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Same old deal. NO NEWS. The reason their is NO news is a) company almost dead b) very determined to say nothing due to previous SEC violations until Sept 30. c) They have either GOOD or BAD news. If it is factual, they can come clean and at least let stockholders know without creating a "SEC suspicion", but Company elects not to say anything..HORSESHIT.
Thanks for the honesty. Refreshing.
Airman...NO REGULATORY QUIET PERIOD FOR THIS CO. PERIOD. Check for yourself or call company.
Wouldn't these boards be great for all if we did not have irresponsible false info broadcast as if true.
Personally, I feel that they have so many balls in the air and likely few if any have yet been monetized. Just to integrate new hires into system is challenging.
Reading on their co. site I was impressed at how they can customize their coatings to a specific specification at customers request. This can be done IN 24 HOURS!! Their software is likely light years ahead of competitors.
Yes, it is damn frustrating to await for guidance.
For peat sakes Howard...do you have even 1 valid source for making a possible libelous statement like that??
AGREED, Except for one minor item. PRED does not share info. until time runs out on last reporting day of Quarter and only what is legally necessary, Also, if they had good news Pred may find a way to communicate to us. Thus our effort spent in doing DD likely unrewarded especially in light of "news".
I really do find it ( hard to find the right word), that were are all screaming about the caveat and pinks for about a year, stock at .25-.30 cents, and no hope.
Now off caveat and pinks to mediocre OTC for several months...now where is the indignation at .16 cents!!!!!
DOES ANYONE KNOW ANYTHING POSITIVE GOING ON THAT WE CAN TAKE TO THE BANK? ANYTHING??
Sounds realistic.
VA---the dividend being paid has no connection to any MMAT catalysts in the works that could be announced hopefully in August. Dividend value is determined upon what (TRCH) and its overseers can do with oil and gas assets and hopefully includes the $250M stock sale. TRCH has tried to sell O/G before but Covid and loud screech from the Left's Green Deal tempered desire to invest in new assets.
Thanks Ghost. Tired of doing research on everything you say. I know you are very smart and obviously very clever and cool but could you please put out your comments in plain ole English for us dumb folks on this board?
PLEASE CLARIFY ...t-21 squeeze????
We are going lower...but it won't be long. nibble away now.
Cervalo--Have serious concerns about receiving pro-rata share of any oil/gas monetization. Also same for $250M stock sale. Not transparent. Expect BIG HEIST. Too easy for folks to slide off to their personal benefit. They have up to 6 months to do what they do. The idea of a spinoff of assets they can't sell is ludicrous. Are we waiting for a dividend of a worthless spinoff???
Thoughts??
Anyone bombarding the Board about this crap? IR does not respond to inquiries. Perhaps file complaint to SEC, NASD.
ANY THOUGHTS???
BRIAN--In English, do you mean Shorts won???
Cervelo--If these guys think that they are not accountable for the entire $250M, think again, think serious jail time.
HOWARD...no value stated or delivered until O/G assets disposed. They have until year end to deliver. OR they can spin assets into new company and we receive pro-rata share. Also we are supposed to get pro-rata share of $250M they received for sale of additional previously approved shares. THIS LOOSE CASH WORRIES ME MOST...FUNNY STUFF CAN HAPPEN.
Great Prose Thump. Yes got my Preferred. No value until oil and gas monies go in..unless they spin off these assets into a new co.
Let's DEMAND Thump... that the $250M they got for selling extra alloted shares go to us as shareholders on a pro rata basis. DEMAND or SEC probe.
When is "upcoming PR"? Anyone thank You.
George's comments on Tuesday are all very promising. But without earnings, the only thing that will make this puppy pop is a BLOCKBUSTER news item, like a big relationship with Tesla. This may be a long wait.
If indeed George is a scoundral and thief ala Madoff the sooner the better he is exposed and goes to the slammer. Hoping it's not the case.
Please clearly clarify this comment.
Good diligent study. Regarding IR not hitting us with info.- I know it is terrible corp. governance but these guys are really snake-bit way beyond reason. I do not see anything nefarious for not being forthcoming.
Big Buy just now. .52 cents...Go Pred
Yes agreed, management used us to the tune of $250M. Will we ever see this in our "Preferred package?". Talk of using money to spin into new company???? and giving shares in this new entity.
Never any TRANSPARENCY.
Agreed the brokers-agencies etc. do the heavy lifting here. It is the companies MMAT and TRCH who are responsible for conveying the pertinent data to above. This did not GO SEAMLESSLY. Both parties are involved and you can affix these delays to either or both.
We need to move on and MMAT needs to move Northward now.
Look, All of this back room business should have been done already. Announced dates of completion of various corp events have never been adhered to. I am long time suffering Long and unless I have been lied to I will stay so.
Lack of transparency and a malignant attitude of management considering all of us common shareholders as "useful idiots" stings a lot.
So right Prospector. Someone needs to list these questions and directly ask the Investor Relations person for an on the record answer.
$250 Million raised by selling off remaining allowable SEC permitted shares remaining unused. This is still a company asset and hopefully will be credited to TRCH holders of Preferred on a pro-rated basis. Maybe some disappear??? Who knows who is keeping track and accountability. This is our asset.
Here is how I see it..not Mr. Know it All.
1. TRCH shares cut in half.
2. Theoretically value SAME after split.
3. Split came later than announced.
4. TRCH 4.90 prior to split. On books at 9.80 after split...BUT market scoundrals drove down to mid-7s immediately>>Instant loss.
5. Preferred shares never arrived on announced date...even days late NADA. Not saying it will not show.
6. ALL Anouncement dates were misrepresented despite companies/agents having adequate time to accomplish.
7. Pref. Shares should include prior to 12/31/2021 on a pro-rata basis all oil and gas asset sale receipts except "holdbacks"..plus $250Million of sold shares previously approved by SEC. Plus other unannounced assets.
Company has no debts.
8. All above should be a go if TRCH board HONEST. If not HONEST both us and they will have big problems.
9. Don't believe TRCH is currently in any negotiations for sale. Just holding on to cushy $250M.
PLEASE COMMENTS WELCOME
Yes you are..sorry.
You do not get 19.50. YOu get the 9.50 x half the original shares. Either way you theoretically get same value at half the # of shares.
I will help also
Sorry Brooklyn. followed your instructions and got lost at the "nscc" designation. How can any sane human being find this type of obscure data?? Congrats. Please can you simply summarize?? Appreciate.
Let's all submit your appeal to company IR director.
Marty,
Are you aware of ANY money making project in tact now and any projects slated for monetization in next 60days??
Marty, where do you see anything in Atrin release mentioning Pred???
This was the initial announcement in 2019. Where is any mention on TF or Pred sites of a business relationship??
PRED website is apparently undergoing revisions. a lot of what they had is now stale. Recently viewed site and I did not see any mention of Thermo-Fisher. Let's watch for anything positive. Pattern of no updates appears to be the modus operandi.
Hard to believe there has not been an incestious and self serving relationship amongst this "highly" touted management team. Truly sorry to say that.
Can't take this BS. The company simply has NOT PERFORMED PERIOD. Sure they have some good eggs and some bad ones running the show.
The friggin good eggs need to STEP UP and make the changes needed to finally lift this company so we don't wake every day and see it scraping the ground at .20cents for 3 years now. ENOUGH.
RIGHT ON 100%.
Appears that everyone has abandoned this site and Pred. Anybody HOME?