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Well yeah, they took down Morgan's profile. But I was referring to eliminated the partners page and eliminating the Texas project. They also eliminated the employment listing but that on its own isn't necessarily bad...
FYI - some changes to the website, not good ones...
...I do remember that article. I had a few email exchanges with that analyst right after it came out (Lagana). He was quite friendly and informative.
Not that it matters but I'm pretty sure they did announce it, just a small blurb in a larger release. Also, I think most of the news articles at the time had quotes from Phil Coker, a director at NOC.
Fair enough. I think I do remember you calling the plunge. It was inevitable without concrete progress announced. There's just a lot of panic being stirred recently over long known information - not necessarily by you. Really I was just making a general comment, probably should not have been in direct reply to yours.
The AS increase was out of necessity. Those shares are accounted for (mostly). Every long knows, or should know, that this is all or nothing at this point - entirely contingent upon the DGU. If the DGU fails, for whatever reason, management will use the exit door they left wide open for themselves and continue their business in the private sector. Not much has changed. None of this is new information.
Wow. This board has been invaded since last I checked in. These are not clowns. They are prudent businessmen who are doing the right thing by protecting their assets and leaving themselves an "out". If the DGU fails, they will certainly be using that exit. Right now, however, evidence points to its success. Until the DGU's are a full go, this ticker is really just prophylactic bookkeeping. But that's been great for making a few bucks here the past two years. ...I still think they get it done. We'll see.
Good Stuff. Thank you for the time and effort you put in. Really nothing left to do here but wait I suppose...
I'm assuming this has been posted already but I haven't been checking in much... Fosgitt's 10/13/15 presentation: http://www.gasification.org/uploads/downloads/2015-presentations/2015-10-1-Fosgitt.pdf
I agree, but you have to admit it's starting to look really good.
I'm still very much on board and certainly not looking for any fluff to prop up the share price. Just pointing out the fact that they have yet to hit a deadline, not investor imposed timelines, but rather their own. I get it, delays happen but some questions continue to linger that I would like to see answered. The next few months are very important. NOC is responsible for manufacturing and assembly. Cirque does not have the financial nor manufacturing capabilities to this solo, at least not yet. So I'm putting a little more weight than you on the expiration of the agreement. I would just like to see something definitive, and I think it's close - good or bad.
I would really like to see some communication with shareholders at this point. I understand some things may need to remain under wraps, but it's been nearly three months since the proxy without a peep, other than the symbol change. The NOC JDA is approaching expiration and Midland was expected to be operational by the end of Q1 '15. Plenty of irons in the fire here, but thus far perception is that they just can't close. For the first time in over two years I have a little doubt creeping in... Just a little...
Jeez, things seem a bit touchy around here today...
Anyone else here receive the daily quote email direct from Cirque? It's been exactly the same for several days running, and inaccurate...
Haha... I rather enjoyed reading this morning's debate. :)
They've got the 25 mill now to put in reserve so I don't see any further issue with the default notice. They would just need to update the terms... As for your other questions, I'm a little surprised you own a "a nice chunk of shares" and don't know the answers.
Nope. Not much to discuss that hasn't been mulled over already. Everyone is just waiting for the next shoe to drop...
Just needs a little spark to ignite it…
That really is impressive. Two and a half years is nothing...
8K tomorrow…!?
Hear hear! ...
One major issue about location is the energy markets. The sale of the unit is one thing, but they are thinking also about the maintenance contract and power purchase agreement. Texas is deregulated.
Agreed. My "Big" was intended to be ambiguous. Either way it goes, it's "Big".
Just to clarify: I'm not speaking about the price, just Wednesday. Very big day for Cirque. Long time in the making.
Big week ladies and gents...
The fine print in the agreement has limited what sort of information Cirque could release regarding the DGU and it's development. It's just the nature of the industry. There was also really no reason for them to release anything until they were certain about the merger. They very well may have quite a bit to release when the time is right... In addition to all the new developments, when the merger is complete I'll be curious to see exactly what existing assets are being brought to the table too… soon...
Don't forget they are not in control of the dissemination of knowledge regarding the DGU's..
Press release this morning about the Proxy:
http://phx.corporate-ir.net/phoenix.zhtml?c=204721&p=irol-newsArticle&ID=2054908
Of course the merger needs to close. It's what we've all been waiting for. But overall, delaying the vote was intentional (though some smaller delays may not have been). It was their "out". They kept all the assets private for a reason. Per the original merger agreement, they could simply walk away if things did not align as they saw fit. But Silverthorn being installed upon Joe's passing and the vote moving forward means that will not happen. These measures will be ratified.
I do agree there is certainly some pressure "from outside" as you say, for them to close. Just look at the recent forbearance agreement:
"Morris agrees to:
...Immediately rescind and cancel his Notice of Default for Note 1 served on Cirque May 5, 2015 and suspend any declaration of default on the Notes until at least July 15, 2015, as per the terms below…
...If Cirque’s authorized shares have not been increased to 900,000,000 shares by July 15, 2015, Morris reserves the right to declare either or both Note 1 and Note 2 in default at any time thereafter."
They are a little behind schedule which means this type of pressure is inevitable. The price dropped because they missed their original deadlines and all those notes hit. It happens. It hasn't changed the end game.
As for the vote itself, my last count aroused no concern regarding the proposals being ratified. With all the strategic shuffling and recent issuances for unpaid compensation, however, I must confess I need to update my notes to get accurate numbers… But they know what they're doing.
Bottom line: If everything wasn't a go, this vote would not even be taking place.
OH HELL YEAH!!! …Couldn't have asked for better news when I got home tonight.
It's about to be increased to 900M...
Oh I know you're well aware. I'm just being a smart-ass. I'm so excited that the dominoes are starting to fall that the chart has become white noise. Of course had my chart analysis been better I probably could have added much more sub-penny (though certainly thrilled to be able to add what I did).
Chart predictions could prove moot given all the potential catalysts on the horizon.
It sure does!
It's not time to celebrate just yet but it's getting hard to temper my excitement... Though seemingly inevitable, there are still a few major i's to dot and t's to cross.
I think it's safe to say they expect it to get done by July 15, barring another rescindment
…Some good stuff in that tiny little paragraph.
Wow! Shocked to say the least...
Oh I thought you were talking about what they needed to cover. I haven't itemized what has already been issued.