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.
There is ZERO chance of that happening. It is utterly ridiculous.
First of all, common shareholders only get what is left after debtors and creditors get 100% of what they are owed. In SFX's case, they didn't even come close to satisfying that requirement. Even if the judge somehow reversed his decision, there is simply nothing there. And if they do find some assets that were missed, it will go to the creditors, not the old common shareholders. That is the LAW.
And second, the reorganization is done. It cannot, and will not, be reopened. It is a finished.
Fantasies are not fact.
OK,thanks for the information.
Did u read it? If Denis gets approval. Old common gets new shares in new company. Please do your DD
No. It is over. The old stock has been cancelled and brand-new stock issued to the debtors and creditors exactly as stated in the Plan of Reorganization approved by the parties and the Court.
That is how bankruptcy works.
They own the Company now. The old common shareholders were left with nothing because there were no assets left to give them.
Can't they reverse this process? Because the stock is not gone, it's stays in our accounts.
There is no "last chance". The old common shares have already been cancelled by the Federal Bankruptcy Court. It is OVER. The shares are worthless, and anyone who didn't read bankruptcy filings lost 100% of their investment.
There is no excuse for that. The information was public and they made it incredibly easy to find and read it and learn months in advance that the shares would be cancelled.
Last chance for common investors filed by Denis brison
http://www.pollstar.com/news_article.aspx?ID=828427
None of which has anything to do with this old company and stock.
The new symbol is for the brand new stock which was issued to SFX creditors. 100% of the old common shares have been cancelled and are now worthless. Just as I said it would.
You can look it up yourself.
http://otce.finra.org/DailyList
New company new ticker, weeeeeeeeeeeeeeeeeeSFXEEEEEEEE
The old common stock is cancelled. Worthless. Check with your broker. That is why FINRA made notification of such, and why the header on this board lists the symbol as FKA. It is gone. Forever.
That is how the bankruptcy worked. If you thought it wouldn't be, you didn't do even the most basic DD.
Did some DD here, I beg to differ 1 man...
The old SFX is DEAD. Gone. Buried. The stock is worthless.
The creditors now own the company. The old common stock was cancelled, and what I have been saying here for months has happened. The common stock is worthless. Anyone holding the old common stock lost 100% of their investment.
It was guaranteed to happen. Too bad not everyone listened and did their own DD.
Ask your broker. It will vary by broker, but since the stock is now permanently worthless, it will likely be there through the end of this calendar year to allow holders to declare the tax loss on their 2016 returns.
Can we keep this worthless shares or will it disappear from our accounts?
Very expensive lesson indeed....hopefully the lesson was learned and will never be repeated.
Thanks Renee. Your efforts keeping people up to date with the changes is appreciated.
The cancelation came a day or two earlier than I expected, but there was no doubt that with the approval of the Plan of Reorganization by the Court it was going to happen. I hope that anyone stuck with this stock because they ignored the filings have learned their (expensive) lesson and will either avoid bankrupt stocks in the future, or at least pay better attention.
SFXEQ: Bankruptcy PLAN effective. All shares cancelled:
http://otce.finra.org/DLDeletions
There is no buyout. Someone could buy up every single share of currently outstanding common stock, but it would not matter one bit. The current common shares are still going to be cancelled by the bankruptcy court, no matter who owns them.
The Plan of Reorganization has been approved by the Court. All common shares will be cancelled once the Plan is declared effective, which will happen soon.
It is all in the (FACTUAL) Bankruptcy Court filings.
http://www.kccllc.net/sfx/document/list/4196
Bidding war between Live Nation and AEG live, Sillerman kicked out debtors and bankruptcy judge. You know money opens every door.......eazzzzzzzy money.
BOOOOOOOM, Sillerman agrees 5,25$ take over bid, eazzzzzzzzzyyyyyyyy money.
Very soon,very soon...... eazzzzzzzy money.
Oooooh Myyyyyyy,buyout around the corner,get ready.......eazzzzzzy money.
How high can this fly?
Is this the next Sillerman +30000% stock????
Get in folks.....Sillytrain is leaving the station....money to be made here.
BHAHHAHAHHAHAHHAHAHA, the shares aren't cancelled.Who's buying this bankrupty plan confirmed company stock????Sillerman is buying all the stock, he wants a new start-up.
Nice buying volume here... seems like the news is getting out
yeah whatever dude, i am just here to win some $$$ I really don't care
But I can back up my claims
http://www.tijd.be/cultuur/algemeen/Amerikanen_blok_aan_been_van_Tomorrowland.9837242-7762.art
There is no crisis. The Bankruptcy Plan has been confirmed by the Court. The claims there is a crisis within SFX are groundless, since even if there was, it would have absolutely no bearing on the Bankruptcy or the Court.
Even if a new bidder for the assets emerged at this impossibly late date, it would have no effect on the old common shareholders, as they are hundreds of millions of dollars short of satisfying what is owed to the creditors before the equity holders would receive a single penny.
I am in with free shares, I really don't care but there is a crsis within sfx HOLD on and keep watching
It is over. The Bankruptcy Plan has been confirmed by the Court. The existing common shares WILL be cancelled very soon.
there is a conflict at SFX, the european division wants that AEG buys the company. while the savy creditors don't. because of the creditors tomorrowland brasil and USA are cancelled...
I bet Sillerman wishes they accepted his last $3.52/share offer when that happens
Internal crisis inside SFX about tomorrowworld and tomorrowland.
I am up 300% since buying at .035$, took my investement money, and riding free shares... heard that AEG live is preparing a bid
Stock is clearly trading, higher and hiiiiiigher
couldnot find the date of cancellation.
The existing common stock will be cancelled on the effective date. I suggest you read the court documents for an idea of when that will be.
http://www.kccllc.net/sfx/document/list/4196
Typically in bankruptcy cases, FINRA cancels the ticker and the stock is deleted from shareholder's accounts inside of 10 days after the cancelation by the Court.
but when ? any idea ?
The old (current) common shares are definitely being cancelled.
http://www.kccllc.net/sfx/document/1610238161115000000000004
The Plan has been confirmed by the Court.
http://www.kccllc.net/sfx/document/1610238161116000000000002
Anyone who has shares will lose 100% of their investment.
MOOOOONSHOT TIME BABY, NOT ONE WORD ABOUT CANCELLING THE SHARES. AND WHY IS THE SYMBOL STILL LISTED, EH????? HMMMMMMMMMM$$$$$$$$$$$$$$$$$
whats the next plan ? they didnt mention when they will cancel the shares . any idea about it
SFX Bankruptcy Plan is confirmed.
"U.S. Bankruptcy Judge Mary F. Walrath confirmed the company’s bankruptcy plan after rejecting arguments from two current stockholders claiming that SFX and its advisers underestimated the company’s current and future value. That valuation ruled out any recovery for prepetition equity holders under the company's bankruptcy plan"
The old common shares will definitely be cancelled.
I don't give a chit about this bankruptcy, we are the members off the class actions.........you know.....eazzzzzzzzzzy money.
I saw the bankruptcy objections, but did you? They are extremely minor and have nothing to do with the reorganization plan. Instead, they are over consulting payments being made to individuals not on the original service providers lists filed with the Court, and the potential indemnification of certain individuals over future lawsuits.
The common shareholders are still being wiped out.
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
956
|
Created
|
10/09/13
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |