Oh sorry, that is Reis. Local guy owned by Bank First I think.
Would you take a large position in a company (over 16% and growing) without having influence on the direction that the company is headed? - Ariel is not that large of a fund. This investment is significant for them. Unless they see a short term financial exit I would think they would be very interested in the long term management and direction that their investment is directed by.
Anybody know who will be managing the secondary offering?
The secondary offering is a "Shelf Regristration" which once they file it with the SEC they have 3 years to sell all or part of the allotment at any time up to the ceiling set in the SEC file. They may chose not to sell any stock at all but if they need capital fast to capture a GREAT DEAL they will have it after giving a statment to the shareholders before they take action but they don't have to file again. Some shares can be insider sales and those will not cause dilution since they already exist. The new shares printed will cause dilution lets just hope they also cause increased revenue and earnings too.
As for Ariel, they hold a large stake in the company but have not filed an S3 in the last 15 days. I'am not that concern about them. Nice surprise seeing you on this MB. ! Are you going to tell me if you dipped your toe in the water yet ? Need to keep an eye on these guys.
topline1--Ariel Investments board seats? Who is on the board at their choosing? I don't see anyone on there that's connected to them. There's plenty of info available on Ariel as well as the Orion directors. Total control for Ariel??? . Are you sure that Ariel's not selling shares instead of buying them? Anybody know who will be managing the secondary offering? Craig Hallum, maybe? GLTA
There was a new 'buy' recommendation posted, which probably explains the jump
I have never seem a buy recommendation cause an 18% pop but you may be right, I just think it's more than that. We should get some news after the close. If it was a recommendation or a contract win they would have posted it during the day but if it was something that required an SEC File like a company action, news of that would come after or before day market hours.
There was a new 'buy' recommendation posted, which probably explains the jump.
Sentiment: Strong Buy
Price was just getting too "LOW". I'v been trading OESX for a long time, Just got back in yesterday @ $5.02. Good timing!, and I don't know why the big jump.
Sentiment: Strong Buy
They must be buying again today given the volume. - Must figure that the price had "settled down" enough to begin accumulating again. I wonder when they will look for more board seats and total control?
A buyout, may be?
That's very possible there will be alot of that in this field!
After thinking about it what would cause the PPS to jump 16% ON NO NEWS . Why no news? Because you are not suppose to know about it or trade on it . That would also explain why the VOLUME isn't as high as it should be for a 16% pop.
If it was a "CONTRACT WIN", they would have been proud to post it right away for everyone to see.
I think you got it. I'am also going with a BUYOUT ! It makes the most sense to me.
Orders for the new LED panel retro-fits exceeding expectaions?Something maybe bigger than that?
No I won't be buying any OESX at this juncture. I'm pretty heavily invested in the energy saving area already with 4 stocks, two big companies and two developing ones. Great places to be long term, but I'm not looking for anymore diversification. GL, super.