Interesting to see Green River's response to the Meson report. It is in the comments section. Meson implied GR had prior knowledge of the Victory. GR didn't really deny it but said it did not know details until the announcement. GR also said it has a report ready to go on Oceanica funding that just needs names and numbers dropped in. Said they expect it soon.
Zisk set up a 10b5-1 plan to sell up to 1MM shares in the next year. He is already 1/3 of the way there.
Zeal filed to sell 1mm shares under a 10b5-1 arrangement where he has no input on when to sell. He is about 40% of the way there, maybe a bit more. He is doing all of us a favor who like the company going forward. Only reason shares are at these levels.
Share price allowed to drop for new stock plan adopted on 9/15. Willis received 100K restricted shares at 2.86 and gave 37K back for taxes. I am sure the two new execs probably had theirs similarly priced. Sure beats the $3.20 and above when their appointments were announced. Now that is over so the share price will bounce back up soon enough. Just the way it is with these publicly traded companies.
Here us a bit more. They looked at acquiring companies that use the voluminous data generated from the websites but have decided against it bc these companies are asking 20x Ebitda.
Company is very comfortable with distribution and call center capacities. Will build/ buy something on west coast if need arises. Also Mexico is an option as Lowes is growing.
Willis Very confident an acquisition will close by calendar year end 2014 for a company that is almost exactly half the size of spdc in terms of revenues, Ebitda and employees. Imagine it is a private company now.
Willis repeated spdc is planning to be clear. # 2 behind EBay(old GSI). Done through organic growth, new business and acquisitions.
If this acquisition comes to fruition, it seems it would tske spdc over $200mm in revenues and between 25-30 in Ebitda for fy 16 ending 3/2016.
Very confident signing Willis.
Steele raking bulk of comp in options is major positive indicator. Option price has to be over $3 so he must be very confident.
Aafes us 5 year contract. Rolling out 9/16.
Sentiment: Strong Buy
Aafes going live on 9/16.
An acquisition of a company that is half the size of SPDC is very likely before end of 2014. Half the size for revenues and Ebitda.
New guy Steele is solid. Overheard the talk about him off the record. He took the bulk of his compensation with SPDC in stock options. He was making $500k at Oracle.
Nice to see them in person.
Btw, Willis and Hurd are very tight. Oracle relationship is rock solid.
That's all. The rest stays in my head.
Sentiment: Strong Buy
Also said a yes or no from Mexican govt by year end . believes high likelihood of approval since they have been talking with government and environmental groups.
Once approved, it will be 18 months to production using existing equipment or 3 years for custom built dredging equipment.
Seems like major investor coming before year end. Mako will then likely exercise.
Btw, Gordon is in Colunbus talking about monetization.
Appears to be new project for fall/winter.
Probably better Gordon wasn't there with his BS. Devine even said this wA his first time saying filing of EIA was imminent.
Just reporting what I heard.
Probably just a matter of time when Oracle just buys out SPDC but first SPDC will grow on its own.
New hire further cements relationship with Oracle.
All lining up for nice steady run.
Omex us presenting at noon PST on Thursday in SF. Just a very short walk from where his listed address.
Anyone else going? I am planning to be there.
Why do people use multiple alias'? Pretty obvious one person here has multiple names. Same theme to posts. Whatever. The shares are going up.
The only reason for a secondary here is for an acquisition. Assuming it is accretive, then the secondRy us worth every share.
SPDC is a new company now. All this talk about what it was in the past is really irrelevant. Profitability and strong growth will be the norm moving forward.
sorry dude, but that was my attempt to purchase 25K at 1.12 near the close. Didn't fill at all. Expired at end of day. I am not losing sleep over it.
Good sized volume for today. Looks like some larger blocks going through on the Buy side. Hopefully a trend in the making. Business only strengthens from here. Lowes making a bigger push online as well.
No mention of material litigation either.
There was a seller at the end of the day for about 50K shares at 2.70. It was cleaned out at the close. 10Q was clean. Business good. Stock seems cheap. Might just bump back into 3's early next week. It belongs between 3-4 right now.