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Who wants to forecast the PIOE balance sheet as of 12/31/17, since it is, after all, bracket season?
Let's make it simple:
Total Assets _______________
=
Total Liabilities ______________
+
Stockholders' Equity ________________
I've read a lot of posts about a lot of big numbers in RCP. How will they shake out in the balance sheet?
Looking for a test of 38-cent high yesterday. Coming soon, I suspect.
Yes, a good bottom test may be holding for the next leg up.
Just 10k shares taking out 1/4 of TMPS market cap? Wow!
Definitely some are trying to get in before the news. I love it when it happens. It surely doesn't always happen.
Many times there is a selloff after the news hits. But sometimes, the anticipatory rally is not enough and the stock will really fly on the published news.
Chemist, you should appreciate the laws of science. "If anything can go wrong, it will."-- that's Murphy's Law. But is has a corollary: "If something could go right, it might!"
Last year they reported on March 14, I believe. To the best of my knowledge there is no report date announced as usual.
I love it when favorable news is expected.
My PIOE is up and my TMPS is way up. Two winners today.
If PIOE would just state that they intend to uplist, the price might hit $3 by itself!
There! I said it again!
Have a good weekend. In another week maybe a $1.03 piece of PIOE won't be available at such a low price.
Do it. If it closes over a dollar people have all weekend to notice something is up!
$42 would be fair, in my opinion.
At that level I can retire.
Long term: I'm bullish
Short term: Nobody is taking a position that the upcoming press release will say anything that can move the share price up from the 18-cent level that was revealed in the 8-k. Anyone want to take a chance?
I hope you're right: the 80s are over.
Nice 96-cent ask at the moment.
This looks like the classic effect where some investors expect that news will move PIOE upward, but since they have limited funds, they want to wait to buy until shortly before the news is released. So here it looks like people expect a pop but have waited while they were investing in other more imminent things. I'm sure this happens all of the time.
Chemist and I tend to sit and wait, but some people hop around from issue to issue and try to time the pops.
I hope this turns out to be a big POP!
8 cents in April is HIGHLY in doubt.
Seller and TMPS have just agreed on 18 cents as an appropriate value of TMPS shares, per the 8-k.
8-k has produced no "sell on the news" but no buying, either. Does anyone want shares for 18 cents? That's where we are at...
Price is moving up well, ahead of 10-k.
Last year they reported on Tuesday, March 14. So Tuesday the 13th or the next day looks about right to me. Coming soon...
A note about my style of posting:
I like to make a point in the first few words of my posts because of how InvestorsHub creates titles for them. It helps me to find them later.
So I write things like "Pumpers of fake news?" or "Bad time to get out!" or "Members, Pink Sheets since 2017" at the top. These are more of a headline than anything else. I'll admit that they look like I'm replying to what someone may have said by using that style of writing, but that is not intended.
Pumpers of fake news? No way! RCP is in a business where they can't come across to anyone as pumpers of fake news that would inflate their share price. I guess they have to stay quiet even though developments there could warrant a press release from time to time.
If something is likely going to be worth $3 soon, why is it worth 83 cents now? The only answer I can see is this "communication gap" where the information has been announced, but there aren't enough investors who are aware.
March and May reports may be enough to set off a BOOM if it is the first time that many realize that PIOE is no longer a "shell", let alone that PIOE even exists. We know it, but it is not enough.
Naah! It will spike to $4.75 and then settle back to around $3.38.
Shares are available for 21.2 cents this morning.
If PIOE would just state that they intend to uplist, the price might hit $3 by itself!
Replying to your post, I did say, "Bad time to get out." So I see where you are coming from. But, yes, I have no reason to think your were about to sell any PIOE. I was just meaning to say generally that timing would be bad to sell with these big reports due in March and May.
I am a little suspicious of RCP's motives, but without any good reason. It seems more likely that they are doing what they have to do about their shares and can't advance to a larger market at this time.
I agree that "Members, Pink Sheets since 2017" is no way for RCP to advertise. So I'm putting my money where your mouth is, not my mouth. I am betting that PIOE/RCP remains public and gets on the NYSE later on.
You don't need to send signals that you wish to remain a public company, obviously. But I am keeping my eyes open for counter-indications. I can't say that I have seen any of those. They haven't had time yet to even file a financial report that indicates the strength to list on a major exchange. So we are waiting for the anticipatory rally to begin.
