Yep, nothing has changed regarding the monetization efforts. Long as company has funds to move forward, pps isn#$%$ greatest concern.
If any of that report is correct, and there's a lot off information and accusations, this stock is doomed. It may go up a little tomorrow, but its going to be dead money for awhile at best. Chinese companies are scary enough without the questions being asked about this one.
Noticed that too. Several stocks I used to short aren't shortable on Scottrade. Change in the back room?
Must be someone with enough shares to manipulate this big time, and with no news:
Manipulating stock prices legally is actually fairly easy.
The problem for individual stock investors is they don't have ready access to these techniques and, consequently, often end up on the losing end of these schemes.
Here's what happens, although there are many ways to accomplish the same result:
A big institutional investor (hedge funds, mutual funds, insurance companies, and so on) picks a stock that it owns and begins selling.
As it dumps the stock on to the market, the price begins to fall. Other investors unload the stock and the price continues to fall.
At some point, the institutional investor decides it is time to jump back in and it begins an aggressive buying program. Soon, other investors notice the price rising and they buy also pushing the price up higher.
Once the price is sufficiently high, the cycle can begin again.
What has happened is the institutional investor through its purchasing power can drive prices down and then buy back into the stock at a low price.
It rides that price up as others join the rally and pockets a hefty profit.
This is called the slingshot effect and was described in a much-quoted article back in 2009 by Jason Schwarz. He was referring specifically to Apple stock.
I was too slow and the price has run up very quickly.
Its only a $12 million contract, and they're still loosing money?
Why such a spike?
Several diver saves turtle on youtube. Bigger audience, so thats where everyone posts their videos.
Is there a period of time after an IPO before options are available? Is shorting not allowed for a period of time?
I can see where they'd need time to get some stability before they open things up, but how long does it usually take?
5:19 pm United Tech: Sikorsky awarded estimated $1.28 bln U.S. Air Force contract to develop new combat rescue helicopter (UTX) : Sikorsky Aircraft, a subsidiary of United Technologies (UTX), has been awarded a U.S. Air Force contract to develop new combat search and rescue helicopters. Sikorsky will develop a derivative of the UH-60M BLACK HAWK model for the Air Force's rescue mission. The award of an estimated $1.28 billion Engineering & Manufacturing Development (EMD) contract includes development and integration of the rescue mission systems; delivery of four Combat Rescue Helicopters; as well as seven aircrew and maintainer training systems. Initial training of Air Force aircrew and maintainers and five Combat Rescue Helicopters are also expected to be delivered by 2020, once additional aircraft and training options are exercised. This contract is the first step in the eventual production and fielding of up to 112 aircraft with a potential value of approximately $7.9 billion. Eventual production quantities would be determined year-by-year over the life of the program, based on funding allocations set by Congress and the U.S. Department of Defense acquisition priorities.
Failing to cost a job properly doesnt exactly instill confidence.
Yep, debt, inept management, losses, etc. Manipulators must have taken the day off, or shorted just to
shake things up.
...and its burning cash with significant losses, and some very expensive quarters coming up. I would think the company may consider a secondary to take advantage of the current pps. Company has a long expensive road ahead.
Operating Margin (ttm): -12,938.77%
Operating Cash Flow (ttm): -35.70M
Revenue Per Share (ttm): 0.03
Qtrly Revenue Growth (yoy): -26.60%
EBITDA (ttm)6: -41.90M
Net Income Avl to Common (ttm): -42.03M
Diluted EPS (ttm): -3.26
Return on Equity (ttm): -58.59%