KV Pharmaceutical Co.(fka KVPHQ)

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janitor_unbound Free

09/16/13 5:24 PM

Post #482

Re: #480: @CollegeGrad22 - These Q plays are like musical chairs. Gotta

no kidding. i wanted to get out today but it started moving up past .03 so i thought i'd see what she could do... ahhhhhhhh well guess i found out lol.

CollegeGrad22 PremiumMember

09/16/13 4:06 PM

Post #480

Re: #479: @BMiles - Wow, got out Friday morning, not a day

These Q plays are like musical chairs. Gotta make sure you are out when the music stops......

BMiles

09/16/13 2:52 PM

Post #479

Re: #464: @janitor_unbound - something leaked but I can't find it?

Wow, got out Friday morning, not a day too soon. Hated that I could have gotten more later in the day but that's the way it goes sometimes.

SmarTrader Terminated

09/16/13 11:42 AM

Post #478

Re: #477: @Little Wolf - I have or had no current position, but

Sounds like I just got beat for all my money here. eh, it happens. Wish I could actually sell the whole $200 worth of it that I do have

Little Wolf Free

09/16/13 11:20 AM

Post #477

Re: #475: @SmarTrader - So does this mean our shares are converted

I have or had no current position, but reading the PR it says: Under the Plan, all existing preferred and common stock has been cancelled.

Renee

09/16/13 11:19 AM

Post #476

KVPHQ / KVPBQ: Bankruptcy Plan Effective. All Shares Cancelled. Deletion Time - 10:38:19

http://www.otcbb.com/asp/dailylist_detail.asp?d=09/16/2013&mkt_ctg=NON-OTCBB

SmarTrader Terminated

09/16/13 11:09 AM

Post #475

Re: #474: @mkinhaw - http://www.otcmarkets.com/stock/KVPHQ/news

So does this mean our shares are converted to 7% ownership of new shares issued? I'm confused by the wording of the last 2 sentences on the end there

mkinhaw

09/16/13 11:01 AM

Post #474

Re: #472: @mrpickem - So are the commons worthless?

http://www.otcmarkets.com/stock/KVPHQ/news

MK

SmarTrader Terminated

09/16/13 10:56 AM

Post #473

Re: #472: @mrpickem - So are the commons worthless?

Yeah they say so on the recent news released. THats my understanding atleast

mrpickem

09/16/13 10:54 AM

Post #472

Re: #471: @SmarTrader - I had 20k I was daytrading from .027.

So are the commons worthless?

SmarTrader Terminated

09/16/13 10:51 AM

Post #471

Re: #469: @janitor_unbound - ouch lol, I've got 60k shares. it happens, right?

I had 20k I was daytrading from .027. There goes $400!! :(

Little Wolf Free

09/16/13 10:51 AM

Post #470

Re: #469: @janitor_unbound - ouch lol, I've got 60k shares. it happens, right?

Yeah, crazy. I seen those guys pump up the price to .03 and just crashed like nothing.

janitor_unbound Free

09/16/13 10:48 AM

Post #469

Re: #468: @Little Wolf - Did it just get halted??

ouch lol, I've got 60k shares. it happens, right?

Little Wolf Free

09/16/13 10:47 AM

Post #468

Re: #466: @janitor_unbound - obviously they are, question is when

Did it just get halted??

SmarTrader Terminated

09/16/13 10:46 AM

Post #467

Re: #466: @janitor_unbound - obviously they are, question is when

now maybe. The stock stopped trading

janitor_unbound Free

09/16/13 10:45 AM

Post #466

Re: #465: @Little Wolf - Just picked this up on Radar the other

obviously they are, question is when

Little Wolf Free

09/16/13 10:41 AM

Post #465

Re: #464: @janitor_unbound - something leaked but I can't find it?

Just picked this up on Radar the other day. Seen this crash just now. Wonder if something is leaked. Wonder if shares are going to be cancelled here or if they aren't going to be. Hard telling right now.

janitor_unbound Free

09/16/13 10:38 AM

Post #464

Re: #463: @BMiles - Lots of buying action today on hight volume,

something leaked but I can't find it?

