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Bankruptcy betting game?
How low does the share price have to go before this becomes a betting game on whether TMPS will avoid liquidation? Or are we already there? I am used to bankrupt stocks being kicked around at these prices.
I am long and hopeful, but the game appears like it may be changing.
Good because you bought 60k shares at ~$0.14? Congratulations!
When a package is in the mail and you are tracking it, you have a pretty good idea when it will arrive because you understand the process: Let's see, it left its origin in Kansas City on Thursday, passed through Memphis on Friday, on Monday it got to Pittsburgh; I expect it here in New York by Tuesday or Wednesday.
But with TMPS lien situation, it is pretty clear that the process is not understood or the CEO is being misled by his legal team. We are being told that it is a day-to-day situation when it would be wiser to hedge that to month-to-month if really they have no idea.
It is also possible that the CEO is outright lying to us and suspects or knows that nothing good is happening, but how long could he expect to go day-to-day if that were true?
With very little share volume, it is not surprising to see some lows in this situation.
If something (anything) will be worth 8 cents in April, what would someone pay for it today?
That depends on the risk, but maybe paying 6 or 7 cents now would make a great return of getting 8 cents in just three months.
Wait a minute, people are now paying 15 cents for TMPS shares. Those people, the ones who actually set the market price, are not expecting 8 cents in April, and they probably read everything that is posted here.
So the rationale for sub-8-cent shares is out there, but the market isn't believing it. The risk of it happening is already priced into the share price (as a very low risk).
Personally, I haven't bought or sold recently.
I am satisfied to hold through any dips, but it is tempting to add more in the 70s, isn't it?
Opinion: better buying opportunity ahead
With all PIOE-RCP merger news out for a long time and nothing new expected until reports in perhaps as late as May, why be in PIOE now if you are a small investor or trader?
So I see the majority owners and big money in PIOE staying in place through the winter, but the retail investors may just get out for awhile and get back in when something is more likely to happen.
This would cause a continuation of large bid/ask spreads and low volume, and perhaps a decline in share price at times that would be good for patient buyers to add more shares. Maybe holding out for purchasing at around 75 cents is about right?
Good rumors or surprises such as patent sales or listing on stronger stock exchanges would likely reverse any downtrend, but my point is that the likelihood of that might be quite low for a few months.
TMPS is so jittery that longs & shorts could be right on the same day. It could burst up to 25 cents, then later collapse to Mal-O land around 8 cents. Until we get some news and some volume, the share price doesn't have much conviction behind it.
Sacrifice to pull only around $10k from TMPS today! Doing so sank the share price to under 12 cents at around 12:45pm. But if someone is only looking to sell $1k or so, maybe it can still be done for $0.15/share.
Now the question is, in the opposite case, if you want to get in with $10k instead of out, would it cost 20 cents/share to do it? TMPS is so thinly traded that it may be so.
My prediction is that news will cause a big move, not a little one. But which way, I don't know.
The stock is so thinly traded now that its current price is nearly meaningless.
The refueling planes deal outcome will cause a big reaction in the share price, in my opinion. I think that if that is consummated, the share price will rise by a lot. If it fails, the price will sink by a large percentage.
If I am wrong, it would mean that other company factors have a bigger influence on the share price than I think.
Glad you are entertained. Just about all predictions are entertaining.
I own shares, so I am leaning toward that the deal will actually succeed. But others like MalOne appear to believe there will be failure.
Good grief, don't sell out because someone wanted $870 in a hurry. There are daily share price ranges during low volume, but they don't mean anything.
TMPS is not trading like anything at all is expected soon.
Watch out! The unexpected is ripe to move the share price one way or the other in a large way.
At low volumes, PIOE price could go anywhere.
It looks like someone could only get 87 cents this morning for around 1,000 shares.
If PIOE has no news or surprise developments, I can see the stock ranging between $1.20 and $0.60 on minuscule volume.
No mutual funds and one institutional investor came up in my research for PIOE.
Name-Chickasaw Capital Management, LLC Reporting Date-09/30/17 Total Holdings-14.0K Position Value-$11.7K Outstanding Shares Owned-0.02% (Source: eresearch.fidelity.com)
So just about $11.7k in institutional money invested so far. That's all.
The bad side-- We don't have enough mutual fund and institutional interest.
The good side-- A total sell-out of all current PIOE institutional investors would not lower the current share price!
Somehow I think I will wake up one Monday morning and PIOE will be north of $7 and I will have no idea why.
The cost of investing bigly into PIOE today.
I can't see the individual trades, but by the chart on this board, it looks like the market has settled on about $1 per share for now. But for whoever wanted to put around $28k into PIOE, they had to pay about 10% more and set our new high at $1.09. Then later someone appeared to want to invest around half that amount, and it cost them about $1.05 to get in.
As is normal, an even bigger investment would cost even more per share.
And, of course, the good news is no one wants very much to discount the shares to get out. It is probably a very bad time to get out with all of the upside potential that is probably still building. Just crossing $1 is an alert to some traders to take a look.
PIOE does not sell off on good news.
Many stocks rise when good news is rumored, but then sell off when the good news is published.
In PIOE's case, as has been said, there are not enough people following the stock to have much speculation before events happen. So far today we are seeing strength because the RCP3 acquistion hurdle did not fail. That is not near the rise that we saw when the first RCP announcement came out-- the stock was greatly diluted yet the price still rose substantially.
But now the stock is unlocked for speculation on what will be the next positive news to be revealed, and more traders may wish to buy, driving the price much higher. An announcement about getting off the pink sheets would fire things up a lot, in my opinion.
CEO Scott Terry's comments are extremely positive news, in my opinion.
