over one way or another and why hold out against Goliath?
Can one of you translate into English what the blockchain concept is for us laymen?
Yes ge saying they plan to need 1000 machines in house and to sell 10000 makes clear that aren't going to keep the tech for themselves
Wild. We will loom back and laugh that we used to build things and ship them across the world.
I would guess the pps will we very erratic, stagnation and jumpy moved. It already had a small float and now super super small. Was like 2500 shares traded on adr Friday, like 10 trades or something. All depends on a couple people who decide to buy or sell on a given day. It's an odd situation. I am happy there is at least a little trading and to know it's possible to sell some if desired. Wouldn't take much for the price to jump or dive big with a scare or piece of good news.
One fundamental question. If at some point Elliot sells to ge and finds a way to get to 90, what price would ge be required to give remaining shareholders to buy out? Just whatever pps is at time?
At least I am in good company. Will be very interesting to see how this story plays out
Sold some and tendered some previously, still holding most, meant to tender more but lost track with thanksgiving. I guess I am in for the long haul! You?
Sorry to hear. Looked at his account and see he had about 13 stocks he followed, you may want to see if she is aware he may have held those stocks too.
A long long time ago I remember conversation about commission fees in different brokers, don't recall if he was part of that but quite possible. I see he has like 3000 posts though so a lot to skin through.
Never got to saying it but while o didn't know him besides he board I appreciated his voice in this little "community ". May his memory be a blessing. And hopefully there are some nice gains for his family once they figure out where it is.
Why ge stock rather than another cash buyout? My question is whether this could somehow end with a forced buyout at a low price once ge eventually gets 90%. Say in a year the pps is lower, could ge make a separate deal with Elliot and stick holders with market price buyout?
While I love the idea of long long term holding and believe in the tech and it's future seems assured, I just doubt GE will allow us to hang around that long. My guess is they find a way to get to 90 and buy us out before too long.
Kr, I am still struggling with the question of holding. Sold some and tendered some but still need to decide on majority tomorrow.
I have always been in this for the long game, holding like 5 years now. I have no doubt if we could stay in it long term it's going up. Just feels like so much unknown how this plays out.
Do you envision a long term scenario where ge doesn't get full ownership?
One thing I don't understand as well is if they could make a deal with Elliot in a year or two and not give that deal to others they buy out. Looked that way in the current offer - that they can make side deals.
on another note, I'm not so sure as others it will be easy to buy back in. If super low availability maybe actually hard to buy shares at near this price, who knows.
The question that comes up for me is not if it's a competitor but if it's someone who thinks it's a good investment to hold shares post tender
Interesting. What do you make of it?