RE - SKF, I keep just missing today. I would think it wants to break towards $130.
As for QMNM @ $1, I think we'd all go down and take over their shifts for a day in return.
Posting of Real-Time Trades and a VERY SIMPLE technique that makes TRADING SIMPLE!!!
9 comments:
do you plan on also asking Eugene about his concerns over the stock being beaten down? does he plan on focusing any PR to help it (and the company) out, or does he just plan to let numbers etc speak for themselves?
let's face it, PR news is good. and even bad news can turn a stock positive if dealt with properly. There isn't any real reason for the stock to be dumping, so maybe he wants to put some effort into helping it out. also, can he do anything about keeping it off the naked short list?
i still have confidence in the stock and company, and will stay in it long term...so i'm not overly concerned with the current drop. but things can get momentum out of fear, and then "good news" will only bring us back to the .02 range, instead of taking us to .04+
The biggest thing is the BK hanging over it's head.
My home run stock FOAMEX (FMXL) entered bankruptcy and stayed under .02 until they were able to exit. It's hard for most to invest when they hear bankruptcy because a lot of times the company reorganizes and the common shareholders receive nothing and a new stock emerges.
I think exiting BK is gonna be a MAJOR turning point in QMNM (as well as production numbers), but I still see people posting that "it's a scam" company and "there is no coal".
Hopefully we can get past this among ourselves and i'll post on the other boards as well, after me & Lat visit on Monday.
Things the investors would have liked to hear:
"We have a contract to XX tons at XX price. We can fulfill that contract by the contract end date. If we are able to produce XXX tons per day we will be producing XX tons over the contract amount which we have been assured we can sell at XX dollars per ton."
"We have recently hired a second shift in addition to the maintenance shift. With two shifts mining full time we are very confident we can produce XXX unwashed tons which will give us XXX washed tons to deliver."
Based on these projections I believe we will have sufficient cash flow to: a) pay off creditors in a manner acceptable both to them and to the BK court; b) continue the rehab of Cedar Grove and be able to bring it online around the end of 2008; c) Build a wash station for our coal; increase the company's cash position so that we can further explore acquisitions of valuable Appalachian coal. We believe we can do this without diluting existing shareholders."
"We project being able to use cash flow from Pond Creek to remove the company from BK protection by (date). We believe it is in the best interests of the company and its creditors that our plan be accepted."
"While it is too early for us to project actual earnings numbers, once we have exited BK and Cedar Grove comes online we are very confident that shareholders will be rewarded for their patience."
"We have had, and continue to receive, frequent inquiries about our valuable Appalachian coal. With coal prices on the upswing, the future of Quest is bright."
See? Like that.....
notnow...that's exactly what i'm talking about...some good PR. i realize that's it's not Eugene's style, therefore he shouldn't be doing it. haven't they hired a PR company?
Nate,
Undoubtedly not. And it certainly isn't Eugene's style. I don't know if they have the money to hire a PR company. I think Eugene's plan is to dig coal out of the ground and sell it, and pay off the creditors, and plow the rest into wash station / Cedar Grove / acquisitions. I'm not sure he understands how badly the shareholders wanna hear the magic term "EPS".
there you have it, Joe. that's what you need to talk to him about. slap him with a wet towel and say "bring me some PR, b!tch!"
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