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The biggest news out of the Q and A in my opinion is that the investor is indeed Arbiter Partners Capital Management. To have an organization like that believe in this stock is massively important and telling in my view. I know investment bankers working on Wall Street. I know of this organization. To have them
Involved buying in at .70 a share from what I understand seems incredibly important. Please note reputable investment banks like this do not just invest on a whim. You have to think there was substantial due diligence.
Agreed.
While there is no way to know for sure the only logical conclusion I can reach is that the investor is Arbiter Capital. That said, some clarification would be welcomed. However, I do understand from running a business myself that there are many reasons to announce things, and in some cases, to hold things close to the vest until the time is right. This company has been largely transparent, and objectively, has accomplished much in a relatively short time. I realize their time estimates have not always been spot on — but to freak out about artificial deadlines is irrational in my view. Either you are long bc you’ve done your DD or you are not. Time will tell who was right to be confident and who was right to be skeptical. I think time will prove the longs were correct, but as Trip often posts — anything could happen.
If it is indeed Arbiter Capital we are talking about a real player, and to me it would mean extensive due diligence was performed that resulted in a large investment by a major reputable financial player. So...I think it could be a really big deal and am quite surprised at how it’s flying under the radar.
I posted this before. I suspect it is Arbiter Capital. If so, watch out. I’m kind of surprised this has gone under the radar. Perhaps I’m wrong but I think this is a big deal.
Is it Arbiter Capital Investments run by Paul Isaac that has invested in SIRC? If so, wow!
I’ve averaged way down. If it goes to even .75 I’ve made out very well. And I’ll be shocked if it doesn’t. I
understand why these paper losses are causing anxiety. I don’t love them either (but it’s easy for me to say because it has no impact on my life in a real way). That said given that it has no impact on my life in a real way only because I’ve been here before and I have held firm, followed the numbers, and have been rewarded to the point I’m just having fun with this stock ...and even though I expect I’m right if I’m not it doesn’t matter that much. I mean in my opinion this one is easy ...look at current SP, look at market cap versus other pennies, look at revenue, look at the industry ... . I don’t get the anxiety at all.
Thanks Trip! I think we are seeing signs of a turnaround. Just my opinion ... .
I have followed this board for over a year and I have followed the stock. I am not going to say anything other than the money I’ve put into this stock won’t make a difference in my life, but I’m down on paper six digits to the left of the decimal. I expect to be up at least six digits to the left of the decimal in six months. I think the panic is par for the course and is a sign of things to come in a good way. Just my opinion ...I just hate to see the anxiety here.
Not sure if link works but you can search here to see that Plemco has been awarded EV contracts by the government in the past.
https://search.usa.gov/search?affiliate=usagov&query=Plemco
The audit being done and a press release being done about it are two separate and different things. When Mr. Massey says it’s done I believe him. He never said when a press release would be done about it, and I trust it will be done when he, company leadership and the press team think it’s appropriate.
If you don’t sell you haven’t lost anything. While it may feel like drowning it actually isn’t. I’ve lost hundreds of thousands in the last few weeks on paper only on this stock and I’m actually very happy because I see what it’s worth ultimately and I never thought I’d be able to buy more at these prices.
This is entirely speculative and just a guess, but my guess is no news has been released as a calculated measure because news no matter how good is not going to change things significantly in a positive direction in this market. I think the audit is likely done and the news will be released at such time as to have the most positive impact.
Again — this is just a guess. That said, I’m loading up.
It’s Wednesday. I still have faith they will keep their word.
Everyone on this board is so excited you are part of SIRC. I was long and strong before, with you on board I think SP hits at least $50 wi 3 years. Warm welcome to you.
Thanks Merc. I’m happy to provide whatever insight I can.
This is speculative, but I have to think if there are any government RFP’s that have been released in this space that they are already being worked on for submission. I’ll do some digging.
The $4 million in revenue for Pacific is nice, but that’s not the big picture here. One government contract award could easily be worth 10’s of millions of revenue in an instant once awarded. This potential is the big news from the acquisition, and I don’t think most realize just how big this news could be.
One thing I know something about is government contracting. To do it well you need to have people in house that have done it before and know the system. This was one thing I was wondering about with regard to the company because they seemed to have no one. Now they do ... I don’t think the importance of this acquisition can be overstated. Moreover, note the word “binding” — this is real news and I think this acquisition expands the potential market immensely.
Thanks Trip, and yes I have been paying attention and being careful. I didn’t get into this with money I couldn’t afford to lose and I’ve kept strong resolve not to let the swings either way affect how I feel too much. I think last week gave us all good insight into what this stock could do. I’m going to try to add more tomorrow b/w 1.50 and 1.70 assuming it goes there. If it doesn’t that’s great too!
Whatever it does in the short term doesn’t matter to me except for seeing any dips as an opportunity to accumulate. I’m holding onto this one.
Again, thank you and I truly appreciate the “community” here — this board is a special one.
Thank you to the members of this board. Those that come to mind are Trip Mercuto and Livinchill. I’ve watched this stock for awhile, and then I discovered this board. I got in with 60k shares at .74 largely because of the information and DD found here. It was great to see the euphoria on this board last week. This week has not been great, but I’m a long and I’m looking to get up to over 100k shares and this is the perfect opportunity. On paper I’m down several tens of thousands this week, but honestly I haven’t sweated it for a second ...it’s doing exactly what Trip said it was and I’m going to load up.
What an amazing board and amazing stock.