Bad time to get out, I'm keeping PIOE shares at least until the May report if the two reports are all we are going to see.
In that short term, I expect to see us beat $1 in anticipation of a good late March report. This could begin any minute now. I expect more than one positive surprise within the March report. Even if not, I don't expect the share price to fall after the report. Then, the whole pattern may repeat coming into the May report.
The float is so small, I would not even begin to say if the high we reach is over or under $5. But on the downside, I don't think "sell on news" applies to March or May since there are no rumors out there (yet) to sell off from.
I did finally think of a downside risk.
If RCP just wants NOLs and doesn't care about listing, do you think they will eventually take the company private?
In that case, they would make their deal with the big PIOE shareholders, and I guess they would remain a corporation, to preserve the required under-50% structure, but not trade anywhere.
A buyout price would be announced for us little guys.
I expect someone here can shoot this down as unlikely. But RCP seems not interested in making anything of an entry into marketing their shares, and they continue to tout being manager-owned on their website as if it is an important core philosophy. We little "owners" may not be desirable.
So, not too many eggs in one basket for us all, right?
Will the March and May reports surprise anyone?
If a tree falls in the forest and no one is there, does it make a sound?
I don't think there are many people around in the PIOE glade within the swampy Pink Sheets Forest, and the ones that are probably know a lot about PIOE and what will be revealed in the March and May filings.
But I am expecting that there are some who will have been aware of the ACPW bankruptcy and will now take a look at these filings and will be astonished at what has become of that company, rising out of a quagmire and unseen by many, now PIOE.
Unfortunately, most of the action takes place outside of the swamp, so we may have to wait until PIOE leaves the Pink Sheets and heads up to the Central Business District.
That said, the filings are probably all we are going to get, and if we are lucky, some bands of new passersby might happen to spot a lot of good commotion coming from our glade if they are nearby at the right time.
And, you never know when a happy surprise will take place.
I am excited that this could be any day soon. And worth the wait.
And, I still see minuscule downside risk in PIOE, except from the risk that the broad market may decline. In which case, most investments will be pressured, not just PIOE.
"RCP is manager-owned and its principals have made substantial personal investments in both the firm and its investment funds."- RCP Advisors website
That appears to continue to be their mentality even though there is the PIOE structure in place as parent company.
It leads me to wonder how much the pink sheets-listed owner is relevant to what they do and how much of their revenues filter down into PIOE profits. But they wanted NOLs, so it should be substantial.
I also don't know what the March 10K will shake loose since it's the May 10Q that should contain everything about the January part of the acquisitions.
Like many companies, somewhat mysterious. But solidly hopeful and still, where's the downside risk?
I think you are right about the principals. I have wondered if some of the underlings there even know what they are sitting on-- an opportunity to own PIOE shares to share in the RCP owners' success.
Wishful that there's a PIOE share price disconnect going on...
Since October, share price has pushed into the 90s and even a dollar for a few happy moments, but mostly we have seen an 85-cent stock in PIOE.
Why? I think that we are hoping lately that it is 85 cents because it has always been 85 cents.
New management seems to have no desire to publicize anything, so the price just sits. If this is true, it is possible that some of the patents have been sold and, to them, not worth a press release.
But where is the speculative buying expecting that PIOE shares are going to pop? Crickets.
What we have is a company that is worth around 85 cents per share by those who have known its coming structure since before October.
They seem to want to be very quiet. Maybe the RCP people have determined that they will not compete with each other to buy shares until they move into a wider market.
Will it be the 10K? Will it be later? I don't know, but I suspect management is actually planning for the pop at a time that they may want it.
Meanwhile, I continue to see practically no downside risk, so I remain invested.
You're welcome, that's an easy one.
In the days that TMPS shares traded for over $1 per share, there were a number of persons who thought that it would be a good thing to pay over $1 per share to get the stock.
Later, a number of persons who already had stock decided that it would be a good thing to sell their stock for less than a dollar per share because people who thought it was a good thing to pay more than $1 could no longer be found.
(Perhaps they read some contributors to this Board and became cautious.)
But there are people who are willing to pay much less than $1 for a share of TMPS today. They think that it will be good to do that because they believe that someday soon there will again be a number of people who would pay $1 or more for a share of TMPS stock.
