The stock will trade near the current level until the date of closing which is the effective date of the stock split. The next morning the stock price will open at approximately a 1/3 of the value. So if you bought today thats what would happen. Now the addtional shares may take two days to show in your acocunt.
I agree its a good stock with a lot of postives behind it, however I am worried that maybe it was really over priced, why else would explain the drop of 25% from its all time highs?
I cant agree more. Obviously they have substantial roadblocks to stay a going concern for the long hall, but they have newer rigs, they have little debt due until 2017 and they have plenty of rigs under contract for the next year to make it go. I cant see OPEC keeping oil prices as they are for more than anohter year. The 2 cents implies this is a 7 million dollar stock. Its equity on its balance sheet is more than 20 times this. Against them, if they had to sell their rigs in this environment, they would catch fire sale prices. Its worth the risk to by more. If anything postive happens, this could easily be 20 cents or more within the year.
Sentiment: Strong Buy
It just makes no sense. Here you have a company with a net book equity of 600 million but market value of nine million. Yes they lost the rig contracts and the next two years will be tough, but the riigs are not old and will be useable in the future.. If the company was in financial problems why did it reeem 1.9 million of notes due in 2042 now? I am down over 95% of what I paid. I feel that this stock will see a dollar within the next year, so maybe its time to pull the trigger and buy more however I may wait until financials get released next time because the company hasnt said a word over the past 45 days as its stock plummeted to near zero.
GME has the most room to run. Take a look at the price to earnings as well as the dividend yield and its hard to identify any gaming company better to own for the next year.
Sentiment: Strong Buy
Because its one of the strongest stock of the future. How many companies can handly beat earnings to the degree Sketcher can? Very few, and thats why this stock is a great stock to own even after this run up.
beefy boy as we all know you are biggest clown around. You bash this stock but have no basis to do so. Its financials are strong, they are going into other product lines to protect their future. Beefy Boy my guess is that you never even walked in a Game stop in your life because your clueless.
Im sure if a class action was possible agains a chinese entity such as this some #$%$ lawyer would have filed one. My guess is that we have no recourse. You can take a loss when it clear that a stock is worthless. The fact that they delisted this year and havent released financials translates into taking the loss on the 2015 tax return. Thats the only nuget any of us will get from this company.
I obtained this from lexis website:
Financial fraud: SEC v. China Valves Technology, Inc., Civil Action No. 1:14-cv-01630 (D.D.C.) is a previously filed action against the company, its Chairman, Siping Fang and its CFO, Renrul Tang. The action alleged that the defendants intentionally misled investors about the nature of the firm’s 2010 acquisition of Watts Valve Changsha Co., Ltd. to conceal its prior investigation for FCPA violations. It also claims the firm materially overstated income and understated liabilities for a wholly owned subsidiary. The defendants resolved the claims, consenting to the entry of a permanent injunction based on the anti-fraud, reporting, record keeping and internal control provisions of the federal securities laws. China Valves and Messrs. Fang and Tang will pay, respectively, civil penalties of $575,000, $75,000 and $40,000. Messrs. Fang and Tank will also be barred, respectively, from serving as an officer or director of a public company for five and three years. Mr. Tang is barred from appearing and practicing before the SEC as an accountant with a right to apply for reinstatement after three years. See Lit. Rel. No. 23266 (May 20, 2015).
At least this year we can take our tax loss. I hope some day we can get something but unless their is a law suit and a way to get money out of China thats the only benefit any of us will ever get. I would like a lawsuit against these crooks.
Carl, you should put your money under your mattress since you don't appear to have a clue about how the market works.
That is the dumbest post ever. Blockbuster never changed their model while Gamestop continues to modify their offering. Their stores are adding more than video games. Plus no one knows games better than Gamestop. if you want a new game, and not sure what to get talk to the Gamers that work at the stores. You cant sell your games back to Amazon or just about anywhere else besides Walmart. Lets see how that Walmart think works out. You cant find anyone to get in the cases to see games plus no one there knows anything about the games. Gamestop is the crown jewel for gamers. Plus you add their sprint mobile plus their digital sales shows that this company will continue to evolve as the market changes. Gamestop is as much of a blockbuster as Walmart or any other store chain is.
I understand why the drillers have gotten smashed this year, but VTG seems to gotten hit much harder considering their fundamentals. Im holding for the long term so hopefully they continue to keep their rigs pumping black gold so we can all get back in the black soon.
The word idiot is reserved for you. Beefy boy you guaranteed shares were going to tank yesterday. So why did Gamestop fire you, maybe its because your as clueless about their products as you are about how to invest without loosing your entire nest egg. Go get in those clown shoes and your bright red nose because that's who you are. An idiotic clown that cant even hold a job after getting fired from Gamestop. HA HA!
Your idea of a prediction is guessing heads or tails on a toss of a coin. You have never expressed any reason why you hate the stock or why the stock will drop etc etc.. You haven't said one useful thing on this board. Either you are a disgruntle fired former GME employee or your a complete fool.
Befstu you are the biggest clown in the world. YOU PREDICTED GME WILL TANK BIG TIME on Thursday. So please explain how they tanked. You are definitely the fool on this board. Let me hear your new idiotic prediction sucker.
I have been long this stock for a number of years getting in around $2 and got those juicy warrents. Anyone else still here from back there and whats your view of the dividend and stock price. The stock has been tradking in the same range for 18 months, maybe the new dividneds will help increase share pricce. I am thinking of selling buy dont want to bite the bullet with taxes on teh gain but its better than leaving my money here if this stock isnt moving. Any constructive comments would be appreciated.