steve--A long time ago I tried arguing this. However, AMSC has racked up billions in accumulated losses for shareholders. Years ago I pointed out to Lafeet over $300 million in accumulated losses, and he brushed me off and said it'll change and be hugely profitable. Well, it's now over $833 million in accumulated losses--not to mention over a billion in shareholder value gone poof!--and the business is in shambles now clinging precariously by a hair like a dingle-berry from moose in winter.
While the patent portfolio would be beneficial in capable hands, AMSC has proven itself incapable in ANY form. It's had decades of free-money grants, dotcom anything go days of boom at its back, etc. and simply...it squandered it all. Even the former CEO fled the building with nice departing gifts and to squealing getaway tires. Directors plundered this company, too, with huge dubious stock grants years ago.
Anyway, this company would be best shopped out of a bankruptcy dumpster. If it were worth buying for intellectual property and it was a good deal/idea, Buffett would own it vs. Kevin Douglas drowning in it at $30+.
So while the stock price will probably fall under $1 and eventually become delisted, even GM traded a long time at $.90 and eventually bagholders that held out to the bitter end got $0. A bitter ZERO. I've seen Fraud St. put candy coatings on all kinds of turds right up until lights-out day. Typically it's no more than $.05-$.20/share.
meant to type "not a going concern" as evidenced by auditor's qualified opinion. Snipped from most recent SEC filing 10K (last audit):
"We have experienced recurring operating losses and recurring negative cash flows from operations which raise substantial doubt about our ability to continue as a going concern. This substantial doubt has resulted in a qualified opinion from our auditors with an explanatory paragraph regarding our ability to continue as a going concern. We believe this opinion may have an adverse effect on our customer and supplier relationships.
Our relationships with our customers and suppliers are predicated on the belief that we will continue as a going concern. Our customers, particularly in the utility industry, are generally risk averse and may not enter into sales contracts with us if there is uncertainty regarding our ability to continue operating through the term of our warranty obligation. This may have an adverse effect on our ability to grow our revenues, which is a key component of our plan to continue as a going concern. Current and future suppliers may be less likely to grant us credit, resulting in a negative impact on our working capital and cash flows. While management has developed plans to continue to operate as a going concern, in the event such adverse consequences should occur, we cannot provide assurance that we will successfully execute these plans."
barry, arch et all
Honestly, I'm not spending any time analyzing this deal or anything AMSC. My superficial "insight" is the convert holders initially were looking to make a lot of money giving AMSC "free" money in exchange for shorting the ca-rap out of the stock up and down while dreaming over a pile of lottery scratch-tickets in the form of waiting for some act of God to force Sinovel to pay it billions for a theft that I believe AMSC enabled to happen. I still assert it didn't safeguard adequately its crown jewel source code/intellectual property. Regardless, the convert holders held a high-stakes, all-in bet on some settlement would happen. Well, it wants it's money back because as the limit of this case approaches infinity, the value of it's "Vegas-size bet" equals ZERO. Years later, and Sinovel now facing serious credit issues, well, CVI is sweating bullets it's going to get nothing for its $25 million because the 15% cushion we've seen can disappear overnight.
So, me thinks CVI said we want our shares now. The price got pumped, they shorted heavily into it and now they want their 6 million+ shares to cover and be gone. That's what I see. Regardless, it's not worth a moment more of thought nor betting either way.
As far as AMSC lasting more than a year? At this point, even the auditors agree with me and see at as a going concern. They've already issued the opinion. Legal costs will continue to rise and business flounder. No one wants to own anything from a failed company/business plan. In another year you might just own a bunch of obsolete junk. But yeah, who knows. I don't see anything positive regardless. At $43 I was right and looking at the rubble at $1 I haven't wavered in my opinion. Otherwise, if I felt differently, I'd own the stock. As for Douglas? He's not touching the stock at $1.80. All I can say is maybe he wants others to have exclusive rights to BAILING OUT his dead wrong mess. He's got turd droppings everywhere.
Forget it, rider. jda254 has no links. Sounds like more harassment and attempts at disparaging my comments, name and add to the list spreading lies. Thanks for highlighting this.
Yahoo will get his id next. Seems no one is interested in banter with his senselessness so I'm not so concerned. Besides, the ignore feature works just as its designed and the Yahoo team who contacted me is doing a WONDERFUL job of taking my complaints very seriously. If he or any of his other ids keep it up bothering you, I can pm you an email address at Yahoo, and they'll take care of his id almost instantly.
I really don't care if he rants all day. It's the price we pay for free speech I suppose. But when it gets defamatory and/or libelous (like is sounds he's getting), I'll nip that right in the bud and contact the yahoo team myself. You don't need to fight my problem. As a business owner, I take my work very seriously, and I won't have my name, id, brand or otherwise reputation slandered, defamed, libeled, etc. However, because I have him on ignore, if you think his comments are detrimental to my id, please let me know. I'd really appreciate it. Otherwise, I'm not pulling red/yellow cards as it's not personal or at my company. We're here to have fun but also need to follow Yahoo's terms of service. It's their house. - BFG
What happened to joebigbuck? Price falls below $12 and he sold/quit already? Still waiting for his final response. Very little discussion on this board which again proves: no interest in AFLOP. No support. Chart has avoid/downtrend written all over it. I guess people finally get it now.
