I think maybe he got your Rx confused ... you need to go back on Lithium or whatever they are prescribing these days for Bi-Polar disorder.
... still talking your "short" position .... take your profits now and go long. Quality people do not willingly walk on to a sinking ship both Ross and Baker are quality management hires - they are wasting no time to bilge out the fat and trim the sales and get this company back in the race .... turn-a-rounds are never easy. Velt will be a much better company once they get through the "fog of doing what must be done" ... if you have no faith - then be gone from this board.
Looks like there were a few large buyers and/or shorts wanting to cover at $2.15. Market Makers simply "walked" the price down to where they met at the alter and shares crossed. This is how the markets work folks - the market makers take the price to where the largest number of shares will change hands ... you have short covering and longs all wanting to get the best price .... often times they rely on computer algos to crunch the numbers using Level II and Level III pricing.
The shelf-offering has the appearance of containing "poison-pill" language that would make for a very expensive unsolicited and/or hostile takeover/tender offer by an outside party. At GEVO's current market cap DuPont or anyone else could easily make an unsolicited offer for the outstanding stock valuing the company for much less than GEVO's executive board believes it is worth. By issuing a "shelf registration" it forces a hostile suitor to pay up. Again, this is just my opinion ... other thoughts are welcome.
The Groober "sleight of hand show on the CC" was unconvincing ... analysts asked some real soft ball bozo questions ... new target P/S will come down to $2.00. from $6.00 ...
At $2.00 share the company is still grossly undervalued - management has moved quickly taking steps to turn VELT around and create a runway for rapid improvement in cash-flow and a return to profitability. We upgrade from neutral to "BUY" for our more aggressive investors.
so ... if Sinovel is broke, who would pay any fines, levies, or restitution ... you don't think China is gonna pony up for a rogue company's actions ? Here is a State that is perfectly OK with stealing military plans from the pentagon you think they care about a little #$%$ ant American company that can't keep one of its employees loyal to the company ? Look for nothing - expect nothing - there is no justice when it comes to Chinese courts.
The market is frequently wrong as are the analysts - just because some pencil-neck analyst at Raymond James downgraded the coal sector doesn't mean he is right and everyone should sell ... I follow these jerks and they are frequently wrong. Either they are too late (as in why weren't they making the down grade call when WLT as trading at $120/share) or they are too early. They loved NVDA for a long while above $15/share and it's gone nowhere in 3 years. Who makes money when you sell for a loss? Everyone who sold today booked a substantial loss. So who made money ...? Your broker that's who. They played your fear like a fiddle. When this train takes off again will they leave you at the station or tell you to get on board ? When you were selling today, who was buying? So who is the stupid one ? Only time will tell.
So please raise your hand if you have a gain in this stock .... please raise both hands if you have an unrealized loss in this stock ..... gee, I see lots of people with both hands in the air.
The more money you have the longer you can tie-up your opponents in court .... in hopes of bleeding them dry .... how much is DuPont gonna spend in legal and court fees to protect a multi-billion market from being handed over to a small competitor with a market cap of less than $100million ?- The answer is : "plenty" . It's not about winning - it's about buying time for DuPont. Now, if DuPont loses and has to pay compensatory damages then they may look to settle ... if GEVO thinks they can collect they will press on for excess damages (the cost of lost opportunity) as well as a clean win on the patent dispute. Without Total and Cargill 's backing GEVO would be toast.
Now that lawsuit matter is settled in GEVO's favor look for analysts to upgrade GEVO to strong BUY. They could come as early as tomorrow morning ... $3/share should be a soft layup from here.
Nice ... we should see a nice run-up into the close .... all gaps on the way back up have been closed - just a few weeks a go GEVO hit $2.70/share before any conclusive news came out ... they MMs dropped her all the way down to 1.88 just for kicks ... this is why GEVO sports a 4 plus BETA ... it's all about riding the VOL Baby.
The train just left you at the station because you wouldn't come up with the extra penny ... you standing there with your #$%$ in your hand grumbling over a penny .... ceeyasucka !
Also examine GEVO's share price on that day ... now look at the salaries these folks pay themselves ... now look at the amount of revenue GEVO has generated during the last 12 months ... now look at how much money they have spent in court ... now look at the number of outstanding shares that are short the stock ... now look at how the shares trade on good news ... now look at how many secondary and debt offerings they have done at much higher prices ... now look at how many shares the company has re-purchased and finally look at how much money they are projected to lose during the next 2 years and the fact that they have not announced a date for the restart of the Luverne plant. They continue to dance a jig and raise their glasses high over a recent court decision yet ignore the fact that all these other headwinds are staring them in the face and they still have more court battles ahead, yet egregiously reward themselves ahead of shareholders.
I usually like to take my morning dumps in the while doing a crossword puzzle after I've had a bran muffin and some prunes ...
The shorts will let you know when they are done feasting on the VELT carcass .... right now they are like an 8 ton elephant sitting on 40% of the shares .... longs are being suffocated and weak hands are dropping their shares like dead flies.
Sir Richard just sold his stake in Virgin Media Wireless to Liberty Media (John Malone). He is flush with new cash. He is a big time "tree hugger" and GEVO's success would mean a huge feather in his cap. He also owns Virgin Air and I am sure he would love to be flying those big ole airplanes using isobutanol instead of oil based jet fuel. Branson is a highly focused and intensely competitive individual who is accustomed to getting what he wants. I would not bet against him.