Haven't followed lately anybody want to fill me in

I'm watching

but I'm not a big mucky muck either ;}

Petrobras after more contracts with other companys now too........ One thing might help. The CEO of Petrobras is also the CEO of VALE. He became the Petrobras CEO after all the scandal. He just took a leave of absence from Petrobras BUT NOT from VALE..... Maybe he knows Petrobras is killing contracts illegally and wants no part of it.

I bought more, filled at .03
Scottrade is showing real time
bid and ask with the size

atrade is showing the L2 lineup. I believe at last count the institutions owned 100M shares - good chance one of em splats the pps real good - .02's maybe .01's?

Fidelity platform is treating VTGDF like it was on the greys...........
It wont show bid/ask live . It only shows after each sale instead of live like others. Even CYPW and MYRX show live MM bids...

All in all I can say that SEC and FINRA has really made my week...... I dont know who is more crooked . the scammers on the pinks or the dam government

VTGDF Vantage Drilling Co. OTC Pink Current Logo
Ordinary Shares SEC Reporting - Current OTC Pink Current Information
0.030.04 (57.14%)
Real-Time Best Bid & Ask
0.0252 / 0.035 (1 x 1)Why is size 1?
Previous Close
0.2101
Open
N/A
Daily Range
0.03 - 0.07
52wk Range
N/A - N/A
Volume
482,628
Dividend
N/A
Average Vol (30d)
2,828,828
Net Dividend Yield
N/A

Another 50% haircut.

$VTG I think new Symbol $VTGDF as per link below
http://www.otcmarkets.com/market-activity/symbol-changes

Pink/OTCBB Is Better than BK !
Atleast it will still trade.

Current Trading Halts Coming to OTC Pink land


Sep 14, 2015


Halt times displayed are Eastern Time (ET).

Halt Date Halt Time Issue Symbol Issue Name Market Reason Codes Pause Threshold Price Resumption Date Resumption Quote Time Resumption Trade Time
09/14/2015 12:50:42 VRTA Vestin Realty Mortgage I Inc NASDAQ
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09/14/2015 11:31:23 HCAC Hennessy Capital Acq Common St NASDAQ
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09/14/2015 11:04:37 RDIB Reading Intl Cl B Cmn NASDAQ
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09/14/2015 10:54:21 ECACU E-compass Acquisition Uts NASDAQ
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09/14/2015 10:48:17 SAJA Sajan, Inc. Cmn Stk NASDAQ
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09/14/2015 10:47:14 GGACU Garnero Group Acquisition Unit NASDAQ
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09/14/2015 10:42:12 IRDMB Iridium 6.75% Sr B Cum Cnv Pd NASDAQ
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09/14/2015 10:30:23 IRDMB Iridium 6.75% Sr B Cum Cnv Pd NASDAQ
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09/14/2015 10:30:51 HCAC Hennessy Capital Acq Common St NASDAQ
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09/14/2015 10:15:32 USV E-TRACS USB Bloomberg Commodity Index Exchange Traded Notes E-TRACS UBS Bloomberg CMCI Silver ETN NYSE Arca
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09/14/2015 10:21:00 10:21:00
09/14/2015 10:11:45 YECO Yulong Eco-Materials Ltd Ord NASDAQ
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09/14/2015 10:07:43 PTSI P A M Transportation Svcs Inc NASDAQ
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09/14/2015 09:51:31 IVTY Invuity, Inc. Common Stock NASDAQ
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09/14/2015 09:45:15 BWV iPath Goldman Sachs Barclays Bank PLC iPath Exchange Traded Notes Linked to the CBOE S&P 500 BuyWrite Index Structured Product NYSE Arca
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09/14/2015 09:45:15 ICI iPath iPath Optimized Currency Carry ETN NYSE Arca
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09/14/2015 09:45:15 IIJI Internet Initiative Japan ADR NASDAQ
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09/14/2015 09:35:31 IVTY Invuity, Inc. Common Stock NASDAQ
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09/14/2015 09:35:35 IRDMB Iridium 6.75% Sr B Cum Cnv Pd NASDAQ
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09/14/2015 09:35:53 MLPO Credit Suisse Group Exchange Traded Notes due December 4, 2034, Linked to the S&P MLP Index NYSE Arca
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09/14/2015 09:41:00 09:41:00
09/14/2015 09:31:38 SKLNU Skyline Medical Inc. Unit NASDAQ
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09/14/2015 09:30:19 TROVU Trovagene, Inc. NASDAQ
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09/14/2015 09:30:19 09:35:19
09/14/2015 09:30:20 IRDMB Iridium 6.75% Sr B Cum Cnv Pd NASDAQ
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09/14/2015 09:30:20 09:35:20
09/14/2015 09:30:37 CADTU DT Asia Investments Unit NASDAQ
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09/14/2015 09:30:37 09:35:37
09/14/2015 09:25:57 VTG Vantage Drilling Company AMEX
D
T1
09/14/2015 12:18:12 12:18:12
09/14/2015 07:05:09 RPTP Raptor Pharmaceutical Corp. NASDAQ
T2
T3
09/14/2015 07:30:00 07:35:00

