Well I guess that's where we differ, I think they are currently buying back right now all shares available based on SEC rules and regulations they are under on open market purchases. We may not know the extent of their buying(or not buying) until the quarter we are currently in numbers are reported.
This market is not going to pay up for venture capital investment companies that continue to lose money each quarter. If they hit the jackpot on one of their units they will make a rapid rebound. If they don't then the sub 1's will show up quickly. Right now it looks like that is were we are headed.
Looks like the shorts were right on the money on this call. They are coining money today and may coin more tomorrow when the margin calls hit the over leveraged longs in ATTU. In this dismal market you can't miss this badly on your numbers and ATTU managed to do just that.
Reverse splits or forward splits are meaningless to the shareholder. Your percentage of ownerships is the same before and after these splits. Now if you talking about the psychology and behavior of the shareholder when these splits are announced that's all together a different story.
Not really, the partnership sold 2,549,919 from last monday until the wednesday 13G filing and in a personal account it looks like 876.932 shares were sold in the same timeframe. Only 1,089,904 shares left in the personal account. Going to be pretty hard that loss back IMO.
I'll give you three bits of hope. (1) The company uses the market price weakness to utilize their authorized $5 million stock buy back and (2) The company 1st Detect division and partner actually does land that government contract in the next 12 months. And (3) who knows maybe that Astral acquisition will actually prove to be a windfall in the not too distant future.
Well lets see right now they would have to have a rights offering of 100 million shares at the 25 cent closing price to get the 25 million you were looking for. And how far do you think $25 is going to go when they are losing money on all zinc sold currently?
Good luck on that prediction coming through. My guess is the next step will be a chapter 11 filing with a restructuring to follow with most of the common shareholders being wiped out. The common holders may be offered a small piece of the restructured company(5% or less) if they are lucky.
compared to its partner DNR now trading well below the $1 mark. I know that EPM is debt free; but if the oil your extracting costs well above what the market is paying I would say the business as it exits today just doesn't make any sense.
I agree with the Saudi minister and think the price will rise. I see that taking place in late 2017 from lower levels than today.
Nice post, but what will signal that things are turning up? We had a slight bump up in crude prices last year that many predicted as a signal of things turning up. So a bounce in the price may not be the real answer. It may take an announcement by SA that they are cutting production by 3 million barrels a day to get that signal you are looking for.
You'll be able to get in the single digits once again before the earnings come IMO.
and indicated they would pay it by January 31st. Hired Investment bankers to restructure and are having an absolute miserable time fixing the problems at their new plant. Add in the severe drop in the zinc commodity price and you have a recipe for a "potential bankruptcy" filing in short order.----My guess is that all exiting stockholders will be severely diluted by a restructuring of the company well before this year is over.
I see no insider buying. As far as the book value, that's somewhat meaningless as the company continues to lose money each quarter. At this point in time there doesn't appear to be any decent amount of business being generated by any of its business units.
Yes, i believe the best is yet to come for this company. And the ready buyers in waiting of late seem to agree with that scenario. What's going on in California bodes well for TAYD over the coming years. But the markets have many impatient investors looking for the exits when everything doesn't fall into place immediately.
Why delist and go through the expense of having to reissue new certificates to the few people that still hold those certificates? It makes no sense to spend any unnecessary money when you have so little. However I think a chapter 11 bankruptcy filing can be expected in the not too distant future.