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Definetly looks like a go to me as well. Finally, will be nice to see things move forward from here.
Exactly how I'm viewing it too.
And Princeton working with Catalyst now. Seems they manage a number of their funds. Good friends to have: http://www.benzinga.com/markets/commodities/14/11/5031481/catalyst-launches-2-new-alternative-investment-funds
Catalyst was named the Top U.S. Mutual Fund for 2014. This from WSJ.
http://www.wsj.com/articles/winners-circle-the-top-u-s-stock-mutual-funds-1404679643
For me, the critical part of the conversation is the clear discussion throughout of national securities exchange listing. Clearly not planning for this to be an otc for too long and with the assets and board members I believer there are bigger plans.
That said, you're definitely right, if you're looking for a big payday right off the bat, hard to know for sure what will happen once it goes through. There is mention of potential to buy up stock as well in document, so really until new management is place and merger goes through too hard to know how they will act on that end. That said atm limited downside, and significant potential upside from where I stand. And even if the merger for some reason didn't go through, which I don't think will happen, we have the added protection of the CUR investment and the extremely low OS.
Either way, all just a speculation game with these guys, but does have national securities exchange potential which is what I am looking and waiting to see play out.
some action definetly strengthening :)
!! bring it :)
We did our job, now time to see them get this show on the road :)
End of season tax selling combined with macro situation (i.e. oil prices) could be a logical bet.
Like Bronson a lot, look at what he has done with Interlink, and how the PPS has been moving. He knows how to turn companies around. aka would expect to see some stable improvements with QBAK next 2 quarters. We'll see, solid player who has history of treating shareholders right and standing up for them.
Spin-off's quite possible with the growing portfolio thy have been building.
Definetly curious as to who the CEO will be as well.
Could see the baggage possibility, but why would they have strung it out over a number of years? Why not just liquidate it, not entirely hard to do with how clean the thing is? And the filing today was actually quite illuminating as to intentions. Certainly seems like they approached it from an investment vehicle perspective. Whether that has changed or not is hard to know. But I still like the chances, Phil still appears to have his shares and despite transfer of control we have another player with connections on board Leucadia.
Yup, that's exactly why I think Falcone may still be involved here, having Leucadia around is a bonus. Even if they control it there is no reason he couldn't work with them to utilize this shell with his ownership interest and the relations that he has.
As always strange trading activity, 8 shares sold...lol :) Never gotten over how this sells a share here and there, always been usual.
The plot thickens, interesting that it isn't part of their cutting ties with him. Still feel like L2 might be part of the situation here. I do wonder how the cutting of his relation to Harbinger will change the whole L2 bankruptcy negotiation situation. Maybe that's what this is really all about?
Yeah, I agree now is the moment. They have really until next fall (when warrants expire) to either see CUR get to that $5+ level or to get a merger agreement in place, so the click is ticking now. Everyone needs to make sure to submit proxy statements to ensure BOD can do what they need to on the merger side of equation.
Yeah, does this play into L2 still? And if management stays the same maybe Falcone becomes the middle man who brings value to HRG a and himself for the shell? Interesting time, definetly gone longer than a lot of shells in waiting for something to happen. Why it makes you wonder if L2 is part of the hold up?
Exactly as this video describes, these guys still retain close relationship, Falcone still part of it, this move allows HRG to bring more value to stock. It would make more sense that ZPCM would stay in Falcone's sphere with his HCHC strategy. More a fit for him than Leucadia. May be something he will work with HRG/Leucadia on, getting value out of ZPCM shell with their 99% ownership.
Hey, yeah who knows? Maybe they all stay part of ZPCM story. And either way Falcone is a sizable shareholder here, so just don't know yet. Going to look more into over thanksgiving weekend. Might give us a better sense of what is going to happen with it through actions or lack of action with bod and management changes.
Hmmmm...
I agree, he knows how to build PPS for public companies, that shows.
does sure seem that way in advance of merger? another one that wants to get on nasdaq as they stated in last filing. good stuff.
Another part of that merger agreement that makes you wonder about what will happen and about that out of nowhere volume a couple days ago.