BMiles

09/12/13 4:08 PM

Post #463

Lots of buying action today on hight volume, maybe a leak indicating that their will be no cancellation of common shares. If that is the case, there is an article out there that claims this stock goes to $5 a share over night. Speculative lotto buy perhaps with high risk and high reward possibilities. Could ret real interesting tomorrow.....

BMiles

09/12/13 3:47 PM

Post #462

Re: #461: @JC RI - So these shares are going to be cancelled

Not necessarily, if not then those in this stock at this level could see a return in the 1,000%'s over night.

JC RI

09/12/13 12:12 PM

Post #461

So these shares are going to be cancelled for good! Right . . .

THEBEASTMUGABI Free

09/11/13 12:38 PM

Post #460

Re: #459: @Komando Robot - This can also get halted and delisted any minute

Yep!

Komando Robot Free

09/11/13 9:58 AM

Post #459

Re: #455: @Banks100 - This could go to .60-80 just need a

This can also get halted and delisted any minute

Banks100

08/23/13 11:59 AM

Post #458

K-V's bankruptcy attorney told Dow Jones that the drug company isn't worried that the rejecting votes will prevent the judge from confirming the plan. The company is disputing the rejecting claims and said all other creditors in the class voted to accept the plan.

K-V's plan proposes to pay senior bondholders owed more than $230 million in full. Junior bondholders will own the company following its exit from Chapter 11, as they have agreed to backstop a $238 million rights offering and directly purchase $37 million of K-V's new stock.

Unsecured creditors would share in $10.25 million under the plan, which wipes out K-V's current shareholders.

Prior to taking up the plan at Wednesday's hearing, the bankruptcy court is expected to rule on whether a group of senior bondholders is owed post- bankruptcy interest.

WSNewbee

08/22/13 3:50 PM

Post #457

K-V Creditors Rejects Plan; Won't Delay Confirmation, K-V Says

Aug 22, 2013 13:36:03 (ET)

Stephanie Gleason

A class of K-V Pharmaceutical Co. (KVPBQ, KVPHQ) creditors has voted against the company's proposed bankruptcy-exit plan, complicating its attempt to implement this plan.

According to documents filed Wednesday with the U.S. Bankruptcy Court in Manhattan, two holders of unsecured claims, owed $4.12 million, or 69%, of the debt in the class, voted to reject the plan.

In order for the court to confirm a bankruptcy-exit plan, the Bankruptcy Code requires at least half by number and two-thirds by amount of claimants in a particular class--in this case, unsecured creditors of K-V Pharmaceutical Co.--vote to accept it.

However, K-V attorney Robin Spigel of Willkie Farr & Gallagher LLP said that the company doesn't believe the rejection is an impediment to confirmation of the plan.

"The overwhelming majority of creditors in the rejecting class accepted the plan," she said by email Wednesday. According to court documents, 95% by number voted to accept in that class--the two that voted against just happen to hold very large claims by amount.

Additionally, the company disputes the claim, she said, which is held by a creditor involved in litigation with K-V.

"The plan enjoys broad support by and among the Debtors' key constituencies and this will in no way slow down confirmation," she said.

Under the Bankruptcy Code, if the claim was deemed valid, K-V could still move forward with the plan if it paid creditors in that class in full.

The bankruptcy-exit plan is set to go before Judge Allan Gropper on Wednesday.

Prior to that hearing, Judge Gropper will rule on the still-pending issue of whether a group of senior bondholders is entitled to the interest that's accrued since K-V filed for bankruptcy last August on its debt, worth $235.8 million.

A trial on the matter took place Thursday, with both sides--the senior bondholders who want the interest and junior bondholders slated to become K-V's new owners--pulling apart the language of the agreement trying to prove the intended meaning of words like "including" and "replace."

K-V's bankruptcy-exit plan is sponsored by a group of junior bondholders--Greywolf Capital, Susquehanna International Group, Deutsche Bank Securities Inc. and Kingdon Associates--that invested $275 million in the company in exchange for equity in the restructured K-V.

