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Could be a conspiracy..
News leak..News leak..
From this week's Barron's..pg M7..
OrbiMed Advisors lowered its position in the biopharmaceutical company to 6,943,654 shares. Without citing a reason, OrbiMed sold 1,109,644 Corvus Pharmaceuticals shares on Sept. 20 at prices ranging from $6.01 to $6.09 per share. After the sale, OrbiMed now owns 16.4% of Corvus Pharmaceuticals’ tradable stock. Shares have rallied in recent days, and OrbiMed was selling at prices that were more than twice the previous week’s trading level.
Corvus Pharmaceuticals Provides Updates on Mupadolimab (Anti-CD73) Programs in Oncology and Infectious Disease..
Tang Capital Partners Lp Reports 8.8% Passive Stake In Corvus Pharmaceuticals Inc..
"CRVS (NASDAQ:CRVS), we notice a call option trade that happens to be bullish, expiring in 59 day(s) on November 19, 2021. This event was a transfer of 200 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $29.0K, with a price of $145.0 per contract. There were 743 open contracts at this strike prior to today, and today 694 contract(s) were bought and sold."..
AZN..Results from the large, randomized COAST Phase II trial showed oleclumab, an anti-CD73 monoclonal antibody, or monalizumab, an anti-NKG2A monoclonal antibody, in combination with IMFINZI® (durvalumab) improved progression-free survival (PFS) and objective response rate (ORR) compared to IMFINZI alone in patients with unresectable, Stage III non-small cell lung cancer (NSCLC) who had not progressed after concurrent chemoradiation therapy (CRT).
May have to do with Triple Witching??..
SEC filing..Stock options..right to buy..from 9-13..no news yesterday or today..
Other Longs may be here because they are holding the bag. That's a trading mistake and not to be blamed on CPST..
Oh really Captain..trading mistake..lol..so us longs are holding the bag..and for you Capstone is just a trading stock..so who is to blame for Capstone trading near a buck again..seems it's clearly the company's fundamentals..
How the heck is that possible? Borrowing? Debt?..
Unlike many sub $5 stocks that are up to their eyeballs in debt..Capstone's long term debt is quite manageable..around 12M..not bad for a company that has been around since 1988..
However..Capstone has an accumulated deficit of 764M..that is..764 million dollars lost/spent that was invested in the company by institutional and retail investors..that includes a few million of government grants(from taxpayers..us again)
In the last 6 months 10 Million was added to that deficit..
Additional paid in capital..(Value received from shareholders in common stock-related transactions)..is nearing 800 Million..
Not exactly chump change..but in a buyout or merger situation..the deficit would be the mother of all tax deductions..
Let's hope we turn the profitably corner in Q4..Capstone longs should give thanks to the oil and gas industry..and hope that predictions about 2014 being a boom year for oil and gas materialize..
See..11/7/2013..10Q..Interactive data..Financial Statements..CONDENSED CONSOLIDATED BALANCE SHEETS..bottom of page..
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=cpst&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
Today's Short Interest..
28% of total volume..
http://shortanalytics.com/getshortchart.php?tsymbol=cpst
You will get the 'lunch money'..
The days of flipping Capstone for lunch money are nearing an end..Capstone is no longer a "story stock"..sales pr's are interesting..but no longer have an effect on stock price..and with over 300M shares out..penny flippers are finding greener pastures..Capstone needs that mother of all orders..or fade into the sunset with a buy out..no more..Could of, Should of, Would of..
I don't remember anytime that Jamison said..
We talked about this on February 3, 2012..when 100M in mixed securities were registered..(the January warrants were exercised)
DJ.."Under management's current operating plan, we currently see no need to raise additional capital, assuming the January $1.17 warrants are exercised or induced prior to reaching EBITDA breakeven." November 10, 2011
http://seekingalpha.com/article/306835-capstone-turbine-s-ceo-discusses-q2-2012-results-earnings-call-transcript?all=false&find=warrants
Government loses $139M on loan to electric car maker..
A Fisker Karma is seen during the Los Angeles Auto show Nov. 29, 2012, in Los Angeles, California. The Obama administration says it lost $139 million on a loan to the troubled electric car maker.
The Obama administration said Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy.
Hybrid Technology LLC, the California car maker's new owner, said it plans to keep Fisker operating after it emerges from bankruptcy.
The $139 million loss is the largest in the Obama administration's green energy loan program since the 2011 failure of solar panel maker Solyndra. The government lost $528 million in the Solyndra collapse, triggering sharp Republican criticism of the loan program and President Barack Obama's investments in green energy.
The Energy Department awarded Fisker a half-billion-dollar loan guarantee in 2009, but suspended it in 2011, after Fisker failed to meet a series of benchmarks. Fisker had received $192 million before the loan was frozen.
