that shut down the ammonia synthesis loop and the UAN plant for a total of nine days in LATE MAY and early June and damaged the catalyst used in the production of ammonia," Kelley said.
Management must be a bunch of clowns. CVR Energy announces an offering on May 21, it closes on May 28 and nothing is said until now about downtime and damage to catalyst??? They are begging for a lawsuit.
You are right. I guess I did not catch the distinction between a secondary and a follow-on offering. Lesson learned.
Mgmt has a business to run so that should be the focus, not manipulating the stock price. However, if any of the managers feel that shares are undervalued, they can always buy some shares on the open mkt with their own money.
**Yawn** You are super boring. Do you think Dundee wasn't aware of the effect of the pog on profit margins? It is very unusual to see this after a financing deal.
Huh? Everyone already knows the pog moves gold stocks. I am talking financing. Dundee and friends got a discount at 10.75. And then the stock drops a now 35% in just 17 days?!? Never seen it.
That is remarkable. In the years I have been trading, I do not think I have ever seen that before.
Change my tune. Looking at chart and book value and recent infusion of cash, could see this going to 1.60.
Just for comparison with today's valuation. Btw, I annualized cash flow from Q4 not the previous 12 months.
Went through $11 million in Q1, and only had 5.7 million on March 31. Running on fumes. Will have to announce financing shortly I would assume on unfavorable terms.