yes correct vulkrom , i suspect the same , i would even go so far as to say that management is staying silent after scaring half the shareholders out in feb. with some ambiguous language so that certain heavyweight financial firms can profit(short side) and average down there long positions - but that would be crazy conspiracy talk
All I can say you must be losing a great deal of money. While
I have shorted GMXR LPR and now FST. So please enter a
new long position good for you. Who knows maybe I am wrong on FST but so far it is looking real good as a short and soon I will cover and GO AWAY. Not much more to say then except soon my Hat Trick will be completed like I say Shades of GMXR LPR and soon enough FST.
Sentiment: Strong Sell
If and when this "falling knife" stops falling it will NOT shoot right back up. It will slowly recover its legs and go side ways for months. You are however correct, "just a matter of time." Time is the operative word.
Look at time and sales and you can see how they were scooping up all shares they could that fell in their laps
When you see those artificial roadblocks in order to accumulate shares it is just a matter if time before the stock spikes higher
THIS IS GOING TO $2's very quickly
Person posting non stop bashing and negative thumbs down is either an escaped mental patient or a disgruntled former shareholder
I think once you realize how short sellers are scamming here YOU WILL BUY EVERY SHARE AVAILABLE under $ 2.50
Again: We have initiated discussions to that effect with the administrative agent of the Credit Facility and, with no amounts currently drawn against the facility, believe that we can obtain such an amendment"
In the conference call the company expects the credit facility to be renewed for $350 million with waiver of debt to ebitda
Is it just me or are people so confused that they don't understand and can't read but the company owes zero on the credit facility. There can't be a default on a credit facility that has a zero balance. Wake up shareholders you are being scammed by ruthless shareholders
IT IS TIME TO EXECUTE A NEW LONG POSITION
for your review :
ditional amendment to the Credit Facility. We have initiated discussions to that effect with the administrative agent of the Credit Facility and, with no amounts currently drawn against the facility, believe that we can obtain such an amendment"
"If we fail to obtain an amendment, the Credit Facility could be terminated. However, we believe we can obtain alternative sources of debt financing sufficient for our needs, including securing liens against our properties or selling additional properties. Additionally, if necessary, we have the ability to slow or cease the occurrence of certain capital and operational expenditures, including those related to initiating new drilling programs, to preserve our available cash until these other sources of funding become available at prudent terms."
"The Credit Facility includes terms and covenants that place limitations on certain types of activities, including restrictions or requirements with respect to additional debt, liens, asset sales, hedging activities, investments, dividends, mergers, and acquisitions, and also includes a financial covenant. The First Amendment to the Credit Facility provides that we will not permit the ratio of total debt to EBITDA (as adjusted for non-cash charges) calculated for the preceding four consecutive fiscal quarter period then most recently ended (i) for any time on or before September 11, 2013, to be greater than 4.50 to 1.00, (ii) for any time after September 11, 2013 and on or before March 31, 2014 to be greater than 5.00 to 1.00, (iii) for any time after April 1, 2014 and on or before June 30, 2014 to be greater than 4.75 to 1.00, and (iv) for any time after June 30, 2014, to be greater than 4.50 to 1.00. The First Amendment also amends the definition of total debt such that, during any period of four fiscal quarters that includes the calendar quarter in which the Panhandle divestiture closed, any cash proceeds from the Panhandle divestiture that are reported on our consolidated balance sheet on such date are subtracted from total debt. Depending on our overall level of indebtedness, this covenant may limit our ability to borrow funds as needed under the Credit Facility. Our ratio of total debt to EBITDA for the four consecutive fiscal quarter period ended December 31, 2013, as calculated in accordance with the Credit Facility, was 4.3. Based on our current projections, we expect the ratio of total debt to EBITDA to exceed the maximum allowed sometime during the second or third quarter of 2014 if we do not obtain an additional amendment to the Credit Facility. We have initiated discussions to that effect with the administrative agent of the Credit Facility and, with no amounts currently drawn against the facility, believe that we can obtain such an amendment"
Hawk.........I've been trading FST since 2009. I've been long and short. I know this stock better than most of the morons that post here.
FST is oversold..not a good time to take a short position and you've stated you've cashed in...not sure what your endgame is now.
Rob...you have no position in this stock and you still monitor the board...got a personal axe to grind with FST or something?