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.
The Zika Virus is so severe that last month President Obama signed into law a bill aimed at encouraging pharmaceutical companies to help combat the Zika virus and develop vaccines. Now, microcap PositiveID is front and center of the war on Zika.
Currently trading with a market cap of just $6 million, PSID is an exciting story on the OTC Markets. The story just got a lot better with the Zika news. This positions the company to tap into possible government funding. Investors now realize the Firefly Dx prototype system is for real and there are now multiple uses for detecting a number of pathogenic organisms which will save time, money and lives. This puts PSID on track to becoming a market leader in the mobile technology vehicle market.
http://www.insiderfinancial.com/positiveid-corporation-otcmktspsid-delivers-big-news/115642/
“Last year the disease was detected in the Americas, where it is spreading explosively,” Margaret Chan, the WHO director general, said at a special briefing in Geneva. It was “deeply concerning” that the virus had now been detected in 23 countries in the Americas, she added.
One WHO scientist estimated there could be 3-4m Zika infections in the Americas over the next year.
http://www.theguardian.com/world/2016/jan/28/zika-virus-spreading-explosively-says-world-health-organisation
$1.9 billion proposal to combat Zika
President Barack Obama on Friday urged lawmakers to take up his $1.9 billion proposal to combat Zika, suggesting anything less would leave the U.S. vulnerable to the mosquito-borne virus that causes birth defects.
http://edition.cnn.com/2016/05/20/politics/obama-zika-briefing/index.html
90.623.201 - short last two days
44,117,191 shares shorted today
44,117,191 - 05/26
46.506.010 - 05/25
90.623.201 - last two days
http://otcshortreport.com/index.php?index=psid#.U6Z2sOmTErG
$1.9 billion proposal to combat Zika
President Barack Obama on Friday urged lawmakers to take up his $1.9 billion proposal to combat Zika, suggesting anything less would leave the U.S. vulnerable to the mosquito-borne virus that causes birth defects.
http://edition.cnn.com/2016/05/20/politics/obama-zika-briefing/index.html
The company reported 1Q16 results on May 17, 2016, with highlights as follows:
Revenues rose to $1.7mn, with growth coming primarily from momentum in the mobile labs business at E-N-G
PositiveID also appeared to benefit from scale, as 1Q16 operating losses narrowed from 1Q15
PSID issued a strong outlook, calling for continued growth throughout the year and a push towards reaching cash flow breakeven by FY17E
Highlights of note are as follows:
Acquisitions drive growth in 1Q16; tracking well with top line guidance for FY16E
PositiveID reported strong top line results in 1Q16, with revenues rising to $1.7mn from $0.1mn in 1Q15. The results were driven primarily by the acquisition of E-N-G, which experienced growth in its mobile labs business. We note that the company appears to be well on its way to meeting its FY16 guidance of $5mn - $6mn, and are maintaining our 2016E revenue estimate of $6.0mn, which would represent more than 100% revenues growth over 2015 revenues of $2.9mn.
Positive Outlook for 2016
PositiveID management issued a positive outlook for the remainder of 2016. In the company's 1Q16 earnings release CEO William Caragol stated that he believes PositiveID's "top line will continue to improve throughout 2016" and that the company can "make additional strides to improve gross margins and meet our goal of achieving cash flow positive." Although we acknowledge the inherent variability from quarter to quarter in PSID's business lines, we are encouraged by this commentary and the degree of growth in 1Q16. Indeed, the combined company's results showed healthy double-digit growth even when comparing to 1Q15 pro forma, as-if-consolidated revenues of $1.4mn. Moreover, the company appears to have continuing strong momentum in its mobile labs business, as PositiveID noted in April that it had shipped a $700,000+ 40-foot, BSL-3 compliant mobile laboratory, which will be recognized during 2Q16.
