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There is no "vote" as far as your interest are concerned. The POR essentially surrenders your ownership and any claims in the company's assets.
You are the debtor when you own common equity in a company...you have no voice when you can't pay your bills. Your company is insolvent and your future as a debtor is totally up to your creditors wishes.
The Creditors will take possession of the company and issue themselves new shares in lieu of debt payment...and the old shares will be cancelled.
I don't expect you to like it but that is the reality.
Make sense?
Gastar Exploration Inc. Prices Upsized Offering of Common Stock
Date : 05/12/2016 @ 8:24AM
Source : PR Newswire (US)
Stock : Gastar Exploration (GST)
Quote : $0.9499 0.0298 (3.24%) @ 2:52PM
HOUSTON, May 12, 2016 /PRNewswire/ -- Gastar Exploration Inc. ("Gastar") (NYSE MKT: GST) announced today that it has priced a public offering of 50,000,000 shares of its common stock at a price to the public of $0.95 per share pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the "SEC"). The offering was upsized from the previously announced offering of 40,000,000 shares of common stock. Gastar has also granted the underwriters a 30-day option to purchase up to an additional 7,500,000 shares of common stock. Gastar expects to receive net proceeds of approximately $44.6 million (or approximately $51.4 million if the underwriters exercise their option to purchase additional shares), after deducting estimated fees and expenses (including underwriter discounts and commissions).
Gastar intends to use the net proceeds from the offering for general corporate purposes, including funding an expanded drilling program on its STACK Play acreage in Oklahoma. Gastar expects the offering to close on May 17, 2016, subject to customary closing conditions.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=71452953
* I hope two things are accomplished: 1)The offering is 100% taken advantage of and 2) $44.6MM is enough $$ to sustain them through what is certain to be the new "norm" in the price of crude. IMO the days of $100 @ bbl oil are in the rear view mirror not to be seen again.
This "vote" for all practical purposes has already taken place sir. Now it just needs the blessing of the court ...which it will get with little or no objection(s). The court will also be approving the debtor to spend funds in order to continue operations while the case is under review.
This is what is called a "pre-packaged" bankruptcy. Think LINN Energy or Penn Virginia or General Motors. All were pre-packaged and many more.
Prepackaged bankruptcy refers to a plan for reorganization under Chapter 11 that a company drafts in cooperation with its lenders.
The company would not have released this news without extensive discussions and agreements (essentially votes) in place.
Common equity is toast. It's in the POR.
Marker:
Sandridge Energy, In (SDOC)
$0.018 down -0.04316 (-70.57%)
Volume: 91,278,156
Marker:
Delta Air Lines, Inc (DAL)
$42.90 up 0.5 (1.18%)
Volume: 6,657,319
Marker:
Gastar Exploration (GST)
$0.98 down -0.03 (-2.97%)
Volume: 1,605,788
*Price of WTI crude at this moment is up - $44.48 up 1.24 (2.87%)
Marker:
Gastar Exploration I (GST-B)
$7.2391 down -1.0509 (-12.68%)
Volume: 42,634
*Price of WTI crude at this moment is up - $44.48 up 1.24 (2.87%)
Marker:
Gastar Exploration 8 (GST-A)
$6.95 down -1.26 (-15.35%)
Volume: 61,973
*Price of WTI crude at this moment is up - $44.48 up 1.24 (2.87%)
Quarterly Report (10-q)
Date : 05/04/2016 @ 5:01PM
Source : Edgar (US Regulatory)
Stock : First Internet Bancorp (MM) (INBK)
Quote : $25.64 0.43 (1.71%) @ 1:22PM
http://ih.advfn.com/p.php?pid=nmona&article=71359308&symbol=INBK
TBV: $23.98
P/B: 1.07
BofI Holding, Inc. Named Best Public Thrift for 2015
Date : 05/05/2016 @ 9:00AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $18.80 -0.16 (-0.84%) @ 12:45PM
BofI Retains Top Ranking for 4th Consecutive Year
BofI Holding, Inc. (NASDAQ: BOFI) (“the Company”), parent of BofI Federal Bank, announced today that it was recognized by SNL Financial as the top thrift for 2015, retaining the top ranking for a fourth consecutive year.
