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Tender offer! Hope the notes have decent terms and it goes through.
It seems this company is transitioning from simply letting cash sit idle and letting the business just run itself into an active growth machine with stock repurchases and the hiring of new salespeople. A very pivotal moment it seems.
Breath of fresh air here. This company is in dire need of some outsiders on the Board.
You expect them to make $5-6 million after tax?
I enjoy a fanciful delusion now and every then but I usually don't propose them in public...
So what does everybody think of the results? Underwhelming, overwhelming or as expected? Any prediction on Monday stock prices?
Where's the documentation showing the results of the outcome of the vote?
Yes, the dilution comes from vested options from a plan. But it does not state which plan.
The dilution is for over a million shares. As you quoted, I thought the dilution was for half a million.
Where can I see the results of the vote? Were you informed on the results?
Is that so? Do you mind explaining the mechanism for how the dilution worked? I don't see the humor in all honesty.
Is the dilution even legal though? Under what plan are the diluting everybody like crazy here right now?
Yes and it looks like management managed to screw shareholders out of 20% of the company with 7 million diluted shares now.
So a lot of places are apparently minimizing arrests?
https://www.kens5.com/article/news/health/coronavirus/wolff-asks-sapd-to-minimize-arrests-requiring-jail-time-amid-coronavirus-outbreak/273-4a669bf5-dc45-4977-9730-34187c92eebe
Full Philadelphia Police Commissioner’s directive here @FOX29philly pic.twitter.com/LjOIKmujcv
— Steve Keeley (@KeeleyFox29) March 18, 2020
Board's pretty quite all of a sudden. Why so serious? Impact on PCHM's business from Coronavirus? Police not going out to catch the bad guys? Less drug offenders wandering about?
Hi there,
Does anybody have this company's annual report? I'm looking into this company and would appreciate it if anybody could send me a copy of their latest AR. Email: marcfisher1965@gmail.com
Much appreciated!
$0.5 million ESOP priced at $0.6 per share. What a nice holiday present you will give management for those who plan to vote yes on the plan.
This is a $500,000 ESOP only if you think $1.00 is a fair price for the stock. Since you post here on a daily basis extolling the cheapness of this company, I doubt that's the case.
If we say the current fair value is closer to $3.00 per share, then that's an extra $1.5 million for their ESOP.
Do you really think we can't find somebody more qualified with deeper government connections who'd be happy to run this operation for a heck of a lot less?
It's very simple. Why would you give away 9% of a company to management who won't even do some PR/IR for shareholders. This is for the 2015 plan. Going forward, you want them making a habit out of taking 10% of your ownership on top of their salaries every couple of years?
If we've got managers who believe this sort of underhanded compensation schemes are fair for shareholders, then we've got a problem.
Vote on increasing the 2015 ESOP by 500,000 shares? How about hell no?
What did you glean from watching it? My guess is that some fund with PCHM as legacy holdings needed to liquidate some positions. Weintraub? Palo Alto Investors?
Then the seller is making his insider trading activities pretty obvious...
Does that actually keep track of all cases pertaining to Pharmchem or just the ones they want you to see?
BTW, how do you check court cases?
Looks like somebody is looking to sell... A lot of small selling orders aggregating. Appears to be no shortage of sellers at 0.88.
Either buyer or seller is wrong about this. Anybody have access to a shareholders list?
Why the volume today? Did they send out some filing or report of some sort?
Anybody have the updated information for this company?
How do we know that there hasn't been massive dilution since 2003 which was the date when share count was last disclosed?