Mon, Mar 2, 2015, 2:36 PM EST - U.S. Markets close in 1 hr 24 mins

Recent

% | $
Quotes you view appear here for quick access.

iPath S&P 500 VIX ST Futures ETN Message Board

markcusw 125 posts  |  Last Activity: Jan 20, 2015 8:25 PM Member since: Mar 9, 2010
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    3 Blind Mice

    by jonecash Jan 16, 2015 2:35 PM
    markcusw markcusw Jan 20, 2015 8:25 PM Flag

    Chuck...the yahoo message boards are slowly dying due to ignorant posts. Thanks for your contribution.

  • These new basher posters do not hold a candle to you. Give them some advice..they suck

  • markcusw markcusw Jan 15, 2015 7:27 PM Flag

    Nice post Jon..I am also invested in KNDI for the same reasons you have mentioned. China is dedicated to reducing pollution. Not only will China import ethanol, the govt is also encouraging EVA vehicles through govt subsidies. Check out KNDI. As always, do your own DD.

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 7:09 PM Flag

    This from 10 Q last March

    Subordinated Convertible Notes – On March 28, 2013, the Company issued $6,000,000 in aggregate principal amount of its Series A Subordinated Convertible Notes (“Series A Notes”), and warrants to purchase an aggregate of 1,839,600 shares of common stock for aggregate gross proceeds of $6,000,000. On June 21, 2013, the Company issued $8,000,000 in aggregate principal amount of its Series B Subordinated Convertible Notes (“Series B Notes”) for aggregate gross proceeds of $8,000,000. The warrants have an exercise price of $7.59 per share. Of the warrants issued in the transaction, warrants to purchase 788,400 shares of common stock expire in March 2015 and warrants to purchase 1,051,200 shares of common stock expire in June 2015. The net proceeds of these offerings of $12,560,000 were used to (i) purchase $6,665,000 of the Plant Owners’ debt maturing in June 2013, the maturity of which was also extended at the time from June 2013 to June 2016, and of which the Company immediately retired $1,122,000; (ii) acquire an additional 5% ownership interest in New PE Holdco; and (iii) purchase and immediately retire an additional $3,500,000 of the Plant Owners’ term debt.

    Unless converted or redeemed earlier, the Series A and B Notes were to mature on March 28, 2014. The Series A and B Notes bore interest at 5% per annum, compounded monthly. All amounts due under the Series A and B Notes were convertible at any time, in whole or in part, at the option of the holders into shares of the Company’s common stock at a conversion price (“Fixed Conversion Price”), which was subject to adjustment as described below.

    The Series A and B Notes were initially convertible into shares of the Company’s common stock at the initial Fixed Conversion Price of $15.00 per share. If the Company sold or issued any securities with “floating” conversion prices based on the market price of its common stock, the holder of a Series A or B Note would have the right thereafter to substitute the “floating” conversion price for the Fixed Conversion Price upon conversion of all or part of the Series A or B Note.

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 6:36 PM Flag

    From 2010 through 2013, we issued in various financing transactions warrants to purchase shares of our common stock. The warrants were initially recorded at their fair values, which are adjusted quarterly, generally resulting in non-cash expenses or income if the market price of our common stock increases or decreases, respectively, during the period. Due to the substantial increase in the market price of our common stock in the first quarter of 2014 and because the exercise prices of these warrants were, as of March 31, 2014 and September 30, 2014, well below the market price of our common stock, the fair values of the warrants and the related non-cash expenses were significantly higher in the first quarter and first nine months of 2014 than in the comparable prior periods in 2013, which resulted in unusually large non-cash expenses for those periods. These fair value adjustments will continue in future periods until all of our warrants are exercised or expire. These adjustments will generally reduce our net income or increase our net loss if the market price of our common stock increases from the prior quarter through the date of a warrant's exercise, if exercised during the quarter, or if our common stock increases on a quarter over quarter basis for warrants outstanding at the end of a quarter. Conversely, the adjustments will generally increase our net income or re Less

  • Reply to

    Warrants

    by markcusw Nov 14, 2014 7:20 PM
    markcusw markcusw Jan 15, 2015 6:34 PM Flag

    Nobody responded to this post of mine regarding description of outstanding warrants in November. Anyone care to comment on impact of earnings?

  • markcusw markcusw Dec 9, 2014 8:41 PM Flag

    Kelly..of topic...but there is not much talk of impact of warrants with Q 4 earnings. The 10 Q stated 800,000 remaining and as long as the PPS is below 18 it is positive to earnings. Any guess as to how many may be left to exercise?

  • markcusw by markcusw Nov 14, 2014 7:20 PM Flag

    The following is from the 10 Q and explains the warrants. I am thinking it has dictated to PPS swings along with the volatility in the margins with input costs. From the CC from earnings, they still had 1 million of warrants outstanding. Based upon the below, there should be 800 k left to exercise. I would like to ask some input from others here as to understanding the impact on the next quarter earnings as it is always confusing to me. Everything about PEIX seems so positive when you get past the warrants and keeping an eye on input costs to production . The warrants seem to cloud earnings.

