explain "further increased revenues are improving and their unproven reserves" shouldn't they already had a bump in revenues. Maybe you can explain why revenue are stagnant after drilling several wells and unproven reserves meaning the next well will be different.
IVAN was 7 a year ago and now its under 2. It bounced for a day and created bagholders like us. CHECK IVAN CHART ITS A DISASTER
1) Someone depserately needs to sell 2000 shares has to figure out how to sell without stock dropping 30 cents just by presenting true ask size. They sell in chunks of 100 shares.
2) Level 2 is meaningless if demand is zero. Yes throughtout the day demand was zero.
3) Great companies don't trade 1,665 shares. Someone would recognize greatness and snap up shares.
4) ARGYLE WHAT PE DOES THIS GREAT COMPANY DESERVE? I will either buy or sell based on your justification for the PE you believe it deserves.
TASR had a lead while DGLY was developing cloud based solution. Now both have cloud based solution.
DGLY has a tightly coupled officer cameras and car cameras.
In ferguson car camera + officer camera would have caught a lot more of the incident and the environment than just the officer camera.
Reading this paragraph from your post copied and posted below I realize you are obsessed and delusional about FPP. Truth is no one can say "There's 0% chance that I am wrong" or "I am willing to bet my life that FPP has been purposely manipulated down the past few months.". I can't say with 100 % with certainty that this isn't manipulated but if you invest once in a while you will be wrong. I believe you are wrong about the manipulation by external forces but have you considered insiders trading quietly to cause minor ripples in the stock price? This is a thinly traded stock that level 2 may be misleading, Level 2 maybe showing avoidance by participants which can be confused for manipulation.
I am not going to beat this to death. I am willing to bet my life that FPP has been purposely manipulated down the past few months. There's 0% chance that I am wrong. I watch level 2 quotes every day and I know what is happening is blatant manipulation. Nobody believes in conspiracy theories because most of the time they are wrong. I am not wrong.
Argyle BACK TO THE QUESTION YOU REFUSE TO ANSWER:
What is a fair PE for a stagnant company. I said 20 is generous and poor ole FPP deserves our generosity. Lets face it they have over promised and under delivered for the last 10 quarters. Forget the promises and look at the quarterly earnings tables.
The price was still going up in May but that's when I started complaining about highly suspicious trading
That is insider trading, as insiders find out it's a lousy quarter they let friends and families know its time to unload. This is so thinly traded that a 10,000 sell at the market could crater the stock they sell as quickly and as quietly as they can.
Argyle you claim to be a stock guru, question what PE should FPP have? I say 20 is a fair PE for a company with no growth.
Peak earnings and sales were in Q1/2012 after first well with Cimarex. XEC seems to be avoiding drilling last well by giving excuses.
Since first wellseveral wells have successfully drilled and severals wells have been worked over (workover program), but somehow revenues have been stagnant for a couple of years.
Debt has been creeping up and cash pile has been stagnant.
Every well's initial production described by management as amazing better than the last well, but overall revenues stagnant.
PE is 38 not exactly cheap. Question what is reasonable for company with stagnant sales.
So called manipulation is how thinly traded stocks behave. Many people avoid these stocks because they are difficult to get in and impossible to get out.
On top of all that signs of insider trading.
If you ignore the company's narrative with each earnings & drilling report and just look at SEC filings data you will see STAGNATION,
With everything I've written who believes a buyer is in the wings?
Who believes someone is doing everything possible to keep PE at 38.
I do give thumbs down to moronic posts and thumbs up to reasonable factual posts. I expect friends and families will be thumbing down at this post. I for one only care about getting out of this junk with a small loss or a small profit. Management is incapable of giving us monster surge in stock price.
If I was member of the Reaves family I would demand they find a partner/buyer ASAP.
The debt issuer more comfortable having equity in the form of DGLY rather than debt. Remember the debt holder had some inside info to pull the trigger.
Shorts will tell you converter had no inside info but the shorts have the inside info. and its all bad.
Sentiment: Strong Buy
As I said at the time when analyst gets angry throws tantrum time to back up the truck. Tell me he was doing me a favor 5 days ago, he wanted me to sell with emotions and he was going to buy with a smile.
Go read my posts for DGLY it's been discussed. He wanted to give company loan on his terms and tried to get it voted on it failed.
Sentiment: Strong Buy
Those guys should have talked to management to figure out sales OR they may have shorted in the 8 dollar range the day before and needed shares to cover OR maybe they talked to an analyst and got fooled.
In todays CC an angry analyst mentioned Bankrupcy. When analysts get angry they either guessed wrong or are trying to fool retail investors. With the conversion I have to believe it was bad advice by given by that analyst to some rich folks in NY who feel betrayed.
Those NY guys will do whatever they have to be made whole. We will have to wait and see if we regain the 6's in the next 2.5 months with a better earnings report.
Company will have to prove they have turned the corner. We have a short pumping night and day giving impression longs are desperate to get out. Unless you bought in the last runup 4 weeks ago you have been in this a long time and expect a huge bump in revenue in Q3. This is not a takeover candidate because corrupt management has it so good why would they leave?
Longs or shorts will win based on results not BS on MB.
Its good they have decided to have a CC. Otherwise, it seemed like the company wasn't executing and the executives didn't want to face the minority owners. Hopefully, things aren't as bad they appeared to be.
Last year when they had a good quarter they released earnings 7/24/2013. This time its 8/14/2014 this inept management will release earnings at the last moment when things aren't going well. The only thing longs can hope for along with earnings they give bullish guidance.
Thats like a salesman getting commission over minimum wage. The only way MNKD gets bonuses are if all targets are met. This tells me when all BP's looked at this they came to the conclusion this is not a blockbuster drug the deal MNKD got is "prove to me(Sanofi) this is a blockbuster drug if so I will pay you 775 M" otherwise you can go with 150 M for the mutual experience.
150 upfront payment+ 150 Million slaes + marketing costs. After spending 300 M they will know if they are interested in buying the company or not. The risk is assumed by MNKD if it rains or shines Sanofi is fine.
I am not sure if this will ever be a blockbuster drug, I feel like Al betrayed me.
One quarter later same old same old...We would have done great except for well #'s...
Expect little to no growth quarter over quarter.
I agree about manipualtion the difference is I think insiders are involved in allowing insider trading which leads to all kinds of manipulation including driving away institutional investors. I hope we are both wrong but price action speaks volumes.
maybe someone found out and sold, just speculating...