Merrill Lynch says its being Delisted
to a different exchange

CEO of Petrobras out of town until Nov 30 2015:

Found this on VALE newsite;
Petrobras Chairman Ferreira Taking Leave of Absence
DOW JONES & COMPANY, INC. 9:55 AM ET 9/14/2015
Symbol Last Price Change
VALE 4.95 -0.03 (-0.6%)
QUOTES AS OF 11:58:29 AM ET 09/14/2015
RIO DE JANEIRO—The chairman of Brazilian state-controlled oil company Petró leo Brasileiro SA, Murilo Ferreira, has taken a temporary leave of absence until Nov. 30, the company said Monday, without giving additional information.

But Mr. Ferreira isn't taking leave from mining giant Vale SA(VALE), where he serves as chief executive officer, a spokeswoman for that firm said. She added that Mr. Ferreira's absence from Petrobras is due to "personal reasons."

Deyvid Bacelar, another board member at Petrobras, said he wasn't informed of Mr. Ferreira's reason for taking the time off.

Widely seen as a competent executive, Mr. Ferreira was elected Petrobras chairman earlier this year during a shake- up by the Brazilian government in the wake of a massive corruption scandal.

Trading is halted pending the release of material news.

IDK but I'm bidding .0002s lol

Stock is Halted ?

From Fidelity website:

Thomson Reuters/Verus upgrades VANTAGE DRILLING COMPANY from HOLD to BUY.
BY Investars Analyst Actions - public
— 12:13 PM ET 09/07/2015

On September 7, 2015 Thomson Reuters/Verus upgraded VANTAGE DRILLING COMPANY ( VTG
Loading... Loading...
) from HOLD to BUY.

From another website dated 9-13-15"

http://www.americantradejournal.com/company-shares-of-vantage-drilling-company-nysemktvtg-drops-by-21-48/674412/

The company has a 52-week high of $1.78. The company has a market cap of $16 million and there are 311,024,000 shares in outstanding. The 52-week low of the share price is $0.05.

also from same article:
Currently the company Insiders own 4.1% of Vantage Drilling Company Company shares. Institutional Investors own 34.5% of Company shares. During last 3 month period, -25.82% of total institutional ownership has changed in the company shares.

Anyone know what this means? [the -25.82% change part?]

I also hold stock in CRGP... yes I admitted it.... I need the deduction :).

I think or rather hope that they will overcome this. I was worried about the Petrobras people for months now and was almost over that. The bastids!

I bet you they are mad because the Chinese fella whose mama owns some of the drill ship is not ratting out VTG. As the World Turns, So do the Days of our Lives.

LOL I can relate have a few in my account.... When it turns into a POS it is too late....

