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I'm with you. There is an investor's conference call on the 27th. By then he will have to announce his plan on how to deal with listing, unless of course we are over a dollar by then ... not holding my breath.
Of course, he may be hoping that drilling news is enough to get us over a dollar. That may be his plan. But I still think I will wait. As you said, the run-up to the drilling results will still provide space to make a profit.
She dies a slow death until the company explains how they deal with the compliance issue. I would love to average down, but I'm not doing it until I have some reasonable information on how low "down" will be.
The dumping continues. What bad news do other know?
The dumping seems to continue despite some talk on other boards that it was related to a one time event. I like the look of this stock as a twelve month hold but the history of management as well as the BS on Yahoo has started to worry me.
Did not think we would see the teens again, but I think I am going to be wrong on that account.
Maybe by the end of this month it will be down to .15 or so. Then I could pick up cheap shares.
Not going anywhere, I added the other day and will again toward the end of the month as money becomes available. Not expecting any real news before the EOY report.
Assumed the increased interest on Thursday and the decreased interest today are tied to the new valuations, but it is just a SWAG.
Big blocks being sold. Either someone is upset that there has been no public release of the new valuations due out at the end of January, or they have seen the valuations and are trying to get out before they become public.
It will keep trending lower until management explains how it is going to deal with the NYSE issues. If reverse split is the plan, then get on with it. Don't let it keep dropping due to increased risk and THEN do the split. Do it now while it still has some value.
I just hope the company is not depending on the 3D to bring the price up enough to fix their NYSE problems.
Will a positive 3D really make that much of a difference? The fact that Tullow is interested indicates that the indicators are positive of a large reserve. They already sunk a non-productive well. Is anything other than a drilling schedule really going to make a difference at this point?
Have to agree. The company needs to explain how it plans to deal with delisting. As long as they don't, the risk increases and investors bail for greener pastures. Just the way it is.
A lot is riding on the EOY report, which is still a few months off. Should include the new valuations as well as some numbers from production. Doubt they will show a profit - hoping they will break even.
40 is a long way off. That may have to wait for later in the year when they might begin to turn a profit. At that point the new partnering strategy should be proven and the risk of dilution will begin to wane. But that could be several quarters from now.
I would like to think that she won't dip into the teens again, but who knows.
Whomever was accumulating seems to have gotten all he wanted. Low volume and the price begins to slowly wane. Still some time before end-of-year numbers. Could dip down to .20, but not banking on it.
If he was no longer interested he would have quit a long time ago. It has only been a 18 months since he fought us in court to take away the international rights to the technology.
Maybe he is getting older but I doubt that means he is giving up. JMHO
Considering that HDY management is now, for all intents and purposes, a headquarters without a purpose since Tullow is going to be conducting future drilling and development, do they really care if the NYSE delists the stock?
Would if be more harmful for shareholder value to do a R/S versus letting it fall off the market and into the OTC realm considering the SP is already so low? R/S are notorious for causing a drop in ultimate value where falling off the market may be less painful. They really don't need the credibility for outside investors. Tullow is footing the bill.
Last week we did not have a day where volume was below a half-million shares and this week is starting out the same. Seems like buying slows down once pressure starts to push the price above .24, but that could just be me seeing what I want to see.
It seemed that when we had volume there was a spike upwards. This is the first time in a while that volume=drop. Not sure if this is a harbinger or things to come.
Almost a million shares traded without a pop in price. That is the first time that has happened lately.
Interesting day. I think a little too early to call it.
Curious what the catalyst was for the last two days of high volume. I hope it was more than the SB Wire article, which seemed to coincide with the late day spike. A spike that was possible because the Wed and early Thur sucked up a lot of cheap shares, Zacks has been saying nice things for some time. Perhaps it was just timing. But I would like to see some positive news (which probably won't be out until the yearly reports in March.
But I hope I am wrong and you are right.
Maybe, but I see no reason to buy - at least not now. Drilling by APR 2014? ... that is a long ways off. The company has nothing else in the works, unless it decides to try again on its own. Just don't see any reason to invest in this one when there are others out there with potential in the next quarter or two versus a year out.
They might be able to convince the NYSE to not delist them. As I understand it the rules are intended to keep under-capitalized companies off the exchange. We may be ok considering our cash position.
It is going to take positive news to spark anything at this time. Way too much risk. Any Tullow news is going to have to be clearly related to HDY (i.e. mentions them by name) to have any affect.
Not to be a pessimist, but I see a reverse split, 10:1 bringing the SP up to $4.50 and then a decline down to about $2.00-3.00 range before the pre-drilling climb. That means an effective price of .30-.20 per share.
This is all just speculation, and I am not confident enough to sell what I do have at this price in hopes of buying back in at half the current value, but I will consider that with RS news.
