Amazing! I know some of the people at Tocqueville, and have for years. They won't be happy when this is over.
Ah, well...some of my more creative invective has fallen victim of the Yahoo robo-censor. Was really surprised that my comment about Backwoods-Boo-Fay's cousin made it through. Legal question for Boo-Fay (he's a double Who, you know?): If you and your wife get divorced, are you still cousins?
AFSI issued an 8-K disclosing that it is providing for $250 million of financing for ACP and another operation, and included language that it is allowing for further deterioration of SinkHole's financial condition in its forward thinking, reiterating that it agreed to a merger as detailed in January and April. Thus the pop in the stock price over the past two days. Surprised that ASFI thinks this is such an incredible deal that it cannot or should not squeeze SinkHole's privates some more.
You will get the cash all at once. "When" depends on when the deal closes but assuming there are no complications, that will occur shortly after the Aug 6 vote. The two managers in question, CFO & GC, cut a specific amount deal that is spelled out in detail in the agreement that is part of the proxy exhibits. CFO gets $1.4 mil and the CGF something just short of that.
You thought that buying at $11 was a great idea because it was earlier marked down from $15 and you never bothered to look inside the package to find that someone took all the gum sticks and you only have the paper wrappers left..
"it deserves to be included within those 60 high.growth comanies [sic]..."
Only if they bring a stripper...
Not to split hairs or anything,yama, but the EPS, to be precise, was 1.5 cents that sounds a whole lot better when rounded up to 2 cents. Interesting how there was not income tax. But note also the revenue at $10.9m was a bit light, coming in just above the low estimate of $10.5m, and well below the other guy's $12.1m guess. Finally, it's nice that shareholders' equity is up a bit, but the number remains dwarfed by the intangible asset figure.
After years and years of performance behind the curve, management will still have to bring a stripper in order to generate any interest at the conference. We can assume you will be attending? With your G-string?
Just received an email from Seeking Alfalfa. Basically, Yahoo is starting up its own contributor forum and has discontinued SA. SA, for its part, claims this is good for its own future. Yeah, right!
Nobody here is obsessed with a stripper. I'm only suggesting that it will take something extraordinary for this turd to attract any attention at a growth conference, especially since the company's growth of late has been prefaced with a "minus" sign. They can only sustain earnings improvement without positive revenu growth for so long, you know? Or don't you know?
Here's the governors words come through...
Next couple of days could be really interesting, and the market staying very much on the sidelines tells us how uncertain the future is. Without question, the shareholder vote will be in favor of taking ACP's $2.50, and that will likely be announced sometime during the day. The next move will be on ACP's part. Will they fold the tent and pay the $2.50? Or will they look to lower the price? Or walk out altogether?
Only The Shadow knows...
You are impressed by the negative cash flow, are you? I laugh whenever I read the glowing reports about "accident year loss ratio." The accident year loss ratio is nothing more than management's pick on what it wants the loss ratio to be, adjusted in subsequent years for the reality of reserve development. Current underwriting results are meaningless -- look at the cash flows.
Approval of the merger is a given. I'll be interested to see how the vote turns out on management compensation. That, most likely will pass because the institutional ownership typically votes in favor of all of management's recommendations unless there is a compelling reason not to. But it will still be amusing to see how many shares line up against the CFO & GC's bonus deals.
Here we go with another pump-n-dump swindle on a stock currently trading at $0.02.
Get lost! Away with you! At least you picked the right screen name for yourself, dung.