The Energy Department said it had recovered about $28 million before selling the remainder of the loan to Hybrid on Friday for $25 million. Hybrid is owned by Hong Kong billionaire Richard Li.
The department's actions, along with the sale, mean the Energy Department has protected nearly three-quarters of its original commitment to Fisker, Energy spokesman Bill Gibbons said Friday.
"While this result is not what anyone hoped, the ($139 million loss) represents less than 2 percent of our advanced vehicle loans, and less than one-half of 1 percent of our overall loan program portfolio" of more than $30 billion, Gibbons said.
Rep. Marsha Blackburn, R-Tenn., vice chair of the House Energy and Commerce Committee, called that small solace.
"Once again, American taxpayers are losing out to foreign investors due to the Obama administration's failed green energy policies," Blackburn said. "Time after time this administration has fumbled the ball with their attempts to pick winners and losers when it comes to American energy."
In September, the Energy Department lost about $42 million on a loan to a shuttered Michigan company that made vans for the disabled. Vehicle Production Group, or VPG, suspended operations in February and laid off 100 workers. The company has said it plans to continue production of the wheelchair-accessible vans, which are powered by natural gas, at its Indiana plant.
A spokeswoman for Hybrid Technology said Fisker's new owners are committed to ensuring that the car company, which makes the $100,000 Karma plug-in sedan, continues to design and manufacture electric cars.
"We will work to realize the full potential these fantastic cars offer in helping to remake the auto industry for the 21st century," Caroline Langdale, a spokeswoman for Hybrid, said in a statement.
Langdale declined to say where the company will make its cars, but the Energy Department said Hybrid has committed to moving manufacturing of the Karma from Finland to the U.S., with engineering and design remaining in California.
Blackburn said Fisker is an example of what she called the Obama administration's misguided policies. The loan guarantee program "is quickly becoming a highly utilized stimulus program for foreign investors," she said.
http://www.nbcnews.com/business/government-loses-139m-loan-electric-car-maker-2D11644165
S&P 500 closing above 1,800 for the first time ever..
NEW YORK (Reuters) - Stocks rose on Friday, with healthcare stocks leading the way higher and the S&P 500 closing above 1,800 for the first time ever.
The Dow Jones industrial average (^DJI) rose 54.78 points, or 0.34 percent, to end unofficially at 16,064.77. The Standard & Poor's 500 Index (^GSPC) gained 8.91 points, or 0.50 percent, to finish unofficially at 1,804.76. The Nasdaq Composite Index (^IXIC) climbed 22.50 points, or 0.57 percent, to close unofficially at 3,991.65.
For the week, the Dow rose 0.6 percent, the S&P 500 gained 0.3 percent, and the Nasdaq edged up 0.1 percent. It was the seventh straight week of gains for both the Dow and the S&P 500.
Capstone down 6.5% this week..
Chatsworth to Irvine is 72 miles..
Well..I guess I thought the two companies (Flex & Capstone) were located closer to each other..like beer store close..
The recent FlexEnergy order was the mother of all orders the Capstone faithful go to bed dreaming about..talk about a sucker punch..DJ's making it difficult to keep the faith..
Tax harvest time is near..lets not forget the 61 day rule..30 days before and 30 days after the sale to avoid a disallowed loss..
I just emailed Investor Relations with an inquiry..
FlexEnergy is a Irvine, CA company..not sure how close this is to Chatsworth (the Captain would know)..but I think they know each other well..in 2009 Flex had only 8 employees..
Oct 2011.."FlexEnergy Inc., a local clean energy firm, has opened new headquarters in Irvine. The company boasts it is one of the fastest growing clean energy firms in Southern California - having expanded from approximately 20 to over 130 employees in the last year."
my memory is not as good as it used to be but I think around that time I read a Capstone employee left to join Flex..In 2010 Flex acquired Ingersoll Rand's energy systems business with the help of a private investment firm..so it's a privately held company..that's why we don't hear much of their accomplishments..until now..
http://www.ocmetro.com/t-flexenergy_new_headquarters_irvine10122011.aspx
I didn't realize these guys were out there..
The article from June seems to imply they were taking bids from US companies at that time..
About..Distributed Generating Company..
Distributed Generating Company, LLC of Samara, Russia (“DGC LLC”) announced today that it selected Broad Street Capital Group as its exclusive financing advisor for the development of a state-of-the-art distributed power generation utility in the Russian Federation. The proposed $220 million project will launch in July with financing being arranged through owner's equity, U.S. Ex-Im Bank and commercial banks.
New York, NY, June 25, 2013 --(PR.com)-- Distributed Generating Company, LLC Selects Broad Street Capital Group to Advise on $220 million Distributed Energy Generation Utility Project Planned for Russian Federation.
