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OT: They're buddies, who knew:) http://nypost.com/2014/09/15/phil-falcone-may-ditch-minnesota-wild-for-islanders-stake/
OT: They're buddies, who knew:) http://nypost.com/2014/09/15/phil-falcone-may-ditch-minnesota-wild-for-islanders-stake/
T-1 month for things to play out, we'll see :)
No stop, price level doesn't seem to matter. Supports the idea that they are trying to push it up. Looking at old chart, there were quite a number of shares exchanged at this level years ago. So makes sense would take time to make it through.
I know, you and I both. Trying not to get ahead of myself :) Happy to be in with you guys, true DD'ers in every sense of te word.
Yeah, he ain't stopping, I think the $1.50 bet to start with is based on filings and then maybe once it gets there things start moving, the split happens and they are ready for an uplist. I think they set a deadline of a about a month from now, so we'll see. Surprised that most of retail has still not caught on after all that's been posted, but that's good for the few of us here :)
I'll follow the leader and the leader's Brodkorb.
Moving higher here.
I was thinking that, Brodkorb buying up the common to get to that 1.50 level? Not much on the ask to accomplish that.
I feel like there are still quite a number buys happening at the ask so wouldn't be surprising to see more Form 4's. The question I have is why buy it up piece by piece, and why not just do it in one batch? Maybe to sort through and get weak holders out of stock? We'll see, it does make sense though as I believe Brodkorb is really the one engineering this deal.
.20 cent sell. I may have issues with the last Q, but this is not worth only .20. I'll buy more up if people want to dump that low.
Looks like that .55 - .60 level has been worked through. Wouldn't be surprised to see this break $1+ ahead of what's to come.
OT: http://www.lighthousehockey.com/2014/8/19/6046309/new-york-islanders-sale-jonathan-ledecky-scott-malkin
Ledecky, Chairman of Board acquiring the New York Islanders.
Looking at BM's so few following, and yet this has potential to be one of those few 10000%+ movers from that .03 low. And those come about basically never. And certainly not ones that may be a very solid long term investment with dividends.
This is turning into one of the most surpising, pleasantly surprising picks in the portfolio.
There you go, not surprising with what we have been seeing. Don't know when retail is going to start to note, but if there was ever a sign of what's to come that should be one strong one. Why would an officer be buying up a ton of stock ahead of merger announcement and an RS?
Either they are buying up stock to help reach minimal PPS for uplisting or as in investor he believes what's coming is worth well above where we are.
Either way is a win.
Any more Form 4's to come? Definetly curious. Hard to tell yet who's buying as more retail has gotten wind of what's happening, but he was buying pretty aggressively leading into this, so who knows.
Little buying again today. Regardless of anything we do or say, this appears to want to continue to go up into the RS. As we've said earlier and appears to be case majority of money that has been put to play here is Brodkorb's not us.
And there it is, Form 4 :) 34,000 shares in the last week or so, all the way up to .47 so far http://ih.advfn.com/p.php?pid=nmona&article=63279076
Things like what technology enhancements etc.? So many questions not answered and no scheduled conference call. Not to mention having a little forward guidance of some sort might be nice. Hard to see volume coming in without any of that. If I was on the BOD I would not be happy with that quarter at all or management's performance or communication ability.
I agree, not impressed. And I am not sure how much I believe about this either, sounds like an attempt to shift the blame to the industry environment, not sure how much I'm buying it especially with others beating expectations and doing fine in this environment. Sounds to me more like there may be issues with the Propel platform or their management of the situation, but future quarters will tell us if that's the case or this is just a one off quarter.
The online video advertising market showed mixed results in second-quarter as the industry deployed new standards intended to increase the accountability, transparency and performance of video advertising. In the short-term, however, these macro changes have created adjustment challenges in the quarter for us to meet advertiser and publisher requirements.
