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  • Is this Normal MCP Molycorp Activity? 7 comments
    Feb 19, 2011 6:45 PM | about stocks: IQ

    I don’t have a lot of experience with SEC Form 4’s, but is this normal activity in Moly due the open lock box or is this a bigger deal?

    Here is the link:

    click document then c127**_4x0.html to see the Form 4


    Filed 2-18-2011

    Resource Capital disposed 6,976,383 shares on 2-16-2011

    TNA Moly Group disposed 2,339,028 shares on 2-16-2011

    Mark Kristoff disposed 2,339,028 + 120,782 shares on 2-16-2011

    John Burba disposed of 33,225 shares on 2-16-2011

    John Ashburn disposed of 26,580 shares on 2-16-2011

    Jack Thompson disposed of 35,883 shares on 2-16-2011

    Brian Dolan disposed 6,976,383 shares on 2-16-2011 (See Resource Capital)

    Mark Smith disposed 72,749 shares on 2-16-2011 (over $1 million in value)

    Craig Cogut (Pegasus Capital) disposed 6,113,616 shares on 2-16-2011


    Stocks: IQ
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Comments (7)
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  • Sarcastic Processor
    , contributor
    Comments (223) | Send Message
    Hey Cheinstein, this is just the reporting of the sales from the secondary offering priced at 50 on 10 Feb, with trade date of 11 Feb and closing (a.k.a. settlement) date at the standard L+3 of 16 Feb. And there is double counting due to listing the same sales under different partners. In total, it amounted to 13.5 million plus a little over 2 million over-allotment. The rest of the insider shares are still locked up.
    20 Feb 2011, 11:31 AM Reply Like
  • ronr0321
    , contributor
    Comments (2) | Send Message
    What should we expect the price of MCP to do this week after all of the selling late Friday?
    22 Feb 2011, 01:03 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
    Author’s reply » MCP is having a good day. I would not buy it. But the stock has moved down a lot and the insiders are locked up again. I think this approach is bad because it promotes volatility. Moly should just focus on it's projects and get its Q4 earnings out in a timely manner.
    22 Feb 2011, 10:04 AM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
    Author’s reply » Thanks for the information SP, but your attitude is awful.
    SP's about: "Solid application of my considerable intellectual capacity and education at the very top tier schools on both coasts allows me to cut to the essence of the situation and is responsible for my not inconsiderable wealth."


    What a fraud and a joke. No name contact or verifiable info. Just a big ego hiding behind a horizon. Add to that 15 comments and 15 cheap shots at a variety of authors, and I am suppose to take you seriously? Please.
    Your information was good. But you are a clown. Take your bitterness... erh considerable wealth and top tier education (I would have thought your top tier education would have taught you not to use a double negative-i.e. "not inconsiderable")... and post elsewhere. You are a silly distraction to true investors and real high net worth individuals.
    20 Feb 2011, 02:55 PM Reply Like
  • Sarcastic Processor
    , contributor
    Comments (223) | Send Message
    I don't use no improper double negatives, other than for purposes of humor such as in this sentence. Use of a double negative as an intended (mild) positive is perfectly proper, as opposed to double negatives in which cancellation of the negatives logically results in a positive, in contravention to the intended negative. So yes, my education has served me well, although the points discussed here were mastered in elementary school. Perhaps your bitterness is a result of either not getting an education at top tier schools, or if you did, obviously not getting your money's worth.
    20 Feb 2011, 05:40 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
    Author’s reply » Dude, I am not bitter. You are the defensive clown here.
    20 Feb 2011, 09:23 PM Reply Like
  • chihawk
    , contributor
    Comments (2083) | Send Message
    Author’s reply » My Q to Moly:When will the next earnings call occur? Is the project on budget? Is
    any more detail available on how Molycorp Minerals will be the low cost producer
    in this field. Any additional patents, diagrams, or cost breakdowns forth coming
    on the subject?


    Moly response: We believe the earnings call will take place in the second or third week of
    March, where we hope to address your other questions.
    The Form 4s you are seeing are part of the secondary offering from certain
    stockholders that was announced on January 24, 2011. We are not selling any
    shares of our common stock in this offering, nor will we receive any proceeds
    from the sale of common stock by the selling stockholders.



    Garrett Edson
    23 Feb 2011, 04:47 PM Reply Like
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