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Thanks for the clarification. I personally took note of the very recent (July 12th) insider buys because of the number of shares that were purchased by a total of five insiders - officers. directors and the CEO. They numbered over 1 million shares (1,186,334, to be exact), not just a few hundred thousand. Today there was a 242,752 share aftermarket buy @3.27. Not a T-Trade, a straight buy. I took note of that as well.
http://ih.advfn.com/stock-market/NYSE/denbury-DNR/trades
242,752 share buy @3.27 after market.
http://ih.advfn.com/stock-market/NYSE/denbury-DNR/trades
Evidence? I just posted a heavy Insider Buying alert, nothing more, nothing less. Seems you took my setting you straight by posting the actual SEC Filings in response to your snarky "what newsletter" comment, insinuating I was just posting garbage based on some non existent newsletter, a little personal. No one is telling anyone to buy anything. I just posted the Insider buying news. It is up to the individual investor to do some DD and make a decision.
DNR Volume today 6 million.
RECENT SEC FILINGS - http://ih.advfn.com/p.php?pid=news&symbol=NY%5EDNR
INSIDER BUYING ALERT - DNR
DNR - Heavy Insider Buying
DNR - Heavy Insider Buying
INSIDERS - Buying up big time here.
Bottom line - You made a great investment, regardless of what Buffet thinks!
Actually, Warren Buffet didn't do the research or personally buy KMI. He didn't even know he had bought Kinder Morgan. One of his portfolio managers made the play -
"In a CNBC interview, Buffett acknowledged he was surprised about the purchase of the Kinder Morgan stake. He states one of his two new portfolio managers most likely made the purchase. The purchase of the $392 million stake was actually too small of a position to even be on Buffett's radar. Buffett spends his time hunting elephants. He does not get involved in any deals usually unless they reach at least the billion-dollar level. Buffett stated:"
"I think when you see a position of that size, it is probably theirs. I am not going to get involved in something that doesn't involve at least a few billion."
http://seekingalpha.com/article/3974641-kinder-morgan-ladies-gentlemen-warren-buffett-left-building
I have pretty much given up hope. Nothing good happening here, and no sign of it improving.
Healthy pull back today. Watch tomorrow, as silver prices have rebounded substantially.
If a Reverse Split is part of the sale of the company, your "easy money" might not be so easy anymore. That's my point. I am not the one who put it in the filing, BIND did. I am just trying to get a clarification as to what shareholders of BIND are to expect. I have never seen a stalking horse bankruptsy play before.
Pull backs leave bag holders. Bag holders ferociously defend their bags. ~ enjoy ; ))
uhhh... what? I said the street is NOT all over this. Better go back and read my post again. Also, brief gapping on low volume means nothing if gains quickly disappear. The price quickly fell back down into the .50's, leaving bag holders at .70.
I wouldn't be so sure about that. I have been watching this stock closely, and I still haven't figured out why the street is not jumping all over it. It is pretty much being ignored. They have the SEC 8-K public filings out, so it is not a secret. Is it just the word "bankruptcy" that spooks investors?
The company mentions a Reverse Stock Split in their 8-K filing that was posted on 6/17/16.
"In light of the foregoing, the Company is considering available remedial actions, including raising additional capital, a strategic collaboration with one or more parties, the license, sale or divestiture of some of its proprietary technologies, including a sale of the Company, and a reverse stock split."
http://ih.advfn.com/p.php?pid=nmona&article=71760423
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I am wondering why this share price is where it is and the volume so low with the 8-k filing coming out. Something doesn't seem right. Wouldn't BIND perform a Reverse Split of its stock to coincide with any buyout or merger? Would that be what has investors wary of BIND?
This clown Benjamin Woodhouse still lists FreeSeas Inc. as one of their Companies on the Havensight Capital website.
http://www.havensightcapital.com/portfolio.php
No TO filing yet from him. He is either criminally insane or a sly fox lawyer setting FREEF up for a massive share price increase.
http://members.calbar.ca.gov/fal/Member/Detail/261361
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Could have been panic selling because of the filing today. However all the filing states is that FreeSeas voluntarily delisted from the NASDAQ. That was already known, as FREEF is an OTCBQ stock now. They still release audited financials. The O/S as of June 17 was 5,853,112 according to OTC Markets - http://www.otcmarkets.com/stock/FREEF/profile - Doesn't give the public float numbers however, or Restricted share counts.
I am trying to get the current share structures from the Transfer Agent, but they are hard to get in touch with.
https://www.amstock.com/new/#&panel1-1
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Interestingly enough, a 50k share buy at the ask of .03 at 3:54, a few minutes before the closing bell.
Info on Benjamin Woodhouse - Havensight Capital LLC -
http://members.calbar.ca.gov/fal/Member/Detail/261361
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I would assume they wouldn't disclose any information on a pending filing.
