Obviously you misunderstood. That doesn't surprise me though with the level of your education. I suppose you think Michael Brown was gunned down in cold blood while he stood there innocently with his hands up, execution style. Like a cop is going to shoot someone execution style in front of the whole neighborhood. I truly believe what they have found is that the officer was protecting his own life as Michael Brown was running towards him to inflict harm. That's why he had his hands up.
You all will have your hands up too. Saying "why is RGSE going down"?
giving to the poor because you feel sorry for them. They didn't earn any of it.
Go to the Google on the Internet machine JR. Type in impairment charges. Learn what fair value and carrying value is. BTW I know I'm an #$%$. A rich #$%$ that is.
I stand corrected. I was looking at 6 months. Not short on this one Iammad. If everyone knows they will gross 34-36, up from 20 mil, why isn't anyone buying? Don't say they are because the price shows they aren't
And y/y quarter growth is lower. 34/36 vs 37.5 last year. A write down on good will means they failed the test between fair value and carrying value and therefore is impaired and must be charged off. this is important because the company is actually worth less they thought, thus the write down. Then we have the forecast. Can we trust them? Will they need more cash? Will they acquire another company? This stock is 2.00 for a reason
They're going write down the value of all three companies as a whole. Why? because there numbers are so bad.
If you put three companies together that all lose money, you will have higher revenue with higher losses. That's what we have here. Remember these companies were going under. RGSE bought them out for there cash.
Anthony D Paolo is the CFO who signed the document.
Anthony D Paolo had to turn in this document because it's an SEC rule that protects investors.
He had to do this because of the significant change/difference between last years losses and this years losses. If a company is about to lose 5 times as much as it did last year, you have to inform them. That's what the NT 10-Q is all about.
The street was looking for 39m in revs. RGSE will bring in 34-36. Although that's much higher than last years revs, it doesn't mean that you made money. They will miss by 3-4 mil. Keep in mind, when you acquire companies, you acquire their debt too, especially there ongoing project debt.
The Company estimates that its net loss for the quarterly period ended June 30, 2014 will be $20 to $22 million (also from SEC NT10-Q. There financials are so bad that they will have to re-evaluate their good will which means telling everyone that your company isn't worth as much as you think; thus the impairment charge.
Impairment charge: A specific reduction on a company's balance sheet that adjusts the value of a company's goodwill. Due to accounting rules, a company must monitor and test the value of its goodwill, to determine if it is overvalued. If it is, the company must issue an impairment charge on its balance sheet, to take into account the reduced value of the goodwill.
To be honest, i will buy RGSE if: The earnings are good. Both top and bottom, margin improvement and forecast. If you miss on any of these, down she goes. To prove my point, look at CSIQ and their earnings. That's why I continue to make money on CSIQ. RGSE could, a big could do the same on a much smaller scale of course.
In at 10.26 30.42 1000 shares. Out at 11:44 31.84. That's 1400 bucks after commissions in 1hr. 18 min. I would call that a killing for a days work. Tried on SEAS but couldn't get it to budge. lost 100 bucks.
Can't wait for they're excuses. Can't believe this is above 2 bucks.
It makes sense if you have time on your hands to hold a losing stock rather than using that precious time to make money. Sorry dude, volume used to be high. So did the price. If the stock market was that simple then everybody would win. Are you saying it's ok if you don't win because someone has to lose? I made money again today on CSIQ. People who were HOLDING RGSE didn't make #$%$. period.
They didn't make any money then and don't make any money now. It's a #$%$ company. 2 bucks. That's the same as 2 buck chuck. Actually 2 buck chuck wine is better than RGSE.
There is no place for wishful thinking in trading stocks. Holding on for a loss is wishful thinking. Buy stocks that have good volume that are going up not down unless your short. It's that simple grasshopper.
Congrats to those who held on while they lose money? that's actually pretty stupid. You do not have the right kind of mind to be trading in the market.
It went up 6 bucks. RGSE went up 3 cents. If you watched CSIQ go up all day while holding RGSE, you deserve to be Pis%ed on. Also traded CALL and SEAS from the bottom. Very good day. If you're holding 5k of RGSE, you made 15 dollars. Better call Dominos.
I like to come by from time to time to see all you idiots that still own this POS. It's amazing to me. I guess i'm curious how long some of you hold on. And, all the excuses I read as to why the stock is almost sub 2 bucks. It's funny to me to read the justifications. It's kind of like watching cops just to see how stupid the people are. That's all. Look at my posts. I told you fools to get out months ago. I will however ride it up if it does go. But in order to do that we have to get it real low this time.