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Zoltek Companies, AŞ Message Board

  • piracicaba_falls piracicaba_falls Mar 6, 2013 6:55 AM Flag

    I'm Out of Here!

    While I would love to stick around and hope for Quinn to force Zsolt out, I just don't see it happening. Folks, after all, Zsolt does own over 50% of this stock. He has hung in there in tougher times in the past. This stock is always a buy under $10, that's why I jumped in, but it will return there again. So I cashed in my 46% gain which was beyond any expectation I had in the near term. Meanwhile enjoy the drama!

    Sentiment: Sell

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    • I've been away for a LONG time on ZOLT but I totally agree that Zsolt has to go if common shareholders have any chance of decent financial results from the company. ZR is an engineer; engineers while good at what they do RARELY make good CEO's. Replace the management here and then maybe you'll see some decent growth in earnings.

      Watching,
      Joe

    • wow - you sure have your facts right! rumy owns 17.94% of the shares and including the rest of the insider holdings are right around 20%. your math is only off by about 150% if you count all insiders in Rumy's stake.

      • 1 Reply to momufuss
      • momufuss wrote:
        "wow - you sure have your facts right! rumy owns 17.94% of the shares and including the rest of the insider holdings are right around 20%. your math is only off by about 150% if you count all insiders in Rumy's stake."
        And you are quite right. Institutions hold 57% (according to Yahoo). That's what makes Rumy so vulnerable this time.

    • Zsolt owns upward of 6 Million shares, far short of your 50%.....so maybe you should check your 46% gain...