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Felix Pinhasov

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  • Athabasca Oil Corporation Is A Classic Deep Value Play [View article]
    http://bit.ly/1eqTEOp
    Aug 6 07:50 PM | 1 Like Like |Link to Comment
  • Athabasca Oil Corporation Is A Classic Deep Value Play [View article]
    Athabasca is one of the top 20 shorted stocks on the TSX
    with 31.4M shares shorted : http://bit.ly/13pqWbK

    It will take over 28 days to cover that short position using the current dialy average of 1.18M shares.
    Jul 29 11:46 AM | Likes Like |Link to Comment
  • Jaguar Mining: The Standby Loan Is Not A Sign Of Strength [View article]


    Jaguar Mining Inc. Announces Draw Down of $25 Million from Renvest Credit Facilit :http://bit.ly/11QXnze;highlight=
    Jun 27 07:48 PM | Likes Like |Link to Comment
  • Jaguar Mining's Production Update Is Not Encouraging [View article]
    If the financing was announced after the article was published (which means it was written 4-5 hours before that), how could it possibly be mentioned in the article?
    Jan 26 01:24 AM | Likes Like |Link to Comment
  • Jaguar Mining's Production Update Is Not Encouraging [View article]
    Quarter over quarter = Q4-2012 over Q4-2011
    Jan 25 07:09 PM | Likes Like |Link to Comment
  • General Dynamics Fairly Valued: No Value At These Prices [View article]
    Thanks for catching that.
    Jan 24 12:12 PM | Likes Like |Link to Comment
  • Majesco Guidance Spells Trouble [View article]
    Article was submitted early evening yesterday....it is unfortunate but the publishing of articles takes a while.
    Jan 15 06:49 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    Retail shareholders are the small shareholders, like you, myself and probably everyone that voiced their objections on this page.
    Jan 10 09:44 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    A good question was presented to me, of which I think the answer can benefit anyone with a stake in the company. The question asked about the creation of value, now that the BC portfolio is sold:

    As for value (keep in mind these are rough estimates):
    10% of Cloosh Valley (105MW) in JV with a major player in the business
    $11M upon shareholder approval (2013-Q2/Q3) + $9.2M from SSE (2013-Q3/Q4) = $20.2M in 2013
    $20M (out of the remaining $29M due from Pattern in 2014, per the answer to the direct question in the conference call) = $20.0M in 2014
    $9M from remaining projects in the future.
    Market cap is around $10M. I think the case for inherent value is strong.
    Let me just higlight one point that came across in the conference call, which I think is important.
    When asked on the proper model of the company (private/public), Jason (the CEO) clearly stated that he believes that the company should be private as it was in the early 2000's. He also stated that he thinks that the several shareholders who hold the majority of the shares should buy out the retail shareholders.
    Make of his answer whatever you wish, but one of those shareholders is a billionaire Irishman (cloosh valley).
    If the market does not recognize the value inherent in the company, the likelihood of these shareholders taking the retail holders out, grows and grows.
    Jan 9 03:22 PM | 1 Like Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    This morning's Finavera conference call illustrates value going forward.
    Unfortunately the company cornered itself with debt payable to GE (we all know who's fault that is), which inhibited the auction process in the time available to let other potential bidders conduct the necessary due diligence. Voting against (if even possible, since the company is majority owned by several shareholders) the deal leaves current shareholders in danger of excessive dilution and is therefore not a viable path. Voting FOR the transaction seems to be the only way to generate the value inherent in the company.
    Jan 9 12:02 PM | 1 Like Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    CONFERENCE CALL: January 9th at 8:00am PST. Dial in CDN/US: 1-888-390-0605 or 1-416-764-8609.
    Jan 7 09:06 AM | 2 Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    We got the attention of management, we got the conference call we wanted. Lets wait for further information.

    New Total: 1,289,200
    Dec 28 12:16 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    As a united group, we are making a difference:
    http://bit.ly/12LeXqa
    Dec 24 03:39 PM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    Fellow shareholders,

    I have spoken to the company's CEO last night and discussed a variety of issues ranging from the importance of information and transparency to the necessity of a conference call. Clearly, not announcing a conference call in the news release was a misstep, but let us not dwell on the past and look to the future.

    The upcoming conference call will CLEARLY illustrates the alignment of management and the board with shareholders. It will also illustrate Pattern's expertise in developing wind farm facilities and ability to access capital. This is important since future cash payments depend on, partially, on Pattern Energy.

    If you have any questions, or need further clarifications I strongly urge you to email the company and request to speak with Mr. Bak, Finavera's chief executive and founder. He will answer your questions as long as it does not entail insider information.

    I look forward to the conference call and your constructive feedback.
    Dec 24 11:47 AM | Likes Like |Link to Comment
  • An Open Letter To Finavera Energy Shareholders, Management And The Board [View instapost]
    On a more encouraging note:

    The CEO and I have been in contact through email and are scheduled to talk over the phone.

    I will push for the following:
    1. a conference call (ASAP) with a Q&A session
    2. the dates in which the company will recieve the remaining $29M
    3. the disclosure of the number and substance of other offers.
    4. THE RETURN OF CAPITAL TO SHAREHOLDERS!

    I will update every shareholder immediately after the call and as a UNITED GROUP, we can take it forward from there.

    As of now, our little company is trading at a market cap of about $8M or $0.23/share when the assets were sold for $40M or $1.07/share. Our concerns and objections are indeed justified.
    Dec 23 03:23 PM | 1 Like Like |Link to Comment
COMMENTS STATS
70 Comments
12 Likes