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When you are not inside the suit it is difficult to interpret what's happening
We shall see in 20 days. If it's not postponed for another year
02/03/2023 ORDER - GRANTING (GENERAL ORDER FOR MISC. DOCUMENTS)
ORDER - GRANTING (GENERAL ORDER FOR MISC. DOCUMENTS)
Comment
BILL OF REVIEW
"Transocean RIG announced recently that one of its ultra-deepwater drillships, the "Dhirubhai Deepwater KG2", has been awarded a 910-day contract by a national oil company in Brazil for offshore drilling operations.
According to Transocean, the contract has an estimated backlog of $392 million, resulting in a daily rate of around $430,000 ($392 million divided by 910 days)"
https://finance.yahoo.com/news/transocean-rig-wins-910-day-131301817.html
P.S. https://www.barchart.com/story/news/13937651/chart-of-the-day-transocean-drill-baby-drill
I guess Luiz has never heard of a W-2 or a 1099
Very good question. They should have some kind of "Business Plan"
Maybe this can help:
https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan
P.S. why didn't someone on the management team sign that letter
The letter is almost meaningless. This board is dominated f__ls. I'm out of this mess and cede the field to the ?'s.
A little vague. It would be nice to hear about finances, and relisting. A little less about their tireless efforts and D&O renewals.
P.S. If they are just now clearing up the rent issue, we are a long way away from stability.
Also, thanks for posting it at least it's something.
A little thin but something factual not crazy speculation.
Also, where is this located on the web site?
"What if Wade's "downfall" and "trial" were part of the master plan all along"
Yep, a master plan. Unbelievable.
"Coinbase shares surged after a Manhattan federal judge dismissed a class-action suit against the crypto exchange."
https://www.cnbc.com/2023/02/02/coinbase-stock-jumps-after-federal-securities-suit-dismissed.html
For me it is an annoyance. I wish to be rid of. A mill stone that restricts my ability to TOA accounts to other brokerage firms.
maybe for you
I'm afraid you're right. Maybe even too optimistic.
Wade's shares are gone. Give us a statement on relisting. Either up or down
Bottom Line:
"Since the beginning of the year, Transocean has made great progress as the company replenished liquidity and extended near-term debt maturities at reasonable terms while bagging another high-margin drillship contract offshore Brazil.
Investors have honored the company's winning streak by pushing shares to new multi-year highs with analysts raising price targets across the board.
In addition, with profitable backlog increasing and expectations for industry conditions to improve even further over the course of this year, additional upside looks likely even with the company looking expensive from a fundamental perspective relative to peers."
https://seekingalpha.com/article/4574094-transocean-stock-bags-another-high-margin-drillship-contract-buy
what does any of this ridiculous techno babble have to do with VCSY getting relisted?
Right, when will we hear from management that they are preparing for relisting?
"Everybody Loves Oil Again"
https://oilprice.com/Energy/Crude-Oil/Everybody-Loves-Oil-Again.html
"The International Monetary Fund this week reinforced these hopes revising its global growth outlook upwards, citing the surprisingly resilient demand in Europe and the United States. OPEC+, which is meeting this week, has no plans to change its production rates for now, which has also contributed to optimism"
Love to see a revenue beat and a significant EPS beat.
I'm looking for a 10 spot
Does he (Wade) even have the ability to comply. The actual mechanics involved in moving the assets. Maybe LV just seizes the entire trust fund.
I would not say there is zero chance, but I would say the probability of this trading and getting a significant rise in value is infinitesimal. I don't buy into any of this mindless techno babble.
I see there is a hearing today;
01/30/2023 MOTION - HEARING
Judicial Officer
JONES, DIANNE
Hearing Time
10:30 AM
Comment
CAREY 214-855-1850
This should stimulate all kinds of speculation about grandiose schemes.
This thing would have to be relisted and climb to somewhere between $100 to $250 (per share) before I would be in a celebratory mood. Even then I doubt I would be inclined to hang out with any of the management types.
"Estimated short interest in Marathon Digital (MARA) saw another step-up increase this week, rising from 39.8% to 45.7% - the highest level since early 2019. Prior to the jump, bearish expression gauged by Ortex has been in a narrow range of over 38% but below 40% for over a month. The increase also comes as volatility in the cryptocurrency markets has subsided this week and bitcoin gains from the $16,000’s to $23,000’s have been preserved. Marathon Digital was up 19.2% in the five-day period traded, though shares fell over 8% on Friday upon release of exchange data highlighting the short interest increase and following the announcement by the company in an 8-K filing that it was partnering to build a large-scale crypto mining facility in Abu Dhabi"
1/28/23 the fly
would be nice. I have no feel for where we need to be on the BTC price spectrum to hit and stay at 10. Maybe just a little less volatility.
we are good (MARA > or =9) as long as BTC > or = 23,000
Gregory Lewis--BTIG issues recommendation with a Buy at 10.00 on 1/25/2023
:Norway Proposes 92 New Oil And Gas Exploration Blocks"
https://oilprice.com/Latest-Energy-News/World-News/Norway-Proposes-92-New-Oil-And-Gas-Exploration-Blocks.html
"Offshore Oil And Gas Is Back, Baby"
https://oilprice.com/Energy/Energy-General/Offshore-Oil-And-Gas-Is-Back-Baby.html
"Transocean: Still A Strong Buy As Shares Rip Higher"
https://seekingalpha.com/article/4571422-transocean-still-a-strong-buy-as-shares-rip-higher
Brent North Sea crude pushing $90 per barrel.
BTC at $22,902 @6:56 in the spot market
22,894 in the spot market 6:49 am. down from 23,313 @ 5:14
LV was a little naive here.
"Oil Prices Set For Another Weekly Gain As Chinese Demand Rebounds"
https://oilprice.com/Energy/Energy-General/Oil-Prices-Set-For-Another-Weekly-Gain-As-Chinese-Demand-Rebounds.html
If memory serves me well. Valdetaro filed a suit because he was getting hammered by the IRS. I think they placed a lien on his home.
"Equinor (OSE: EQNR, NYSE: EQNR) announced on 28 October 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.70 for third quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 10 January 2023, in total seven business days."
Dated 1/16/2023
"Chances are that 2023 will be another strong year for the oil industry simply because those companies came in strong into the new year and demand for oil and gas is not expected to fall—on the contrary."
https://oilprice.com/Energy/Energy-General/Why-2023-Will-Be-Another-Strong-Year-For-The-Oil-Industry.html
Forgive me if this is a restatement of the obvious. It looks like they are rolling over debt and re-allocating it to the various subsidiaries.