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Anyone care to share their thoughts on the buy order at .065? Was someone trying to create volume and interest or was someone truly accumulating b/c they hope/expect something to happen early next week?
Side note does anyone think we would receive anything but positive news prior to the meeting?
that was an awful lot of shares to sell at the exact open price of .069...any thoughts?
I'm out. I don't know if you guys are aware but they made an SEC filing today, I think that's added to the demise of this stock. Good luck to all if it dips under .055 I may come back but the Sichuan deal is essentially voided because the opening date of the mine has been moved back. I love the potential of this company and hate to agree with the bearish folks but unless they have something up their sleeve they look like a potential candidate for de-listing. Management also acknowledged the impending major dilution of the stock if the votes go according to plan.
the only stock that will pull me away from pgrx is plug and thats only if it falls below .30, until than i think this has bottomed at .07 and im hoping for a positive piece of PR soon.
I'm staying in but my avg price is .085ish, I've liked the recent PR even though it hasn't moved this stock and when you look at the daily transactions there are fairly large buys going through (I believe I saw a 200k share order go through today) but its being manipulated down by 100-300 share orders. People can only hold this stock down with stupid 100-300 manipulative share sales for so long, at least that's what I'm hoping.
I wouldn't place too much merit on today's drop, I researched the effects of the "investigation" release on other stocks and the pattern seems to be consistent relatively big drop following the news and a bounce back up the following day.
Cheers
Same thing happened after their last morning conference call. I'll wait for .34 and buy than this stock has potential yes but I think its currently being driven by the r/s fear. I didn't listen to the conference call did they mention the r/s at all? Cheers
as much as I agree with you I think this will drop below .07 today. People lack patience and only read headlines.
if shareholders vote down the r/s what are the options? delist, sell, extension?
I hope we get a second straight positive day, as without the investigation news we most likely would have, but whenever it looks like momentum is building something happens and we are pulled right back down. Hopefully people brush aside the acts of what appears to be a disgruntled shareholder and recognize the positive steps taken over the past few weeks and start/continue to buy.
I think we can all agree that baring some miracle before December this stock will go through a reverse split, whether it be in a month or longer. If I'm reading the below excerpt from the proxy correctly, the amount of shares will be adjusted based on the reverse split. I personally think this is somewhat necessary given the amount they have available and the current share price. What do you all think?
"In the event that any dividend or other distribution, recapitalization, common stock split, reverse split, reorganization, merger, consolidation, spin-off, combination, share exchange, or other relevant changes in capitalization, affects Prospect’s common stock such that an adjustment is appropriate to prevent dilution or enlargement of the rights of award grantees, the administrator will make equitable changes or adjustments to outstanding awards to prevent such dilution or enlargement of rights, and adjustments to the number of shares reserved under each plan and the individual limits relating to shares. The changes may include the number and kind of shares of common stock or other property, the exercise price, grant price, or purchase price and terms relating to performance goals (such as share price targets)."
Classy people over that at Faruqi and Faruqi...how do these scumbags exist.
http://www.forbes.com/sites/danielfisher/2013/03/14/faruqi-faruqis-clouded-reputation-takes-another-hit-with-sex-suit/
Yea I did some quick research on these guys, nothing really ever sticks but they do have a knack for lowering a stocks price for a day and magically having it pop back up a day later.
"Faruqi & Faruqi, LLP Launches An Investigation Against Prospect Global Resources, Inc. (PGRX) For Potential Breaches Of Fiduciary Duties By Its Board Of Directors"
Anyone think this can affect the stock price or is it just disgruntled, vindictive, current shareholders grabbing at strings trying to get some of there money back?
i believe your right, nice units at the close to. Looks like people are expecting big news in the am any day now. Also if you have time read over the pre freasibility study based on their numbers if potash dropped to 300 as some people think profits will still be relatively significant compared to high cost mines.
at least its taking place. I started to worry a bit there as we hadn't really seen anything regarding the drilling for a bit.
someones trying to push this thing over a cliff with these unrelenting 100 share sales.