SNL Financial ranks the 100 largest public thrifts using six financial metrics that focus on return on average assets (“ROAA”), return on average tangible common equity, efficiency ratio, median three-year growth rate in tangible book value per share (“TBVPS”), nonperforming loans-to-total loans and net charge-offs to average loans for the 12-month period ended December 31, 2015. Among these metrics, BofI ranked first in efficiency ratio, second in TBVPS growth and third in ROAA.
“We are honored to learn of BofI’s ranking by SNL Financial as the top performing large thrift in the United States. This is the fourth consecutive year we have been ranked number one and the eighth consecutive year being ranked in the top five,” stated Greg Garrabrants, President and Chief Executive Officer of BofI Holding, Inc. “We believe we have the right business model to continue to generate industry leading profitability and have invested heavily in innovation, people, technology and risk infrastructure to ensure that we can execute our strategy over the long-term. We are grateful to our customers, employees and shareholders for the support they have provided in our continued success.”
SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit www.snl.com.
http://ih.advfn.com/p.php?pid=nmona&article=71369316
*High performance will trump shorts...just a matter of time.
Marker:
Kraton Performance Polymers, (KRA)
$24.8187 up 2.1987 (9.72%)
Volume: 1,464,639
Wow. Very nice. Congratulations TAM...on to the next!
Sierra Vista Bank (c (SVBA)
$5.00 up 0.75 (17.65%)
Volume: 4,770
Dollar sinking means materials rising.
Freeport-Mcmoran, In (FCX)
$13.9508 up 1.2908 (10.20%)
Volume: 65,951,688
Cascade Bancorp Announces Agreement to Acquire Prime Pacific Financial Services in the Greater Seattle Metro Market (4/26/16)
BEND, Ore., April 26, 2016 /PRNewswire/ -- Cascade Bancorp (NASDAQ: CACB or "Cascade") and Prime Pacific Financial Services (OTC PINK: PPFS or "Prime Pacific") today announced that Cascade Bancorp and Prime Pacific have entered into a definitive agreement and plan of merger pursuant to which Cascade will acquire Prime Pacific Financial Services, the holding company of Prime Pacific Bank, a Snohomish county, national banking association with $119.4 million in assets, $94.7 million in net loans, $104.8 million in total deposits at December 31, 2015.
Cascade expects the transaction will result in modest earnings accretion in 2016 (excluding one-time costs) and expects approximately 5% accretion to earnings in 2017. The transaction is projected to be immediately accretive to tangible book value and capital, with a solid internal rate of return.
Terry Zink, President and Chief Executive Officer of Cascade, remarked, "This opportunity expands our commercial banking footprint in the strong Seattle market. Prime Pacific's solid commercial and SBA lending expertise is consistent with our strategy to increase our market share of commercial loans in fast-growing Northwest metropolitan markets. We look forward to welcoming Prime Pacific's banking professionals, customers, and shareholders to our Cascade team."
Glenn Deutsch, President and Chief Executive Officer of Prime Pacific, stated, "Bank of the Cascades is a strong and growing Pacific Northwest community bank that is focused on expanding its presence in the Seattle area. Our bankers are excited to be part of that expansion which will enable us to better serve existing customers and attract new clients as well. Like us, they value high quality customer service and commitment to community. Our customers and employees will benefit greatly from the merger of our two organizations."
Timothy J. McMahon, Chairman of the Prime Pacific Financial Services, Inc. Board of Directors, commented, "In entering into this agreement with Cascade, the Board of Prime Pacific believes that is has both obtained a solid value for our shareholders and also found an excellent partner for our customers and employees going forward. We believe that Cascade's existing presence in the greater Seattle market and their commitment to customers, employees and community will continue the model we have established and present all of our constituents with greater choices going forward."
