Mylar flips are available from PCGS either through the website or at a show. Please protect your coins! PCGS will not be held responsible for coins that are damaged due to being submitted in sub-standard flips.
Thanks again for your support and we wish you a happy holiday season and a successful New Year!
New Services for 2014 & Important Info about Coin Flips
December 11, 2013
Dear PCGS Collectors Club Member,
Thank you for contributing to our success over the past year! This has been an exciting year for PCGS with major growth initiatives both domestically and overseas. With your support we will continue to expand and improve our services to you worldwide.
First of all, there will be no price increases in PCGS services during 2014. We appreciate your support and all the business you send our way. Shipping fees will increase slightly beginning on January 1, 2014.
At the beginning of 2013, PCGS introduced two new services: Reconsideration and Restoration. Both services have been extremely popular and you have come up with ideas on how to make them even better. Those ideas will be incorporated into our services in 2014 as follows.
Reconsideration: Beginning in 2014 you will be able to select Plus (+) upgrades and/or Suffix upgrades as part of the Reconsideration service. A total of four Reconsideration options will be offered:
1. Upgrade by a numeric point (current offering)
2. Upgrade by a Plus (new)
3. Upgrade by a Suffix (ex. CAM – DCAM, PL – DMPL, etc.) (new)
4. ‘Any’ which means any of the previous upgrades (new).
Remember the Reconsideration service is just an option for you. You can still submit any PCGS coin through the Regrade service as always.
Restoration: To date those coins that we determine cannot or should not be restored have simply been returned without grading. In 2014, you will be able to select an option allowing your coins to be graded even if it is determined that they cannot or should not be restored.
IMPORTANT info about coin flips: We are seeing a lot of coins that are submitted in poorly manufactured, PVC-contaminated, or even re-used flips. Some of these flips actually contain fragments of plastic or metal. The use of inferior flips can damage your coins and even cause scratches. We strongly encourage you to use a quality Mylar type
18K sell order at $1.41. The company's future is uncertain. Revolving door at CEO. The last guy led them down a path that did nothing while making $1.1M/yr in the process and walks away with $303K in severance.
Tax loss selling. Almost no one has a profit at this level. Take the tax loss and move on.
how can a guy be right sizing the company when his compensation is almost $1.1M? A bit egregious, no?
he got 176K options when he was hired back in March of 2012. The exercise price is $2.80+ ($2.83?). Anyone know after how long after an employee leaves that the options are forfeited? I know it is different at many companies. Some are 30 days. Some 6 months. Some the options keep their original term which is typically 10 years. Not sure why they are keeping him on the payroll until Jan 8.
So I just looked at their new code of ethics and all the things I mentioned above are violations as well as using company funds inappropriately and bribery. What a #$%$ bag.
Apparently, the previous CEO is still on the BOD. Maybe he retakes the post
On the same day the CEO "resigned" the company modified it's code of conduct:
Item 5.05 Amendments to the Registrant ’ s Code of Ethics, or Waiver of a Provision of the Code of Ethics.
On December 4, 2013, the board of directors of Clean Diesel Technologies, Inc. (the “Company”) approved various amendments to the Company’s code of ethics and business conduct, including to (i) require directors involved in actual or potential conflict of interest situations to recuse themselves from decisions related to such matters; (ii) set forth restrictions on the use and disclosure of confidential information; and (iii) provide that the Company’s general counsel should be consulted before engaging in any activity that may involve antitrust implications.
What did the guy do, short the company stock? Buy stock in a competitor? Blab out news of a potential sale to his brother in law? This is very strange and highly unusual. Why is this guy walking away with a golden parachute? If he violated some code of ethics, he should have resigned and walked away from his severance. The company should go after this guy.
there are no big holders but in your scenario, someone who had a lot of shares, bought even more shares pushing it higher, then dumped those combined amount of really big shares and still made a profit? Are you spanspur's financial advisor?
Without Cause 1, 2
R. Craig Breese
Nikhil A. Mehta
Stephen J. Golden, Ph.D.
12 months of annual base salary and health benefits; pro rata bonus; immediate vesting of stock options and restricted share units
His base salary is $303K. He also had a few hundred thousand out of the money options.
I was wrong on total compensation. He made over $1M in total compensation. EGREGIOUS!!! Thievery!! He didn't even last 2 years. Started March 2012. Trying to find his golden parachute specifics as to how much salary he gets, but it looks like he had less than 50K shares (had almost another 50K in out of the money options)
Effective December 4, 2013, R. Craig Breese resigned as President and Chief Executive Officer and member of the Board of Directors of Clean Diesel Technologies, Inc. (the “Company”) in order to pursue other opportunities. He will remain employed by the Company in a transitional capacity until January 8, 2014. The Company’s Board of Directors has determined that Mr. Breese’s departure will be treated as termination without cause, pursuant to his employment agreement. Effective December 5, 2013, the Company’s Board of Directors appointed Nikhil A. Mehta, the Company’s Chief Financial Officer, and Pedro J. Lopez-Baldrich, the Company’s General Counsel and Vice President of Administration, to serve in the capacity of the Office of Chief Executive Officer on an interim basis.
So fired on Dec 4 and huge volume spike on Dec 5. Obviously, insiders who knew what happened thought it was good for the company. Why didn't they put out a PR midday on Dec 5 when the stock was up 25% to keep the momentum going? The new guys aren't that swift either.
The sale of the company without a CEO trying to protect his $500K compensation is now more likely. Why would a guy making $500K want to put himself out of a job? He gets to do nothing and collect a huge salary. Lattah lossa!!!