I have NEVER seen a DEATH SPIRAL placed on a company by insiders. NEVER. Always a Cayman Islands or Bermuda hedge fund. To have your own insiders F' you like that is unheard of. Why would anyone invest knowing the insiders get a 25% preference? It's as if they structured their loans to intentionally force BK.
If you believe something is in the works you would be buying here at 30c. no one is buying here.
they won't do a R/S unless they get funding first. The R/S was only to stop 1 of 2 delist items. 1 being share price and 2 being need for capital of about $7M. A R/S is easy, getting the $7M is hard especially with a Death Spiral and 25% preference on their debt
that is true but the yield now is below 2%, their growth has always been mostly from roll ups and they have that oil related business which looks like a loser at this point. The utility sector as a whole appears over valued to me. I have many utils in my portfolio and I am worried.
the way other companies do it, they use a tank of ammonia to "clean" the exhaust. The ammonia needs to be replenished every so often. VW always bragged about their "German engineering" not needing that extra step.
Instead of precious metal-containing NOx adsorbers, most manufacturers selected base-metal SCR systems that use a reagent such as ammonia to reduce the NOx into nitrogen. Ammonia is supplied to the catalyst system by the injection of urea into the exhaust, which then undergoes thermal decomposition and hydrolysis into ammonia. One trademark product of urea solution, also referred to as Diesel Exhaust Fluid (DEF), is AdBlue.
the company is on the cusp of BK and delisting. a paid shill is attempting to throw up some lame news items that have nothing to do with the company at hand. Only invest here of you can afford to lose the entire amount. This is a lottery ticket at best and outright throwing your money at away in all probability
On May 27, 2016, NASDAQ granted us an extension of time to regain compliance with the minimum stockholders’ equity rule. Pursuant to the extension, (i) on or before June 30, 2016, we must enter into certain definitive agreements that we identified in our plan of compliance, the consummation of which will cure the deficiency, and (ii) on or before September 15, 2016, we must consummate the transactions contemplated by the definitive agreements and demonstrate compliance with the minimum stockholders’ equity rule. There can be no assurance that we will be able to satisfy the terms of NASDAQ’s extension of time to regain compliance with the minimum stockholders’ equity rule.
By my count, they need at least $5M to make them current and probably another $2M to take them through end of year. This does not consider the $4.1M + interest due on the term loan due in August and the $1M due the IRS in the lawsuit.
interesting that they paid top dollar and then proceed to go through the expense of laying off and closing plants. spares GLW from all that hassle
we all know you are billy. You didn't do much better, you held from $6 to $1+