imo, It's not IF, but WHEN for the JV. Per the Annual Meeting, the Capstone Finance will finance Capstone's clients (since they are having difficulty in getting finance), and, as I understand, some of Capstone's needs. The last one begs the question as what the role of Wells Fargo line of credit would be; would Capstone use Capstone Finance rather than Wells Fargo and pay itself. Financing the clients would assist in increasing sales.
They are two different situations. Whether the same occurs with Capstone if a reverse split occurs is probable, but there is no guarantee that the same will occur.
The plaintiffs are NewLead JMEG, NEWLEAD JMEG, LLC, NEWLEAD HOLDINGS LIMITED, MICHAEL ZOLOTAS, and JAN BERKOWITZ so the ruling doesn't effect only NewLead Holdings. As for the ruling, it will not be in favor of the plaintiffs. NewLead JMEG has admitted to Breach of Contract.
NewLead has bought additional vessels. As long as the vessels are in use, this increases revenue. The additional vessels increases the debt, issuance of additional common shares, and from the latest 20-F, they are in default of most(all) of their loans. The number of Authorized Shares is now 50 Billion. As of May 12, 2015, there are 425,668,806 common shares outstanding, but that was in May.
The Minimum Closing Bid Price needs to be $1 or more for 10 consecutive business days for the company to regain compliance.
Yes, OTC companies are not required to register with the SEC; and Yes, if they are not registered with the SEC, they are not obligated to keep their financial reports current, but many do. (Read last sentence under Financial Reporting).
OTC Reporting Requirements (OTCBX, OTCBQ, and OTC Pink)
In contrast to securities listed on U.S. stock exchanges, securities on the OTCQX, OTCQB and OTC Pink marketplaces may trade without being registered with the SEC.
Financial Reporting - Many companies are not subject to SEC registration requirements, and therefore, do not make regular filings of financial information and other corporate events with the SEC. Companies are not required to provide financial information to OTC Markets Group; however in order for investors to make informed trading decisions, many companies elect to provide disclosure.
I have seen where the transaction numbers were corrected, but the graphs were not. Stockcharts (a graph) has the HOD as 0.0055. I don't know for a fact that the 0.045 was a glitch or an actual transaction. Hopefully, someone didn't make that mistake.
I don't know how Fidelity treats transactions, but it would seem that a transaction that comes across the wire should not be dismissed. Even Nasdaq has the HOD as 0.0055.
I don't know how they will structure this whether a department within Capstone Turbine or as a subsidiary of Capstone Turbine. My guess is a subsidiary. This, if run correctly, will, imo, make a lot of money for the company. imo, could increase the pps such that a reverse split is unnecessary if this JV gets off the ground soon.
As I heard him, DJ said they would dilute when needed. It will be whenever they need to. DJ stated that the rs would not occur anytime soon, but if necessary, sometime before December 14th; he'd rather have the price increase without a reverse split.
The shareholders currently are 85% retail. Institutional investors are pressuring DJ/CPS to reverse split so they can buy more or make an initial purchase. Retailers don't like a reverse split, but institutions relish a reverse split. If the institutions jump in after a reverse split (if it actually occurs), then the price should appreciate.
I would like the company to become compliant without a reverse split, but if it does occur, then institutions should being buying after it occurs. We shall see.
I did make the same conclusion, but it is fair conclusion since DJ stated that they would raise money before they needed it.
Date Open High Low Close / Last Volume
08/26/2015 0.0045 0.0055 0.004 0.0048 20,614,190
Did anyone look at the date of this lawsuit? btw, I searched on the case number, and couldn't find anything about it. Since it was filed in May, maybe it's be settled.
Case Number: BC582632
CAPSTONE TURBINE CORPORATION VS WRIGHTSPEED INC
Filing Date: 05/21/2015
Case Type: Breach Contrct/Warnty (Sellr Pltf) (General Jurisdiction)
I tried posting a reply to the person multiple times, but keep getting the "Did not post" error message. Yes, I should have explained the reason for the post as a new topic.
The intent was for neither of your reasons in your responses. A poster stated that there was no proof of default of the Financing Documents (loans). I posted this to show that they, NewLead, stated that they were in default/delinquent in their loans.
fyi, NewLead had stated they are in default of their Financial Documents in the current 20-F, p. 145, and in the previous 20-F.
Item 13. Defaults, Dividend Arrearages and Delinquencies
Our independent registered public accounting firm has indicated in their report that there is substantial doubt about our ability to continue as a going concern. As previously announced, due to the economic conditions and operational difficulties described elsewhere in this annual report, we entered into restructuring discussions with each of the lenders under the Financing Documents. As a result of such conditions, over a period of time, we defaulted under each of our Financing Documents in respect of certain covenants (including, in some cases, the failure to make amortization and interest payments, the failure to satisfy financial covenants and the triggering of cross-default provisions). To date, we continue to be in default in Piraeus Bank (CPB loan), the 4.5% Note, the Portigon AG Credit Facility, the Mojave Credit Facility and 7% Notes. Moreover, during April 2015, we received a default letter in respect of the sale and lease back agreements. These lenders have continued to reserve their rights in respect of such defaults. They have not exercised their remedies at this time; however, they could change their position at any time. As such, there can be no assurance that a satisfactory final agreement will be reached with these lenders, or at all. See “Item 5. Operating and Financial Review and Prospects-Recent Developments” and “-Liquidity and Capital Resources” above for a discussion of our indebtedness and the defaults under the agreements governing such indebtedness.
Caveat: I didn't read the whole article.
I searched to determine how this research was relevant to CytRx.pertaining to pirarubicin; probably aldoxorubicin is the drug referenced in the article . (The article mentions small molecules. CytRx has discontinued their small molecular chaperone drugs in lieu of the oncology drugs acquired from Innovive.) Pirarubicin is available in Japan and China; see link below. This scenario is similar to Tamibaritine; it is available in Japan and yet CytRx discontinued clinical trials for it.
Pirarubicin (OS: JAN)
Pirarubicine (OS: DCF)
Pirarubicin (PH: JP XVI)
Mercian Coperation, Japan
Pirarubicin - Main Luck
Main Luck Pharmaceutical, China
Meiji Seika Kaisha, Japan
DCF Dénomination Commune Française
IS Inofficial Synonym
JAN Japanese Accepted Name
OS Official Synonym
PH Pharmacopoeia Name
Rec.INN Recommended International Nonproprietary Name (World Health Organization)
I searched for the patent WO2014197569A1 at the USPTO gov and it doesn't exist. I found:
Publication number WO2014160950 A1
Publication type Application
Application number PCT/US2014/032196
Publication date Oct 2, 2014
Filing date Mar 28, 2014
Priority date Mar 29, 2013
Inventors Saurabh Saha
Applicant Biomed Valley Discoveries, Inc.
Export Citation BiBTeX, EndNote, RefMan
Not really. After reading the title, I thought the poster was saying that NewLead would be bought, so I viewed the article. Also, articles from SA are usually have no credibility. I wonder whether coal will come back into favor since the price/bbl of oil is now in the low $40s and I read an article, posted today, that stated OPEC kicked the price of oil into the $30x. Many companies won't be able to survive the low price.
OPEC just kicked oil into the $30s
It's good you exited. Unfortunately, by the time OPEC decides to let the price of oil go up, the world economy may not be able to recover, imo. Maybe coal will come back into favor to counter this low price. A lot of people will be hurt if the price continues to fall and remain at these low prices.
OPEC just kicked oil into the $30s