This is just a technical drop in stock price. Investors buying the convertible will almost always short the stock first to limit their exposure. The added benefit is that they will get a lower conversion price as well. Given the tiny volume of this stock, the price drop is steeper... My expectation is that it will drop more today and tomorrow and then rebound after the pricing (scheduled for tomorrow). I assume that there will be a nice rebound next week. The CEO owns 400k+ shares, I'm sure he isn't doing this lightly. They also settled the SEC suit, accelerated the nesscap restructuring, etc. Q3 is going to be ugly, ugly, ugly. Hopefully all issues solved now. Feels like they are all in for the revenue ramp next year.... Fingers crossed....
Looks like management wants to make sure they have enough money to pay themselves and continue the charade. I have been following this stock since 1996 and they have yet to deliver any earnings- always sounds promising but results are zero. GLTAL
WHAT A POS, Throws shhldrs under the bus - again I had stop loss order in at 5.95, got stopped at 5.65 on open Ain't never going back even tho' I made money The slime could have made rights offering
Things seem to be getting overextended for MXWL. google https://activepennystocks1.blogspot.com - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
NO WONDER INVESTOR AREDUMPING DUMPING SHARES ,MOREDELUTION THIS WILL CRASH CRASH BELOW $4 YOU BEEN WARNED GET READY TO TO LOSSALOTLOT MORE MONEY
From the latest 10-Q:
"Management believes the available cash balance, along with the available borrowings under the revolving line of credit, will be sufficient to fund operations, obligations as they become due, and capital investments for at least the next twelve months."
That document was filed 6 weeks ago. What happened since then that required the big capital raise? Has the business fallen off a cliff (which they would be required to disclose) or is there some other reason?
Hindsight is 20/20, but it was clear the deal with the Chinese wasn't going to go through under Trump (which is a shame, since that would have been a big boost for MXWL over there). I'm disappointed that they couldn't find another strategic investor given the markets they plan to penetrate and the companies they are currently working with. But I wonder if they are really that naive about convertibles. The market is mostly arbs and they need to short millions of shares to set up the position to go long the converts. Did MXWL not know this? Were they too focused on the ibanker sales pitch of borrow cheaply and possibly sell stock at a premium? It's turning out to be an expensive lesson for all of us.
wow, that's a bad outcome for the convert. only $40m raised instead of $50m target, 5.5% coupon (at the high end of the range) and conversion price of $6.35 (less than where the stock was 2 days ago....) There should be a pop on Friday, but not a big one..... I sure hope that they are done with the fundraising and dilution.....
mgt are suckcockers & enemy of shhldrs There is no reason they didn't make a rights offering I was stopped out yesterday at open at $5.65 Although i bought at $4.80 I'm never coming back, This dog has too many fleas
looks like this is the bottom to me. Time to hop back on the train.....
Creeping up...nearly a BO on the line chart...or HnS top...wish management would be more transparent on this CFIUS issue.
Just when you think this stock is starting to get better, management pulls the rug out from under their investors.....
Anyone know the reason for the bump today?
Odd day. MXWL up by 3.5% in a down market. With the Korean operations, it should be down, no?
Overall I think we will see upside for MXWL in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? Im not sure about you guys but awesome_sto-cks has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
I hope longs here ultimately get a the benefit of MXWL's growth. I got out months ago but still keep an eye on. I got in initially on the great promise of ESMs. That went nowhere despite management repeated touting of the solution and its traction with large trucking concerns. NOTHING ever happened. Management has been touting the 20 percent plus growth that UCs are suppose to generate. For MXWL, it has been 20% negative growth. In short, reality has not matched promise. Some day it will presumbly happen, but I feel for longs here. Always looked good on paper....
Chinese Researchers Develop Supercapacitor From Dried Leaves Three Times Better Than Graphene
Chinese scientists have discovered that leaves of deciduous phoenix tree can be synthesized and used to make super capacitors paving way for better data and energy storage.
Rev: 37.1 million vs. 34.0, -0.15 eps, vs. -0.22, both beats, so a decent quarter, I guess
Earnings and cc tonight! Always interesting. I am encouraged about the absence of fluffy press releases, which Maxwell will do when the earnings are weak.
This stock bounced off of a Babson Reversal Line......great for stocks. The are being looked at by Bosch. The advantage is that they have hots of capacity to produce and grow.. They have a lot of empty space. I wonder of Bosch is going to buy them out. Euroland is going electric cars and Mxwl has what the companies need.