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As in - Lots of Luck?
I hope you are right about that. If it was a mistake on their behalf it just may turn out to be a great problem to have for LM shareholders.
I'm not recommending they buy up companies for shits and giggles. But, for a product that may revolutionize many different industries and the products they manufacture, might be worth the gamble.
Something that has always concerned me and I know it has been mentioned on this board in the past. If Apple thought that BMG would be used extensively in the future, why not save themselves a boat load of trouble down the road and just purchase the company outright? If the material did not live up to its reputation in the future no big deal for the world's largest company. A few hundred million, or even one billion, would be like spitting in the ocean for Apple.
Very redundant.
Not a word from poincyM, Sam or War Chest....
Would not have had an investment left either way. That was a big part of the argument. Besides I didn't want to give shorts RS higher price so they could make more. No point in sellin' it now.
This stock was always a risk and I knew that going into it. Because of that I certainly didn't risk more than I could afford to lose. It isn't finished yet, but it may turn out that Sam was correct about selling for those that could not afford the risk.
I still believe that a yes vote would have been worse for current shareholders. And, also believe that some here only wanted a RS so that they could begin shorting it all over again. At this point my decision is to ride it out until we see if there is BK, BO or possibly some positive news as unlikely as it may seem. GLTA
Panic in the market - what a rush.
DCTH ordered this move a long time ago. They just didn't realize it!
Personally, I am with you, Gorgol. I would prefer not talking of Apple anymore. However, something occurred to me. If there are BMG's in the phone they may never be mentioned since Apple is so intent on disassociating themselves with certain elements like beryllium. I know that there are BMG alloys that are beryllium free but nevertheless it could be the association that they are trying to avoid for their green customers. Probably why they will never mention Materion as well. Beryllium free alloy but it may be the association with beryllium. IMO
After everyone is done messin' their shorts, someone will eventually realize delisting actually means NO vote. Buying pressure may then ensue after price drop. IMO
I see. Thank you. Nonetheless, Delcath triggered this at 10:13am I believe. So, it would be in effect Monday.
Delcath triggered circuit breaker at 10:30 am.
I may have that wrong. It would be nice if someone that knows the rule a bit better could chime in. I'm only getting so much from google.
I thought the circuit breaker was triggered as soon as the price dropped 10% from previous close at any point during regular trading hours.
If I were shorting this thing, I wouldn't get a minute of sleep this weekend!!
Excellent point. The uptick rule escaped my mind with the anticipation of NO vote.
Damn! I was gonna go out and fire up the grill. Now I don't want to leave the computer.
I do not want shorts to cover until Friday at the earliest! :)
I know you just didn't suggest that if you invest in a security you should also support dilution, because that is nothing short of dilusional. Besides, investors supported it twice, and now Delcaths' credibility with their finances is in question. Come to the shareholders with a contract: we agree to reduce salaries and other expenses and this is the exact split ratio we will pursue. This forcing things down the shareholders throat and expecting them to smile while doing so is BS! Sure hope this post gets deleted too.....
This I have assumed for some time. However, as should know, assumptions are not always correct. And, since u never really confirmed until today. You technically could have purchased after the 13th and sold shortly thereafter. Apparently, since it pops up in all your posts, you are the only one that does any DD whatsoever. But then, that is an assumption on both our parts.
I am not even going to bother explaining one's right to vote - u r well aware of it. So, don't take my right to refuse Jenny's attempt to dilute my shares by voting yes.
Ah, what I thought. So, even though u no longer hold stock u r not on the sidelines with the vote. You were a little deceptive about that now weren't you?
That's like saying I have denied citizens their right to Hillary Clinton because I voted for Trump. That is convoluted logic. Everyone has an opportunity to cast a vote and the chips fall where they fall!!
Comfortable with your YES vote? I thought you were on the sidelines...
Another guaranteed prediction - we all know how those turn out! Oh, just for fun why don't I add this line for the six millionth time - "Call da company if'n yous guys ain't believin' me".
U want even a prayer of enough people changing their vote, then I RECOMMEND u tell us the absolute split ratio. Not doing so only adds to the mistrust! IMO
Do everyone a favor and just cover your position.
Not everyone plays is safe 100% of the time - longs and shorts included. That's why casinos exist. This is one of those rare opportunity long shots. If you can risk the money - many will. 9 out of 10 times u get burned. But, that one time can make up for the other nine several fold. IMO
Just throwing this out there but that would mean Materion is not established either.
Already been mentioned that if vote is YES u will probably know on 7th or 8th. If September 9 and 10 go by and no word more than likely it's a NO. That's when u wait for a squeeze that rivals nuclear fusion!
I also believe that the scenario I just mentioned is exactly what a CERTAIN poster on the sidelines is waiting for. Again IMO
My take is if this RS passes they know it will be EXTREMELY difficult to push another one through further down the road. I have seen the 1:20 kicked around but I believe they will attempt to get their money's worth from this split. Probably looking in the neighborhood of 1:200. Now we are looking at a share price in low 20 dollar range. Shorts will attack that like flies on u know what. Price will drop dramatically, but won't matter anyway because u will not have any shares left in the first place. IMO
The very least they could do is tell us what the split ratio will be. That's like agreeing to purchase something before you know the price. Who the f does that.
This company and its situation is perfect for a sweet smooth backroom boiler deal. Jenny may not like working with these snakes either, but she has no choice. We do - vote NO!
Yup!! That's how I read it the first time through. But Sam would like us all to give up our money for the greater good. Greater good of whom - Hudson Bay?
This is actually what I'm betting on more than anything else. Would make BO or BK irrelevant from my position.
Cool story. Geology one of my passions. One thing I have learned about the Ivory Tower crowd - there is a big difference in being smart and acting smart.
Glad to hear that.