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Cadiz Inc. Message Board

  • tex7779 tex7779 Dec 22, 2012 1:07 PM Flag

    Strongly suggest that we migrate over to the Investor Village MB - YAHOO is acting up

    Posts get cut or not posted. Time to move on.

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    • maybe the next time there is news can try moving the discussion over there. I think this latest pop may be options related #$%$...

      • 1 Reply to xds58
      • xds58:

        Seriously doubt it was option related - most of the week the stock was hovering around 7.50. The open interest on the Dec 7.50 call options was 118 contracts, of those 74 were mine - as I sold those to open ( naked a few weeks ago ) and then bought them back to close on Thursday when the pps was meandering between 7.40 and 7.50. Made a few bucks. Therefore, the remaining 44 contracts represented only 4,400 shares. Thus, the 300k volume for the day has more to do with institutional investors shuffling their portfolio.

        If the stock stays in the upper 7's again next week, will consider doing that again for the May 2013 expiration. By then, Team Brackpool will have had to deliver the 10K for 2012 some time in early March 2013 - AND - there will have been a 10Q for Q1-2013. What will be very telling also in early March 2013 is when the independent auditors will have to issue a statement in the 10K to address whether CDZI can continue as a going concern - because by then their tangible shareholder deficit will be in excess of $ 20 million or about a negative $ 1.30 / share.

        Sentiment: Strong Sell

6.99-0.08(-1.13%)12:56 PMEDT