I see some stuff from 2012...is that what you're referring to? I see nothing about the company buying his shares. Regardless, that was 4 years ago. Water over the dam now. There obviously wasn't any merit to his claims.
Hill will remain a member of board of directors as well as an active and strategic advisor to VasoHealthcare. He was also 70 years old. Not surprising he retired. As far as the other stuff, if you can provide actual facts, and not just conjecture, that would be appreciated.
the fact some people believe PEIX is somehow tied to the price of crude shows how stupid the market is. PEIX should be trading on the price of ethanol (output) and corn (input). Crude has nothing to do with anything with this company. In fact, lower oil prices probably lead to increased demand for gasoline, which leads to increased demand for ethanol. Yet for some reason, the algorithms have this stock tied to oil.
Nobody follows this stock. If they keep reporting good results, the share price will follow. I don't get worried just because the share price goes down on a few thousand dollars traded. Has nothing to do with how the business is performing.
29 year old CEO who's daddy basically put him in the position....what could possibly go wrong? This company took on a bunch of leverage and now the economy is starting to turn against them. Will likely result in either more dilution to shareholders or bankruptcy.
would be interesting to know just how much $ "significantly exceeded" means. Reason for the slow growth/margin compression the last few quarters has been due to the ACH decline. At least we know that won't be an issue in the 4Q report. They need to get back to the point where they're reporting quarters of about $500k in net-income (GAAP) and around $1m in adjusted non-GAAP. 4Q has a good shot at getting there, in which case the stock price is severely undervalued at these levels.
actually, liabilities are closer to $20m since there is $10m in accounts payable and $0 in accounts receivable. So net cash is actually closer to $22m, not $31m. So the stock is probably trading right at cash right now.
not quite that high...assuming 10 million cash burn they'd have $41.2m in cash and $9.9m in debt, so $31.3 net. Divided by 13.73m shares is $2.28 in cash. Problem is, even if they stopped operations today, how much more cash would burn off in winding down the business (severance, leases, lawyers, etc). And most of the time these companies will drag their feet to keep collecting salaries. Seems like a lot of risk to get maybe $0.30-0.40 of upside, in a best case scenario.
Better to buy when the market has bottomed. If PERI would trade for just 1x revenue, the stock would be over $5 a share. And the advertising space is getting "rocked" because it's switching over to mobile. Which is right in Perion's wheelhouse. Not to mention mobile is 75% of Undertone's revenue. PERI was one of the first movers to the mobile side, now they're in front while everybody else is playing catch up.
Sentiment: Strong Buy