Nice

Wake me up when we’re back at $2.50 and preferred back at $7

Got it, have done the same swaps for tax purposes

So you’ve sold and position swap?

I hear your Rick...I am just befuddled by the ignorance I am smelling from his shoes on the capital raise. Give future backers a bone with some kind of meat on it otherwise the bankers and advisors can only do so much.

What institution or investor would want to buy GSE commons under these parameters. Normally you would try to get the street excited about the offering...not sure if these new rules are going to get anyone excited is what I am saying. Am sure Treasury and them know this....goal is most likely to get rid of lawsuits....or in a more sinister way....keep a strong hold onto the companies in purgatory.

Am not sure how these fools plan to raise a single dollar from the common to pay everyone and their mothers back? What institution would pony up money to invest in a hand cuffed company laden with debt that continues to increase while being paid down? Either they have buyers prearranged in the wings to back the capital raise or their smoking crack. Trying to understand the logic...can’t be that complicated.

Nice to hear but sounds like they’re just making small changes again and delaying the big stuff for court or new admin. I sure as hell hope not after the last 4 years of very slow actions. Overall it just securing it more each year that killing them will be difficult moving forward. Why not boost their stake by boosting the companies stocks...not sure why the easiest decisions are always the toughest one for them.

Yes agreed

Absolutely. Could take months to exit bankruptcy. Anything can change within the process of course and at this points lots of noise due to the recent bankruptcy. For now news it’s a zero. Like all pink sheets it’ll be in trader and speculator territory. Good luck.

Anything is possible it’s on the OTC now. Based on their filings they are allotting $0 to current shareholders of common and preferreds. Doesn’t mean it can’t trade higher or lower from here. Float is still 9.5m shares and I am sure traders will be traders.

Agreed. Pre split pricing is $0.06 cents currently. Will be volatile session...hopefully no halts...let market decide.

Correct...very low float. Will be volatile until all is said and done.

Absolutely!

It’s not a valuation just saying the current price pre split is 0.067 cents. An observation.

I stated at $13.20, pre split is 0.066 cents not 0.66

Agreed....pre split price is $.066 at $13.2.

Yes Monday sorry..some reason I thought it was Friday.

Sorry next Friday the 15th,of June. Not this Friday.

Can you reference the covenant default? I haven’t heard of it yet. We will know Friday I guess if they make the interest payment...it is assumed no from bond pricing. $300m can go along way if they did avail of it to buy time. Maybe they don’t even qualify who knows. It’s an interesting program and timing I believe is that it launches Friday or early next week.

I hear ya...just putting this out there because it was discussed today and it is cheaper money to buy time which is what they need. Unless they’ve already decided which path they go and are just lining up their ducks.

Maybe CHK waiting for this...unknown


https://www.lmtonline.com/news/article/Federal-Reserve-s-changes-to-lending-program-15330220.php

Maybe CHK is waiting for this... a big unknown..


https://www.lmtonline.com/news/article/Federal-Reserve-s-changes-to-lending-program-15330220.php

I saw Friday short was 3.5m and over 4m yesterday coming into today...definitely an incentive to release Bloomberg warning..who knows. This is from 300k average prior. Volume obviously exploded and I agree, I don’t think this is majority retail.

Agreed

Probably to stay on NYSE through CH 11 when they emerge again. It’s a pain to uplist again so do your best to stay.

Yup agreed

Agreed

Literally halting every advance..

Definitely a spec trade, still lots of issues to resolve if they can and banks, market is friendly. I would love to see it back the $1 or $200 but who knows. Energy is catching bids over last week so good for the entire group

They reverse split 1 for 200 basically so if we get back to $200 it’s like we are at $1 before the crap hit the fan

Yes or $200 which is basically $1 unfortunately....I hope the company is using this opportunity to raise cash or sell assets to save themselves

Seriously right...ridiculous halting is preventing it’s true run

I just hope the exchange stops their trading volatility stops...they stop it more on the way up but not on the way down. Just let it go and settle on its own.

https://www.bnnbloomberg.ca/u-s-weighs-paying-drillers-to-leave-oil-in-ground-amid-glut-1.1422060

Reverse is 1:200, so opens around $32 on Wed post split.

Am sure they would be like in 2014. They don’t want to be in charge of managing an oil rig.

Agreed or they can naturally come to their senses.

Agreed, would feel better to see management buy a ton tomorrow and thereafter. Need to defend the stock

Nope not anytime soon. Maybe be different plus 1-2 years. Also depends on commodity prices. If substantially all bets are off.