A sacrificial anode for RTK by giving contractors a huge markup on Pasadena contract work in return for cheap/at cost work for RTK.
Perfectly legal. They can buy and sell the same shares over and over between themselves.
If I were you naren I would short it. Do you have a short position? I'm holding long looking for $40.
Well said Carson. There are many Chinese companies out there that apparently believe Americans are extremely gullible and have taken action to exploit it. Alienating the West will lead to their demise.
That isn't what did it. It was PWC requesting to verify 3rd party revenues. I'm thinking PWC was officially tipped off on some fraudish business practices and was put in a position where they had to ask to see 3rd party numbers or face the liability risk of knowingly signing off on hokie numbers. PWC played it right. They intentionally put NQ in a position where they had to come clean or release them. If this goes to court, PWC will skate for trying to do the right thing. Right now, I would say NQ has already lined up their scapegoats.
Death lawsuits galore and they start touting about a driverless car. Yeah...like I'm going to trust that thing. They are still clueless. It reflects the same type of management decisions that put them in the toilet to begin with imho.
I look for DGAZ to run up through the shoulder months...possibly breaking above $5 and up to $7. Inventory fill rates will drive NG down until winter season turns it. NG could hit below $3 before that happens.
The only problem with all that is Ukraine is broke. They owe Russia billions for nat gas already received and they can't pay it. Giving arms to the Ukraine would be the same mistake as giving arms to the Taliban during the Russia/Afghanistan war. The current Ukraine regime is not what the press/government propaganda machine would have you believe. You have a country where a large majority of its' citizens want to be absorbed by Russia. What does that tell you?
The odds of having a winter like last year are slim...the odds of having 2 winters in a row like last year are 1 in slim squared. Is it possible....yes. Is it probable.....no.
I bought back in today on the dip for the purpose of establishing a long term core hold in my port. This is not the first time I have been in PSEC. As I recall a few months back when I was holding PSEC, the pumpers here were all ranting how rising interest rates would benefit PSEC. If that is the case I would think the dividend should be secure. In my opinion this is one of the few BDC's out there that have their #$%$ wired tight. I think the key in this line of work is risk management. They appear to be very good at it.
Do a google search arrrrr on prospect capital. Yahoo profile doesn't list the website for some reason. It used too but it doesn't now.
I understand---Delayed and still no 20f.
I understand---PWC China being let go because they asked the wrong (right) question.
I understand---The head of the investigation committee resigning for personal reasons.
I understand---A low buyout offer (announced by NQ btw) that failed to do anything to SP.
I understand---The CFO resigning.
I understand---This all started after MW pointed out Yidatong's relationship with NQ.
I understand---DT's opinion was bought and paid for by NQ.
I understand perfectly.
From one blue collar thought to another, I believe NG at 5.00 would send ugaz well over $24.50 on momentum. However, with the current inventory fill rates being as high as they are, I think we will be lucky to see NG over 4.00/4.25 on an average winter. Given an average fall, I look for NG to approach 3.00 prior to the onset of the winter heating season. Good luck with your trades.
Ackman reminds me of Miley Cyrus. I think he will do anything for attention or publicity.. For some reason I always expect him to start "twerking" at any moment when the camera's are on. Why is that?