"If you read the transcripts, the industry has suffered since that time, and most companies stock prices have lost money" GPRE is an ethanol producer they have not suffered go look. REGI also not down as much
Thanks odialt yep more elaborately put than what i wrote but same jist bwdik What happens now is the deal passes no choice (excluding white knight) or this will be sold without shareholders getting nothing they ran it to the ground spending $$$ and not running the asset they had all the share being bought now at this discount will be the ones voting as they will be shareholders of record on the buyout/screwing imo
they will end up like synm down for the count and lost all investors money who invested over the years turned chicken fat into fuel and jet fuel save your money and run they are using food source
The deal will pass because i have not been given the chance to vote yet so the the time frame not established yet for share holders of record.. those buying now and holding will be those voting....hope Im wrong....most of this is boiler plate take over legal jargon stuff but with synm and its management???? will the lawsuit eat all those regi shares away leaving nothing left for shareholders? IMO as usual
they were waiting for the tax extenders to pass for market clarity before starting the plant (late 2012 CC para prases memory) were passed and they were looking for clarity in the market. now think january feburay 2013 the tax extenders passed before any bid process begun but they did not start the plant they would have made money just like in 2012 running with their half of tax credits/rins, so discovery would be a hoot IMO "Tyson objected to the Start-Up" this was after they did not start up when rins were sky high with tax credits flowing and no bidders, unless they had one and were driving the price down so don't start the plant.....smells like breach of fiduciary duty to me, all IMO
fiduciary duty by not starting the plant without good cause we were told that waiting for the tax credit ect when it passed 9the extenders) then they did not start the plant instead we recived a gobblde goop excuse then say lost 20 million not running per CC so if a lawyer cannot make a case they should find a new profession IMO
the bad thing is the APP targets campus life ,when will renn target everyone as the name implies not just students?
happening REGI at 10.74 times .3809 = 4.09 and we are trading at 3.38 seems like a no confidence spread or big money holding it down to cover just a lil weird IMO
5.3 mil kept lets see i think it will be used for roth severance pay and directors yep thats my guess wana bet?
did you read the part about their management skills then think it all makes me want to PUKE might be time to short REGI if roth has a hand in it
cannot out vote them just like the reverse stock split.... the sad part is synm will be BK if this don't go through IMO they destroyed this company. i believe on purpose .......f em bwdik
who gave this a thumbs Down? was that you gary giving a thumbs down for your lack of management/engineering skills?