When the shares were trading in the 40 to 60 cent range, you had people playing games...jumping in/out for fractions of a penny. That game has been shut down, as anticipated.
Now, the low liquidity is actually a sign that the shares are in stronger hands - most are not trading, but rather holding. Unfortunately, the result is that for the few who are looking to sell (many of these people who were playing the in/out game for fractions of a penny but are not holding what they never really intended to be holding), there are not a lot of buyers and there has been little promotion of the company/shares to this point to get it on the radar of more investors.
As I pointed out in my prior post, at this moment there's the added issue of being in this dead period between quarter end and the earnings announcement where there's no communication from the company and insiders cannot buy shares - and people who know this company and management know they would be buying lots if they could.
I am taking advantage of it all picking up shares daily and will continue so long as this game is going to be played.
I'm certain that over the next 6 months, management will look to attend some investor conferences and take more actions to boost the visibility of the company/shares. At this time, having seen the turnaround that's taken place over the past year, I'm happy to be buying and just wait this out as the shares are a great value at this time as the company continues to strengthen and post profits.
shares will be above $5 and $6 in the next couple months - you heard that here first.
at this time, officers and directors would be buying all the shares they could, however, because it is a blackout/quiet period between quarter end and the earnings announcement they are restricted from buying shares at this time. this is a typical situation that occurs and is what is taken advantage of during bear/short raids.
for investors who understand the company, and the situation, it is a great opportunity to acquire shares at cheap prices. nothing more than games being played with the shares.
Climaco has already delivered considering DRAD made the $1 million investment in the Tc-99m company. Climaco is also on the DRAD board and I have to believe the investment came about (or at least was facilitated) because he is on both boards.
as far as his consulting agreement, it's not as if he's not doing any work to earn the pay:
●Review the Company’s operations to restructure costs to render the Company more competitive;
●Evaluate all functions, including but not limited to sales, marketing, accounting, operations, and executive management as well as cost structures for each facility;
●Assist in the development of the Company’s strategy opportunity and other initiatives, including but not limited to the development of the Company’s medical isotope technology; and
●Other assignments as determined by the Board.
Notice the third bullet - considering Climaco's background, he is an expert in this area. DRAD made a half-hearted run to buy PDII, where Climaco was also a director (resigned the day DRAD made the offer), but that didn't happen. Should PDII's share price continue sliding, DRAD may make another attempt going straight to shareholders in a hostile takeover attempt. Down the road, there may ultimately be the potential for a threesome here between DRAD, PDII, and PESI with the Tc-99m business. For now, DRAD did go and purchase another company in a similar business to theirs which likely is also a Tc-99m customer.
So, in the bigger scheme of things, I think PESI is getting its money's worth out of Climaco.
hansyklerk, the same way you review the chart, so do the shorts. the same way a long will place a stop-loss order, so too can the short. it happens more often than you would believe. with a stock like PESI, because of the low trading volume, it actually makes their job easier, because we all know how inertia/momentum works, and when shares are moving lower, the odds are in their favor. I personally do not short, however, I understand the logic, and how it would apply in the current situation with PESI.
as far as PESI and the government, we all know the issues and the situation. company turned in a solid quarter with significant increase in revenue and another quarter of profits. if they are able to turn in quarterly profits at the current level of revenues, we know that is a good sign and that the cost cutting has had the desired effect.
with the DRAD investment for Tc-99m, this is simply gravy. PESI itself is a bargain at the current share price. any positive benefit of the Tc-99m process/company is over and above. this makes PESI an exceptional investment at this time - and the traders are oblivious. so, in the short-term, let the share price do what they please - makes no difference and more opportunity.
hansyklerk - you'd be surprised the people who short these days. the same way you have traders happy to get in/out with 10 cents, you have shorts doing exactly the same. shares approach 52 week low, and they arrive on the scene to collect their nickels and dimes.
I will pick up little by little daily as long as they would like to take it lower with "traders" taking their losses and "shorters" looking to capitalize on momentum.
these folks can play their games day to day, but the facts remain that the company is performing better today than at any time in the past 2 years, insiders were just buying shares in December at over $4.20/share and none have sold any shares.
thank you for your wisdom hansyklerk.
a little voice is telling me that you and roboklerk are one in the same.
quite interesting how you both only post on the same boards, at the same time, and have the same language/form to your posts.
again - love seeing your words in print, don't you?
too bad you can't remove this post - huh?
I love when technical "traders" read what their pretty pictures tell them because it has little to do with reality.
company has posted back to back quarters of profits and shares are at 52- week lows. outlook it better than it has been in a very long time and people are looking to sell now. this is actually a very good thing, because it will allow people who are looking to "invest" to acquire more at those "traders" expense.
Your posts are as funny as ever. Clearly you have a need to see your words in print.
Keep it up - as I know you will.
share action is typical these days - it really makes no difference what company would have announced with earnings, market was going to sell it off.
company has made excellent progress and clearly things have turned the corner.
looking (hoping) for continued selling to be able to pick up lots of cheap shares.
insiders buying in December up at $4.30+ ... that works for me.
sambordulac - we've passed each other in the past...drawn to similar banking names.
Why did CEO dump shares in February?
Why no dividend...not even a token amount?
Bank has nice amount of deposits for market cap and PE is respectable at this time, however, I don't like the CEO sale at this price level.
North Carolina market is not very exciting either, but the deposits/market cap has me interested.
already listed on NASDAQ since March 3.
the 1 for 10 reverse split was to meet listing requirements of NASDAQ Capital Market - $4.00 minimum bid price at time of listing. the objective was specifically for the NASDAQ listing. the shares will go over $5 on their own, then those funds will come along...give it a little time.
"Why don't you tell us in clear language why anyone should even consider investing in NHLD?"
1. Massive successful turnaround
4. Undervalued when compared to peers/competitors
5. Klein owning and buying lots of shares, remaining on the board
6. Fagenson owning and buying lots of shares
I am sorry that you do not understand how to invest, but have some personal vendetta against the company for something they've done to you in the past. You have made this blatantly obvious, though not man enough to admit it.
I have seen folks just like you camp out on various stock messageboards - for 10 years and longer posting continuously daily because they owned the stock back in the 1990s and it didn't work out for them. Go look at the two bozos on the CBRX board - they've owned the stock for 20 years and they post constantly daily attacking the CEO. Really unbelievable...but you appear to be of the same ilk.
Continue if you must, but the company will do well and so will the stock regardless of what you post.
That is why anyone should even consider investing in NHLD.
And sorry to disappoint you, but it is a very good case for investment.