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Bot another 4000 at $0.82. Total volume now is 174k Goodnite
With only 635000 shares out and several MILLION naked shorts, PRGN may retest it's recent high. I am here...not going anywhere. Bot 1500 more $1
I had 3000 before the news. Bot 5115 ah at $1.08. No cutting and running now. If it goes lower, I'll add another 5k
Bot 5000 at $2.40...missed $2.30. There's no reason for it to trade under $4. Buying it under $4 means you paid nothing for it imo
Unless the sellers are working with insiders for share sale which is unimaginable, this thing should not be trading here....under any conditions
I'll buy some today at $1.10. They'll lower it there. The sellers want to create the impression that any price buy is bad. So I'll take advantage. 645k float has been vanished several times over. I'll start buying from $1.10 and expect to load more around $1
Looking at the share selling you'd never realize that Brent is almost $50. Brent over $48 and wti close by. Yet a driller with over $500 million shareholders equity is trading for $24 million. I was able to buy more yesterday and I am not going anywhere
Mgmt said on CC they are confident they'll secure approval from lenders. Approval by court is June 21 while bankruptcy exit will be early Q3. I'd say July. Minimum here by July, assuming oil does not go higher will be closer to $2. So, wait about two months and make two to three percent?? I am innn.
Mgmt said on CC they are confident they'll secure approval from lenders. Approval by court is June 21 while bankruptcy exit will be early Q3. I'd say July. Minimum here by July, assuming oil does not go higher will be closer to $2. So, wait about two months and make two to three percent?? I am innn.
Surprise surprise surprise. HERO beat huge on ER and on revenue. I really see a turnaround if they put the hylander plus the two newer rigs to contract. And I mean with this price environment. And folks sold this all week when it appears from the PR that this was just nothing. All parties were trying to work out what's best for the company.
I believe all these filings can only mean one thing: they have a buyer and announcement can drop anytime now. No reason for it to be here .... After wiping off the $1.2 billion debt. All current assets are almost shareholders because they still have the $450 million loan on cash. In fact, they have more cash today than the $450. So what is the entire fleet worth .... Definitely more than $100 million or over $5. I own 12000 shares.
Third asset sale. UK was sold last week. Now Chile. It's going to be a lot of fun here
Just wondering what would happen to large shareholders that already sold given this order. I guess they will seek retroactive permission
Thanks for that. There's a post on Yahoo that estimated the value of the NOL to $2.71 per share or $666400000
You talk with your head. Most don't. There's an article I saw on Yahoo that said that what SUNE owes is $50 billion not the $16.1 which was filed in a sworn court filing. That shows you how silly are...and to even put their names to such stuff. I also read about the dude on Yahoo board that bot 26k American Air in 2011 at about $0.27. Then everyone was writing that the shares would be wiped out. Well he got $28 in 2014 not sure whether it's per share...but he got unprintable multiples or percentages.
Honestly, SUNEQ has American Airlines written all over it. With 4.6 billion AOL, and they announced most uncompleted projects are being completed, India is going full speed ahead, this might just be one hell of a winner
Stop all the "SUNE Walks" talk. SUNE cannot walk away According to SUNE in its filing in DE Court on February 19, 2016, "If Vivint deal fails, "SunEdison would be subject to a potentially catastrophic lawsuit from Vivint"
It gets even worse. SUNE says it has no defense and that Vivint had wanted to sue SUNE in October 2015:
Per SUNE, Feb 19, 2016: "The July Merger Agreement authorized Vivint to seek injunctive relief to compel specific performance. Ex. 22 §8.11. As early as October 23, 2015, Vivint’s board began preparing for, and threatening, litigation to compel specific performance of the July Merger Agreement. Ex. 5 at 61, 63, 67. Accordingly, non-performance by SunEdison threatened an injunctive proceeding by Vivint against which SunEdison had no persuasive contractual defense "
NOTE: I am long SUNE but I have also started loading VSLR. SUNE cannot avoid this deal so I decided to invest around it.
This is definitely an interesting one. The last ER show that Adjusted EBITDA of $80 million outpaced operational capital by $25 million. Adjusted EBITDA outpaced operational capital by $62 million for the first 9 months of 2015. And it produces oil (cash adjusted opex at $10.32 Boe while pumpin 32609 Boe per day. The major reason for the delisting is the $35 million requirement. I owned 5000 before delisting and I bought another 5000 at $0.33. Will add to it if I can sell something else.
The best way to look at it is the type of car you drive. I still buy gas....cheaper yes, but the same quantity per week. I still drive 50 moles per day and I cannot afford Tesla
I not 6500 today. Hard to fathom why and how it came down here in about 20 trading days. Unfortunately due to the light volume, many bigger investors that want to jump in may be disillusioned. Wanted to buy 10k but decided to keep some ammo in case the slide continues.
I own about 400k of this...but I just trade about 80k for $$200-$400 while waiting for the big move. I'm surprised someone will always fill me up at $0.065/66 and buy back above $0.07
I had to sell off something else that I love to buy 113k more. Now holding some 347k HERO shares. Hopefully, I'll have enough liquidity to add more down here by Wednesday next. Two more buys and I'd be ok. And just watch where it goes.
Not quite... Some fool dropped it to $0.09 in the last millimeter of second because there was no bid...people were buying the ask. It's immaterial.. The stock will be back up next week as it becomes clear to the seller that his game is pointless. Over 500k bid now at $0.09..in case the seller has more shares to give away. Have a good weekend.
