And now with a warchest, lets hope he buys something that also does well.
And hopefully we can get some of the governance issues resolved.
Way too much stuff that looks bad. Even though the 25% after 6% isn't that bad by itself.
Him selling his fund to BH and then buying it back for less looks REALLY bad.
And, Im not a fan of regular rights offerings either. Live within your means.
Been here since July and has not even attempted to address the $40+ million in losses during Calverts watch.
Paid tout ? Paid salesman ?
Sentiment: Strong Sell
Almost no other investment would net him 11% upfront.
So he is, at best, unethical. And many companies like this often provide kickbacks on top of the 11%. (I cant confirm if that's the case here because they obviously would hide it if they did)
HNH will argue that the appraisal was incorrect/overstated. I think JPST even said HNH said it was worth a minimum of $11.20 using their method.
So I think the negotiations are between $11.20 and $13.00 although HNH will argue that however much they spent on the contest reduces that value.
As far as a 3rd party appraisal, that's a bought & paid for thing. A simply tweek can adjust the figures to whatever you want them to be. Even if there are no nefarious intentions.
Did your broker push this one you ? Id find a new broker. They pay an 11% commission. This stock doesn't belong in anyones account. Even at 20-25 cents per share plus free warrants.
I wondered how they got their marks. Free dinner and 11% commissions.
I bet they are lucky to net 20 cents per share.
Where did they get your name ? Sounds like you might be on a sucker list.
I went to a free dinner where they were hawking magnetic mattresses. We saw right thru it but a lot of people were suckered in.
I have to admit it sounds like BLGO is an even better planned deception than I thought.
Too bad I don't live in LA. Id be there handing out information sheets showing the REAL truth.
I think they could buy it for $12.50 but will probably be trying to argue it lower.
That said, I hope its $13+.
The fact that they have a tender offer open and are negotiating suggests seriousness despite what JPST has tried to say otherwise.
All the board has to do is recommend tendering, maybe adjust the documents a little and this could be a fairly quick deal. Assuming they can agree on a price.
Calvert is butthurt because I have been exposing his 12 year history of continued losses, & almost no revenues. As well mas materially misleading press releases and changing business models.
He thinks the truth is defamation. I disagree.
They spent $400+ to sue me in CA court. Despite the fact that I have no nexus to CA whatsoever.
They just cant seem to serve me. I guess process serving is just above their level of competence.
Its called a SLAPP lawsuit.
A strategic lawsuit against public participation (SLAPP) is a lawsuit that is intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition.
The typical SLAPP plaintiff does not normally expect to win the lawsuit. The plaintiff's goals are accomplished if the defendant succumbs to fear, intimidation, mounting legal costs or simple exhaustion and abandons the criticism. In some cases, repeated frivolous litigation against a defendant may raise the cost of directors and officers liability insurance for that party, interfering with an organization's ability to operate. A SLAPP may also intimidate others from participating in the debate.
They were mistaken if they thought frivolous litigation would keep me quiet.
Im not clear if he sold 3070 at $19.90 or 2 transactions of the same amount.
Common Stock, without par value 02/19/2015 S 3,070 D $ 19.9 5,465 D
Common Stock, without par value 02/19/2015 S 3,070 D $ 19.9 2,000 I Minor Children
Common Stock, without par value 1,535 I By Spouse
But based on his last name, I suspect its not a huge amount of what he might end up with.
Sold on the 19th.
A decent wager that a deal might reasonably be ahead.
Seems like SPH will offer at least $11 and JPST might accept around $12. But just my guesses.
Obviously, Id like the highest possible price. But I don't mind waiting 2-3 years if we can expect 12-15% per year increases.
I wonder how much they spent on the fight ?
I see it now. Its bullish. It means that if they strike a deal, they have everything in place to close it quickly.
The question is, how high would HNH go and how low would JPST sell ?
I don't see that. I see the blowout win....
Although given how much SPH owns, it was probably fairly close overall.
In excess of 90% of the votes cast by stockholders other than SPH Group Holdings, Inc. were voted in favor of the Company's nominees
Settlement of what ? You mean a deal ?
And another thing. Boyer is on the board at FOSL and recently cashed out of a bunch of shares.
I figure he netted about $1.22 million before taxes. And I suspect he owed a lot of taxes because his option prices were very low.
He has spent over $450k buying shares of TUES over the last 7 months.
He already has the CFO job. He didn't need to buy that much just to impress his boss.
The fact that he bought so much is bullish and I certainly didn't expect it.
Unless you can find something in their 10k that rewards him for buying open market shares.
PZZI has some kind of incentive plan. Cant recall the details.
I think I determined it was a better plan than just giving options away for free like so many do.
He has sunk in a couple years pay into the shares ? Why ?
Rouleau hasn't bought that much in the open market.
If I were you. Id look into the 10k & proxy and see if he gets options based on open market buys or something. At least if that's the case, you might actually have a case. Right now you look like a raving lunatic who has been 100% wrong for well over a year.
Its been well demonstrated this companys 12 year track record of destroying shareholder value.
Ignore it if you want.
I don't get paid when you invest in a scam stock. Others do.