The board of directors of each company has approved this transaction. The acquisition of Prime Pacific by Cascade is subject to customary conditions, including the approval of Prime Pacific's shareholders and bank regulatory authorities, and is expected to close in the third quarter of 2016. Immediately following the completion of the acquisition, it is anticipated that Prime Pacific Bank will be merged with and into Bank of the Cascades. Directors, select shareholders and executive officers of Prime Pacific have entered into agreements with Cascade and Prime Pacific pursuant to which they have committed to vote their shares of Prime Pacific common stock in favor of the acquisition.
Under the terms of the definitive agreement and upon consummation of the acquisition, holders of Prime Pacific common stock will have the right to receive 0.3050 shares of Cascade common stock for each share of Prime Pacific common stock they own, subject to certain adjustments, including a possible pre-closing special dividend in the event adjusted equity at closing exceeds a minimum equity target. Based on a $5.86 closing price of Cascade's common stock on April 22, 2016, the aggregate merger consideration is approximately $17.1 million, or $1.79 per share of Prime Pacific common stock. Holders of Prime Pacific's stock options will receive stock options for Cascade stock at the exchange ratio. The exchange ratio reflecting the number of shares of Cascade's common stock to be issued in exchange for each share of Prime Pacific common stock is fixed so long as Cascade's stock price remains between $5.10 and $6.90, as measured by the 20-day average volume weighted average price ("VWAP") up to and including the fifth trading day prior to closing of the transaction. The value of the stock consideration will fluctuate based on the value of Cascade's common stock within this range. In the event the VWAP of Cascade's common stock is outside this range, then the exchange ratio will be adjusted. Giving effect to the transaction, and based upon an exchange ratio of 0.3050, Prime Pacific common shareholders will own approximately 3.8% of the outstanding shares of the combined company.
Piper Jaffray & Co. served as financial advisor and Hunton & Williams LLP served as legal counsel to Cascade Bancorp. D.A. Davidson & Co. served as financial advisor and Miller Nash Graham & Dunn LLP served as legal counsel to Prime Pacific Financial Services, Inc.
ABOUT CASCADE BANCORP AND BANK OF THE CASCADES
Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the Cascades, operates in the Pacific Northwest. Founded in 1977, Bank of the Cascades offers full-service community banking through 51 branches in Oregon, Idaho and Washington. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value-driven customers.
For further information, please visit our website at www.botc.com.
ABOUT PRIME PACIFIC BANK
Founded 20 years ago, Prime Pacific Bank is a full service community bank headquartered in Lynnwood with three branch locations in Lynnwood, Kenmore, and Mill Creek. Providing a full range of retail banking services, Prime has served individuals and small to medium-sized businesses located in the south Snohomish County and northeast King County.
http://www.prnewswire.com/news-releases/cascade-bancorp-announces-agreement-to-acquire-prime-pacific-financial-services-in-the-greater-seattle-metro-market-300258029.html#continue-jump
Marker:
Prime Pacific Financ (PPFS)
$1.71 up 0.02 (1.18%)
Volume: 18,346
What: BRIEF-Gastar Exploration files for mixed shelf of up to $500 million - SEC Filing
When: Fri Apr 15, 2016
http://www.reuters.com/article/idUSFWN17I0VB?type=companyNews
-SEC filing:
http://www.sec.gov/Archives/edgar/data/1431372/000119312516543291/0001193125-16-543291-index.htm
What does it mean when a company files a mixed-securities shelf?
A shelf offering is a registration of a security that a company intends to issue, but it "sits on the shelf" over a period of time up to two years. It may or may not end up actually being offered for sale. A mixed shelf means that more than one type of security is being sold
Shelf registration or shelf offering or shelf prospectus is a type of public offering where certain issuers are allowed to offer and sell securities to the public without a separate prospectus for each act of offering. Instead, there is a single prospectus for multiple, undefined future offerings. The prospectus (often as part of a registration statement) may be used to offer securities for up to several years after its publication.
