Let's see, $2.53 to $3.23, tells me the shorts have a paper loss in value of $ 45 million and growing.
I'd guess once over $ 3.50, they will have a real hard loss.
Ok shorts, give us one reason why to remain short??
Is there going to be a list of attendees at the demo? Wonder how many potential partners where there?
Crowded venues that need added Wifi capacity will love this test result:
• TLPS increased aggregate network capacity by approximately 40% even in the quiet RF environment present at the FCC Technology Experience Center.
1 demonstration completed with tlps
2 demonstration competed "successfully"
3 demonstration completed "successfully with no interference"
Depending on wording will say a lot about how the price moves this week
I like where they patted themselves on the back for reducing expenses by $10 mil.
Close look you see all,they did was lower stock based compensation by $ 10 mil
All this was is a non-cash reduction. That's what I call a real savings...lol
I found it interesting that one of the items in the test was heart monitors ???
Do I see a TLPS in hospitals where wifi is a nightmare ?
went back over last 6 yrs and "stock based compensation" was $ 96,153,000.
Hey a million here a million there, a new yacht, a new mansion, what's the big deal....lol
This Tiny Oil and Gas Company Is Actually Benefiting From Price Drop
NEW YORK -- Madalena Energy may be the only oil company in the world that actually welcomed the free-fall in crude prices.The reason: Madelena gets a set price -- currently around $77 a barrel -- from Argentina for most of the oil it produces, sheltering it from the sharp drop in prices.
Still, shares of the Calgary company haven't benefited from this advantage. They are down some 70% since their 52-week high in April compared to a 12% drop for Exxon (XOM - Get Report) and a 20% fall for Chevron (CVX) .
David Tawil, president of New York hedge fund Maglan Capital, argues the share price decline is merely a case of investor overreaction."The baby has been thrown out with the bathwater," he said. "All of Canadian energy has been been beaten up pretty badly over the past couple of months."
Unusually for an oil and gas company, Madalena has no debt. It has stated it will pay for $38 million in capital expenditures in 2015 with cash thrown off by its own operations. These are some of the arguments made by Maglan Capital, which recently reached a deal with Madalena to overhaul its board of directors. Following the overhaul, Madalena has suspended less-profitable drilling operations in Canada to focus exclusively on Argentina. "We're expecting something like a 10-times return."
Tawil is also positive on the roughly one million-acre territory Madalena controls in the "most fertile deposit"after the Bakken and Eagle Ford formations, he said in an interview this week. Exxon and Chevron are among the companies operating in the Vaca Muerta formation, Madalena's most promising play.
Looks like long term play.
Sell some PUTS if you think it will rise.
July 3 PUT went for .95 today. If it closes over $ 3 keep .95.
I sold 50 March 2.5 last month at .40 for a little $ 2000 fee income .
Looks like Maglan owns close to 77 mil shares.
Change issuer name to issuer number and key in 00017647
Use Date Range...Change start date to whatever...
Hit search...a new page comes up...pick "view" in blue letters...
still doing more DD
yep, EBITDA first then starting to cover the interest payments of $ 40 mil per yr which alone will take at least 150 mil NEW gallons per yr.
That's the cash burn on interest payments they have no control over, like expenses.
Most questions may only be asked by investment firms.
We need to have Maglan call in and ask all the key questions.