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TISUQ Bankruptcy PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Get flushed?
$TISUQ found its bottom, up from here
Anyone have ideas of what Cascades’ buy will mean to shareholders?
Share Structure as of 3-31-19
Authorized Shares - 25,000,000
Outstanding Shares - 10,670,348
Market Cap - $812,013
52-Wk Range - 0.03 ~ 6.74
I see them surviving! Huge machine here already in place.
Walmart, Sams Club and Dollar Store as main customers of theirs. Net revs of $187 million last year. 481 fulltime employees!!
$TISUQ: Only a buy at $0.01
Wait for the flush.
Currently at $0.05
GO $TISUQ
Credit bid of 175 for all the assets. Shareholders won't get anything if that holds
TIS changed to TISUQ, bankruptcy. Delisted from the NYSE AMEX to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
Tomorrow could tell a lot . Watch for volume. Hope this trends higher and breaks some resistance areas
It's just stupid market manipulation
What happened here
WTF IS WRONG WITH TIS?!??? 1.65 PT!!!!
TIS should get into Hemp toilet paper production
8-k filing
Item 8.01 Other Events.
As previously disclosed, on August 31, 2017, Paul R. Pollock, a stockholder of the Company, filed a putative class action (the “Action”) in the Court of Chancery of the State of Delaware (the “Court”) against Orchids Paper Products Company (the “Company”) and its Board of Directors (the “Board”) alleging that provisions in the Company’s Amended and Restated Certificate of Incorporation, as amended (the “Charter”) and Amended and Restated Bylaws, as amended (the “Bylaws”) allowing for the removal of directors “only for cause” violated Section 141(k) of the Delaware General Corporation Law. The Action sought to remove such “for cause” provisions, which were claimed to violate Delaware law.
As also previously disclosed, on December 14, 2017, the Board approved a revision to the Bylaws solely to delete the provision specifying that directors are removable only for cause. On April 30, 2018, the Company held its Annual Meeting, at which time the stockholders of the Company approved an amendment to the Charter to provide that directors are removable by the stockholders of the Company with or without cause upon the affirmative vote of a majority of the outstanding shares of Common Stock. These amendments to the Bylaw and Charter effectively mooted the Action.
On May 21, 2018, the Court entered an order dismissing the Action as moot, and retained jurisdiction solely for the purpose of ruling on the plaintiff's anticipated application for an award of attorneys’ fees and reimbursement of expenses. The parties subsequently agreed to a payment of a mootness fee by the Company to plaintiff’s counsel of $50,000 in full satisfaction of their claim for attorneys’ fees and expenses. The Court has not been asked to review or approve, and will pass no judgment on, this payment.
MACD & RSI are up on a TA bounce without fundamental news, thus this will likely see .50's prior to a substantial move north. JMO
Possibly...after a dip to around a $1.
TIS has small float about 10 million..
* * $TIS Video Chart 11-23-18 * *
Link to Video - click here to watch the technical chart video
Retail trying get to push out new wave of shorts will be very short lived...no pun intended!
grabbed a few on the big dip...
for a rip
Filled Buy 2000 TIS Limit 1.62 -- -- 10:08:59 11/23/18
Filled Buy 1000 TIS Limit 1.70 -- -- 10:06:51 11/23/18
Filled Buy 500 TIS Limit 1.70 -- -- 10:06:52 11/23/18
Filled Buy 500 TIS Limit 1.70 -- -- 10:07:14 11/23/18
Congrats! just busting your chops > relaxed vaca day. I think market closes early today.
don't WORRY PROFIT WAS TAKEN.. WAITING SOME DIPS..
you were in early congrats... looks like G&T for others
Turkey still being served on Black Friday
l;ol
LOL > Sell this butt-wiper! Take profits and buy under-wear!
this IS SECOND BIG RUN, I MADE GOOD MONEY FROM TIS twice...WAITING TO RELOAD THE NEXT ONE..
they look GRRRRRR8
Yup...and profits won't be seen until 2nd qtr of 19'.
my shares at 70 cents looks so good.
Out @ 2.40 > That credit facility is only $5.5M > Which isn't that big in my opinion. GLTY.
Thanks...waiting for fallout. Once shorts have covered I don't see a catalyst for upward momo. Jmo
It appears ABIL money moving into TIS > Another holiday super low float runner. TIS is a great $$$$$ opportunity. Nice trades for you.
Lol..already flipped some from 1.61 to 2.44..
Waiting for weak shorts to finishing overing via retail pushing PPS up...then once shorts are done, new shorts will probably swoop in while recent retail sells of as it drops.
TIS the season....
LOL > Don't squeeze the Charmin!
SUPER LOW FLOATER > > up 210% > news: Orchids Paper Products Company Announces Amended Agreement With Its Creditors And A New Ultra-Premium Customer Win
4:10 pm ET November 21, 2018 (PR Newswire) Print
Orchids Paper Products Company (NYSE American: TIS), a national supplier of high-quality consumer tissue products, today announced that the Company has reached an agreement with its creditors, amending its credit agreement. The Company also announced that it has won a significant bid with a new customer, to supply 100% recycled ultra-premium quality tissue.
https://mma.prnewswire.com/media/506511/Orchids_Paper_4C_Logo.jpg
Jeff Schoen, President and Chief Executive Officer, stated, "Our lenders continue to support and maintain access to the liquidity needed to operate our business. On November 20, we executed modifications to our credit facilities to increase the amount available under our revolving line of credit by $5.9 million and to defer future principal and interest payments to December 31, 2018. In addition, the amended agreement extends the milestone dates to execute a transaction to December 31, 2018. At the end of the third quarter, the Company had $5.1 million of cash on hand.
"Additionally, we recently won a significant bid from a national supercenter retailer as the sole supplier of 100% recycled ultra-premium kitchen towel and bath tissue supporting the sustainable product channel, which will be serviced out of our Barnwell facility using QRT paper. We expect this business to begin shipping in March 2019 and to make a significant contribution to the overall profitability of the Company."
About Orchids Paper Products Company
Orchids Paper Products Company is a customer-focused, national supplier of high quality consumer tissue products primarily serving the at home private label consumer market. The Company produces a full line of tissue products, including paper towels, bathroom tissue and paper napkins, to serve the value through ultra-premium quality market segments from its operations in northeast Oklahoma, Barnwell, South Carolina and Mexicali, Mexico. The Company provides these products primarily to retail chains throughout the United States. For more information on the Company and its products, visit the Company's website at http://www.orchidspaper.com.
Investor Relations Contact:Water's Edge Investor Relations Consulting GroupLouie Toma774-291-6000louie.toma@watersedgeir.com
Will be interesting to see what happens when shorts are done covering and retail taking its profits..... Tic toc
Went up 200% after hours before a holiday. Literally hardly any one saw this!! Look for. 400%_500% move on Friday! Mark this post and give me a follow. Shorts will cover and panic buying pushes this parabolic!!!!!
I loaded $0.60's today to average down from $0.75 and I couldn't be happier right now!
Added some at .70
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