For example, a company can file a shelf registration statement with a prospectus for 100,000,000 shares, $1,000,000,000 face value of bonds, $500,000,000 face value of convertible bonds, 50,000,000 Series A warrants and 50,000,000 Series B warrants. These five different classes or series of securities are offered in a single document. The company may offer to sell all of them, none of them, or any part of some class. It can sell 30,000,000 shares at one time and another 50,000,000 a year later (it will then have 20,000,000 unissued shares covered by the shelf prospectus).
A "mixed shelf" is the shelf registration of different types of securities, such as a mixture of debt and equity. One could do a mixed shelf of common stock, preferred stock, and convertible debt securities, up to an amount specified in the registration.
Before each offering and sale is actually made, the company must file a relatively short statement regarding material changes in its business and finances since the shelf prospectus was filed.
Shelf registration is usually available to companies deemed reliable by the securities regulation authority in the relevant country. Shelf offerings, due to their purposefully time-constrained nature, are examined far less rigorously by those authorities, compared to standard public offerings.
Marker:
Gastar Exploration (GST)
$1.87 up 0.09 (5.06%)
Volume: 1,430,111
What: BRIEF-Gastar Exploration files for mixed shelf of up to $500 million - SEC Filing
When: Fri Apr 15, 2016
http://www.reuters.com/article/idUSFWN17I0VB?type=companyNews
-SEC filing:
http://www.sec.gov/Archives/edgar/data/1431372/000119312516543291/0001193125-16-543291-index.htm
What does it mean when a company files a mixed-securities shelf?
A shelf offering is a registration of a security that a company intends to issue, but it "sits on the shelf" over a period of time up to two years. It may or may not end up actually being offered for sale. A mixed shelf means that more than one type of security is being sold
Shelf registration or shelf offering or shelf prospectus is a type of public offering where certain issuers are allowed to offer and sell securities to the public without a separate prospectus for each act of offering. Instead, there is a single prospectus for multiple, undefined future offerings. The prospectus (often as part of a registration statement) may be used to offer securities for up to several years after its publication.
For example, a company can file a shelf registration statement with a prospectus for 100,000,000 shares, $1,000,000,000 face value of bonds, $500,000,000 face value of convertible bonds, 50,000,000 Series A warrants and 50,000,000 Series B warrants. These five different classes or series of securities are offered in a single document. The company may offer to sell all of them, none of them, or any part of some class. It can sell 30,000,000 shares at one time and another 50,000,000 a year later (it will then have 20,000,000 unissued shares covered by the shelf prospectus).
A "mixed shelf" is the shelf registration of different types of securities, such as a mixture of debt and equity. One could do a mixed shelf of common stock, preferred stock, and convertible debt securities, up to an amount specified in the registration.
Before each offering and sale is actually made, the company must file a relatively short statement regarding material changes in its business and finances since the shelf prospectus was filed.
Shelf registration is usually available to companies deemed reliable by the securities regulation authority in the relevant country. Shelf offerings, due to their purposefully time-constrained nature, are examined far less rigorously by those authorities, compared to standard public offerings.
Marker:
Gastar Exploration 8 (GST-A)
$13.75 up 0.0122 (0.09%)
Volume: 9,571
What: BRIEF-Gastar Exploration files for mixed shelf of up to $500 million - SEC Filing
When: Fri Apr 15, 2016
http://www.reuters.com/article/idUSFWN17I0VB?type=companyNews
SEC filing:
http://www.sec.gov/Archives/edgar/data/1431372/000119312516543291/0001193125-16-543291-index.htm
What does it mean when a company files a mixed-securities shelf?
A shelf offering is a registration of a security that a company intends to issue, but it "sits on the shelf" over a period of time up to two years. It may or may not end up actually being offered for sale. A mixed shelf means that more than one type of security is being sold
Shelf registration or shelf offering or shelf prospectus is a type of public offering where certain issuers are allowed to offer and sell securities to the public without a separate prospectus for each act of offering. Instead, there is a single prospectus for multiple, undefined future offerings. The prospectus (often as part of a registration statement) may be used to offer securities for up to several years after its publication.
