probably true ,plus we also need to resolve the SH litigation. oh well, the lack of interest gives us little guys the chance to slowly build a position
they also seemed to intimate in the PR that any further RC plant progress will not be until Q3-- "progress in coming quarters" maybe I'm parsing the verbage a bit too much.
last night's news was not the $7mm customer RC plant upgrade was it?
Wells with all of the continued good news sooner or later this stock will take off. I suspect the real movement will not happne until we get off the pink sheets
Given the insurance money and the limited amount of losses sustained by investors, I don't think that the settlement will amount to a loss to the Company of $10 million.
same installed base,but tons processed expected to increase by 4mm. Incremental good news anytime you can move a customer up the annual tons processed ladder . Really wish ADES would have its PR firm issue releases in AM before market opens to draw more investor attention to the news. AH press is usually bad news.
In general, there will be a "bucket of cash". My guess it will be $10 million with the law firm getting 30%.
How much you get depends on how many people file claims. In general, you'll get 2% to 5% of your loss (usually closer to 2%).
It is a class action suit. . Particaption will depend on the rules set by the settlement.
In general, you'll be notifed by mail if you held shares during the time period. You'll have to caluatute your loss as directed in the notice. If you don't do anything, you get nothing. If you lost a lot of money, its worth it.
I've gone throught it several times.
After I posted I checked for new court filings. Plaintiff had filed an updated complaint on Monday. Nothing material, they just updated the filing to get it current.
Thank you. This Q may be our last great buying opp imo.
Notice also that Sharon posted a new Blog entry this am about the significance to everyone internally about getting relisted by NASDAQ. Doubtful she highlights that unless it were coming fairly soon-perhaps after they settle the litigation.
bruiser-spoke with IR(Nick/Brenden) they are looking in to ins coverage issue,but not confident the company will advise in that regard given status pending litigation. If I hear anything I will post.
MD,you obviously have access to docket. Can you tell me if any carriers are listed as named defendants? Also , if you have the name of the parent(ADES)'s counsel I can try to search that way if they do a lot of insurance defense litigation. Please post any changes you see to the docket as that will give us little guys a decent 'tell'.
Company said it would be getting $7million upfront from an RC sale this Q (upgrade by existing customer to larger plant). I'm expecting a settlement of $10 million for SH lawsuit. The parties are book for mediation this month and are to report back to the judge in about a week. If the RC plant sale closes and the SH law suit settles for $10 million, there should be no need to raise cash.
One we get past the SH settlement, debt will be paid off quickly and cash will start building. Then........... Dividends or buy back? At the current price, buy back makes the most sense to me.