EDCI reminds its stockholders that effective January 25, 2013, EDCI has closed its transfer books. Since that time, certificates representing shares of our Common Stock are not assignable or transferable on the Company's books except by will, intestate succession or operation of law, and the Company will not issue any new stock certificates, other than replacement certificates. Transactions effected on the Pink Sheets or otherwise are not, accordingly, legally transfers of EDCI stock.
I wonder if this means FUR can continue to trade ?
Looks like EDIN will hopefully be paying out their remains soon. (after a lawsuit)
Due to the pending appeal related to an indemnity claim from the City of Phoenix against another of the Company's subsidiaries, the Company will not be evaluating a distribution until such time as that matter is resolved. Oral arguments for the appeal occurred on March 9, 2016.
I don't have the share count handy, but Id say we have a good bit of upside left from the current 41 cents assuming no big loss in the lawsuit.
I compute 64 cents per share assuming $200k for the indemnity issue. (And I have no idea of the amount its claiming)
Mar 21, 2016 0.035 Dividend
Nov 19, 2015 0.035 Dividend
Sep 15, 2015 0.035 Dividend
Jun 24, 2015 0.035 Dividend
Feb 23, 2015 0.035 Dividend
Jan 20, 2015 0.05 Dividend
Aug 28, 2014 0.05 Dividend
Jun 18, 2014 0.05 Dividend
Mar 6, 2014 0.05 Dividend
A better moniker might be "paid tout".
But, at least he didn't pump the MHCC fraud like many of the other blgo touts.
In my opinion, BLGO will NEVER have material revenues or earnings just like they haven't in the past 14 years.
This guys post got deleted.
He's just happy to rake in annual compensation of nearly 300K, year after year as if it were an annuity, Shareholders be damned. Big man do-nothing CEO. Unfortunately, they are a dime a dozen.
I feel very confident this is a safe bet, but I don't think your 12 month time period will happen.
We will see, but I fear a chunk of it could take 24-36 months to finish up. But, I think we will be compensated for the longer hold time.
Maybe the next call will tell us more.
Maybe I need to place some below market buy orders if it keeps going lower ?
Cant he just leave her his fortune ?
The problem is, a lot of institutions or funds or whatever CANT hold liquidating trusts. So they have to sell before it becomes one. That might be what we are seeing now.
Do we fall to $9-10 before it goes dark ?
The cost to remain keeping it public & trading is very, very small compared to the marketcap here.
I want it to remain public & trading and for FUR to buy back shares if it makes sense,
No evidence he has ever chased the stock , is there ?
I think we might have attracted someone with more capital than us who decided to join us.
I have a high degree of confidence the shares will increase 60-80% over the next 2-3 years hopefully sooner.
(In responses to LTFs proclamation, again, that TUES is a piece of #$%$ and that he sold out despite apparently buying at higher prices. But at $4-4.50 it might not be a piece of #$%$)
So here we are 6 weeks later with the stock at $7.96.
I don't know what to say here other than I haven't sold but Im a lot less bullish at $7.96 than I was at $5.57.
I kind of wish I would have bought a lot more on the $5-5.50 range.
On Jan 7th, I gave you an alternative to BLGO, which I believe is massively overvalued.
On that day, RCKY was 10.39.
BLGO was 44 cents.
Now, RCKY is 13.40+ an 11 cent dividend= 13.51 or +30%
BLGO is 33 cents, down -25%
A 55% difference in 2 and a half months.
Ive demonstrated that BLGO spends heavily on pumping the stock and Ive proven at least 3 of the pumpers here also pumped MHCC to zero.
BLGO has a long history of what I consider grossly misleading press releases.
It pays heavily in shares and cash to tout the stock. None of the bullish posters here are even remotely credible.
I believe BLGOs entire purpose in its 14 years is to provide a cushy living for the insiders. That happens at the
expense of shareholders.
How many more years of failure do you need to see ?
How many more hundreds of thousands should be spent on hype ?
03/17/2016 P 10 A $ 367.6931 323
He spent $3677 on 10 shares increasing his position by 3.2%.
His last buy was 14 shares on 12/15/14 at 360.34
According to Bloomberg he gets about $75k a year in directors fees from bh.
So this is not a significant buy. But, I guess its better than a poke in the eye with a sharp stick.
These laughable brand new touts come on here. Its like the paid touts think everyone is stupid.
I can only hope the SEC is going after what I consider to be criminal conduct by these message board touts.
14 years of business failure. Unless you count selling stock as the actual business objective.
The stock price has been driven into the ground, but the insiders get cushy salaries for failure year after year.
And they have a history of failed business attempts & changing business models with the overall objective seemingly unchanged....to sell shares to the uninformed.
The amount they spent on paid touts is unconscionable.
But, it beats actually having to be accountable for 14 years of failure.