Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Got out just in time, lost a lot but still recovered a bit
DUNRQ: Bankruptcy PLAN effective. All shares cancelled.
http://otce.finra.org/DLDeletions
I had too many shares in my account. Not one want it .i give up .wait for delisted
Sold almost 30k shares at .0027, not too bad. Hopefully the rest of my order will be filled by the time this thing delists.
Didn't sell yet, I have 250k shares at an average of about 1.5 cents, so about 3000$.
When shares could delist?
It is hard to know. It could happen as soon as the day after the POR is in effect. There was one other stock (exide or something like that) and as soon as the plan was in effect, the stock stopped trading the next day.
Louis J. Desy Jr.
Looks like shares are indeed worthless. Any idea when the effective date is? Did they at least allude as to when they will disclose it? Planning on holding shares and hoping to find the best exit point. Any response is appreciated.
Ya also holding buddy no point in selling now even if I did I would crash it to 0.0006 or so and recoup about $400 no point. Ya I'm pretty much in the same boat as you with my account. I'm playing on more which a few friends of mine got me into which is really promising and coming up soon. I hate pink sheets but this one is different. Gl man check my posts you will see which on i'm talking about. If you have some free cash buy some and you will remember me. Vp**
I wish I knew the effective date that they're planning to put the plan in motion. I'm probably going to hold for a while and hope it runs, you? Personally my account is almost wiped. Give me some L2 updates from time to time if you could since I don't have the tool. Thanks.
Hey buddy thanks for that. Ya pretty bummed I had high hopes for us here. I have played a lot of bk's since 2009 and I have never came across one that is so dead not even a pump run or anything. No dumping today from anyone today or lately so weird also why is everyone holding for? Anyhow man lost a lot but good thing we are alive and can make it back one day and live to see another one.
Tomorrow I will sell 0.9 million shares at 0.0030 if someone take it I will continue to sell.
You're going to sell all your 2.4 million shares tomorrow? Inb4 this goes below .001.
You guys going to sell or are you going to hold nonetheless?
Sadly yes. See for yourself, docket 555, bottom of page 2.
https://cases.primeclerk.com/duneenergy/Home-DocketInfo
Apparently the meeting is going to continue tomorrow as well, we're dead meat though. Our only hope lies in the market makers, they're still holding their shares, my guess is they're going to run it up before the stock stops trading indefinitely so that they can get as much money back. Good luck, I'm close to losing my life savings.
People still buying, weird but nothing surprises me anymore. Look at radioshack, it's been deemed worthless for some time now and it's still trading. Don't be surprised if this keeps on trading for a while, we may see a run soon.
Page 2 in docket 555 found in prime clerk,
My god, we will get nothing at all
Read document number 554 in the docket.
Objections to the disclosure statement have been withdrawn, meaning shares are worthless, as I understand it.
Page 9 of the disclosure statement states equity holders shall receive nothing.
Good luck for all of us holding...............please !!!!!!!! tomorrow
I'm sure it won't be the end. Hopefully the MM's will let it run even if it's worthless.
Ya buddy I feel you on that one. Sick of wAiting just want to close this book as a bad trade or a good one. Good luck to you and all of us holding
Last day,,,,,,,,,,,,,,,body. Winer or loser tomorrow will be know.god bless us
Thanks for the reply bud. I so agree with you sometimes they make a stock run out of no where and I will be watching closely hoping to make a buck. I really had big hopes for this stock to run but was greatly disappointed. Hopefully my dream comes true and walk away with a profit. Right now it's pointless to sell as I might pull in 300-600$ or I will just take the write off if worst comes to worst. Thanks for you insight buddy take care.
Hopefully I'm wrong and they're not worthless, I would gladly wait the bankruptcy out if a specific number was thrown in there. I'm a new investor but I've done some research and have seen some past stocks trading at close to zero like DUNRQ is and all of a sudden they hit $.1-$1 pps! Then back down to close to zero in a very short amount of time. Can't guarantee this is going to be the case here, but if it will be, I'll be ready. The market is artificial by nature, the MM's have the final say imo.
