Good point and you are correct it was a SPAC and Cambridge brought the two together. Cambridge and mngt both own a lot of shares and cannot sell for two years. Mngt has strong incentives in terms of "free" shares so long as they it their #'s.
This totally aligns mngt with shareholders.. No debt lots of cash and growing like a weed.
This telegraphs the need for coking coal.
SXCP will do well.
Yes, it totally s.ucks by the way how is your lgcy doing, oh yeah not to well, just a near 3 bagger here for my first buy.
lgcy down down down...
I cannot thank you guys enough for all your posts diving into the data showing the bk info etc etc.
I went long at 1.1 super long at 1.57 and added 20k more at 2.25.
All I can say is Arghhhhhhh, come to Boston and lets have a drink!!!
Mngt needs to think differently, the owner of the spac Cambridge did a complete review and vetted everything and them along with mngt retain a very large % of the stock that cannot be sold for 2 years which takes away shenanagins. Mngt does however get some large incnetives if they hit certain #'s which is why they went a reverse merger.
Very early in their game, still waiting for news for the first ever cc.
Mngt needs to add an investor link to their website and get a pr machine and get use to making public announcements.
This is their first rodeo so I will give them a break as they are new to being a public co, but they need to start working on it.
They have 50 million cash no debt and are in an area that is growing very fast their last #'s are showing 40% growth and that is without the US as a customer.
The true valueof this co will appear when they have a couple of cc's out showing this continued growth as we know they are in an business that is not going away but sadly is growing by leaps and bounds as we see even more terror around the world.
I look at the warrants as being a 10 bagger and stock a 4 bagger, when is the real question but I cannot find any other stock with this opportunity and numbers without major balance sheet problems or be in the energy area.
Good luck, but you should also look at the presentation which I posted in an earlier link, the #'s are amazing but no one knows about this co which is why the warrants went to the pink sheet.
Standard bs, they reaffirmed their guidance this is a great buying op.
A mind is a terrible thing to waste, you poor thing living in a gutter must sck..
how do you derive your numbers. I haven't listened to the webcast as I am in and out of meetings but glanced at the recent earnings trascriipt.
Also thye mentioned zika but nothing to like you are saying. Am I missign something.
If they have to pay a distribution is it mandatory it needs to be cash?
PReservation of cash to reduce debt is far more usefull than making a cash distribution but if t is required per their articles then this could eb a way out.
dry like a cracker is no good, they need to change the formula. Living and moist is much better.
Windex could help them.
Gus puts a sell as it is extra dry and dead, maybe $3.25 which is about the price of a bottle of Windex.