Any one have info on where the coupon case stands trial date etc. after reading the response from coupons it seemed that they were not defending the use of DSS technolgy but some of the other charges... from a PI perspective it appears this is money in the bank for DSS just a matter of how much and if the other allegations stick more $$$. I am surprised that they launched an IPO in the middle of this process and stated that no reserves had been set aside as they felt confident with their defense... yet when reading their defense they never contested or denied the fact they were using DSS software without paying a fee....
hey visx this is another site you will like shortvolume google it.... it shows the volume of short trades made each day... it does capture only reprted trades so total volume doesn match but it gives a great sense of the attack you are speaking about
some info on pricing... yes natgas reserves are at record lows currently... it is expected that natgas supplies to ramp up between now and summer (to get through the AC usage period) this ramp up will continue throughout the summer months which is expected to replenish inventory to carry Natgas users through the winter months... perhaps this happens or perhpas this doesnt happen... who knows.... well (no pun intended) the CEO of a large gas and oil producer claims they need Natgas prices above $5 to make the gas play viable, they have stated they will continue to move to increase oil production and continue to minimize gas production... he has also stated the gas production business has been a feast or famine scenario for many years now KWK has been a victim of such a scenario.... my opinion only.. this may be causing some issues with HRB and securing a large partner.... one thing that does look clear is some of the larger diverse oil and gas producer maybe divesting themselves from the gas play which in the short term could be problematic for KWK (these players will look to monitize these assets competing for partners and out right sales of these assets)
Visx... you do have to admit this is not the shorts/bashers alone... if that were the case we would see others jumping in at $5 (which seemed like a good deal) then $4 (which looks like an even better deal) and now under $4 which should be a steal but nothing.... looked like an investor dumped 300K plus shares... the stock price is behaving now like another secondary is coming.... the stock never recovered from JD's stock sale it has been down hill from there... nothing now makes sense... why not start covering a short position now at these prices but that is not happening... anyone have any idea if they burned through a lot of cash last Q and again this Q... Any idea when next issue of stock to management is? When mgmnt receives option they like the price low because they get more shares.. they like price high when these shares vest... any idea on the cycle... why is mgmt quiet... i have seen other companies go through this and recycle old news just to keep in the headlines... i must say i am stumped at seeing a company with good technolgy and a great adoption rate with banks/credit unions etc..... it is no easy task getting products into the banking system... doesn t make any sense but at the same time this is falling so fast and hard i wont buy until i can see support... my best guess is another secondary i have no other explaination
Wow... what has happened here.... JD selling off shares again?.... this has dropped like a rock over the past few weeks.... the begining of March this was over $5.... it looks like another secondary offering in the works... any thoughts.... short position only incresed 60,000 shares from begining of March to middle of the month
Hey Kem... i am seeing a clasic retrace back to 1.95... with a support level between 2 and 2.15 to break through to get there
I agree with you 100% he needs to go fishing and leave KWK. He has destroyed and continues down this destructive path... i expect to see a secondary come at at the $2.25 price and the stock is heading to that mark..... What could Glen do? well doing nothing isn't working... A smart CEO would have and should be playing up the Progress Energy deal with Talisman... this was a $1.5 billion deal for 75% of course this still would not be enough to clear the debt notes and hence the required a secondary they have mentioned after the deal, I also wonder if Progress Energy was one and perhaps the only one with real interest in the site and opted for a deal with Talisman instead of KWK... the timing of that deal was Nov13...mmm fits right into the intial timeline and this announcement was made just a few days after KWK reported earnings on Nov 5. It makes me wonder if the big fish got away and they are now back to square one again. Glen has done no favors for the shareholders. As for NG, this is truly a debate that will take some time to play out. I think everyone agrees that NG could be a fuel of the future the big problem is price stability. As long as the "free market" dictates price, wild swings will occur, it will swing from large volume production and low NG prices to low volume production and high NG prices..... not an environment for low risk tolerant companies and suppliers. As for Japan conversion to NG, it is silly to think North America is the only play for them, they are looking and investing all over the world. Some here talk about it being good that Glen is taking his time and not giving away the frm so to speak but KWK is dying a slow death and each day that goes by without a deal puts them one step closer to having to make a deal in order to survive. I see a mid $1 stock price again if indeed a secondary is issued at $2.25.... more down side now then upside for the short and medium term.
