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Always the same...
They put out a bunch of vapid PR (the PUMP) and hope it will buffer the negative impact of the real news...in this case. today's financials (the DUMP).
They are TERRIBLE...as usual. Has this company EVER made a profit?
MORE SHORT COVERING... this is and ATM !!!
ANOTHER NAIL IN THE COFFIN?
VANCOUVER, Oct. 21, 2015 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT / Nasdaq:WPRT) ("Westport"), engineering the world's most advanced natural gas engines and vehicles, announced today that the proposed merger with Fuel Systems Solutions, Inc. ("Fuel Systems") has satisfied the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976. There is no further antitrust clearance required to close the transaction.
As announced on September 1, 2015, Westport and Fuel Systems have entered into an Agreement and Plan of Merger (the "Merger Agreement") to combine their businesses through merger. Pursuant to the Merger Agreement, Whitehorse Merger Sub Inc., a newly formed, wholly owned subsidiary of Westport, will merge with and into Fuel Systems, with Fuel Systems surviving the merger as a wholly owned subsidiary of Westport. As consideration for the merger, stockholders of Fuel Systems will receive a fixed ratio of common shares of Westport.
The Westport common shares to be issued pursuant to the Merger Agreement will be issued pursuant to a registration statement on Form F-4, which has been filed with the SEC. In the Form F-4, Westport is providing, among others, certain forward-looking financial information and financial outlook information which is subject to the risks, qualifications, assumptions and other cautionary language set out in such Form F-4. Readers are encouraged to review such cautionary language carefully.
ASK YOURSELVES !!!
It has begun to climb, and yet nothing has changed...???
They still can't sell the pipeline or close the JV... the same situation as last week !
There needs to be a serious, positive news event/catalyst to reverse this trend.
ANOTHER PUMP !!!
VANCOUVER, Oct. 21, 2015 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT / Nasdaq:WPRT) ("Westport"), engineering the world's most advanced natural gas engines and vehicles, announced today that the proposed merger with Fuel Systems Solutions, Inc. ("Fuel Systems") has satisfied the requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976. There is no further antitrust clearance required to close the transaction.
As announced on September 1, 2015, Westport and Fuel Systems have entered into an Agreement and Plan of Merger (the "Merger Agreement") to combine their businesses through merger. Pursuant to the Merger Agreement, Whitehorse Merger Sub Inc., a newly formed, wholly owned subsidiary of Westport, will merge with and into Fuel Systems, with Fuel Systems surviving the merger as a wholly owned subsidiary of Westport. As consideration for the merger, stockholders of Fuel Systems will receive a fixed ratio of common shares of Westport.
The Westport common shares to be issued pursuant to the Merger Agreement will be issued pursuant to a registration statement on Form F-4, which has been filed with the SEC. In the Form F-4, Westport is providing, among others, certain forward-looking financial information and financial outlook information which is subject to the risks, qualifications, assumptions and other cautionary language set out in such Form F-4. Readers are encouraged to review such cautionary language carefully.
Where? Which prison? In the US? Cayman Islands? Peru?
A kid shoplifts a couple of $$ in a convenience store and goes to jail...but a CEO can squander billions....
Yes, positive news is out... THIS IS CALLED A PUMP!
WRONG !! It's not about shareholder confidence or the Board telling Gary to do a deal... The Board needs to grow a pair and tell Gary to:
HIT THE BRICKS !!!
No one is talking about shareholder confidence...the people at the table don't believe anything he says... They know the company has painted themselves into a corner. The only way out is if GE goes.
31 CENTS PR SHARE !!!
You guys realize that are some very good reasons why MHR is only 31 cents/share. The management has continually OVER-PROMISED and UNDER-DELIVERED. No one believes the management anymore. Good news or bad news we simply do not believe ... Fire Gary and the share price will go over $1.00... Hire someone credible and the share price could hit $5.00.
Very simple.
Lima, in October. 14 (ANDINA) .- The Shell angloholandesa approved the definitive agreement of association with bpz Energy for exploration of gas in three lots located in the department of Tumbes, reported today the president of Perupetro, Daniel Saba.
