Surprising to me.
Almost like a fund is buying.
However, Im still waiting for lower prices to buy back my tendered and pretender sales. $413.50-$420.
I realize I might miss out. But got some UNAM.
And they can make it another 2 years. Not so sure about PSUN.
But both could go belly up.
I look at BONT as an option. It might triple or quadruple and it might go to zero.
BH owns 9.5% with an avg cost of $10.855 from about 3 years ago. (Adjusted for a $1 dividend)
I picked up some at $9.01 and more at $8.51 before it fell to $8.15 today.
Book value is $13.28-13.44.
A fairly new director bought 5000 shares in the last few months despite already owning 24,000+ shares when being appointed.
And the company has been buying back stock.They spent $117,862 buying back stock during the last 3 quarters at an avg cost of $9.96.
UNAM reminds me somewhat of HALL which i bought years ago in the $6.50-8.50 range and is now $12.50. I still retail most of my HALL.
My guess is UNAM will return to the $12-14 range within the next few years.
Implying a potential gain of 46-57% from the closing $8.91 bid.
Oh, and i wont have to pay biglari part of my gains.
All he had to do was run a pump & dump.
And the SEC cant get him there.
And it seems the name of some of their funds has changed.
I played EMKR from $4.06 to $6.34 and its higher now.
On the other hand, Im down on FSYS which they led me to.
I don't think their recent TUES buy was very big relative to their first stake.
Another stock i followed them in PXWL Paid 2.27 and out at 4.97 and $5.49 . Now back in at $2.51,but becker hasnt bought again
And might they be working a $16-16.50 stock deal with some downside protection ?
Id really like to see a higher value here and gosh, it seems several parties could bid again.
This levitation act has lasted lots longer than I expected.
At some point, revenue & earnings are going to be required.
You can only sell "sizzle" for so long. In this case, apparently over 12 years.
BLUU, on the other hand, died a quick death. But apparently the CEO got a free house in an exotic location out of the deal.
I don't think any shares were sold and I have no idea how they account for it if they were.
Supposedly, only the pre-merger shares are entitled to anything from Jamul.
But If & when insider sales are sold, I don't know how future buyers know if they are buying with our without Jamul rights. It would seem the stock would trade at 2 different values if there were indeed shares that don't include Jamul out there.
I placed a call to their investor relations number about a week and a half ago. Left a message and nobody has returned my call. It was an investor relations voicemail but they apparently don't return calls.
Why are we paying for investor relations people who dont work ?
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been busting scams for 20+ years. would bet my life that this stock will lose at least 95% of its value within 2 years. Sitra=scammer $BLUU
Jun 25, 8:36 AM
You should be afraid to buy.
There is a very good chance your shares will eventually be worthless if you do.
The #1 predictor of future performance is past performance.
How has BLGO performed for the last 13 years ?
Continuous large losses every quarter and a massive destruction of shareholder value.
I was warning folks about the BLUU scam a few months ago. It went from 7 cents to zero now.
And the pumpers are nowhere to be found.
There is nothing to collect.
An ounce of prevention is worth a pound of cure. I was here telling everyone that would listen it was a scam.
But people didn't want to listen. They were going to get rich. Listening to reason doesn't really mix well with getting rich quick.
Revolving Credit Agreement - Commitment Increase Letter Acknowledgment
On November 17, 2015, The Bon-Ton Department Stores, Inc., Carson Pirie Scott II, Inc., Bon-Ton Distribution, LLC, and McRIL, LLC, as borrowers, and The Bon-Ton Stores, Inc. and The Bon-Ton Giftco, LLC, as obligors, entered into a Commitment Increase Letter Acknowledgment (the “Letter Acknowledgment”) supplementing the Second Amended and Restated Loan and Security Agreement (the “Loan Agreement”), with Bank of America, N.A., as Agent, and certain financial institutions as lenders, dated March 21, 2011.
Pursuant to the terms of the Letter Acknowledgment, the Tranche A revolving commitments under the Loan Agreement were increased from $650.0 million to $730.0 million. This brings total revolving commitments under the Loan Agreement to $830.0 million.