Distributed Generating Company, LLC of Samara, Russia (“DGC LLC”) announced today that it selected Broad Street Capital Group as its exclusive financing advisor for the development of a state-of-the-art distributed power generation utility in the Russian Federation. The proposed $220 million project will launch in July with support of Eurostar Developments LTD. and financing that is being arranged in two phases through a combination of owner’s equity, senior bank loans and guarantees from the Export Import Bank of the United States (U.S. Ex-Im Bank).
"We are delighted to serve as the financing advisor for this cutting-edge project,” stated Alexander M. Gordin, Managing Director of Broad Street Capital Group. “With the explosion of energy consumption in Russia, accompanied by steep price increases per megawatt/hour, many industrial facilities experience significant demand for cost effective, off-the-grid clean energy generation solutions.”
“We aim to serve those mid-size industrial clients throughout the Russian Federation, who are interested in a reliable, low-cost clean energy supply to their facilities. Our clients will commit to long-term power purchase agreements and will in turn receive better service, lower pricing and greater control over their energy needs. DGC LLC will utilize US produced micro-turbines as its building blocks and will be the largest distributed energy utility in Russia,” said Viacheslav Sheianov, DGC’s Owner and Chairman of the Board of Directors.
“This project will utilize innovative financing structures and will showcase the latest technological advances in distributed energy generation. It will create hundreds of jobs and provide yet another superb opportunity for U.S. cooperation with the Russian companies,” Gordin added.
About Distributed Generating Company, LLC.
DGC, LLC is an emerging power generation company based in a special economic zone near Samara, Russia. At the helm of the company is an experienced, highly-reputable team led by Dr. Viacheslav Sheianov, a well known businessman and banker with extensive track record of developing and financing large, high-profile domestic and international ventures. DGC’s focus is on serving well-capitalized midsize industrial production companies that have significant energy consumption needs.
About Broad Street Capital Group
Based in the heart of New York City’s financial district, Broad Street Capital Group is an international private merchant bank with extensive experience in developing and financing projects in emerging markets. The firm works closely with all trade and development agencies of the U.S. Government and has been involved in several high profile cross-border transactions in energy, IT/telecom, aerospace, healthcare, hospitality and franchising sectors. Founded in 1996, the firm has successfully served a broad array of private and state owned clients in multiple countries. For more information, please visit www.broadstreetcap.com.
http://www.pr.com/press-release/498400
FlexEnergy, Distributed Generating Co. Ink $400 Million Deal..
FlexEnergy provides reliable turbine generators to power the Remote Oilfield Environment. With its broad fuel flexibility, industry-leading emissions footprint, and hardened durable design the Flex Turbine™ solves real world energy challenges that come with the exploration and production of oil and gas. Its versatility also provides value to industries seeking energy savings and environmental value in Combined Heat & Power Generation, Landfill Gas and Digester Gas applications.
http://www.flexenergy.com/index.html
DGC agreed to pay FlexEnergy nearly half a billion for a whopping 200 megawatts of microturbine generating capacity over the next three years..
Someone needs to send this to DJ..
FlexEnergy, Distributed Generating Co. Ink $400 Million Deal
11/15/2013 @ 8:03AM
FlexEnergyDistributed energy is about to leap from the puddle into the pond.
If – or, when – it does, you may want to thank a little manufacturing company based in Portsmouth, NH for bringing distributed energy from the margins into the mainstream market.
Flex Energy, a microturbine manufacturer spun off from the industrial equipment conglomerate Ingersoll Rand, landed a landmark sales deal today with a venture-backed investment group based in Russia, the Distributed Generating Company (DGC).
Based in the Russia’s industrial Samara region, DGC agreed to pay FlexEnergy nearly half a billion for a whopping 200 megawatts of microturbine generating capacity over the next three years.
The first delivery of microturbines is scheduled to take place in January.
Established in 2012 by a Russian venture fund, DGC is focused on filling a growing demand for distributed power solutions for small to medium sized enterprises.
“The basic plan is to use the microturbines as a platform for developing a set of standardized solutions for quick deployment, and offer customers long-term, predictable contracts, for on-site power generation, with no grid connection fees,” said Dennis Shomko, the President of DGC, during an international project finance conference held today in New York City by Broad Street Capital.
The cost of connecting to the electric grid in Russia can be astronomical.
“As a rule of a thumb, grid connection fees are about $1 million per megawatt,” said Shomko. “That is steep, by all standards. What is more, the process is extremely bureaucratic, there are waiting lists, brown envelopes, restrictions – and no other options.”
Shomko said that lack of access to affordable, reliable power supplies has hampered the growth of small, entrepreneurial enterprises in Russia.
The solution: natural gas-fired onsite power solutions.
“A large number of enterprises are already connected to the gas mains, and, overall, the situation with new connections to the mains is a no-brainer: it is relatively cheap and quick, and does not require expensive downstream infrastructure,” said Shomko.
http://www.forbes.com/sites/williampentland/2013/11/15/flexenergy-distributed-generating-co-ink-400-million-deal/?partner=yahootix
Capstone Turbine Corporation Institutional Ownership..
