My take on what I just heard is that prior Management is completely out, they were paid off with 5+ Million severance. Reading between the lines, I don't believe the Ocean Business will even be sold to them, which I believe is a plus to be developed by new management. I was glad to see some one push the question on why a problem existed with the Push Boats, it came out to me as poor maintenance and training, again showing poor prior management. Perhaps there is now some hope.
another comment; they always seems they have an excuse every quarter, now are they serious that they didn't plan for having enough Push Boats, didn't they realize this last quarter when in the excuse they said some thing to the effect that they had a lot of grain backed up and thought they could move it out this quarter. It's called planning. Also I didn't see a word about the sale of the Ocean business to old management. Hopefully this will all be corrected now. Guess the only bright spot now is that we can buy cheap stock tomorrow.
Certainly good that this company is getting new management, I actually believed with all the new ships and contracts talked about almost a year ago that this was going to be a good quarter. Long term is getting a little old for me.
I believe that is called a synthetic trade, allowing him control that amount of shares at $12.50 with putting up a lot less money that actually buying the stock. Of course those have expired and have nothing to do with what he may be holding unless he exercised these into stock or just closed the option trade. I believe I am correct on this, if not, please advise as I am just learning option trading.
Sooner or later Tobin Smith might get lucky and pick a winner, but his track record shows like a bump and dump scam. I was involved in BMIX that he sent out news letters bragging the stock would go to $5.00 in 3 months when it was at $0.60, today it is $0.03. be careful with any thing connected with this guy.
It is certainly prudent to pay no attention to the e-mail you are speaking about, but don't consider this as a negative on this company. All this person is basing his information on is that a large amount of long options were purchased on this company on Friday. This information is available to any one looking for it, and makes this person no smarter than anyone else, he just wants us to believe he is. Actually the action is very bullish, someone is putting a lot of money on it.
michaelmcmx , regarding your comment
"Man up you are a racist. Share your true feelings, it might help you cope with your world that is crumpling around you" Stupidty always brings race into it doesn't it, when you can't
come op with anything else. Well let me inform you there are many black people I would vote for in a second, Ben Carson for one who completely ripped Obama apart at the Breakfast they both attended. NEWS FLASH IT'S THE REVERSE DISCRIMINATION THAT GOT US THIS LEMON INTO OFFICE, HAD HE NOT BEEN BLACK THE NEWS MEDIA WOULD OF EXPOSED HIS UNKNOWN PAST AND HE WOULD OF NEVER BEEN ELECTED AS DOG CATCHER, HE WOULD OF BEEN EXPOSE AS ANY PERSON WOULD OF BEEN. OH AND HILLERY "THE WHO CARES WHAT HAPPENED AT BENGZI ITS OVER SHE SURE WILL HELD DEFEND THIS COUNTRY. SHE COULDN;T HOLD A CANDLE TO SO MANY WOMEN THAT ARE REAL WOMEN AND WOULDN'T LIE TO THE DEAD SOLIDERS FAMILIES. wake up you fool
any way you want to cut it, Obama is the leach of the world with no respect from any country or anyone that will open up their eyes to what he has done to this country.
Sounds like another person who actually doesn't understand what is going on, Similar to the continuous call by another individual over a year ago raving many time "last chance to buy under $4, she was also way off. Actually a few days ago was the last chance to buy under $3, they will finely have some earnings to speak of.
You can't be serious, this country is headed for the worst shape imaginable with Obama, how can you be so blind to what he is pulling over your eyes. How sad for this country that a know nothing, never done nothing, with nothing still known about his history. All we know is slick talking oil salesman has talked us down this road on every fraudulent direction possible.
Hello Outpissed; talk about a couple years back, your the one that said this stock would go bankrupt when it was under $5, all the while bashing management. Did you fall on your head to do such an about face, or are you just two faced.
Be aware this is probably another Tobin Smith scams, just like "BMIX" that he was pushing when it was at $0.60 a share and he was screaming buy all you can under $1.00, as it was going to a min. of $4.00 in 6 months. Guess he really knows what he is talking about as it is at $0.05.