Last time oil was at this level Hero traded at $1.50 ,with another contract will get there fast.
They now have alot of money to spend on amsc products,maybe enough to buy amsc wind division and let amsc keep the wire buisness seperate,wouldnt that be great for shareholders.
Need to see a .28 rise in pps,like te time it went down in Feb. with heavy volume,last time it was over $1 was Feb 9,need to get there faster than five cents a day.
It seems this won't move up until the shorts cover,even with oil up $3 and a new contract.If oil goes down or they loose a contract,bam down 20% the same day,what a fixed game,there will never be a short squeeze on Hero.
Obama backed amsc, a company that makes control parts for windmills with federal money,now they are almost bankrupt because the Chinese stole their source code tecnology by bribing one of their emoloyees in Europe and canceled over half billion dollars in back orders while never paying for what they received.The DOJ is suing the Chinese company but they closed the US part of the company so the DOJ has nothing to go after,surprised the Republicans don't make a stink over this since it's a major failure in his foreign policies showing no respect by the Chinese for Obama and the USA.
I hoped we were wrong about McGahn,but when the ceo dosn't know whats going on and says we should get new contracts for wire and a Navy contract coming in March and nothing happens for 8 months he should be fired.Inox wind getting major projects,but no new order to amsc,maybe their giving the new orders to the Chinese company making the amsc knockoffs,wouldn't be surprised.
Mike,you have to admit this is great news for the company with what's going on in the offshore oil sector.This will bring the pps back to .70 and when they get the contract signed for the 261 we will be over a dollar.The thing I hate is when they cancel a contract the pps goes down right away ,but when we get one it goes up only a little at a time even with a large short position needing to cover,but the most important thing is that the fear of bankrupcty is diminished greatly with this contract.
Called amsc and they said they had until March 31 to report,maybe filed for a extension or they are to embarasssed,I think it was Douglas every time he buys it goes down big time.
He said that amsc would get the Navy contract sometime in March at the last conference call in Feb.,maybe he meant March 2016.
Did they renegotiate or cancel,Saudi's say they won't cut production and drive oil price down,then they cancel contracts trying to get cut rate prices or are they cutting production doing the opposite of what they said in public,either way Hero is paying the price.
They anounce after 5 pm,look at Navy contracts,but the way were trading it seems like a lost cause shorts starting to short again,won't stop until some positive news.