Because of historical bad examples, there is a general mistrust of Chinese companies listed on the U.S. markets. This has affected Cleantech Solutions (CLNT) through unfounded "guilt by association".
Given the negative effect this phenomenon has for the company's shareholders, what are the plans of the company in this regard.
Sentiment: Strong Buy
They are one of the worst performing BDC's this year, maybe because of their low dividend yield. Most of them have a yield of 10% or more. MVC only 5%. So that would explain the bad performance.
Contributor released an update article on Seeking. An earnings update. He still thinks a parabolic move is possible.
The contributor has some points: it could happen again.....I am buying! Why Yahoo Finance doesn't publish SA articles anymore?
If anyone can convince me why this is a screaming buy, I would buy now. But even management is not interested to promote their company to investors.
Nada. LOL.....For current shareholders I would say: HOLD them! I will only be buying if I see growth in Q3 and I hear more about their plans.
Despite my current negativity, I think the company could be a take-over target. If management of course wants to sell their business.
To be honest I feel that a listing doesn't make sense for this company. They can better run it private.
No investor's conferences, hardly no press releases, ...............nada.
As long as it is a family business, incredible growth seems to be out of the picture. Yes, they announced some deal in China, but it was with a little OTC-listed company. Why not do some M&A activity?
I bet that MagicJack (CALL) or Vonage (VG) will takeover this company before the end of 2015. Both companies have the cash and are looking to expand their business in the VoiP market.
If even SA contributor @wakeupinvestor (Dutch Trader) turns negative. Last year he posted a positive article on SA, but on Twitter you could read today that he sold his position with a loss. Several reasons......
So who is going to write now a positive article about the company. Candidates?
Of course. There are enough institutional life science entities that are interested. Especially now they are commercializing their products.
They try to get the best of out of it, so they are not commiting themselves to say we are going to offer 5 million shares at $1.60. I think they have to pay down their debt to General Electric and look for some acquirer.
Our term loan facility contains affirmative and negative covenants that impose significant restrictions on our business and financing activities. If we default on our obligations, whether due to events beyond our control or otherwise, the lenders would have a right to foreclose on substantially all of our assets. A default could materially and adversely affect our operating results and our financial condition.
In February 2012, as amended in May 2013, we entered into a term loan facility with General Electric Capital Corporation and Comerica Bank, or the lenders. At December 31, 2103, we have an outstanding balance of $7.5 million under the term loan facility and we are required to repay the principal monthly through maturity in September 2015. As security for our obligations under the term loan facility, we granted the lenders a lien in substantially all of our assets, other than our intellectual property, for which we have provided a negative pledge to the lenders. The term loan facility contains several affirmative and negative covenants that impose significant restrictions on our business and operations. Among others, these covenants limit our ability to incur additional indebtedness; grant liens; merge or consolidate with another entity; dispose of our business or certain assets; change our business; make certain investments or declare dividends; engage in certain transactions with affiliates; encumber our intellectual property; or repurchase stock.
Our failure to comply with these covenants may result in the declaration of an event of default that, if not cured or waived, could cause all amounts outstanding under the term loan facility to become due and payable immediately and could cause the lenders to for
Personally I think it was clever from management to do the public offering around prices of $2. They had cash until Q3. If you read the comments of Dutch Trader on Seeking Alpha. The last contributor that wrote about the company. He sees it also as a big plus. Not that I believe all those folks writing there, but it makes sense. They can expand their sales force and their commercialization strategies, but maybe also repay some debts.