Hey ...williamszxz is back. How's LLEN doing? Still making money on that one? Hasn't it been delisted?
Anyway, most of the time you cannot get in at that price with very thinly traded stock like this...the bid drops but the ask stays high and there are no fills in-between.
But you probably know that already...oh master trader
Once again, md, you are the contrarian indicator.
It seems once you make a post on the stock movement, the stock takes off in the opposite direction. We might have captured lightening in a bottle here. I might trade on it next time.
But I digress...
I'd imagine you saw some buying as the company has been more vocal of late...announcing an operational update, an RC update and then this latest report about their new advisor.
But the volume is still anemic so until we get convication (and we know when that will come), these small ups and downs are probably much ado about nothing
And I might agree with you that we will still probably experience another "are you kidding me" update before this is all over...except for me, I'm a bit more passionate, so it's more like "what the F...!"?
I've remained as independent as can be, but this quarter is another example of hearing, 'wait and see...we have nothing good to report'.
Their losses exceed their revenues.
I mean at what point is it fair to expect results?
If you read the release you don't even get the feeling that anything is on the horizon...just more 'lumpy' quarters expected.
Hardly elicits confidence.
You got it. Perhaps they should file an income statement first. All this talk about current and future cash flows is nice, but ask the average investor what they would like to see right now and I'm sure it's more like something out of the 80s movie "Armed and Dangerous"... - "Shut up and sign the F..'in form"
As I recall they released some PR about the BODs discussing what to do with their cash flows...that has to be 6 months + ago at this point.
And Moelis is the firm that took in former Rep. Eric Cantor. If you hate politics, these guys are the essence of 'pay for play'. But I suppose what firm doesn't want 'access', right?
If you think there could be some news later this month then it's still a good strategy as an opening buy/write transaction. You might get called away, but you still realize the 5%...and the $1.00 premium buys a bit of downside.
Personally, I don't know when we'll hear something, but I'm not about to wait for them. I've been writing calls all along on this stock and have written against my entire position for the last few months. If they should finally get their act together, I am sure the stock will rally a bit and that's ok. I've made more over these few months than we'll likely see in share price appreciation.
Even if/when they right this ship, I'll be writing calls going forward...The trust factor and the lofty expectations for this company have been permanently altered.
BTW: I am also long Jan $15 puts just in case we get a 'surprise'.
But the company indicated that they would announce the sale in the coming weeks. Just because "I" thought it would take longer doesn't mean everyone else does. The street knew this was coming. The day to have rallied was the day they first announced it.
I have been right about nearly everything. I announced many months ago they would not get more than another 4-6 plants sold (but more like 3-4). So far I am right on track with that.
And if you're posting that they have 40% of the plants sold as if it's a huge positive, why don't you think back to every PR from last year up until the end of summer this year when they said ALL plants would be operational with most of them being sold or leased by the end of 2014.
At this point I don't know that we'll see any others.
They may embrace clean coal technologies but they abhor tax subsidies. Additionally, the fiscally conservative wing of the Republican Party has been more vocal and influential than ever before. And with everyone focused on "fiscal responsibility", traditional "moderates" are being threatened by their right-winged opponents (who are bankrolled by the Tea Party). I would personally be somewhat concerned if the Republicans take control of the House.
Good to still see you on the board. Republicans have never met a clean energy solution they didn't want to veto/overturn. So gaining full majority in Congress doesn't mean much for the next two years, but it does make one worry that the only thing the Democrats have to cling to is the White House....and that might only be temporary.
This latest facility is quite larges at 7 million tons. Quite a bit more than average
Communication blackout has been suspended...nice to see there are people working over at ADES
Nasdaq granted a hearing to stay delisting
Company still moving slower than an 80 year old with an arthritic hip
Restatement could actually be pushed off until early 2015
No real sense of what's going on with restatement. Why is it taking so long? What other potential issues might be present?
They did not say 'couple of weeks'. They said "coming weeks"...and knowing their track record, that could be the end of December. Hey, the week of Christmas is technically a 'coming week'.
Not all of us are saying $140...at least not yet. I wrote Nov $90 calls against this a few weeks ago and got $8 for the option, (I've been writing every other month basically). This thing gets a good premium.
if you believe this run won't last, why would you cover?
what facts have you given? That you don't understand the stock market? Most of your previous posts have compared the stock price between GWPH and others. Meanwhile their market caps are what is a more appropriate comparison and GWPHs is $1.5B while Merck is $158B. BIG difference. So GWPH is still in trial stage, but there's great potential.
I like your 'WAGs'...they're almost always wrong. You're quickly becoming a great contrarian indicator.
Your other post today indicated frustration with the company and their lack of updates. So, I'm still waiting for your response to my post yesterday....'what is this company doing right in order to get its act together'?