Well, we should find out next week if a filing was made. I don't know how complicated SEC Schedules TO and 13D are to fill out . Only thing I can think of that would delay it appearing, is if the filing was sent back because it needed more information, and had to be resubmitted.
I think you are on to something when you referenced the warrant shares that have not been exercised. The float here is relatively small, and any attempt at bulk buying that comes in will shoot the price up quickly, as we recently saw here.
I wonder why he still has FreeSeas shown as one of his portfolio of Companies. If a filing does show up, and FreeSeas acknowledges the tender offer, all hell will break loose here. I am still reading over that PR put out by FreeSeas. They seem to leave room in there for any actual Havensight tender offer to be accepted with the proper SEC filings -
note: Under the Securities Exchange Act of 1934, parties who will own more than five percent of a class of the company’s securities after making a tender offer for securities registered under the Exchange Act must file a Schedule TO with the SEC. The SEC also requires any person acquiring more than five percent of a voting class of a company’s Section 12 registered equity securities directly or by tender offer to file a Schedule 13D.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123517711
$10.00 + achieved!
Tender Offer
A tender offer is a broad solicitation by a company or a third party to purchase a substantial percentage of a company’s Section 12 registered equity shares or units for a limited period of time. The offer is at a fixed price, usually at a premium over the current market price, and is customarily contingent on shareholders tendering a fixed number of their shares or units. Under the Securities Exchange Act of 1934, parties who will own more than five percent of a class of the company’s securities after making a tender offer for securities registered under the Exchange Act must file a Schedule TO with the SEC. The SEC also requires any person acquiring more than five percent of a voting class of a company’s Section 12 registered equity securities directly or by tender offer to file a Schedule 13D.
The filings required by Section 14(d) of the Exchange Act and Regulation 14D provide information to the public about persons other than the company who make a tender offer. The company that is the subject of the takeover must file with the SEC its response to the tender offer on Schedule 14D-9. The rules also set time limits for the tender offer and provide other protections to shareholders. When a public company makes a tender offer for a class of its own equity securities, it similarly must file a Schedule TO and may also need to file a Schedule 13E-3.
Except for the anti-fraud and a few other provisions of Regulation 14E, the SEC’s tender offer rules generally do not apply to tender offers that result in ownership of five percent or less of the outstanding shares —also known as "mini-tender offers." You can learn more about the risks of mini-tender offers by reading our information on that topic.
https://www.sec.gov/answers/tender.htm
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Note: FreeSeas still appears on Havensight Capital's website as one of their portfolio companies -
http://www.havensightcapital.com/portfolio.php
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Actually, they didn't really deny it. They just said the PR contained false information in that "it failed to disclose material facts. In particular, the Havensight press release fails to disclose that Havensight has not made the necessary filing with the U.S. Securities and Exchange Commission in order to commence a tender offer." They said - "Unless and until a valid tender offer is made, the Company will not comment further regarding the actions of Havensight."They didn't say what they would do if such an offer was actually made by Havensight. They also said - "Public investors are urged to rely only on information authorized for dissemination by FreeSeas."
The PR was a kind of non-denial, denial.
The Oil Glut Is Over, Says World’s Most Powerful Oil Man
http://oilprice.com/Energy/Energy-General/The-Oil-Glut-Is-Over-Says-Worlds-Most-Powerful-Oil-Man.html
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You will be waiting a long, long time for $12. Left wing environmentalist media is constantly and relentlessly bashing Kinder Morgan. They fail every time.
Opposition to pipelines somewhat stupid
http://www.newskamloops.com/news/post/opposition-to-pipelines-somewhat-stupid
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Company Shares of Kinder Morgan Rally 3.03%
http://www.themarketdigest.org/201606/company-shares-of-kinder-morgan-rally-3-03/380980/
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Ask a Fool: What Stock Should You Buy Next?
If you are looking for a high-quality company that has the potential to be a great long-term holding, then CarMax Inc., Kinder Morgan, and HollyFrontier should be on your radar.
"Bottom line: Kinder Morgan is one of the most important energy companies in America, and probably the most important energy infrastructure company. Its scale and geographic diversity also make it lower-risk than many of its peers."
http://www.fool.com/investing/2016/06/19/ask-a-fool-what-stock-should-you-buy-next.aspx
Reliable stocks in today’s share market: Kinder Morgan, Inc. (NYSE:KMI)
http://news4j.com/reliable-stocks-in-todays-share-market-kinder-morgan-inc-nysekmi-3/
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Kinder Morgan Inc: KMI Stock Still Has Long-Term Power
http://investorplace.com/2016/06/kmi-stock-kinder-morgan-long-term/
Death Rattle. Next step, sell the shell.
$60 in 6 months? Could be.