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.
"Revenues down $1.5M from last quarter s/b $2.5MM". Yeah, another boo-boo. They really need to buy a calculator...LOL. Also of note they booked $20M in orders during the quarter, so need some improvement there to meet their EBITA goals for future revenue. And then there's the 4M ATM shares floating around that they've issued. Oh well, will just have to play along with their P&D cycle for the time being. Though it does seem with their cash on hand they could lay off the ATM for a bit and see what the sp does sans that constant drag :(
Whatever they are they're extremely irritating and, as you point out, most likely attempts to manipulate. But, the order news is very good! Six C1000s is a really nice order, even if it won't help revenues until 2017.
Just seems like some of these crazy AH trades are perhaps related to bids/asks falling off end of regular trading and some poor sucker gets caught with either a lowball bid or higher ask. I dunno, but the pattern with CPST is certainly a major detriment for this stock.
Actually, none of the others I follow are this volatile. At this point I'm thinking the ATM machine and manipulation by shorters and others playing the cycle. Only game in town with CPST at present.
Didn't take long did it. Back to the BS. These lowball AH trades just smell of manipulation by shorters. Oh well, CPST with their ATM gives them plenty of help. :(
Too true. Always so hard to tell what will happen with CPST!
"we could blow right by there". Yep, we sure did! All the way to 1.6695 and over 1M shares traded thus far today. Wow!
The news was a great boost it seems. We'll see if it holds. Not a lot of money involved in the pr but still a good move by mgt, twisted arms or not...LOL. CPST was certainly a bright spot today!
"I did a short calc after last Q report and IIRC it was 17%." We'll see what comes out in the next report, but they've had 3 months to work the ATM, and given the sp cycles I'd expect at least 25% since the split. Wonderful if I'm wrong, but as said before, I don't trust CPST (DJ) with their shareholder value BS, especially since there was no reduction in A/S. Only play here IMO is the ATM cycle. (On a side note, at least we seem to have lost both pumpers and bashers. A good sign IMO).
Thanks, and GLTY2! This current drop is the third in 2016, and its had a bottom in approx every 30 something days. We've also seen about 25% dilution since the split, likely higher. CPST sure as heck doesn't want to go back to the below $1 crap again so they are "careful" with the ATM. IMO w/o the ATM we'd see over $2 but as long as they keep hitting it when the sp gets to about $1.50, no way I'd expect to see 2 bucks. Meantime we have a chance to pick up 20%-25% off the "ATM" bottoms. The target price keeps being lowered also, probably to reflect dilution:( Just gotta hope the 4th qtr shows some improvement despite an otherwise awful year!
Picked up some $1.22 shares today to try and play the ATM cycle. We'll see how that plan goes. JMHO but the ATM cycle has become pretty well established, and, as you've said, seems to trigger when the sp gets above the $1.40 range. Since we've already seen about 25% dilution it will be interesting to see official figures next 10Q. I don't trust CPST at this point for any longer investment timeframe.
Shorts leaving and giving thanks to the ATM! One of these days maybe we can be free of both. Wishful thinking I suppose, but that would be nice. Meanwhile playing the pump and dump cycle.
"so maybe I'll get lucky." Good luck with it Wild-bill. I really hate these occasions when CPST closes last minute trades at LOD :(
Only play here seems to be the pump-and-dump ATM cycle. Nothing else to recommend doing anything else :(
Up a dime with volume. Nice day. BPC news might just be giving this
some legs. We shall see.
Yep, and its a real good sign that BPC is back in the game and also in Mexico.
Yep. Any manipulation would be through CPST's ATM sales venue. We can thank CPST management for their outstanding concern for shareholder value...not!
Nice! Down almost 20% from the peak at 11/30/15 report. Now please lay off the ATM CPST!
Excellent progress at Caribou. Nearing mill capacity with improved recoveries. http://www.trevali.com/i/pdf/TV-NR-16-02-Feb-24-2016.pdf
"Interesting day so far." To say the least! Was looking dismal @ $1.06 then wham with 59.1k taking it to $1.20. Wow!
Well said. Too many negative events following the Sabu-1 disaster. Its been pretty plain for over a year now that Tullow/Dana didn't want to drill and have taken every opportunity to avoid doing so. The saddest part to me as well is that the people of Guinea, who may have benefited greatly from this concession, have seen that potential pushed yet again further into the future.
Go figure. EOD up to $1.26 on a 5k+ share trade. Paint or? At least it wasn't a dump into low of the day for a change. W/O all the shenanigans (including ATM action) CPST might want to revisit the $2-3 range. Looking at FCEL, which did a R/S, has constant losses, and really little possibility of earnings anytime soon (sound familiar?), the sp decline hasn't been nearly as severe as CPST's. Difference I suppose might be the ATM CPST has going and shorting along for the rides lower. Just makes CPST look really pinkie at this point in time. I guess as long as they can maintain the >$1 sp and keep their precious Nasdaq listing its all "peachy-keen" with CPST management. Hard to trust a 1:20 R/S and no reduction in A/S.
Here go again. Big drop EOD trade. A little pencil work on the remaining ATM at these share prices say over the next 2 years has CPST needing to ATM 25k-30k shares a day. Not a good recipe for any sustained rally. Quite frankly they seem to be selling into any advance. We shall see next report but I definitely don't trust DJ's concern for common shareholders. What a joke!
