have you listened to the conference call?
I understood most of G&A increase due to a facility in Nevada that they are not even operating.
I agree I was expecting better results based upon management comments from last quarter , but, low oil prices are a real challenge.
Did any else listen?
I thought management did a good job. More Analyst questions than I originally expected.
my bottom line: estimated EDITDA for 2015 supports current price $3.00 to $3.50. if oil prices move up earnings should increase.
Regarding the various refinancing: I was surprised that Goldman Sachs could take such a big cut. Cash flow must have been a factor
good to see continued positive price action. Hopefully a new trading area of $7.10 to $7.50 will be set.
I did not tender my shares. I have bought and sold this stock several times over the years. I do not understand the volume or price action today. I can't believe everybody just woke up to the fact that there may be some risks to holding this stock after the tender.
Deal supposed to close by 7/31 so why the large price action drop this morning?
I cannot find any news.
I realize they may only be a few retail investors left in this.
I have found the volume/price action for the last month to be puzzling too. Yours is a good explanation but I can't believe that many shares were short.
I guess investors have other opportunities for the funds.
I am voting NO. I agree with bornheimerj about the sale terms.
I still do not understand the current price action.
After watching the price action for the past few days, it appears to be that one of the large players (quessing Petroflow) may be buying shares on the open market. It appears the goal could be to secure a positive vote.
Any retail investors left that read this board?
Is the other board still active?
Any thoughts on the current price so close to buyout price when the time frames are still unknown?
At current buyout offer there is obviously no arbitrage left, so does the price anticipate a higher offer?
what is wrong with his posts?
especially on this thread. He doesn't need me to defend him but what exactly does your inquiring mind need to know?
It appears the large and rapid price drop resulting in the significant spread is such that management has a obligation to address the stockholders and public. The explanation of the internal control weakness and corrections do not appear to be the cause of this drop. Is it the result of some other "material" knowledge?
I haven't read all of the documents. Has EQU board and management offered an opinion that Petroflow has the financial resources to complete the purchase?