I could cash out of another 10% over a year. Probably need to rid myself of this chronic underperfomer.
The 33.9% in the tender is a nice start.
Actually, since my position was removed, I tendered the entire amount and my broker bought the fractional shares automatically, that leaves me with no remaining shares....for now. Which suggests I will need to turn back on the DRIP.
Lots of people didn't tender, that means more for the rest of us.
Very pleased if that ratio remains the same.
Hopefully, the two follow on tenders 6 and 12 months from now will keep the discount from going to 14%+ again for some time.
Good lesson for negligent boards who do nothing to address large persistent discounts to NAV.
That's about $480 a share, isn't it ? Roughly. Hard to see it going there in the near term.
His buying is almost certainly limited to a certain % of the average daily volume. And that changes.
I hadn't even considered the 1 billion market cap thing
Mostly I play in much smaller stocks.
Last time, we got a 19% move from start to finish. If we get that again, starting at $370, we could be looking at $440. Of course, he could designate a price at which he isn't willing to buy more too.
Id be happy if we get to $425 and stay there.
Does anyone find it interesting that over a half dozen of BLGOs touts also touted the MHCC scam to zero ?
This codolan touted it as a 50 bagger. Its worthless. But you believe him for BLGO ?
These guys aren't even attempting to cover up their securities fraud.
The SEC will be coming for you. And you will spend thousands on attorneys fees. That's money that could be going up your nose. Because I have this theory that a lot of criminal stock touts are drug addicts.
Thanks. Did you do the math or was that in a filing that I missed. The 13d I saw, I counted 23,146 shares but I didn't do the math for the avg cost.
I presume the 854 came the next day.
Everything they have ever touted has failed. But go ahead, give them another 10 years.
Meanwhile, I will expose what I consider to be massive deception.
Read the SEC filings. Don't believe the hype.
They will never have any material revenues and they will never have any earnings.
But the executives live like kings on the shareholders dime.
The board of directors are negligent at best.
Reality shows 14 years of broken promises & multiple changing business models. The only sure thing is they ALWAYS lose money and lots of it.
But, they always spend boatloads on PAID TOUTS.
The first time, he bought at ever increasing prices starting at 327.65 to 389.74. I think there was 1 final trade that wasn't disclosed.
So its reasonable to think his buying could take it higher again. How high is the question.
The first one lasted a month. This one should last nearly 3 months.
I didn't do the math and get an average cost, maybe someone else will.
I had hoped for maybe an increase to 12 cents but really, buying shares back at current prices is a better use of funds. Maybe next year this quarter they can increase it.
Will be interesting if we see insiders buying. But with the company buying they might not want to compete with the company. But not always. Mark this post and check back in 18 months.
I wager the stock goes at least 50% higher by then.
And I think $18-19 is very possible.
If we go much lower I'm going to have to buy more in the open market too.