"If that happens it eases one of our headwinds." And then to top it all off it's an election year with POTUS on the line!
Thinking about the same with price action. IMO retails will provide some strength and sp would rise (considerably) if not for the ATM (as we suspect has/is happening) which gives rise to renewed shorting. I suspect that if CPST lays off the ATM, we could see (despite current overall market weakness) an sp of >$2 fairly quickly as that only equates to $.10 pre-split shares, and possibly back to the $4 level. All just my WAG of course. So many if's out there, many of which are external to whatever CPST does.
Yep. We shall see. Delays and more delays do not work in HDYN's favor. Arbitrator says whatever and then there's more lawsuits and foot dragging. ROG says enough is enough. And even if HDYN got a judgement for cash compensation, its still a one-trick-pony with no other current prospects. Who knows. I sure hope they can resolve the relevant issues and get the freaking well drilled!
Agreed. Tullow and Dana have no real incentive to drill in the current environment, capex constraints, and cash-flow concerns. HDYN still has it's back against the wall and, unlike Tullow and Dana, cannot afford to lose/write off the concession. It appears the potentially much lower drilling costs are not enough to outweigh other considerations. And Dana has already taken a hit from the Sabu-1 fiasco. Big mess it is!
Markets down but still CPST stinky EOD action both Friday and today. Smells of manipulation and retails getting screwed yet again. Shorts, ATM or both? Too dicey to swim in these waters IMO.
"Other possibilities occur to me." So many variables Friday including overall crappy markets and especially the NASDAQ. Also late day dumps...stops taken out as a possible addition to what you mentioned? We'll see how markets behave going into next week and comparison for CPST to give a better read...perhaps. Anyway, I don't really trust the DJ bit in the conference call about not wanting to dilute shareholders in the current sp environment, since they've already upped the OS by 17% (or more by now). Actually, I don't particularly trust DJ in that regard period. JMHO
Agreed. I was pleased with the overall presentation and efforts moving forward. Major cost-saving initiatives that "coulda-shoulda-woulda" got CPST to positive EBITDA some time ago. Better late than never I suppose.
The transcript made a good read, and I was impressed by a couple of things in particular. My favorite is:
"In addition, management voluntarily forfeited any invested stock options and we have suspended executive bonuses, executive equity and executive merit increase programs until we further strengthen the balance sheet and reach our stated goal of EBITDA breakeven."
(All I can say about that is Its About Time!)
And then later during the Q&A: "Obviously you know right now the stock market is not for the faint of heart. Doing IPOs and follow-ons is very challenging and so any additional equity in a traditional sense would be very painful for us and for our shareholders."
(But of course they've already done the painful to shareholders thing
big time!)
Guess we'll see tomorrow what their report has to say. Anyway, last 30 days there's been a couple of moves into the $1.40's. Both have been squashed by shorts, ATM sales, probably both. I hope the report isn't awful but not holding my breath at this point. Rather wishing I had bailed in the $1.40's at this point.
Yes it was! Been in this for a few months and like what I see.
It would be interesting to know if any sales have been facilitated by the financial JV previously announced. Also, since the EXIM bank re-authorization in December, I wonder if that might provide some support for sales? Of course, the Russian distributor continues to be a total write off. Maybe some chance in future to recoup some of those lost revenues? Anything would help in this current environment where even Caterpillar is struggling.
Seeing the court-case developments/withdrawal as a positive. Suspect we shall get further updates soon??? Late-day market action seemed to support something positive, but perhaps just bets being placed on potential news. We shall see.
"that addresses no fundamental concerns". That's the gist of it. There can be no real rally for CPST until fundamentals improve, and as we've noted, there's no reason to expect that that's the case. Short-term trades may be appropriate here, but been trapped too often by stocks like CPST. Meanwhile the pressure will continue IMO from ATM, shorting, fundamentals, overall markets, price of O&G, and AR issues (hope those are behind them but who knows). All headwinds to any significant improvement in sp.
"Welcome, but maybe misleading, support for today?" Overall good day with markets and oil higher. Hard to know what motivations are behind The Street/Cramer. Real deal or pump to short??? We'll see if this "trend" higher has any legs soon enough.
All way too true. The fact that they have to use the ATM arrangement and didn't reduce the AS with the RS put them firmly in pinkieland even though they saved (for now at least) their precious NASDAQ listing. Not a stock for the faint-of-heart!
Certainly Friday's action was a combination of generally strong upward moves in oil and overall markets. Will indeed be interesting to see how this all plays out, but like you have said, no confidence unless and until a sustainable trend develops. That said, unless CPST is indeed on the verge of BK, their market cap given the product potential is absurdly low. JMHO
"Still have my thus-far ill-fated $1.17 trading blocks." Nice pop today for whatever reason (markets rebounding, no ATM sales?) since follow on order wasn't that significant. Anyway, looks like those $1.17 are now worth a few more steak dinners!
"If HDY Tullow and Dana have resolved their differences and have resumed petroleum operations this could be released in the call."
Wouldn't that be nice! Lots of possible topics for the call. Anything of broad material consequence I would think should be pr'ed and on EDGAR. We shall see how this all plays out.