"Very long sales cycles"........
that quote fits Ballantyne perfectly.........
knew they would find a way to somehow turn a very fast growing rabbit into tortoise....sometimes the tortoise doesn't always win.
Looks as if the two parties are suing each other now over their agreement with LQMT throwing around the fraud word.
Check out the Form 424B3 filing (filed 2/11/14) where the company is registering for sale 102 million shares of common stock. You'll find the dispute in this filing on page 9.
May be old news here but I've haven't gone back to check the boards.
Bringing on the A team won't be cheap for PZZI...but they will be paying it off it options.
When the overall market goes down, Newcastle has meet redemptions for those who are selling it's fumds. Therefore they have pare some of their holdings which includes PZZI. Don't worry they will buy back at lower prices.
Hedging has long been this companies Achilles heel.....the idea of hedging is to flatten out any losses or gains. Even when coffee prices were going ballistic to the upside a few years ago, JVA's hedges were getting creamed as well.Sure they had one or two good quarters but that was on the discovery of their relationship with GMCR They are just not a big enough player in the market when you have firms like Goldman Sach's on the other of the trade who know the positions of the smaller players,. It's always been like that and I'm not sure how they can overcome this. $6 million in realized hedging losses?? $300K+ in unrealized gains so far...looks like they closed out most positions at the bottom. It's too bad since they since they provide a great service to companies like GMCR. Perhaps with rising coffee prices, the PERCEPTION will be that Coffee Holding can make some money. However, the company was always been known as a hedging operation since gross margins are only 3-5%.
Which by the way is usually a bad idea (chasing)....out at $4.35 ...nice ride from sub $1 over 16 months ago....lucky is a better term to use.
Acquired 500 patents of 3G and 4G technology from Panasonic...no terms announced.
From those day traders who goaded you into selling at the open around $3.70, the stock is already up another 20% which is causing some of them to come back and chase for more.
omg..I had to rubs my eyes when I saw that Carstens and Shay purchased stock....drooling with excitement.