Alot in that merger agreement, closing conditions, and subsequent documents that make you wonder how they are even going to close the merger deal. Based on doing initial DD, after seeing that volume spike today, not sure the market is pricing in the possibility that this merger won't be realized. Seems market may just be starting to pricing in the potential significant upside if deal falls through, versus the more limited downside risk. Could be in dollar land and beyond if there is no merger, down to .27 if there is. Of course, just my two cents, but that's not a bad bet to make.
While there is much more in those recent documents that make you wonder, here is just one of them:
http://www.sec.gov/Archives/edgar/data/1063665/000110465914063526/a14-20099_18k.htm
Interesting action with volume today (highest 1 day volume in history of stock), news coverage in past day and minimal chatter atm. Got to be alot of pressure on the BOD to bail on that deal. A really strange time to go through with an acquisition. If gov't speeds up approval process wouldn't be surprised if valuation shifted pretty dramatically. And would be hard to make the case for that .27. Even now at this point it definitely is, based on valuations of other stocks in area, should be way higher.
Either way, CEO and employees are still doing interviews etc. and with the latest interviews have faith that they can ramp it up quickly if government approval happens quicker. Of course, who knows, but definitely on watch.
http://rt.com/usa/196224-ebola-rapid-blood-test/
http://denver.cbslocal.com/2014/10/14/colorado-test-for-ebola-could-speed-up-diagnosis-to-10-minutes/
Like grandfather, like father, like son? In his DNA to do something interesting, we'll see.
100 share hit on bid, someone wants this to go down further or get people off the bid. Noticed a few of these types of hits over the last couple weeks. Trying to paint things red.
Great move and doing what they need to do, clearly saw the issues we were seeing. We'll see what that 8k shows, hopefully favorable to existing shareholders. Either way, a complete committment to listing on bigger exchange is a big deal and revenue nearly 4x where we are now. Much better place than where we were :)
Maybe something to do with PPS at the moment? Maybe they want it to be higher prior to finalization? It did seem like they very much are looking at wanting an uplist. Who knows of course, so many potential reasons, still looking good.
Some more of that unusual single digit 2,5,10 buys. Only stock I have ever seen it on and been doing it for 3 years virtually every week.
really good, word is getting out :) and an otcqb stock too, not even uplisted yet.
really good, word is getting out :) and an otcqb stock too, not even uplisted yet.
reading the tea leaves :) hchc, hrg, maybe zpcm next one, we'll see. They sure now how to take stocks and reverse merger them. And in both hrg and hchc case the pps is rising nicely. Would expect HCHC uplist at some point too.
I have tried to before, but as far as I can recollect every time I would not get filled even if the bid was hit. So I either sat on the bid or hit the ask.
Thanks blissed! Been a fun one to DD over these years. Glad to have you on board. And great find on Rampart, I had no sense of if they were going anywhere until what you just posted.
On that, there are some old divy shares that people who had the stock back in the day are supposed to receive if registration statement which they withdrew, ever becomes effective.
Beyond that as you and DB stated not a huge position. That said for some reason if deal falls through, with the very low OS that is here, definite potential for Rampart asset to benefit the share price in combination with CUR side of things.
there it is, one dot six, nice find!
Keeps stocking up. Hard to believe insider would be continuously buying if this wasn't going to go up. Looks good. That earlier bid hitting was interesting though.
Yeah, feels that way to me as well. Curious because it drove through the bid shares, if we see any more Form 4's from Brodkorb. Will tell us if he had any left on the bid. Or if he as he has done in the past, on dips, will now buy things back up.
Either way, not much time left before things are supposed to become final.
Big hits out of the blue. Will be curious to see who that was, someone see something they didn't like? Unless it was an insider, still looks good to me if the original deal is intact. We do know we are only days from something happening according to the earlier filings.
Only news piece I see is this from yesterday which doesn't seem like any bad news, just the process moving forward.
http://www.philstar.com/business/2014/09/17/1369815/doe-dnd-weigh-forum-energys-options-recto-bank
on pps breakdown on forum, that $40 break seemed significant as that was pretty strong resistance. Will see where it lands here. FECOF doesn't always follow it, but will be watching.