If what you say is true, would that only apply to the issuance of common stock? How about preferred, warrants or other stuff?
"shelf registration statement on Form S-3 with the United States Securities and Exchange Commission ("SEC"). Following its effectiveness, the shelf registration statement would allow Global to offer and sell, from time to time, up to $300 million of common stock, preferred stock, depositary shares representing interests in preferred stock, and warrants or any combination thereof"
Sampson purchased 1000 shares yesterday at $10.44/share.
This was an open market purchase with money out of his own pocket.
Clearly he also believes the selling has been way overdone.
I'm buying lots more on any further weakness.
Nick Swenson of AO Partners. He has positions in AIRT, ELSE, and PDEX. I built up a huge position in PDEX earlier in the year - above 1.5% of the company, then sold it all off in one day when Seeking Alpha posted an article pumping it a few weeks ago. I've just begun accumulating ELSE - below $4 is generally a buy signal. Nick gravitates to companies with a low number of outstanding shares so they can more easily get a large ownership stake. As a result, they are thinly traded and have wide bid/ask spread. But, he's an activist and works on turnaround plays that are value-oriented...which all three of these are.
Or maybe they want to buy a lot of shares at $12 and sold the calls in an effort to reduce their cost basis assuming they get the shares?
I'm using the opportunity to buy cheap shares. If it goes lower, wonderful - I'll be collecting 7% dividend shortly. Between Friday and Tuesday folks were buying at $12/share and higher.
Let it go lower.
quite a few small caps all sold off during the final 2.5 hours.
The talking heads on one of the networks probably said something or did a story to cause people to sell.
They have to downgrade to hold.
Will be interesting what the new price target will be. I will say $2.50 to $2.75, maybe $3 seeing the way they've been so accommodating and giving them a long leash the past few months..
My "buy on the dip" was in July in the period after the last Francese purchase and before last quarter's earnings announcement. Since last quarter's announcement I have repeatedly said the remainder of the year would likely be soft based on my reading of management statements and uneasiness during that prior conference call.
If you read my posts here over the past 6 months, I think you'll see that every one of them has been correct. I'm actually quite surprised that every one of them is correct, but they are.
Will be looking to buy in December when tax loss selling kicks in along with year end Window dressing by funds.
Don't forget the dividend coming as well. Not a huge deal, but it's cash.
I mean look at what happened to DRAD when they announced a similarly good quarter. Granted, they are initiating a quarterly dividend, but I think that the financials look much better/stronger here.
Just need to have more investors take notice.
Once the numbers trickle to the sites that distribute the financials I think we should see more of that interest pick up.
Looks like Y! isn't very good if you include a less than sign and it is using it as HTML.
The rest of my post that was chopped off was:
When people run their stock screeners using whatever filters they like and include "and PE is less than 10" GSB will be included in the results.