June 24th, all stocks trading below $1 are thrown out. Preliminary list is posted 2 weeks in advance & final list is posted 1 week before. Stocks that are being added or deleted will have exceptional trading on the 24th & several minutes after the close, Nasdaq will rebalance the 'real' amount of shares. So, the Nasdaq acts as a broker that day securing the sale or purchase of the shares needed.
Those that are going to be added or deleted are already in play with the traders. I've watched/traded quite a few and it never seems to react like what one may expect.
Some stocks appear to be pumped into the Russell 2000 & take a hit that final day or shortly after. Others that are deleted, close higher & actually preform well, post the rebalancing date.
With all the black box trading, anything may happen.
I believe Roth stayed neutral but raised from $1.80 to $2
must have just happened, maybe why someone had to call in a favor from their buddy at zacks.
funny how yahoo took down the analyst info, then, put it up changing 1stQ from (.05) to (.07) & then took it down again
no one cares about zacks
did we get a headline for breaking the 200ma?
don't believe anything you see in level II, 90% of the orders are fake
you have a committed short, who is running their algos trying to spoof the HFT's to move it down.
i'm sure the short doesn't want the bottom in, but they don't know anymore, then you or me, if they will be successful
capitulation might happen, just might be shortie that does it
think 5 yr chart
how many shelf offers & R/S?
why does someone keep buying shelf offer with usually worthless warrants & an almost immediate 20% haircut?
OTC not a bad thing. most likely after they suck as many shares as they can, a buyout offer will be made. if, the patents are worth over $60M.
not & then re-financing would look tough, unless retro's are actually being done
most likely it stays alive on the NASD. with so many complaining of their loses, one must think that money went somewhere
why kill the golden goose?
R/S- up to 45M shares now. 10 to 1 & it's 4.5M shares & $7M Market Cap - I don't think NASD would allow it
BK- lose their patents to loan holders - not going to happen
Going Private eoy - more likely then the 1st two
most likely - we see a buck for 10 days & then large shelf
could sell preferred stock, sell a large stake to a partner or even finally get some up front cash for doing some retros. I think Pat once threw around getting $25M up front from Praj, but remembering that, maybe I was high or if Pat really said that, he must've been.
We now have at least one of the high freq traders & likely a large banks dark pool in action. They can move it up very quickly with the freq trader doing the matches & pushing the majority of true sells in the dark pools that do not affect the NASD price
so next stop = $1.05 ..............or not
all sorts of games but very common to use the warrants to cover a short.
our serial shelf buyer will want to see the price move UP & re-short before the next shelf, most likely right after the test flight
the shelf buyer won't short & dump the conversion
more then likely they are having trouble covering a naked short. FINRA is voluntary & one excuse not to borrow shares is they have warrants to cover.
bet the warrant holder is using the shares to cover before a run up with the Alaskan Airline test.
kind of a win-win for the shelf buyer & gevo. the shelf buyer gets out of a jam & gevo gets $2.25M; while the shareholder gets the dilution.
after the test flight the shelf buyer strikes again
reduction in warrants amounts to a small shelf, putting their cash at 11M
R/S isn't a given, there is more criteria then is generally generalized in stock info sites.
NASD has to approve it & has a history of being tough before the 2008/09 meltdown to more lenient after.
GEVO can ask for a extension & that will be granted.
my gut feeling is we see a buck for 10 days before another shelf
test flight, barrage of pump stories, shelf
that is possible, also the preferred shares might be sold. they can make up almost anything they want with those. premium price, limited voting rights, immediate dividends etc.
praj or one of their other 'partners' seems more likely but of course, anything could happen.
if they try to sell a shelf before the Alaskan test, it will be devastating to share price but a stake or preferred share sell wouldn't have the damage & be a real sweetheart deal, at the same time, for the buyer
i'm guessing the shelf in about 30 days
with High Frequency Trading (very evident in GEVO) & dark pools they can move the price in any direction.
I think they will have trouble with the NASD doing the R/S replay & most likely our shelf buyer would like to keep the dilution machine going.
Wonder if they'll pump it up to a buck for 10 days & then let the Alaskan Airline test buyers buy into a short & then do a 10M shelf @ $.75
they got $1.2M pre-funded for the last shelf in Q1, so $2+M should come in Q2 on top of the $8.7M cash starting the 2ndQ
we'll be back under $.50, kept listing requirements & have enough cash to last to the 4Q dilution.
i'm raising my short term $.60 target to 1.05
in essence, they are now selling the power. They will need to provide the equipment & there will be no concern from the customer, if it is coming from refurbished or brand new equipment. The upside of course is they will not need to discount or sell it as long as it still functions but they will continue to profit from it for many years.
to increase 2010 employee stock plan
not thinking they deserve that
but the 'dump' will take several YEARS
last CC (could be wrong) they announced 4.5M to 3M burn for 2016
retro started 2015 4thQ, so some of the $5M is from back there.
I expect a $4.5M 1st Q burn
they said late shipments delayed 4th Q Texas plant sales & they will show up this Q
June they give up 1/3 of Colorado Lab space so I expect $500K less burn each consecutive Q
A. FINRA is self reporting, duh, without meaningful consequences for FTR
B. They are not out of money, hopefully EOQ $14M which is 4-5 Q burn
F. shelf buyer just covered unreported short