Amsc cases will be all dismissed,but Sinovel's countersuits will be upheld and the Chinese gov. will confiscate all of Amsc's holdings in China,that's why the pps is going down even with the 40 million order.
That is why they should all be replaced,why would anyone invest in a company when thier own management team has no confidence.
I guess someone leaked the 6 million order before it was anounced this morning,thats why the jump yesterday,another sec. investigation coming,loose lips sink ships.
The only reason they would go along with excepting 41% of the bond is if they plan to sell the company after reconstruction,that is the only way they get to even,maybe deal already in the works.The 492 million they are excepting is less than liquidation and they wouldnt need to put up another 450 million,so they must have a plan in motion.
We need a big contract in order to reverse this short attack,McCahn tell us some more fairy tales,we need the hyype.
Wait till the last half hr. of trading with a .06 price and your order will be filled,don't pay a penny more,they are dumping shares the last few days right before market closes.
Where do you get 44 million from ,it's 41% of the 1.2 billion owed,that makes it 492 million x .031 thats 15.25 million divided by 161 million shares which gives you about.095,plus warrants,thats all this pos is worth,top value and if oil market stays depresed it is worth ZERO.
backs ontx with funding for the p-3 study and the pps goes up another 50%,Hoofmans bought big at $9,thier on inside and know drug works,other test used very low dosages.
They go in front of judge tomorrow,will trading be halted or will they trade up until the judge makes his decision to approve?
Where do you get .50 a share,the stock is worth .09 that's all and the warrants are based on a 1.55 billion market cap that makes them worthless unless hero trades over $9.45 after the conversion to a $3 pps and you only get 3.1 warrants for every 100 shares you own,what hero management is giving to shareholders is what they would have gotten in a class action suit,ten cents on the dollar,bond holders got .41 cents on the dollar,the bankruptcy laws need to be changed,all this is just legal thievery,there the ones that should be in jail,not the pot smokers.
Here it is,bondholders are getting 41% of the 1.2 billion owed.This makes the total value of the new shares based on 492 million dollars.That makes shareholders get .093 per share( 492X.031 divided by 164,070 million shares) plus warrants.The new company will issue about 164 million shares at about $3 per share,the warrants are based on a market cap of 1.55 billion,that makes the price target $9.45.In the next 6 yrs. hero has to trade over that price for the warrants to be worth anything.for every 1000 shares you own you will get 31 warrants.If management cared about shareholders they would have given them warrants with a $3 price target,the value they are putting on the new companys shares,not over three times the value of the new company.The thing I can't figure is why bond holders went along with this deal and would through another 450 million away instead of just liquidating them,maybe thier counting on the Maserk deal or have inside info of new contracts being signed.