millerchump, happy to see any new poster make a MILL comment. Especially a new member of Yahoo the same day he makes his first post on the yahoo message boards.
Sorry to be so late on this report. Got tied up on other business matters.----Good meeting all seemed very upbeat on the companies prospects. They believe all is running smoothly with the new manufacturing units ups and running. The only bit of real news beyond what was already reported is that the backlog was $25.5 million on the meeting date. So it looks like they added an additional million plus to the backlog since the end of the quarter. How much they shipped from the backlog since the quarter started was left unsaid.---On their open space building initiative they are prepared to move forward once all the building codes are in place. San Francisco being the most aggressive city that's moving forward in this regard. Keep in mind that no building owner wants to spend the money to upgrade until they are forced to do so. Who really wants to spend the money when their is no real payback to the owner in doing so? It was noted that after the 1994 earthquake California wanted all the hospitals to quake proof(as much as possible) in case of another disaster. As of now some of the hospitals are still fighting to not have to comply on that front. So yes a big market is out there for TAYD but most will fighting the need to do until who knows when.---A patent was issued on their "negative stiffness device" and they are also prepared to move forward on that front. Keep in mind however just because they are prepared to move forward doesn't mean that all the structural engineers have signed off on these knew technologies---One problem area is hiring enough skilled people to operate the machinery. Too many college graduated without a job, but not enough trade school graduates to fill the void at the manufacturing plants. And they are in competition with the other manufactures in the area who have the same needs.---All in all I view TAYD as a very undervalued company with a good future in place moving forward. Let's hope I'm right on that score.
I'm just saying it's not a very good environment to be striking a GOOD deal with JV partners. Like sam said he is glade they got $3 million for the Tennessee assets and not $600,000. Do you think these so called partners might not be able to make a better deal with others with the price of oil as it sits today?
Talking about partners when oil was trading at $100 is quite quite different than talking to partners at $75. Time will tell but I'd be very surprised if any JV deals are announced anytime soon.
Yep these ultra low 2010 prices and the example of a DEEP WELL that resulted in 100 bpd. I can see the potential JV partners just lining up at the door to get in on this venture with MILL.
What hundred barrels per day? Right now they are getting zero as I read the PR. They are trying to figure out how to get any production out of the well. How long is it going to take to find the "optimal way" to return the well to production?
Well if the state is pushing for an accurate boundary map on ANWR I like their chances long term. I say long term because to get any department connected to this "White House" to enact any change that might possibly foster development of any fossil fuel is a long shot at best.
The large drop was probably connected to someone knowing about the 100,000 share sale by the director. The rise who knows, except that if your selling below cash per share and you have done any fundamental research on ASTC like mars has done of late, then it's not hard to believe some big buyers may step in to accumulate at these levels.
The clawback should easily be used up on any losses booked this fiscal year. Unless that is by some sort of a miracle 1st Detect books a substantial amount of business prior to the fiscal year end.
You are going to believe what you want to believe. Why would the director hold on to the 35,000 share position if thinks were so bad? Give me a break.
The bad news is that one director decided to sell a large block at $2.56. The good news is the company decided to buy at this price level(very undervalued IMO). Note this director retained 35,000 shares after the sale. So one would have to conclude he needed the money from the 100,000 share block, but not from the 35,000 shares he retained.
Not knowing the inside details but one would have to surmise that the board was not happy with the lack of meaningful profits over his 6 years of leadership. Plus Mandor had 6 years as CEO to get this stock moving in a positive direction far above its current level and pretty much failed on that count. Note that the PR doesn't say he resigned. So one can assume he was fired. And the fact the new CEO is taking over on Friday suggests that the board has been secretly looking for a new CEO for some time.