It seems jda254 is another one of allarndproducts' ids. I just wish I put him on ignore earlier. It's not worth arguing with people that have nothing to discuss--repetitive or otherwise. He's the epitome of....
Repetitive, uninvited advances, attacks, or posts, or content otherwise posted to harass others.
Yahoo will take care of his id soon enough. Just ignore him. I recommend this to any of the real posters bullish or bearish on this board. Like I said, I have nothing to sell you. If you're long and make money great. If you're short and make money, great. If you're not losing money by avoiding the stock, great. If you're listening to my recommendations and making/saving a lot of money, thank me. :)
Anyway, thanks for the nice comments on the other boards. Good luck, rider.
Weather related correction? Bwhahhaahhahaha!! How come TSLA soared to new highs? How come CLFD shot up from $17 (recommended) to $26 (my target) in those 2 months? I guess weather doesn't affect CLFD based in frost-free, sunny Minnesota, eh? So is this what excuse Fraud St. fed you? lol Pa-lease. The only thing that caused shorts any trouble was the announcement of the convert deal. Like I said, you always get a serious pump after any convert deal. I don't know one in the history of my experience without the convert-pump. But after it comes the dump and the convert short sellers hounding and pounding the shares. You're just getting a taste of it now and it's why FNSR is going nowhere. It's oscillating without any price improvement--textbook action--and short interest is rising. That's what I'm talking about.
On a side note, AFOP collapsed from $24 to $11 and other than the bogus, 1-analyst consensus miss, the excuse was Q4 seasonal slowness exacerbated a bit more "this year only" due to timing of Chinese New Year. Bwhahhahaahaha!! Same sheet different pile. The bottom-line is AFOP earned $.26 eps in Q4 vs. $.31 in 2012. But in 2012, it had a one-time tax benefit. Back out this and eps was only $.11. The sole moronic analyst for AFOP miscalculated the tax rate (used 0%) and this is why AFOP was under his "guess." Regardless, the stock was planned and doomed regardless. I spelled it out and won't go into detail. Big money did exactly what I said would happen.
Wallis, I'm confident you're going to get your hat handed to you. I'm betting against FNSR, and I'm not going away. Then again, I could only dream of FNSR making a final dash for $30 or $40 like AMSC did a few years back. I'll still be here (and far more profitable, if it does) to remind you repeatedly it's doomed until it hits at least $10 or lower. Btw, AMSC is $1+ now and likely going BK in 2014. Even its recent converts want out and just converted to 6+ million shares to dump.
Do you just mindlessly bash anyone that disagrees with you, or do you just not read your own writing? I answered your question....
"Exactly who do you think has disappeared, Fatty?"
Probably I should just retire in infamy. It's just too easy to predict anymore...
Headlines: STOCKS CRATER: Worst Day In Month For DOW...
AFOP has had 35 CONSECUTIVE quarters of profitability, plus FYs 2012 and 2013 were consecutive RECORD years in earnings and revenue. 2013 was mindblowing growth. It's p/e ratio is now 13 and got as high as 18-ish (?) near 52wk high of $23.94. Then it just collapsed from $24 to $11 in 2-months.
FNSR has a p/e ratio over 40 and has over $1.5 billion in accumulated losses. Insiders and big institutions continue dumping shares into any strength. And as I noted, the same institutions that dumped AFOP are the same ones selling FNSR. And if that's not enough, the coverts are going to hound and pound FNSR. Mark my words.
It's another bogus Fiber Boom 2.0 to Nowhere just like in 2000. Just look at AFOP in a DOWN-trend. If this were a real cycle, AFOP wouldn't collapse 50% in 2-month and trade with a 13 pe ratio when it has 90% growth rates in revenue and even higher rate for eps. Clearly it's no new emerging cycle, it's a down-trend. Fraud St. is just hyping anything it can to find any Johnny-come-lately foolish enough to buy this ponzi junk.
allarndproducts is gone. He was a big cheerleader for AFOP until it tanked 50%. Then again he's no stranger to losses or ignoring prudent recommendations. I warned him the last time AFOP hit $20 before it fell to $7. Anyway, I just started covering FNSR. Probably won't be for long once it tanks like AMSC.
Anyway, allarndproducts no longer posts to FNSR like he used to. Then again with all his IDs he probably gets confused. Unfortunately, he harassed the wrong guy. He'll serve as a good warning to others not to mess with the straight shooting Ace of Spades (aka DoD).
Yes, the pumpers will be wrong. It's amazing all of the sudden I see all the pumping ids are gone. I guess they don't want to be here when the stock tanks 23% in one day like AFOP just did--not to mention the entire 50% drop in 2 months. Ironically, it fell 50% on great earnings. Even I admit AFOP's results shouldn't be shorted on the face, but given the depth of knowledge and experience I share with the boards, well, it had to be done. We know who won there and always wins = BFG.
