Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If they initiated a buyback the SP would not stay this low. It would immediately double from current level just on the PR. Besides, RXMD would have to issue shares to make it happen right now.
Once the new locations show an ability to pay for themselves and knock out the debt a buyback could be realistic. But even more realistic would be using that cashflow to acquire more locations.
[EDIT] Plus I'm not sure what the ramifications are of performing a buyback while convertible notes still exist. Seems like clearing up any debt involving notes would be in order before even discussing buyback options.
There are 1,613 listed as dividend stocks. But only 1,491 that have a yield above 0.00. The list appears to be primarily banks, life insurance companies, financial companies in general with a few utilities thrown in.
RXMD is a growth stock. It's for people who have vision. It's not for everyone.
As has been stated many times, the market does not reward long-term plans in the near-term. In fact, those plans are often penalized. That's what makes it a good buy if you have patience and believe in the direction of the company.
Mercuria was given 30% of shares a year ago as part of their agreement to provide the trade facility, which later turned into the DIP loan. That was all a couple months before the BK filed in November.
He's half right. I think he just got the conventional wisdom a little mixed up.
Trade charts, invest in fundamentals.
Some tickers offer the opportunity to do both.
I voted no. Not really concerned how the vote goes either way. I would just like to see the vote fail with the commons to test whether they overrule with their super-shares. More interested to know if that power actually exists and if they are willing to use it against the will of the shareholders.
That is very good news! Sounds like that loan is more of a safety net and not that crucial to continuing operations. Slow drawing on that kind of stash will allow WIN to leverage the situation in their favor bigly!
RXMD is up 1000% from 4 yrs ago while being unregistered. Speaky finance???
Doesn't sound like it.
My first time having LTUs as well. I also have them split between 2 accounts, 40% in my ROTH and 60% in my regular brokerage account. The weird part is my ROTH account shows the individual tax lots for the shares, my brokerage account doesn't. You would think it would be the other way around.
But since disbursements would be for all shares at once and not based on sale of shares, I believe they would be considered income regardless. I don't see how capital gains could apply.
I agree, just seemed like you were suggesting the opposite.
I believe the terms were 3 yrs. So that's not pushing it off. That's called paying on schedule.
ANW*Q shares were converted to LTUs. Non-tradeable now. Still holding and waiting for debt to be reconciled, could be disbursement to LTUs once that's all cleaned up. They are about 90% through that process. Answer on disbursement likely before EOY, possibly even next month.
Interesting, so you think LTUs will be tradeable again once disbursements begin?
The market does not reward long-term strategies in the short-term. Until acquisitions start to help with overall profit the SP will continue to be depressed. Revenue growth is great, good indicator on an expanding company. But SP won't increase until that growth translates to profits.
This is still a good period to be adding, or even starting a position. The business model is not flawed. We're only in one stage right now.
I believe there are 2 different divisions of AMEX involved. The $22M claim was 1 division as a creditor. The other claim that was withdrawn was a different division of AMEX that submitted claims for fees based on work done on the RSA.
I'm sorry I don't have the docket numbers or other details.
Aren't you supposed to say something like on the second Tuesday of the dawning of the Age of Aquarius?
IR wasn't factoring in anything. He wasn't even speaking on this case specifically. He was talking about these types of cases generally.
Did you own this pre-Q? How does filing a claim help unless you sold?
Not AMPHI
AMPNI Aegean Marine Petroleum Network Inc (ANW)
AMPNI is the Aegean Marine that Mercuria acquired, which was previously acquired from Melissanidis in 2016 by activist investors. AMPNI was sister company to Aegean Oil & Gas (still owned by Melissanidis) , so probably both run from the same offices originally. That's why Melissanidis still had tons of access, both physically and virtually, after the sale. He should not have had that access any longer, but he did. And he used it to commit the fraud and later take control of their data systems once they were onto him.
Actually I think the fraud was already underway upon sale of ANW, and the sale was part of the scheme to keep the cash while selling off fraudulent Accounts Receivables. And he used his illegal access to try and cover his trail. But it became uncovered during the audit.
Those were already separate companies. Melisanidis sold AMPNI in 2016 and separated it from Aegean Oil, which he retained ownership of. So now I get why he still had offices in the same building and was able to do all the intimidation tactics, and access company computer records and physical files.
https://en.wikipedia.org/wiki/Aegean_Oil
I only know what I read months ago. If he is just down the street he may have more current information.
That's not Viola. Somebody playing games trying to draw attention. Dump shares 1 day so it closes at zero. Then buy 1 mil the next day so it shows 9900% increase and starts tripping screener alerts.
My recollection is that Melissanidis has been gone for quite some time. He had electronic access and was still able to login and control things externally. He also had cohorts who were stealing physical records and files after he left. But pretty sure hasn't been on the premises for at least a year and probably closer to 2.
That doesn't really seem like a reasonable response IMO. Defeats the whole purpose of an escrow, which is to hold assets pending completion of a transaction between multiple parties. Not reserving your claim as one of the interested parties until after it's ready to be settled seems a little shady to me. I would demand they update your share status immediately. They've had weeks to complete this.
Big deal, that's a 28 cent transaction. May as well have been a zero volume day. I smell MM games, trying to create a panic so people stack the ask back up.
That's very good news! SP could languish until we get close to next Q report. But I expect .0001 to be constantly nibbled at until then. If everything plays out right this could be a great level to accumulate with high confidence that .02 will be the bottom post-split.
We'll see. There's zero evidence yet that financing will be toxic/dilutive. Indicators are to the contrary even.
I don't think so. Resulting OS will be only 23m. With an operating and profitable business there won't be any dumping and SP won't be sinking back down. The real key will be whether AS gets reduced also. When Viola addresses that question is when DCAC will either truly be dead or start to take off.
the bankruptcy is complete. Aegean is now operating as Minerva, wholly owned by Mercuria. The stock is gone and converted to the LTUs. Resolving the claims against the old Aegean is an independent process from the restructuring.
Could you send me a link to where you bought your crystal ball? I think I might like to get one for myself!
Who is your broker? May just be the way they display it in your portfolio. Is it clickable? Try clicking on it for more information.
Y00ESC015 is the number we all should have. It was changed from the original CUSIP to this escrow # for purposes of managing the trust. Whatever shares you have of Y00ESC015 are eligible for distribution.
No storm, just MAKE IT RAIN!!!
We're also denied the opportunity to claim a loss for the same reasons. So balances out IMO.
A third of my shares are in my ROTH IRA, so at least that portion will be tax free regardless. :)
What he means is that when you view the ticker in your portfolio you can no longer view the tax lots. It's not that he can't figure out when he bought them. It's that the broker no longer distinguishes one purchase date from another.
It also means that no cost basis can be established. I'm no accountant but I'm expecting that whatever distribution we receive may be tax-free.
*FLUSH*
Or an acorn to an oak tree . . .
In the grand scheme I don't believe Mercuria is that concerned with how much they get back off the shares they hold. If anything it's more about the insiders and making them whole for their shares at the end, which also helps the rest of us.
At $3/sh that's pretty small potatoes for Mercuria just in this deal alone, nevermind their business overall. But $3/sh for me is enough to change my life.