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Westport Innovations Inc. Message Board

notforutosee 38 posts  |  Last Activity: Mar 31, 2016 8:56 PM Member since: May 21, 2014
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  • Reply to

    WPRT !

    by notforutosee Feb 5, 2016 8:59 AM
    notforutosee notforutosee Mar 31, 2016 8:56 PM Flag

    DONT FOLLOW THE BUZZARDS...remember this?

    Sentiment: Strong Sell

  • notforutosee notforutosee Mar 31, 2016 8:50 PM Flag

    Fuel Systems Solutions Co-Founder Intends to Vote AGAINST Proposed Merger with Westport

    Posted: Mar 31, 2016 9:05 AM EDT Updated: Mar 31, 2016 9:05 AM EDT
    Beneficial Owner of Approximately 8.8% of Outstanding FSS Shares Sends Letter to FSS Board of Directors
    Believes Cartesian Agreement Represented a Clear Breach of the Terms of the Merger Agreement

    Cartesian Agreement Materially and Irrevocably Changes Future of Westport

    CHERASCO, Italy --(BUSINESS WIRE)
    Pier Antonio Costamagna, a co-founder of Fuel Systems Solutions, Inc. (“FSS”) (NASDAQ:FSYS) today sent a letter to the board of directors of FSS regarding his intention to vote against the proposed merger of Westport Innovations, Inc. (“Westport”) (TSX:WPT / NASDAQ:WPRT) and FSS. Mr. Costamagna has sole voting power over 1,584,589 shares of FSS common stock, representing approximately 8.8% of outstanding shares.

    A copy of the letter follows:

    Fuel Systems Solutions, Inc.
    780 Third Avenue, 25th Floor
    New York, New York 10017

    Members of the Board:

    I write to you out of serious concern for the future of my significant investment in Fuel Systems Solutions, Inc. (“FSS”). As you are aware, I am a co-founder of FSS and have sole voting power over 1,584,589 shares of FSS common stock, representing approximately 8.8% percent of the outstanding shares of FSS common stock as of March 7, 2016, making me one of FSS’ largest stockholders.

    I have become increasingly concerned about recent developments involving FSS since the announcement of the merger agreement between FSS and Westport Innovations, Inc. (“Westport”) on September 1, 2016. As a result, I intend to vote AGAINST the proposal to adopt the merger agreement and approve the merger between FSS and Westport at the special meeting.

    Sentiment: Strong Sell

  • notforutosee notforutosee Mar 29, 2016 7:21 PM Flag

    Westport Innovations Inc. (WPRT) on Tuesday reported a loss of $23.3 million in its fourth quarter.

    The Vancouver, British Columbia-based company said it had a loss of 35 cents per share.

    The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

    The maker of natural-gas engine technology posted revenue of $25.1 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $31 million.

    For the year, the company reported that its loss narrowed to $98.4 million, or $1.53 per share. Revenue was reported as $103.3 million.

    In the final minutes of trading on Tuesday, the company's shares hit $2.91. A year ago, they were trading at $4.05.

    Sentiment: Strong Sell

  • notforutosee notforutosee Mar 29, 2016 6:47 PM Flag

    Reports Q4 (Dec) loss of $0.35 per share, $0.07 worse than the Capital IQ Consensus of ($0.28); revenues rose 16.8% year/year to $32 mln vs the $32.43 mln Capital IQ Consensus.

    Sentiment: Strong Sell

  • In 2015, Westport revenues were $25.1 million for the quarter, compared to $27.4 million for the same period last year and $103.3 million for the year ended December 31, 2015 compared to $130.6 million for the same period last year. Adjusted revenue for the fourth quarter ended December 31, 2015 was $32.1 million and $110.3 million for the year ended December 31, 2015
    As of December 31, 2015, Westport's cash, cash equivalents, and short-term investments balance was $27.8 million. Cash used in operations, excluding changes in working capital, plus dividends received from joint ventures for the fourth quarter of 2015 was $17.0 million—a sequential increase of 15% or $2.2 million from the quarter ended September 30, 2015. The increase is primarily due to additional one-time costs related to the merger with Fuel Systems.
    Subsequent to year end, Westport announced that it had entered into an agreement with Cartesian Capital Group for up to $71.3 million in financing to support global growth initiatives. Westport has received $17.5 million in non-dilutive capital subsequent to year end and anticipates receiving additional capital contingent on reaching key milestones and establishing new investment opportunities. This financing package includes a contingent payment (derived substantially from future Westport HPDI product sales), a convertible debenture, non-core asset sales, and incremental funding capacity to support future product development.
    Cash used in operations, excluding changes in working capital, plus dividends received from joint ventures for the year ended December 31, 2015 was $46.8 million, a sequential decrease of 52% or $50.8 million from $97.6 million the prior year. The improvements result from prioritization of investment programs, cost discipline and favourable impacts of foreign currency translation from the Canadian dollar and Euro to the U.S. dollar equivalent.
    DOWN SHE GOES! TIIIIMMMMMBBBBBBBERRRR !

