bro, check the date on that. was fy ending 2012. stock reverse split twice since then. ..this includes warrants... read last quarterly... look for same chart.. now tell us all what you see??? 50million??? nah... also worth noting definition of dilutive and antidilutive.
who cares? look at the fundamentals re price, rev, cash position, etc. undervalued at 10
you are aware there are 63,000,000 (thats 63million) shares? the insignificance of this revelation you posted cant be overstated... besides, the data isn't even accurate.
these are common grounds for a protest. sometimes they are valid. worst case, the gao says dhs needs to rebid it and or reevaluate based on the revised info. my hunch is that since dhs already looked at this again in protest 1.0 that ts are crossed and is dotted. tbd. what i know for fact is dhs has no use for tsys.
so they met with bd on the 18th... check out the 5day chart. slide started 19th, huge dump in am. Been coasting down ever sense. i read this as potentially one or more of
a) news aint great, those with knowledge selling (worst case)
b) people caught wind of meeting, saw no news as bad news, dumped since there was radio silence
c) general sell before the news bio run up... akin to holding through data-traders dont like to do this
net/net its hard to read the tea leaves of the tweets/8k... easy to draw both positive and negative conclusions. im interested to see the action tomorros as not too many saw the twitter info. 8k was AH.tomorrows action may illustrate the "take" on this update more than todays action did
a) you really shouldnt go to a message board for advice
b) that said, if you elect to do the homework youll come to the same conclusion. check the history on reverse split.. see all the cronies who have to be paid back... most importantly read the last 10q. what a disaster. no corner being turned. running on fumes. slb was the hope here. not a basher, not a lt bitter holder. was in and out in 6 mos, made a little but not much. thought there was limited downside - 10q revealed that to be wrong. hugeturd. buying at .14 maybe you wont loose much or can make some in a trade... but even in penny land there are much much better buys. good luck though.
only reason to own this colossal pos was a slb arbitration play. i thought it had turning the corner possibilities but after reading more doing more dd it became clear this was a hugeturd. theyve begged borrowed and a slb win was the only shot they had at making good. really was a one trick poney. headed to a nickle imo.
admittedly simplifed, but oil is a global mkt, with regional supply and demand considerations. prefrack boom, there wasnt really a spread. google 10 year chart wti brent spread-essentially parity until recently. usa fracking increases domestic supply...spread forms as global demand drives global price (brent) yet domestic price bumps along due to growing supply... on the margin, buyers for export of usa oil can buy wti price, pay dakp and others the transportation premium, and still beat brent price dlvd basis... over last year global demand dampens (china)... global supply (middle east) dosent really go down-these guys have to sell oil to prop up their kingdoms and one large customer (usa) aint buying as much... hence, global supply is long and price (brent) comes back to wti parity.
theres a dozen things at play on each mkt but imo this is sort of the macro theme... net net, as long as we keep drilling and as rest of world gets back on its feet its pretty hard to see a lt scenerio where the spread stays narrow. just one guys opinion.
higher spread increases demand for wti... means producers (or buyers) can pay the higher costs to rail and still make $ vs next best alternative. more volume for dakp. net net the long term play here is that supply is increasing and oil has to be sold. wo pipline growth which takes time the excess, which is growing, will go by rail.
the delay thing is what's eating DHS. this delay is pushing out "planned" cost savings (v.s delaying a spend). in the current budget climate i believe the tolerance for this top to bottom is much less than protesting a missle launcher or something. DHS needs to start saving money and TSYS is f'n around with their plan. not a good long term idea for TSYS.
I guess anything is possible, but that move would transistion from a relatively low cost low opp for success path (which this protest bs is) to a relatively higher cost, even less chance of sucess. Literally, for the cost of customizing a form letter from outside counsel they are able to protest. WYY is ticked, DHS is ticked. GAO should quickly swat this down, and off we go. Real question IMO is why TSYS wouldn't just buy WYY. Given PPS, this contract, and their relative lack of offering in this huge space it actually may make sense. WHat do I know.