The SI board is only letting me post 5 times a day and they're also asking me for $45.00. I think they are starting to phase this in. In addition, thjs is getting tiring. My position is time will tell.
In the meantime, I will respond to several posts at once.
No, I have nothing to do with Assensio or Prichards. I dont think I ever made any of the 10 statements that PRD refers to. I dont use such strong language. I am short as you are long. However, some of your 10 have not been proven positively or negatively, i.e.
1) As I read it, SOLV has permits for testing (not production)
2) SOLV has run out of $ b4 producing oil and is now going to the reg s "investors" for more. This puts SOLV in the REG S whore category.
3) Yes, SOLV is in default to DMG, but they haven't "produced" oil, only tested-this according to SOLV. When DMG forces to solv to repay, I dont know.
4) Again, they're only testing. And I dont think they'll end up in jail (at least not that fast)
5)The class action suit has not really started. The amended complaiunt comes out in a few eeks. The classes will be combined wil be finalised/formed then
6) IS their technology better? Do they have technology? I cant prove it no right now. But you cannot prove it yes either.
7) If they get the permit-great! Stock rises, better short pricing.
8) As you say "the final proof....should come soon"
9) As you say "remains to be seen"
10) If they do what they say, yes, it will be AMAZINGLY scary for shorts but so far they have not performed (not in my opinion).
To the post questioning my education, you are right, I am not educated in bitumen mining, so I would like to revise my post now to exclude the (sham) remark. I am not saying it is not a sham, but I have not seen it personally, and if I did I wouldnt know if it worked or not. However, from what I understand Milberg Weis's investigator is on the plant like a cheap suit.
Regarding the question of my math from the smart one:
If the investor has to put up $100 (I know its $10 million but just to simplify) for 20 and 45 days, then the avg is 32.5 days @ 20% premium payed by the company on a forced conversion.
365 days / 32.5 days=11.23 X 20% (premuim) =~225 % annualized + interest (the 225% is only premium) + costs + placement fees
But the deal is actually better: Investor puts up $10 million for 20 & 45
days, plus at the time of conversion, they get to add $5 million each time and get another 20% discount (25% profit) or 20% premium. All this for one days work. They can sell the stock right away.
Do you think that these foreign investors care about the plant? They oinly care that the stock will continue to trade for 45 additional days and that SOLV can register the additional stock. Mark my words now, in 20 & 45 days from whenver this deal closes watch the volume. They'll be tons of stock be sold short for conversion.
Regarding Rendall's 2 mill investment in the deal, Im sure his deal is as sweet or sweeter. Hell be selling too.
Good Luck, I mean it. I dont want to lose $, and I dont want it upon anyone.
Enough, Enough, I might just watch all you long cheer the stock price up..
racer |