    Sentiment: Strong Sell

  • Reply to

    WPRT & Motley Fool

    by jfrancisofsi Mar 26, 2016 12:01 PM
    notforutosee notforutosee Mar 28, 2016 8:02 AM Flag

    Do yourself a favor and DONT FOLLOW THE BUZZARDS.! you'll be glad you did.

    Sentiment: Strong Sell

  • Reply to

    WPRT ! no volume is a bad sign.

    by notforutosee Mar 23, 2016 10:19 AM
    notforutosee notforutosee Mar 23, 2016 3:10 PM Flag

    OOOOOOH mr jimaybe...another loser heard from. DONT FOLLOW THE BUZZARDS.

    Sentiment: Strong Sell

  • Reply to

    WPRT ! no volume is a bad sign.

    by notforutosee Mar 23, 2016 10:19 AM
    notforutosee notforutosee Mar 23, 2016 12:18 PM Flag

    LOLOLOLOL HEHEHEHAHAHAHAH DONT FOLLOW THE BUZZARDS! A mind is a terrible thing to waste.

    Sentiment: Strong Sell

  • Reply to

    WPRT ! no volume is a bad sign.

    by notforutosee Mar 23, 2016 10:19 AM
    notforutosee notforutosee Mar 23, 2016 10:30 AM Flag

    lol i feel your pain mr morris lol lol lol lol DONT FOLLOW THE BUZZARDS!

    Sentiment: Strong Sell

  • notforutosee by notforutosee Mar 23, 2016 10:19 AM Flag

    Was wondering why no one has commented on the lack of volume the past month, if you really believe that the merger will help WPRT , you would think that they would be fighting for the shares. But the contrary has happened, NO ONE IS BUYING! Dont know how long wprt can stay afloat. DONT FOLLOW THE BUZZARDS.

    Sentiment: Strong Sell

  • LAKE FOREST, Calif., March 23, 2016 (GLOBE NEWSWIRE) -- Quantum Fuel Systems Technologies Worldwide, Inc. (“Quantum” or the “Company”) (QTWW), a global leader in natural gas storage and delivery systems, integration and vehicle system technologies, today announced that that it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California. The Company intends for the Chapter 11 filing to enable it to seek an acquirer through an expeditious 363 sale process.

    The Company, subject to obtaining court approval, has secured a $6.0 million debtor-in-possession financing commitment from Douglas Acquisitions, LLC, an affiliate of existing second position secured creditors of the Company.

    The Company has filed customary first-day motions with the Bankruptcy Court intended to support the continuation of its day-to-day operations for customers, employees, vendors and suppliers, and other business . WHO COULD BE NEXT!

    Sentiment: Strong Sell

  • Reply to

    Merger has been approved.

    by coolguydupe Mar 18, 2016 9:36 PM
    notforutosee notforutosee Mar 20, 2016 3:56 PM Flag

    Okie remember when i was telling you to sell at $40, $35, $25, $20, $15, $10, $7, $4, $2,.huh? And you keep buying! oh you silly fool even with the scam share price increase you are well over 90% underwater. i feel for you and mr morris.if this stock went to $10 you would still be a loser in the stock. You and morris will never recoup most of your money that you lost. face the facts. And this will go back to the $1.40 range soon enough. Hope you enjoy the dilution that is coming with the merger if FSYS approved it.

    Sentiment: Strong Sell

  • Reply to

    Merger has been approved.

    by coolguydupe Mar 18, 2016 9:36 PM
    notforutosee notforutosee Mar 20, 2016 11:04 AM Flag

    Fuel Systems Solutions, Inc. (“Fuel Systems” or “the Company”) (Nasdaq:FSYS) today announced that it intends to adjourn, without conducting any business, its special meeting of stockholders previously scheduled for March 22, 2016, at 12:00 p.m., Eastern Time. On March 22, 2016, Fuel Systems will announce the date on which the special meeting will be reconvened.

    As previously announced, the special meeting is being held to vote on the Company’s proposed merger with Westport Innovations Inc. ("Westport") (TSX: WPT / Nasdaq: WPRT). On March 7, 2016, Fuel Systems announced that it had signed an Amendment (the "Amended Agreement") to its previously announced Agreement and Plan of Merger with Westport dated as of September 1, 2015.