46.506.010 shares shorted yesterday
20160525|PSID|46506010|0|107278256|O
http://regsho.finra.org/FORFshvol20160525.txt
http://regsho.finra.org/regsho-Index.html
http://otcshortreport.com/index.php?index=psid#.U6Z2sOmTErG
$5mn-$6mn in FY16 revenues
SeeThruEquity Issues Update Note on PositiveID Corp. with a Price Target of $0.15
(before zika news. with zika much higher)
http://finance.yahoo.com/news/seethruequity-issues-note-positiveid-corp-130000079.html
before zika news. with zika much higher
“Last year the disease was detected in the Americas, where it is spreading explosively,” Margaret Chan, the WHO director general, said at a special briefing in Geneva. It was “deeply concerning” that the virus had now been detected in 23 countries in the Americas, she added.
One WHO scientist estimated there could be 3-4m Zika infections in the Americas over the next year.
http://www.theguardian.com/world/2016/jan/28/zika-virus-spreading-explosively-says-world-health-organisation
The Zika Virus is so severe that last month President Obama signed into law a bill aimed at encouraging pharmaceutical companies to help combat the Zika virus and develop vaccines. Now, microcap PositiveID is front and center of the war on Zika.
Currently trading with a market cap of just $6 million, PSID is an exciting story on the OTC Markets. The story just got a lot better with the Zika news. This positions the company to tap into possible government funding. Investors now realize the Firefly Dx prototype system is for real and there are now multiple uses for detecting a number of pathogenic organisms which will save time, money and lives. This puts PSID on track to becoming a market leader in the mobile technology vehicle market.
http://www.insiderfinancial.com/positiveid-corporation-otcmktspsid-delivers-big-news/115642/
NEWS _________ NEW SALES, CAMWATER, PROJECT UPDATE, AND DEBT REDUCTION
https://redbirdsystems.info/2016/05/17/new-sales-camwater-project-update-and-debt-reduction/
this should have a day like APHD :D
CEO Acquires $12,555.88 in Stock
Cardinal Resources Inc (NASDAQ:CDNL) CEO Kevin R. Jones purchased 627,794 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $0.02 per share, for a total transaction of $12,555.88. Following the purchase, the chief executive officer now directly owns 42,380,538 shares in the company, valued at $847,610.76. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
http://www.americanbankingnews.com/2016/05/13/cardinal-resources-inc-cdnl-ceo-acquires-12555-88-in-stock/
Insider Buying : Kevin R Jones Buys 627,794 Shares for $10,391.66
http://www.themarketdigest.org/201605/cardinal-resources-inc-cdnl-files-form-4-insider-buying-kevin-r-jones-buys-627794-shares/350677/
The Board of Directors of Cardinal Resources and 8 stockholders holding an aggregate of 80,264,440 shares of common stock issued and outstanding as of November 6, 2015
Name
Affiliation
Shares of Common Stock Beneficially Held
Percentage
Kevin Jones (1)
President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary, Director, and greater than 10% holder of common stock
32,075,044 22.5 %
Barbara Jones (1)
Executive Vice President –Sustainable Systems
11,810,620 9.5 %
Carol McKee
Not an affiliate.
8,147,124 5.7 %
Jason Sundar
Not an affiliate.
8,021,000 5.6 %
Benjamin Conde
Not an affiliate.
8,000,000 5.6 %
Adrian James
Not an affiliate.
7,000,000 4.9 %
Joyce O’Connor
Not an affiliate.
4,010,652 2.8 %
Peter Nalle
Not an affiliate.
1,200,000 *
TOTALS
80,264,440 56.70 %
http://ih.advfn.com/p.php?pid=nmona&article=69412557
" The first tranche contemplates the issuance of 36,000,000 shares of common stock at a purchase price of $3,750,000 or $0.10417 per share. "
8-K Dec 16, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11064565
April 4, 2016 ; 512,897,371 shares that were outstanding
http://ih.advfn.com/p.php?pid=nmona&article=71072111
Trading Date Type Shares Traded Price Shares Held
6 Apr 2015 Buy 2,000 $0.09 24,979,367
http://www.reuters.com/finance/stocks/insiderTrading?symbol=CDNL.PK&name=Jones+(Kevin+R)
Sales of three of the Company's Red Bird systems to HSVW, including one mobile unit, one CRB 20 and a CRB 40 unit. Total revenue from these sales is approximately $675,000.