Btw, did you buy my rec CLFD at $17 with target $26? Dead-on, eh? Now, all the fibers have lost comms and are falling back to earth--even CLFD pulling-back.
What a bunch of hooey this Fiber Boom 2.0 to Nowhere. It's what I'm calling it anyway. AFOP's IPO marked the beginning and end of the last "Fiber Boom" adding the dotcom crash carnage in Nov 2000. Ironically this bogus fiber boom 2.0 is ending just as fast--before it begins. AFOP's IPO and recent high conveniently mark the tops. History repeats.
more pump-n-dump. It'll be right back down under $12. The bulls just can't resist hoping for nothing. All the negative news points to lower--not higher. In fact, the chart COLLAPSING from $24 to $11 points lower. It's called a down-trend. AFOP marked the end of this bubble just like it marked the end of the Dotcom bubble in Nov 2000 with a DISASTROUS IPO at $11 and crater to $1. History repeats.
Won't matter what AFLOP's Q1 earnings are. Markets correcting big like I warned. Holders will continue selling into any strength and the next two quarters will go by uneventful. Then comps will have caught up and AFOP's growth rate will be next to nothing and the stock will look like the typical AFLOP loser it's been. The failure of the "emerging new fiber boom" will be bust before it ever began and the blame will be Ukraine or some other macro excuse. It'll never be the stock was simply pumped and dumped just like the last 8 times in AFLOP's failed IPO history. This is AFLOP's history and the facts. Just look at the charts and remember both big institutions dumped massive shares last year. Insiders dumped over $18 million worth while diluting the stock 7% in 10-months. EVPS sold 60% of holdings and CFO dumped 73%.
There is ZERO confidence in AFLOP's future from insiders' or former big institutional holders. They've already demonstrated this by dumping/selling-out. All that remains is for the "bad news" to catch up just like I've said since $24 on down. This is AFLOP and only one guy knows it this well.
aka The Dealer of Death. So abandon all hope, Finasuckers. This stock is going down just like I said AMSC would. While I don't see FNSR going bankrupt like AMSC, FNSR is a TERRIBLE investment: over $1.5 billion in losses = failed business plan. Insiders dumping into a 40 pe ratio! lol
The stock isn't worth a penny above $5/share. Give it time to make this adjustment.
Bwahhaahhhahaaa! FNSR tanked 1% again today so far. Look at AFOP. That dropped 50% since I said sell it a few months ago. FNSR issued converts and those get a big pump before MASSIVE dump. Then the shorts hound and pound the stock to nasty lows. Mark the post and be patient. Just ask the folks over on the AMSC board who the real shot-caller is. I told the pumpers on that board that was going $43 to $8 and then to bankrupt. It's $1.82 now.
Slowly stalking and encircling the bulls. They're going to get eaten alive, fatty. Nice call (again).
Q3 2013 they all dumped right into strong demand and solid earnings like I said they would. I warned the bad news would follow...always does.
First it had the miss in Q4 which wasn't a miss just spun that way. The only Fraud St. idiot following the stock is a complete failure. As for the facts, the stock actually blew-away Q4 2012 eps of $.11 once you remove the one-time tax benefit. Furthermore, the ridiculous, bogus "miss" was only $.05 eps or $.05 times 18.3 million shares = $941,000. AFOP has fallen from its under-valued $23.94 high to $11.87 (now). That's a $12.07 collapse (-51%) or a drop in market cap of over $220 million. Sure makes perfect sense: miss by less than $1 million in one quarter and the stock tanks over $220 million in value.
So the stock's drop has really nothing to do with missing or shorts naked-shorting it to death like all the conspiracy theory pumpers, hucksters and shills on this board hyping the stock from $24 to $11. Nope. This was a planned and coordinated pump-n-dump. The largest so far in AFOP's history save the IPO that was the original massive failure and flop.
Now, just like I predicted AFLOP is using any and all bad new from Ukraine to whatever to further erode, decay and drop the stock price even lower. This is the AFLOP I know. Its heinous lows NEVER cease to amaze me which is why you stay the fork away from this ca-rap bag. Insiders dumped massive shares last year for many reasons but they know that was as good as it gets and they don't believe in any "emerging fiber boom" themselves. Either do the big institutions that pumped and dumped as we know.
Avoid the Fiber Boom to Nowhere 2.0 and especially AFLOP.
Liar. And liar. My losses don't keep adding up, guy. It's your lame, over-valued, over-pumped over-hyped junk in the Fiber Boom 2.0 to Nowhere that's not adding nor going up.
Look at the scoreboard. Ever since Q3 this has gone nowhere. It's lower than after Q3's results. It's still under where I said short it, and it's RED today.
Nasdaq up .5% and this junk is down .5%. Sorry, wallie, it's you that's losing your shirt. But keep pumping. Pumping helped AFOP go from $23 to $11. There's no volume and no interest in FNSR. All stick and no carrot. See you at $5.