Monday is over. Tuesday? Most likely q10 release on Thursday. No activities after hours and slow drift down to 1.20 in the next few days. The become very predictable in the negative way
100m in revenue with an 8 percent margin would be nice...I'll be disappointed with less...I am set for disappointment as last quarter was a disaster...
ModusLink Global Solutions, Inc. (NASDAQ:MLNK) is set to release its earnings data on Monday, June 6th.
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Really can't see shorting a $1.50 stock. A lot of things bad can happen and in theory, the most you could make in theory is $1.50 really less than that as at some point you are really talking BK. Also, on the way down, there will be fewer and fewer sellers as they think they might as well take a chance at that point with not much else to lose. Or a big holder whose shares you borrowed decides to close their position and you're forced to buy the shares back, would not have been pretty today.
I know Bobo thinks the bad earnings may continue (and he may be correct) but at some point we should bottom and turn things around...will this be the quarter? At some point the pain of losing the HP business and relying on only one or two customers (like Go Pro) will end...the new base of business will grow and we will not have to endure the continued loss of revenue YOY.
Maybe today's action indicates some good news for once...
We know the quarterly report is due in about a week, so maybe this is speculation or a leak, or it could just be a big buyer positioning themselves in a oversold stock. We've been waiting for a loooooooong time for MLNK to make a move on the acquisition front, so it's possible that something is going on there - the Street usually knows before we peons get the word. At any rate, it's nice to see the share price up from the 52-week low we hit a couple of days ago. Share volume right now 355K, price $1.58. Good luck to long-suffering MLNK shareholders.
total short interest was 5.83M shares in May as published by FINRA. Its up 0.48% from 5.80M shares, reported previously. With 90,300 shares average volume, it will take short sellers 65 days to cover their MLNK’s short positions. The short interest to Moduslink Global Solutions Incorporated’s float is 16.87%.
The proposal I mentioned got started. Here is the test:"I submit the following resolution for inclusion in the proxy statement in accordance with Rule 14a-8 of the general rules and regulations of the Securities Exchange Act of 1934:
"No member of the management team or the Board of the Directors (BOD) with potential conflict of interest can serve or continue to serve in the management team or the BOD unless he/she sign a statement declaring his/her COMPLETE fiduciary duties to the MLNK shareholders. Any member with potential conflict of interest shall be barred from comunicating information about MLNK with the entity tor entities hat generated the potential conflict of interest"
I'm the beneficial owner of at 61,575 shares of MLNK common stock and I have held the requisite amount of stock for over a year and intend to maintain ownership through the annual meeting in 2018."
Last year they announced on June 8, and the previous year on June 9. I think June 9 is the latest they can report w/o being out of compliance with SEC rules. Due to lack of company transparency, I don't have any handle on what to expect. As I noted earlier, the rise in MED's share price could give them a boost - that is if they still own any. Guess we're in wait & see mode here again.
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I'm planning on submitting a resolution to bar members of the board and management fwho may have conflict of interest rom serving on the company unless they sign fiduciary to mlnk shareholders. I need someone in the meeting to move the resolution since I can't attend.