    From 2010 through 2013, we issued in various financing transactions warrants to purchase shares of our common stock. The warrants were initially recorded at their fair values, which are adjusted quarterly, generally resulting in non-cash expenses or income if the market price of our common stock increases or decreases, respectively, during the period. Due to the substantial increase in the market price of our common stock in the first quarter of 2014 and because the exercise prices of these warrants were, as of March 31, 2014 and September 30, 2014, well below the market price of our common stock, the fair values of the warrants and the related non-cash expenses were significantly higher in the first quarter and first nine months of 2014 than in the comparable prior periods in 2013, which resulted in unusually large non-cash expenses for those periods. These fair value adjustments will continue in future periods until all of our warrants are exercised or expire. These adjustments will generally reduce our net income or increase our net loss if the market price of our common stock increases from the prior quarter through the date of a warrant's exercise, if exercised during the quarter, or if our common stock increases on a quarter over quarter basis for warrants outstanding at the end of a quarter. Conversely, the adjustments will generally increase our net income or re

  • markcusw markcusw Nov 6, 2014 7:47 PM Flag

    I am with ya man. I was down big...right about your cost and had 2000 shares. I collected divs and special div and finally sold almost all of it at 38. With dividend I made some. If I were going to retire next year, I would buy it all back at these prices. I may start buying when I see oil, copper and gold start to stabilize.

  • markcusw by markcusw Oct 31, 2014 7:16 PM Flag

    Just wanted to thank you for your DD. I do not know if frequent posters here have noticed, but you seem to be spot on in your analysis of PEIX and buy and sell ratings. Do you work in the Ethanol industry?

  • markcusw markcusw Oct 31, 2014 7:01 PM Flag

    Christmas will be very nice thanks to PEIX this year. 2.50 to 24 and many trading opportunities in between. By the way...your caps key is locked on.

  • Reply to

    Welcome to the PEIX roller coaster.......

    by jlgaytan63 Oct 31, 2014 1:26 PM
    markcusw markcusw Oct 31, 2014 6:57 PM Flag

    I hope the volatility ends and we get a slow steady climb. They have cash now. The problem is the uncertainty with input costs and weather related as well as EPA mandates. It has been fun trading over the past 9 months.

  • markcusw markcusw Oct 31, 2014 6:52 PM Flag

    Hey Ray...let me guess your costume for weekend Halloween parties...the Grim Reaper?

  • markcusw markcusw Oct 31, 2014 6:50 PM Flag

    No need to challenge here...just keep shorting and stick to your thesis.

  • Reply to

    From today's the GPRE Press-Release

    by luke11111 Oct 28, 2014 4:58 PM
    markcusw markcusw Oct 28, 2014 9:23 PM Flag

    You took the words right out of my mouth. I am long...too long...but we need PEIX management to be share holder friendly..we need some guidance. Letting the PPS fall so drastically without word from management...what the hell. They need to be more transparent and not so defensive. Some time back...the CEO was bashing retail investors. Well...hello....the retail investor has allowed the company to re finance out of bankruptcy. Now the large investors have left...but retail is still here. It would be nice if the CC would acknowledge the retail investor.

  • Reply to

    shorts , DON'T Cover ~ Wait for IT

    by kellyfitzgerald1966 Oct 22, 2014 1:29 PM
    markcusw markcusw Oct 22, 2014 9:22 PM Flag

    Dont know if it makes a difference or not...but all of my shares had limit order for 30 bucks today. I will continue to do this daily if true that shorts cannot borrow.

  • markcusw markcusw Oct 20, 2014 8:53 PM Flag

    Holy sheet...you mean he sold some stock. I did not know that CEO was supposed to buy and hold stock forever. Bastads want to make money like the rest of us.

  • markcusw markcusw Oct 20, 2014 8:06 PM Flag

    I have plenty cash...always stay at 50 percent. However...I must admit that I gave up some hefty gains in my 401k account because I look at it as long term. In my trading slash savings account in TDA...I have been trading in and out. PEIX management needs to give more guidance rather than keeping everybody guessing. Even the so called pros...rating agencies got this wrong with estimated PPS to 28 bucks.

    Thanks for all of your DD.

  • markcusw markcusw Oct 20, 2014 7:41 PM Flag

    I am not a chart watcher. Still holding my shares, but earnings and input costs to production stabilizing will dictate the PPS. The drop in Ethanol and demand has destroyed the PPS. And...this company has become a trading stock like many others. I was trading successfully and holding long term shares. Unfortunately, I started buying too early when we started going down. I have learned my lesson and I am sure there are other longs here that will bail on any spikes. My opinion...but that will keep pressure on the stock.

VXX
27.051-0.568(-2.06%)2:36 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.