Its scheduled for April 1st @ The Desert Inn Las Vegas. Wendy cannot wait its her favorite weekend of the year...lolol
I have a question. Is this a possible scenario. Company "X", say Merck makes an offer to buy out CLDX. Say the price is way too low, and CLDX responds by saying its way too low and they are not selling. Could this bring other companies into the bidding, and send the pps higher just based on the response of CLDX to a low ball offer?
Thank you for your help.
The analyst price targets are bogus. You would be a fool to pay much attention to them. First, they are the ones who pumped the stock to $120. They got a lot of people burned at these high prices. Second, these price targets have been around forever. Yet the stock keeps dropping. They are not good predictors of the stock price. Third, after the last earnings report, the analysts cut their price targets across the board. Even they are less optimistic.
must be a hard life with NO sense of HUMOR O WELL good luck, or your best friends use a shopping cart when they go to the liquor store???? that could be fun
I agree. Nothing has changed, and I suspect that will be shown by the numbers today.
Chinese press said he was locked up. NQ has told us nothing to think otherwise. Lots of people locked up in China for corruption. Completely reasonable he was arrested, and later released when they figured out he was a minor figure focused mostly on the prime directive - death to America.
Since there are literally millions who are not "in their right minds", there are likeky many buyers. Hope that helps.
Get some RIG oil is going HIGHER, you can't stop WORLD SPRING PLANTING SEASON
To clarify. The $18 million in Accounts Payable actually was $6 million in Accounts Payable and $12 Million in accrued liability according to their 3rd quarter 10Q statement. The accrued liability i presume is for the interest due for 2017 notes that are payable April 1st and Oct. 1st every year.
The $40 million ['Other Current Liability'] has to do with the SPA agreement with Pacific Rubiales, and that would be worked out with them. I may have misunderstood it, but it seems that whatever exploratory expenditure BPZ picks up for working on Block Z-1 well, is later reimbursed by Pacific Rubiales according to the SPA agreement.
The other Cash burn probably has to do with operating costs and expenses from Oct. to Feb.
So even though they have $47 Million Cash, there will be another Interest payment due for 2017 notes on April 1st. And $60 Million 2015 notes in grace period due March 10th.
Basically they can not spend the $47 million cash on the 2015 notes. They need that cash for operations.
They can get more cash from selling there assets to Pacific Rubiales or delivering their oil reserves. But that probably won't happen in the 2015 notes 10 day grace period.
The only option is to push the notes to a future date, if there are note holders willing to restructure it.. And they might if the terms are generous enough for the note holders benefit.. Or they try to restart the $100 million bond debt financing that they had canceled back in Sept or Oct..
Not recommending to buy or sell. Do your own due diligence. I may have misunderstood or there may be errors in my assessment / assumption / opinion..
Does anyone remember the last company to miss a conference? And to mollify investors, announce a special web cast meeting for the week following? Anyone?
It was GTAT which announced at the special webcast that they were going BK.
LL has cash but the mounting lawsuits can swamp them. Look for a BK announcement.