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Who is to say that the company itself is not dumping shares to acquire much needed capital? As a pinkie company it does not have to notify anyone or regulatory body to do it.
I agree with you. Jayson may not like the stratellite technology but the Swiss are actively pursuing it .......
http://tinyurl.com/jqgkk
Loss 3 cents per share vs 5 only because OS increased from 66mil to 101mil. (1Q 2006 Net loss $3.5mil vs 1Q 2005 3.6mil)
Put Options
The buyer of the put pays a premium up front for the RIGHT to SELL the underlying securities at strike price. The Seller of the put (who earns the premium) comes under an OBLIGATION to BUY at the strike price if the put option is exercised by the buyer.
Warrants (issued by corporations to raise capital) are traded as securities and their prices reflect the value of the underlying securities. Exchange traded call options, are trading contracts, and are not issued by corporations. The buyer of the call option pays a premium up-front for the right to buy the securities at a certain price, the stike price. The seller of the call option will have an obligation to deliver the securities if the option is called. American options are exercisable any time before expiry date, whilst an Eurporean option is on due date.
Calls at 2.50? Looks good.
Google leads me to this useful link.
http://tinyurl.com/6ojto
<ECNs or "Electronic Communication Networks" are computerized trading networks that match buy and sell orders directly, without the help of a traditional marketmaker>
see link for AH
http://www.tradingday.com/sis/gte.html
You can spin prices around like a yo-yo in thin trading.
This might not happen. Given the anticipation of the 150million deposit and the time-line for the Stratellite demonstration, caution, perhaps has become a compelling factor. I think we have entered a period of 'wait and see' for the next few days with PPS moving a few ticks up or down each day.
Pit. Are you having doubts about the wisdom of your investment or are you a downright day trader hoping for a stronger swing? If the Russian contract had been won by companies like Lucent, Nortel, Ericsson or the like, would THEIR investors be clamouring for the 150million to be in the bank as evidence of good faith?
Given the chain of events, what you surmise is credible.
May I give an opinion?
The 'August investors' are in reality 'FINANCIERS'. They have a sizable loan plus interests to recover. Would they sell some shares to do that now that they have converted? I bet they do. Once they have achieved that, the residue of the shares may then, if so desired, be allocated into their investment portfolio.
Company is free of debt and has increased working capital at the price of a small dilution to its OS. Won't help PPS in short term but firmer fundamentals (healthier balance sheet and income statement) should ensure a pick up in the PPS going forward.
Agree. This, as you suggested, would be the proper corporate response to protect shareholders interests.
Should one be surprised? GTE to these sellers is a nameless and faceless platform from which to buy/sell, make profit (hopefully), take home money, buy daily bread. Until and unless the company can shake off its BB day's camp followers, institutional clients will hesitate to participate for fear of such fearsome volatility.
GTE/Frankfurt Stock Exchange.
GTE is now trading at Euro3.50 ($4.14) up 84% from previous close. Vol: 72,000 which is exceptionally high for this exchange.There is 45 minutes of trading left.
It's a win-win situation for both the company and the 'subscriber'. The company gets its much needed funding and the subscriber gets a quick turnaround profit for its initial investment.
Mide. I appreciate your noble intentions. This has been an excellent board, and no doubt, will continue to be so. Thanks.
I have never used margin as well.
Here's what the SEC says about it (Margin: Borrowing money to pay for stocks)
http://www.sec.gov/investor/pubs/margin.htm
Mide. Yes, I also see $5 by year-end as the threshold to attact the so-called 'smart money' and GTE could very well be positioning for this.
Your earlier msg 9238 (strategic analysis?), is well presented, argued, reasoned, and convincing. It's a really good read, and thanks for it.
Here's an interesting article. Explanation of Fundamental analysis vs. Technical analysis. Each one to his own, I suppose.
http://tinyurl.com/csuat
Like to explain daily technicals (TAs) ... that was the week that was (past) guiding into the future vs Fundamentals (the foundation)
Your views?
Thanks Low. Saw the day's action but did not see it as clearly as you did. Great insight.
The fear of the massive dilution is beginning to sink in. If you were one of the convertible bond holders, what would you do?
The operative word is 'long-term'. May be some investors are not prepared to wait that long ... whatever this entails.
Viel Glück im Neuen Jahr
Immer noch.
>> Would you buy a used car from this guy ?<<
Yes, if it is a Ford T
Your membermark of cash_flow4me was successful
SUBLIME: Many Happy Returns of the Day
I am not a regular to this board but have enjoyed your sense of humour and of course your timely L2 updates.
Bush & Kerry
http://www.jibjab.com
Record date
Date by which a shareholder must officially own shares in order to be entitled to a dividend.
For example, a firm might declare a dividend on Nov. 1, payable Dec. 1 to holders of record Nov. 15. Once a trade is executed, an investor becomes the "owner of record" on settlement, which currently takes three business days for securities (T+3). Stocks trade ex-dividend (without the attached dividends) the second day before the record date (Nov 15), since the seller will still be the owner on record date and thus is entitled to the dividend.
In the case of CMKX, the record date for the CIM dividend is August 20. Being so, the stock will trade ex-dividend on August 18.
Zen, Great post. I couldn't have put it better.