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Nice write up of the EXPI bull case: https://www.thewoodshedd.com/posts/2021-07-09-highconviction-copy/
And $40 looks like it could be important support (39.87 was the low on the post earnings gap up open day). I'll take a small swing.
Interesting thread. 30 posts and 15 on one day. I have two thoughts on FIXX:
(1) Seems possibly quite cheap. 12/14/20: H.C. Wainwright analyst Patrick Trucchio took over coverage of Homology Medicines and kept a Buy rating on the shares with a $30 price target. The analyst views Homology as a differentiated gene therapy and editing platform company
(2) They use spike proteins to insert their gene editing technolgy? And the coranavirus vaccines tell our immune systems to disable spike proteins? Does their technology still work in a post vaccine world? (And I understand little about these things and a little knowledge can be very dangerous)
If I knew which of these thoughts was right I would know whether to buy or not. Probably will buy a little tommorrow if it holds today low (6.80 ish) anyway. Edit: the heck with it I'll buy a little right now (afterhours) for 7.19. Would like to see it do a morningstar doji.
It's trying to hold $2 today, but too early to tell. After reading the earnings report released last night (Cliffs note version for Q4 66.6 million revenue, 51.4 million Operating Expense, 30 million interest paid) I wanted to sell. The conference call provides some hope they can work through these times and survive/thrive in the future.
12/04/20: Cowen analyst John Scott reiterated an Outperform rating and on Immunogen Inc. (NASDAQ: IMGN) and highlighted the company as his Best Biotech Idea for 2021. What the street appears to be missing is the de-risked first-in-class potential of lead drugmirvetuximab.
The analyst stated "We expect top-line SORAYA data in 3Q21, BLA submission before YE21, and accelerated approval in 1H22. We estimate a >$1.2B commercial opp w/ peak US sales of$900MM. Assuming a 3-4x multiple of comm opp suggests value of $4B+, making IMGN anattractive potential M&A target (market cap $1.05B)"
https://www.streetinsider.com/Analyst+Comments/Immunogen+Inc.+(IMGN)+Names+Top+Biotech+Idea+for+2021+at+Cowen/17682898.html
looks like an old-fashioned pump and dump. If you were nimble enough to sell out for 3 should be able to buy back for 1.80 by next week.
An article at realmoney.com http://realmoney.thestreet.com/articles/03/16/2016/magicjack-rings-some-brief-gains
Their take on earnings:
CALL reported 38 cents of fourth-quarter earning per share after the closing bell, beating analysts' consensus 30-cent estimates. Quarterly revenues totaled $24.6 million, or just a shade below the $25 million consensus forecast. (Of course, it's worth noting that MagicJack doesn't garner much coverage, so yesterday's "consensus estimates" only involved two analysts.)
MagicJack also reported $24.3 million in free cash flow (about $1.50 per share) for 2015 as a whole, which put its price-to-free-cash-flow ratio below 6x. The firm -- which has historically held relatively large amounts of cash -- ended the quarter with $78.6 million in the bank, or about $5 per share.
.......
But the biggest news of the day was MagicJack's announcement of plans to buy privately held Broadsmart for $38 million in cash and $2 million in stock. (The deal also calls for an additional $2 million earn-out if Broadsmart rings up $15.6 million in 2016 revenues.)
Broadsmart is a so-called "UCaaS" company, meaning it provides "Unified Communication as a Service." That means the firm offers phone and other communications services to medium- and large-sized businesses, so the merger will give MagicJack access to the key "VoIP for Business" market.
But not surprisingly, that also means that MagicJack is ponying up for the acquisition. CALL is paying 3.2x Broadsmart's 2015 revenue, as well as 9.1x EBITDA. Still, MagicJack will have no debt and about $40 million in cash (or roughly $2.50 per share) following the deal's closure.
Interesting. I sold my remaining shares and it seems I should still get the dividend payment on Oct 1? Maybe some residual value remaining in excess of 0.0875 per share?
SeaCo Ltd. Announces Third Liquidating Distribution of $0.0875 per share
6:29p ET September 12, 2013 (PR NewsWire)
SeaCo Ltd. (OTC: SEAOF) (the "Company" or "SeaCo") announced that its Board of Directors had declared a third liquidating distribution of $0.0875 per common share, which will be paid on September 30, 2013, to shareholders of record at the close of business on September 23, 2013. The aggregate distribution will total approximately $57.82 million based on the 660,761,557 shares of common stock currently outstanding. The Company does not anticipate that any further distributions will be made on account of its common stock. This third liquidating distribution will be made pursuant to the Plan of Liquidation of SeaCo Ltd., approved by the Company's stockholders on August 17, 2011.
