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"gold price really didn't change enough to warrant this kind of downward move." DUST is an inverse 3X leveraged and tied to an index of senior miners. I have DUST and GDX on my list, and that's a pretty good indicator. GDX up a bit over 7% so at inverse 3X you end up with today's DUST performance.
"Mostly, it is bad management and selling stock like a pink sheet that keep CPST going no where." Yeah, when they did the RS and didn't reduce the AS at all. Playing the bounces, but that's if you can figure what this POS will bounce off of...LOL.
Ok, with today's action I'm beginning to expect some bs crappy news. This has more than retraced, its gone back into the toilet. Buying opportunity...LOL! (Actually might be but who knows with this POS stock?)
A short blurb off of RT Business regarding associated/flare gas.
"Russian oil producers have invested around 200 billion rubles ($3 billion) in projects related to utilization of associated petroleum gas over the past three years, according to data provided by Minister of Natural Resources Sergey Donskoy. “The level of associated petroleum gas utilization has surged by 11.6 percent since 2012,” TASS quoted Donskoy as saying on Monday. The Russian government has raised penalties for associated gas flaring and introduced a differentiated approach towards disposal of associated gas since 2013."
"In fact, if my suspicion that we've been seeing ATM action again is correct I suspect the descent may cease as last time I was sure the ATM was in use the trading occurred in the $1.4x range and quit when it dropped below that." Seems that way to me too. Last time the ATM was in use, every advance in sp was met with ATM sales until it revisited the $1.40 area. Sad that CPST seems content to throw shares out there at these levels, but we know they've also used sp spikes to arrange offerings, only to see the sp slide back to a much lower level. And the offerings themselves, to me, seem suspect given the consistent negative price action following. Seems just enriching the likes of Rodman and Renshaw at the expense of investors. Pretty pathetic.
Just speculation, but wouldn't be surprised if RL/HDY were approached by an interestd party(s) during all the bs with Tullow/Dana.
Hard to see how HDY would be able to get this through w/o already having a partner lined up given the timeline. We shall see. Someone with big $$$ I'd hope!
"The books must be in a complete disarray." What books? Problem is they ran out of napkins...LOL.
First JV well at Rio Vista field is drilled and results good enough to complete and test. More wells to come. Looking good!
Well, shorters have to be happy. EOD big takedown (and big moves down last few days) without a peep from CPST this week to give any idea as to why. Hate to say this is so typical, but it is. Early on today it seemed that CPST was going to hold up pretty well given the overall markets. So where's the late day dumping coming from and why? Guess that's the $64K question.
"Obviously, if this level doesn't hold give or take, I'm all wet."
Looking like all wet, that is if not currently shorting CPST. There are those here who have watched (for years) as CPST gave hopeful signs only to disappoint and ultimately screw common shareholders. The product is good. The management can't be trusted. Last two days were a real kick in the face...ATM active again or just something we retails aren't privy to...yet. BTW...GL.
Ugly with no real news to account for the negativity. Blew right past $1.53 and who knows where tomorrow. One of those CPST moments where "we" find out after the fact WTF is going on.
Market doesn't seem to care about the news. I don't remember exactly when they can crank up the ATM again.
Been reading quite a bit about the situation with zinc supplies. Trevali seems in a great position to profit from price moves for zinc as well as substantial silver production. Winner IMO.
Can't remember exactly when in September the ATM can come into play again. Just hope they don't feel the need to use it. Guess we'll see next 10Q what the situation is. Hard to account for the drop when others like Ballard and Fuel Cell experienced gains on Friday. Oh well, after all, it is CPST.
HHSE always uses the best...accountants, auditors, financial partners, lawyers, studios, distributors, and on and on. Don't you know...LOL!
"Delays to film releases are common in this business." Yes they are. But even more frequent are HHSE failures to deliver.
Yeah, something's going on alright. Just don't know exactly what as usual. Most of the stuff I follow is up today, as is oil and precious metals, but lo and behold CPST is down. Go figure. Anyway, a long holiday weekend to enjoy for everyone!
Yeah, but "they" already paid the $1.70 for the B warrant, so the math would indicate a combined cost of $4.25, or $2.125 on a per share basis. Too much stuff still going on to make much of a call on CPST IMO due to volatility (O&G, USD, Freaking FED, etc). Just going back to sit and watch mode. September then tax loss season...UGH.
