Gadea Group President, Gerardo Gutierrez, announced Monday in Leon that the position of the company, along with the U.S. and Germany's Wacker Metabolix assume the "living dead" which is currently Antibiotics.
Gutierrez explained that the process will be a "short term" or otherwise, shall not be carried out the operation. Yes, he assured that he will not negotiate a purchase, so we expect to finalize the process of creditors in which the factory is immersed to carry out the acquisition.
Gadea Group President noted that initially will have about 240 workers, of the existing staff of nearly 300, and will not be made the "historical productions" that developed on the ground of Leon, but new projects will be implemented.
The Press Club will host LION'S DIARY next Monday a roundtable on Antibiotics, starting at 8pm. Under the title "An alternative future for Lion", the event will be attended by President of Gadea, Gerardo Gutierrez, who unveiled his project to revive plant León antibiotics.
At the roundtable, plus Gerardo Gutiérrez, José Ignacio Ronda participate, council president of Antibiotics, the CEO of Industry and Technological Innovation Board, Carlos Martín Tobalina, the council of Employment and Industrial Promotion Hall of Leon Angel Villa, the spokesman of the PSOE, José Antonio Díez, and UPL spokesman, Javier Chamorro.
In operation launched by the group Gadea, with the approval of the Board, American multinationals also come Metabolix and the German Wacker. The three groups would be willing to partner to take over the factory Leonesic each party could make projects and is conditioned by time, which is precisely what we do not have any of the three companies that would forge the operation, ferment in the Leon factory.
The date of May 15 is seen as key to the process. That day ended within four months of preconcurso in which Danielle Pucci has to the company and will have to decide if it is in liquidation, the fastest and desired to take forward the project Gadea, or go to bankruptcy, with what the deadlines would skyrocket
Senator Leon of the Socialist Party, Iban Garcia Blanco, reported Thursday that the PP has refused to admit an inquiry in which he urged the Industry Minister Jose Manuel Soria, to convene stakeholders to put solution to the labor dispute in Antibiotics.
Del Blanco has said in a press release that it is "delaying tactics" that "all they do is jeopardize the future" of the factory Leon by the lack of involvement of the Junta de Castilla y León and the Government of Spain.
Thus, they demanded the minister to head up a "quick fix" for a company like Antibiotics, "it has a future if the government is directly involved in finding a solution" after the "commitment" by the PSOE Leon with the works council.
The PSOE was stated that workers take up to five months without pay, even though the products made from local raw materials are exported "easily" and that there are "several companies interested in taking over from the current Plant owners have capitalized. "
To "turn around this situation," the PSOE considered "essential" that the Government and the Minister Soria "stop using absurd interpretations", as in the case of the question of Senator Leon "has not been declared admissible with the view that it is not allowed that address people ". "From the PSL reiterate that what is at stake is the future of many families, and we can not afford losing Leonese a hallmark of great international, as is For Antibiotics ".
Wow so nice of you to join yesterday to post a negative comment.. What exactly worries you. That we are going to be sued for having the stock climb from 1.07 to 2.50 in 3 months on a lack of news??
Don't exactly think anyone can sue claiming the executive team caused price appreciation which forced to me to have capital gains which in turn forced me to pay capital gain taxes.
Would be an interesting spin perhaps you should contact Korsinky and suggest it,,,,
unfortunately we failed more than enough times @ 2.39 not sure what we'll do frion here without very strong buying into the close. It's starting to look weak but you never know with this one asinle flurry can push us over 2.40 at the close
There's a bid for 5,000 @ 2.33 - not sure how real it is but its showing..
shorts today 43,631 out of 61595 ... relatively heavy
Soon these shorties will need to run for cover
Excellent News !!!!
When they had it as the most Under Valued we tanked.
yesterday the candlesticks presented us with a possible Sell , confirmed by a lower open a long black candlestick or a gao open with a close below the open.. Until a few minutes ago we were in the last confirmation pattern
As long as we stay above 2.27 we will deny teh sell its confirmation
SUMMARY: The Securities and Exchange Commission (“Commission”) is adopting
amendments to Regulation SHO under the Securities Exchange Act of 1934 (“Exchange Act”).
We are adopting a short sale-related circuit breaker that, if triggered, will impose a restriction on
the prices at which securities may be sold short (“short sale price test” or “short sale price test
restriction”). Specifically, the Rule requires that a trading center establish, maintain, and enforce
written policies and procedures reasonably designed to prevent the execution or display of a
short sale order of a covered security at a price that is less than or equal to the current national
best bid if the price of that covered security decreases by 10% or more from the covered
security’s closing price as determined by the listing market for the covered security as of the end
of regular trading hours on the prior day. In addition, the Rule requires that the trading center
establish, maintain, and enforce written policies and procedures reasonably designed to impose
this short sale price test restriction for the remainder of the day and the following day when a
national best bid for the covered security is calculated and disseminated on a current and
continuing basis by a plan processor pursuant to an effective national market system plan. We
believe it is appropriate at this time to adopt a short sale-related circuit breaker because, when
triggered, it will prevent short selling, including potentially manipulative or abusive short selling, from driving down further the price of a security that has already experienced a significant intraday price decline, and will facilitate the ability of long sellers to sell first upon such a decline.
This approach establishes a narrowly-tailored Rule that will target only those securities that are
experiencing significant intra-day price declines. We believe that addressing short selling in
connection with such declines in individual securities will help address erosion of investor
confidence in our markets generally.
In addition, we are amending Regulation SHO to provide that a broker-dealer may mark
certain qualifying sell orders “short exempt.” In particular, if the broker-dealer chooses to rely
on its own determination that it is submitting the short sale order to the trading center at a price
that is above the current national best bid at the time of submission or to rely on an exception
specified in the Rule, it must mark the order as “short exempt.” This “short exempt” marking
requirement will aid surveillance by self-regulatory organizations (“SROs”) and the Commission
for compliance with the provisions of Rule 201 of Regulation SHO.
I can't post the url because any posts with url's are blocked so do a google search with tehse key words
REG sho daily nasd - should be one of the first