Thanks buddy so coming up is our doomsday. Hopefully they let here run a bit would be nice or we get some surprise out if left field
September 17 2015 is the disclosure statement date. Most likely the shares are worthless, I'm banking on the fact that the MM's are going to pump the prices so they can break even. We shall see.
https://cases.primeclerk.com/duneenergy/
Hey Levon what are the next dates we are waiting for if you know if you have a clue. Trying to find out but my dd comes up short. I really hope they pump this up still holding since 0.0084 500k would like to get some of it back.gl and thanks again
Remember, a lot of MM's still hold their shares. They're going to artificially pump the prices if they know for sure the stock is worthless in order to get as much money as possible back. I wouldn't be surprised if this stock soars back into penny land.
I expect DUNRQ will cancel the shares as soon as the bk case comes to an end. It will certainly be interesting to see what happens in its final days. A lot of trades will be happening. Just got to look for the best exit point imo. The hardest part is knowing when to pull the trigger otherwise you'll be one of the ones stuck with worthless shares.
Don't have a holding of it so I don't know too much about it. Do your research on it using ihub stock twits, yahoo finance etc...
we hope good things happening........
solid 235k buy today. Hopefully someone knows something we don't.
Anyone can tell me about this stock cytx. Good to for long term??? 1 or 2 years ?? Give me a advice,thank you
And it's back down. But decent volume.
Bid moved to .0024 from .0012, ask from .0024 to .004. Overall a good day and a solid 50k buy.
This stock is very strange! No news, only show the number of deals. Anyone knows what happened to it recently
yeah, I have 150k at NEWL as well. I'm not sure tbh. I got in at .003 before it went to .001, it seems to have bottomed out which is good. Who knows where it could be in a year's time? Hopefully $.1+ pps.
Anyone know about. NEWL no bider and no asker. Why. Why????
Lol at 100% increase, unless the bid starts going up, it will just fall back down to 0.0012 tomorrow morning.
On a positive note there are A LOT of oil plays that could turn $2000 into $20000 or more. GDP YUMA VTG EOX WLTGQ UWTI UGAZ RUSL GASL to name a few possibilities from these levels.
All my life I had to learn something the hard way but in the end it all worked out. If my investments In bpzrq dunrq and newl don't work out, my former 20k acct will be wiped clean.
Me either buddy. I have been burned the last few times I have played these bk's. The good old day are done. I remember getting into cemtura cemjq I believe at 0.026 and it ran like hell. My wamu's the Lehman, ggp, the list goes on. But the past few years one piece of crap to another and non run not even people trying to pump it to make it run just flat so weird. This will be my last bk I play when this is over, wasted to much money and energy on these. Gl my man
Now is not the time to talk about debt, we need to pay attention to the matter, for the sake of their own interests, to put our abandoned. We give away like trash
250k here. June balance sheet was looking great. July's not so much. I don't understand how the assets went down so much.
??
Sometimes I even think we have to do something.
Ya it sucks I have 500k can't even get rid of them if I wanted too. I would tank this thing to 0.0001. Anyhow all the best too us keep our fingers crossed
Followers
|
34
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
1755
|
Created
|
07/20/10
|
Type
|
Free
|
Moderators |
http://www.duneenergy.com/index.html
Dune Energy, Inc. is an independent exploration and development company, with operations focused along the Louisiana/Texas Gulf Coast. Dune operates over 90% of its production and typically maintains a 100% WI. Proved reserves as of January 1, 2010 totaled 105.5 Bcfe. Dune will continue to exploit its existing asset base, seek accretive acquisitions, and enter into additional joint venture drilling programs.
