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Sounds to me like they just wanted to drop enough shares to not have to report anymore, as I think 4.99% is no coincidence, for what it's worth
E*TRADE sent voting instructions for both my accounts
MDuffy - what worries me about that a bit is that he thinks it's only going to last until 2019, though he says at least, as that would indicate that they still do not expect any significant revenue through 2018 as they otherwise at least should become cash flow positive unless they plan grow dramatically if revenues take off eating up proceeds.
Cheers
It is from the filing as the author states in the article
RFB
The trading pause would be listed there with reason code LUDP and last 5 minutes as can be seen with several stocks today, but not SGLB
RFB
There was no trading halt today or anywhere in the recent past on SGLB. If you are calling the larger spread between bid and ask a halt that is a far cry from the stock being officially halted
HTRE -
As you said there are 10k+ shares on the BID side, meaning people trying to GET shares, not trying to get out at all cost. That would show up as large ASK quantities, just to clarify
TedJ -
not speculating here, merely stating a fact that someone with a large chunk of shares to sell is doing it in an "automated" way by issuing a market sell order every one minute, that translates into 6000 shares per hour and that for >3hrs now, so substantial, and nabbing away at the bid at any given time. Could also just be tactics to minimize share price impact by not dumping it all at once but giving the bid time to solidify and therefore maximizing the money received for the shares sold in this time frame. Who knows, why this is done, there's any number of reasons but it will keep the sp down unless buying volume is picking up significantly and consistently and with the same tactics (placing 100 share buy orders every one minute.
It certainly is not the company using their money to buy shares as these are clearly market sell orders.
A market sell order is not keeping up the share price but eroding the bid side as clearly visible today
Someone is placing 100 share market orders every 1 minute since 9:58. Wonder how long this is going to last
Psid - agreed on the revenue part, eventually they have to show consistent positive earnings and good cash flow to succeed. I was taken issue with HTRE's taken out of context quote "existing contracts are anticipated" (maybe unintentionally) as the full quote in question was "and existing contracts are anticipated to dramatically impact Sigma Labs’ growth trajectory beginning this year.” Meaning the "anticipated" was not referring to existing contracts but to dramatically impact Sigma Labs growth trajectory part of the sentence and that is valid conjecture and not vague and contradictory but very clear as in "is anticipated to" which to me is very clear context and about as upbeat as they can be at this point. Whether the "beginning this year" is very late in the year or gets further delayed or won't happen at all is wide open given all previous "anticipations" with regard to timing of things and is the reason that this is still a highly speculative stock
HTRE,
What is so hard to understand? It is very typical with equipment / service suppliers to have so called fixed contracts but the revenue recognition can be flexible as delays can happen or short deferences because of changed time tables on the customer side. Anticipating certain revenues based on the fixed contracts therefore is the right term and should hold true barring unforeseen events
pisd - sounds to me like the software packages sold via the early adopter program is considered beta software and further debugged / validated via those customers. If and once approved there will be further sales to those customers and then licensing agreements will kick in on those sales and the current beta versions then converted to fully verified programs. That's my take on it, for what it's worth, and these validations do seem to take quite a bit of time, unfortunately
Most of those R/S do not go together with a reduction in A/S which compromises the integrity of the stock structure and opens the doors for future dilution the cheap way. Not so this one, very big difference to most other R/S
Did anyone notice the wording highlighted below in the excerpt from Charles de Forges, General Manager of Spartacus3D? One can speculate what is meant by "invest significantly" but that sounds like commitments were made and capital expenditures are planned...
GLTA
« We are thrilled to start this collaboration with the Sigma Labs team, with whom we share common vision and approach. By joining Sigma Labs’ Early Adopter Program (EAP) and integrating PrintRite3D® on our metal AM machines, Spartacus3D is the first French company to invest significantly in the field of real-time in-process quality control. This project is well-aligned with our strategy which is to offer solutions adapted to serial production, for industries requiring the most stringent quality standards, such as aerospace, defense and medical. », explains Charles de Forges, General Manager of Spartacus3D.
Just a minor "error" in that it's 3.11mio loss and not earnings, that were reported in the last 10k.
RFB - I could be facetious and refer to the recent 10K which contains this line for 2013 income sources:
"? $109,096 in revenue in conjunction with sales of our PrintRite3D systems to GE Aviation for test and evaluation purposes associated with the production of metal additively manufactured parts;
"
which is a sale after all and ONE THING that Sigma has sold to GE, but of course, I'm sure you're really meaning substantial sales and they are still in the future
You are correct, should have re-read teh document portion where it list the Total Authorized Capital indicating the sum of the new common shares reduced by factor 9.9 and the preferred shares, my bad...
