Man this guy is working hard. Of the last 17 posts his posts total 9. Maybe Seeking Alpha is going away, but Gordon seems to have speeded up his posting. Probably he, as a short, is getting a bit nervous. You would think that with all the negative posts that the pps would have dropped further, but it seems to have reached a
support level and as hard as Gordon is working it seems to be holding there.
He must be sitting in front of his computer all day dreaming up more negative news. I wouldn't doubt that he is blaming TAXI for global warming, Ebola, and Zicka. Good Gosh all mighty, give us a break.
The debt obligations were referred to as "notes". Could be bonds or could be some other debt obligation. Point was that they didn't take long to sell.
have any trouble selling the bonds so I assume the people that picked up the debt figured TAXI
would be around awhile. Let's see. Good dividend, high book, good earnings, on and on. Yet the pps keeps dropping. Go figure!
Seems low for a PE particularly for a stock with a book value so much higher than the pps. I would expect, if the earnings stay at $.21 a quarter or better, that the pps would eventually approach book.
Hard to imagine that as of 4/15/2016 the short interest is 25.5. I don't recollect seeing that number before.
The % of the float short is 42.62 and the shares short are 2.8 million.
It's too bad that TAXI won't do a buyback and create a short squeeze, but for all I know the BoD and officers are in cahoots with what is going on. Hard to imagine they are just sitting by and watching the shorts ruin lots of loyal investors. Can't think of anybody I would like to see nailed more than goosey.
Not a big investment for me, but if history teaches anything it will teach that medallion doesn't give a damn about their investors.
All this just my humble opinion.
that most of the posts about GNW are hollow. No solid info to back up any statement. Basic that the only way this stock will go up is when (duh ) people start to buy it. That is not happening and when it does the market makers and shorts end it in a heart beat.
No info from the company , except personnel changes and their stand against the NC law. Just the fact that
they took a public stand against the NC law indicates that they are just killing time and not really trying to
make changes to increase shareholder value.
Been long for quite awhile, but am reducing amount. This company just ain't worth the trouble.
From Scottrade today. There are 2.8 million shares short. That is 45.75% of the float for a short ratio of 13.7.
No wonder the shorts are working so hard to knock the stock. If some good news would come out and Medallion would pursue a buyback the shorts would be clamoring to cover and a lot of them wouldn't and couldn't. I hope TAXI just keeps improving their revenue, profit, and dividend as they have and we could watch one of the biggest short squeezes in history.
is almost 25 for the month of March. This was based on an average of 117,000 shares traded per day.
On that basis, if there is any good news at all and the shorts have to cover, it will take almost a month
to cover. Trouble is good news doesn't seem to move the stock up so the shorts win. Too bad the company doesn't start buying about 100,000 a day and watch the scramble.
according to Scottrade the insider buying for TAXI was approximately 50,000 shares. If you believe this board
then the insiders are buying pig in a poke.
So I guess you have to make a decision to believe the insiders or the combination of gossage and SA.
to drive down the pps or at least keep it from rising. Lets face it Seeking Alpha and Goosey have done a good job scaring people off and out.
You have to wonder what would happen if the SEC would come out and say things look okay. I don't think goosey would say a word.
The fact is if TAXI continues to make enough to pay their great dividend does it really matter whether or not their book value goes down slightly because the Medallions vary in price.
Also UBER seems to paying off more than one lawsuit for various reasons so who knows what their future is.
So as usual we have a bunch of shorts that are pulling out all the stops in hopes TAXI will slip. I think they bring to little to late.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
•Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled.
Why All These Dates?
Ex-dividend dates are used to make sure dividend checks go to the right people. In today's market, settlement of stocks is a T+3 process, which means that when you buy a stock, it takes three days from the transaction date (T) for the change to be entered into the company's record books.
As mentioned, if you are not in the company's record books on the date of record, you won't receive the dividend payment. To ensure that you are in the record books, you need to buy the stock at least three business days before the date of record, which also happens to be the day before the ex-dividend date.
I'm sorry, but you are full of it! The ex-dividend was March 29th and the date of record was the 31st.
I'm not your son you idiot. Get your facts straight.
if the shorts are at it again or whether a fund is just driving out the little guy.. Today is the Date of Record for TAXI. In other words, you have to own the stock today or you miss out. Based on this AM's action I would say anybody that placed stops or bought TAXI on Margin got hammered out and can't rebuy for 30 days, if they want to. Since they can't rebuy with a loss or if they do buy get to go thru the Wash Rule they will probably miss out on any pps rise after the DoR. Same ol, same ol manipulation form the funds.
Wish medallion would just place a large buy to screw the funds every once in awhile.
We don't know the terms, the interest rate, the conversion price etc. Also the money just doesn't disappear!
It becomes equity loanable and adds to the basic value of the company as it is paid off.
The problem is we still have the same old shorts that try to hammer the stock using lies and innuendo.
I wonder what the market would look like if they outlawed shorting or required covering in one day.