Hey Charlie, i'm not surprised, I predicted it. Just like I predicted that the filings or flagings as you prefer, would not tell us how many shares GE had during the tender. I notice that the numbers you quote are from GE PR releases and not from the filings. And your numbers are incorrect Its actually 76% ge and 10% Elliot that are out of the trading float. If you remember, I was one of the 1st or the 1st that voiced concern that arcam would trade zombie like post deal. It has. My surprise is that papa arcam is stuck somewhat higher than the deal, but baby arcam is essentially the same or a little higher. Thought they would be lower.
I am not lamenting. But, to consider whether I should have held, or should buy back, I am concerned with the low volume, low float and lack of pps movement. To expect a lot of news from the "CEO" is ludicrous since he did not provide it earlier and how can he as simply an employee of GE which owns 76% of the company and will direct it. My only lament is that it does not look like one can effectively participate in the company because of its poor trading. To make any meaningful move with the stock, at least 500 to 1000 shares, and that is a minimum, the stock would have to trade better than it is. For those who say GE has an obligation to the less than 15% remaining holders, diffused between many individuals, I say they won't have any influence. THe company will be operated and controlled by GE and the minority are just along for the ride For those who shout that GE has bought many unannounced machines from the company, I say I've got swamp land to sell you. GE has not used the 10 it bought last December, much less need many more machines now.
Charlie, despite all those generic 3d articles, arcam will not have a bright future unless and until many more companies decide to use EBM for volume part production. Not just talk, test or experiment about EBM, but commit to volume mfg with it. That will be the question and the jury is out.
I am and have been bullish, but I must confess that I am shocked volume production has not stated yet and many more uses for volume EBM production have not been announced. I do not consider 2 blades for 26 engines in 2018 to be volume. Do you??? Do not think Avio will need more than its 20 machines to produce that volume though 2018. Do you??? Bottom line, there are not a lot of unannounced buys and except for process GE owes no duty to the less than 15% diffusely owed minority..