About SeaCo Ltd.
Can you summarize the investment thesis?
Oh never mind (silly me for thinking such a thing might be worthwile). I just doubled the trading volume in this stock. A whole $500. Wow! Impressive volume!
My investment thesis is that over time FCPG will either catch up with BFAR (or more likely BFAR overtakes FCPG as both stocks try to see which can get to zero first)
http://finance.yahoo.com/q/bc?t=1y&s=FCPG&l=on&z=l&q=l&c=bfar&ql=1
Looks like VFIN is not being quite so obvious in their naked short selling recently. And occasionally the SEC will enforce the rules so it is possible they may continue to be a little more careful in the future.
http://www.sec.gov/news/press/2012/2012-66.htm
Didn't see where there any significant penalty imposed (they had to agree to stop violating the law - wow!). So if VFIN has knowledge that BFAR is a scam who can blame them for blatantly ignoring the law.
Super! I guess not everyone is obsessed with what names are put into the PR <g>.
Anybody notice if it was real shares being bought up or just VFIN imaginary shares? Good to see that VFIN not constantly on the ask with an infinite supply of imaginary shares anymore.
FWIW I've been able to buy the dex one bonds online at etrade. Ameritrade and schwab it seems like their online search doesn't find non-investment grade bonds (even if you enter the cusip id), but I expect that if you called their fixed income people they could get an order filled for you. Currenttly bid 27 and offerred at 33 and I haven't figured out how to do a limit order on these (maybe not possible?).
Etrade even links to the moody bond report:
http://www.moodys.wallst.com/reports/creditrating.asp?cusip=25212WAA8&reporttype=corp&YYY2100_QDN5T8HThn
CFO.V: Currently 1.80. Be interested in informed opinions (either pro or con). I took a starter position.
Clifton Star Resources Inc. (CFO-TSXV)1
Under Review
July 25/11 closing price: $2.90
Michael Fowler, M.Sc MBA
Clifton Star- 7 Months Stock Halt- A Donchester Resource Hatchet Job But The Figure Is A Good One- Positive : The company announced the filing of an updated NI 43-101 report on the Donchester property (contiguous with the Beattie Property, Quebec) as a result of a review by the British Columbia Securities Commission (BCSC). The former report by Peter Bevan was deemed non-compliant by the BCSC and for mostly this reason, the stock was cease traded so that a new technical report could be tabled. This process took seven months to fulfill. It is important to understand that this report is independent (typically these reports are quasi-independent) of the company and was tabled after review by the BCSC.
The new report estimates that the Donchester property hosts an inferred (even with 219 drill holes!) resource of 1.05 million ounces grading 3.06 grams per tonne using a cut-off grade of 1.5 grams per tonne and a top cut of 8 grams per tonne (see below)*. This figure is not comparable to past figures estimated, or adjacent property estimations, because of the different parameters used in calculating the resource. The figure is within our expectations and should be positive for the stock price once the initial swoon has taken place when the cease trade order is lifted.
The resource estimation can only be described as a hatchet job, probably to satisfy the BCSC. It is very rare to see such high bottom cut-offs used for a potentially partially open-pit scenario and a top cut of just 8 grams per tonne is the lowest we have ever seen! The author estimated that the effect of the top-cut to be 282,500 ounces lost in the resource estimation. In other words the uncut resource was 1.366 million ounces using a bottom cut-off grade of 1.5 grams per tonne. In the NI43-101 report, the issue of the high bottom cut-off grade was not fully explained or really justified. It does seem that the resource is probably refractory, but testing is still on-going and this hasn’t been thoroughly examined as yet. It is true that a refractory ore would be higher cost to mine, but SGS (contracted by Osisko for the adjacent Beattie deposit) used a cut-off grade of 0.67 grams per tonne for their estimation on what is the extension of the same deposit!