But then, you never know what might come up in the way of some "juicy" orders. LOL, maybe DOD will decide to upgrade all their facilities with reliable and efficient CPST turbines. Now wouldn't that be nice!
Sad truth. We promote predatory financial activities and then bail out the perps. We encourage decadence through legislation and decree. Still a lot of great people with some sort of moral anchor out there, but being overwhelmed by the absolute idiocy of what our system has become. All great empires eventually fail, and ours will be no exception. About 15 years ago I told a friend and fellow investor that the sharks were feeding. He didn't understand what I was talking about. Now he does, and "they" are after the last vestiges of middle class wealth. Pension funds, 401k and equivalents, savings, and any benefits that might have been promised. Could say Nero played golf while Louisiana flooded, but I suppose that wouldn't be nice!
"I love my country more than anything but damn I really can't stand this town anymore." And you are certainly not alone in that regard. I think a majority are of the same opinion. I'd even add an exclamation point to it!
This might have something to do with both AG and FFMGF being down. Watching for now.
https://www.thestreet.com/story/13692508/1/first-majestic-silver-ag-stock-slumps-on-bearish-kerrisdale-note.html?puc=yahoo&cm_ven=YAHOO
Picked up some below $1.68 today. We'll see if that was a good idea or not.
Yeah, too much other stuff out there to figure this one out. Fed guidance (whatever that means anymore) suggesting a potential rate hike, stronger dollar, September's not the best month traditionally. Anyway, plenty to keep a lid on this for now, so maybe best case consolidation around this $1.70 level? If it holds might pick up a few more. Hard to tell as always with CPST.
"Eric and his fellow fraudsters are going to disappear." That's the most likely outcome. Seen it too many times in "pinkieland" and its especially sad because there's rarely any prosecution. When they came up with the leave of absence nonsense that's exactly what came to mind. Bozo media mogul wannabes got to "do their thing" for quite awhile, but now looks like the gig is up.
1:5 r/s. Its actually down today post split.
Hanging in there ($1.57s) thinking we'll see north of $2 out of this. Have a GTC ($2.50) in at this point. Then on September 13th there's the Rodman & Renshaw presentation. And at some point the ATM restriction comes off. Either way with CPST there's a high probability of another offering or renewed ATM action. GLTA
Looking a lot better with BPC back and getting C1000 Signature Series orders. And the new agreement for 20% of each sale is pretty sweet too!
"We'll see what happens next week." Yep, and I've gotten a bit squeamish about CPST since being burned a few times. Of course other times have done ok. Sure hope we see something north of $2 again!
Finally feeling a bit more confident with the nice close above previous resistance. And this time around the shares I picked up earlier this week are GREEN...lol!
In the current offshore drilling climate IMO its lights out for the HDYN dream offshore Guinea. Could be wrong, but HDYN doesn't have a snowball's chance in hell of obtaining financing on their own. So who out there would carry the first well if Tullow wouldn't?
Well, the $1.54 resistance held so who knows. Flattish until some spark ignited under CPST's butt? Overall markets may be more of an indicator at this point.
Despite higher NG production the oil and liquids were off 28%, and overall nowhere near where they left off at the end of 2015. Projections down the toilet.
Shoulda said wouldn't be surprised to see HHSE go dark. Seems they should have reached their "ripoff limit" by now!
Happens all the time in pinkieland. Leave of absence, if its happening, isn't to begin Mother Goose. No major star would touch a film supposedly financed by one broke company for another broke company, let alone have EP involved as a director. Gimme a break already! Sure wouldn't be surprised to see this go dark.
Haven't been many AH trades recently so this kinda stands out. Up tomorrow? We shall see!
The really sad part of these companies is that they take people's money and disappear w/o any consequences. All should be in jail IMO, but in the current environment continue to get away with it. Pathetic!
Not unusual for these pinkies to have the CEO "disappear" when the gig's up. No real enforcement at there levels so its always "caveat emptor" with these POS companies. As an aside, who in their right mind would think Shirley McClain or Samuel Jackson, or for that matter any "respectable" actor, would have anything to do with these clowns? Its all BS, that is certain!
Truly, and the 90 day "leave of absence" may just be an opportunity for EP to disappear. Who knows with these guys. Total liars IMO.
Running AH on strong report. EOM