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This might be completely unrelated question right now but what's the status on Garret's and the ECAB's loans so far? Are both parties open to negotiate an all-cash settlements? Or partial cash and partial stocks?
Thanks!
I just found the answer to my question:
Usually it goes like this for regular cash dividend:
Declaration Date > Ex-Dividend Date > Record Date > Payable Date
Thanks for the response! Another question.
Since you have a lot of experience in this matter, do you have to file anything so that you are eligible to receive the stock dividends or you just have to communicate with your broker about it?
This is what I have been saying for so long to people here including RD who supposedly rational. People here keep predicting too much especially in short-term and getting their hopes up. At the end, they almost always gets disappointed. They dig their own grave. They try to predict something that is unpredictable, going as far as using TA as a crystal ball. Their emotions are being played.
This should be considered as an opportunity only if you are aware of its intrinsic value.
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." - Warren Buffet.
Since we already know the 1:3 distribution ratio, and that they are distributing 12.71 Million Tri-Way shares. I assume that the O/S cap would be around 38M (12.71 * 3) before the Record Date. That's of course with the collateral shares being excluded.
Right now, the O/S is at 45,580,208. Minus that with 8.4M collateral shares and the ECAB shares, you would get around 36M. There is still plenty of space for dilution.
So the worst and possible case scenario is that they might issue 2M more shares before 2019 or before the record date.
jyyoo has mentioned about this on his CC script.
Here is an excerpt from Intelligent Investor.
I like that book, it is one of the first book I've read about investing. But there was something he didn't talk about much. He didn't talk about how to value a company.
He was basically telling everyone to buy stocks that you know regardless of the price, it doesn't matter whether it is overvalued. That's the only thing that he missed. Other than that it is a great book!
If you are just going to buy stock based on idea that it's been going up lately and everyone is buying it, one day, you will find yourself selling when everybody is selling.
Like I said before, the only way to have an exceptional return here is by being on the opposite side of the crowd, and be right at the same time. If you follow the herd, don't expect to get exceptional returns. You would only produce average results. Because investing is zero-sum game, while someone is making money, someone out there is losing. And what makes you think that being just like everybody else (momentum investing) put you on the right side of the coin?
Then you don't need those TA when you already have numbers in your head. Technical Indicators sounds fancy but useless.
I'm not here to preach or anything, but I am here to encourage people to use their common sense.
I wouldn't still touch it just for the fact that they are not transparent enough. I won't gamble that much.
Maybe there is real value here, but I can see why they would run away from it. It's just that they are not transparent enough.