GILDER GAGNON HOWE & CO LLC
09/30/2013 17,309,238 +8,856,778 +104.78%
Lots of things to explore there..
The amount of information there is overwhelming..never realized there was so much hidden volume??
So is the glass half full or half empty at this time?
Well..I like to walk on the sunny side of the street..and last quarter..Q2 results..were good..but you don't have to be a CPA to see that the revenue miss..over the last two quarters was over 10M..
Revenue for Q1 and Q2 (24M+35M) average around 30M..revenue estimates were for 34M..Q1 and 38M+..Q2..so where the hell is the lost 10M+ in revenue??
Hopefully..DJ will be right about his comments about bidding on some new, large orders..imo
I completely forgot about this report..Bill..
Last month the SEC launched a new website..called Market Structure Data and Analysis Website..there is a ton of market information here..here's a summary..
"Among the MIDAS-collected data that is generally unavailable on the public consolidated tape that the SEC’s new website will be making available broadly:
Ratios related to the number and volume of orders that are canceled instead of traded.
Percentage of on-exchange trades and volume that are not disseminated on the public tape (odd-lot trades).
Percentage of on-exchange trades and volume that are the result of hidden orders.
Quarterly distributions analyzing the lifetime of quotes ranging from one millionth of a second to one day.
The new website contains an interactive charting tool that allows users to compare and contrast data series according to the type of security, market capitalization, volatility, price, and turnover. Users also can explore detailed quote-life distributions, and download data series and quote-life distributions to perform their own analyses. Methodology documents that detail all calculations are provided."
http://www.sec.gov/marketstructure/datavis.html#.UoPopXCsiSo
http://www.sec.gov/marketstructure/#.UoPozXCsiSp
Short Interest..Capstone Turbine Corporation..Common Stock
10/31/2013 42,352,084 +1.46%
Average Daily Share Volume..3,093,144 Days to Cover..13.69
http://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest
Turbines for onsite energy bring independence and savings.
Friday, November 01, 2013
thanks to bklynfuels..
Photo: Capstone
Capstone turbines in Recla, Italy
http://distributedenergy.com/DE/Articles/Spinning_to_Win_23638.aspx
I have never seen a gap behave like this before..
I thought that in order for a gap to be filled it had to occur during the regular trading session..aren't before and after hour trades..limit orders..a price chosen by the trader at that time..as opposed to bid/ask changes during the regular session....
{No other real excuse for such a drop this week.}
Yes..could you tell us what you are referring to?..
This is really a trading stock, not an investing stock..
Sure seems that way..traders have made some money here..but all investors get is a monthly margin interest charge..hoping DJ can deliver next week..
The company sure has been quiet now for a long time..
I would think..of course I could be completely wrong..that after all the concern about exec pay (recall the mice smelling the cheese statement from director Gary..blowing off an exec pay question) and the recent quarterly revenue miss..Dj would have been out on the dock in September..making sure product is on it's way to a bright future..if not..DJ's yearly $1M+ compensation package could be nearing an end..Estimates are for revenue of $39M for Q2..Q1 revenue was $24M..
some funds close their books 10/31..
The fiscal year ends today for about 20% of mutual funds..second after December..
RESISTANCE/SUPPORT 1.26..
Very interesting Captain..
Looks to me like we got shorted big time today..
Today's block volume of over 1.7M shares..suggests to me someone is closing or lightening up a long position..some funds close their books 10/31..
But then again..maybe some are too scared to hold going into next week's earnings..after the punishment us longs endured after the last two earnings announcements..now that's scary..
Capt's Post about the WSJ article..
From the publisher..Penny Stock press..
IS THE INFORMATION COMPLETE, ACCURATE, TRUTHFUL OR RELIABLE?
The Information provides de minimis information about the Profiled Issuers and is only a brief favorable snapshot about the Profiled Issuers. The Information consists of only positive content and does not include any negative information about the Profiled Issuers whatsoever; accordingly, you should consider the Information to be one sided and not balanced, complete, accurate, truthful or reliable.
WHY DO WE PUBLISH THE INFORMATION?
We publish the Information because we are compensated to do so. We receive monetary and/or securities compensation of the Profiled Issuers we promote. Our compensation is paid by the Profiled Issuers, third party shareholders or other third parties related to the Profiled Issuers.
http://pennystockpress.com/market-scan/?symbol=cpst
CPST mentioned in the Wall Street Journal today:
Looks like an ad for a newsletter..
"The Wall Street Journal news department was not involved in the creation of this content."
LOL..... I stand corrected..
Did you know..If you click on Captain's chart..the chart will enlarge..and will be readable for us Free folks....