funny. I remember pointing out the TLX announcement from years ago meant it was a replacement, not new revenue, and you fought me all day with your P&D posts.
Why is it when you have a ton of shares u are willing to P&D the shaes on someone else? Why can't you just tell the truth and be honest?
what is incorrect? even the PR says they had a piece of the Hybrid line. Their presentations say they have a piece of it prior to this "news"
The only new information today that is significant is that Honda is not going away as we all thought. When was that fact known to insiders is what we are asking about
the premise of why the stock plummeted to 32c was due to the fact that Honda was leaving next year. Apparently, that is no longer the case. So if Honda stays, what is company worth? 1X? 2X? that means $40M to $80M market cap. At 50M shares, its 80c - $1.60. At 20M shares (pre-Kanis conversion) it would have been $2 - $4
Kanis deal should be voted down. Let the shares be re-priced to a more fair amount
I guess because the share count is 50M instead of 20M, the share price would be $1.80 instead of 70c. So the deal with Kanis cost him upside.
while normally your posts are the posts of a raving lunatic who uses multiple ids, I do agree with this. No way these discussions were not known prior to the Kanis deal.
I would guess when Bell agreed to remove his 25% preference is when the news was known to insiders. Possibly even as early as when the CEO bought some shares at 90c. Everyone assumed Honda was going away and that is why the stock went below 50c. Manipulation pure and simple.
I agree about the sale to Kanis but Kanis can not be selling here. First off, the insider trading window is closed. Second, his new shares are not approved by shareholders and thus not even registered for sale.
Maybe this news will cause existing shareholders to vote down the sale to Kanis or have it re-priced higher
backlog is continuing to grow. double what it was just a month ago. Many complaints. If you submit in the cheapest mode now, it will take 2 calendar months to get your coins back.
Despite this, the number of coins graded in the past 2 weeks has slowed. I can only assume graders are on vacations. When they get back, there will be much work to do. As such, this quarter is off to a solid start for being in the "slow" period
I meant to say the Honda revenue is not going to zero. A good portion of my negativity was my belief, as stated by the company, that Honda revenue was going away. This seems to no longer be the case
sad thing is, the stock probably would have gotten where it is now with this news prior to the Kanis conversion and he would have gotten 15M less shares.
It's a lot harder for a 50M share company to really move as opposed to a 20M share company
agreed. The Hybrid line is a small line though. The regular Accord dwarfs the Hybrid line.
This is still a significant news item as it does mean Honda is not going to zero. The question is, when was this known? Was it known before the sale and conversion to Kanis? If so, is that legal?
I would suspect the debt holder will now roll over his loan next month
I disagree with your second point that this is added revenue. They Already have the Accord Hybrid models. So this is just a continuation of that model line. So there is no "added" revenue
I was at an auto show a couple of years back and asked about the Hybrid and why someone would buy it as the $5K additional cost and 5-10 extra MPG did not add up. He said some people just want to be green and want a hybrid and will pay for it. Not sure why they wouldn't go with a pure EV then, but I guess I could buy that argument. Didn't make sense to me as I said, and I own 3 Accords
Either way, if Honda is sticking, now it is a $40M revenue company and 1.5X is a $60M valuation or $1.20/sh
How do they get away with this stuff? They just increased share count from 20M to 50M based on belief that Honda was going away next year.
this PR seems bogus and disingenuous. Is this a new vehicle line or a replacement for an old line? If it is a replacement, it means no new revenue but it does mean that revenue does not go away next year either.
either way, this is not a high selling model like the Civic or regular Accord. I have 3 Accords in my family. The hybrid makes no sense. It costs $5K more and barely gets you an additional 5-10 MPG. At today's fuel costs, you never make up the initial cost and then you have the additional battery expense after 5 years