Does anyone know why there has been no announcement about the distribution? I am not surprised that it is being suspended in light of the pending debt problem but I am surprised there has been no official announcement. There must be a logical explanation why the company refuses to issue a press release but I can't guess what is that reason.
When management does not announce a dividend near the date it traditionally has done so, it usually means a cut. I have seen this countless times. Management thinks silence is golden, but I see it as cowardice.
MicroCap Alert to TOO shareholders. Why Clean Energy Technologies (CETY) shares moved up recently and why they are about to rise sharply again. CETY purchased their Heat Recovery Systems from General Electric. Each system sells for about $300,000. Demand for CETY HRS is very strong. CETY just expanded Europe sales and service office in high demand market CETY immediately announced first new sale in Europe CETY presenting to 26 Power Companies in the Pacific on July 31st to August 4th – These 26 power companies need CETY HRS to produce power cheaper and make more profits.
Expect substantial sales orders to flow soon after conference CETY 1017 target: $.15 to $.20
Clean Energy Technologies, Inc. Delivering Low Cost, Emission Free Power with its Heat Recovery Solutions Clean Cycle™ Generator acquired from General Electric International, Inc.
COSTA MESA, Calif., March 1, 2016 /PRNewswire/ -- Clean Energy Technologies, Inc. (OTC: CETY), recently...
I wrote to IR yesterday asking for a status update on the distribution. So far they have not responded. Why are they not disclosing what seems certain that they are not declaring a distribution (presumably on the preferred as well as the common)?
I believe that it is pretty standard not to announce a dividend elimination before releasing earnings. They will want to provide color when they make the announcement. Also, they are trying to obtain financing possibly including debt preferred and equity, so why make an announcement that is sure to make your equity and preferred values fall, before necessary?
Unfortunately, I own the preferred stock. I hereby call this stock, 'The Bermuda Triangle:' If your waiting for the stock to rise so you can get out, good luck, you're stuck, drifting like a capsized boat, soon to sink.
In the short-term TOO does not seem to be like a good trade. Yo you should really check out AWE-some.Stock-s, they seem on point with their stocks.
i know this puppy has got another dollar wave in the tank. Lets ride to five. my only question is how does TK stock keep going up (not a profitable partner of TGP) and TOO is profitable but undervalued.
when will parent company Teekay begin stealing and diluting thr shares of TOO like they have done with TNK?
looks like they are suspending dividend , should have been announced by now
Looks like dividend is suspended until Arendal Spirit is paid off or released.
Brazil approves long-term tests at Petrobras Libra platform
Brazil's environmental agency Ibama has issued an operating license for long-term tests at the Pioneiro de Libra floating platform operated by Petroleo Brasileiro SA, according to a statement on the agency's ...
Should go to 3.50 by midweek. Crude pushing on towards the $50 mark
Pretty heavy volume this morning
I've seen this act before. Management clams up and says nothing about dividend cut until the normal ex date arrives. Usually, the management also says nothing about the preferreds as well. Cowards!
TK, TGP announced distributions today. TOO Didn't announce
TOO board must have took the 4th of July week off, nice 50% shake out before the dividend announcement. Oil down 1.83, it had a run up similar to TOO. Low oil prices actually benefit existing FSPO, they become more in demand as oil majors seek to keep cost down.