But, Im thinking the market is now realizing its going to take longer than expected to show the EPS that would have justified higher prices.
A green light for me would be Becker Drapkin buying back in.
Who knows, if it drops a few points maybe they will ?
Im not going to stop exposing these guys. ever.
And CA law calls for them to reimburse my attorney fees when the case gets thrown out as it almost assuredly will.
Next step is apparently figuring out how to serve me by publication which seems over their head.
35 MINUTES FINALIZED FOR MULTIPLE EVENTS 05/15/2015 09:30:00 AM. 05/19/2015 1 pages
34 ORDER TO SHOW CAUSE RE: DISMISSAL CONTINUED TO 07/10/2015 AT 09:30 AM IN THIS DEPARTMENT. 05/15/2015 NV
33 CASE MANAGEMENT CONFERENCE CONTINUED TO 07/10/2015 AT 09:30 AM IN THIS DEPARTMENT. 05/15/2015 NV
32 ORDER TO SHOW CAUSE RE: DISMISSAL SCHEDULED FOR 07/10/2015 AT 09:30:00 AM IN C15 AT CENTRAL JUSTICE CENTER. 05/15/2015 NV
31 CASE MANAGEMENT CONFERENCE SCHEDULED FOR 07/10/2015 AT 09:30:00 AM IN C15 AT CENTRAL JUSTICE CENTER.
Not sure if this talk will lead to anything in the near term or not. If it does, great. If not, I feel like it might be worth more later after its fixed.
The risk is we fall back to $9 if nothing happens.
With $11.50 in real estate per Gabelli, Im confortable here.
Gores just got cold feel like someone who just leased a new car and realized they couldn't afford it.
For me $13.50-14.50 is what Im looking for within 12-18 months although I might take a quick deal at $12.50.
If it falls back, I would probably increase my position.
Ive had a fairly good trading record with PBY over the years. Hope that continues. But I don't claim to know everything.
Ive provided a massive roadmap of evidence. Ignore it if you want.
Like I said, I might be posting once or twice a month. But they are SUING ME.
They have no chance of winning so they are spending YOUR money to shut me up. And hoping that I will shut up instead of spending money to get the case thrown out.
Their plan BACKFIRED bigtime.
The truth remains and their SEC filings back up pretty much everything Ive been saying for the last 12-13 years.
Doesn't it both you they are essentially selling shares with a death spiral convertible ? Do you even "get it" ?
The want money so bad they don't care how low the stock must go to sell it.
Unless they think the current board would not be receptive to a deal.
Or maybe they didn't see this coming ?
I did....not now but eventually. I didn't know exactly when.
In any event, it cant hurt to elect a couple of the Gabelli guys and I suspect they will reach some kind of deal in that regard.
I don't think private equity is interested in overpaying.
I suspect they want to pay $11-11.50.
Hopefully we can get them to $12. But, Id LOVE $13-14.
Interest does not mean a buyout.
But hopefully it will lead to one.
For at least $12.
I rarely own a stock mostly for a takeover but with PBY, I do/did.
Please, buy more. Show me. Ignore the last 15 years. Calvert is a hero; Give him money.
Wait, you don't want his shares either and you are selling ?
This seems to be the leader of the pump & dump and he is only down almost 14% from his first post.
I submit that all or most of BOGOs bullish posters are PAID TOUTS.
Look at the evidence.
During a period where you could pretty much pick anything and win 70-80% of the time, all 3 of these posters lost money.
Currently 31 cents. Down 52%+ in a rising market.
on MHCC at 53 cents. Current price 4 cents. That's a 92.4% loss.
His first post on BLGO was june 18.2014. At .63. Current price 31 cents.
So you lost over 50%-92% of your money during a period of rising stock prices.
Paid Tout ?
Its 2.0725 billion. My bad. That means todays 31 cents equals approx. a 99.752% discount to $5 per share presplit. And I sold shares above $5 presplit.
2015 Unit Offering
On January 15, 2015, we commenced a private securities offering of “units”, each Unit consisting of a convertible promissory note and “Series A” stock purchase warrant. The price and availability of the Units are set forth in a “pricing supplement” issued from time-to-time, and priced up to a 30% discount to the market price of the Company’s common stock. The Offering is subject to an over-allotment of 20%, or an additional $1,000,000 in Units, for an aggregate total of $6,000,000, and shall be known as the Company’s 2015 “Unit Offering.” The Company has the right to register the common shares underlying the notes and warrants (“Shares”) with the Securities and Exchange Commission, and the obligation to register the Shares in the event gross proceeds of $3,000,000 are raised in the Offering.
Purchasers of the Units will receive a convertible promissory note bearing interest at the rate of 12% per annum on the amount invested. Any interest due will be paid quarterly in arrears in cash or shares of common stock. If paid by the issuance of common stock, interest is paid at a conversion price equal to the average closing price of the Company’s common stock over the 20 trading days prior to the interest payment due date. The principal amount of the note may be paid by the issuance of shares of common stock, or cash, upon maturity at the Company’s election. When paid in shares, the number of shares to be issued shall be calculated by dividing the principal amount invested by the Unit price, as it is established at the time of the original investment by the applicable Pricing Supplement. Notes may be converted at any time by the investor, at maturity by the Company, or by the Company prior to maturity, so long as all of the following conditions are met: (i) the Shares issued as payment are registered with the SEC, (ii) the Company’s common stock closes for ten consecutive trading days at or above three times the Unit price. Notes mature on June 1, 2018.
In addition to the convertible promissory note, each investor will receive a “Series A Warrant” allowing for the purchase of the number of common shares equal to the investment amount divided by the Unit price, (e.g., one warrant share for each share of common stock which the investor is eligible to receive through conversion of his original convertible note) and, the warrant will have an exercise price as set forth in the pricing supplement. Each Series A Warrant expires June 1, 2020. The Company may “call” the Series A Warrant, requiring the investor to exercise the warrant within 30 days or forever lose the rights to do so, only if the following conditions have been met: (i) the underlying Shares are registered with the SEC, and (ii) the Company’s common stock closes for 10 consecutive trading days at or above two times the exercise price.