The effect of the bottom cut-off grade used has a severe effect on the resource estimate. If we take the Beattie deposit as an example, the resource figure doubles from using a 1.5 gram per tonne cut-off to a 0.5 gram cut-off . This is sourced directly from the Beattie NI 43-101 report. The reason for this is that all gold grades lower than 1.5 grams per tonne are deemed to be zero grade and therefore are not included in resource estimate. At Donchester, there is a lot of sub 1.5 grams per tonne material in the deposit and this was ignored as sub-economic. Also, for comparison purposes, Aurizon Mines in their resource estimate of the Joanna property, Quebec uses a 0.33 grams per tonne cut-off and this is a refractory deposit as well. The issue of the cut-off needs to be looked at industry wide to avoid these complications and their effect on stock prices. The bottom line is that there could easily be over 2 million ounces of resource at Donchester at a 0.5 grams per tonne cut-off and this would exceed expectations! Finally, normally a grade tonnage variability table is given in NI43-101 resource estimations and this was absent in the NI 43-101 report. It certainly would have helped!
In our opinion, the company has the potential of proving up a resource of plus 5 million ounces at a 0.5 grams per tonne cut-of grade. Despite the suspension of the stock for 7 months, the figure reported today only serves to reinforce that point of view. Also the company has over $14 million in working capital, is continuing to drill the Beattie and Donchester properties and it has the ability to access a $22.5 million credit facility from Osisko, convertible into Clifton stock at a price of $3.12 per share. We are assuming the stock will start trading again pre-PDAC and we fully anticipate a dive in the stock, as frustrated investors flee the stock. The announcement today shows that the suspension of the stock was not due to an impairment of Clifton Star’s asset base, but more to do with disclosure issues. Even at a stock price of $2.90, with the extremely conservative NI 43-101 reports, the stock would be trading at an EV/per resource of just $40, which is inexpensive. We would recommend buying on the downdraft.
· Bottom cut-off: All assay values below a pre-determined figure are set to zero
· Top-cut: All assay values above a certain figure are reset to that number
< NRGY pays 70 cents a quarter.>I think the correct way to phrase that is that NRGY paid 70 cents a quarter last year. I believe they have announced that they intend to adjust the dividend to be more in line with their current cash flows. Like maybe 0.35 per quarter).
I added some ARR (got to love the yield). Somewhat nervous that this one could blow up (ala the mortgage banks that made good money for years on liar's loans as long as real estate kept going up). Good to see some insider buying.
Hang around for the entertainment value at least. When they report earnings we should be able to sell higher, and audited earnings much much higher. But honestly even if this company is a real company it's not worth obsessing about. Keep some feelers out so that we might find a glimmer of hope every now and then (like if someone can ever find a new cat for Gloria, so we can exchange it for audited financials <g>).
If you are Mr Hu do you care whether BFAR doubles from 0.07 to 0.14?
If Mr Hu is a scam artist he makes his living off diverting company funds for his personal use and likely wants to issue the occasional pr to make it look like he is running a real company to perpetuate the scam).
If he is an honorable man, than he knows that the company is worth far more than 0.14, and will be working to get financials back in order in due course (sometimes this takes time; if you have no patience I think BFAR is a poor investment). I doubt very much that he is worried about issuing a pr so we US investors can flip our shares for a profit.
The market values BFAR that there is 98% chance that BFAR is a scam and a 2% chance it may be reporting true results. IF you think there is much more than a 2% chance that BFAR is not a scam, you should consider investing. Everyone has to make there own decision on this. I think it is more likely than not that BFAR is a scam (one of VFIN clients seems to be convinced anyway, and there is little evidence to the contrary).
Unless Mr HU, supplements his scamster income by providing inside information to one of VFINs clients? I don't think he he could directly short his companies stock without being discovered?
Place your bets (but don't invest any money you can't afford to lose)
Hey nothing wrong with a little blind optimism. Sometimes that's all we have to hold onto <g>. Better than the pervasive negativism that normally prevails here. And it's nice (albeit perhaps naive) to think that a majority of corporate excutives may have a certain amount of integrity (even in China).
Cool! And looks like those FCPG buyers with buyers remorse have off-loaded their shares. Now maybe BFAR can trade based on supply and demand of real shares.
<<Anyone's guess?>>
If you're successful in getting the CEO put in jail, I suspect it could be quite a while! Otherwise when is their next earnings release? If you're looking to flip your shares you might want to tone down the rhetoric a tad.
Unfortunately VFIN seems to have an infinite supply of stock to sell. How is that possible you may ask. Just search this thread for the word VFIN and you might get some good insight!