He said that Shell executives informed him that the board of directors of the company in Houston (USA) gave its approval to this agreement, which demonstrates the confidence of this transnational legal stability, political and economic life of Peru.
"The agreement is already operational at the end, missing only two companies that sign the agreement, and the most important thing is that Shell is moving ahead with its projects in Peru despite the crisis and the political noise," said the agency Andina .
It should be noted that on June 26 last bpz Energy and Shell signed a memorandum of understanding as a first step in establishing this final agreement.
The agreement will allow Shell to be incorporated in the license agreements that currently has bpz Energy in a lot XXIII, XIX and Z-1 (Tumbes socket).
Saba also reported that bpz Energy has obtained very satisfactory results in the work done in the Corvina field in Block Z-1, exceeding the expectations set.
The company completed drilling of two tests (DST) in four sets of layers of oil wells, which resulted in a cumulative flow rate of 10,268 barrels of oil per day (bpd).
"It's an important result that continues to reaffirm the potential of hydrocarbons in Peru, and providing incentives to companies interested in investing in this sector, such as Shell."
For his part, chairman and chief executive of BZP Energy, Manolo Zuniga, said the 20XD well with its 10,268 bpd has exceeded the expectations of the initial tests and will probably improve estimates of oil from the Corvina field, and consequently increase Oil stocks.
Bpz Energy has certified reserves of 60 million barrels of crude of 22 degrees API and 300 trillion cubic feet of natural gas, which correspond to the Corvina oil field.
"This has been by far the hardest hole we've drilled, but the results are truly gratifying. Each DST was conducted over several days, supplying important information and needed to upgrade the reserves. "
He said that the next hole, the CX11-15D, you will begin to be punctured under the platform is transferred to the relevant sections.
"It is important that we move forward with the 15D, which is the last well in this first program of drilling from the Corvina CX11 platform, so that we can move to Albacore, where estimates show that the existence of oil is roughly three times the size of Corvina, "said Zuniga.
CORRECTION:
Linda Cook and Shell offered $350 million for HALF of the Z block.
Your statement was in error.
THIS COMPANY IS A VANCOUVER PUMP & DUMP!
It could go on for a few more years taking investor's money....
Have you heard about the REORG, REVERSE SPLIT and the SECONDARY yet?
It is going to be an UGLY FOURTH QUARTER!!!
i trust this note does not hurt anyone's sensibilities! LOL
I SMELL TOAST !!!
And it is not my breakfast; and I am not having a stroke !!!
Since no one is writing options on the "stellar investment" , you can be assured that no one is shorting at these levels...
You can be assured that shorts are covering at these levels very DEEP in the money.
SOME REALLY BAD NEWS !!! GOLDMAN SAYS SELL !!!
ByLaurie KulikowskiFollow | 10/15/15 - 08:57 AM EDT
4. Westport Innovations Inc. (WPRT)
Industry: Industrials/Construction & Farm Machinery & Heavy Trucks
Market Cap: $241 million
Year-to-date return: -44%
Expected 2016 Net Debt/EBITDA (earnings before interest, taxes, depreciation and amortization): n/a
Goldman Sachs Rating/Price Target: Sell/$3
Downside to Goldman Sachs' Price Target: -23%
TheStreet Said: TheStreet Ratings team rates WESTPORT INNOVATIONS INC as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks with serious upside potential in the next 12-months. Learn more.
We rate WESTPORT INNOVATIONS INC (WPRT) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.
Highlights from the analysis by TheStreet Ratings Team goes as follows:
Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Machinery industry and the overall market, WESTPORT INNOVATIONS INC's return on equity significantly trails that of both the industry average and the S&P 500.
The gross profit margin for WESTPORT INNOVATIONS INC is currently lower than what is desirable, coming in at 34.97%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -73.57% is significantly below that of the industry average.
WPRT's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 48.89%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
There is more BAD NEWS not mentioned in today's BAD NEWS guidance !!
TRUE !!! And remember the last time they flooded the market with good news, they issued a HUGE SECONDARY !
NO ! NOT GOING TO HAPPEN !
I AGREE.... WOOHOO !!!
WPRT is my ATM !!!
Management has NO CREDIBILITY !
And they can't execute... they are selling assets into a buyers' market, not a good position to be in.