Certainly makes the possibility of it being indicative of a pending up-listing to a senior exchange more likely= as they also listed in their PR (besides the motivation of not being a penny stock and enabling Swedish Brokers, which is more likely the bigger reason behind this in the short term, which would also indicate that they might have buy interest lined up already).
Good luck to all of us.
That is not necessarily true. As I wrote yesterday this is also a means to free up headroom on shares authorized as they have not been adjusted at all. This is easier than increasing the authorized shares again. Not saying that this is the motivation but certainly another motive for the action and should not be neglected in our considerations. And as also mentioned it also increases the value of the preferred shares Solomon holds as they have not been adjusted, either. A clean reverse split of a large company with pure intent of achieving a senior listing would have adjusted the authorized share count accordingly with maybe a little headroom as required for later accommodation of possible share sales due to the convertible notes. It could have all be done in one swoop, this way it only leaves open questions
Works in both Chrome and Safari for me and I'm in the beautiful northwest of the US
The change in symbol is just the added D as usually done in a split or reverse split and should stay there for about 20 days. By no means is that his an automatic indication for an uplifting but standard practice to highlight a split or reverse split (or sometimes also for a new symbol to mark it new for information purposes)
Yes, works fine for me and has 62 overall listings, two of them being SIAF
see my previous post about pending r/s
But if you look at the document the r/s is one of only two ways to remedy exceeding the number of authorized shares (225mio) and according to the latest document there are slightly more than 227mio outstanding right now. And since this document does not say anything about reducing the number of authorized shares by a factor of 10 as well it can also mean to just generate more headroom for later on or, of course, open the door for an up-listing. Can't remember whether the preferred shares have voting rights and how many are held by whom but it surely empowers them dramatically since they stay the same
It's on the daily list now and a 10/1 reverse split effective tomorrow, also has a symbol change from SIAF to SIAFD effective tomorrow
Could be a trade of stock options exercised at that price (it was one trade of 13,500 and one trade for 4,000 shares as first trades today) but I did not see any trades in similar size for the higher price which would mean that whoever bought them kept them (at least for now)
You are right, of course.. forgot about that, thought the NT was due the same day the original 10-Q was due and they filed on the 15th like so many other companies.
Not that it matters since the 10-Q is out
They have until tomorrow! It's original due date + 5 calendar days (just as the NT filing says which makes it 15th + 5 days = 20th end of day
Email sent!
Neither can I, hope someone will keep us posted here!
And you're right, volume measures are all relative, it's just pink sheets still allow for an added level of price manipulation by involved parties that would be more transparent on a senior exchange
I have no idea who is selling but would guess it's someone who's got the shares cheap one way or another. Problem that we're dealing with is that liquidity in this stock is still very limited (one of the problems being on the pink sheets) and hence any seller with somewhat decent share count at low price will depress the price if he/she wants to sell no matter what of has a hidden agenda or is short selling.
The dilution for the Ironridge deal was included hence the convoluted numbers as everything was stated diluted as well and that dilution was based on the maximum amount of shares set aside for the debt swap deal (just refer to the share numbers listed as outstanding and diluted)
Cheers
Correct me if I'm wrong but at this time there have been no shares given out for debt yet, just the maximum amount of shares set aside and the final number of shares for the debt swap is depending on the average share price for a period of time it takes to trade $9mio worth of shares (if memory serves right) and that period is still ongoing so the final dilution is not known yet as is the actual share price they'll be getting them for (as we were mostly trading above $0.55 per share so far). And the maximum number of shares resulted from a 10% dilution limit according to the filing (again, if I'm understanding this correctly).
On top of that those are unregistered shares so far and hence can not be traded publicly and it would be interesting to know what the restrictions will be once they file a registration.
Cheers
S&P Capital IQ Initiates Coverage on Sino Agro Food, Inc in Standard & Poor’s Factual Stock Reports
http://ih.advfn.com/p.php?pid=nmona&article=49715599&symbol=SIAF
S&P Capital IQ announced today that it has commenced Standard & Poor’s Factual Stock Report coverage on Sino Agro Food, Inc.
Sino Agro Food, Inc. (OTC: SIAF), an agricultural technology and organic food company, is focused on developing, producing and distributing agricultural products in the People's Republic of China. It plans to offer agricultural and aquaculture products to meet the demand of China's middle class for gourmet and high-quality food items.
The company's lines of business include the manufacture and distribution of beef and lamb products, fish products, bio-organic fertilizer, stock feed and cash crops. The company works with local governments and farmers to form agricultural cooperatives. Once these cooperatives have been formed, Sino Agro Food develops the infrastructure and provides the education and training to bring what were once small individual farms and communities into commercial-scale operations.
