They will become a US reporting company 1-1-2014. At that time they will report S-3 and S-4 filings as I understand.
Good catch. Been watching this since Superom 12-9 roadshow. I agree that now any liquidity issue is abated and all system go. May even add o already overweight position. This could go multiples higher.
Sentiment: Strong Buy
And filed roadshow documents on 12/9. Looks like the deal is close. Could explain the high volume run up at the open Tuesday. Good luck longs.
SuperCom filed the F1 12/9 for their secondary. They need the money to pay OTI the 10 million for the smart ID division. OTI needs the money to fund their plans. Based on this it appears the deal will get done. Someone got wind of this and did a major purchase this am. You can see the Supercom filings at free Edgar sec site. good luck.
Attention longs. Clarstone seems very biased to the negative. Could be plant-short feeder possibly the guy from piper's nephew or something like that. May consider putting on ignore. I did.
Piper is reporting that many people lose lots of money listening to their analysts and could wind up destitute. LOL!!
He has been wrong all along. Where is his credibility? He is not the first analyst who has chased a wrong opinion on SGEN and probably not the last. Sometimes these guys get in to deep and then proceed to bury themselves as they hang on to anything they possibly can. It is hard to admit mistakes and start all over. Human nature.
Meanwhile back at the ranch, the Bakers who hold seat on board, are buying hand over fist again. Who should we give more credibility to? A board member with direct knowledge who owns large stake and who just bought substantial amount more. Or an analyst who had a low price target since 2012 and has been wrong all along? Bakers get my vote.
Thanks. Where is the "investor hub website"? Can't find it and want to see video. Thanks again.
Agreed 7 cents non-gaap vs 1 cent estimate on huge sales beat. If they can earn 40-50 cents annually the stock should go much higher.