Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
So, this is interesting. This guy has been doing ONE reportable trade a year - converting "toxic" financing into common shares representing just under 10% of a company's shares and then cashing out at a hefty multiple each time ...
https://www.sec.gov/cgi-bin/browse-edgar?CIK=0001693154&action=getcompany
What do you think is going on THERE!
Well, why ownership, why now, and why 10%?
Why are these guys suddenly buying 10% of the shares?
https://www.sec.gov/Archives/edgar/data/1505497/000107878219000952/13g122619_sc13g.htm
So, it seems we have a binary event on the horizon:
Judge rules in favor of DSS.
Judge rules against DSS.
In the first instance, share price will likely get a bump.
In the second instance, share price will likely take a hit.
What to do?
Sounds like we need to come up with more and better and more profitable uses for natural gas. This may sound ignorant or naive, but why aren't electric utilities run on natural gas as cheap and plentiful as it is?
So, you think Chan's going to have to do SOMETHING to get the price above 50 cents. Any chance of him selling the company before the lawsuit comes to a close one way or another?
I believe you. Still, I think if someone with deep pockets, like a renegade herd of IP lawyers who could see how the lawsuit will most likely play out, wanted to take it to Chan, they wouldn't go bankrupt initiating the process at these levels.
I'm showing a .30 cent spread today. Where is all the liquidity?
Around 8MM traded since October under .35
A good trader in stealth mode could easily gather a ton of cheap shares.
Start the morning selling a little to drive the price down; spend the rest of the day buying them back. Rinse and repeat.
At the current price, someone with $5MM could stealth buy up 51% of the shares and throw Chan out. I don't know why Chan doesn't do it himself.
Wait until Yuenling Ice Cream shows up in Rite Aid stores and then watch the stock price soar ... https://finance.yahoo.com/m/0df26c41-1ef3-3acc-a042-3701be1d2808/rite-aid-says-ice-cream.html?siteid=yhoof2&yptr=yahoo
I see where Feigenbaum and friends withdrew their board candidates, but I don't see where they sold their shares. They paid a LOT of money for those shares ...
"Athwal used approximately $3,450,000 (including brokerage commissions) in the aggregate to purchase 814,122 shares of Common Stock reported in this Schedule 13D. The vested warrants for 26,667 shares of Common Stock were issued to Athwal through a private placement in 2017 by the Issuer. Susan Athwal, the spouse of Athwal, used approximately $772,828 (including brokerage commissions) in the aggregate to purchase 264,277 shares of Common Stock beneficially owned by Athwal and reported in this Schedule 13D. Mirman used approximately $1,681,022 (including brokerage commissions) in the aggregate to purchase 628,158 shares of Common Stock reported in this Schedule 13D."
Once the new year begins it will be interesting to see if Feigenbaum and friends gather some more friends to join them in their activist position.
He and his pals are SERIOUSLY underwater to the tune of millions. At the current price, it wouldn't take much to round up some serious share amounts for a big player(s).
Legitimate concerns, for sure. Lack of transparency always raises red flags for me. What do you suspect the purpose of the $650K was for and why be opaque about it?
I continue to wonder how Chan is going to make money with his .30 shares and his .50 shares if the DSS share price never goes higher than those prices.
Any ideas?
Sounds like you're not fully believing the "continued confidence" hype ...
“Mr. Chan’s purchase of the entire 6,000,000 share private placement at above market rates clearly represents his continued confidence and commitment to the long-term success of DSS,” said Frank D. Heuszel, CEO of DSS. “As the company’s largest shareholder, Chairman of the DSS Board and Chief Executive Officer of the Company’s subsidiaries – DSS International Inc., DSS Asia Limited and DSS Cyber Security Pte Ltd., Mr. Chan continues to demonstrate his leadership and belief in DSS’ ongoing turnaround and future success. Today’s private placement is further validation of that commitment, management’s vision and our broad execution strategies to improve profitability and grow shareholder value. Mr. Chan believes DSS is positioned to become a ‘unicorn’ in its industry, and we fully support his leadership and vision.”
If we're assessing the amount of people who know what's going on with DSS by the price action, I'm not sure that's a good metric during this time of the year. I suspect more people than we might think might know what's going on, and also know that nothing of consequence is imminent. There's an opportunity cost having money here if nothing is soon to pop. I'll be adding to my position as the daily volume begins to increase, most likely after the first of the year.
