They delisted to save money, because they were in a financial pickle....until the recent money raising transactions. Things are much better now, and that is the most important thing. Although I personally am very disappointed with the AMEX delisting, as I believe i was pennywise and pound foolish.
In any case, the story has the potential to get much better for Claude this year....and I believe it will.
Sentiment: Strong Buy
It's clear you don't understand this industry. Too bad for you. The demand for suspension assemblies will be growing considerably faster than the overall economy, over the next SEVERAL years, and HTCH's market share has a very good chance of going from 22% to 33% over that time period. I expect the next 6-18 months, in particular, to be explosive for the company. And I could care less about the fact that we have dropped as much as we have, in the near term. In fact, I am delighted. So much so, such that I own 2.5% of the company.
You have the grandiosity, and delusional self reverence that is characteristic of someone who is a drunk.
We will, indeed, be giving 3% of our final refined ounces to Orion. The ONLY reimbursement from Orion is the cost of refining their share of the gold. (The refining costs are very nominal.)
Therefore, One CANNOT simply multiply the $12 million received from Orion by 33.3333, and back out the amount of debt, to come up with an "overall value" of the entirety of Claude. That is a MISTAKE.
And for those of you who think you can, good luck to ya.
That having been said, I wouldn't own 4.7% of the company if I didn't think it was worth considerably more than the current 18 cents a share selling price. (My average cost is 22 cents, incidentally.)
Sentiment: Strong Buy
He's not interested in making money; he's interesting in fulminating...and mindlessly ranting...and brainlessly raving. Let's be clear: this is about his sick psychology, and has nothing to do with anything productive or meaningful.
I've seen the pattern for the last 6 weeks. Someone takes it higher, buying in volume, then lets it drop back, then comes back in again in volume, then lets it drop again.
$5 was a natural resistance level. But now we've broken it, and it looks like it may form as support, in the near term. Any kind of thermal coal price recovery, and this stock could readily go to $8-10, before the end of this year. And I still see $10-15 in 12-18 months.
Sentiment: Strong Buy
This is appalling and reprehensible. Horowitz has specified financials needs, because his "high living" demands massive amounts of cash. (He lives in one of the 10 most expensive zip codes in the U.S.) As indicated in the earnings conference call, the company didn't hit the originally anticipated level of income (or other measures) to trigger the bonus Horowitz was (apparently) originally anticipating. so what do these sleazebags do? They have the audacity to REVISE his contract to adjust THIS YEAR'S potential earnings, to MAKE UP for what Horowitz didn't earn last year,
This proves, HANDS DOWN, that Kenneth Scheriff and Jeffrey Franklin, the comp committee members, are CORRUPT FIGURES, and their exclusive INTENTION of being on the P&F board, and on the P&F comp committee (which is a scam entity), is to DO HOROWITZ'S BIDDING, to feather his nest, and to be rank SCHILLS, serving at and for the pleasure of Horowitz.
This company's "governance" will always be corrupt, because Horowitz himself is corrupt, and only interested in USING the outside shareholders' capital, to maximize his own personal gain. And a majority of the board members, 4 out of 6, are serving on the board, exclusively, to please Horowitz, and gratify him, and satisfy him. Brazenly and shamelessly. Why is true? Because the company's ROE, at under 10%, in no way justifies the CEO and CFO, combined, taking out an amount equal to roughly 50% of this company's reported income before taxes, for themselves.
Horowitz's pay remains utterly licentious, egregious, despicable, morallly larcenous, and is a defacto representation that P&F is NOT operated as a bonafide public company with a bonafide board. Scheriff, Franklin, and Solomon are in Horowitz's pocket.
I agree with you strongly on both counts. I was very upset about the delisting on AMEX, and told them not to...but they were obsessed with cutting costs....even if it harmed the marketability of the stock.
If the company is to be sold, it has to be for a fair price. In the meantime, we have the ability to increase our gold output, and have an honest to betsy turnaround here, which might help get a fairer price for the company in a sale.
The stock is ridiculously undervalued, based upon the value of Seabee with Santoy Gap. But the company was distressed for the last several months. now, however, with recents financing transactions, I believe we have the room we need. And the runway for a turnaround in our fortunes.
You are wrong. You are not thinking correctly. They are acquiring 3% of claude's PRODUCTION. They are not incurring any of the costs of production. claude is. M
What if I owned a retailer and sold you the right to receive 3% of my revenues....but i would incur all the costs of generating those revenues...including the costs of goods sold. The amount I'm paying you represents "pure profit" to you....and a direct return on your investment. But I'm incurring all the expenses to generate those 3% of revenues....and handing all those revenues over to you!
You're not calculating that correctly. they are getting 3% of claude's production, but are incurring NONE of the costs. You have to keep that in mind.
It is hard to figure out what the 3% royalty "imputes" the value of claude as a whole to be. In any case, I certainly agree with you that the stock is undervalued. In fact, as far as I know, I am the largest shareholder of the company.