Although small there are only buys this year:
P/S date Filed Date Company Symbol Insider Relationship Share Amt. Unit Price Total Proceeds Shares Owned Return(1m) Details
P 2014-04-11 2014-04-11 15:54:50 SPHERIX INC SPEX Hayes Anthony CEO 4,000 $2.35 $9,400.00 27,081 -42.98% view
P 2014-04-03 2014-04-03 17:46:52 SPHERIX INC SPEX Kesner Harvey J 10,000 $2.84 $28,395.00 13,700 N/A view
P 2014-04-01 2014-04-01 14:07:02 SPHERIX INC SPEX Kesner Harvey J 2,000 $3.10 $6,208.20 2,000 -47.81% view
P 2014-04-01 2014-04-01 14:07:02 SPHERIX INC SPEX Kesner Harvey J 2,700 $3.15 $8,501.76 3,700 -48.55% view
P 2014-01-27 2014-01-28 12:07:36 SPHERIX INC SPEX Kesner Harvey J 1,000 $5.79 $5,793.00 1,000 -18.87% view
Starting a position here for new comers is not a bad idea.. Although it will be long term upside potential outweighs the downside risk which is limited..
Today's filing of the shelf offering may have something to do with another huge % move down.. it appears no catalyst only large % moves down..
We may offer and sell, from time to time in one or
more offerings, any combination of securities that
we describe in this prospectus
having an aggregate initial offering price of up to
$30,000,000. We may also offer common stock or pre
ferred stock upon exercise of warrants;
and common stock upon conversion of preferred stock
or any combination thereof
Someone lucky to get out above .59? before BK announcement?... Lucky buying under .59 with the company surviving?.. This is a pure gamble.. I'm prepared for this to go the way of GMXR and would be surprised/ecstatic and greatly rewarded if they survive with the current common shareholders..
Maybe we should capitalize/utilize NatGas instead of flaring it!!
Maybe I should have waited one more day down 7% already.. will add at another 3% on this lottery ticket.. GL!...
Started a small position at $1.24.. looking to add on further dips.. A pure spec play for me..
Absolutely not selling at these levels.. It's time to be adding if we're ever going to get ahead on this investment.. I'll be adding at $4.94 and lower.. Still sad though..
Earnings before interest, taxes, depreciation and amortization may rise to $261.7 million next year, according to analysts surveyed by Bloomberg.
“That would be more than enough to service its debt as well as its operations, especially after the capital needs drop as the development completes,” he said.
Most of us longs lost the majority of our investment so do we salvage the .48 cents? losing .48 cents will hurt a little.. watching this move well above $2 one day if they pull this off would be brutal if we SOLD at .48 cents!.. GL..
Under a BK that cash is not theirs any longer.. so why not pay and "try" to turn this ship around?