The company conducts its operations through various subsidiaries. Capital Award Inc. engages in modern fishery project management and consultancy services. It provides consulting and management services to fish farms that are adopting the "A-Power Technology". A Power Technology (APT) is an engineered, self-contained water treatment and re-circulating aquaculture system (RAS) for the growing of aquatic animals on a commercial scale. It mainly consists of the A-Power Grow Out Basin and the A-Power Treatment Stack equipment and operating techniques and procedures which Capital Award has established as essential or desirable for the establishment, development and operation of the A-Power aquaculture system. An APT-designed fish growing system is fully integrated, automated and climate-controlled. According to the company, the enhanced growing conditions enable improved productivity, mortality rates of less than 8% and a feed-to-fish conversion ratio of 1:1 for pallet feed and 2:1 for non-pallet feed. The system is housed on land in an enclosed environment under fully controlled conditions, and by avoiding contact with any outdoor contamination and using treated water APT RAS produces healthy farmed fish guaranteed free of antibiotics and other pollutants, according to the company.
Standard & Poor’s Factual Stock Report coverage on Sino Agro Food, Inc. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.sinoagrofood.com for additional information.
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If I understand the filing correctly, he got awarded 50,000 options on 6/11/2011 at an exercise price of $3.13 which was the closing price per share on 6/10/2011 and 25,000 of those options are vested right away (hence the filing for 25,000 options) and the other options vest at the first anniversary of the grant (6/11/2012) and all options expire on 6/11/2014.
Nowhere does this say that he intends to exercise those options which would be crazy if you can get them cheaper on the open market at this time and would also not do much for the price as this would increase the outstanding share count as this would be shares reserved for those options and not free trading at this time.
We can only hope that the options for this guy will be worth something within that time frame as it would mean that the price per share would have to recover above $3.13 and we all want that.
Cheers,
Klaus
Disclosure: Long on NEWN
10atious -
most probably due to the Halter Index requirement of average market cap of >$50mio over the last 40 trading days which translates to an average share price of $3.50 which we did not maintain...
Looks like they heard you :)
Russell addition PR is out...
Some serious buying - 26,000 shares on the bid at $3.60
Which pretty much renders their NT-10k worthless as they will not be able to file by 4/15...
which then will make them delinquent, and so on and so on...
I have no position in ALIF anymore but had a while ago and am still following them in hopes that they might get their act together and be fiscally sound at some point as I think their product mix could be good.
Good luck to all currently invested.
smartscoops -
I agree, NEWN has grown via acquisitions executed with a mix of cash (from cash flow of operations) and equity which is a reasonable way to go as long as the acquisitions are accreditive to the bottom line. They do, however, have to consider the P/S to not unnecessarily dilute for any given project.
So far, they have not lied or been inconsistent with what they said, IMO.
Cheers
News - VTSS to relist on NASDAQ starting 3/2/2011
http://ih.advfn.com/p.php?pid=nmona&article=46651394&symbol=VTSS
Vitesse to List on NASDAQ Stock Exchange
Date : 02/28/2011 @ 8:00AM
Source : Business Wire
Stock : Vitesse Semiconductor Corporation (VTSS)
Quote : 5.04 0.0 (0.00%) @ 8:53AM
Vitesse to List on NASDAQ Stock Exchange
Vitesse Semicond (USOTC:VTSS)
Intraday Stock Chart
Today : Monday 28 February 2011
Click Here for more Vitesse Semicond Charts.
Vitesse Semiconductor Corporation (Pink Sheets: VTSS), a leading provider of advanced IC solutions for Carrier and Enterprise networking, today announced that its common shares have been approved for listing on the NASDAQ Global Market. The Company expects that its common stock will commence trading on NASDAQ on March 2, 2011 under the symbol “VTSS.” Until then, its shares will continue to be quoted on Pink Sheets under the symbol “VTSS.PK.”
About Vitesse
Vitesse designs, develops and markets a diverse portfolio of high-performance, cost-competitive semiconductor solutions for Carrier and Enterprise networks worldwide. Engineering excellence and dedicated customer service distinguish Vitesse as an industry leader in high-performance Ethernet LAN, WAN, and RAN, Ethernet-over-SONET/SDH, Optical Transport, and best-in-class Signal Integrity and Physical Layer products for Ethernet, Fibre Channel, Serial Attached SCSI, InfiniBand(R), Video, and PCI Express applications. Additional Company and product information is available at www.vitesse.com.
Vitesse is a registered trademark in the United States and/or other jurisdictions of Vitesse Semiconductor Corporation. All other trademarks or registered trademarks mentioned herein are the property of their respective holders.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as described by the Private Securities Litigation Reform Act of 1995 (as amended) that reflect the opinion of Vitesse Semiconductor Corporation and involve certain risks and uncertainties at the time of its release. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions or expectations. All forward-looking statements attributable to the Company or any person acting on the Company’s behalf are expressly qualified in their entirety by this cautionary statement. The Company is under no duty or obligation to update any of the forward-looking statements after the date of this release.