This would be a very risky/speculative buy... better to put your money on red... the odds are bettor.
MHR Deserves to be CRUSHED.
In August I posted:
Jack_Bolander Monday, 08/17/15 10:36:18 AM
Re: A deleted message
Post #
2125
of 2614 Go
I am not a basher. I am a vocal critic of BPZ and rightly so.
I have been warning people about how bad an investment BPZ is for years.
Have I been right or wrong?
Just warning the folks...
CONSTRUCTIVELY FRAUDULENT CONVEYANCE....
You might want to learn what this phrase means in light of what is happening to the BPZ assets.
DEAD CAT BOUNCE.
HEAD FAKE
FOOL's RALLY
BEAR TRAP
Remember that these guys need to print a bunch of new shares in order to buy FSYS... Since these shares will be discounted, they needed to get the share price up before they issue more shares...
WHY HAS NO ONE FILED A MOTION?
YESTERDAY, the markets had a great rally. DJIA was up more than 300 points!
And BPZRQ? $0.0014
Yes, I do.
This company has never been profitable, and doesn't know how to be.
Better products doesn't necessarily mean success...
And the growth will continue to be slower than forecasted; this too has been verified by numerous third parties.
SOME NEAR TERM CATAYSTS !
Also from Yahoo:
1. The FSYS Deal will require $140 million worth of stock to be printed (DILUTION!)
2. A Reorganization either before or after the merger is required. These cost $$$. And in Canada the costs for laying employees off are much higher when “you eliminate one level of management” than in the US.
3. The DEAL may not happen, but the company still needs $$$$ to operate and reorganize, which means TOXIC finance.
4. Oil vs Gas economics will not improve in the near term, other major players in this space have already acknowledged slowing growth in the sector.
MORE DILUTION POSSIBLE !
From Yahoo:
Because WPRT has fallen so much, FSYS will receive a more generous conversion rate, so they still end up with a equivalent $7.54 per, for each FSYS share they own. The rate has now been increased from 2.129 shares of WPRT for each share of exchanged FSYS shares, to 2.95. In total, WPRT's share count will rise 53,365,500 shares, as a consequence of the completed transaction .
UH OH!! TIME IS RUNNING OUT....
Has the creditor committee or anyone else filed a motion to stop this deal?
No motion and the deal goes through and the assets move offshore, beyond the reach of the US Courts. I wonder if this is why the stock price keeps falling?
UH OH !!!
CMI will be able to buy anything they want or need out of the bankruptcy.
No need to buy anything now...every day the price goes down....
This is one of the BEST SHORTS since ENRON!
This stock has gone from $50 to $2.00 !
Why should I not SHORT WPRT?
I am posting here to keep your information honest.
And I have been SHORT wprt for several years, and have enjoyed the ride from $50 to $2.00.
Now I am just keeping posters like you honest, and watching this go to $0.00.
He says that it will only be a seasonal spike in prices.
More importantly WPRT is NOT a natural gas stock...it is an AUTO PARTS stock. And a lousy investment.
Are you sure? Uh Oh !!!
There is no "IF".
And you don't get to sell shares in a company which no longer exists...the SEC has rules about things like that.
UH OH !
Has anyone noticed if any motions have been filed in Victoria or Santiago in the interest of the shareholders?
UH OH!
In 23 days these assets move to the Caymen Islands, beyond the reach of the US Courts.
UH OH !
NOT if there is no market or interest in those patents.
People have been pumping the value of the patents, since this was in the $50's; Good patents in a bankrupt company, means the patents will be bankrupt too.
WPRT has lost $$$ every quarter for 10 years !!! And this quarter will be no different. Slowing growth and sales !!!
WPRT is trading in the $2.00's ; DOWN from $50.00!!!
It is in a death spiral, and is trying to do an all share acquisition of FSYS, because it needs the cash on hand at FSYS.
The all share deal means more shares need to be printed...
NOT A PRETTY PICTURE... the quarterly numbers will be bad, but the overall picture is even worse. IMO
YES !!! ALMOST $1,500.00 traded !!!
I guess the brokerage doesn't have a minimum order policy !
Someone holding OTM options.