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Zalicus AŞ Message Board

tangojunto 4 posts  |  Last Activity: Jun 19, 2016 12:39 AM Member since: Nov 2, 2006
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  • tangojunto tangojunto Jun 19, 2016 12:39 AM Flag

    It seems that you are correct. All reported after hours trades at NASDAQ came between 3.05 and 3.09. It often happens that trades made during regular hours don't get reported but get reported after close like the one for 4000.

  • Because all relevant information is wrapped up during bankruptcy proceedings, it's difficult to find information on how the proceedings impact the yieldcos. At first glance, the approval will allow for the continued development of projects already underway. I think that should be a positive for for the yieldcos, especially GLBL. Today's drop on TERP most likely came from an exiting investor, but just a supposition.

  • Reply to

    Waiting for $5

    by frogtrainer_2001 Jun 1, 2016 2:58 PM
    tangojunto tangojunto Jun 1, 2016 5:43 PM Flag

    Anything is possible, but a drop down to 5 will probably require bad news from the bankruptcy court, like cross defaults emanating from the parent. I couldn't determine what contractually exists to bring to about a cross default.

  • I sent him a email asking if the yieldcos are in the the process of preparing their past due financials. I didn't ask him for any range of dates, just if they were doing anything at all to address these issues. I received an reply today at 4:27 ETwhich stated that no announcement has been made to give a date for their past due reports, nothing else. Well, good f*ing lord! What kind of an education is necessary to fulfill an IR position? That's an oily and insincere reply by any standards. The apple doesn't fall too far from the Chatila tree. Glad that Appaloosa also took a position in GLBL along with TERP. We certainly need more activism to help the yieldcos clean up their act.

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