Comment by
injailforgood on May 22, 2015 12:52pm
This on top of the fact that the stock itself has shown no positive response from this monumental debenture solution accomplishment. In fact, the trading volume has fallen right off the map just when then the debt has been dealt with and the company is ramping up product, partnernerships and business and has streamlined the business. Go figure.
Comment by
dreaddogs on May 25, 2015 8:32am
it appears the former chairperson was selling . this is why the price did not go up any further. it appears that he was pissed when he was canned from his "Salaried" position of Chairperson. ( I heard it was in the 6 figure salary range ) I believe the former chairperson was a good friend of the former PREZ...
Comment by
injailforgood on May 25, 2015 2:40pm
Hey dread - can you find out how much Mr. Von Stauffenberg has left?
Comment by
dreaddogs on May 25, 2015 3:25pm
I thought he ran out plus I am surprised that he is being nominated to the board which I will be voting against. In my opinion, any new fund managers does not want any management linked to the old regime....
Comment by
dreaddogs on May 26, 2015 8:29am
I agree that it was monumental but I think the issue was them not paying part of the debt. the question is how much free cash flow will the company generate? and when they do, what will they do about the debt. the existing debt is what is, in my opinion, is keeping the stock down.
Comment by
injailforgood on May 26, 2015 11:04am
Understood but I think they see opportunities (such as partnerships TBA) and other growth ventures (potential acqusitions?, new products, etc.) that they want to keep dry powder for. I believe the market wants to see an improvement in debt/cash flow - as the cash flow grows (denominator) and debt stays flat (numerator), this ratio could really start to come down - which I believe it is and will.
Comment by
injailforgood on May 22, 2015 1:44pm
I see 554,000 worth of debenture being bid from 97.00 to 98.25. They will not be filled (unless the seller is extremely naive). They will have to move their bid up to at least 100. Even at $100 the YTM is 9.9% The seller should wait for $103 as fair value.