Of course just my two cents :)
On reading through initially, not impressed. Management appears to be fumbling around here a little. We'll see and I'm always one to stick it out until story plays out, but I hope with second half of the year they start to get the mojo back. Noticed also no press release on results and management discussion of reasons for results in Q was very unsatisfying. Margin issues noticeable and felt the reasoning could have been fleshed out more. What do you think?
I still think it's accurately valued, but they need to show shareholders some positive direction rather than any additional private placements with very little to show for it. Not feeling like management team (not necessarily BOD) is thinking of shareholders so far in the moves they are making. Still early days though, second half of year is going to be critical for them. They are in the right business at the right time, but is the management team the right one to get them there?
Main difference so far appears to be sudden push of cash into Interlink Electronics shares and as a result an increase in marketable securities. Interlink just announced latest quarter and it sort of completes Bronson's turnaround of that company, solid across the board and probably why BKF put some capital to work there, should make some money on that investment. Looks like they entered in after the forward split.
No word on that fascinating section in the Quarterly, same as last Quarter. Spelled out below. Would be a very attractive merger or business combo target with the amount of cash on hand and the large NOL. Many options as this section spells out.
The Company expects to seed the Partnership which expects to focus on small-cap and micro-cap companies with a value based approach to investing. Thereafter, the Company intends to grow its asset management business by acquiring or seeding other alternative investment funds with unique investment strategies and/or emerging portfolio managers. The Company’s goal is to grow revenues and income over time and achieve valuation multiples in line with other publicly-traded comparable companies. The Company expects to create value for its shareholders by rebuilding its asset management operations, and expects to earn fee income for assets under management, performance fees upon successfully liquidating investments and from its proprietary capital investments in the investment funds for which BKF acts as the general partner. Moreover, the Company has substantial net operating loss carry-forwards that it may be able to use to offset future profits and thereby minimize tax liabilities.
The Company is also seeking to arrange for a merger, acquisition, business combination or other arrangement by and between the Company and a viable operating entity. The Company shall endeavor to utilize some or all of the Company's net operating loss carryforwards in connection with a business combination transaction; however, there can be no assurance that the Company will be able to utilize any of its net operating loss carryforwards. The Company has not identified a viable operating entity for a merger, acquisition, business combination or other arrangement, and there can be no assurance that the Company will ever successfully arrange for a merger, acquisition, business combination or other arrangement by and between the Company and a viable operating entity.
The Company anticipates that the selection of a business opportunity will be a complex process and will involve a number of risks, because potentially available business opportunities may occur in many different industries and may be in various stages of development. Due in part to depressed economic conditions in a number of geographic areas and shortages of available capital, management believes that there are numerous firms seeking either the additional capital which the Company has or the benefits of a publicly traded corporation, or both. The perceived benefits of a publicly traded corporation may include facilitating or improving the terms upon which additional equity financing may be sought, providing liquidity for principal shareholders, creating a means for providing incentive stock options or similar benefits to key employees, providing liquidity for all shareholders and other factors.
In some cases, management of the Company will have the authority to effect acquisitions without submitting the proposal to the shareholders for their consideration. In some instances, however, the proposed participation in a business opportunity may be submitted to the shareholders for their consideration, either voluntarily by the Board of Directors to seek the shareholders' advice and consent, or because of a requirement of State law to do so.
In seeking to arrange a merger, acquisition, business combination or other arrangement by and between the Company and a viable operating entity, the Company's objective will be to obtain long-term capital appreciation for the Company's shareholders. There can be no assurance that the Company will be able to complete any merger, acquisition, business combination or other arrangement by and between the Company and a viable operating entity.
The Company may need additional funds in order to effectuate a merger, acquisition or other arrangement by and between the Company and a viable operating entity, although there is no assurance that the Company will be able to obtain such additional funds, if needed. Even if the Company is able to obtain additional funds there is no assurance that the Company will be able to effectuate a merger, acquisition or other arrangement by and between the Company and a viable operating entity.
