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ZBB Energy Corporation Message Board

  • jeff5tg jeff5tg Sep 22, 2011 4:31 PM Flag

    404,000 traded today

     

    404,000 shares traded, a couple weeks ago 4000 traded one day. anyone else find this interesting?

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    • About 3.3 million shares traded in two weeks. Any takers on tomorrow is the blow out in volume and the tranche is tomorrow night after the market close...then some sales announced next week.

      Most on the board won't remember back to the days when GLG owned 2.6 millino shares about 20% of the company and the volume was 1000 to 8000 a day every day and they were liquidating their entire position. Held the stock down for a year...

    • MOOSE,
      can you document your socius numbers cuz i come up with avg share price for them of 1.14
      on 4 tranches

      On September 2, 2010 the Company delivered the first tranche notice under the Socius Agreement pursuant to which on September 20, 2010 Socius purchased $517,168 of debentures. In connection with this tranche, (1) Socius purchased 1,163,629 shares of common stock for a total purchase price of $698,177 and at a per share purchase price of $0.60 and (2) the Company issued to Socius 490,196 shares of common stock in payment of the commitment fee payable in connection with the tranche. As consideration for the common stock it purchased, Socius issued a collateralized promissory note maturing, the later of September 2, 2014 or when the Series A preferred shares are redeemed by the Company. Management expects to redeem the Series A preferred stock on September 2, 2014. The promissory note was recorded at a discount of $183,922 determined by discounting the promissory note at a rate of 10%. The promissory note is reported in the stockholders equity section of the Company’s June 30, 2011 consolidated balance sheet because the promissory note was received in exchange for the issuance of common stock.

      On November 12, 2010 the Company delivered the second tranche notice under the Socius Agreement pursuant to which on November 29, 2010 Socius purchased $490,000 of Series A preferred stock. In connection with this tranche, (1) Socius purchased 906,165 shares of common stock for a total purchase price of $661,500 and at a per share purchase price of $0.73 and (2) the Company issued to Socius 402,901 shares of common stock in payment of the commitment fee payable in connection with the tranche. As consideration for the common stock it purchased, Socius issued a collateralized promissory note maturing, the later of November 12, 2014 or when the Series A preferred shares are redeemed by the Company. Management expects to redeem the Preferred Shares on November 29, 2014. The promissory note was recorded at a discount of $173,872 determined by discounting the promissory note at a rate of 10%. The promissory note is reported in the stockholders equity section of the Company’s June 30, 2011 consolidated balance sheet because the promissory note was received in exchange for the issuance of common stock.

      On January 12, 2011 the Company delivered the third tranche notice under the Socius Agreement pursuant to which on January 27, 2011 Socius purchased from the Company $2,020,000 of Series A preferred stock. In connection with the tranche, (1) Socius purchased 1,934,042 shares of common stock for a total purchase price of $2,727,000 and at a per share purchase price of $1.41. As consideration for the Common Stock Socius purchased, Socius issued a secured promissory note maturing, the later of January 12, 2015 or when the Series A preferred shares are redeemed by the Company.

      On March 16, 2011 the Company delivered the fourth tranche notice under the Socius Agreement pursuant to which on March 31, 2011 Socius purchased from the Company $520,000 of Series A preferred stock. In connection with the tranche, (1) Socius purchased 557,142 shares of common stock for a total purchase price of $702,000 and at a per share purchase price of $1.26. As consideration for the Common Stock Socius purchased, Socius issued a secured promissory note maturing, the later of March 16, 2015 or when the Series A preferred shares are redeemed by the Company.

      http://www.sec.gov/Archives/edgar/data/1140310/000110262411000563/zbbenergy10k.htm
      i calculate 5,454,063 shares over 4 tranches

    • I don't have the time for all that, but yes, they would be taking a loss on some of their shares, but they also have some preferred, they were given a huge amount of fees up front for the first two tranches, they have warrants. They have had to sell other shares at other times for tranches as well. It's way too complicated for you and I to figure out all the inner workings of their deal.

    • I calculate 4,093,000 shares traded since August 30 including August 30.

      If market makers shorted that many shares, they could pull off a 6 million share offer fairly easily I would think.

    • i included the shares given as fees. they might have been shorting but selling at a loss? they can't sell the preferred, i assume they exercised their warrants at the same time as purchasing the preferred.

      i don't buy it. their deal ain't complicated.

    • They could have been selling prior to earnings when it was 1.15... There is a lot to that deal.

    • Perhaps they were lining up a few institutions to take the shares. They tell Socius if you sell these in an orderly manner to these investors we'll get you in on the tranche at a price you can make some money.

      I'm hoping for a little dip in the stock price so I can buy my shares before it heads back up, I wasn't watching this morning when it was under .70.

    • why would institutions want to buy from socius when they can buy directly from zbb?
      and on the open market, wouldn't they be non-open market?
      your're not imho making sense. when does zbb have to file when their position drops significantly?

      i agree it's convienient to blame the price drop on socius but you are making them out to be ....... stupid imho.

    • No need to go back and forth with it...I have my opinion, right or wrong the price is where it is and I've bought some this week and hopefully buy more today.

      I am curious as to your expert take on it since nobody has heard any other ideas from you reflecting what is going on other than to say what I'm saying makes no sense and is dumb. I'm all ears.

    • what do i think zbb is down? is any a.e. up?
      the market is down, a.e. is down especially if you are associated with obama/grants,
      republicans likely to force cuts to a.e. grants/loans as part of debt reduction agreement. this is a very crowded battery market even in flow batteries. in this crazy market sellers might be selling just because they have to and nothing to do with zbb - they may see a much better trade and need cash quickly, they may have redemptions.
      recent large/insider buys - not sure what to make of it, didn't seem to matter which would make me pause rather than get excited.

      moose, i call em as i see em. sorry but it is a message board.

      just don't buy the argument socius is selling at a loss just so they can buy cheaper shares. shorting riskier than before since stronger co.
      i haven't investigated if owning a certain amount of preferred might get them on the board.

      there's always a chance investors think there are better trades/investments, you do know there are other trades, eh?

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