For example, a company can file a shelf registration statement with a prospectus for 100,000,000 shares, $1,000,000,000 face value of bonds, $500,000,000 face value of convertible bonds, 50,000,000 Series A warrants and 50,000,000 Series B warrants. These five different classes or series of securities are offered in a single document. The company may offer to sell all of them, none of them, or any part of some class. It can sell 30,000,000 shares at one time and another 50,000,000 a year later (it will then have 20,000,000 unissued shares covered by the shelf prospectus).
A "mixed shelf" is the shelf registration of different types of securities, such as a mixture of debt and equity. One could do a mixed shelf of common stock, preferred stock, and convertible debt securities, up to an amount specified in the registration.
Before each offering and sale is actually made, the company must file a relatively short statement regarding material changes in its business and finances since the shelf prospectus was filed.
Shelf registration is usually available to companies deemed reliable by the securities regulation authority in the relevant country. Shelf offerings, due to their purposefully time-constrained nature, are examined far less rigorously by those authorities, compared to standard public offerings.
Marker:
Gastar Exploration I (GST-B)
$14.65 up 0.15 (1.03%)
Volume: 7,291
Quarterly Report (10-q)
http://ih.advfn.com/p.php?pid=nmona&article=71284487
BofI Holding, Inc. Announces Record Third Quarter Net Income, Up 70.4%
Date : 04/28/2016 @ 8:30AM
Source : Business Wire
Stock : Bofi Holding, Inc. (MM) (BOFI)
Quote : $20.48 1.05 (5.40%) @ 2:43PM
BofI Holding, Inc. (NASDAQ: BOFI) (“BofI”), parent company of BofI Federal Bank (the “Bank”), today announced financial results for the third fiscal quarter ended March 31, 2016. Net income was a record $35.9 million, an increase of 70.4% over net income of $21.1 million for the quarter ended March 31, 2015. Earnings attributable to BofI’s common stockholders were $35.8 million or $0.56 per diluted share for the third quarter of fiscal 2016, an increase of 70.7% from $21.0 million or $0.34 per diluted share for the third quarter ended March 31, 2015.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=71284294
*Records aren't just being made they're being shattered. Incredible growth story for a bank.
NOTICE OF THE 2016 ANNUAL MEETING OF STOCKHOLDERS
Tuesday, June 14, 2016
[....]
Proposal 4.
Approval of an Amendment to our Amended and Restated Certificate of Incorporation to Increase the Number of Shares of Authorized Common Stock from 275,000,000 Shares to 550,000,000 Shares
On April 15, 2016 the Board approved an amendment to our Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 275,000,000 to 550,000,000 shares. We are currently authorized pursuant to our Amended and Restated Certificate of Incorporation to issue up to 275,000,000 shares of common stock. As of April 25, 2016, there were 81,712,300 shares of common stock issued and outstanding. The purpose of our proposed increase in the authorized shares of common stock is to make available additional shares of common stock for issuance for financing activities, acquisitions, stock issuances pursuant to employee benefit plans and other corporate purposes without the requirement of further action by our stockholders. We have no current commitments to issue any of the additional shares of common stock that will become authorized shares of our capital pursuant to the proposed amendment. Nonetheless, we regularly monitor the capital and credit markets for opportunities that we believe will improve our balance sheet, and may engage, from time to time, in financing or refinancing transactions as market conditions permit. Future activities may include, but are not limited to, public or private debt or equity offerings, the purchase of our outstanding debt for cash in open market purchases or privately negotiated refinancing, extension and exchange transactions or public or private exchange offers or tender offers. Any financing or refinancing transaction may occur on a stand-alone basis or in connection with, or immediately following, other transactions. As such, we believe that it is important for us to have available for issuance a number of authorized shares of common stock sufficient to provide adequate flexibility for future corporate needs.
[....]
