You can find them searching for Chlebina Capital on Google. Looks like a small manager out of Akron OH. Seems like an odd match for AEHR, but who knows.
And, FWIW, this week's Barron's has an article titled:
Wheat and Corn Prices Could Head Higher Soon
I posted it on the RAVN board at IV
Well, so far we haven't collapsed in price, but there isn't any buying interest either. At 2:30 PM, we have 12,000 shares on the ask at 1.20 and 200 shares on the bid at 1.12. It would be a shame if Cypress/Spansion bagged them again. I am assuming Spansion is the 1P customer. If they bail out on what sounds like an order for 5 to 7 units that would be tough.
I don't think I will buy any shares until there some assurance that these orders are real. I know it will be at a higher share price, but oh well.
Thanks Algo, I hadn't seen that article yet. I just posted it on the Investor Village RAVN site if anyone wants to read it. Maybe that Loony project will actually take flight.
Good question on Mario. Sometimes they mention that they have the blessing of other major holders when making these announcements, so maybe he hasn't decided yet. If so, it might still take a better bid to get the job done. HNH/SP has about 25% and if Mario and a couple other have agreed, the deal is done. I still might be afraid to buy at $40 though given the number of times they cancelled the offers.
I would think we might get some indication how things are going in the next two weeks when the 90 repay is due on the $2M draw. I think they would be required to file with the SEC if they were not current on that loan.
I posted an article on HNH and the buyout of SLI on the Investor Village SLI board if anyone is interested. Nothing to indicate the deal won't go through or anything, just mostly about HNH being overleveraged.
No, but I signed up for the Premium membership ($48 per year), so I don't see any ads, etc. I thought they allowed guests to view message board posts without signing in or anything. I think they also have a free membership, and I haven't heard anyone complaining about excessive emails or offers. When I hover my mouse pointer over the posters IDs, it shows what their membership level is and many are just using the free membership. Some of the message boards feel like pump and dump boiler rooms, but you can post almost any type of article or picture in a message. That part is much better than Yahoo. Skip L uses it also, and we trade a few articles on RAVN mostly.
BROOKINGS, S.D., April 14, 2016 (GLOBE NEWSWIRE) -- The Minnesota Timberwolves and Target Center have selected Daktronics (DAKT) of Brookings, South Dakota, to design, manufacture and install a new LED video display super system. The arena will feature more than 30 new LED displays for a total of nearly 8,500 square feet of display space in and around the Target Center in Minneapolis, Minnesota.
It would be very interesting to know how much of a down payment they get for a $1.5M test machine. Are we talking about $50K or $500K. Also, what are the penalties for cancelling an order, or are there enough escape clauses about lack of performance to meet the customers needs, etc. Still, they had over $7M in inventories at the end of the Q that needed to be shipped. I think Apr. 23 or so is 90 days on the line of credit. Also noticed that they now have $58M in accumulated losses. Not sure how much of that is still available to offset future profits, but they could be tax free for a couple years if they can ever move some product.
No immediate impact, I guess.
ITEM 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule
or Standard; Transfer of Listing.
On April 19, 2016, Aehr Test Systems (the "Company") received a notice
(the "Notice") from The Nasdaq Stock Market ("Nasdaq") stating that the Company
was not in compliance with Nasdaq Listing Rule 5550(b)(1) (the "Stockholders'
Equity Rule") because the Company did not have a minimum stockholders' equity,
as of February 29, 2016, of $2.5 million and the Company also did not meet the
alternative market capitalization and income from continuing operations tests.
The Notice has no immediate effect on the Nasdaq listing or trading of the
Company's common stock.
The Company has until June 3, 2016 to submit a plan to regain compliance
with the Stockholders' Equity Rule to Nasdaq. If the plan is accepted, Nasdaq
can grant an extension of up to 180 days from the date of the Notice to regain
compliance. If Nasdaq does not accept the Company's plan, the Company will
have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The
Company is considering various options to regain compliance with the
Stockholders' Equity Rule at this time and intends to submit a plan to regain
compliance to Nasdaq.
The obvious way to regain shareholder value about the $2.5M level would be to deliver the 7 or 8 units sitting in the shop. Assuming of course that they are valued at cost rather than expected retail price in the inventory line item from the balance sheet. Hopefully $6M in inventory would equal $10M or $12M in revenues.
Found this news article:
COUNCIL BLUFFS, Iowa- The University of Iowa is seeking approval from the Iowa Board of Regents to purchase a new video board system for Carver-Hawkeyes Arena. Currently, fans can watch one of four screens overhead.
The proposal calls to spend up to $3.5 million on the boards. The University also plans to enter into a lease agreement for up to $5.5 million dollars for the installation of new equipment and control room to operate the new boards. The new system would be a large screen hung from the center of the arena, with two boards facing the sidelines, and two facing the end lines. The University is working with Daktronics on this project as the vendor for the systems.
Also the sound system for the arena will be upgraded. The original sound system is still in use from when the arena opened 30 years ago.
The University will seek a loan of $5.5 million through Wells Fargo to finance this purchase. The loan will be repaid through Athletic Department gifts, according to the agenda item before the Board of Regents.
The new Boards are set to be installed by August of 2016.
Not seeing the 8-K for Mar. orders. Last year it was released on Apr. 24. Most months by the 23rd or so. Will be interesting to see how it goes as the excuse of the strong dollar needs to fade away.