If you want to see an idiotic board - take a look at the Swift (SFY) Board. I'd like to reques that Yahoo just suspend the whole message board feature. I haven't owned SD since last Sept, but I was looking for Member's analysis on the SD Situation as it applies to the boarder industry.
Looks like 11 thumbs down were hoping for a .34 cent close too. Not gonna happen. Klili - send me the 100 bucks you owe me!
$100 it won't - send me your email address so I can send you my address on where you can send the money. Talk to you a 4:01pm EST
I think you hit it on the head. This was one of the reasons why SFY pulled the loan was due to the oil pricing used for the interest rate. Now the redetermination is coming into play with the asset vaulation.
When I spoke to IR, Doug mentioned that they work with 3 major banks who understand the oil/NG situation and he mentioned that they are not freaking out; and that the pricing redetermination is not more negative than the company is expecting.
Bottomline - is that we are in a price trough for the last 9 months, the Banks realize that fact. But there are signs that prices will start to rise, demand is rising, supply has slowed and is starting to drop, and major capEx projects have been shelved which all may contribute to a supply disruption. I think the banks are looking to minimize their risk but stay in the game.
You can have the whole company for $17M and the debt - still may not be a bad buy.
God only knows what the heck they have been doing since last Aug.
They either have some very strong plans to obtain a JV Partner, obtain the additional Loan, and/or to sell non-core/or some core assets to raise cash. Hopefully Lazard is here to sort out the best options.
Otherwise- I would expect them to:
1. Cut all non essential employees
2. Cut all employee salaries by 20-40% and pay with stock options
3. Cut Executive Staff salaries by 50% until positve cash flow
4. Renegoiate all vendor contracts - cut 30-40%
5. Cut Cap-Ex to $50M and perserve all remaining cash
6. Require Inside Stock Purchases by all Directors and Sr Management
put her on ignore - having a constant negative rant is meaningless and its nice to get her opinion off the radar.
notice the 12 thumbs down from the jeno aliases. LMAO - Ignore his copy and paste trivia news posts that he finds all over the web.
Do you post only to get people to hate you? It must be a tough life - I would not want to live that way.
Hopefully the selling won't continue into Monday. Short interest is still holding this stock down.
I'm sorry but who are you? And what did you do with Rebecca?
I sold at .58 and then placed a limit order at .52 which filled at 3:59:39. What dumby is selling 20% down at the EOD. If you want to sell, then sell into the run up. I don't get it.
I've lost track of this item - this was one of the questions from the conference call where Terry said is a 100% confident that they would make this payment - as part of standard business operations.
Explain how they trigger it - I assume someone starts selling a small number of shares below the current price in the last min - which then hits the stop loss triggers for all of those Longs who have the Limit Loss threshold levels set. Is that a correct understanding.
So if that's correct, then the drive the price way lower than they buy them back the next session at a discount. Correct?
there will be no pop today - if you watched CNBC this morning the media is so negative on Oil that I expect to see some drop - we don't have much more to drop before you can own the whole company for less the $1M. Expect a pop on Wed/Thur