I have been in GRH for several years. Right now, I am down about $14K on 50K shares. I like the recent strength. Once barging of waste water begins, I think the company will move back to around $2. But then, what do I know? I've managed to lose money on this company so far.
I'm guessing today will end like most other days. We will trade above $1.00 all day, and then someone will sell 100 to 500 shares at a price below $1.00 at almost exactly 4:00 pm EDT.
You don't seem to understand that this company is only planning to be around about twelve to eighteen more months. The idea is to increase production and prove up the reserves. Then we sell and go home. Whoever buys the assets will end up paying off the debt.
I'm sorry, but I simply cannot stand anymore of the DWT idiot. He has made this message board more or less useless. It is difficult to find serious messages between the idiotic posts by him. I'm hoping that everyone else will put him on "ignore" as I have, and also quit responding to his posts. Responding to him only encourages him. He has never made a serious post. IGNORE AND DON'T RESPOND TO HIM!
I hope it goes down so I can pick up more shares. After the WV well results, there is nothing but clear sailing ahead. By the way, dwt, do your high school teachers know you text in class?
While revenues are indeed improving, we are not anywhere close to being healthy from the financial point of view. In the quarterly report, the company openly admits this. They even acknowledge that they are not in compliance with covenants in two existing debt agreements. Cherry picking the quarterly report to give only positive developments on a message board is simple cheerleading. Let's try to keep this a place to give realistic appraisals of the company. I am optimistic about the onset of barging. We need this to help the bottom line, or we will find ourselves waiting for Evans to bail us out again. Before you wail that I am a basher, I presently own over 50000 shares with a paper loss of over $15000.
I guess that includes the 4000 shares by GE. I bet he had that much money in his billfold. I hope the quarterly report stirs some action. Wow! 12000 shares traded today. I've been holding too many shares too long.
I don't understand why anyone would want to play the role of idiot. It appears that you really try to act like you don't have any sense at all. My best guess is that you are a high school student. They is no way that a grown individual would say the things you do. If you are indeed a student, maybe you will grow out of this. Otherwise, you certain appear to add zero value to this world. Go off into a corner and consider your options.
Just to make sure there are no misunderstandings, here again is your first post:
Why this stock is $8.48? Co history abominable. Never made profit, cumulative losses near $500m. One yr ago price $2.52.Overpaid CEO indifferent mgr & reckless gambler, BV .74c, projected eps 2014 -.75c/sh Since 2005 co has existed only on numerous & massive capital raise, i.e dilution, from 16m sh to 171m sh.Ambitious expansions have yet to pay off & nearly broke co. I just bought some series c pfd, pays monthly yld 9.5%, so much for their credit. Somehow MHR became darling of Wall St.Even Crammer gives it his top pick raring.$8.50? Beats the s out of me, let alone more
You tried to give yourself credibility by saying that you "bought some series c pfd". I don't believe you. If you really believed everything you said in your rant, you would never have bought the preferred. A company that was as bad as you stated would not be a good credit risk. You have obviously shorted a few hundred shares of MHR, and now you are all over our message board with slanderous comments. Yes, saying Gary Evans is indifferent and a reckless gambler is slander. Personally, you seem to have the same intellect as dwt. This is my last response to you. I don't want to give you any further credibility by responding to your short rants. You are now relegated to "ignore".
Well Marvin and Maydel, maybe you don't remember how sweet boxcompany was with his first post. Here it is: Why this stock is $8.48? Co history abominable. Never made profit, cumulative losses near $500m. One yr ago price $2.52.Overpaid CEO indifferent mgr & reckless gambler, BV .74c, projected eps 2014 -.75c/sh Since 2005 co has existed only on numerous & massive capital raise, i.e dilution, from 16m sh to 171m sh.Ambitious expansions have yet to pay off & nearly broke co. I just bought some series c pfd, pays monthly yld 9.5%, so much for their credit. Somehow MHR became darling of Wall St.Even Crammer gives it his top pick raring.$8.50? Beats the s out of me, let alone more
If you show up with a rant like this, what type of response would you expect? Sounds like a short to me. He has continued to bad mouth MHR with all his posts. By the way, I hope you also have a great retirement and death.
Ferg, I found the following below. I'm not sure why this would apply to gains from the spin off. I know IRAs sometimes have to pay taxes in limited partnerships.
An IRA potentially has UBTI if it does any of the following:
operates a trade or business,
receives certain types of rental income,
receives certain types of passive income from a business entity it controls,
invests in a pass-through entity, such as a partnership, that conducts a business, or
uses debt to finance investments.
A "trade or business" is any activity carried on for the production of income from the sale of goods or performance of service. Any business is considered unrelated to the exempt purposes of an IRA or other retirement plan. Fortunately, the tax code specifically excludes certain types of income from the definition of trade or business income for UBTI purposes. The exempt types of income include interest, dividends, capital gains, and profits from options transactions. Royalties also are generally exempt.
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Every once in a while, we simply have someone unloading a large number of shares. This is likely being done by someone that has made a lot of money. They chose an up day on the market to help keep the price of the shares from dropping as much as they normally would when someone gets rid of a couple of million shares. Once they are finished selling, MHR will go back up. I don't like to see the price go down, but this is just normal market activity.
Your new reply is closer to being understandable now. I am up over 11% since I bought the preferred about a year ago. At the same time, it is yielding over 12%. I would say the upward movement on the price is due to greater confidence that the company will stay in business and continue making payments. I don't understand your desire to sell, but that is your choice. If you want to sell, why are you questioning the price increase? Just sell and go away.