maybe someone who was lied to about the timing is trying to do insider trading... I like a merger better up here than when Icon tried to but it. (I bought more shares when he made the offer). I am long mostly shares but I bought a couple options just in case the buyers know something. After option expiration then I won't want an offer so much.
No one is shorting my shares, so I suspect there are plenty available... expiration was Friday so some people may have been selling before they took delivery. You have two weeks til the ex dividend now so most likely it will go up, unless there is bad new or panic and I would like it better if you did panic.
The best bang for your buck is the company selling the $10 puts for 95 cents... putting the cash in tbills waiting for that to call results in buying at $2 less than nav or around 20% annual return (nov puts). If they are allowed to count preferred or convertible preferred as equity they could even do it without lowering their fees perhaps. No one has borrowed my shares to short so if someone is they are doing it through the puts so there may be a lot of demand that can be taken advantage of.
I am not sure if convertible preferred shares count as capital or leverage for a bdc but I was looking at what call did where they sold the puts to get an even lower price. I would suspect the price would be in the high 8's and then if the price went up they would get over $1 a share or they would increase the nav per share In the buyback. they could always sell the shares again later.
I have been hoping for greater than for awhile.... I like the way they are growing the company anyway so I was thinking of buying more shares... I almost think they should be organized as a trust so they can take the other railroad over (or most of it as part of the settlement) and do other types of transactions, like owning a solar corporation...
How hard could it be to build a plant with the holes already there... My thinking is that it is cherry as long as the resource isn't declining.. This is on my buy list after rpg gets resolved (since I am committed to seeing it through to the end) hopefully I get shares of altera but who knows.
That's a cherry deal for them I bet makes them look more attractive (long term I don't mess with short term at all)
It would be good to see a partnership like they had with Nevada geothermal, even just a couple of wind towers in Nicaragua might make it more interesting for altera since they want dams in Nicaragua and they do them
I think the price is high, if there is a short squeeze maybe it isn't about the value of the company... I may look again when I see earnings though.
I am not sure what is moving this but I was expecting rpg.to to make a move based on their watage tests... Is partial ownership of three small plants worth more than one bigger plant... maybe so, I would have done well with this one but I think I will stand aside..
I think there intentions is to do both... I see it at 8 cents so there may be excitement brewing. If they announce something about a testing waver it may go up before the testing results, I think they have tek violated the terms of their loan but have no trouble paying it and that may be depressing the price somewhat.
I saw it at 9 cents today but there may be a chance to grab (at a reasonable price) this for awhile before there is a news event to change things for the better or for the worse..
According to u.s. law you are able to buy in the market but not participate in the rights offer. This is a little stupid but that is the way the law is.. In this case you could buy in the market and get the same or a lower price so it is not to late to participate in the company at this price.
Why would it have to be hostile... A "Name" could build a position and it would create upward price pressure. The yield you are getting from short people is realy good with this but you have some risk from the government.
I would think that it could be more... they haven't said anything about getting rid of the rest of the portfolio I think there were some financing issues...
The last big decline was caused by disappointing work on an upgrade. It pays to buy on bad news sometimes.. I understand that it caused someone who was too leveraged to have problems. People should understand the risk when they use leverage including shorting and diversify out.
I think this is the midpoint of the expected finish of the project... Ram done in time for ramadan.. I sm still tempted to grab a large chunk.. (29'th is the middle).... Not sure what effect being late would have if that much...