Are you saying that at best, PR argument is the unamortized intangible assets should have been 652 million instead of 766 million?
I sold in the mid 4's and was then distracted by other trades and didn't look at this again until just now or I would have grabbed some at 3.40 in the AH.
Don't see how this doesn't go back into the mid 4's tomorrow and will try to get for under 3.50. Thinking and hoping people will be hesitant or scared until they see it moving higher and I'll be able to get them. As long as news doesn't come out, don't think it will be a problem.
Looks like you've got it backwards - it's PR that has to provide "indisputable material evidence" or they will be paying Doral every single penny it asks for and perhaps even more in the way of damages.
At least pay attention to the basics Marcus or you will not even be able to pass GO!
Congratulations to Marcus! Through your incredible DD, you have finally discovered what every other single person following Doral already knows! Of course Doral overstated its income, that's why regulators were on the case and Doral subsequently reduced income and is due tax refund! Which of course, PR government has stipulated its agreement to multiple times. For some reason you think reducing to the correct statement of income is fraud, shaking my head on that.
This is quite the fantasy, wherein correcting income is viewed by short posters as fraud. So, when you shorts intentionally overstate your own personal income, so that you can get a refund, can you tell me how that benefitted you?
Fortunately, I sold about 45% of my position before the settlement fell through but really should have sold all when Shapiro's press release came out. That was certainly a clue but hated the idea of missing out if the settlement had occurred.
Well, we will see what happens, I'd say there is at least an 80% chance this works out in Doral's favor but the outlier can always come up.
(I am going to now give your previous post a thumbs up as I see there is a current zeal by shorts to thumb up or down posts as if that really means anything. No matter, I'll give them a little extra thrill and make their day a tiny bit brighter by doing so!)
Who are you kidding, Marcus? You are desperately hoping - you are forcing me to bring up the fact that you are the margin man, not me, and admitted that you went nearly to the max on margin on DRL and got crushed when the settlement didn't happen! So, that 1% was a killer!
If you are not willing to chase DRL higher, you simply won't own it and that's that. You may still get lucky and get a .20 or .30 drop though, as that can always happen.
And I've got my shares already, not on margin. May or may not buy more, as do not want to oversize my position.
As for ISNS, I profited long on that and got out early, too early actually.
I think all on the board will have to agree that you nailed this one, congratulations for calling this one as you were 100% right.
Just looked at today's chart, they ran it up early to try to gain confidence but was met with non-stop selling all day long, closing at the low.
I see in the BPOP news they are being sued also - looks like next move is definitely down on that one.
I wondered that myself - why not pay a little extra to Drew and Co for them to put extra guys on this?
The kicker for me is how they have locked themselves out of buying shares at a time when being able to do that would take shares off the market and force short covering. After 20F comes out (if it ever does), they will be able to buy but it will be far less worthwhile to do so at that point.
MM are just taking longs and shorts lunch money on this one, keep this at 6.50 and collect the premium from both sides every week.
When big enough news hits, and to me that means 20F or confirmed buyout, this will move accordingly. Until then, MM will just keep giving everyone a spanking.
You desperately hoping isn't going to make it happen, but whatever, I know you are already down more than just about anyone here, you need an extremely low buy-in cost in hopes of making yourself whole, I get that part of it. But if you think DRL and DGLY have anything in common, I'm not sure what to really tell you.
Maria, even when you have someone on ignore (as I do you), there is a quick moment where you can see their post and in that moment I saw that you rushed in to try and defend your friend Marcus. Not sure of the detail of what you said and don't really care as I no longer waste time with you and your inane frustrated ramblings. But you have a good night now, OK?
Dream on Marcus, 4.62 wouldn't happen in a million years unless some kind of surprise bad news hits (in that case you might not want it anyway) and you will be extremely lucky to get 5.62 also. As soon as this starts to turn up, many who sold to chase other stocks like DGLY will rush back in so they don't miss out. I think tomorrow is your best chance and it will only get harder after that, not easier.
I don't know - I think too much water has gone under the bridge for an update to send this flying (and stick).
I was told in a roundabout way by Matt that the 20F would be completed well in advance of 11/15 (I was reading between the lines on that) so I would have to believe the word is somewhat out on that.
I agree that a buyout would be ridiculous if 20F is going to be more-or-less clean.
I still have some interest in NQ but all this stuff about guidance is useless, you know that. They have to come out with the 20F or actually be bought out - not much else is going to move this stock. If for no other reason than the MM are keeping this locked down and taking option premiums from both longs and shorts every month and pocketing them away.
It would be very timely if they were to have the 20F finished and can release tomorrow right before the conference starts, so you never know.
If not, I think they've got about six weeks before the market starts getting more nervous about the non-release.
Exactly my point - you said it yourself - "underreporting was never an issue".
The argument you are making isn't logical - the agreement wasn't made on the basis of the IO strips, it was on the unwinding of that accounting.
If that is PR's case, it probably gets thrown out and the judge renders a verdict favorable to Doral without even a trial.