I see FINRA has an avenue to investigate market makers that appear to have problems with following the appropriate rules
http://www.finra.org/AboutFINRA/Ombudsman/
FWIW I did ask if they would make an inquiry to see if VFIN is complying with the requirements to locate all the shares that they are selling. May or may not help. If nothing else it may remind VFIN to ensure that they are in compliance. If others think this is a problem, more requests may result in an inquiry that might ensure that VFIN is complying. As long as VFIN is selling real shares and complying with the regulatory requirements I can live with BFAR trending down indefinitely.
Best Regards,
Hercules16
Interesting.
VFIN has been noted to be lax in their compliance with shorting regulations. http://investorshub.advfn.com/boards/board.aspx?board_id=11257
This is the list that you really have to master because these are the MARKET MAKERS that can kill a stock in a hurry when there are the sitting on right side of the box on Level 2.
HDSN: killed CKYS single-handedly
VFIN:
CGFL: new kid on the block for sub dilution
RBCM: Old CLYP. Has killed many sub penny stocks in the past to no-bid.
FANC: used to be a heavy S-8 seller. May show up once in a great while.
SSGI: aggressive on sub penny stocks
If you can document this data and explain how it was collected, it might get someone with regulatory authority to remind VFIN that they should at least pretend to comply with the short selling regulations,
Thanks luckydude for the background. Naked shorting is a plausible explanation for how they able to tank the stock after the last earnings report. Maybe the only plausible explanation. Who is anxious to sell a stock that just reported they have 0.40 cents cash and 0.13 per share quarterly earnings for for less than 10 cents. Someone who can naked short might be interested, but not very many other people (even if you knew it was a scam wouldn't you let it run and then sell?).
But if there is an infinite source of zero cost shares being manufactured, there is no easy way to fix it (The SEC likely could care less about these pink sheet stocks; probably makes their job easier if they can just drift into nothingness).
Best Regards
Another good week Up 12% for the day and 22% for the week.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/518024-news-out-finally/messages/1642844#message
500 shares @ 1.8 this morning. Well after paying a $5 commision they might have enough to buy a 40 ounce beer. Hey as long as they have a good reason! LOL Trading in these Chinese small caps is beyond ridiculous.
I think there is still some hope. However once you get the SEC involved you have to deal with SEC incompetence in addition to the TRGD management incompetence. I expect that our patience will be greatly tested (even worse than it has been to date). By the time TRGD trades again, hopefully it still has some value remaining. I'm valuing my trgd shares at 0.15 cents for now (but I expect that this is overly optimistic). Hopefully Sam Dan will give us some hope while we wait (I'm confident that he will do more for us than TRGD management so we should be grateful I suppose).
Has TARM mamagement blacked out? Do they drink a lot?
I guess that explains a lot!
How do you figure all time highs?
http://www.kitcometals.com/charts/copper_historical_large.html#30days
GBG. I would have been tempted to add some GBG at 1.20 on the news last week. I'll definitely take some now (at around $1.00):
http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=0&m=30268659&l=0&r=4&s=GBG&t=AMEX
With some of my mining stocks going away (QUA.TO and GCE.TO) I was starting the process of redeploying these funds. Do you or others see anything especially compelling these days per chance?
I've already started my buying with CMK.TO and AMY.V. A lot of good information on both at both Ihub and stockhouse.com on these. And it does seem that some great values are available in the junior mining space such that it's not necessarily such a bad time to have some cash to invest (e.g;
http://seekingalpha.com/article/256039-chen-lin-seeking-value-in-junior-miners ).
These junior miners can sure be volatile (ample opportunities to make great money and lose great money; sometimes its enough to turn one to investing in Tbills <e.g. TRGD <g>).
http://finance.yahoo.com/q/bc?s=CMK.TO&t=2y&l=on&z=l&q=l&c=cuu.v%2Ctgb%2Camy
Best Regards,
Whoops look like anyone that owns more than 1000 shares is trapped unless they want to sell for 0.30 or less. But if you look at the past year of trading this is more the norm anyway. The pump and dump days in early to mid November are more the aberration. Caveat emptor!
