The guy is the FOURTH CFO within two years...you might feel great about it but I think it is just another red flag with regards to fraud.
Rosneft working on giant oil deal with trader Trafigura - sources
Mon Mar 16, 2015 2:09pm GMT Print | Single Page [-] Text [+]
* Deal would get Swiss-based trader tenth of Russian oil exports
* Neither company commenting, but rivals sure deal is close
* Russian firm's access to credit squeezed by sanctions
By Gleb Gorodyankin and Dmitry Zhdannikov
MOSCOW/LONDON, March 16 (Reuters) - Trading house Trafigura is set to become the largest exporter of oil from Russian state-owned energy major Rosneft under a deal it is negotiating with the sanctions-hit company, industry sources told Reuters.
From April, Trafigura will start handling more than a dozen tankers or 1 million tonnes a month (240,000 barrels per day) of oil from Rosneft, over a tenth of Russia's overall oil exports, three trading sources familiar with the development told Reuters.
Rosneft and Trafigura declined to comment.
the company remains a joke
Trafigura is using the VLCC chartering JV from Frontline and TI
Perhaps for ZBB but not for their current shareholders. IF (and this is a big IF) their technology succeeds SPI will make use of their right to take control of the company for a rather tiny payment of $35 mln and reap the profits of the new technology. If it doesn't work (which most should suspect) ZBB will be obliged to pay back $28 mln in preferred shares. So there's no way current ZBB holders can win here.
You do not get it. Outside shareholders are screwed by this deal either way. If their technology works SPI now gets the company on the cheap through the conversion of cheap preferred shares and warrants. Today's shareholders will be diluted to around 25% of their current ownership in the company. SPI will own close to 75% of the company after the exercise of warrants and conversion of preferreds. So everything they would buy from ZBB through this agreement would be effectively a purchase from their own subsidiary.
Craig Hallum actually was the company's sole financial advisor with regards to this ill-fated deal, so what else should you expect here ? Again, if ZBB's technology succeeds the company just sold out to SOPW on the cheap. If it doesn't work they will have to pay back the preferred shares. Current ZBB investors are screwed either way. Share price is back on the retreat already.
Revenue guidance for Q2 is below estimates while eps guidance came in above. Fiberlan revenues still not material. They can't restructure forever to adjust to ever decreasing revenue levels.
This is a small contract for a pretty small distribution centre and they are hopeful to get 5 or 6 more out of the hundred sites. The equipment has already been delivered and revenues will be recognized next quarter. So this is all past news.
FXCM is essentially buying the customers from Citi for a rather small amount, otherwise the purchase price would have been disclosed. But this is not a material transaction as the transaction volume of Citi's clients is obviously a tiny fraction (around 8%) of the retail volume currently generated by FXCM clients.
Just decided against building a position here. After listening to the conference call again it is becoming increasingly clear the Q1 will be another poor quarter as management would have guided more precisely otherwise. So I will wait for Q1 numbers and outlook and will make a decision then.
That said I would not chase the shares today. Many traders will end up being trapped here today and this will put pressure on the share price during the next few days or even weeks. At times there's virtually no volume in the shares so I would expect the price to come back very substantially. Will start to build a position once the shares have fallen back into the $1.60s
sure - that would be twice the market cap of market leader First Solar...today's move is good for $300 million additional market cap. Even a blowout earnings report (which clearly won't happen) wouldn't deserve such a spike. This is just some low float squeeze attempt to go after some shortsellers. The shares might be very well back down below $1.40 this evening.
With the stock losing its early momentum quick here I even took a short position now, fully expecting the shares to give back all of the gains.
The float is very low so I guess some hedge fonds are using this advantage to make some money. I would use any pop to get rid of the shares. Todays' move means $250 million increase in market cap
VERY NICE gain already here from pre-market short. Still expect shares to give back everything