I am not a financial consultant or work for a brokerage firm in the
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The simple answer to this question is that stock splits do not affect short sellers in a material way. There are some changes that occur as a result of a split that do affect the short position, but they don't affect the value of the short position. The biggest change that happens to the portfolio is the number of shares being shorted and the price per share.
When an investor shorts a stock, he or she is borrowing the shares, and is required to return them at some point in the future. For example, if an investor shorts 100 shares of ABC at $25, he or she will be required to return 100 shares of ABC to the lender at some point in the future. If the stock undergoes a 2:1 split before the shares are returned, it simply means that the number of shares in the market will double along with the number of shares that need to be returned.
When a company splits its shares, the value of the shares also splits. To continue with the example, let's say the shares were trading at $20 at the time of the 2:1 split; after the split, the number of shares doubles and the shares trade at $10 instead of $20. If an investor has 100 shares at $20 for a total of $2,000, after the split he or she will have 200 shares at $10 for a total of $2,000.
In the case of a short investor, he or she initially owes 100 shares to the lender, but after the split he or she will owe 200 shares at a reduced price. If the short investor closes the position right after the split, he or she will buy 200 shares in the market for $10 and return them to the lender. The short investor will have made a profit of $500 (money received at short sale ($25 x 100) less cost of closing out short position ($10 x 200). That is, $2,500 - $2,000 = $500). The entry price for the short was 100 shares at $25, which is equivalent to 200 shares at $12.50. So the short made $2.50 per share on the 200 shares borrowed, or $5 per share on 100 shares if he or she had sold before the split.
Neither a long nor a short position is materially affected by a stock split - the value of the position does not change. So, if a company has announced that it will split in six months, it should have no bearing on the attractiveness of the short investment.
I sold it long time ago
CERP what stock are you talking about?
Well I am taking a chance here until the results of the vote on April 5th for the R/S and increase of OS which should get voted down ... The stock will surge then .... Why go to Las Vegas ?
I'll take my chances holding 400k shares now
It's a chance I am willing to take shortie ...
It needs a catalyst or someone to start buying.... I believe the toxic lenders have sold most of their shares so anything is possible ... And you are right you never know iCERP can turn around in a dime ...
Drilling on VM179 should start in the next 4 months .... Who would like to wait to get a 500% back on your money invested now ?
I am hoping for a bounce today CERP seems oversold ... .04 seems where it should be that is the price when proxy's. where issued and stock awarded to CFO
There is no way CERP can go that high unless they have a PR with millions in revenue .. Just no way
April 5th
All weak hands sold today ...
Go $$SWGAS!!!!
Hell yea it will bounce !!!!
Tell me are you making money ? Because I see you here bashing all the way from the 05's ... Good luck to you and stay off those meds
I am calling bottom here !!!
Good luck to you ...I am holding until the end of April ...
Good point made... Reverse split is decided by shareholders and the majority will vote "against" on all 3
Can you show me where is that in the Proxy?
No reverse split on the way ..... Shareholders will decide this and the majority already voted "against " including myself and the last time it did not pass either ... So your chances are slim to none
So what are you hoping for ? And why ?
How low can CERP go ?? I do not want to become a bag holder. ...
At this point it's all hope .... Hope for a PR ... Hope for NO RS .... Hope for more MOMO
Good luck on getting in under .02 once the RS does not pass it will shoot up ... Why should I sell not ... If I become a bag holder for a while so be it ... This is play money for me .
Just added some more look at a 6950 buy at .0287
It ok to voice your opinion .... We live in the USA buddy unless your forgot .
There is also a yearly conference
The week of April 5th is when it will run .... Accumulate now . IMO
Hold and buy some more !
Good time to add and you will not regret it .. IMO
LOL ... The other way around ...EXXON market cap is over 400 Billion
Not everyone votes as a matter of fact the statistics are 82% of shareholders vote , with that said I know of 20 million shares voting "against" the RS will not pass . IMO
Thanks xzx, that is always a positive ....
Do you how many restrictive shares ?
Oh yeah I forgot to say that is where it will settle after the run up .....
CERP will double in PPS in the next 6 weeks.... IMO .
Another good for CERP... The concept of sustainability, environmental responsibility, and green thinking in general has risen to the top of the political and consumer agenda over the past few years. The focus has moved from waste management to carbon footprint and resource efficiency.
Now in its 4th year, the Renewable Plastics Conference will examine how the renewable plastics industry will evolve in the future. Over the two days, we will provide you with current essential information on the key issues surrounding this area and an update on recent technological developments.
Reasons to register your participation
Assess the place of bio based materials in the Nestlé packaging environmental sustainability strategy
Analyse Coca Cola’s strategy on PlantBottle
Understand renewable bio-derived plastics in cosmetics product packaging
Analyse key drivers in current and future resin markets in Europe
Gain insight in the current EU legislation and policies
Explore the macro environment for bioplastics in Asia
Investigate global trends in renewable plastics
Update on PHA cellulose materials
Survey end user perspectives: why biobased plastics?
Discuss end-of-life - strongly increased recycling targets for plastics
Assess plastics producer perspectives: why biobased plastics?
Examine natural fibre reinforcement for plastics
Click here to view the list of confirmed speakers.
View the complete programme here.
THIS IS GOOD FOR CERP!! The Dow Chemical Company ( DOW - Analyst Report ) continues to seek opportunities to optimize its portfolio by selectively divesting its assets. The U.S. chemical kingpin said yesterday that it aims to mop up nearly $1.5 billion from non-core assets sale over the next 18 months.
The move is in sync with the Midland, Mich.-based company’s portfolio management plans, which it revealed at its Investor Forum in Dec 2012, and its strategy to focus on high-margin, fast-growing businesses. Dow noted that it has identified two non-core businesses – Polypropylene Licensing and Catalysts and Plastics Additives – and will seek suitors for these units.
Dow’s polypropylene licensing and catalysts unit, a part of its Performance Plastics division, offers technology used to make polypropylene, a plastic polymer used in wide spectrum of applications. The plastics additives business, which belongs to the Performance Materials segment, supplies additives used in an array of applications including construction materials, packaging containers, appliances and electronics and automotive parts. Dow saw lower volumes across these segments in fourth-quarter 2012.
Dow has been activity engaged in portfolio management actions over the last few years. The company has jettisoned non-core assets worth roughly $8 billion since 2009. Dow, in Jan 2013, sold the stabilizers component of its plastics additives unit and agreed to divest its 50% stake in its Japanese joint venture, Nippon Unicar Company Limited. The company also sold its polypropylene business to Brazil-based Braskem SA in 2011.
Dow is also aggressively pursuing its cost reduction and efficiency programs. Clobbered by a challenging global economic environment, Dow announced a major restructuring program in Oct 2012. As part of the move, the company is slashing roughly 2,400 jobs, shuttering around 20 of its plants and pruning capital spending on low-priority projects. Dow targets aggregate cost savings of $2.5 billion with $1 billion expected this year.
Dow continues to witness slowing economic activity, largely due to the beleaguered economic conditions in Europe. Softness across end markets, especially in China, and weak pricing are denting its results. Weakness in the electronics and construction end-markets may continue into the first quarter of 2013. Moreover, Dow contends with volatility in propylene costs. It sees propylene costs to go up in the first quarter.
Nevertheless, Dow is benefiting from strong fundamentals in agriculture and food markets and is leveraging its North American feedstock advantage. A bevy of innovative products in its pipeline adds to its strength.
Dow currently retains a short-term Zacks Rank #3 (Hold)
Other companies in the chemical industry having favorable Zacks Rank are Akzo Nobel NV ( AKZOY - Analyst Report ) , Axiall Corporation ( AXLL - Snapshot Report ) and Air Products ( APD - Analyst Report ) . All of them hold a Zacks Rank #2 (Buy).
Nice example Thanks !! Costilla Energy - Commitment Letter
National Energy Group - Commitment Letter
OIL States International - Commitment Letter From Credit Suisse First Boston
W-H Energy Services - Commitment Letter
Newfield Exploration - Bridge Loan Financing Commitment Letter
Seitel - Wells Fargo Commitment Letter
Natural Gas Services Group - Commitment Letter Dated June 24, 2002
Atlas Energy Resources, - $850,000,000 Senior Secured Revolving Facility Commitment Letter
Hercules Offshore, - Commitment Letter With Ubs
Globalsantafe - Commitment Letter
Transocean - Commitment Letter
Transmeridian Exploration - Amended And Restated Commitment Letter
Macquarie Infrastructure - Commitment Letter
Txco Resources - Senior Secured Second Lien Term Loan Facility Supplemental Commitment Letter
Grey Wolf - Commitment Letter
KEY Energy Services - Commitment Letter Agreement
Stone Energy - Commitment Letter
Corning Natural Gas - Letter of Commitment Between CNG And CB N.a.
Geomet, - Commitment Letter Between NGP Capital Resources Company And Geomet, Inc.
Geomet, - Commitment Letter Between North Shore Energy, LLC And Geomet, Inc.
Geomet, - Commitment Letter
Magellan Midstream Partners - Commitment Letter
Corning Natural Gas - Letter of Commitment
Quicksilver Resources - Commitment Letter Agreement, Dated As of April 6, 2011, Between Quicksilver Resources Canada Inc. An