Why are you wasting your time seeking a reply from a guy who is short the stock and has admitted employing "scare" tactics? I have him on "ignore".
Or do a reverse merger with some more profitable company so that they could use the tax loss carry forwards. I am sure that was Privets feeling.
He has a lot of his family holding RVP stock- i.e. 61% of the stock is held by insiders. One would think that he still has the capacity to settle the case and make them a lot of money rather then taking the risk of an adverse appellate decision. He may be resting on "principle" but this may cost his loyalist group and the rest of us (not that independent shareholders matter to him) the only opportunity to cash out at a much higher price.
I agree. The buyer may be waiting for Privet to become more desperate before buying the balance at a price less then .80. On the other hand, one might speculate that the mere fact that there is any buyer at all may be an indication that Mobley may be making progress.
The irony is after Clark bought the King Air it was hardly used. I would follow the flights on "Flightaware". It was used mostly for short hauls between AIRT's base of flight operations and the administrative offices.
What can SB do with his large stake? He is stuck with his position without any viable way to bail out without driving the stock much lower. I am pretty sure that Nick would have no qualms about picking up SB's stake at a fire sale price. At that point Nick could drive the PPS back up very easily leaving him in total control. He would also stand to embarrass SB big time if SB sells out at a loss. This is probably the reason that SB is very low key about his AIRT investment.
Although I agree that there is probably a limit to AIRT's growth in its traditional businesses, I was surprised to see the extent of material increases in the profitability of the deicer and cargo segments. I admit that I never understood the ISIG investment, which was one of the reasons why I exited the stock when SB entered the picture.
Clark was focused too much on generating contracts that had little, if any, profit. As the third largest shareholder in AIRT during Clark's final year, he failed to deal with me in good faith. I was not the "enemy" but I was treated that way.
Nice chatting with you.
As unbelievable as it sounds I very much doubt that a Court of Appeals decision has been l"leaked".
Why are you selling? The upside is far greater then the down side.
Hey CPA. The lack of any follow through today underscores that no conclusions can be drawn by yesterday's volume. There is no way anyone has an inside tract as to the appellate ruling. When it is issued publicly then everyone will know at the same time.
It is more like he played SB like a fiddle, appealing to his enormous ego. You have to give Nick credit for his tactical acumen.
I believe that Nick turned AIRT around. I suffered through 5 years of Clark's reign at the company and I would be still suffering today without Nick's intervention. AIRT's profitability has increased dramatically.
Nobody is perfect.
The bottom line is that PDEX is my best performer this year. I only started following the stock because of the great job Nick did with AIRT. He seems to have the midas touch.
It is the volume that piqued my interest. I really hope that my cynical appraisal is wrong. I already own 87000 shares with an average buy at 1.65, so my purchase today is just a drop in the bucket.
I am looking to pick up some more at .88 (my bid for 8000 shares). If management is only a tiny bit successful with its new business model then the stock could bounce.
Is this good money after bad? We should know pretty quickly. Given management's terrible record to date, my expectations are quite low.
That was also my first reaction. I won't fault them since Mobley has treated them pretty badly.
The good news that if they are dumping there still is a buyer who must have more confidence in the future.