Woulfe, not sure you have read the HERO filings, other public analysis and opinion. When HERO files, it would be pre-packaged and the essence is to get legal authority to effect the transaction. For your information, current shareholders are getting 3.1 percent of the company. With shareholders' equity valued at $471,902,000, the value of the 3.1 percent is $14,628,962. That translates into about $0.10 per share. In addition, shareholders would get warrants to purchase shares of the new company at a determined value. Some analysts have placed a value of anywhere between $0.08 to $0.13 on those warrants. Further and very importantly, the lenders would infuse about $450 million into the new company. That amount will also increase the shareholders equity and, at least two analysts have placed additional value of $0.09 to shareholders equity. So, you are looking at Present equity plus warrants value plus additional capital translating into some $0.27 through $0.31 per share. And this deal is all but done, as of June 16, 67 percent of bondholders have subscribed to it. And HERO mgmt in a previous filing has indicated that if they did not have support, they'd file for bk on July 8, but if they had the support, they'd wait till August. So, as we enter August tomorrow, note that someone is offering you something that is worth $0.31 for less that $0.10 today. I have bought some 179,000 in addition to the 11000 I owned at higher prices.
Thank you.
You are talking about the warrants and not the shares.
Even at the reset shares, the implied value is over 1.70. So, either way, there was no better time in 2015 to be buying. Are you still in spdc? I reduced that to just 15000 shares. That stock is terrible yoo-yoo
Modrica you see the point I am making, which is that the reset shares bear little resemblance to the price of the issue. But, in any event, you have about 15 million shares, and a company that has the cash it needs and appear to have returned to business judging by what it said last qtr
I saw that but what does 8.6 million mean to you. If you look at the shares that were issues and the prices of issue, you'd find that we are talking about something else here
I bought 12900 today. Started buying at $1.54 and made the last buy at $1.47. My guess is I will keep this for a while till I read some news about Sunmeric. They reported $3 million in cash last qtr and now just got $4.2 million. That will be some $7.2 million. So, it is trading for about its cash. I will be here for a while. It is a likely double.
I am in here 100 percent now
Modrica, you have all the good points to buy more if you can. I bought 22k today...cannot believe anyone will sell shares merely because a preferred holder converted those to common. It is even more perplexing when you note that Becker also owns a good chunk of the common prior to the conversion and did not sell those. Oh..., I am watching the price action on PFweb with keen interest...it has breached $14. As I have always advised..you make money because others were afraid of the opportunities. If making money is that easy, everyone will be rich. Wealth comes by taking risks...in this case well-calculated risks. My shares count is back up above all time.
Gaba, NO theory or principle of law supports such recovery. Now you can file a lawsuit for anything provided you pay the filing fees. And you can create good headlines by so doing. But the actual recovery is a different matter. Period.
Yes, regarding the lawsuit. That's the funnies I have ever seen and I have been in the lawyering business for over twenty years. Imagine it this way: You claim that your partner owes you $500 pursuant to a contract. According to you, you asked that partner to pay you the contractual $500. The partner refused. So, you file a lawsuit claiming $25,000 from your partner. Your theory is that when your partner refused to repay the $500, you defaulted on your students loan, could not buy food, and because you could not buy food, you became ill and because you became ill, you ended up in the hospital, and after you came out from hospital, you borrowed to repay the bills and to feed, and meanwhile your business suffered and you became insolvent. So, the total cost to you is $25000. That is basically what that lawsuit is all about. Nice narrative, except that, if you proved anything at all, the court would only award you the $500 contracted plus costs. Now, the plaintiff in that case does not even appear to have evidence (I have read the entire complaint) to prove the alleged contract amount 0f $700,000. The case would be heard in the final quarter of 2016. I am surprised that it was not thrown out in the first motion. My advice to you....BIG IGNORE.
I saw this fool on yahoo talking about Wellington selling position. Well, a twenty percent rise from where they sold shows that they were selling blindly
Gaba..good that you got a bunch. If you ask me, there will be no reason for spdc to accept any buyout here short of $2. If I am asked to vote my shares, I'd vote NO. And I have 89k now, not 69k today - essentially all the shares I heard before when mgmt was not forthcoming with information. But it is not their fault.. They were negotiating with lenders and executing the plan. Gals that someone sold it all back to be down here. Good luck to you too.
Gaba137, let me reply publicly. Go back to what I posted earlier about last qtr cc and what the CEO said. Today's PR reestablishes everything he said last qtr and actually takes it next level. They have resigned all seven expiring customers...did you see that? They have signed about five new customers. They have integrated fifth gear and they reaffirmed the guidance given when pps was above $2. They provided clear EBITDA numbers of up to $17 million (I believe that is conservative). Above all they regularized all lender agreements. Gaba, if you are not loading like life depends on spdc, blame yourself in a few days to weeks. I am buying with aggression.
I hope you guys are loading. I bought back 39k today. The company has done exactly why I wanted... Reaffirm guidance. Watch as cents turn to dollars. Loading all day today. Good luck to all
Certainly not a chance of bankruptcy in the next year for sure. The problem is a level of secrecy and selective dealings that is very uncomfortable for me. I like stocks where a level playing field is assured. Now, dealings may occur from time to time but the overall essence should be what is in the best interest of the company and its shareholders. The shares have traded in the thirty cents range long enough for the so-called bidders to buy the thing in the open market. So the whole joke is just not worth wasting your time and hard-earned money. This should not be a game..it is an investment. Look at the trading pattern and you could see the MMS believe it is a chess board for games..because of incapacitated mgmt
In spdc management thinking, the only reason why a company goes public is to raise money...either through share sale or note issues.
I guess they intentionally throw out these buzz words to keep up their mischief. I got sucked into it but thank goodness I got my brain back. We invest to make money and not to pay the salaries of mismanagers. But some FXCM..you can at least be sure mgmt will look out for you when possible. I loaded rgse too...bought some 80k of that today. Glad I left the mischief that is spdc