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Make anything trading this?
Good swings on it.
Dilution of some sort.
Both had similar share structures .... BLUU doesn't seem to have the convertibles that Landstar did.
So, how is BLUU worse?
You were pumping one of them in February.
Do we throw your name on the list of people to avoid listening to as well?
8's tapped momentarily.
Suspect we might see someone trying to cool her down a little.
I know where you are coming from .... but there is something else going on.
You can read the stuff provided in the stickies and decide for yourself if you want to load and hold.
Overhang seems to be done .... so might not get those very cheap ones again. Of course, it might come again ... that's the nature of these things.
New company description on otcmarkets ....
Good or Bad?
This message doesn't really have new information.
It is just that there has been a lot of posts saying the news isn't real.
Is this the closest thing so far to coming from JD.com's mouth?
I wasn't sure about whether or not this arrangement between JD.com and Magplane Technology was even real.
It is pretty easy to see that the news story hit on June 14th roughly, but as we know, PRs from unofficial sources are not the best.
In, my next post, I will present to you the best link that somehow verifies the link.
The company already responded and it looks like institutions feel that it was taken down too much.
Kind of too much of an immediate bounce, but still playable.
Yicai Global is pretty legit in China:
https://www.yicaiglobal.com/news/jdcom-us-magplane-pair-develop-underground-maglev-system
https://www.reuters.com/brandfeatures/sfif/Yicai
912,000 followers on twitter:
https://twitter.com/yicaichina?lang=en
Thought there would be more discussion here this morning.
Cool.
What number did you reach him at?
6 Digit trades ...
Fun times ahead?
Should be a decent day.
Earnings good, Guidance is great and an upgrade.
As long as some GURU isn't stuffing the ask might be a decent trade on the long side.
Down 14% on no news at all ....
Perhaps a little overdone?
Just as I told you before.
Regardless, hope all is well.
Got sideswiped myself in another one.
These things happen, moving on to the next.
The sick part was terminating the old offering and less than 3 hours later, they dropped the news of an offering.
I was pretty sure it was still going to happen at some point, just not the same day.
Not much I can do unless I want to unload at a loss.
My own fault for holding, just feel bitter because I thought they would do the offering in a few days/a couple weeks as the stock showed some strength.
Direct Offering at $0.75 announced at 7:57 pm.
I am pretty sure that most knew an offering was coming at some point.
What's dirty is announcing the termination of an offering and a couple of hours later announcing that an offering filled at nearly 50% of the most recent price.
Might still be bullish tomorrow, just not as much as previously thought.
At least we know why the stock had as much sellers as it did today.
Did you scalp some?
I did, as I expected some people would sell just before 7pm.
Why?
Because some brokers limit after hours activity (that is they extend to only 7pm) and I had a feeling that some would bail.
Was able to buy back, so sitting nice if it keeps going. But will be ready if the tree is shaken again.
Is $0.80 too much to ask for?
I was worried an offering would hit, but seems to be off the table - for now.
It's 54 Million or so.
Looks like the news in the middle of the day created a unique opportunity to buy on a nice dip after the release.
Kind of concerning to see that much volume though.
Not sure if someone put up a couple of walls to scare out longs.
$1 break would definitely be strong. But we shall see, maybe they want to accumulate some more before letting it go.
What's the view on volume?
Does the news need to spread, or are people who are interested, more keen to see updated financials?
Has anyone contacted the company asking whether they have plans to update financials or resume dividends?
Good Luck.
You need it.
So you believe in Miracles?
This will be the first Chapter 7 to let the shareholders live?
Also.
Can you show me one Chapter 7 case where the shareholders made it out intact?
The other guy can't. Can you?
Nah, I bought and sold once I saw that it was algo trading to unload a position.
They have 10 days to file once they sold.
Within these 10 days can you show me 1 example of a Chapter 7 where shareholders made it out intact?
You haven't since this all began.
Show me one Chapter 7 company where shareholders made it out intact.
They can report transactions 10 business days after they complete.
Looks like Virtu got a lot of people to buy their bags.
Good Luck to all with a chapter 7 bankruptcy.
Someone liked the conference call.
Shorts might get a little squeeze if they didn't already cover.
Still.
10% cut when the eanrnings miss by such a small margin is insane.
Anyone watching this today?
Drop seemed overdone.
Actual vs. Estimates were not that far off.
Anyways, let's see whether this can bounce to $85 or not.
Some retail likes what they have read.
This is who will buy before Financials are released.
Besides the one fund you guys mentioned.
Might be worth it to go through that's funds holdings to look for other unique situations.
I suggest that because beyond the dividend, the fund hasn't had the best return.
What do you guys think, are people keeping away because the lack of financials?
Trying to figure out what a rough range would be.
The fact that they paid dividends on another company/class recently seems rather good.
Kind of want to throw some in with you guys saying the book value may be $14 but I don't see a reason for that valuation.
One has to wonder if and when they will file the financials. I can see why they with held them, but with the company being given a relatively clean pass ... will management and auditors give shareholders what they need to have a rough valuation?
Well, I followed my strategy of buying in chunks rather than all at once.
Average is decent ....
Let's see if it can break the $2.01 high of the regular trading day.
Pretty big shakeout from the pre-market high.
Low floats can be fun if they get kicked into gear.
Do you know where you heard the buyout chatter?
It is just that it turned out right.
Notice how the news was put out right before a holiday?
Hoping that regulators won't shut it down before the pump and dump it.