PMFG, Inc. Message Board
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Bill Nicklin Unraveling
Bill Nicklin who owns pretty much every available share is in imminent meltdown. He recently lost about $250m and more on APAGF after the Argentine gov't nationaliszed another oil and gas producer. At about 10x revenues, not a good sign for his holdings. His clients will be taking out money as fast as possible, like a run on a ponzi fund. Ultimately he will have to sell every share of PMFG that he owns, because who wants to be the last client left?
BLOODBATH-
I forgot to mention, I've also heard most of NSB's money is from Nicklin himself.
Clearly, he's taken a huge hit in recent months, but I don't know if mass redemptions and liquidation of the firm are likely.- 1 Reply to veritasinvestor
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First, I doubt BN has anywhere close to $1.4 billion. He wouldn't be running Horsesbehind if he did. Second, his clients didn't expect him to corner the float and be the first, last and only buyer of the shares. With over 70% of the float, he was the only market for PMFG and APAGF shares, so he set the price. Doubt his clients are happy with the 40% destruction in the value of their positions.
Nothing personal. Don't know the man.
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Whats up with the 1.9M volume on the 15th? Can only presume this is buying? Why would someone unload at this price at such a loss?
- 1 Reply to patrick91170
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What is Nicklin saying?
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Do you know anything about NSB? I'm told his clients are well aware of the portfolio's concentration and its inherent volatility and are fine with it b/c they want the long-term nat gas plays.
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