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Insider Buying: Revolution Lighting Technologies Director Purchases $25,750.00 in Stock (RVLT)
March 19th, 2015 - 0 comments - Filed Under - by Jennifer Langley
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Revolution Lighting Technologies logoRevolution Lighting Technologies (NASDAQ:RVLT) Director James Depalma purchased 25,000 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $1.03 per share, with a total value of $25,750.00. Following the completion of the purchase, the director now directly owns 300,000 shares in the company, valued at approximately $309,000. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
32,000 LED lights in the New York City ball. What does this signify? How long will it be before every bulb in the world is LED? It will happen! RVLT will not drop the ball when it comes to their future business!
Sentiment: Strong Buy
Many of us who believe in RVLT have lost a lot in the past months. We held with expectation of a turn-around. During this period many of the nervous and timid sold. Now we are left with the longs that are willing to wait and hang in there until the PPS goes to (who knows where) $5.00, $10.00, $20.00? Looks like the turn-around may be starting and the 5 to 6 million short positions may also help. The number of shares for sale is going down fast!
Did you notice what the PPS is doing today. I don't think it will stop anytime soon!
Insiders hold over half of the shares, those who have shares from the offering are not going to be selling any time soon, Institutions may be done selling. If there are 200-300 investors like me who are holding over 20,000 shares, there are no shares left. If you have been holding for the past few months, you would have to be out of your mind to sell now.
Everyone has an opinion, I still believe RVLT will do very well. I''m holding and waiting. In the near future almost all lights will be LEDs There is room for the existing companies and many more. RVLT has a head start. I will be holding until I'm well into the GREEN/ BLACK. It might take a few months.
With any offering, someone has to buy the shares and they are. In addition many individual investors are buying at this level and with good reason. The PPS may not go down, it may just continue up.
Please go back to the EFOI board.
When a company is bought or merges with another company, all types of stock, including preferred stock, must be satisfied as a debt during the transaction process. Sometimes, holders of preferred stock from the original company are offered preferred stock of equal value from the new corporation. Other times, preferred stockholders are bought out and paid an amount that generally reflects the fair market value of the stock. Buyouts involving companies that have declared bankruptcy or have advanced debt problems may result in preferred stockholders receiving no money for their investment if nothing is left after lenders and bondholders have been paid.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
10/31/2014 6,103,006 135,577 45.015054
From Seeking Alpha
• RVLT keeps falling to new lows.
• The market may be overlooking its extremely bullish guidance.
• My strategy: research now and prepare to jump in immediately if Q3 guidance hits because Q4 guidance is much bigger. Sometimes companies communicate guidance in a fashion that they leave you to put the clues together and figure it out yourself. In the case of Revolution Lighting Technologies (NASDAQ:RVLT) it's a matter of simple math. Between its most recent guidance and its collapsed share price lately, Revolution Lighting may be positioning itself as a great buy.
From GAINING GREEN: For the quarter ended September 30, 2014, Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) on 6 November announced total revenue, which includes the recently completed Value Lighting acquisition, was approximately $26.9 million, as compared to $5.3 million in the same period in 2013, an increase of approximately 406%. Gross profit for the quarter was approximately $8.6 million as compared to gross profit of approximately $1.4 million for the same period in 2013, an increase of 527%. Gross margin for the quarter was 32% as compared to 26% in the same period in 2013. The increase in revenue and gross margin reflects the impact of acquisitions from their respective dates of acquisition. Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) on Thursday closed at $1.50. Stock institutional ownership is 12.50% while insider ownership includes 0.90%. Revolution Lighting Technologies, Inc. (NASDAQ:RVLT) distance from 50-day simple moving average (SMA50) is -12.82%