Merrily we roll along yet the bozos continue to clutter this board with bs political posts that have nothing to do with the board subject....All politicians and pundits are usually biased bozos of low intelligence and less common sense who couldn't find their butts with a search warrant....Why don't you clowns huddle up in a mine field and do us all a favor...By the way,,,,,,,,,,Go Zoltek
Sentiment: Strong Buy
The shorts covered about 500,000 shares...still short 6M+
I agree with your logic here...I feel the only thing supporting the stock price is the Quinn group's involvement. Were it not for them, the stock would have taken a big hit on the news and another hit after the CC....As long as shorts believe Rumy will maintain control I feel they will hold strong on their position....If the Quinn effort is successful, they could create a short squeeze...The hold Rumy has on the reins of the company is slowly slipping away. and both longs and shorts are waiting for the answer.....If by chance Rumy fights off the moves by Quinn the stock will drop like a rock....I for one and hoping for a special shareholders meeting to get this thing over, once and for all...
I did not predict a blowout quarter, I gave 3 different senarios one of which was an upside surprise...Don't quote me if you can't get it correct.....
Rumy is feeling the pressure and the current BOD is a puppet committee.....Until a special shareholder meeting is on the docket not much will change....Up to the recent past Rumy has not felt challenged or vulnerable but I'd think he is nervous and feeling the heat now....Quinn will surely get much support from the average shareholder if a special meeting happens and Rumy knows it.....As for the BOD, they are collectively clueless and useless....
Rumy was his usual stammering stuttering self and quite frankly an embarassment....Company image and less emotional involvement is what Zoltek needs to renovate.....It is ripe for the picking and if Quinn doesn't pull it off somebody else will certainly emerge.....The future with the same management will provide more of the same results we have seen in the past....The natives are restless and time is running short for the old Zoltek...
Opti, the one fact you fail to recognize is the total worth of Zoltek as it sits today is pocket change for the likes of the GEs of the world...It would be a non event to be swallowed up by one of the big fish and if CF is the new steel a very good purchase for any company with the forethought and managerial skills to acquire on the cheap. Many of the inovative products of the past never really made an impact on society until the originator passed it on to an opportunist with the right stuff to move it forward....It may not be GE but could be any number of other industrial giants with deep pockets....Don't forget Zoltek is a speck on an elephants hide when it comes to total market cap....
Without Quinpario involvement Rumy would never have considered selling......It is only because Quinn and his pals forced the issue is that a possibility....If Quinn had never been involved it would be business as usual and the stock would be $5.00 and Rumy would be his old complacent self....So Quinn has everything to do with today's situation....Quinn has no desire to be a buyer, he and his group simply see the need for a management change to enhance shareholder value which is sorely needed and long overdue...
Don't rule out the possibility that once Quinn gets control of the BOD that the company is sold to either an energy company the likes of GE or better yet a major auto manufacturer in a mega deal that makes shareholders a huge profit in both cash and stock from the purchasing company.......This senario will take a while to put together but, mark my word, it will happen this year.....
The news was not good but not terrible...Interestingly enough Rumy announced that during the conference call to be held Monday there will be no question and answer session....Looks like Quinn influence is showing as Rumy is being muffled.....Supposedly the BOD is working on a strategy for enhancement of shareholder value....but nothing will be discussed until a plan is complete....Foreign currency transactions were responsible for the lion's share of profit in the quarter....7th consecutive profitable quarter however megar....Rumy still talking future applications....I hope he realizes he can't outlive the future...
The quiet from the Quinn group will certainly come to an end at the close of trading today...One way or the other today's report will provide the answer to the shareholder value question....Examining the possibilities the potential is......1. A positive quarter that cooridinates with the fairly large recent move upward of Vestas stock price due to increased CF orders and sales to them which could create a short cover of reasonable size.....2. Additional news regarding the Magna participation and useage of Zoltek product, which could produce some short covering action...3. A disappointing quarter which will probably chase some longs and create a dip in the share price fortifying the Quinn effort to influence a change in upper management and BOD.....4. Any positive news regarding a settlement regarding the Zoltek litigation that would produce a cash infusion to the bottom line.....5. An announcement of a potential agreement between the Quinn group and Zoltek.... or lastly, a carbon copy of the same old boring, mundane quarterly report we have heard in the past....Stay tuned.....As the cat said when his tail was run over by the train....."It Won't Be Long Now"
That is one heck of a long word and even has numbers in it....Go Fish
Over a million comedians out of work and you are trying to be funny???? Lame
Could it be some good news has leaked prior to the release on Friday's close????? The daily move up could be an indication of a positive quarterly and may have been leaked....It is very difficult to keep a secret in today's business atmosphere and the potential of good news may be behind the consistent up days lately....
Low volume today...Seems everyone playing the waiting game....as the stock inches up...The Vestas action can't hurt as we wait for the Friday close....Looks like a game of chicken....who will blink first.....Margin players should be getting nervous on both sides but especially the shorts....
I suspect this agreement is nothing more than Rumy trying to reduce the heat from Quinn....The numbers will speak for themselves and good, bad or somewhere in between will certainly have a marked effect on the ability for Rumy to ward off Quinn or lose control...The shareholders have been patiently waiting for the company to reward them for their loyalty but time is running out for the BOD and Rumy...We have become a results oriented base and facial expressions and hand jestures will no longer trump results....I suspect this Friday will mark the turning point in the Zoltek story...and only a positive report can avoid the demise of the current management and BOD....
If this is a Rumy move to try to hold off Quinnpario it will not avoid the inevetable....A negative quarterly will result in only giving Quinn more individual support for a special shareholder meeting to oust Rumy and BOD....I am not surprised that Rumy called in a favor from Vestas to try to strengthen his image....If that is the case, it won't work.....We shall see....
News listed on Fidelity and Zoltek site....Checked aftermarket trading on Fidelity and up .53
Zoltek released a 10 k after market closed citing a new agreement with Vestas....Looks like the inventory problem is behind them and it's full steam ahead for production...
Sentiment: Strong Buy
Not a requirement to be short or long to be stupid. His freedom of speech rights allow him to display his ignorance and I fully support his right to be as ignorant as he wants....Quite entertaining....