It pays senior bondholders led by Silver Point Capital in full but leaves the question of so-called post-petition interest up to Judge Gropper to decide. Unsecured creditors are sharing $10.25 million in cash.

K-V filed for Chapter 11 protection while embroiled in controversy over its preterm labor drug, Makena. The only drug with Food and Drug Administration approval to prevent preterm labor, Makena was expected to rake in profits for the company.

However, when K-V rolled out its pricing structure--$1,500 per injection--the medical community pushed back and didn't prescribe it, instead continuing to give patients a compounded version that costs far less.

The FDA declined to act to stop the cheaper versions from being produced by compounding pharmacies, and sales of Makena stayed low. Since then, sales of the drug have increased as compounding practices have come under scrutiny.

(Dow Jones Daily Bankruptcy Review covers news about distressed companies and those under bankruptcy protection. Go to http://dbr.dowjones.com)

Write to Stephanie Gleason at stephanie.gleason@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 22, 2013 13:36 ET (17:36 GMT)

THEBEASTMUGABI Free

08/16/13 2:18 PM

Post #456

Re: #455: @Banks100 - This could go to .60-80 just need a

Take the zero off of your 6 and 8, it could also drop under a dime! What info is out there to support this going up? None. Just my opinion

Banks100

08/16/13 1:31 PM

Post #455

This could go to .60-80 just need a lol volum.

Banks100

08/16/13 1:20 PM

Post #454

This could go to .60-80 just need a lol volum.

1geb

08/08/13 3:28 PM

Post #453

criminal MMs took ppl's ahres @ .17, AMAZING!!!!

1geb

08/08/13 8:10 AM

Post #452

Re: #450: @RVL - Is that the one that bought 1.5 M

thx, for the info BUT, regardless who is buying it @ .46 when it is being sold @ .22-.25 in the OPEN market, AMAZING!!!

quicktrader Free

08/08/13 2:21 AM

Post #451

Re: #449: @1geb - WHY is the world premier hedge fund operator

http://utahpeoplespost.com/2013/08/insider-selling-kv-pharmaceutical-major-shareholder-sells-1764709-shares-of-stock-kvphq/

GLTY...

RVL

08/07/13 8:43 PM

Post #450

Re: #449: @1geb - WHY is the world premier hedge fund operator

Is that the one that bought 1.5 M shares one day and then sold 3.6 M shares 3 days later at a loss?

1geb

08/07/13 6:20 PM

Post #449

WHY is the world premier hedge fund operator buying it @ over 100% of market value...if it is good 4 him, it is good 4 me too, we shall c!

1geb

08/07/13 2:41 PM

Post #448

Re: #447: @Banks100 - If u sold out fell bad for u!!!!!!;)

YEP! some ppl did...this is HUGeeeeeee!!!!!! GLTA!!!

Banks100

08/07/13 12:14 PM

Post #447

If u sold out fell bad for u!!!!!!;)

ClearlyStocks Free

08/07/13 11:50 AM

Post #446

Re: #445: @1geb - mizzed that, ARGGHHHH!!!! excellent play! CONGRATS!!! pinkie r

Yes they are. If .002 breaks now, can easily go .003+ keep an eye on it

1geb

08/07/13 11:48 AM

Post #445

Re: #444: @ClearlyStocks - Banking on CGUD now

mizzed that, ARGGHHHH!!!! excellent play! CONGRATS!!! pinkie r coming back with VENGEANCE, man!

ClearlyStocks Free

08/07/13 11:44 AM

Post #444

Re: #443: @1geb - no! not now!, just kidding..whatever works for u!

Banking on CGUD now

1geb

08/07/13 11:44 AM

Post #443

Re: #442: @ClearlyStocks - In out for a small loss. Seems like dilution

no! not now!, just kidding..whatever works for u! & GLTU, iam LOADING on weakness! u will c...this will EXPLODE! just, MMs r playing for now!!!1 again, GLTU!!!!