Source:
http://ir.gastar.com/annuals-proxies.cfm
Settlement Date: 4/15/2016
Short Interest: 23,101,729
Avg Daily Share Volume: 1,781,856
Days To Cover: 12.964981
Source:
http://www.nasdaq.com/symbol/bofi/short-interest
*Financials come out later today.
Effective March 9, 2016, our Revolving Credit Facility prohibits the payment of cash dividends on our preferred equity commencing April 2016. Dividends on the Series A and Series B Preferred Stock will accumulate regardless of whether any such dividends are declared.
http://ih.advfn.com/p.php?pid=nmona&article=70722938
Marker:
Gastar Exploration 8 (GST-A)
$13.73 up 1.0078 (7.92%)
Volume: 24,432
Gastar Exploration Inc. Declares March Cash Dividend on 8.625% Series A Preferred Stock and 10.75% Series B Preferred Stock a...
HOUSTON, March 10, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") announced today that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") and its 10.75% Series B Preferred Stock ("Series B Preferred Stock") for March 2016.
The dividend on the Series A Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The Series A Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRA."
The dividend on the Series B Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock. The Series B Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRB."
Effective March 9, 2016, our Revolving Credit Facility prohibits the payment of cash dividends on our preferred equity commencing April 2016. Dividends on the Series A and Series B Preferred Stock will accumulate regardless of whether any such dividends are declared.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=70722938
Marker:
Gastar Exploration I (GST-B)
$14.50 up 0.95 (7.01%)
Volume: 24,967
*Just 7 short weeks ago this was $3.
Marker;
Gastar Exploration Inc. Pfd S (GST-B)
$ 14.50 up 0.95 (7.01%)
Volume: 24,967
Marker:
Bofi Holding, Inc. (BOFI)
$19.51 up 0.72 (3.83%)
Volume: 1,194,713
I see a squeeze in someones future.
Short Interest (Shares Short)
23,242,100
Short Interest Ratio (Days To Cover)
27.0
Short Percent of Float
40.39 %
Marker:
Bofi Holding, Inc. (BOFI)
$18.45 up 1.2 (6.96%)
Volume: 2,871,199
Wash Sale Rule
The wash sale rule disallows the deduction of a capital loss if the same stock is purchased within a 30-day period on either side of the date of the sale. If an investor wants to use the loss from the sale of stock as a tax write-off, the stock cannot be repurchased for 30 days. Capital gains are not subject to the 30-day rule. If a stock is sold for a gain, the profit is taxable. The investor can buy the stock again at any time.
http://www.geeksonfinance.com/info_7764925_can-stock-within-30-days.html
Marker;
Real Industry (RELY)
$8.84 up 0.29 (3.39%)
Volume: 111,213
Quarterly Report (10-q)
Date : 04/14/2016 @ 4:14PM
Source : Edgar (US Regulatory)
Stock : Delta Air Lines, Inc. (DAL)
Quote : $48.49 0.0 (0.00%) @ 4:00AM
[....]
EPS: $1.22 for Q1 2016 as compared to $0.91 for Q1 of 2015
[....]
17MM shares bought back so far in 2016.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=71127319
* All things considered a very good quarter.
Hey LM really good to see you.
Annabelle Homes [the developer] basically stiffed DYNV [the builder] of the pay they contractually should have received for building the homes. DYNV understandably couldn't withstand an $8MM hit to the bottom line so it basically tore down the whole operation.
We never could get the straight story on who did what, when or why but suffice it to say it ended in a train wreck. There were rumors that DYNV's workmanship was sub-par ...but if the homes were designed and spec'd by Annabelle and passed state & local building codes how bad could it [the workmanship] have been?? and who is really to blame??? if there were quality issues or design flaws by either or both parties wouldn't you stop the work immediately and address it before you drive another nail?? I would.
Seems like it would have behooved both of these parties to find a way to work together and move forward. As they say in Texas 'they had a birds nest on the ground'... and they managed to screw it up.
This is one you just scratch your head over LM. We never did find out the outcome. I think if the truth were known Annabelle Homes [Dean Dovolis] screwed DYNV. He's not the first nor the last developer to put the screws to a builder.
