Which was an empty shell with nothing except about 1.13 in cash and some NOLs.
I had hoped they might find something to merge into it but they apparently gave up selling most of their stake to B Riley for $1.20, slightly above market. BD retained 4.7%.
The transaction netted BD about $7.5 million. Which, I presume, might be available to buy TUES again.
With over 2 months left of tax loss selling, it seems reasonable to think TUES might get pounded by year end.
A new President could then start the remaining 27 years left on the turnaround plan stated by Rouleau.
It seems apparent that this company would be worth more to someone else than it is as a standalone public company.
Hire an investment banker and sell to the highest bidder.
Had an open buy order fill this morning at $12.62.
I thought I checked my orders last night but I must have missed it. I almost think I may have cancelled it.
After pumping us full of sunshine for a long time, they now say they don't have visibility into the future.
Apparently everyone stopped buying RCKY boots and went to McDonalds instead.
Will be interesting to see if any insiders step in and buy.
I didn't buy anymore. Probably should have.
I see about a 2% chance that RCKY doesn't trade above $20 again.
So there is a 30% return sitting there.
Savings accounts pay 1%...if you are lucky.
My bad, I was reading sartini before the merger.
You're right, its a positive $192 million. But $173 million of that are future writedowns.
272 consecutive quarters – dating back to 1948 – that Southern Company(SO) will have paid a dividend to its shareholders
Maybe BD sold some to Blazek since the guy has been around for years and doesn't own a share directly.
On the contrary, I actually read the SEC filings.
The SEC filings are the truth. The hype is designed to sell stock to neophytes.
Truth=13 straight years...52+ consecutive quarters of heavy losses.
Looks like "midwesties" replied but yahoo deleted the post.
They wont let us post legit links but spammers can do whatever
Over $160,000 and counting.
Their disclosure is incomplete and someone needs to report them.
BioLargo Inc. (BLGO)
Paid 36,365.00 in Stock on Aug 17, 2015 from Company
Paid 100,000.00 in Stock on Jan 01, 2013 from Company
Paid $24,000.00 in Cash on Jan 01, 2011 from Company
closed since Sept. 26. It’s been nearly three years since the Steak ’n Shake restaurant was built.
Madison Township.Adrian, MI
The business and property has a total listed sale price of $1.8 million.
He is stuck in CBRL and SNS. The insurance company is small and Maxim is too. The short position isn't going to pay off big either way.
There just doesn't seem to be any future 3 baggers ahead. (Like when he found CBRL)
So its hurry up & wait for CBRL to stumble so he can push his way onto the board and eventual control.
In the meantime, nothing. And it seems the market has figured that out.
Makes no sense.
You either need capital or you don't.