Meetings in Xinjiang Province with Chinese Government and commercial officials on potentially large (over 85-unit), multi-year orders for Red Bird units.
3 = $675,000 ( ~~ $225.000 unit)
85 = $19.125.000 x multi-year orders
"We have two. Work on agricultural chemical sites. Environmental and Feasibility studies. These were previously reported."
https://twitter.com/krjcardinal/status/730120563671339009
NEWS - Cardinal Resources Receives Initial $1.1 Million Tranche; Equity Investment at $0.10 per Share from Asian Partner HSVW
http://www.cardinalres.com/media-center/press-releases/detail/88/cardinal-resources-receives-initial-1-1-million-tranche
" The first tranche contemplates the issuance of 36,000,000 shares of common stock at a purchase price of $3,750,000 or $0.10417 per share. "
8-K Dec 16, 2015
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11064565
Appaloosa Management Calls for Probe of SunEdison
Hedge fund seeks independent examiner for renewable-energy firm
Hedge fund Appaloosa Management LP is calling for an independent bankruptcy probe of solar power project developer SunEdison Inc. ENLARGE
Hedge fund Appaloosa Management LP is calling for an independent bankruptcy probe of solar power project developer SunEdison Inc. PHOTO: ASSOCIATED PRESS
By PEG BRICKLEY and TOM CORRIGAN
Updated May 3, 2016 5:42 p.m. ET
0 COMMENTS
David Tepper’s Appaloosa Management LP is calling for an independent bankruptcy probe of SunEdison Inc., the solar-power project developer that filed for chapter 11 protection amid failed deals and federal probes.
Appaloosa is a shareholder of TerraForm Power Inc., one of two companies spawned by SunEdison as part of the financial engineering that fueled its growth.
Beginning last year, SunEdison’s finances began declining almost as swiftly as they had grown, as investors lost confidence it would be able to cover a mounting pile of debt with profits from alternative energy projects.
Appaloosa helped push SunEdison down the path to bankruptcy with Delaware court action over a $1.9 billion merger with Vivint Solar Inc. that involved TerraForm Power. The deal was scrapped earlier this year after banks balked at providing the funding.
Litigation continues, with Appaloosa seeking permission to unseal papers from the Delaware case. Bankruptcy creditors would like to know what the hedge fund found out about SunEdison’s activities last year, when it was seeking to save the Vivint deal, lawyers for the hedge fund contend.
Advertisement
“Appaloosa has become familiar with the questionable prepetition conduct of SunEdison’s senior management symptomatic of the myriad reasons why the appointment of an examiner is appropriate in these cases,” lawyers for the hedge fund wrote in a filing Tuesday in a New York bankruptcy court.
Representatives of SunEdison and affiliates TerraForm Power and TerraForm Global Inc. declined to comment.
In an unusual move, SunEdison asked on the first day of its bankruptcy proceeding to have an examiner appointed. Judge Stuart M. Bernstein delayed a ruling on the request from the company, which followed on the heels of admissions from SunEdison that it is being investigated by the U.S. Justice Department and Securities and Exchange Commission.
The Justice Department and SEC are looking into SunEdison’s prebankruptcy dealings, issues that are also expect to get the attention of creditors.
According to Appaloosa, the limits SunEdison wants to impose on the bankruptcy examination, including a $1 million budget and 60-day timeline, would inappropriately restrict the work. “There is no reasonable basis to include an upfront limitation on the fees and expenses an examiner may receive,” Appaloosa’s lawyers wrote.
The hedge fund says SunEdison’s creditors need a voice in the selection of an investigator, and the investigator should have more time and the budget necessary for a thorough look at SunEdison.
SunEdison’s newly appointed official committee of unsecured creditors has yet to weigh in on the crucial question of a bankruptcy probe. Vivint, one of the takeover targets left in the lurch by SunEdison’s financial fall, holds a seat on the panel.
The official creditors committee has hired two bankruptcy powerhouses, Weil Gotshal & Manges LLP and Morrison & Foerster LLP, to represent it in the SunEdison bankruptcy proceeding.
TerraForm Power and TerraForm Global are SunEdison “yieldcos,” companies set up to buy completed alternative power projects developed by SunEdison, with cash from outside investors. They haven’t filed for bankruptcy protection, and they say they are financially sound on their own despite having their growth prospects limited by SunEdison’s troubles.
The TerraForm companies have put in an appearance as creditors of SunEdison, and are a potential sources of value for creditors. Before the bankruptcy, TerraForm Global sued SunEdison, accusing it of shoring up its shaky finances with money intended for projects. SunEdison has denied wrongdoing.
The company, the world’s largest renewable-energy developer, was valued at nearly $10 billion as recently as last summer, but had only about $18 million in cash on hand at the time of its chapter 11 filing.
Write to Peg Brickley at peg.brickley@wsj.com and Tom Corrigan at tom.corrigan@wsj.com
NEWS - David Tepper's Appaloosa Management LP is calling for an independent bankruptcy probe of SunEdison Inc. ,
the solar power project developer that filed for chapter 11 protection amid failed deals and federal probes.
Appaloosa is a shareholder of TerraForm Power Inc. , one of two companies spawned by SunEdison as part of the financial engineering that fueled its growth.
Beginning last year, SunEdison's finances began declining almost as swiftly as they had grown, as investors lost confidence it would be able to cover a mounting pile of debt with profits from alternative energy projects.
Appaloosa helped push SunEdison down the path to bankruptcy with Delaware court action over a $1.9 billion merger with Vivint Solar Inc. that involved TerraForm Power . The deal was scrapped earlier this year after banks balked at providing the funding.
Litigation continues, with Appaloosa seeking permission to unseal papers from the Delaware case. Bankruptcy creditors would like to know what the hedge fund found out about SunEdison's activities last year, when it was seeking to save the Vivint deal, lawyers for the hedge fund contend.
"Appaloosa has become familiar with the questionable prepetition conduct of SunEdison's senior management symptomatic of the myriad reasons why the appointment of an examiner is appropriate in these cases," lawyers for the hedge fund wrote in a filing Tuesday in a New York bankruptcy court.
Representatives of SunEdison and affiliates TerraForm Power and TerraForm Global Inc. declined to comment.
In an unusual move, SunEdison asked on the first day of its bankruptcy proceeding to have an examiner appointed. Judge Stuart M. Bernstein delayed a ruling on the request from the company, which followed on the heels of admissions from SunEdison that it is being investigated by the U.S. Justice Department and Securities and Exchange Commission .
The Justice Department and SEC are looking into SunEdison's prebankruptcy dealings, issues that are also expect to get the attention of creditors.
Write to Peg Brickley at peg.brickley@wsj.com and Tom Corrigan at tom.corrigan@wsj.com
(END) Dow Jones Newswires
05-03-16 1731ET
Copyright (c) 2016 Dow Jones & Company, Inc.
Sunedison (SUNE) Stock: Is There Any Chance Of A Recovery
http://cnafinance.com/sunedison-sune-stock-is-there-any-chance-of-a-recovery/9012
"there are many financial experts who are confident that SunEdison can return to success."
http://learnbonds.com/128497/sunedison-bankruptcy/
Level II free for all
http://www.otcmarkets.com/stock/SUNEQ/quote
breakout imminent
Speaking of cancellation of shares days after going into bankruptcy is just one word: IDIOT.
Cancellation (and if applicable) only for several months or years, if ever.
Anyone who has followed several cases of bankruptcy knows that. The goal is to scare those who do not know how this works.
And do not forget that there is something special in this company, over 50% are short.
Notice an important thing.
With me it is not the fact that buying cheap to sell 10 x more.
If it greed that it had already bought 5, 4, 3, 2, 1 $, $ 0.50 or less.
I bought to 0.21, or expected total loss, the sale of institutional, all that.
What I see is that over the years, all these big companies go bankrupt, always rise at least 2 x.
And it's not very normal company announced 20 Billion in assets and 16 liabilities. Usually when you go bankrupt, the numbers are reversed.
So I consider this to be an investment with the possibility of a good return.
If the shares can be canceled, can, can but not at this stage, but much there forward.