Good summary. What can also occur in this process is that the share price can sink so low that the shareholder is trapped and cannot get out. By this I mean to suggest that when small fry shareholders sit on their shares hoping it recovers someday, they may find that the price drops so substantially that they cannot recoup enough of their capital to warrant even paying their brokerage firm's commissions to sell the shares, so unless they want to throw more good money after bad to jettison the investment that proves to be a dud, then they are stuck with the shares in their account forever. At some point it may go 'no bid' and no longer maintains any sort of listing on any of the exchanges. I've been stung by a few over the years and at that point they don't even have a symbol associated with the stock - they simply get listed in the account by a number and a "0" value. At some point the typical investor will want to recognize the loss in some way - most often it becomes a loss used against a capital gain to reduce taxes owed.

When a company files for Chapter 11 bankruptcy, the management of the company is still in charge of the daily operations. That said, significant business decisions, especially those pertaining to debt or debt securities, are sent to the bankruptcy court for approval. While the firm is in Chapter 11, its stock will still have value, but there is a temporary trading freeze. Although the stock will be delisted, over the counter (OTC) trading may still occur. In other words, the equity a broker has invested in the firm is not valued at zero, but their true value cannot be easily determined since the shares are no longer publicly traded.

If the company proceeds to file for Chapter 7 bankruptcy, the company's creditors are paid in a specific order. Generally, investors or creditors are paid in the following order:

1) Secured creditors
2) Unsecured creditors
3) Shareholders

Usually, little to nothing is leftover for shareholders after the more senior creditors are paid. However, if the company restructures and emerges from Chapter 11 as an improved organization, its share price may rise to higher levels than previously witnessed.

When a corporation is on the verge of bankruptcy, its stock value will reflect the risk that a Chapter 11 may become a Chapter 7. For example, a company traded at $50 may trade at $2 per share due to bankruptcy speculation. If Chapter 11 is actually filed, the stock price may fall to 10 cents. This value is composed of the potential income that shareholders may receive after liquidation and a premium based on the possibility that the firm may restructure and begin to operate successfully in the future. Private investors can buy and sell these 10-cent shares in the OTC market. The actual value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow.

http://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp

Read more: Does a shareholder lose all of their equity once a Chapter 11 bankruptcy is filed by the company? http://www.investopedia.com/ask/answers/10/stock-holder-lose-equity-chapter-11.asp#ixzz3lZieo8Y3
Follow us: Investopedia on Facebook

What will happen to shares then?

I think we'll see Chapter 11 BK before the end of the month.. Not much else they can do, they should have saved their cash.

It looks pretty bad for the home team here. They also have another contract completing this quarter also.

I think that they will survive if they want to but will be because they totally leave the region and get contracts eleswhere and just wait for better times. The contracts will be pretty low judging the situation of the industry as a whole.

I really hate seeing this happen to this company. Has anyone checked to see if institutional ownership has dropped from its previous 30%? [ THIS FIGURE IS FROM A TIRED MEMORY SO CORRECT AWAY ! :)]

This on 9/11/15 @ 3:20 The Bid looks strong !

Bid | Size 0.05 | 237,300
Ask | Size 0.0505 | 5,000
Price Open 0.06
Previous Close 0.056
Day High 0.06
Day Low 0.05
52 Week High 9/11/2014 | 1.79
52 Week Low Today | 0.05
% Off 52 Week High -97.21%
% Off 52 Week Low 0.00%
Beta (5 Yr) 1.69
Volatility Avg 9/10/2015 | 109.13
10-Day Avg. Volume 5,145,688
Market data is in Real-time.

I bought some last week at .0625 ,and sold them at .074,
it was a good fast trade, now I went back in yesterday at .0575
So I hope it jumps, but if it doesnt my next purchase is .0475
Even though they lost a contract with Petrobras,
I think this could be very interesting...
Any thoughts or Opinions ?

Lets see if .05 holds.

http://mobile.reuters.com/article/idUSKCN0RA1V620150910

The oil export ban cb

Unfortunately that upgrade came out before the Titanium Explorer contract was terminated so that upgrade means nothing now.