    Fuel Systems is adjourning the special meeting to provide adequate time for the filing with and review by the Securities and Exchange Commission (the “SEC”) of an amended proxy statement/prospectus in connection with the Amended Agreement. The adjournment will also allow reasonable additional time for the mailing and review by the Company’s stockholders of the amended proxy statement/prospectus.UH OH NEW DATE FOR VOTE. SOMETHING WRONG IN DENMARK

    Sentiment: Strong Sell

  • notforutosee notforutosee Mar 18, 2016 9:44 PM Flag

    Fuel Systems Solutions, Inc. (“Fuel Systems” or “the Company”) (Nasdaq:FSYS) today announced that it intends to adjourn, without conducting any business, its special meeting of stockholders previously scheduled for March 22, 2016, at 12:00 p.m., Eastern Time. On March 22, 2016, Fuel Systems will announce the date on which the special meeting will be reconvened.

    As previously announced, the special meeting is being held to vote on the Company’s proposed merger with Westport Innovations Inc. ("Westport") (TSX: WPT / Nasdaq: WPRT). On March 7, 2016, Fuel Systems announced that it had signed an Amendment (the "Amended Agreement") to its previously announced Agreement and Plan of Merger with Westport dated as of September 1, 2015.

    Fuel Systems is adjourning the special meeting to provide adequate time for the filing with and review by the Securities and Exchange Commission (the “SEC”) of an amended proxy statement/prospectus in connection with the Amended Agreement. The adjournment will also allow reasonable additional time for the mailing and review by the Company’s stockholders of the amended proxy statement/prospectus.UH OH NEW DATE FOR VOTE. SOMETHING WRONG IN DENMARK

    Sentiment: Strong Sell

  • VANCOUVER, March 18, 2016 /PRNewswire/ - Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT) ("Westport"), engineering the world's most advanced natural gas engines and vehicles, announced today that it held its Special Meeting of Shareholders (the "Meeting") in Vancouver, British Columbia and its shareholders approved all resolutions presented in relation to the proposed business combination (the "Merger") between Westport and Fuel Systems Solutions, Inc. ("Fuel Systems"). At the Meeting, shareholders approved the issuance of such number of Westport common shares as required according to the Agreement and Plan of Merger dated September 1, 2015 (as amended) to complete the Merger, with 98% of votes cast voted in favour of the resolution, 94% of votes cast voted in favour of the amendment to Westport's Omnibus Incentive Plan, and 98% of votes cast voted in favour of amending the articles of incorporation of Westport to change its name from Westport Innovations Inc. to Westport Fuel Systems Inc.
    "Our shareholders have spoken and clearly believe, as do we, that this merger will create a stronger company with greater scale, global reach and substantial synergies," said David Demers, CEO of Westport. "We look forward to working together as one company as we await the results of Fuel Systems' shareholder meeting."
    PRICE GOING DOWN. BIG TIME DILUTION, STILL WAITING FOR FSYS TO VOTE.

    Sentiment: Strong Sell

  • Reply to

    WPRT ! GO!

    by notforutosee Mar 17, 2016 1:44 PM
    notforutosee notforutosee Mar 17, 2016 3:39 PM Flag

    lol oh you silly fool mr morris i truly feel sorry for you. lol hehehahah

    Sentiment: Strong Sell

  • Reply to

    WPRT ! GO!

    by notforutosee Mar 17, 2016 1:44 PM
    notforutosee notforutosee Mar 17, 2016 3:32 PM Flag

    That's great nailpop, like to see people make money in the market, just dont like paid pumpers who thrive on greed and misery like mr morris. if your making any kind of money you should sell at this point. of course you do as you please it is your hard earned money. look for dilution if and when the merger go through, if not look for a big kaboom either way. so good luck to you. don't follow the buzzards, those carcasses may be your own!

    Sentiment: Strong Sell

  • Reply to

    WPRT ! GO!

    by notforutosee Mar 17, 2016 1:44 PM
    notforutosee notforutosee Mar 17, 2016 2:46 PM Flag

    mr morris i also said SELL for a 96% gain form $40 to $1.65.. pretty good advice don't you agree. if only you had heeded the advice i was giving ,,,and for free ! .sorry for the complete destruction of your portfolio. And yet you continue to pump like theres no tomorrow. You should be proud of the work you do for the paid pumpers mr morris. You have no shame.

    Sentiment: Strong Sell

  • Reply to

    WPRT ! GO!

    by notforutosee Mar 17, 2016 1:44 PM
    notforutosee notforutosee Mar 17, 2016 2:40 PM Flag

    mr morris my good man, you spew percentages like it makes a big difference to you and others who are stuck since the $40 range,even if this stocks goes up 1200% in a month, you would still be in the red. So dont go there. but good luck to you. hope you make all your money back, before it's too late for you. DONT FOLLOW THE BUZZARDS!

    Sentiment: Strong Sell

  • notforutosee by notforutosee Mar 17, 2016 1:44 PM Flag

    I just bought my son a little red wagon and it was powered by wprt/fsys ng parts ! My 5 year old loves the non pollution aspect of his red wagon. Keep on truckin with natural gas fuel.!

    Sentiment: Strong Sell

WPRT
2.46-0.10(-3.91%)Apr 29 4:00 PMEDT