http://www.duneenergy.com/PDFs/DNE_Investor_Presentation.pdf
Dune actively manages its drilling program to increase oil and gas reserves and production while keeping its finding and development costs and operating costs competitive. For the next several years, Dune intends to focus on exploitation of its underdeveloped properties through extensional drilling and low-risk step outs. Dune has a 2+ year current drilling inventory on Gulf Coast properties. In 2010 and beyond the company will continue exploiting low-risk opportunities on its existing acreage positions, and gradually increasing its focus on exploratory opportunities, by applying technology and capital to untested zones with significant upside in deeper pool and subsalt potential. In conjunction with this focus on exploration, Dune will pursue opportunistic, accretive acquisitions. Dune also intends, whenever possible, to maintain operatorship to control the timing of operations and its cost structure. Investment opportunities will focus on high IRR projects.
Dune has a results oriented management team, with an average Gulf Coast experience of more than 25 years.
Alan Gaines – Founder and Chairman, has 25+ years of investment banking and M&A experience in the energy industry.
James A. Watt - President and CEO, has 35+ years of oil and gas experience with a proven record in operating Gulf Coast assets and building E&P companies
_______________________________________________________________________________________________________________
Aug 04, 2010 Dune Energy Reports Second Quarter 2010 Financial Results | |
|
Jul 16, 2010 Dune Energy Announces Stock To Be Quoted Under Symbol DUNR | |
|
Jun 30, 2010 Dune Energy Closes Sale of South Florence Field and Amends Revolving Credit Agreement | |
|
Jun 25, 2010 Dune Energy Announces Voluntary Withdrawal of Its Common Stock From the NYSE AMEX; Stock Intended to be Quoted on the OTC Bulletin Board | |
|
Jun 21, 2010 Dune Energy Concludes Annual Meeting | |
|
Jun 04, 2010 Dune Energy Announces Adjournment of 2010 Annual Meeting of Stockholders | |
|
May 06, 2010 Dune Energy Reports First Quarter 2010 Financial Results | |
|
Apr 29, 2010 Dune Energy, Inc. Announces Property Sale and 2010 Drilling Plans | |
|
Mar 29, 2010 Dune Energy, Inc. Receives Notice From NYSE Amex Accepting the Company's Plan for Compliance With Continued Listing Criteria | |
|
Mar 26, 2010 Dune Energy Reports Fourth Quarter and Full Year 2009 Results |
|
YEAR | TYPE | |
| ||
2008 - | Dune Energy Annual Report | |
2007 - | Dune Energy Annual Report |
Joint Ventures from latest press (10-18-10)
Garden Island Bay, Plaquemines Parish, Louisiana
Dune Energy Inc., through its subsidiary Dune Properties Inc., together with two industry partners, intends to drill a 19,500 feet exploratory subsalt well within the Garden Island Bay Field to test potential Miocene pay sand. The prospect has been mapped with state-of-the-art depth-migrated 3-D seismic data. Potential unrisked reserves are estimated to be in excess of 100 MMBOe. This prospect targets sands of similar age and structural settings to the Pompano Subsalt Field in Viosca Knoll 989/990 and the Mahogany Field located in Ship Shoal 349. The Pompano and Mahogany Fields, located in the Gulf waters of the Federal Offshore are approximately 50 and 125 miles respectively from Garden Island Bay Field which is located in the onshore state waters of Louisiana.
The well is anticipated to spud in January of 2011. Dune will initially have a 15% working interest in the prospect, escalating to an approximate 26% working interest after the first 3 MMBOe of gross production. Dune will fund its proportionate share of drilling costs through cost recovery. Dune maintains its 100% working interest in all existing production from the field and in all lease acreage, with the exception of 9,000 acres associated with this prospect that is beneath the salt dome and at depths greater than 12,000 feet.
Leeville Field, Lafourche Parish, Louisiana
Dune has signed a LOI to sell 60% of its non-productive, leasehold interest within the Leeville Field to a private exploration and production company for $5 million. The company intends to form a joint venture to further exploit undeveloped opportunities within the field. Dune will have a 40% working interest in this venture.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |