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I would look for a R/S announcement after close tonight along with an update to shares issued in Kalani sales this week ... Guessing around 35 million shares out now personally
If they don't R/S tomorrow night I may pick some up Monday pre-market ... I covered all my shorts and have made a killing since February, but the climate may have changed and my ATM may be closed on that front...
Could be I miss being short for this R/S and the huge profit that would entail but the risk of being short for tomorrow is more than I can stomach right now...
Any thoughts on the size of the next R/S? My thoughts are 10 to 1 R/S announced after the close tomorrow...
If there is no formal agreement between CCTC and WNEC yet could it be dependent upon the results from the new round of tests they haven't started yet?
Do we even know the royalty/licensing structure between CCTC and WNEC yet...?
Or is all we know that WNEC will be funded through PJ for 80 mil if they build a plant but no formal agreement with CCTC yet?
For lack of a better way to explain it... History & the President ... Let me explain...
History of CCTC has been less than stellar to say the least... So while I have deemed CCTC worthy of an allocation from the "dream and a prayer" part of my cash portfolio which lately has been reserved for early stage Biotechs and pot stocks....I am not 100% sold that the things they PR will happen in a reasonable time frame or at all... However living in Wyoming I have seen that for better or worse Wyoming is a believer meaning Gov. Mead and that should be enough to move things forward here in my opinion... I also find it hard to believe Trump at times because about 1/2 of what he says he will do he flip flops on or just plain lied about so when he says he wants to save coal I don't know whether to believe it or not...
I hope one day this company's behavior and performance will match their PR's but until that day I know I risk 50-100% of my investment here if they can't get a plant in Wyoming up and going...
As I listened to them on the podcast talk about the stock price and a disconnect from the company I laughed because I know that disconnect exists because of Management's behavior both past and current... I think when ground breaks in Wyoming the disconnect will start to disappear and at that point maybe an uplisting will become possible at the current share price at that time... Until investors have more clarity on the ground Breaking I feel there is to much risk of downside to buy more at these prices...
As per you own numbers anyone who bought around 5/18/17 at .085 would be up damn near 50% right now... So shorting isn't the only way to make money here it depends on the price you paid for the shares... I agree that if you in long all year you are down... However I am in at sub .10 and am up about 30% which isn't to shabby either
I agree ... Until the market sees something happening it will not react to fluffy podcasts as it has been fooled by those to many times before here...
By something happening I mean:
DOE Grant
Ground Breaking in Wyoming on a plant
Completion of the additional tests they haven't even started yet but have talked about for months
Etc Etc Etc ... Revenue obviously would be a great place to start
~ Seems to me this stock will stay in .089- .139 range for the foreseeable future
I know they are looking to create some excitement and a PPS increase to try and avoid a R/S to be able to uplist exchanges but the market/people don't seem to be taking the bait right now...
Seems past behaviors have put the market in a "show me" don't "tell me" stage of reacting to CCTC's PRs
Those words do not bother me as I understand the forward looking nature of them ... What bothered me was the haven't started additional tests they have been talking about for months now... And no mention of when they will start... Ok you will move to Wyoming after they are complete but no time frame what so ever on it
At least it started on time?
I see it as a pumpcast.... Goal posts have been pushed back... And did he really just say they haven't even started the additional testing they have been talking about for months yet?
I tend to agree with you... But we will find out soon enough
He is right about the date... It clearly says June 29 2017 (Date of Event which Requires Filing of this Statement)
As you may or may not remember I am holding over 100k shares so I really really ..and let me stress REALLY hope history is not repeated in a fluffy PR Pumpcast but as function of my personality I tend to brace for the worst and if something other than that happens I get to be pleasantly surprised...
I do sincerely hope that CCTC has meat in the announcement tomorrow and approval for a r/s hadn't even crossed my mind so thanks Cartman for that... Although I do have to admit that it could possibly happen and like WC noted it might not be as crushing to the PPS as the overwhelming majority of r/s tend to be if coupled with the right news...
Yeah I don't expect any PPS movement(well maybe down as short term speculators rush to sell) on the pod cast tomorrow. I as many do expect it to be a pumpcast that pushes the goal posts back until 2018. I don't expect any update on the DOE grant or Piper Jaffray's 80 million funding. I don't expect any meaningful update on the additional tests for the DOE or the move to Wyoming. I don't expect any questions to be answered about the mystery consortiums they are involved with..
I do expect to hear alot about the wonderful climate for clean coal right now ... yada yada yada ... India ... yada yada yada ... Australia ... Blah blah blah blah ... China ...
I hope I am wrong I really do.... But history is on my side
Oh man I hope so it would be a great spot to open new short positions...
Yeah you are not familiar with what split adjusted means are you...
I am sure that price is split adjusted and the stock never hit anywhere near that dollar figure
Laugh
Was able to find shares to short at $1.42... I saw this bounce today as a perfect short opportunity...
Been working great so far today....
I don't think it means anything for CCTC ... That was a coal gasification project that didn't work out in part because they kept changing the original design for the plant to get extra federal grant money... The project was always poorly managed and several billion over budget...
It isn't unfathomable for CCTC to be in the same scenario in a couple of years if they have issues with managing their project... And let's face it these guys are not exactly the best management team around...
Yeah that is correct... There is the very slim possibility those shares were an options purchase instead of an award or grant that would have cost him nothing...
If they were a purchase that should show up in the next 10Q though or at least the cash they received from any sale options or otherwise should...so we will know definitively soon enough...
Actually there is evidence that Neary did not purchase though shares.... As much as I hate to admit Cartman has been right about something here ... He is right about that...
On the form Four in box 3. where there is an uppercase A listed as a code that means award... If it we're a P it would mean purchase...
In Box 4. where there is an uppercase A it refers to acquired.... But in Box 3. It means Award...
You are correct the balance sheet doesn't look bad at all anymore... And it shouldn't being they have raised over 500 mil this year so far with Kalani
The balance sheet looks great ... It is the lack of investor confidence because of his constant dilution and R/S approach to acquiring new ships that keeps the PPS here so low... If he ever stopped this could sky rocket ...
However he has shown no intention of stopping and Everytime a deal with Kalani ends he starts another within a week... These days they are taking several R/S to complete...
So much money for shorts to make!
I covered my shorts from last week today ... I shorted at 1.82 or 9.10 split adjusted and covered today at $2.52...$$
Having checked my trades from both Fidelity and Interactive Brokers I have shorted this stock 17 times since February of this year and made an average of 52% per short... None of the shorts have lost money with the lowest profit being 26% and the highest being 76%
I have no intention of stopping shorting this cash register until Kalani quits selling shares because until dilution is over the only way the PPS can go is down... Will probably get an opportunity to get short again next week as I expect Kalani to slow dilution and let the PPS pop up again at some point early next week...
You will probably be writing it off
I agree at certain points you can get caught on this especially if dilution ends but until Kalani is done murdering the PPS it is a very safe short... GE needs the rest of that money and he obviously doesn't care what it does to shareholders money...
Best of luck Toxic
I will be buying some shares soon to cover my short positions...
I don't know why someone would go long or who bought the shares I shorted at $1.82 last week... Which is the equivalent of $9.10 split adjusted and with DRYS trading at or below 3.00 now....
Just saying you can make money played the right way
Well actually ...
Other companies do reverse splits at the same frequency as DRYS... Difference is they trade OTC pink sheets etc...& You never hear about it...
I do agree Nasdaq has no one else behaving this way and I honestly can't recall any company being this bad about it on a major exchange, however that doesn't make it illegal...
I do agree someone SEC/Nasdaq... Somebody needs to stop this behavior but that isn't gonna happen from a group of regulators that literally needed to make 1 phone call and Madoff would have been toast years earlier ... So don't expect much
Short Sellers are most certainly investors they just aren't invested in the bright future of the company as they chose to invest in it's failures... And in the case of DRYS this has been one of the great short plays of all time... Mainly because the best you can hope for is the company goes Bankrupt and you don't return the shares... But here you can short and a few days later cover for 40-50% gains and then short again assuming you find shares for the same 40-50% gains then again... And again and again and again and again... You get my point
Never tried TD but I do use IB and Fidelity to short DRYS... Most recently Fidelity had shares when I didn't .... The cost for shorting this is getting absurd though... Not that I can blame them with so many R/S
I agree that Wyoming doesn't have any skin in this game that anyone knows of yet...
That's why I never said they did... I said Govenor Mead and his wife do on a political level...
There is a big difference sir and yes that is the way it works here and everywhere... When a politician publicly supports and promotes a project if that project fails they look bad & this happens regardless of any investments they made or approved or didn't make... Failure is ammunition for ones political foes and you are smart enough to know this already...#agitator #potstirer
I disagree ...
They are investing in the project...
It is called political capital and for a man who barely won the Govenorship with 54% of the vote in 2014 it actually does matter...
He has attached himself to this for better or worse and the Wyoming voter will not forget that... Now I am now t saying it is all PPS gains and champagne from here on out because he could easily have been fooled and making a mistake here it is certainly a possibility but to suggest he has no skin in the game is also absurd.
They could have included who was invested in WNEC, however Wyoming law doesn't require this information when forming a corporation. So it leaves you in the awkward position of feeling like something shady could possibly be happening even though they are following all applicable state laws. I am personally concerned by this because of CCTC's past, however this is the talk of the town in Cheyenne even where I work at Holly Frontier's oil refinery.
I will be in Gillette toward the end of the week and imagine it will be the talk of the town their as well. We will see when I hit the diner in the morning for coffee. Govenor Mead's and his wife are hyping this non stop as well... I find it hard to believe they would be doing that if they didn't believe it was going to happen(touting job creation the building of two not one but two million-ton coal facilities in Wyoming) They are both giving interviews on the radio touting a possible savior for Wyoming coal and the states revenues(yeah we use the radio in Wyoming still)...
It is clearly two 1-million ton plants... The rest of your complaints are valid though...
It is a good and costly learning experience...
Dry Ships does that....
So when people post about cash on hand and value of the ships and the stock should be valued much higher...this is why it isn't... Right here R/S four in 6 months of 2017...
I don't disagree on paper if the CEO, George E, didn't dilute and R/S at the pace of every six weeks then these people would be right, however since he does the PPS will never be stable or grow shareholders value and shorting g this thing is the only real money making play...
I bet all those people who bought last week near two bucks as shorty was supposedly being squeezed are a touch disappointed today...
I managed to find shares to short last week at $1.82 through Fidelity the equivalent annual interest was just over 100%...
This R/S comes at a perfect time for me... Sadly neither Fidelity or Interactive Brokers has any i can short right now
Should be around $4.50-5.00 a share after the R/S and something like $2.00 by Friday close as Kalani will pump out shares at the higher PPS trying to finish out the $119 million or so left in dilution...
One reason is all the R/S make it the perfect stock to short.
Another reason is plain old greed everyone thinks it could rocket to $100.00 or so like it did in November 2016.
Another R/S .... Wow seeing DRYS at 1.31 premarket ouch to anysucker er anyone who was holding this money evaporator...