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.
The NOLs lose their value in a merger, right ?
So that's roughly $1.70 per share.
My concern is after I had already voted for the company slate, I got a total of TWO overnight packages from UPS. The first one got here the exact same day that the stuff got here by regular mail and the day that Steels proxy came.
So that's $20-30 right there on wasted postage.
I can sort of see Steels point. The company has been on the block for years and nobody else has stepped up. So why should steel pay more than they have to ?
If $1.70 would be lost in a merger, why should steel pay for that ?
On the other hand, a few years from now, after they use up the NOLs, they likely wont be so far apart.
Might as well wait 2-3 years and try again.
Our risk is what if the markets decline, JPSTs value would go down with the market I guess.
A dividend in the meantime would be a good idea. Maybe 25 cents twice a year or something ?
GAAP losses of over $64 million.
Nuway oil & gas=Belly up.
Nuway Medical=Belly up
Beep for free=Belly up
The more things change, the more they stay the same.
Whatever happened to their fantastic pet bedding product ? Oh yeah, almost ZERO sales.
If any fund or institution wants to take even a small position.
We hit $20 today.
“The only magazine that was able to make this kind of turnaround was Vanity Fair [back in the 1990s], but they didn’t substantially change their audience,” said Samir Husni, head of the Magazine Innovation Center at the University of Mississippi. “Maxim has two million lads who expect babes, beer and sport, and there is no amount of money in the world that can transform them into the audience you have at GQ or Esquire.”
Article is free if you google it but not if you click on yahoos link.
I would wager on it.
Paid touts pumping this and other stocks all the while selling private placement shares at large discounts and paying sales commisisons on top of that.
If you cant spot the patsie right away, YOU are the patsie.
Cant imagine them paying $13 but maybe they will offer $11.50-12.00. Hopefully, the board would consider that.
I voted against Steel but for $12, I would probably tender.
But, given their NOLs, I can understand if the board decides to hold out for more.
$16-17 two years from now beats $12 now.
I just wish they would at least buy shares back to maintain the bid at least $8.50.
nickwilliams614 = yet another CRIMINAL tout.
Illegally touting both this and the MHCC stock fraud.
It spent a good year over $25 back in 2005. Several times going above $30.
I don't think those figures are out of the relm of possibility.
And a merger or buyout when it does get there might be a good idea.
Based on recent sale proceeds of over $100 million.