If anyone took $7.81 seriously, the stock price would be a dollar higher than it is.
The loss was a penny less than expected. Revenue was lower than anticipated. Nothing there to celebrate or drive a stock price higher.
Dang missed on revenue (six million beneath consensus). There's nothing to celebrate and management would have it no other way.
There is no standing or formal offer. The 7.81 number was just tossed out there for a reaction. The revenue miss last night was predictable. The same people that want to take the company private are the ones who are managing it. The lower the share price goes, the better that 7.81 (or an even lower amount) will look and the less shareholder dissention there will be.
Facts remain: 1/10 of Amazon's revenue and 1/86th the stock price. Plus higher percentage growth projected.
It is rare to have facts at your disposal when dealing in the stock market, you are a lucky man. Congratulations on all the Xmas wealth you are about to accumulate with your short position.
The stock has found a range pending some kind of positive or negative news. There has been nothing for so long. Continued absence of news will simply push the stock lower and lower.
Ivan was second and then third quarter and now fourth quarter in its estimation of time for Tamarack approval. An Ecuador agreement and partner was predicted for this past summer. A number of HTL deals were in the hopper with announcements forthcoming "any time." Three unrelated business activities, but all whiffs to date. I'm amazed that Ivan is hanging in there at eighty-something cents.
Let me get this right. If a person owns a significant position in a stock, that disqualifies that person from being critical of that company? To the contrary, I think such criticism is the most notable.
I continue to hold Ivan because I believe that the Tamarack position represents a floor in terms of liquidation value that is significantly higher than represented by the current share price. However, the longer I have to hold this position in order to realize that potential, the more disappointed I become. I look forward to seeing some ray of light for the company, but it is just not presenting itself. No one likes dead money.
Suncor has more knowledge of the value of IVAN's Tamarack and HTL technology than pretty much anyone. Other companies participating in Athabasca production have a pretty good clue. Given that knowledge and lots of cash on hand, why does Suncor choose to make no investment in IVAN at ,80 a share? Why do the others with such knowledge, incl. IVAN insiders, allow the stock to languish at this level?
I don't think the money matters because Ivan will not raise 1.3 billion to develop Tamarack IMO. The key is regulatory approval of Tamarack, which will give oil in the ground enough value that the company can sell itself off for $3 a share. Given the company's track record, I don't think approval of Tamarack is expected at all. No way the stock would be at .78 if it was.