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Feel the heat?
No way for this POS,
just look at the clientele
holding here.
Heading for a fox dumping spot.
FWMHQ, BK PLAN effective. All shares cancelled. FINRA deleted symbol.
http://otce.finra.org/DLDeletions
They already emerge.. Read yesterday filling.
So are you saying that this Fairway Group Holdings Inc will emerge from BK anytime soon ?
What is the IOU amount versus its cap size ?
I guess it will not going to be below penny.. Remember Kmart emerge from BK open at below a dollar then move really well to more than $10 in less than a month.. I my recollection is right.
If that new shares stays at .0050 and below then great ... depending on its cap size itself ... Good To Watch ... Il add you to my member s list...
Ahhhh.. That is only shares available new shares....
Yep, that's what I was told, thank you.
Never buy new shares .. wait until after few weeks or even months. CRAPOLA
Shares have been canceled, MM's are gone from lvl 2 because it will never trade again.
Thanks for the info, GLTY
Sorry for those who bought today.. This should be cancelled as of yesterday.. Effective date I believe is 7/6/16..
Looking to get cheaps on new shares..
Ah, thanks. Glad I was only watching.
Nope.. All old shares cancelled...
Looks to be halted now but not on halted list. Could be my L2 is screwed up.
Game over.. Waiting for new shares
Creminelli Salami
Shipping free for orders over $30
https://shop.fairwaymarket.com/product/crem-chub-tartufo.html
Facebook post... Veroni Salami Sale
https://shop.fairwaymarket.com/product/hebrew-nat-12z-salami-mild.html
FWMHQ Is it safe to buy this share now ? Do anyone of you own it ?
SHARES TO BE WIPED
HALT TOWARD GREY MARKET
GAME OVER ...
Good product !!! ;)
Fantastic Bonne-Maman Apricot JAM on sale
https://shop.fairwaymarket.com/product/bonne-m-pres-apricot.html
Applegate Hot Dogs
https://shop.fairwaymarket.com/product/appl-frank-beef.html
Website is still active....... buy some FRUIT
https://shop.fairwaymarket.com/
And pirates booty
https://shop.fairwaymarket.com/product/pirates-booty-wht-chddr.html
8-k says shares are canceled, probably be halted at the open. I wouldn't buy this stock today unless you want to lose money...
FWHMQ .07 looks like 4ema holding trend. Low vol pull
stock needs that one day of a crazy volume spike. the company has been given a life line
Interesting action here. Still should end up being worthless. Not wise to continue to be long here with the company expected to emerge from bankruptcy during the week of June 20th, 2016. Let me reiterate from the PR:
"All of Fairway’s outstanding shares of common stock will be cancelled pursuant to the Plan with no distribution to the holders thereof."
What part of that don't you understand?
P and D seems like to me. Volume dried up and seen 200 times before
That's still the last public statement made from the bankruptcy agreement; I am intrigued by this opportunity though
You were saying troll ?
this stock will hit everyone scans today...should of hit everyone yesterday but tomorrow should be fun too
FWMHQ .07 +100%
FWMHQ lil action
From today's press release:
"All of Fairway’s outstanding shares of common stock will be cancelled pursuant to the Plan with no distribution to the holders thereof."
Stock will soon be worthless.
Of course we will no one cares about worthless piece of crap companies like this pathetic grocery junk
Who bought them? For how much? Will shareholders not be wiped out?
FWMHQ is bouncing up tomorrow, lot of investors are buying in, volume is high even if it's OTC.
FWMHQ was acquired by billionare. BK might be reversed! High: $5.06. Huge bouncing soon!
FWM changed to FWMHQ, bankruptcy. Delisted to the OTC.:
http://otce.finra.org/DLAdditions
FWM, you are going to .....
"REEEEST, IIIIIIIIN, PIIIIIIEEEEECE" - Undertaker voice
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Fairway anticipated to emerge with approximately $50 million of cash
New Brooklyn store expected open in late 2016
NEW YORK, June 08, 2016 (GLOBE NEWSWIRE) -- Fairway Group Holdings Corp. (NASDAQ:FWM), the parent company of Fairway Market, the iconic New York food retailer that offers customers a differentiated one-stop shopping experience "Like No Other Market", today announced that the Plan of Reorganization (the "Plan") was unanimously accepted by 100% of voting secured lenders and confirmed by Bankruptcy Judge Michael E. Wiles. Fairway is expected to emerge from bankruptcy during the week of June 20th, 2016 with approximately $50 million in cash, a substantial reduction of its debt by $140 million and a reduction of Fairway's annual debt service obligations by up to $8 million.
"Thank you to all the customers who have continued to support Fairway. Our stores are open and stronger than ever," said Jack Murphy, Chief Executive Officer.
In accordance with the Plan, all prepetition unsecured creditors, including suppliers, employees, unions and other trade creditors were not impaired and were and will continue to be paid in the ordinary course of business. The senior secured lenders will exchange their loans for new common equity of Fairway and some reinstated debt. All of Fairway's outstanding shares of common stock will be cancelled pursuant to the Plan with no distribution to the holders thereof.
Jack Murphy added, "We will emerge from bankruptcy with a stronger balance sheet, $50 million in cash and the backing and commitment from the senior lenders and new shareholders to re-invest in the future of Fairway. We will continue to provide to our customers the best food experience in the greater New York area and we pride ourselves on continuously improving our product offering while maintaining the freshness and quality our loyal customers have come to expect."
In addition, Fairway is on target to open a new Fairway store in Georgetown, Brooklyn in late 2016.
Forward-Looking Statements
This press release contains forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause the Company's business and results of operations to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements can be identified by the use of words such as "will," "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "intends," "potential," "continue," or the negative of such terms, or other comparable terminology.
Risk factors that may affect the Company's results include, but are not limited to, those described under the heading "Item 1A. Risk Factors" in the Company's most recent Annual Report on Form 10-K and under the heading "Item 1A. Risk Factors" in the Company's most recent Quarterly Report on Form 10-Q, as well as the following: the ability of the Company to continue as a going concern; the ability of the Company and its subsidiaries to prosecute, develop and consummate the Prepackaged Plan; the effects of the bankruptcy filing on Fairway and the interests of various creditors, equity holders and other constituents; Bankruptcy Court rulings in the chapter 11 cases and the outcome of the cases in general; the length of time Fairway may operate under the chapter 11 cases; risks associated with third-party motions in the chapter 11 cases, which may interfere with Fairway's ability to develop and consummate the Prepackaged Plan; the potential adverse effects of the chapter 11 proceedings on Fairway's liquidity or results of operations; the potential adverse effects of the chapter 11 proceedings on Fairway's relationships with suppliers, employees and customers; the ability to execute Fairway's business and restructuring plan; increased legal costs related to the bankruptcy filing and other litigation; and Fairway's ability to maintain contracts that are critical to its operation, to obtain and maintain normal terms with customers, suppliers and service providers and to retain key executives, managers and employees.
Any forward-looking statement made by the Company in this press release speaks only as of the date on which such forward-looking statement was made. New risks and uncertainties arise from time to time, and the Company cannot predict these events or how they may affect the Company's business, financial condition or operations. The Company undertakes no obligation to update or revise the forward-looking statements in this press release after the date hereof, except as may be required by law.
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