VTG upgraded to Hold by Zacks.

http://www.dakotafinancialnews.com/vantage-drilling-company-receives-average-rating-of-hold-from-analysts-nysevtg/416582/

BUY NOW Any movement up is PROFIT !

It doesnt matter what happens to the company
as long as you make a profitable trade,
and at this price any small bounce makes a
BIG percentage profit
You dont need a Homerun !

I hope you are right, but they are going to have a hard time finding contracts. There are plenty of drillships and jackups available right now. Best of luck, I am glad I did not take a position in this stock, came close.. Tough times in the oilpatch, way down in the valley.

VTG stock collapsed after the news was made public and is trading now at bankruptcy level because most of the revenues come from the Titanium explorer and without this cash the company will have to restructure its debt such as Hercules offshore (OTCPK:HEROQ) did recently.

They are going to have 4 rigs not working by the end of 2015
2 jackups
2 drillships
They only have 7 rigs in the fleet..

Link to rig fleet status report:
vantagedrilling.com/rig-fleet/rig-fleet-status/

Here is some indirect but usefull information on the VTG / Petrobras dealings and the contract revocation.

http://seekingalpha.com/article/3488616-is-paragon-offshore-next-in-petrobras-bucket-list

Things to notice are dayrates of all companys and vessels involved .

Also definitions of and possible reasons for the revocation. It takes a little reading tho.

Excuse my ignorance but what exactually will happen to share IF VTg does go into bankruptcy?

They are not going to just sit there and dry up I think.

They got lemons lately but it seems that they are still mentally in the game. If Petrobras bribe involvement is proven I think it will be what has already happened. The chinese fella will be blamed for helping his mama and it will stop there. Then all Petrobras can do is what they just did for now and that is resind contract. They need to get the rig out of the area for sure. Then work for less somewhere else.

TImes will get better and I think they will recover. They still have 34% institutional ownership.

Sorry for general attitude of this message but i have been spending time on the Calissio scam board :)

There is no way out except BK, not sure how they are even going to pay anything. Some of their other contracts are ending soon. No work for rigs, right now...

Contract made up more than 60 percent of revenue backlog
Oil servicer has more than $2.5 billion of outstanding debt

Bonds of Vantage Drilling Co. dropped as Petroleo Brasileiro SA terminated a $1.7 billion drill deal amid a bribery investigation.


The Petrobras contract represented a majority of Vantage’s revenue backlog and its termination may impact the company’s ability to service debt, according to Bloomberg Intelligence analyst Andrew Cosgrove.

Buy NOW,this Scandal wont last for long !
you can read about it here :
http://www.newsnow.co.uk/h/Industry+Sectors/Energy/Oil+%26+Gas/Americas/Petrobras
The court will dismiss,
Petrobras will pay a fine,
the shorts will cover,
VTG will SOAR !

What's up here? Is this going BK?

I'm in at .0625
My plan is to buy a little every Friday
and see where it is in 6 months
Oil cant be this low for long

What would happen right this minute if VTG went bankrupt?

I am having bad week. One stock I had went to greys and another won't accept the ceo's resignation......

Only $80 oil can save vtg , its a shame
Such a good company. They only needed two years higher oil to get out the Woods

OPEC killed it.
Only the big drillers are going to survive .

Dump...0535 prints.

Breaking a nickle.

$630 million lost in cancellation of contract BK coming
Update) Vantage Drilling: New Development In Petrobras Corruption Case
Aug. 7, 2015 10:36 AM ET | 6 comments | About: Vantage Drilling Company (VTG), Includes: ESV
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary

Formal charges against M. Zelada, the former head of state-run oil firm Petrobras' international division, and five others, saying they favored Vantage Drilling in a rig contract.
One of the six charged by the prosecutor was Hsin Chi Su, chief executive of Taiwanese shipping firm TMT.
One comment is that this development is serious enough to put a stop on trading VTG until this affair has been clearly resolved.
This article is an update of my preceding article on Vantage Drilling (NYSEMKT:VTG), published on July 6, related to Jorge Zelada's arrest on suspicion of receiving bribes on the Titanium Explorer, which is operated by VTG, and another rig operated by Ensco (NYSE:ESV).