Shame on DYNV for not putting scheduled payments in the contract as the work progressed. Live and learn eh!
Notice of Annual Meeting of Shareholders - April 20, 2016
https://www.firstsoundbank.com/investor_pdfs/Notice%20and%20Proxy%20Statement%20April%2020%202016.pdf
Shareholder Equity: $11.6MM
O/S count: 293MM (includes 7.09MM stocks issued in connection with acquisition of Eastside Commercial Bank)
BV: .04
MV: .059
P/B: 1.475
Marker;
First Sound Bank (se (FSWA)
$0.059 0.0 (0.00%)
Volume: 0
Gastar Exploration Inc. Declares March Cash Dividend on 8.625% Series A Preferred Stock and 10.75% Series B Preferred Stock a...
HOUSTON, March 10, 2016 /PRNewswire/ -- Gastar Exploration Inc. (NYSE MKT: GST) ("Gastar") announced today that it has declared monthly cash dividends on its 8.625% Series A Preferred Stock ("Series A Preferred Stock") and its 10.75% Series B Preferred Stock ("Series B Preferred Stock") for March 2016.
The dividend on the Series A Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25.00 per share liquidation preference of the Series A Preferred Stock. The Series A Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRA."
The dividend on the Series B Preferred Stock is payable on March 31, 2016 to holders of record at the close of business on March 21, 2016. The March 2016 dividend payment will be an annualized 10.75% per share, which is equivalent to $0.223958 per share, based on the $25.00 per share liquidation preference of the Series B Preferred Stock. The Series B Preferred Stock is currently listed on the NYSE MKT and trades under the ticker symbol "GST.PRB."
Effective March 9, 2016, our Revolving Credit Facility prohibits the payment of cash dividends on our preferred equity commencing April 2016. Dividends on the Series A and Series B Preferred Stock will accumulate regardless of whether any such dividends are declared.
[....]
http://ih.advfn.com/p.php?pid=nmona&article=70722938
Marker:
GST.PA
$8.90 +.40 (4.70%)
Volume: 26,464
FDIC Number: 57447
https://cdr.ffiec.gov/public/Reports/UbprReport.aspx?rptCycleIds=86%2c81%2c76%2c72%2c67&rptid=283&idrssd=3161144&peerGroupType=&supplemental=
Equity: $24.9MM
Net Income for 2015: $2.4MM
Marker;
United American Bank (UABK)
$0.35 0.0 (0.00%)
Volume: 0
Hey MH good to see you.
That would be terrific if you could make it to the annual meeting.
I'm growing weary of mediocre throughput & utilization rates. Why enlarge when you can't run the plant you have to respectable levels?? It's a fair question but when you have a ceo that holds 8 out of the 10 shares outstanding hard questions can be dismissed with ease...like it or lump it. :~(
Annual Report (10-k)
Date : 03/30/2016 @ 9:03PM
Source : Edgar (US Regulatory)
Stock : Blue Dolphin Energy Co. (QX) (BDCO)
Quote : $4.75 0.0 (0.00%) @ 9:02PM
http://ih.advfn.com/p.php?pid=nmona&article=70939328&symbol=BDCO
Well they haven't yet said the "C" word [cut] but when you see the Gulf countries (primarily Saudi Arabia) borrowing Billion$ to fill the gap in lost oil revenue to pay for their social welfare programs you can expect to see a cut in production at an oil patch near you soon.
As far as the ship/tanker business goes I don't see a bright future on the horizon. Can it be a good short term trade? Sure. But you'd have to consider the big picture and how things could look 6 months from now. The USA is, and has been for a century, the #1 consumer of oil energy. There was only one way to import that oil - ships. However fracking has changed everything and the US no longer needs to import that oil. When you're in the global shipping business and the #1 customer doesn't require your services, or has drastically reduced the demand, that can't be a good thing.
At some point the cheapest "storage" is to leave it in the ground until demand changes.
I guess somebody will have to utter the words "Production cut".