Just got 20k more on the quick drop at .075, the gaps been huge all day and the potential for a nice close still exists.
I agree, this looks like a true accumulation day. The dust has settled after the Potash chaos last week and people are either coming back or finally reading the positive reports from the last few weeks.
I guess it's a positive sign that people aren't selling. Maybe everyone's holding out for premeeting news that will hopefully take us into the teens
Well this trade volume is a surprise, when was the last time we see absolutely no movement and virtually no action.
Wouldn't it be nice if one of the last two after hour asking prices around .22 and .33 were hints of something to come...Its nice to dream.
First of all I agree it has been a refreshing turn around for this message board over the past week. Secondly I'm curious if you all have exit price targets in mind. I have an average price of .085 on 100k shares and I'm hoping for an exit around .15ish before the meeting and than look for a reentry following. I expect a dip after the meeting solely on the potential of the r/s vote being in favor, as most people will forget they will have until December to exercise the option (as many did with Plug causing it to dip substantially over a few days) and dump on the following Monday. I may be wrong but I wholeheartedly expect news early next week to get this stock back in the teens, it would have been foolish for them to release positive news this past week during the Potash meltdown as it would have been seen as irrelevant.
if the stock has a positive run pre meeting we could see the vote being yes but also a push for a compliance extension. Remember they will have until december to exercise the r/s.
if theres one positive to come from this weeks madness it would be the disappearance of our kiss of death L2 hunter. I just hope we get some non dilutive funding soon
well your well equipped for this stock!
this stock represents the wild west!
I bought a bit more yesterday kept lowering my avg price to about .085 for 100k shares. if you bought in yesterday take it as a gift i hope we never see .05 again
if they kept quiet the stock would have continued its decline, you can never give the impression that your thinking what do we do now. To be honest I'd be worried if they were to open production sooner rather than later, once the dust settles we will be fine.
Well I'm pretty sure its already worth less than toilet paper and 2018 doesn't bother me, a lot must happen before production ramps up which can positively affect the stock price, alright there Johnny big shot you can enjoy today but when we eventually have a positive run I will enjoy your eating crow! tell em steve dave! sorry just felt like that kind of moment anyone who gets that reference well done.
I bought some more at .064, either they hit the .15 mark for a reverse split and we make our money just before it occurs or they delist, so much potential in this company. We need news asap.
Well what the hell happened here? People reacting to a week of no news from the board?
what importance does the mutual fund news carry.
Are you looking at the detailed quotes page?
I haven't been using this site for too long, does investors hub post mutual fund information on news feeds as an ad or promotion?
well spotted with the date hadn't noticed it. I'm not quite sure what these are for, maybe their mutual funds investing in the stock not quite sure. It is interesting that the date is August 1st and this information cannot be found on the PGRX website, would the fund managers have been at the meeting last week?
http://ih.advfn.com/p.php?pid=nmona&article=58592440
http://ih.advfn.com/p.php?pid=nmona&article=58592437
there are two under recent prospect global resources Inc, PGRX News. Those are the links, I don't know why they show up on my home screen for PGRX and not yours.
any idea what the mutual fund news is about?
The board is seeking stockholder approval to grant the board discretionary authority to effect a reverse split with respect to the issued and outstanding shares of the Company’s common stock. If Proposal 2, as more fully described below, is approved by the Company’s stockholders, the board may subsequently effect, in its sole discretion, a reverse stock split of up to a 50-for-one exchange ratio. If approved, the board’s discretion to effect the reverse stock split would last until December 31, 2013, when such discretion would terminate if not exercised by the board
If I read it correctly they have until December to initiate the reverse split, they won't necessarily implement it during (or right after) the shareholders meeting. Is there really anything reported we didn't already know? We knew about the reverse split vote a while ago. I may be remembering incorrectly but I read either on this board or another that in order to initiate the reverse split at 50 to 1 they need to have the stock price at .15, I'm probably wrong but if anyone remembers reading this please verify.
were the mutual fund summary prospectus posted in the pgrx news sections a mistake?