first off all this has what to do with the common shares.
The company will restructure and re-issue shares and they may be worth something... the current shares well you can see what they are worth
I highly doubt that they raised 250 million in 2015, wouldn't normally nitpick but when its a bug like cb_ well why not
cb original post
TOPIC WORTH DISCUSSING .......
TOPIC WORTH DISCUSSING .......
instead of the useless dribble posted here daily .... Im going to post a real topic from time to time to see if this blog can actually produce some value...... Lets start with Molymet and drill down to the reality of what the largest insider may or may not do going forward:
Molymet largest insider currently owns over 45 million shares with cost basis just over $13.00.
Molymet raised $250 million cash Nov 2015
How much of the MCP convertible debt does Molymet own now?
What is Molymets main product line and how is that doing?
Molymet is a subsidiary of what group?
What is Molymets total investment in MCP?
What percentage of MCP does Molymet own and what limits have MCP put on owning more?
Why hasn't Molymet sold MCP shares?
Why would Molymet sell MCP investment now at current PPS levels?
what is MCP's current annual debt load and what percentage of that debt load is Molymets converts?
What will reducing annual debt load and debt payments do to book value, PPS or market caps?
With two MCP board members does Molymet run into any conflicts when trying to do whats best for MCP and or Molymet at same time if so what are they?
Molymet & MCP topics that may also apply ?
If BUGS, NAME CALLERS, TAUNTING of any kind try to #$%$ on this post I will delete them and repost all serious posters only
it will be once the debt is dismissed, the current common shares retired and new shares are issued, as I have mentioned before look at how GM went and remember history may not repeat itself.... but it often rhymes
I am holding and beginning to wish I hadn't. Confidence in my position is eroding. It has been too long since I have seen an encouraging sign. where is the ebola news, anything
Funny, I was crucified for placing my opinions when the stock first hit $5 and I started bailing on my first 20K shares... then on the free fall drop to 3 it was time to sell the rest... Had I held on my losses would be 6 figures larger than they were.
I was called a few names... but my point is that negative views are often points that truly deserve consideration. That ____ cb_cbxxxx really demonstrated what I mean... well review your comments now (have to do it in his mind as he deletes his posts as soon as they appear absurd... so they don't last long.
Good luck, I hate to see people lose money, even cb (although it is harder to feel bad for him)
took delivery of a few thousand shares on the $10 puts I sold and got to hold onto the shares I sold as $9 calls. originally I expected to lose the $9 calls or keep the 1.40 generated by the $1 spread.
at this point I will start a different strategy of selling on swings up (10% of shares) and look to buy back in a day or two for 20 cents lower... the constant bleed has gotten old and I really question why the number of partnerships declined instead of going up. Where is the news on the ebola trials?
Having started off with shares at 66 cents, I accumulated quite a few shares north of $12, performance has been disappointing.
entering the realm of disgusted with this... and I sold puts at 10 when I didn't think it would stay below for long and be countered by the 9 calls I sold.... seems I am adding shares today... Much as I like selling puts against calls, I think I will be starting to just sell some in the money calls till I reduce to just 10K shares...
I have taken to selling in the money calls against in the money Puts with a fraction of my shares..
20-50 contracts on each side... 1-17 I aam short 20 c9 at.50 and short 20 p10 at .90
if it closes between 9-10 I swap shares and make .40 cents for 3 weeks timeframe.