they need to address the share price by September and the $4.1M debt due in August. Their qtr report is also due by Aug 14. I would love to know their financial numbers as of June 30 with the cash infusion. How much did they lose last qtr and have they cured their listing deficiency?
LOL. their rate is not much better than MFIN's. Uber is in a Death Spiral
Uber Technologies Inc. has raised $1.15 billion from a new high-yield loan, according to a person familiar with the matter, as the ride-hailing company stockpiles cash to ward off regulatory and competitive threats around the world.
The new leveraged loan, Uber’s first, brings the amount raised in debt and equity to more than $15 billion and helps its existing shareholder base avoid stock dilution.
Uber will pay a yield of about 5% on the leveraged loan, this person said. The Wall Street Journal first reported last month that Uber hired banks to issue debt of up to $2 billion with a yield of 4% to 4.5%.
the piece you are missing is that most likely, MFIN is still servicing the loans. They thus gain income with no risk to them.
it is laborious and time consuming but I looked at the pop reports for the bullion coins (silver eagles, gold eagles, buffs, commemoratives, and a few others) and totaled them. They are down from last qtr which is why I raised the avg coin ticket price from $14.63 to $15. It is possible that is even too conservative and the avg ticket price will be $16 or $17. Even these conservative estimates are good.
I got a little more than 100K Moderns this quarter and the bulk was from the 26K of 2016 Mercury $5 gold dime commemorative.
well financed? What? they had to sell off their mining equipment so they wouldn't go BK. HL bought them so they could develop the old RVM mine without eco objectors as there is only enough water for 1 mine.
Dobbs played it well and got top dollar and sold during a rising silver surge.
why did GLW do a yen hedge for only the case of a falling yen? I thought a hedge was supposed to protect against rising and falling? A one directional play is an investment, not a hedge
well GS initiated coverage in Feb with a $26 PT and Buy rating. So they essentially doubled down by upgrading to a Conviction Buy and uping the PT to $27. That PT seems reasonable for a 12 month target
from today's WSJ:
Baseball Cards Steal the Show at Metropolitan Museum of Art
Exhibition features greats including Babe Ruth, Lou Gehrig, Joe DiMaggio, Jackie Robinson and Mickey Mantle
By Ralph Gardner Jr.
July 6, 2016 8:53 p.m. ET
By this time in the baseball season the New York Mets are often many games out of first place. It took Allison Rudnick, an assistant curator at the Metropolitan Museum of Art, to inform me that’s not the case this year.
“The Mets are doing really well,” she said.
Ms. Rudnick’s expertise can be traced to two sources. She comes from a Mets family. “I was born in ’87, the year after they won the Series,” she said. “I think that accounts for it.”
And she’s the curator of “The Old Ball Game: New York Baseball, 1887-1977,” a show at the Metropolitan Museum of Art that features almost 400 baseball cards, and runs through Oct. 20.
“I learned about the sport, but the real thrill has been learning more about the history of the game,” Ms. Rudnick told me as we walked through the exhibition in the Henry R. Luce Center for the Study of American Art.
If so, perhaps Ms. Rudnick could solve a mystery that’s been bugging me for a while: Why do mothers feel compelled to throw out their children’s beloved baseball cards?
“I hear that a lot,” the curator acknowledged. “People of a certain generation, when I tell them about the show,” they say, “‘My mother threw out my cards.’”
She was at a loss to explain the sad phenomenon. However, one baseball fan whose collection managed to avoid the trash heap was Jefferson R. Burdick, who assembled one of the largest and most comprehensive collections of cards in private hands. Between 1943 and 1963 Mr. Burdick, an electrician by profession, gave the Metropolitan Museum of Art 300,000 items including 30,000 baseball cards, even though they balked the first time he offered, according to Ms. Rudnick. “Burdick came back and the Met said, ‘Sure, but there are hundreds of thousands of cards?’...
Corning upgraded to Conviction Buy from Buy
Goldman Sachs analyst Doug Clark upgraded Corning to Conviction Buy saying a glass volume recovery should drive a positive inflection in revenue growth, starting with the company's Q2 earnings report on July 27. The analyst notes his price target of $27 represents 34% upside.
Previous PT was $26
whatever. you realize you are now CDTI's shill? your positive posts may influence someone else to buy in and then lose all their money.
since Honda is going away, next years sales are basically $20M/yr. At 50c/sh with 50M outstanding shares and $4.1M in debt and $1M owed to IRS, the enterprise value is $30M. That is 1.5X next years sales. I just can't wrap my head around that this is worth more than that unless sales in other than Honda really start growing.
One Director gifted 2605 shares to some entity, we do not know the charity/entity. Other than that, no insider sold. The insider trading window is now closed until after the 10K is filed in early September.
funny, when the stock was 60c or 70c, I said they would sell shares at 50c and you guys got all over me. Then when share price was 50c and I said they would sell at 40c, you got all over me. They sold at 33c and there are 50M shares now and there still is $4.1M in debt plus $1M owed to IRS. There still is a GOING CONCERN and the company is under capitalized. Is it better than 1 week ago? yes. Are they solvent? no
I guess the fact that there are now 50M shares has escaped the market and that the company will lose half it's revenue next year.
Hurray!! We didn't go BK and get delisted!! Do we know for a fact that this satisfies the $2.5M capital requirements?
Remember, these are the same investors that bid the stock to $6 based on the Honda TLX "news"