I mean that the case was settled for $18.5 million. Now, because of not read the actual settlement, I am not sure whether the defendants will pay separately for the legal fees or whelegal fees are in the settlement amount. Either way, you're looking at some good change for shareholders
All I know is that shareholders from March 2013 through today June 16 will get distribution from the $18.5 million. Not sure whether there's a separate payment for legal fees...I assume yes.
Not sure you have any clue what you write. If you actually read the report, you'd see that sales were impacted because they tightened credit qualifications from the 4th qtr of 2016 through 1st of 2017 which reduced sts but produced higher quality sales. Revenue was higher than year ago. Delinquent sales is flat from a year ago 8.5% vs 8.9% (for a company that has provided $56 million reserve). Now, the only thing that has negatively changed since a year ago is the stock price. If you had read the report, you would not be falling into the trap shorts have set for themselves here.
Someone was buying huge at $13
Options. They want to catch in on those $13 puts. Except that whatever gain would be wiped out as the stock heads right up to $17 from here
It seems like this stock is where to be. Getting in early prior to June 21st might be a huge winner.
Unfortunately the sellers didn't come below $1.40 today which is my usual buy trigger. I am holding about 3000 and waiting for the push lower. PRGN has become a gold mine for me. Thanks DJ for alerting me to this.
You wrote "This is approximately $4.19 a share in value for anyone holding the common shares..." While your finding is definitely good for the common shares, the value is more like $1.46 per share - assuming a 35% tax rate.
You went too far back although with over 12000 percent on AMRIQ! I ca see why you picked it. But look at BTUUQ. Just two weeks into bankruptcy and today it is $1.44. Two weeks ago it went as low as $0.55 cents.
I tripled down
Amazing. Shorts will use every opportunity here to try getting some shares. Seems like it failed woefully..and they are some 5 million more shares to cover. In the release by VRX three weeks ago, they noted that Canadian authorities normally issue orders preventing insiders from selling shares until 10k is filed. Anyone not read it??? Unfortunately, I could only add 400 shares at $26.44
I am sure they read your post and maybe considered calling off the sale but it was too late. They'd be trying to figure out who leaked the news to n=you. No one expected a share sale because the one they sold in November 2015 has been called in. I remember one series of option was prepaid. This is one hell of a mess for GEVO. Please drop the name of the insider that talked to you.