(I have kept this basic for those Newbies.)
10-K, the Annual report, is due 90 days after fiscal year end, so about the end of March for TMPS which closes its year on December 31. No quarterly report is due for the fourth quarter.
That's for all you beginners out there.
Ask is 40% higher than bid. Only the impatient play with those kind of spreads. Maybe a new higher bid will come in for several thousand shares, so you may be right. 17 cents is a lot to pay if selling gets you 12 cents or so. Low volume can be killer, and also means little about the company except what everyone knows already-- it's a very high risk investment.
Say hi to your Uncle Bob and your cousin Malone for me!
Buying ahead of expected reports may be beginning. Investors would want to be in place when news that may reveal some good developments is published.
ACPW topped out in 2006 at around $30/share.
There was a 1 for 5 reverse split in 2012, so in 2006 I guess the high was published as around $6, but without that split our shares would now be around $0.18 per share.
Fortunately, I bought at lower prices and I can make money anywhere above $0.72/ share.
Stocks I buy go bust-- PIOE is different!
(So far.)
(And not all of my investments go bust or I wouldn't and couldn't keep at it.)
I have a long history of holding shares until they are bankrupt: Eastern Airlines, Columbia Data Products, USII, Cascade International, and finally ACPW. But somehow ACPW rose from the dead. I have never seen that before. Since it was dead, there is no reason to sell it. If I suffered the expectation that ACPW would be worth zero, why not hold it until its glorified transformation is complete?
So now it is PIOE and it is worth around 90 cents per share. The wait for an increased share price cannot be assumed to be a long one, though. Yes, 90 cents probably factors in the acquisition stages of 2017 and 2018 that have been revealed so far. In fact, that 90-cent price is many months old now and probably was the main investors' idea of PIOE's worth looking right through into spring of 2018.
But two catalysts for a rising price could happen at any time:
1. Enough people with enough money may at any time decide they want to acquire large amounts of available PIOE shares.
2. Profits rise to levels that were previously unexpected, or expectations for profits rise.
This is extremely basic, of course, but my point is there is no way to decide that either will be a long way off.
We are in a waiting period. Lawyers don't have their cases tried in the streets. You can write anything you want to. "Most people reading this know why."
Anyone here ever read a lawsuit Complaint?
My company is rarely sued, but when so, the "facts" in the Complaint bear little resemblance to what we believe was actually happening.
Any Complaint will paint a nasty, nasty picture. That's its purpose.
Other facts are often revealed to refute the supposed wrongs committed.
Don't rely on a Complaint. It's one-sided and it stretches things.
PIOE is worth 90 cents, no hurry upward.
They don't mention the stock on the RCP website. They haven't relisted, but maybe can't yet.
They know their plans, and the stock remains around 90 cents. If their plans would allow for a $2 share price, why wouldn't the price be there now?
I suppose the RCP managers won't exhaust the profits by taking big fees & commissions, or why would they need NOLs? So they probably have an idea of what profits might be, looking ahead. Yet, the shares are steady at around 90 cents.
So, are they going to issue preferred stock? What is holding the price at 90 cents?
The unplanned is what would move the price: better than expected profits, sale of patents, a new acquisition, etc.
But I am also hopeful that they are just not in a hurry to promote their shares on the pink sheets, and that heavier volumes will come when this company gets some positive publicity.
As always, I can't figure out much downside risk.
PIOE is in the desk drawer, stored for later use by the principals.
Looking at management's lack of publicity and the pink-sheets situation, I have to believe that they are working toward a "grand opening" for their stock in the future.
They continue on their website to say, "RCP is manager-owned, and many employees have been at RCP since its founding over a decade ago." And they don't mention P10 Holdings at all.
I hope that PIOE stock is not just a technicality so that they can benefit by its huge loss carry-forwards, and that the share price is not prevented from being where their profitability would go. (This would be the case if the managers' rewards for their success were so large that the books would just be a break-even sort of exercise. But I doubt that the major P10 owners would stand for that.) The "manager-owned" mentality needs to be softened.
Instead, I am hoping and believing that management will list the shares in the NASDAQ and not be so closely-held, once they have their annual audit and prove that they are qualified for relisting there. Then maybe they will take their shares out of the desk drawer and shine some light on them.
I prefer "soar" when talking aviation words.