Don't know the rules, but would seem they should be able to give an update on signed contracts - MACT equipment sales and refined coal. It appears the issue is GAAP recognition of income (not that they're lying about deals they've inked)
I think its the result of switching accountants - little do with management. Will likely make them hesitant to disclose anything until they have their duck in a row. Would like to hear what's going in refined coal.
If insiders had been dumping shares, I'd expect fraud. With almost no insider selling (very little), I think its just an accounting treatment issue. In a couple of months it will be a non issue.
They went from having a regional company do accounting to having a big 4 do accounting (KMPG). There not hiding anything - they hire the big guys to do things right. In a couple of months, all about nothing other than a shift to the big league. They are doing the right things to make the company a billon dollar company.
Seems to me the issue is an accounting issue and not a fraud issue. They really should "talk to the market". Press release is scaring the #$%$ out of people/the market.
Better lucky than good. Glad I sold some shares and have capital on the side lines. Looks like we're going to get a big dip. Assume shorts on going to jump on this one.
I don't know what to expect either and, in general, did the same thing you did gorakrshna - have capital ready to buy if the story remains solid and there is panic selling for some reason (Q4 does not meet forecast, RC plants going into service will be later than projected............................). Don't like that we haven't gotten an operations update. Assume it could be they just wanted to review it at the board meeting?
For now, I'm hoping we spike up and I left some money on the table. Else I might just add some shares too if she sells off. Ok either way.
assume your $60 march calls are safe Haleway. This said, stock seems to be on the move. Hard to guess what we'll do into and out of the earnings report knowing a split is coming. stock is so illiquid, a 10% + swing up or down would not surprise me.
Their issue appears to be they focus on international. ADA appears to be right place, right products.
Pattern has been to release refined coal news first and then MACT equipment sales. Given earnings release on Thursday, assume we'll start getting news today or tomorrow.
agree MACT awards should be a bright spot. Assume they may be announced pre-earnings release early next week. Would be nice to get one more RC plant sold and other running.
On earning, won't guess how we'll trade. If people are expecting big things in Q4, the company has already said not to expect it (they reported refined coal sales at company plants + leased plants in the last operations update for Q4; . If people focus on what's happening over the next 24 months, its a really bright future. Thus don't know how will trade after the earnings release.
Nice to be back to/taking out $56; we're back to the upper end of our range. Notice the low volume which tells me most people are settled in for the long haul and aren't selling. Not saying we'll do it, but its only $4 to $60 (my target for April). Keep hoping the next update and split move us to a pre split of $60 +. Still think earnings will be a non event with Q3 = to Q4.
would seem likely we will. Hoping we can crack $60 pre-split.