BINGO,you are sooo on the money! I watched the same thing happen years ago in the oil industry. Apache was partnered with a small oil exploration company called XCL. XCL struck some huge wells in China, but XCL was cash strapped and couldn't meet their development obligations. They went bankrupt and Apache stole the assets and are now banking some serious coin on these wells. Completely unethical and RUTHLESS, but baby, thats business!
XCL shareholders now own useless souvenier stock certificates. AFFY shareholders will soon experience the same pleasure. Takeda will take ownership of O for virtually nothing.
Huge
If I were a CEO, I know I'd want to buy OMONTYS and expose my company to a lifetime of LAWSUITS for a minescule amount of profit. Oh yeah! Sign me up for that EPIC F-up!
Ok, wise guy longs, just make sure you read the following from the auction listing......COMPLETE CAMPUS CLOSURE!
Now go look at at Yahoo's profile for AFFY, look what the corporate address is. THE SAME ADDRESS AS THE AUCTION. They are shutting down. END OF STORY. Liabilities exceed assets. END OF STORY.
You deserve to broke, I DON'T CARE! Ride this thing to zero, but KNOW THAT YOU'VE BEEN WARNED!
I will come back an laugh at you when you don't have any money to pay for your sophomore year tuition.
Sentiment: Strong Sell
Google 'Heritage Global Partners' Go to their web site (useless yhoo won't let me post a link)
Scroll down the page and on the right hand side you'll see the Affymax Auction listing.
I really don't think OMONTYS is coming back.
Your mom is calling you, get off the computer and clean up your bedroom.
Looks like they've gotten financials 'better than' stable, actually looking for growth opportunities for mid year and beyond. Management can't think of a scenario where dividend is at risk.
Tone of most analysts questions was to guage the strength of the balance sheet as well as financing flexibility. I think they were quite satisified with managements handle on things.
Listen to the call, I think you'll like it.
8% yield with lots of upside potential.
Huge
Call me, I'm buying dinner tonight!
Sentiment: Strong Sell
Just hit Edgar
Got it from Twitter, THX!
Do you have a link for approval announcement on FDA web site, cause I can't find it!
And I forgot to mention it's a STOCK FOR STOCK DEAL, it's not even CASH!!!! Now the value of the deal depends on what MCF's stock price does.
We need to know what break up terms are on the deal and if there is a 'go shop' provision.
Call in number for the Conf call today is 1-800-691-0338, pass code is 6626916. If I'm available I hope to be on the call, it will be our only chance to confront Keel about this absurd deal.
Keel gets to be CEO of the combined company. Geez, I wonder why he gave the company away!
Do yourself a favor, go to the archive of CXPO's presentation at the the IPAA Symposium only two weeks ago on April 17th.
Here is a link that will get you to it.
http://finance.yahoo.com/news/crimson-exploration-present-ipaa-2013-150000423.html
Scroll through the slide presentation to slide-18 where it shows CXPO's Implied Per Share Valuation which included their unproved reserves is somewhere between $18.30 and $29.92 per share.
Either Keel was misleading investors at the presentation or he is giving the company away. I believe it is the later.
Huge
Sentiment: Strong Buy
What kind of under the table payoff did the CEO get to GIVE THE COMPANY AWAY?
For pete's sake, he just did a conference presentation where one of his sides showed IN THE MOST CONSERVATIVE SCENARIO, CXPO IS WORTH $18 PER SHARE!!!!
I think we need to vote NO on the maerger and YES to a new CEO!
Sentiment: Strong Buy
Was that Najarian getting out?
Revenues missed by a mile.
If you want a quality home generator you buy a Honda for $1200
If you want a good generator you buy a Generac for $800
If you want an inexpensive generator, you buy a cheap Chinese off brand for $500
NOBODY BUYS BRIGGS & STRATTON!
Jimbo Cramer sucks in another bunch of fools.
Sentiment: Strong Sell
Selloff was on low volume, i.e. hedgie boys playing games.
Nice job by CEO on CNBC explaining results.
What did anyone expect OSH management to say to vendors??? That they were going to file BK next week?
About 10 years ago I attended the annual meeting of a challenged insurance company, Penncorp Financial Group. At the meeting the CEO assured all of us that things were ok in the near term and he was confident that he could, and I quote 'save the enterprise'. He saved it alright, a couple months later he handed it over to creditors in a BANKRUPTCY! Lucky for me sold shortly after the meeting, the guy just seemed to cagey.
Unless the CEO said explicitly I WILL NOT FILE BANKRUPTCY, then he's probably going to file bankruptcy.
Huge
p.s. There was a retired guy at the shareholder meeting, he used to post here on Yahoo as EZMonet, he had a boatload of PFG stock. He trusted what the CEO said and rode the stock into the ground. A real shame, he was a nice guy.
p.p.s. Penncorps Board gave the CEO a nice $3 million retention package to stay through the bankruptcy. He got a new mansion, shareholders got ZERO. If you EVER think the stock market is fair, you are a complete fool. If I owned this stock I'd sell every share tomorrow and NO I AM NOT SHORT! I was actually thinking of buying prior to the bad news.
Sentiment: Strong Sell
Tiger is hott hott hott right now! He has skin in the game with Fuse Technology (symbol: DROP) an MSLP competitor
Wow, there is somebody trying to hold this thing back after hours. He won't push the price down, but he doesn't want to let it go higher than $25.5. My money says it's a hedgie boy who is short hoping to hold things back so we don't get a $3 gap tomorrow.
Nice positive guidance afterhours!
Long and strong!!!!!!!!!!!!!!!!!
Sentiment: Strong Buy