On Dow Jones about an hour ago
Goldman is a market maker in EVOL shares.
They could be on the other side of the put option.
Why don't you name what firm might be on the other side willing to accept that wager on 100,000 shares of an illiquid microcap where buying/selling 1,000 shares can move the price 5% or more? Surely you don't believe that there is an individual on the other side.
Key Statistics page shows 208k shares in the float - if you just handed over 176k, is that saying there are only about 32k left in the float?
thanks - and sorry - I hadn't checked back recently when you hadn't replied in a few weeks.
you may have answered with your reply on Jan 10...my question was with regard to the number of shares you held as you mentioned in a prior post that it was some percentage of the total and I wanted to confirm.
do you still own shares? or was the 176,000 everything you had?
your shares were sold directly to Leland/Avis? they contacted you? how did it come about?
Looking through the proxy, I have to ask the same of directors. What exactly does a director do to justify total annual compensation of $100,000? Certainly the directors have little control or power over Pappas. So what is their purpose, and why do they deserve such compensation?
just saw it - pretty amazing.
I want more, but want to pay less than $5.50...6 months from now I may be kicking myself.
could just be thinking "I may as well just put my money down and be happy taking the 8% annual dividend...eventually the shares will go higher, and if not, I still get the 8% a year".
hweb.audphil, it's been kicked around here a few times when the shares were up in the $10 area that company could be a buyout candidate at a higher price. Considering where the shares are today, and where the company is operationally, what's the possibility of a buyer coming along now? obviously, with the shares down about 50% from highs they could justify a lower price than at the time of the 52-week high.
What would the offer price need to be with shares in $5.50 to $6.00 range?
I like small community banks a lot and follow a handful very closely. Yesterday one of them, PFBI got whacked for no reason, just manipulated lower...my guess in advance of the shares going ex-dividend on Friday...hoping to drive it lower. The dividend is excellent (for banks in the sector), their earnings growth is very good, and they just raised the dividend a couple months ago. When interest rates move higher, so too will bank earnings.
The other is AETI - very low trading volume and liquidity. There had been a pretty solid base in place at $2.30. Then a couple days ago a seller just started pushing lower, and all the market makers pulled their bids and the stock dipped below $2 yesterday...on small volume. Today, some volume is coming back on the bid...but just to show the point, the shares are up 26 cents on 800 shares.
I'd guess today was related to the overall weakness in the market, but, the year end selling is picking up...a couple others I own/follow have been hit and with the volatility it's not too difficult to make some quick trades/profits to reduce basis.
I'll wait on buying more EVOL - maybe Dec 31 I can snag a few shares in the $5.20s (wishful thinking...though I really don't want to revisit that price level).
if they weren't buying, the shares would be back below $5.50 - that's a fact.
as much as your logic is true, mine is as well considering we are in the last few weeks of the year, tax selling is high, and most EVOL shareholders who have purchased shares in the past few years are looking at a capital loss.
seems like they are wanting to buy now and additionally support the shares during what is normally a period of heavier selling to get the tax loss by year end.
should make shareholders who decide to stay feel better and that the dividend will certainly be maintained.