Captain_Porter
Posted - 1 day ago
$MIND Music interlude from Jeopardy.....please listen to the music for foreseeable future while plan B is hashed out. The Capt'n guess is special meeting will occur near or around time of annual stockholders meeting (July-Aug) time frame. Question is now what will MIND propose with regards to terms of P's in the forthcoming announcement of amendment? Will it be a re-hash of the 2.7 or will a new ratio be released one that provides a better return for those holders of P's? Would a new term be released with a ratio of 3.2 commons for every P? could they drive commons to say $8.50 per share organically or off of stellar earnings and then factor in that ($8.50 x 3.2) equals $27..ish and that may appease the P holders. Just the Capt'n two cents and assume we shall see what the revised proxy holds in store for us all, But this latest effort to gather conversion support obviously failed, so what's ahead mates?
justbaseball25
Posted - 1 day ago
$MIND $fucked They don't know what to do.
stk1231
Posted - 1 day ago
@Stock_Titan $MIND - doesn't sound well. May be they don't have good response for conversion proxy. Does it mean solvency next?
Stock_Titan
Posted - 1 day ago
$MIND MIND Technology Postpones Special Meeting of Preferred Stockholders
https://www.stocktitan.net/news/MIND/mind-technology-postpones-special-meeting-of-preferred-d5lf4nqaz7n9.html
Captain_Porter
Posted - 1 day ago
$MIND Nifty little late day volume seems to clearly favor the P's could this be an indicator that 2.7 in the hand is better than pipe dream in the bush...Arrhhhggg
justbaseball25
Posted - 2 days ago
$CSSEP lol please don't listen to this guy they ARE cumulative, but they will all but likely never pay on the pref again. May get lucky and get a conversion to common such as $mind $mindp. The note pays before the pref. They have an unreal amount of debt. Have a few lawsuits against them.
Captain_Porter
Posted - 3 days ago
$MIND Keeping it close to the vest....MIND Mgt silent and not a whisper as to anything. So the Capt'n would have to assume we have at least two options in hand and readied. One the vote passes and conversion date will be announced at some point and earnings get released then we see how we did for fiscal '24. Or...Two the vote fails and we get earnings and then see how the company can position itself for a sale, then have earnings release and an interesting conference call. Nail bitter ahead folks sit back watch it unfold. Eventual sale of MIND is hopefully in the works, can't window dress it much more other than smashing earnings and backlog announcement.
Desat
Posted - 6 days ago
@simppa I think people are underestimating just how ridiculously well things could be going (or could go) for $MIND. They may post staggering numbers this year just based off already announced sales momentum and seamap fundamentals. But should their new anticipated seismic related repair business pick up, sea serpent catch some orders, or meaningful royalties come in from the Klein sale as well, they could really blow some minds here. Think both the stock and the prefs are silly cheap here irrespective of conversion outcome, though especially cheap if the conversion goes through. Think if pref holders fail to vote for conversion here they’ll be in a world of painful regret when $MIND starts proving out and common hits the stratosphere. Just my prediction, of course, but the best articulated case against bullishness from current price levels looks pretty ridiculous to me. The ball would really have to bounce off the backboard and bounce from head to head knocking out players for an L.
simppa
Posted - 1 week ago
$MIND Kraken reported Q4 yesterday. Their revenue was $41 million in 2022, $70 million in 2023 and they expect $90-100 million in 2024.
Karppi
Posted - 1 week ago
$MIND Scary or not, bought some more.
stk1231
Posted - 1 week ago
$MIND Price has been crashing to very scary levels now. 40% drop in such a short time is finally starting to make my stomach chrun.... keeping fingers crossed for 4/25
Captain_Porter
Posted - 1 week ago
$MIND Volume today is so pathetic that the Capt'n bought a single share just to have something reflect in the column...LOLZ and too much can't wait for this vote results to be over.
Karppi
Posted - 1 week ago
$MIND So 4 days after the conversion meeting. Can only imagine the amount of speculation running in investors heads.
