What do you expect this deal to entail? Getting crushed on YNDX but selling weekly calls to lower my cost while we wait. Not sure how much longer Russia can sustain budgets at $39 oil!
Charts show way oversold. Tripled my holdings and brought average down to $1.56. Locked & loaded for long term. Will either look genius or a fool come 2018. GL longs. Stink bids on preferreds now as new well in sept should get us going again...
Good call. Where do you put total value after transition plus warrants? I'm avg. at $.32 and thinking of doubling to lower cost to .22 for long haul. You are one of few remaining rationale people here so eagerly awaiting your computations! TIA
Want to pick up some preferreds and noticed there's a and b. Any astute posters know the difference? Is one a better value or lower risk at this point? Tia g
Hi all, use to trade GST a while back and have been waiting for a reentry point in the low $2s. What's really changed? Offering and hedges still in place so can't help but to think it's way undervalued here (baby thrown out with bath water). Can any folks close to recent happenings shed any light on current situation? Looking to get in this week. TIA, G
Use to trade this POG back in the day and it tends top pop big so bought 10k today. Do they really have $1.52 in cash per share and no debt? If so, don't understand why they aren't taken over by a real company??? GL longs, G
Thanks, Guy! Nice to know there's at least a couple sane, rational, and helpful people here. Good luck and keep up the great posts! G
So my shares are all in a taxable IRA and I figure If I'm going to hold this long term and ultimately be issued warrants with some intrinsic value that it makes sense to transfer all my shares to my Roth and pay the tax on today's diddly $.25 value, but cash it all out way down the line and pay no taxes. Of course, risk of it going to zero and then I've now paid taxes on it, too, but I'm thinking this is a good long term strategy for anyone planning to stick it through to the end. Any thoughts from someone more astute than myself regarding tax strategies?
Someone said the calc works out to a 1 for 31 RS, thus my 35k shares will turn into 1129 at 31x .25= $7.75. Ok I'm following so far... will I be granted 1129 warrants or more? I've read $1.5B valuation, but what price that equate to for new shares? $15? What valuation are we expected to reemerge at when new shares are issued? It's all so confusing I'm hopeful once debt is cleared up that we'll be in crosshairs of a RIG, SDRL, CVX, etc. GL longs
Enough you of your "soft bashing" Mike. You're about as long as a midget. Welcome to ignore!
I did add $15k at .25 and lowered cost to .31 so almost even ah. Think I'll hold long term and see what warrants yield. Go longs
So confused, thought you were a long time basher. Did you recently go all in long? Please disclose. I just added another 10k at $.25 to lower my cost to .40 less the .10 I made selling calls, thus, 33k at .30. I'll see how it plays out and hopefully make $ off the warrants in the future. GL longs, we need it...
Been watching this one a while and agree it's a good take out target down here so initiated half position of 2k shares at $3.18 and bought 30 jan '16 $2.50 calls at $.95 for leverage to upside. Fleet seems attractive for a RIG or SDRL and maybe even CVX (which I just went all in on!) might get into servicing down here for long term prosperity. GL Longs... G
will look to sell near dated calls to lower cost for eventual freeroll. I imagine YNDX will be $30 by Jan'17. Niow need google blocked, putin out, or tensions to cease. 1 of 3 will happen by then... Good luck all