Elmer B. Stewart President and CEO of CopperFox stated, "The completionof the resource estimate is a great milestone for Copper Fox. Ourprimary objective now is to complete the feasibility study for theSchaft Creek project as soon as possible. The strategy for the resourceestimate was to eliminate areas of very low grade mineralization andtherefore reduce grade smoothing. The updated resource estimate showsthat the average metal grades for the deposit remain relativelyconstant up to a 0.25% copper equivalent cut-off, above which the tonnes decrease significantly with a corresponding increase in theaverage metal grades. The 2011 drilling program is focusing on thehigher-grade mineralization intersected in the Paramount zone in 2010with the objective of defining a higher-grade "starter pit" andincreasing the tonnage and average grade of the metals in this zone.Copper Fox expects to complete a resource estimate update for this zoneafter completion of the 2011 drilling program."
Base Case:Copper Fox has selected the 0.20% copper equivalent ("Cu Eq.") cut-offfor its base case resource estimate. A 0.12% Cu Eq. cut-off was theminimum grade of copper equivalent estimated by AMEC required (usingthe estimated copper recovery rate, the milling and sales cost) tobreak-even on an operating cost per tonne basis. In adopting a moreconservative approach to optimize the economics, Copper Fox hasselected a higher cut-off grade to increase the average copper gradeper tonne while reducing tonnage.
All in context of the NR: Tonnes decrease but grades go higher well ok and they are using a 8% higher cut-off of course the M&I will reflect that as Elmer states..."to therefore reduce grade smoothing" pretty honest stuff
I added back a few shares I sold at 2.23 in April. Missed the low of day, but if it gets back to the 1.50 area I would likely add a few more.
It seems to me that if you have an open mind there are some valid questions in there. For example why are there operating margins so much higher than their competitors? Maybe the brine they work with has unusually high concentrations of Bromine <g>? It's not like they're the only company in the world with access to seawater.
I wish he would shut up also, because he is hitting me in the wallet. But I still support free speech (even yours to tell him to shut up).
Amazing. Seems like it has hit bottom but just keeps digging. If there is a 5% chance that they are not cooking the books it might be worth buying here. Isn't there a 5% chance that they are being honest? Apparantly not!
I've given up all my profits at this point. I'm nothing if not stubborn. (But will keep my loss to acceptable values even if this is ultimately a zero).
Seems to me that you, like many including myself to some extent are in denial. Nothing wrong with that as it is part of the normal recovery proceess (denial, anger, bargaining, depression, acceptance).
If DTT notices irregularities in the various account balances, and management has no explanation other than denial (e.g. - "there is no problem") that is a serious problem. Although the fact that management denies there is a problem can be comforting, I believe the shareholders would be better off if they came clean regarding what are there real cash balances, cash flows etcetera.
DTT can't reasonably conclude that the money is missing, they can just ask management where the money went, and if management has no answer they can't in good faith sign off on the books.
I'd feel a lot better if the CEO would acknowledge the problem and take reasonable steps to determine and document the true state of the companies finances. The "there is no problem", "the dog ate the accounting records" defences aren't going to convince anyone. May give him a little more time to remove a few more cookies from the cookie jar, but that game will also soon come to
an end.
Cheers, herc-the-jerk
I don't suppose it would make any sense to exercise any March 7.5 calls right?
I suppose it's possible that they were just cooking the books a little bit and still have $3 a share in cash and real earnings of $1 per share, such that an equity value of $10 per share could be justified. Hey a guy can still dream, can't he <g>?
Best Regards,
hercules
Oh crap! We are f*****d
Looks like RINO part 2. Just review that board for their halt (was it early december?.) Lots of posts about how the halt would give time for management to repair it's reputation et-al. I think they were halted for about a week and opened at half price, and then lost another one-half over the next 90 trading day. On the bright side that would still leave us at $3. Hopefully that is not overly optimistic.
Oh well, they had a good run while it lasted.
Thanks for the reply. The extreme volatility from overvalued to undervalued is not neccessarily a bad thing, in that allows for the potential to generate trading gains (Congratulations for your trades last year, I also had some nice gains last year selling at $4 and $5). I think BFAR gets especially beat up as it is a long wait between 3rd quarter earnings and 4th quarter earnings and people are too impatient, and it is too illiquid to be suitable for the vast majority of institutions.
I've bought unloved issues before (e.g. - SFI 2 years ago) and the subsequent gains can be significant. (Edit KCAP probabaly would have been a better exapmple for my moniker here; Not quite as impresive as SFI but very nice returns nonetheless about 350% return in 2 years exculding dividends). No guarentees here of course. I also like CCME, TSTC, GFRE, CHBT.
Best Regards,
hercules