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I hope they kept a good PR in the que for release this week. Not much to write home about in the Q. Any speculation?
I read the S1 pretty carefully.... It appears all the early investors (pre-IPO and private placements) have registered to sell their shares...
I think the recent downtrend is due to some of this as they are long from way under $1 and the float is very low.
Further, the insider buying was at $2.77... and they have equity financing arranged at $6.10 min PPS.
This all points to something being announced that will push the PPS over $6 and produce liquidity for those who want to sell.
GLTY
Blue...
Been watching CORT? Insiders register to sell 12M previously unissued shares. At the same time buying more on open market. I think a bunch more were bought today based on the spike in pps.
I think a PR is coming soon. Any thoughts?
Latest equity financing and insider activity including the S1 suggest something is coming.
I'm looking for a buy opportunity next week. Insiders are loaded at market up to $2.7.
Damn.... I used all my dry powder yesterday at 0.079...
This is China we're talking about!!! The partnership is a good thing. I would be concerned if they were trying to penetrate the market without one. Furhter they have chosen a VERY financially strong and well connected one.
What's not to like? GO AG!
Lovin it!!! Thanks. There's something in the works. The equity deal for $60M at an average of $6.25/sh would not be jusfified otherwise. Paperboy could easily have done a private placement as they did in the past. However, they bought on the open market. Like good insiders they showed the way.
What do you make of the latest line of credit equity financing? $60M over 36 months with max shares issuable of 9.6M nets out at $6.25/sh. I think this is why insiders have been buying.
Question is, how fast will it get there?
I'll gladly hold the wager in escrow for both of you at no charge. It will be securely invested in SWVC. I should profit about $200 after paying Red his $200. LOL
Sorry Drac... I'm sitting on a few M shares and I have to believe my DD and experience will prevail here. There are many stocks touted on IHUB with no assemblance of a business plan that would be 4-5 baggers already with the PRs SWVC has recently released.
GLYA
Someone on IHUB recommended ChoiceTrade and I switched about 6m ago from Fidelity active trader pro. $5/trade unlimited shares. I haven't found a symbol I can't trade.
It's no frills, quick and easy. Most are using third party tools for charting and L2 so there's really no reason to use a big brokerage house.
GLTY
AWYI - SYDI Please...
TIA RDB
Something is wrong. Stockcharts shows HOD at 1.54 w/bearish SAR triggered. Fidelity shows HOD at 2.65.
NYNY - are we still in this..... Wasn't watching and then I got an alert that the rest of my buy order from this AM filled at 1.55....
I'll let you know how high it goes.... I'm locked in for a few days. I threw some IRA money at it...can't buy and sell same day without the "free rider" alarm going off.
Great call WU team.
Not happening.... Brady will come through. He's a Michigan boy like me.
GO BLUE.
I've heard about them. Legend has it they appear right before a stock has an incredible run. LOL...
Pixie dust for all!!!!
This is setting up nice. We know what the next PR and filing are going to say...
convertibles done and sec filings
Hacketts profits and holiday sales results
New acquisitions and projected revenues
Feb is going to be nice month for SWVC.
His message history says it all. The preferreds have and are serving their purpose. Soon that purpose will be fulfilled.
RDB,
Didn't see them as a customer in the ibox but Sony is betting OLED is the next technology to revolutionize flat panel TVs. They made a big splash at the '07 CES show with OLED flat panel monitors.
CES is in Jan, did NXSL attend? I bet there were a lot of OLED displays there.
GLTA here..
When was the last time someone actually spoke with someone from the company or visited their office?
Hi Low,
Can you look at the time and sales close in CORT? What do you make of the run to 2.86 and then after hrs sales back at 2.68. Trying to understand MM bahavior and signaling.
TIA
Born
Not exactly... but this factor financing does bode well for the company.
1) We will have an asset base of more than $5M. They'll usually finance ~75% of the value of the inventory. So the minimum inventory value is 1.25*$5M plus what Hacketts owns outright.
2) Wells Fargo is a reputable financial institution. There are many shady groups that provide this type of financning that Hacketts was able to rise above.
3) Wells Fargo requires a detailed review of the company's cash flow. Meaning they have it and it is suffecient. They will also put other convenants (financial controls and thresholds) in place to ensure the company remains financially healthy. Another set of eyes on the books is good for shareholders.
The fact that Hacketts has been able to secure this type of financing from a reputable institution like Wells Fargo give substatntial credibility to the business plan and direction the company is heading.
Way to go Tom! I think we have a $30M company (in Hacketts). Some Holiday sales fugures would be icing.
Nice call Fringe...
Bashing is a lonely life...
SYDI 10min chart looking good. Will close above 16 open imo.
Is there a known OS as this point?
YES! LOL.
For anyone with kids in college studying Psychology this board and associated PPS movement would make a thesis. I'm happy to be a participant.
PS...The mood is going get a lot better over the next few weeks.
Price on preferred is irrelevent. $1 just make the front end calculation easier. Its the conversion rate and other convenants that matter.
A PR with Hacketts holiday performance would go a long way to get back to 0.02. Other M&A announcements could take us higher. Downside risk is minimal by comparison and someone has been accumulating large blocks.
Instead of providing bid support why don't we puts sells in slightly above the ask.
The MMs will chase the volume.... thoughts?
Hi Low,
I'm confused by CORT. Chart looks to continue to support at 2.50. Lots of insider buys over the past 2 months at or above the median price for the day but no appreciable PPS movement. When they stop the price begins to fall.
Almost seems as though insiders are intentionally holding the price up. Do you think dilution? Same insider made several larage private placements months earlier (see sharp increases in pps). Why buy on the open market now?
Several colleagues are going heavy into this. I'm trying to understand.
Thanks in advance.
I agree with all the valuation work done here...
It seems like Cargo has uncovered numerouse items that consitute news as significant as the May to July PRs. Please correct me but since the Verisgin deal, there haven't been any PRs except those mandated by the SEC.
Would COPI have a reason on to PR their good progress?
Any insight is appreciated.
Agreed. I was just reading what all the hype was about.
IMAX close 4.64. Premarket 6.41 X 6.44... hmmmmmm...
I wonder what % of the float is owned by this board?
I have 1.3M... locked away.
Others?
I'm in.... not trading....HOLDING! If this company figures out how to PR this go up fast and stay there.
Chartinator
For your university plays how are you determining the size of the position you are taking?
ie if the goal is 3% on the portfolio value per trade you could invest 50% of the fund for a 6% return.
Thanx... great board and good luck.
increased today?
Would that yeild a pps of $12 with current O/S?
Nice catch.
Wasn't there an ascending triangle just prior?
I think this board owns most of the float... what pattern would you like to create tomorrow? LOL
This is looking very good. I wish I had some dry powder to add on the dips like you and Monkish.... Unfortunately I'm all in for Dec.
The purchase price is the "book value". The company is valued some multiple of book value. Why? - earnings potential.
This is people selling out to jump on other plays on IHUB. Nothing has changed IMO.
Abby,
Welcome back!!! We missed you.