According to shanak10, Terry commented, "We received a positive judgement from the Irish courts on the liens but there was a 28 day wait period before they are expunged." I hadn't seen before this comment where the Irish court had ruled officially, just that it looked good that they would. Terry now says they have "received a positive judgment" and that the liens will definitely be "expunged" later in January. Using the word, "expunged" instead of "released" at least implies that the liens were wrongful and that all record of them therefore should be completely wiped out.
He also said, "There are several proposals in the pipeline that we hope to hear decisions about in the next 6-8 weeks." This seems to be on another subject than the jets with liens, so I am taking that to mean other new government contracts are close at hand if they get favorable decisions from the purchasers.
Am I interpreting correctly?
Whoever just sold at under $0.15, too late for a tax write-off. Not many shares there, so the loss would be minuscule. But bigger holders, be aware the deadline for 2017 has passed!
A $210 cheap thrill. Better than nothing!
December 27 deadline for 2017 tax loss sale is almost here. After that day I expect much less selling pressure against TMPS and other short-term losers. Who would want to sell after December 27? You would have missed your chance at deducting losses so you might as well stay in awhile.
Buy on rumor, sell on news-- in reverse?
On the other hand, the share price could be drifting south on worries about liens and lawsuits. News to the contrary might well bottom this process out and we could then see a rally.
You never know.
TMPS is trading like bad news is expected. You might get only around 12 cents per share if you sell now. This may be a cost of the CEO building an expectation that is overdue by his own timetable. I hope that is all that is wrong.
Is there an update about proceedings in Ireland? The December meeting that you referenced did take place and afterward it was said that the outcome appeared to be positive, but not yet official.
If Ireland does give the go ahead officially, will the lien issue be thus settled and allow for the transaction to immediately change ownership?
Could the Florida court case block the transaction, or will the transaction take place with the court case only potentially awarding a remedy or damages later if the findings go that way?
Opinions, anyone?
My thoughts exactly...
My post 18006 disappeared. I apologize for making a joke about a username, if that is not allowed.
It's easy to just repeat what you hear sometimes.
I doubt management is lying to us. I expect that they just don't really know how long it takes an Irish court to get something done around Christmas (or anytime, for that matter). They are probably hearing that it will probably be done by such and such a time, and so they are telling us the same thing.
Sometimes it is better not to repeat what so-called experts that they have are guessing.
At least I hope that this is all that we are dealing with.
Are these Terry emails legit? They read a lot like someone who is answering collection letters-- "Oh, the check is in the mail..." Every-day-a-new-promise is not the formula for being credible.
I hope the emails aren't fake.
Looks like TMPS has just hit 26 cents. (The chart on this page appears to be real-time even though the bid, ask, volume & latest price quote appear to be delayed.)
Above my pay grade, I'm afraid.
"I would not be surprised to see 'P10 Industries' renamed to 'RCP Holdings' or some such change, considering where power now lies in the management."
My guess on October 12 was close, I see.
Great Article, value1008! The "long-term investment" perspective fits PIOE very well now.
We have transactions ahead but their revealing is very stretched out, into mid 2018.
We have RCP waiting until later to promote their shares to their clients (if in fact they want to do that someday).
The knowledge that there are good reasons to hang on to PIOE shares-- because any proof or justification of a higher share price may be months away-- may permit very few shares to be sold sub-$1.00 or even higher.
So, I don't see many sellers at this point while we may be in an "undervalued value stock" phase. Again I will say that it is hard to think of many potential negative surprises.
Put it all together and a small spark like your "P10 Industries' Purchase Of RCP Advisors Can Bring 150% Upside" Article in SeekingAlpha might be enough to start the share price flying.
After all, if something is highly likely to be worth $3 in 2018, what would that be worth today?
I can't help you at all there, Chemist. I have no idea if there is a concentrated effort by someone to accumulate shares, or if there are just retail investors and traders moving the shares around.
78 cents, anyone? Only a few shares left at these bargain prices...
PIOE 52-week high was 92.73 cents on 10/9. Time to test that again soon.
Is that you at .749 outbidding the .74 guy just now, Chemist?
Whoops. We just went to .75/.77 Bid/Ask.
I don't see a lack of disclosure issue. It appears to me that PIOE has disclosed everything that has happened through 9/30/2017 and all acquisitions. Is anything else required? They appear up to date to me.
We all expect news involving the RCP3 acquisition in January and 4th quarter numbers sometime later. A sale of intellectual property might not rise to the level of a press release. Everything looks on schedule and as expected.
Evidently, BioHunter's supposed 1,000,000 shares are no longer holding the Ask in the low 70s, so I expect this turkey to fly above 6 bits again pretty soon.
I'm just looking for the day when PIOE puts on their RCP website that investors can buy shares in PIOE, RCP's holding company. And an article or two on PIOE in business media would be great as well.
I hope audited year-end financials aren't required to get off of the pink sheets. If so, we may be waiting until April or later for it.
I am assuming the October acquisition will be enough to qualify.
My pleasure. I find "site:" very useful.
I'm not used to seeing Twitter as a place to break company news, but I haven't really looked for such things there. (But if it works for the POTUS...)
TMPS has said, "...everything is looking good on the L-1011's" on Twitter on 10/25.
Today they say, "...As soon as we have information we can accurately and legally share, we will."
This leads me to believe that the L-1011s' "looking good" was both accurate and legal to say.
I feel like TMPS has good news about the L-1011's, but maybe all the i's aren't dotted and t's aren't crossed, yet, so a "legal" announcement isn't quite ready. They seem to be acting like good news will come soon. Am I reading this right?
Thanks for the correction. Not pink sheets. Understood.
But TMPS' share price is more volatile than my pink-sheets investment, PIOE.