From the material that has just been posted in the last ten posts or so, I'm guessing this board is digging up relevant information that Chan and his legal team know backwards and forwards and inside and out.
As to the question of whether the $350K a month in legal fees will yield $10MM or $100MM plus, what would I do if I knew the answer? From my perspective, DSS is worth the current .29 cents without the lawsuit. Downside is pretty close to zero. The simple little powderpuff PR on November 18 spiked it to .40 cents. I could have unloaded all my shares there. I suspect there will at least be similar opportunities going forward, no?
Looking for a little price recovery in the oil patch in the new year. Adding to my PED before 2020 begins.
So, out of favor stocks that have little sponsorship are frequently where surprising value lies. Once they get discovered, then chasers often run the price up higher than a reasonable person might expect. I love these kinds of plays. They perfectly fit The Taleb Directive, as far as I'm concerned:
https://www.slideshare.net/sigmundjung/the-taleb-directive
You and Chan's buying make a good case for that possibility. Or some other catalytic possibility. We're a penny away from the 52 week low. Is the company really worth that little?
I was surprised to see no mention of it either. At some point it will come to light, I'm guessing. Does this present an opportunity to add more shares cheap?
What are the odds that Chan heard whispers?
Looks like the market might be expecting a ruling...
May the Rebel Alliance prevail, just like in the movies.
Walmart's carrying 24 flavors ...
https://www.walmart.com/search/?query=yuenling%20ice%20cream
They could have just sold those share to Kukes directly!
What's your concern here, exactly, sir?
A possible "take-under"?
I don't think Kukes would want that kind of attention,
either from the world, Wall Street or the SEC.
But I could be wrong.
My current concern is that if Kukes is buying,
how long must he wait until he orchestrates something
material - like selling the company - without drawing
insider trading scrutiny? Do you know how long the
time lag has to be?
What constitutes a Quiet Period?
When do they begin and when do they end?
Here's Everett ready to take over the $7BN smokeless tobacco market 4 years ago ...
I'm guessing this correlation is not news in the least to Kukes. Seems like he's operating with this bullish perspective clearly in mind.
Kukes must like his own plans for this company!
You'll probably be able to make a break for it as the year comes to an end and tax loss selling gets done.
Definitely food for thought. How much is a DSS without a $4MM debt load really worth?
I'm guessing Chan didn't become as wealthy as he is by caring very much who did and who didn't have confidence in him. He clearly has enough confidence in himself that he's willing to put significant money where his strategy going forward is.
When I look at the chart, buying and selling has seen little conviction - mostly low volume on down and up days. The market seems to simply be waiting to see what's going to happen while taking it back to the 52 week low. I expect we might even make a new low before year end the way the algos operate. I'm willing to keep adding here and there as it does.
Regardless of the outcome of the APPL trial, Chan doesn't need the money. And he didn't need to acquire the shares he did in DSS. My assumption has to be he bought them at least having SOME idea of how they're one day going to be worth more than he paid for them. That's my investing thesis and I'm sticking to it.
If other people are doing what I'm doing, that would probably explain the weird numbers that show up. What I'm doing is keeping my "Watch List" in my active trading account by buying 1, 5, 10 shares, since it's cost free to do that. It makes it really easy to see when I've taken a 20% loss on a stock I'm considering buying, at which point I go back in and re-assess what I liked about the ticker originally. It's also really easy to see when I have a 20% gain and lament, "I should have gone whole hog!"
How about taking one for the team, Stock Guy?
I just find these connections interesting. Even though I don't have the time or resources to "follow the money," more often than not, that's precisely what's at play most everywhere.
Have you noticed that a director and the president hail from a company called, "American Resources?" Pretty deliberately vanilla-sounding to my conspiracy mind.
Maybe Ukraine wants to buy a little American oil company?
If Kukes wants to buy a different little American oil company in the Permian Basin, it looks like LLEX is for sale cheap!
https://finance.yahoo.com/news/edited-transcript-llex-earnings-conference-172252951.html
Here's an article where both CEOs names show up (Kukes and Daches) ... https://www.ogj.com/general-interest/companies/article/17240219/putin-seizes-yukos-shares-yukos-names-new-ceo
My sense is that with more and more of the politics of the country focused on all nefarious things Russian, Kukes will want to continue to fly under the radar as much as possible. Especially when so much of the behind the scenes political work was intended to try to spring the half trillion dollar oil deal out of sanctions jail.
If the price of oil goes up, PEDs profits go up. If the profits go up, I will expect the share price to follow.