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School Specialty Inc. Message Board

captainodestin 5 posts  |  Last Activity: Jul 4, 2014 1:20 PM Member since: Dec 21, 2007
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  • Not saying there is any long term value here (there isn't), but it might get a tradeable bounce it goes under 10 cents next week.

  • Trade a lot and short a lot sometimes, but I don't post much anymore. Not much worth the effort to post, but you guys are so stupid that I just have to post here.

    I shorted into the spike yesterday @ 2.60, 2.62 and 2.63.

    Hard to believe that their are people here who were going long yesterday on a %50 price spike because of a P&D article on seeking alpha and the clown like mistake in thinking the wainwright started coverage of the junk company with a $5 price target.

    FYI, Wainwright actually started coverage of another company called Cesca Therapeutics (stock symbol KOOL) with a $5 price target. People buying yesterday so stupid they did not even know what actual company Wainwright started coverage on.

    Also FYI, majesco (cool) is in need of funding and has a shelf in place. Good chance they will act quickly to take advantage of the idiotic spike in the stock price and sell shares.

    Everything this junk RS stock gained on the seeking alpha P&D and the case of "mistaken identity" will disappear soon enough.

    You might think I would be grateful for the stupidity of those that bought yesterday and ran the stock price up since I will be profiting nicely from it. You would be wrong. I detest stupidity even when I profit from it.

  • In addition to being the majority whip in the US senate it seems that Durbin also serves on a lot of senate committees. Among them is the committee on appropriations and the subcommittee on education.

    Was thinking of buying some today. Glad I did not.

  • Reply to

    How The HEB Ampligen Scam Works

    by mellenium_wind Dec 15, 2008 10:15 AM
    captainodestin captainodestin May 30, 2014 9:10 PM Flag

    bump

  • captainodestin captainodestin Apr 13, 2014 10:19 AM Flag

    I suppose this is good for the overall economy and homebuilders in general, but is most likely meaningless for the shareholders of CHCI

    It is most likely meaningless for the shareholders of CHCI because of the financial return being given to the non controlling interest. Look at the fourth quarter report that came out recently. CHCI would have reported a profit of $1.2 million had it not been for the return they had to give to the non controlling interest. After giving $2.4 million to the non controlling interest CHCI was left with a loss of $1.2 million.

    The revenues for CHCI in the first, second, and third quarters of this year are probably going to be around half of what the fourth quarter revenues were and so the huge return given to the non controlling interest is in my mind going to basically guarantee that CHCI looses money in the next 3 quarterly reports.

    In fact, I don't think CHCI can ever be profitable as long as the non controlling interest in the company exists.

    So that leaves me thinking that there are 2 possibilities with CHCI. (1) CHCI goes BK in the next year or two and is simply handed over to the non controlling interest in exchange for millions in unpaid returns owed to the non controlling interest at that time. (2) At some future point there will have to be a truly MASSIVE dilution in order to get the money to give the boot to the non controlling interest.

    BTW, 1 and 2 above are the likely reason that the huge short interest shows no fear. They are likely waiting on one or the other of these possibilities to occur. In the case of possibility 1 they cover at pennies per share, and in the case of # 2 they cover well bellow $1.

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