I have listened to many earnings calls in my time.... that was the second worst i have ever heard, why even bother, when you evaid questions... i dont think anyone was asking them to "negotiate the deal" in a public forum... everyone wants to know where we stand and when we can expect something... i dont blame anyone who dumps this... by the way the worst call i have heard omitted income tax from their earnings and restated the following day... that company filed for banckruptcy
This will go nowhere... every time they open their month the stock price goes down.... lots of secrecy around the large deal at HRB... my sense a deal is no where in sight
I dont like the lack of transparency mgmt is not doing anything but BS analyst on the HRB deal... who does darden think owns this company... i want him out.... shareholders deserve better than this.... they already missed there 2013 timeline and continue to stonewall direct answers about HRB....I am out i dont invest in tier three managemnt teams
Hey Kem...nothing to detailed but i gave them an uplift in valuation which brings the share value to 4.50 current float.... dilution by 50% due to the small dollar amount in the secondary which dilutes the 4.50 share price by 50% due to issuing a large secondary which takes the new share price back to 2.25... this of course is without a HR JV deal. If i recall the company was targeting an $8 secondary but that was based on an HR deal in place
B.. i have mentioned this before, i never get myself into a position to lose money on a stock...never, never, never.... this was based on advice from someone who made a ton of money in the markets.... you minimize exposure to losses and take your gains when in hand... if you sell now (which i am not suggesting as you have to decide) and the stock continues its downward spiral you end up in a good position, you can reenter the stock once the trend reverses and buy even more shares at the lower price... if this is the bottom and you sell, the stock heads higher you can reenter at a higher prices and need to think of those missed gains as insurance against your position..... If you do nothing and wait and see it looks like a 60 40 gamble to me at this stage since the trend is in favor of more downward pressure.... i have been doing this for a long time and my wealth changed in a positive way as soon as i began minimizing/eliminating losses... i never average down, i never try to figure out a bottom or a top for that matter... good luck
So true.... i sold out my shares over the last 3 days... stops for longs is set at 2.61 if the price hits that trigger this is back to the low 2's... shorting activity was non factor yesterday, yet the stock tanked again. I thonk Kem is right this is behaving like a secondary is on the way... price seems to be still volitile and the availablility of shares to short is growing so i beleive the shorts may take on the longs stop loss price and try to drive the stock down to the low 2's.... also concerned without a HR deal the company is bleeding cash with interest payments exceeding 40 mil per quarter... if no HRB deal soon a secondary will be required just to support the HRB project and then that wont address the 2 billion in debt.... technicals right now are a complete wreck, this being a quarter end mutual funds could be moving money around as well... i have decided to sit on the side lines and see if the price moves downward to test the stops for longs... if not and support builds i will jump back in albeit with a much smaller position... good luck laddies
Thanks all for sharing your thoughts.... to my knowledge KWK management has not updated it shareholders with the Q4 drilling program they announced durring their Q3 call, most orgs will do so and make a big deal of it.... the announced sale included a number of uses for these dollars, reminds me of people and tax refunds.... going to buy this and that and pay down my bills but the check doesn't cover all on the wish list.... just saying. I think the HR JV is still a long way out and when you have 40 to 50 million in interest charges every quarter, that is going to consume your earnings especially on a shrinking revenue base. There are a number of other areas within the world competing for the Japan sale. As of now without a deal or more cash KWK does not have the resources to develop HRB in a major way. It has been a year in the making and still nothing... Q3 was a miss on production numbers for various reasons. I say this is to risky and to dependant on one pony at least for me right now. Now talk cash flow, KWK has been operating with a negative cash flow for many quarters and the odd quarter with a positive cash flow is the direct result of a one time sale as we saw the other day or an increase in financing.... this is a train wreck with dwindling revenue which is accelerating compared to there interest charges... How many years back to you have to go to find a quarter that generated a positive cash flow from operations?
This my opinion.... lots out here waiting for the BIG announcement on HRB thinking this is going to save the day... no deal to date and no updates... last was the field was narrowed.... the question becomes what if no deal every comes or the deal becomes a steel due to desperation... the clock is ticking and yet nothing... i beleive the recent deal has investors now rattled as that deal came from out of no where... not much cash for an operational field generating earnings so must be seen as a dire need of cash.... i have believed all a long shorts have been waiting out the need for a secondary and i am now more than ever convinced that a secondary will come before any HR JV announcement. NG prices falling, KWK getting desperate for cash hence the need for secondary sooner than later.... i believe we all agree a secondary ws going to be needed but the hope was after HR deal and a secondary at $8.... i beleive a secondary is in the works now and will be issued at $2.25.... shorts look poised to win this battle... as a result i unload my 100,000 shares over the past 3 sessions securing some profit. I will continue to follow and if technicals seem to indcate some strength i will jump back in. to many winning stocks out there to sit and watch my money evaporate... good luck to you longs, i had wished for a better outcome