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  • Global Telecom: Near-Term Catalysts Should Close Relative Valuation Gap [View article]
    Certicom, Thanks for the note. We are actually betting on GTT's track record of integrating several past acquisitions into its growth plan. Regarding the Tinet acquisition, my understanding is that IQNT main focus is voice not data, so their could have been some marriage issues (My understanding is that GTT is mainly data). The important take away is that Tinet revenues and EBITDA still seem to be in tact even though IQNT was unable to do much with the business.
    Sep 27, 2013. 04:26 PM | Likes Like |Link to Comment
  • Industry Landscape Opens Doors For Pharmaceutical Company Polydex [View article]
    Ha, nice catch.
    Sep 27, 2013. 01:46 PM | Likes Like |Link to Comment
  • FAB Universal: This Could Be A Fad [View article]
    Valu, The SEC filings are very clear regarding when shares will be issued. About 5 million shares of 10 million issued as part of the RTO transaction are available for resale as of 9/26/2013. I believe most of the convertible preferred stock (20 million) will be available to be converted to common stock after the filing of the 2013 10K. So we are very close to massive dilution and selling pressure. The stock will sell off ahead of these events.
    Sep 27, 2013. 03:18 AM | 2 Likes Like |Link to Comment
  • Global Telecom: Near-Term Catalysts Should Close Relative Valuation Gap [View article]
    Renmy, You should check out GeoBargain $ISDR. Really like this SaaS play.

    Maj
    Sep 26, 2013. 04:22 PM | Likes Like |Link to Comment
  • Global Telecom: Near-Term Catalysts Should Close Relative Valuation Gap [View article]
    Thank you. Yes, we have pared down some of GCAP position.
    Sep 26, 2013. 02:43 PM | Likes Like |Link to Comment
  • GeoInvesting Blows The Whistle On L&L Energy [View article]
    LLEN's PR response to this research report indicated that they:

    "...are forming a special committee with counsel's guidance to fully investigate this allegation."

    GeoInvesting stands by its conclusions and will offer our assistance to any truly independent special committee in reviewing the evidence we have gathered, once we have completed the joint review of our evidence with the SEC, NASDAQ and any other regulatory body.
    Sep 19, 2013. 02:39 PM | 2 Likes Like |Link to Comment
  • Pacific Healthcare Organization Could Be A Diamond In The Rough [View article]
    Nice job. We are long and share your bullish view.
    Sep 5, 2013. 11:17 AM | 1 Like Like |Link to Comment
  • Fuwei Films 'Auction Games' Reveal Red Flags, Buyers Beware [View article]
    Beng, The point is that no investor made a bid at any price. And what about management? Why no bid from them?
    Aug 31, 2013. 06:36 PM | Likes Like |Link to Comment
  • Fuwei Films 'Auction Games' Reveal Red Flags, Buyers Beware [View article]
    It is pretty bad when they can't even attract a lower bid, not even from management.
    Aug 28, 2013. 12:31 PM | Likes Like |Link to Comment
  • Fuwei Films 'Auction Games' Reveal Red Flags, Buyers Beware [View article]
    Answer this? Why would the proceeds have been deposited in the Bank? At best the court should only receive a transaction fee if they were only acting as an agent:

    "intentional bidder shall deposit RMB 40 million to court bank account (Jinan City Intermediate People's Court, Bank Account: Shiqiao Branch, Qilu Bank, 000000028004100000378)"

    The money should go to Weifang if it really had the shares. There is something very fishy about this development. The posting in China is quite clear as to who is calling for the auction.
    Aug 28, 2013. 12:29 PM | Likes Like |Link to Comment
  • Equity Ownership In Patriot Coal Shares Threatened By Bankruptcy Proceedings [View article]
    Sam, key phrase is company friendly, not shareholder friendly. Furthermore, the court also ruled that workers will get 35% of the reorg company!!!!! Your logic of the threat of lawsuits against the company is just ridiculous and implies that every chapter 11 case will not result in the cancellation of stock. Do you even know how the process works?
    Aug 27, 2013. 11:47 PM | Likes Like |Link to Comment
  • Equity Ownership In Patriot Coal Shares Threatened By Bankruptcy Proceedings [View article]
    JFF, It appears that employees only get saved if there is a reorg (they get 35% of new company). But at least the former parent company (Peabody)is responsible for the pension. I do not know what would happen in the event of a liquidation. But I can't imagine that the common shareholders would get anything.
    Aug 27, 2013. 11:43 PM | Likes Like |Link to Comment
  • Equity Ownership In Patriot Coal Shares Threatened By Bankruptcy Proceedings [View article]
    Sanjay, We never said assets were not real. If they were not real there would be no reorg!!! FYI, we write far more bullish articles than bearish (if you don't include the pump and dump penny stocks scams). I am curious, what is your thesis on how the equity holders will survive this ordeal. You do realize that 35% of the reorganized company is going to employees? So that leaves 65%. Why would the bond holders have any incentive to "Really" do anything for current equity holders?

    What in these quotes would make any rationale investor think the equity will be saved?

    1. If default occurs, according to the DIP agreement, the company would have to liquidate its assets to repay the DIP principle and accrued interests incurred.

    2. there appears to be no substantial likelihood that equity will receive a meaningful distribution in these cases to justify appointment of a committee."
    Aug 27, 2013. 11:38 PM | Likes Like |Link to Comment
  • Equity Ownership In Patriot Coal Shares Threatened By Bankruptcy Proceedings [View article]
    AAMRQ is a much different scenario. You had a merger in this story. Seriously, the DIP is even close to default. Just tell me where the billion dollars is coming from?

    Why don't you reference the majority of Chapter 11 cases that do nothing for the equity?
    Aug 27, 2013. 11:59 AM | Likes Like |Link to Comment
  • Equity Ownership In Patriot Coal Shares Threatened By Bankruptcy Proceedings [View article]
    Well, the courts so far do not agree with the CEO. Who are you going to believe?
    Aug 27, 2013. 10:10 AM | Likes Like |Link to Comment
COMMENTS STATS
389 Comments
176 Likes