On basically no news other than 1 persons opinion
ORBC has a $200M shelf offering ready to go with $180M for purchases. They have been quiet for almost 4 months now. Possible but knowing these guys, not probable. What else would they do? Where would they go?
why buy a car if there are autonomous self driving cars? Just summon a car and walk out your door and 30 seconds later a car will appear.
RVM closed 1% ABOVE the buyout conversion price. I've never seen a stock trade above buyout price that was not in play.
no one is dumping. Look at the short interest. It is all shorting. TAXI will report earnings and new dividend in next two weeks. They are in a quiet period until they report.
A good report and dividend increase will rocket this 10% before shorters re-enter
Uber long term plans are driverless cars. I believe Uber will go after Avis and Hertz. Not sure why they have not felt the wrath of Uber. Parking garages will also be obsolete. Think of all the space in cities if all the parking garages were gone.
closed 1% ABOVE conversion price. Either people are real bad at math or something is certainly going on. The only stocks I have seen trading above buyout prices are stocks still in play
We never hard from SLW on this and their 16% stake. Their stake is bigger than HL's and RVM insiders who pledged to HL.
who cares about satellites? If what they have can handle their current business, what difference does it make? That statement was a general statement without any knowledge of their current capacity and usage.
ORBC is not making money and continues to dilute shareholders. The new $200M registration that went effective the other day is yet another example of dilution. That's enough money for 30M more shares.
so how would a new offer work? Would they "low ball" it at $25M and then have HL up their offer to $30M which would then have to be trumped by the new company? If they were smart, they would come in with a below market but fair offer. I think if they offered $33M, HL would bow out and they would get the company for 83c. The lawyers probably would not fight it either.
I truly think a fair offer is $40M
5. meet with sell side analysts and devise a scheme to best market a $60M secondary the company is preparing. Underwriters to make money via secondary fees which are usually around 5%.
$8, $8.5, $9, $9, $12
hmm, which one doesn't belong? The one who is trying to buy their way in to a secondary as an underwriter. The new $12 price target brings the mean PT to $9.3, higher than the 4 other analysts
Retail surely won't be buying a secondary. That only leaves institutions. Last time they did this Artis bought the $22.75 secondary and was a weight on the shares for years as promises did not develop. Oh yeah, caseyboy2 was also buying the secondary telling everyone it would be a $50 stock in 2 years.
I'll bet my last dollar Norm has convinced them they need 30 more sales guys and they will do a secondary to raise funds.
I don't know where you are looking at "so many" but institutions hold about 3% of the total shares. Most of the funds are index funds and hold companies they need to hold regardless if they are sound or not.
Whalewisdom is a good start and gives history of funds. I would look there.
The only way Dougherty can make money with their coverage is if IDSY is planning a secondary and they put out a PT 33% higher than 4 other guys. They want a piece of the underwriting fees. IDSY to put out a $60M offering. they already have a registered shelf offering.
Norm must be telling them they need 30 more sales guys. At Qualcomm he had a sales guy at every major client 24/7 or something like that. So we are looking at 6M-10M kore shares here. Suddenly, the upside has just been cut in half.