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Why are you saying a stock trading at a nickle or even when it was at .14 is a disaster buying early on R/M hype. If a legitimate company actually does come into this shell, then all of us will be rewarded...and where do you see Fernando's posts and bashes? I dont see where is he posting?
Weird, he usually was very quick to respond...maybe they are in some quiet period...I don't know...but patience isn't my strong suite and its testing me here lol
Try the main contact...James Preissler, 646-450-8808
preissj@gmail.com
They need to get on the ball...
Thanks, so what is the official share count now currently?
already in 2 other warrants both not doing much for me at the moment either.
I didn't say shares, I said shareholders, they need to meet a certain requirement to uplist to nasdaq.....all im saying is stop the talk about the china housing debacle...that not even close to why the warrants are sliding and commons arent price right
When will you guys get over the fact that investors arent concerned with the underlying fundamnetals...but the fact that there are no investors, no liquidity, crazy spread, no uplisting, super low shareholder count....thats why this stock is stuck, if management wants to maximize share price they will find ways to change the variables i just mentioned.
The company has some amazing contracts but when will the dilution stop is the question?
I don't see it being a problem at all, the company hasn't warned about it. You guys need to concentrate on why the spread is over $1, why there's no liquidity, how are we going to get uplisted, is CCLTF management interested in getting the stock price and warrants up, etc....
Once those things start happening then worry about the housing bubble, but CCLTF is expanding production, they dont see a collapse coming.
None of what you're saying matters, did you see their earnings and guidance? What matters is this one has a huge huge spread, with 0 liquidity, and OTCBB listing, no one wants to touch it. The company needs to get an advisor that will get them uplisted, bring liquidity, and need to go on road shows etc...
This isn't PR'ed by the company yet...I bet they PR it near or on the day of the presentation april 21st I believe...then we could see a real nice pop
Let me know what you hear back. Thanks
Pretty quiet right now from these guys, not sure what their gameplan is, but I hope it doesnt turn into another CCLTF, does anyone know if they are attempting to uplist, I follow so many of these I forget. Maybe I'll contact IR and tell them they might want to consider calling in the warrants...those warrants at $1.52 just way too cheap right now, it's putting common value at $6.52 with 3 yrs till expiry
hopefully nasdaq soon, then ill add
IR told me late april, early may....I wish they'd call in the dang warrants already
warrants got drilled today...this needs exposure badly and needs to mvoe to nasdaq
Agreed, and you don't hire CCG and then think a 0 volume day on earnings is acceptable...very disappointing.
Wow that's definitely concerning, these guys aren't pink sheet caliber, they need to step their game up, what the heck is CCG investor relations doing for them? Arent they supposed to advise them on this sort of thing along with bring exposure..this is silly
Making us more hidden even more than we were before, what's up with all this symbol changing...exhausting
someone who is impatient is dumping the common
good volume with the warrants, but 0 on common with earnings release...looks like ill be stuck in the warrants for a while, this wont be discovered any time soon it looks like
The sad part is I don't think we will be discovered on that PR, it's not that clear cut...and the spread on this stock is terrible. Would have been nice if they spoke about nasdaq uplisting etc.
Pretty much retail selling being impatient IMO.
What happened to the trading in the common stock, its been practically dead.
When is earnings here?
That's fine, to each their own, but your concerns aren't happening overnight and this isnt a long term investment...they can announce the intention of a redemption any day. Good luck to you though! We are both going to be very happy with CCLWF I think!
On #2....no that isn't the case...because if they reedeem and you get your warrants converted over...your cost basis per share is less...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48275896
So, let's assume possible cashless exercise and the best scenario for the company, that would mean the minimal dilution. That would be when common are traded at around $8.50 for the last 3 days before redemption.
Then, the formula for calculating the common shares all warrant holders will receive when exercising would be as following:
N [warrants] = N * (current_common_price - exercise_price) / current_common_price [shares]
10k warrants = 10k * (8.50 - 5.00) / 8.50 = 4,117 shares
So, your 10k warrants get exchanged for 4,117 shares without any cash from you, assuming the price of common is at 8.50 at a time of redemption call. The higher the price, the more shares you will receive.
Company doesn't get any cash for it, but the dilution is minimal. With normal redemption, they would get cash ($5 for each warrant), but all 10k will be added to O/S.
If the common stays at 9.50, then for your 10k warrants you get 10k * (9.50 - 5.00) / 9.50 = 4,736 shares.
Again, the formula depends only on common_price prior to redemption and exercise price.
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So let's say you bought 10k at $1.65 that's $16,500 cash outlay
Now after the conversion let's say you get 4200 shares that means to break even your cost basis is $3.92 for the common...