Of course, the RS will remove the risk associated with delisting, so who knows.
Sorry, acronym alzheimer's.
A quick check of the historical price shows that April of 2012 was the last time SP was above a dollar for longer than thirty trading days. Is it safe to assume we have until April 2013 before we can expect to hear rumblings from the SEC?
I think you are misinterpreting the "less than five million" statement. I think he is talking about claims by creditors against the assets of the company. Claims like Turini's claim for a million plus in back pay. Which, to me, means that if Turnini took a deal for five million he would have Given Diac his share, paid himself the million plus that he claims he is owed and left the company broke.
But that is old news. Now we go to court to see if this patent has any value other than a magnet for people who want to claim its is the Holy Grail of the communications world in order to draw in investors and fleece them of their money.
No, I think we are fine. We may not win on every count but I believe there is enough to take this all the way. I was commenting on Woops interpretation that the Markman results spell defeat. There is a (one) motion on the table for summary judgment. If the court's interpretation of the terms leave no legal way for us to prevail, then the judge should decide in favor of T-Mobile. I do not believe that is the case.
An interlocutory appeal is possible, but that would delay the proceedings. I am sure that if our legal team felt that there was no way they could win with the definitions we have then they will be filing that appeal any day now. Even if it significantly reduces our chances I would think they would file.
I guess I will wait to see what our legal team does. At this point I don't think we are in as dire straights as Woops does, but who knows ...
If you are right in your assessment then T-Mobile will win their motion for summary judgment (since these are matters of law, not of fact), and we can move directly into the appeal of the definitions. Either way, things will progress quickly over the next 3-9 months.
Its dead money for at least three more months if not more ... meanwhile the clock keeps ticking on delisting. The company needs to solve that problem first. I don't think it is realistic to depend on a pre-drilling run that will probably not happen for a few more months to keep the SP above a buck for thirty days straight.
... doesn't mean I can't ask
My guess is the same as yours - she drops slowly until something changes that dynamic, and I don't think the 3D is going to be enough.
I think I will sit on the sidelines and watch things develop.
The question in my mind is, how much risk of delisting is currently priced in? If the listing issue went away (obviously only a hypothetical at this point), what would the price be? If it is not priced in, then as time runs out the price drops. If not, then nothing happens. Hard to tell.
Not pessimistic in the long term. Just don't want to see us fall out off the exchange.
I would love to believe that things are going to get better on their own, but I would prefer to plan for the worse case scenario.
It is not just bursting up to $1.00 - it has to stay there fore 30 consecutive days. That has not been the recent record.
"An issuer will be considered to be below compliance standards and accordingly may be subject to suspension and delisting if the average closing price of its listed security is less than $1.00 over a consecutive 30 trading-day period. Once notified that the issuer is below compliance, the issuer has six months to bring its share price and average share price back above $1.00. The issuer must, however, notify the NYSE, within 10 business days of receipt of the notification, of its intent to cure this deficiency or be subject to suspension and delisting procedures. A failure to satisfy the minimum price requirement will be deemed cured if the
price promptly exceeds $1.00 per share, and the price remains above $1.00 per share for at least the following 30 trading days.(NYSE Manual Section 802.01.C.)
See http://uk.reuters.com/article/2009/02/24/us-nyseeuronext-sb-idUKTRE51N5EO20090224 for talk of easing the rules, but they are still in force.
I agree with the assessment on the RS, but what is the incentive to buy now? in four or five months, yes. But not now. That is the problem we have. No big news other than the 3D. So nothing to push price up.
I am not afraid of a RS, I am more afraid of what will happen without it. As you noted, a road show on a delisted stock is no easy sell.
Tullow news is out and the deal is done. IMO 3D won't increase the price (but it will probably keep it from dropping further). It certainly won't get us up to a dollar. And there are many months before we can expect a pre-drill run.
My only question is, what will the ratio be? I think 1:4 or 1:5 is fine. Keeps the price low enough investors are willing to get in. Too high and it puts a damper on things.
Market is not being friendly even with positive news. Perhaps people are still skiddish due to the dilution earlier this year.
So it would appear that the Tullow deal is already priced in. What about the stock listing issues. We are probably not going to see a dollar any time soon. The pre-drilling run-up would not be until this summer. Does the RS look more likely now? If so, what ratio are we looking at?
Grrrrr ... I know, I had to up my bid. Oh Well, such is life...
Happy New Year.
... and the sell-off begins ...
To be honest, it is kinda what I am hoping for. After the 31st I suspect the price will not dip below .20 unless management continues to make promises they can't make good on. Even so, property valuation after the first of the year should have a positive effect -- enough to keep it from dipping into the teens again.
Is this enough to forestall an end-of-year sell-off?