Haha...and there it is 3 minutes after :) Will dig in and take a look.
Ask disappeared, tighter and tighter it gets :)
Would expect Q today or tomorrow based on RDGA and FNSI filings.
Completely in agreement, very little if no mentions or activity on stock boards. Still only 14 BM's. And it seems similar to what happened with last insider buys a few weeks back. Feeling real good on this one. Appears now people starting taking notice with the bid strengthening considerably.
A bit of volume today, going to watch to see if any more Form 4's show up.
Looks that way to me too.
The big question to me is will the existing company also include any of that $2.5 billion in assets of Princeton Advisory Group. That along with the assets from Capital Point Partners would put this easily at a PPS well above what's needed for uplisting. Would be no issue, and would be an amazing ride. Either way, holding strong. Would expect RS relatively soon.
what a mess...lol..
Looks that way to me, someone running out of patience? I still think this will be pretty soon. It's a shell that they are actively searching through candidates on as per latest 10-Q, not many that can say that.
Haven't yet, but definetly will take a look.
No worries Kahoona... Yup, exactly on the new shares :) One of the better merger plays out there, I like the part about the national securities exchange the best. Would expect the RS to take place sometime in the next couple weeks.
Looks like fishing to me, trying to find someone to take the bait? Check out how many other PR's they are putting out there constantly. Who knows though, not sure.
https://www.google.com/search?q=Levi+%26+Korsinsky%2C+LLP&oq=Levi+%26+Korsinsky%2C+LLP&aqs=chrome..69i57j0l5.541j0j4&sourceid=chrome&es_sm=91&ie=UTF-8#q=Levi+%26+Korsinsky%2C+LLP&tbm=nws
Hey Kahoona, not sure why someone would sell at that level, but it is true the 1 to 2 RS hasn't happened yet. Would expect the RS to happen soon. What that means, is that .21 share price is really .42 post split. So the share issuance at .53 is really at what would be the .26 level today. Does that help/make sense?
Looking at 17th, 18th and 21st, that's mostly him doing the buying. Starting right after the 8-K. Insider buying has been a sizable portion of shares acquired since potential deal was publicly announced.
On ask, that block at .45 looks like retail from someone playing the momentum, not playing long term. Beyond that I would expect it's probably pretty thin above that.
Kahoona1962 Monday, 07/28/14 01:35:28 PM
Re: Kahoona1962 post# 4976
Post # of 5173
RONE - can somebody explain why somebody would sell at 0.21 when the takeover price is 0.53 ?
I'm selling at 0.45 ... 100 are away, the rest not (yet).
Making waves, definite up and comer. Falcone may not have handled L2 right, but his public company moves and investments so far have been very, very smart.
I believe it's 14.3% as of March 2014, versus year prior which was 7.7. Still most of the company. Kind of doubt whether Salus would come in, but maybe. Always thought it could be one of the portfolio companies, but with the trend of more BDC's going public and then HRG model and HCHC model that Falcone has already pursued, maybe possible? Obviously, pure speculation, but good player to keep an eye on.
Nice, saw something he liked in the deal :) Bodes very well for us if he's buying up shares ahead of final announcement. Rarely ever seen that happen. Of course, you never know, but does increase the confidence level that being in commons will pay off.
yes, just been looking at salus again...radioshack and I think the deal you're talking about is love culture, smart people here...
http://www.bizjournals.com/boston/blog/bottom_line/2014/07/how-needhams-salus-capital-landed-250m-radio-shack.html?page=all
The latest takeover by Harbinger related group? With KIDBQ looks quite a bit like steps they took for FOH, start with Salus financing and then scoop up assets on the cheap. It is their MO.
http://imarketreports.com/kid-brands-creditors-object-to-value-grab-by-lenders.html
Looking through Q right now, will write more if I see anything. Everything in cash now from securities, a sign that they are getting close. Before end of the year or sooner would make sense.