Press release on website as of today that settlement for the 25% stake in Langer Heinrich to China Uranium for $190 mil US will be on July 23rd. That should take some pressure off!
Joe - I appreciate your willingness to ask questions but I think the best thing you can learn from this situation is how to do due diligence... It's obvious from your questions that you need to know how to do your own research. One of the brightest salesmen who ever worked for me constantly asked questions including questions he knew the person he was questioning shouldn't answer. He found out more that way than any other salesman I ever knew, but still, what you need to do is figure out how to do your own research. It's great to be willing to ask questions, but without the basic knowledge to be able to discern what's being said on yahoo boards is accurate, the odds of absorbing only accurate info are very poor.... Having said that, I suggest you walk away from this one until you have a better grasp of personal due diligence.
Being the contra indicator I seem to be, probably one of the best things is has going for it is that I've lost faith. First off, I can no longer believe in Clipstream as a "disruptive" (don't you hate this now highly overused concept?) technology. If it were to truly to be disruptive, there'd no way DSNY would go 6 months since announcing marketing without any major announcements. I have no idea what's not to like about Clipstream, but apparently there is for the big guys in a position to utilize it. So now you have a company willing to ramp up expenses by hiring a sales force for Clipstream paid for by the supposed cash cow revenues from Play MPE, thus it seems logical to be expecting higher expenses, essentially no new revs from Clipstream, constant revs from Play MPE and, therefore, DSNY falling into a loss for the quarter and perhaps a substantial one... And as far as the directors buy-in? Well that smacks of desperation in my mind, not something to like..... Sorry... don't mean to bash - just sharing the reasons why I've thrown in the towel..
Thanks, Brooklyn - That's what I was thinking too, however, I'm a bit more cynical about it than you. To me, by the shear size of the authorization, it seems like a potentially massive transfer of ownership of the company from outsider common holders back to the company employees and/or management. It sure seems to have the potential effect of massive dilution to my percentage ownership, which is a trivial amount btw.
Can anyone explain the meaning of this S-8 filing today nominally talking about 100 million shares (with only 216 million now presently outstanding) at maximum proposed price of $7.09???? And restricted stock units to be given away???? What is this???
Many scientists would argue as follows, "A truly unobserved event is one which realises no effect (imparts no information) on any other (where 'other' might be e.g., human, sound-recorder or rock), it therefore can have no legacy in the present (or ongoing) wider physical universe. It may then be recognized that the unobserved event was absolutely identical to an event which did not occur at all."
Well, what's interesting is the historical credence of what you say about reverse splits and the likelihood that that historical propensity for a r/s to not alter a stock's slide may actually be fueling on technical ground what's happening now, despite the fact that imho Jason is doing some very impressive house cleaning to enhance future growth. In other words, what may be fueling the slide now has nothing to do with nor is it commentary on whether or not mgmnt is successfully turning around INVE's fortunes, and everything to do technicals oriented traders who may know nothing about INVE specifics acting on the historical effects of reverse splits in general.. If one knows nothing about INVE but does know about the technicals of a reverse split's impact normally, then that person might very well jump on the trend. However, just as a reverse split in of itself doesn't impact a company, only its shares, a reverse split in of itself does not tell you anything of what is going on in a company internally at the time. There's nothing about a reverse split in of itself that guarantees the stock tanks. There's just historical evidence that MOST reverse splits are done for the wrong reasons. IMHO, this one would not be done for the wrong reasons..
The preferred as BBEPU is already described on quantumonline and the call feature doesn't come into effect until 5/15/19.
Coochy - What have the rating agencies said about the issue? They haven't rated it, have they??? I see where S&P rates senior debt B+, so I can't imagine BBEP wanting to get these junior securities rated... And given they are junior, and, therefore, not that far above the equity, are the preferreds really a good deal at 8 1/4% with the stock divvy at 9 3/4%?? I originally thought I mike take a stab at the preferreds just for the stability of payment vs. the stock, but with the recent history of slowly increasing dividends consistently over the past few years, it hardly seems worth it to me... Opinions?
Anybody have an opinion about the likelihood of a secondary being announced shortly after the earnings report? It seems as though they're overdue for one and timing's always best right after a quarterly report....Thoughts?
Yeah a real in your face move..... Think we care that you almost voted us out? Nope! And just to prove it, let's issue us some tasty freebies to in one hand while thumbing our noses with the other..... And gee, what a coincidence - the Form 4's get posted on a day when markets are closed for the long weekend.....
You do realize TheStreet Ratings are unauthored, robo produced ratings with practically no human input whatsoever, yes? I'll give you an example: As recent as 12/9/13, TheStreet was recommending GNI as a buy at 75.10 (it is now trading at 17.10) siting " its largely solid financial position with reasonable debt levels by most measures, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share." GNI is Great Northern Iron Ore and it is a royalty trust where all of its assets will leave the trust and revert to others on April 5, 2015. GNI will be essentially worthless at that time, and TheStreet Ratings didn't even know that. 2 days later, a little light went off at TheStreet and they issued a Sell after recommending it as a BUY for at least a year, with their first ever acknowledgement of the expiration date. So I would not put much faith in their ratings as a source of valuable info based on in depth knowledge of the company.
BTW, if DSNY was down 99% from 2000, it would have had to been at 9.99 then. Its high price was 3.90.
I don't know why I bother to reply to such a condescending attitude post, but for the sake of accuracy, DSNY is NOT down 99% from 2000. It's down 74% from its high in 2000, a year that had DSNY trade in a wider price range, both higher and lower, than it has this year. In fact, assuming yahoo historical is accurate, DSNY spent only 14 trading days in 2000 at a price higher than its present 52 week high of 2.93.
Not being impressed with the CC yesterday, I wanted to sell just a coupla thousand shares of DSNY this morning.... Opening bid shows at 1.06, I put in my order at 1.06. IMMEDIATELY upon my order being put in, shares trade at 1.06, bid goes to 1.05 and none of my order gets filled.... So OK, I'll hit 1.05 bid. THE EXACT SAME THING HAPPENS without execution of my shares.... I give up. Individuals who believe the market is rigged and they are impacted by HFT are right. What incentive does John Q Public have to participate when he knows he's the last guy on the totem pole???
I sure hope there are some analysts on the call willing to ask the tough questions....IMHO, It's hard to find anything to like in the numbers... no signs of any revs for Clipstream that I see on a quick look, and no signs of Play MPE's contract renegotiations leading to eventual increased revenues as per previous soothsaying comments from the company.... I'm getting annoyed and losing confidence in what I'm being told....Sooner or later, what's been said in the past has got to start showing up in the future as being provable and it's getting to be THE time to start pulling some rabbits out of the hat, Steven! I gotta see some rabbits.