Posted On: 12/29/2014 11:18:17 AM
Post# of 640
4 scenarios, 3 positive one bad
The key is that both Short and Belt are working on expired contracts with the automatic one year extension. Belts extension runs out in June, Short's next December .
Positive # 1-- The company is going to be sold before Belt's expires. Short would not sell it down here, but he and his buddies want more than a double from here, that is way too low for them. Legacy shareholder will lose on the deal, unless they have been averaging down.
Positive #2--- A majority buy in is already planned, but Short wants the stock up first. I still maintain the Bunge former exect at Irgovel is there to open more plants like he did other oils in Russia.
Positive #3-- Some other really big news will come soon and Belt and Short will get new and bigger contracts then that would not seem justified now. I poo poo this one because Short last year bought a $500,000 property in Bend Or.
Negative--- Short and Belt are under fire and have been told they are out by next June if they don't perform. I poo poo this because Short in August got a bonus of $600,000 shares of stock. If things were bad he would not have received that. Also, insiders buying with their own money does not point to a dying company.
The key is that both Short and Belt are working on expired contracts with the automatic one year extension. Belts extension runs out in June, Short's next December .
Positive # 1-- The company is going to be sold before Belt's expires. Short would not sell it down here, but he and his buddies want more than a double from here, that is way too low for them. Legacy shareholder will lose on the deal, unless they have been averaging down.
Positive #2--- A majority buy in is already planned, but Short wants the stock up first. I still maintain the Bunge former exect at Irgovel is there to open more plants like he did other oils in Russia.
Positive #3-- Some other really big news will come soon and Belt and Short will get new and bigger contracts then that would not seem justified now. I poo poo this one because Short last year bought a $500,000 property in Bend Or.
Negative--- Short and Belt are under fire and have been told they are out by next June if they don't perform. I poo poo this because Short in August got a bonus of $600,000 shares of stock. If things were bad he would not have received that. Also, insiders buying with their own money does not point to a dying company.
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