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def. wouldnt object to that ;)
As I wrote earlier, this is about where book value per share resides. That is based on a count of 777K O/S right after the reverse split though. We just dont know, how many shares the co and its "related parties" dumped on us during the last three trading sessions, they sure didnt stand by idly, great opportunity for them to fill the coffers some more.
Also, DRYS may not serve as a bluepring precisely because DRYS' epic run last year is on everyones mind that trades the shippers now. What does this mean for DCIX price development from here, that is the question. A much shorter, but steeper rip because traders react faster than a year ago? Or how is this gonna scr%w the majority here? Food for thought. Good night & good luck!
Bookvalue of this s%&cker is somewhere north of USD 150 per share (equity value was 129m per end June, they got some cash from the heavy dilution in the meantime and O/S after the RS is now some 777K).
Plus market cap is still tiny and below 10m right now. Thats the difference to a DRYS which trades close to book and is a half a billion dollar company at the moment.
So, id say there is fertile ground for this to continue its rip higher. I got in relatively late with this one (was early in DRYS last year, but sold way too early too), whether too late or not, the coming days will tell.
Congrats to those who got in Thursday and cashed out. And good luck to those still in. Should be interesting next week.
A week ago, they had 4.4m shares outstanding and thats after a 1-7 R/S.
So dividing all per Share info of June 30th by a factor of 30 should do it justice. Also, the profit is actually a loss when taking out the book gain on the debt settlement.
But never mind all that, just let it rip ;)
Yeah, youre right of course, the real pros post here all day long, very professional ;)
Indeed! As I said, I like to play the game every now and then, but DCTH is prolly not a good idea for today. A failed R/S is just not the kind of news that can keep a rally going for long enough to make a profitable trade. But who knows, if all the pushers here get plenty of suckers on board...
99.9% of the posts here are utter BS and I happily leave this to others. Its tough enough to find something useful as it is.
And I wasnt saying the delisting is imminent, but without a R/S it will still happen. Those who post that the stock will make it on its own over a buck now are either lobotomized or malign pushers to get the unexperienced to hold the bag. I know this is how it works, but still...
I traded this from 2 cents to 8 cents the other week, which was very nice. But now, if this opens where its indicated PM, I wont touch it. You have to assume the full 500m shares outstanding and a market cap north of 50m is rich as this co. has nothing to show for. Also, I do not understand the euphoria around the non-R/S, the company is now in even more trouble than before and might get delisted soon. I really dont mind to ride along with a pump & dump every now and then, but I just dont think DCTH is tradeable today. We'll see.
The problem is, that this Otic Pharma has basically nothing to show for. Their drug candidates are only investigational.
That also explains the 60/40 ownership split. But two companies that are worth nothing combined still dont amount to much.
And worse than this, Ortic will use TKAI as an ATM and continually dump new shares on the market, thats why they do this transaction in the first place.
Reverse merger stories are often great for trading, but I doubt that this one will be such an opportunity
If you look at the 10-Q you see that the company may have gotten rid of half a billion in debt by letting this subsidiary default but they also got rid of the assets in the process. Just a bit of dwindling cash and some idle equipment left, but no more properties and reserves.
Makes me wonder how this company could have a shot at any kind of recovery...
Guys, TPLM is getting paid exactly Nil! Which was to be expected.
The whole of USD 58 m goes towards the lenders of RockPile.
Its essentially a no news item. The 10-Q is more interesting as its shows that debt was massively reduced by this. Operational measures still awful though.
The 8-K reads:
"The cash proceeds from the Transaction not subject to holdback or the wind-down budget (discussed below) were paid directly to RockPile’s secured lenders in satisfaction of RockPile’s obligations under the Credit Agreement, dated as of March 25, 2014, as amended (the “Credit Agreement”), among RockPile as borrower, the lenders party thereto (the “Secured Lenders”), and Citibank, N.A. as administrative agent. Triangle received no proceeds of the Transaction on account of its membership interest in RockPile."
Does anyone know who currently owns D-Vasive?
Would be interesting to know who ends up owning half of the new company. The only official information is that John McAfee is the founder of Future Tense Central with whom MGT will enter a consulting contract and thus acquire the services of John McAfee as CEO. What is unclear, is whether John also owns D-Vasive and will therefore become a major shareholder in the new company or if indeed that is not the case and he will only become an agent to the new firm. Thankful for any insights on that.
Thanks Spetty, finally a comment with some content to put it all into perspective.
I got in Monday with a similar view, i.e. that the name alone should attract a lot of speculative money in the least - im a bit more sceptical of it attracting alot of clients i.e. if McAfee can actually deliver in terms of turnover and profits down the road, but that judgement is for later.
Unfortunatly, I sold half my position early on Tuesday already because the momentum from Mondays gap didnt follow through and Ive learnt to reduce risk in these kind of trades once momentum starts to sag. Luckily, I kept the other half of the pos. and intend to let it run some more. A spike today and tomorrow in the range of 4 to 5 bucks would make me a seller though, but if it continues to creep up slowly, Ill stay a while longer.
Good luck
Thanks Spetty, finally a comment with some content to put it all into perspective.
I got in Monday with a similar view, i.e. that the name alone should attract a lot of speculative money in the least - im a bit more sceptical of it attracting alot of clients i.e. if McAfee can actually deliver in terms of turnover and profits down the road, but that judgement is for later.
Unfortunatly, I sold half my position early on Tuesday already because the momentum from Mondays gap didnt follow through and Ive learnt to reduce risk in these kind of trades once momentum starts to sag. Luckily, I kept the other half of the pos. and intend to let it run some more. A spike today and tomorrow in the range of 4 to 5 bucks would make me a seller though, but if it continues to creep up slowly, Ill stay a while longer.
Good luck
In these cases, it helps to consult the source.
And there we find out that a) this News is already a few days old (sic!) and b) the maximum sum of USD 20 bn has to be shared with pretty much half of Corporate America. It may well be, that they only get charity instead of real contracts, its hard to tell.
Anyway, Im in this too for the pop, but those who think that this company will book billions of new revenues because of the news, should take a long hard look at this website:
http://www.sewp.nasa.gov/sewpv/