took profits of $3700 in 2 days. Easy money. Say what you want, I make money on this company every time I trade it. The short timeframe from announcement to ex-div day cost me money. I think that was a mistake. Should have made ex-div day the end of month
There are a few blue chip stocks that are down that need looking into such as AAPL and DIS
whatever pricing and promotion program they came up with is working as PCGS 2016 modern coin certs are exceeding NGC certs by a 2.5:1 margin. So if previously NGC had 70% of the Modern market now PCGS has 70% of the Modern market
Ironically NGC certs did not go down. PCGS certs just jumped. So NGC maintains their revenue while PCGS just jumps up.
This is all while Miles Standish, formerly of PCGS, jumped ship in September 2015 for NGC. He ran the PCGS Modern segment. So was he holding them back? I've heard he's a nice guy but what's the deal here? Why was this not done before?
in just the last few weeks since this was released, over 6K of these have been graded by PCGS. They are running promotions with these as well in conjunction with autographs of past Mint Directors and David Hall himself. I would expect those garner a premium price.
For some reason NGC has not updated their census to show how many they have graded. I suspect that their internal controls are lagging in comparison to PCGS.
everytime I think they will go BK, they do another fund raising at a new lower level with some Cayman Island fund. Obviously, no one wants to buy them or the deal would have been done. It's looking pretty bleak at this juncture with delist near, death spiral hanging over their head, and running almost on empty with no cash. I am surprised a creditor has not pushed them into BK
sue what? First they have no money. Second, they have a GOING CONCERN which essentially gives them immunity. Invest at your own risk with a GOING CONCERN. Why do you think I made such a big deal about it 2+ years ago and talked about it before it even happened. You guys first denied it was going to happen and didn't realize what it meant.
then how do you get there with the impending dilution and debt to equity conversion? There will easily be over 50M shares pre-R/S
I think I put some good doubts in your mind but you need to think about what the company looks like after $10M is invested and $8M debt converts to equity. And is $10M even enough to last 2 years?
maybe this got lost in the shuffle, but a few weeks back when the stock was closer to $1 and spanspur was saying the stock would be bought for $2 or $3 or $4, I said that the Honda revenue should be discounted because it is going away. So now you have a $20M revenue company that is bleeding cash and has none. I said based on that, they would be lucky to get a $1 buyout (2X sales)
SSW? don't like the container ship segment. Oversupplied. Baltic Dry Index is also low. too much exposure to China. Trump could impact China trade.
what words would you use to describe a company that has never made a profit, low on cash, overpaid insiders, revolving executive door, GOING CONCERN, near delist, near BK, rarely puts out news and when it does they are misleading, puts out financials always at last minute, has 2 reverse splits in its history and is planning a third, has lost its largest and oldest customer, and trades at 40c?