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TOUSQ: Bankruptcy Plan Effective. All Shares Cancelled.
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/22/2013&mkt_ctg=NON-OTCBB
200K-0.0008 x 80K-0.0017 now.
Very green today! 0.0013 just hit! 0.0006 x 0.0013 now.
Typo: 50K shares slapped at 0.0009 and 50K shares slapped at 0.0008! 410K-0.0005 x 360K-0.001 now. Ready to bounce very soon...
Down 37.5% so far! Who bought the tens of millions of shares recently?
It just hit the all time low 0.0005 now! Super thin asks at 0.0008!
Who had bought tens of millions of shares at 0.0009~0.001 recently? Why? Now the ask is just 120K at 0.0008 which is 11.11% ~ 20% lower!
100K shares slapped at 0.0008 so far! Today's high is 0.0009! 0.0007 x 0.0008 now. The bid is up from 0.0006...
Huge sell-off just kicked in! 0.0006 x 0.0008 now. 0.0005 very soon!
0.0007 x 0.0008 now. Huge selling MM BRKT dropped the ask from 0.0009!
TOUSA Plan Filed, Supporting Memorandum Filed
TOUSA and its official committee of unsecured creditors filed with the U.S. Bankruptcy Court a revised Amended Joint Plan of Liquidation of and related Exhibits, including an amendment to the inter-creditor settlement agreement and revised schedule of term loan lender disgorgement payments. A related Disclosure Statement was not filed. The Company and its official creditors' committee also filed a memorandum in support of Plan confirmation, asserting, "Three years of mediation and several months of intense negotiations regarding documentation of the grand bargain yielded the Joint Plan. The Joint Plan, a carefully crafted and extremely fragile agreement - with each provision closely intertwined and dependent on the whole - is supported by the Debtors, the Committee, the First Lien Revolver Agent, the First Lien Revolver Sub-Agent, the First Lien Term Loan Agent, the Second Lien Term Loan Agent, the First Lien Revolver Lenders, the First Lien Term Loan Lenders, the Second Lien Term Loan Lenders, the Settling Transeastern Lenders, MatlinPatterson, Aurelius, Monarch, the Directors and Officers and the Settling D&O Insurers. It is no surprise that the Debtors' creditors voted overwhelmingly in favor of the Joint Plan. And..., two of the four objections standing in the way of confirmation have been resolved and the two remaining objections should be overruled....After more than five years in chapter 11, with the support of each of the Debtors'major stakeholders, it is time to bring an end to these cases. The Joint Plan should be confirmed."
Up 14.3% so far! The next ask is 0.0012! Explode to 0.015 again?
0.0008 x 0.0009 now. The bid is up 14.3% so far! News on TOUSQ today!
Big price decline (22.22%) so far! Very very "Red" now!
Up 28.57% so far! 50% bounce from the most recent low 0.0006 or 80% bounce from the 52-week low 0.0005! 540K-0.0007 x 120K-0.0009 now.
Down 22.22% from 0.0009 to 0.0007 now!
Up 28.6% so far! The MM BRKT is hiding its huge sales size!
The MM BRKT dropped the ask to 0.0009 now! Huge dumping very soon...
Closed in very "Red" now! Down 30% so far!
120K-0.0008 x 120K-0.001 now. The bid is up 14.3% so far! No more 0.0006s?
Who bought 2,398,500 shares at 0.0006 recently! Why? No more 0.0005?
350K-0.0007 x 120K-0.001 now. 100% bounce now from the all time low!
0.0008 x 0.001 now. The bid is up 14.3% so far! Ready to take out a
few of 0.001s ask?
Up 42.86% so far! Can anyone take out those 0.001s so that the price
can double to 0.0012 or higher?
The huge selling MM BKRT backed to 0.001 ask again! We might see 20M
more new shares dumping at 0.0005 ~ 0.001 very soon...
Shares canceling very soon? What a pos scam! Down to 0.0007 again...
Up 11.11% so far! 1.2M-0.0009 x 300K-0.0013 now.
1.2M-0.0009 x 50K-0.001 now. Ready to take out 0.001?
Back to 0.0007 x 0.0009 again! The selling MM is NITE (which grabbed
over ten millions of shares at 0.0006 ~ 0.001) now.
410K-0.0007 x 100K-0.001 now. The huge selling MM BKRT jumped to the
much higher price 0.0015 now!
The MM BKRT has dumped near 20M shares at 0.0006 ~ 0.001 recently...
I'm wondering where come from those shares?
Finally closing in Green !!!
After almost a month with MMs brutally hammering this Kitty and kept her in bloody Red !!
More Greens Ahead,
Best wishes to All,
An Optimistic and Honest Investor,
Who bought near 2.4M shares at 0.0006? Why? The huge selling MM BKRT
is still at the current ask anyway!
They should have canceled the common stock long time ago based on the original bankruptcy plan! However it is still trading now which is amazing!
As long as MMs buying these cheap shares, This Kitty will not be canceled !!
relax and enjoy the ride in weeks ahead !!!
Regards,
Still an Honest Investor !!
That's a darn good question, V.I. Five years is a long time to exit, re-organize, or discharge a bankruptcy.
Maybe a shareholder could contact the Trustee or the Company to see what the heck is up with the long process.
Do you know when will the company cancel all the common shares? Why it has been trading for so long (over five years after bankruptcy)?
Why TOUSQ moved to 0.015 after having hit the all time low 0.0005?
Yes Dear,
1.5 Million shares were bought out by MMs @ 0.0005 on 12/12/12 (that is why it moved back up to 0.015 in couple of months after) !!!!
Also 2.4 million shares were bought out by same MMs @ 0.0006 on Friday, lets see how high they 'll pump this kitty up in months ahead !!!
Very interesting cause and effect ratios !!!
Best Regards,
An Honest Investor,
I see, my friend! I saw about 1.5M shares traded on that day at as low as 0.0005.
No clue my friend. I havent posted or invested here...for over 4 years.......
The 52-week range is 0.0005 ~ 0.015. Do you know how many shares were sold at 0.0005 on 12/12/2012?
2,398,500 shares dumped at the new 52-week low 0.0006 so far!
0.0005 will be hit again very soon...
The MM BKRT is hiding tens of millions of shares for sale which is why it shows the fake 10K size! Without BKRT finishing its huge sales the stock won't move at all...
Up 12.5% so far! The MM BKRT has tens of millions of shares to sell!
Up 25% so far! 0.0008 could be the new bottom or unbreakable support!
1.1M shares dumped at the new 52-week low 0.0008 today! 0.0005 soon?
Up 11.11% so far! 0.0009 seems the new bottom despite the all time low was 0.0005. Six months ago rally it exploded 30-bagger to 0.015!
New 52-week low 0.0009 was created today! Did it ever hit 0.0005 on 12/12/2012? How many shares sold below 0.0009 in that day if "true"?
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