You see what I'm saying now? The risk/reward is fantastic IMO especially since they got to that 20 day above $8.50 requirement already.
Furthermore if you look at slide 20 of the investor presentation for AERCF
http://sec.gov/Archives/edgar/data/1417754/000114420410012989/v177042_ex99-1.htm
You will see that they have incentive shares for 2009 at 16mill-19million in net income..most of these SPAC's have incentive shares at levels they find to be very obtainable...they've made 9million so far in 2009 and the last quarter earnings comes out late April early May, I'm now assuming that quarter will be somewhere between 6-9 million in net income.
Furthermore you will see in 2010 they have incentive shares between 36-40million in net income...I dont like how there may be a ton of shares added through incentives..but even so if they hit $38million in net income for 2010 they will have about 28million O/S I believe not including the warrants for treasury method EPS of $1.35
With that type of net income growth from 2009-2010 (these are obviously assumptions from their slides) the growth would be near or over 100% in net income YOY and you think the market will assign a crappy P/E for that?
I think the stock could very well be in the $7.50-$10.00 range for a while based on valuation, and that puts the warrants with no redemption at $2.50-$5...currently they are $1.65
"There is the risk that the common will tank after redemption to below the $6.65 breakeven point and then your only course of action will be to hold the common longer-term and hope for an upswing, or sell out at a loss."
Huh? If the company announces they wish to reedeem, the warrants will probably jump past $3 and you can sell the warrants before any conversion.
Furthermore, if you do hold your basis price would not be $6.65 edj on the other board figured it out, I think its something like the cost basis would be in the high $3's...so I wouldn't worry about it.
Plus what's so hard to figure out about the commons, they are going to be making probably around $1EPS for 2009 using the treasury method and they are growing. Call up IR or email them the guy will respond to you.
Who is going to be kicking them out of china like some others on here are concerned about, that's a pretty ridicolous argument in my opinion. They also need like no working capital, they don't need the cash really, that's why I think they will do cashless redemption if they do.
My point about it needing to be above $6.65 by end of 2013 was that its relatively low risk to hold these warrants because even if they don't get reedemed (which shoots warrants past $3 imo) you can safely hold onto the warrants and have 3 yrs to break even at $6.65
http://sec.gov/Archives/edgar/data/1417754/000114420410012989/v177042_ex99-1.htm
Also they are getting stuff started in south korea, who cares that they dont own anything? They need hardly any cash and they have no debt.
They already met the 20 days out of 30 requirement above $8.50
There is no guarentee the company will call in the warrants, but that's what I'm shooting for, they will probably do the cashless option if they do call them in.
They need to register the warrants with the SEC first, but they can PR their intention to redeem the warrants, at that point I believe warrants will trade above $3 for 100% gain with relatively little risk, given that you have till october 2013 at $1.65 for the common to be trading at $6.65 or above..
I don't think it's selling from holders in the $1's... Why would you convert to common? I'd just sell the warrant outright when/if it hits my target of $4.50+
Looks like some dummy must have sold at market with no limit set to push this down to $1.48
All of the warrants in these spac's seem to have unlimited supply at a certain price then explode upward...same with AERLF it was stuck in $1.30-$1.40 for a bit on a ton of volume at the ask not moving it, then one day it moved
Has anyone contacted the company to let them know that they can redeem the warrants if they want and to see if they have any interest in doing that in the short term? I'm told earnings will be late april, early may
AERCF is the common, AERLF are the warrants
They have to get the warrants registered with the SEC, but they can put our a PR stating their intention to call in the warrants since thye met the requirements, but the company might not plan in calling them in, so don't count on that
Got it thanks, I just started looking into this one, but it looks like they have a ton of potential with the china stimulus package, a lot of opportunity.
100% market share and no competitors for their Integrated Launching Carrier.
15million shares fully diluted if you include warrants
$1.45-$1.58 EPS for 2010 using the treasury method...for a $7.10 stock, this looks massively cheap....warrants with a strike of $5...seems like the warrants will be a steal.
I could see the stock hitting $10 and warrants be at $4.50-$5.
Thanks i dont have a membership here so I'd prefer not to publish my email address to everyone on the web lol. Ill keep giving the website a shot.
The link won't download for me, anywhere else I can find the presentation?
Makes sense to me, thank you for the rational discussion with me. Can't wait for earnings, has there been any set date in March yet?
You might want to look at AERLF by the way, I like that one a lot given the warrants can already be redeemed since its held over $8.50 for the 20 out of 30 day policy...the commons (AERCF) priced too high probably right now, but the intrinsic gap is still huge