Stock_Titan
Posted - 1 week ago
$MIND MIND TECHNOLOGY ANNOUNCES FISCAL 2024 FOURTH QUARTER AND YEAR-END EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE
https://www.stocktitan.net/news/MIND/mind-technology-announces-fiscal-2024-fourth-quarter-and-year-end-h65yb826v0jt.html
Karppi
Posted - 1 week ago
$MIND Would not be surprised if we didn´t hear from MG anything at all before 25th of april. No new orders or 4th quarter earnings. All focus is getting the conversion done and any positive news would only be harmful seeking that goal.
Captain_Porter
Posted - 1 week ago
$MIND MIND now has an "E" associated to it on most brokerage sites and as such is/was a temporary character suffix added to stock symbols traded on the Nasdaq exchange, which indicated that the issuer of the stock is/was delinquent in regulatory filings. As the Capt'n has suspected it would appear that either management wants to avoid sharing 4thQTR/YEresults until after the special meeting and vote results of the P's shareholders. Why? that remains the question and there are too many variables pro/con to suggest any fundamental reasoning. Slow grind ahead for another week.
Jarvis7
Posted - 1 week ago
@Captain_Porter @stk1231 -No i don't think $Mind has offer on table (will be happy to be wrong). In the last Conference call, they said they couldn't ship finished product because of trouble in securing additional loans to help production. And them coming to ask for conversion after 4 months, seems too late and they might have lost that order completely. I was really hoping for juicy $35M sales jump in 1Q. But doesn't look like that will happen....if they announce loss in sales, voters may agree to conversion easily. Not otherwise.
stk1231
Posted - 1 week ago
@Captain_Porter $mind How can preferred stockholders vote without being informed of the current company condition? They're already behind schedule for the earnings report. If they fail to secure preferred stock conversion, the company could face liquidation. I hope they've sorted out supply-side problems and shipped the products.
Captain_Porter
Posted - 1 week ago
$MIND It may help to stabilize the commons if they were to announce 4th/YE results before the vote but no sure that they will. Too quiet no noise/news/anything.
RollingDollar
Posted - 2 weeks ago
$MIND
Leiskaj21
Posted - 2 weeks ago
$MIND Earnings today after close?
Captain_Porter
Posted - 2 weeks ago
$MIND The announcement to defer is no shocker, management see's it as a waste of funds and those waiting for dividends will continue to wait. The Capt'n has P's and C's but dont expect a payout until the eventual sell of MIND later this year. Capps let's hope you get us shareholders a descent payout for out loyalty.
stk1231
Posted - 3 weeks ago
@Captain_Porter $MIND why do you think buyout offer can be above $15.5, how do you come up with thtat target
Captain_Porter
Posted - 3 weeks ago
$MIND 4th Qtr/ Ye announcement likely being sent out tomorrow with results and CC being a week or so following announcement. Then the Pref shareholder meeting and vote, then we shall see after that. My hopes are that the votes are there for the conversion and that we get a buyout offer all cash deal >$15.50 per every common. That would be a buyout north of $90m I think.
Desat
Posted - 3 weeks ago
$MIND $MINDP quick reminder as market drops and oil pops that elevated oil prices is super bullish for $MIND as it’s a driver for its two biggest current tailwinds: offshore oil and offshore wind. Let’s get this conversion through, post some great sales momentum, and sell the business as all signs suggest management is trying to do. Those deeply interested can continue to read the ongoing exchange in comments on seekingalpha I posted earlier, which includes discussion on why management can’t increase the conversion rate offered substantially without breaching fiduciary duty to common holders and why the conversion rate is excellent for all involved once you do the math. Any preferred holders who intend to vote no really missing the mark IMO.
justbaseball25
Posted - 3 weeks ago
$mind $HCDI $otrk $SLNH
_StockTrader
Posted - 3 weeks ago
Real-Time Stock Data $MIND
Price: N/A
Volume: 4326
Market Cap: 7042958
PE Ratio: 4.175
Powered by: AITX
justbaseball25
Posted - 3 weeks ago
@scalpemfast @dumacre Yea.. Im not expecting interest on the interest. I'd be happy with just restarting payments. But as u pointed out, prefs gonna eat away the common. Look at what's happening with $mind $mindp. Could be sign of what's to come for shit company preferreds thay don't wanna pay.
RollingDollar
Posted - 3 weeks ago
$MIND