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Crexus Investment Corp. Message Board

foreverwhiteroses 8 posts  |  Last Activity: Apr 18, 2015 6:55 PM Member since: Jul 16, 2004
  • Reply to

    Do the math

    by tommietomtom Apr 15, 2015 10:58 PM
    foreverwhiteroses foreverwhiteroses Apr 18, 2015 6:55 PM Flag

    Not only am I an alias but I'm also the guy who was in the grassy knoll in Dallas circa '63.

  • Reply to

    Do the math

    by tommietomtom Apr 15, 2015 10:58 PM
    foreverwhiteroses foreverwhiteroses Apr 16, 2015 1:37 PM Flag

    I've been a fan of INVE for a couple of years but ultimately bailed out of all my high risk stocks in October - couldn't stand the volatility. So I don't mean to come across negatively, but your comment could easily be turned around as a negative implication for INVE instead of a positive. What crossed my mind with this announcement was I wondered why CSCO didn't exercise the same strategy with INVE that Apple did when they chose to buy out Authentic at its very low market cap when they decided to use AUTH's technology in teh then upcoming IPhone? AAPL decided to lock in AUTH's technology and growth completely for themselves by stealing the company from AUTH's shareholders when they knew the impact of their own decision to use their tech. CSCO didn't do the same thing. I wonder why? Could it be the market's over estimating the long term value of this deal or that CSCO doesn't really consider INVE's tech that far ahead of the competition? I have no answers and kind of feel like Debby Downer in even bringing it up. It's just my cynical mind coming up with alternate thought for no apparent reason. I don't own INVE anymore, and won't be jumping in no matter what, so take this from whence it comes - a cynic with no dog in the hunt and no in depth analysis done.

  • Reply to

    Op-gen

    by davieswatson Apr 8, 2015 10:24 AM
    foreverwhiteroses foreverwhiteroses Apr 8, 2015 5:59 PM Flag

    I haven't read an IPO prospectus in years, but out of curiosity, I did skim OPGEN. I don't know whether it's more of a comment on the company or the status of the current IPO market but it amazes me that a company like OPGEN can attempt to go public with language in their S-1 clearly stating, "The report of our independent registered public accounting firm on our financial statements for the years ended December 31, 2014 and 2013 contains explanatory language that substantial doubt exists about our ability to continue as a going concern. Our monthly cash burn rate is approximately $500,000. Our current operating assumptions, which include our best estimate of future revenue and operating expenses, indicate that our current cash on hand as of December 31, 2014 of approximately $0.7 million, plus the 2015 convertible note funding and additional secured demand note funding in 2015, will not be sufficient to fund operations through the second quarter of 2015.
    'In the event the Company is unable to successfully raise additional capital, we will not have sufficient cash flows and liquidity to finance our business operations as currently contemplated. Accordingly, in such circumstances the Company would be compelled to reduce general and administrative expenses and delay research and development projects including the purchase of scientific equipment and supplies until it is able to obtain sufficient financing."

    Were I not familiar with TINY's past proven non-communications skills and ability to participate in monetization events that never translate to TINY's shareholder benefit, I might be tempted to say that with language like this in the S-1, it's no wonder they're silent.

  • Reply to

    Added to my Position

    by john914620 Feb 27, 2015 11:39 AM
    foreverwhiteroses foreverwhiteroses Feb 28, 2015 10:15 AM Flag

    I truly hope the day will come when MOSY shareholders are rewarded for their blind faith, but I'm actually amazed at the loyalty of the true believers.... I owned MOSY for 2 years awaiting some, nay any, signs of traction in its products via increasing revenues and every quarter the story was always the same - Len's pretty sure we're only a couple of quarters away from true greatness. Well, you guys have more faith and more patience than I, that's for sure... I gave up 5 months ago at 2.43... Good luck to the longs - I hope your trust, your diluted trust, is eventually rewarded.

  • Reply to

    Dividend Reinvestment

    by foreverwhiteroses Dec 29, 2014 8:49 PM
    foreverwhiteroses foreverwhiteroses Feb 5, 2015 2:04 PM Flag

    Actually, this stock has done pretty much what I have wanted it to do - meaning it has been a relatively steady performer, not subject to large price changes. It's been more like the tortoise instead of the hare, but that's what I was looking for..... investing in SPE does seem to be an excercise in trust since they don't even seem to file quarterly reports no less leave much of a footprint as to what they're doing, but so far, it's been an OK performer. My largest complaint other than the lack of information available is one you won't experience and that was how they handled the retirement of preferreds. The timing of their announcements was detrimental to shareholders as I remember, and I thought it could have been differently easily, but I don't really remember the details now. But that's done. So all in all, you're right, you buy this for its annual distribution, not overall market performance. BTW, if you don't know, they post NAV weekly on their website on Fridays so you can at least track how they're doing NAV wise.

  • Reply to

    Dividend Reinvestment

    by foreverwhiteroses Dec 29, 2014 8:49 PM
    foreverwhiteroses foreverwhiteroses Feb 5, 2015 12:31 PM Flag

    Sice - I'm curious as to why you say this about Goldstein, meaning how and where do you find out about what he's doing in the first place? By their own design, it seems as though even an investor can really find out practically nothing. Is there any source other than the what, semi-annual letters to investors? And I suppose the irony is not lost that he supposedly feasts on closed ends trading at substantial discounts when SPE itself is at an approx 10% discount.

  • foreverwhiteroses by foreverwhiteroses Jan 27, 2015 12:15 PM Flag

    What's wrong with this picture? Right now, you can buy 15 yr maturity TVE at a yield 208 basis point approx above comparable Treasuries or 4% YTM. TVE's coupon will RESET DOWNWARD on 5/1/15 provided the 30 Yr Treas is under 3.115% for the week ending March 26. With Treas right now at 2.34% that means Treas would have to move up by 77.5 basis points for TVE not to reset. IF IT RESETS, you can PUT TVE back to the TVA at par of $25 on May 1. With TVE now at 24.88, if you buy TVE and consider it a 5 month maturity you can get an annualized yield of 6% approx for the 4 month holding period assuming you put. I'll take that! And if it should happen to NOT reset, then you have purchased whats considered to be a US Treasury credit, the strongest quasi US Agency, at a crazy wide spread to Treas. It seems to me to be the kind of risk reward situation that works for me.

    TVC has essentially the same characteristics as TVE but happening a month later, so the same argument can be made, but the risks of a reset not happening are greater due to the longer time before the reset date and because the reset parameters are slightly more difficult to achieve..

  • Reply to

    GDP preferred stock

    by tylerbroek Jan 21, 2015 5:50 PM
    foreverwhiteroses foreverwhiteroses Jan 23, 2015 4:45 PM Flag

    Take a look at message board for GDPAN.... Dec 27 post....