Image: Titanium Explorer

July 31, VTG announced the following:

Last night, Brazilian media reported that Vantage Drilling Company's agent utilized during the contracting of the Titanium Explorer drillship with Petrobras, Mr. Hamylton Padilha, has made statements in cooperation with Brazilian authorities conducting investigations of corruption with former Petrobras executives and Brazilian politicians. The media reports state that Mr. Padilha made admissions of wrongdoing. We have not been able to confirm these statements. Mr. Padilha has acted as an agent representing numerous international companies in connection with their drilling contracts in Brazil over a period of many years. Furthermore, if Mr. Padilha committed any illegal acts, he was not acting on our behalf or upon any instructions from the Company.

History of the "case":

In early July, we learned the following:

Brazilian police arrested Jorge Zelada, former director of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday.

Zelada is suspected of money-laundering, appropriating public funds, corruption, tax evasion and contract fraud. He was taken into custody early Thursday as part of the graft probe that has already ensnared dozens of Brazil's top executives.
Brazilian Federal prosecutor Carlos Fernando dos Santos Lima said:

This step concludes the analysis of Petrobras' principal directorships. there is still much to be investigated (at the company).

Jorge Zelada was the director of the international division at Petrobras (NYSE:PBR) from 2008 to 2012.

He is suspected of receiving bribes on the Titanium Explorer drillship operated by Vantage Drilling, and another rig operated by Pride International, a company acquired by Ensco in 2011. The investigation was quick, and Carlos Fernando dos Santos Lima indicated earlier this week that it had revealed evidence of corruption by nearly 15 foreign firms.

However, VTG is the first known U.S. firm mentioned in the case. Other former Petrobras executives were found guilty of embezzling huge amounts of money.

One former Petrobras executive who cooperated with the police has already returned to the company a $97 million fortune he amassed in Swiss bank accounts.

Today, Reuters released an article regarding both M. Jorge Zelada and M. Hamylton Padilha:

Brazilian prosecutors on Thursday presented formal charges against Jorge Zelada, the former head of state-run oil firm Petrobras' international division, and five others, saying they favored U.S. company Vantage Drilling in a rig contract.
The most recent charges presented in Brazil's largest-ever corruption scandal included money laundering and corruption, and Zelada will stand trial with dozens of other engineering tycoons and former Petrobras executives if a judge accepts them. One of the six charged by the prosecutor was Hsin Chi Su, chief executive of Taiwanese shipping firm TMT.
The federal prosecutor's office in the southern city of Curitiba said in a statement that Su and the others paid bribes of $31 million to Zelada, other ex-Petrobras officials, and Brazil's PMBD political party. The PMDB, or Brazil Democratic Movement Party, is part of President Dilma Rousseff's governing coalition. The prosecutor's office said that in exchange, Petrobras officials improperly favored Vantage Drilling for a contract with the oil company for the use of its Titanium Explorer rig. The award of the contract was rife with irregularities, prosecutors said.

M. Zelada has been found guilty:

Prosecutors also said international cooperation from authorities in Monaco had helped to uncover accounts held by Zelada amounting to 11.58 million euros ($12.7 million). Zelada's accounts were still moving funds after he became ensnared in the corruption scandal, known popularly in Brazil as Operation Car Wash, prosecutors said. They said evidence of irregularities in the Titanium Explorer contract included meeting records, e-mail exchanges and foreign bank transfers into and out of Zelada's accounts.

Commentary:

This is another development that worries me, because M. Hsin Chi Su has been charged in this affair. Obviously, M. Hsin Chi Su is a crook and the problem is if really he acted on behalf of Vantage Drilling when he acted illegally?

As you all know, Vantage Drilling is suing Nobu SU (M. Hsin Chi Su) for fraud, breach of fiduciary duty, and unjust enrichment.

On July 14, 2015, the 14th Court of Appeals in the Texas decided to deny the motion filed by SU and affirm the temporary injunction against SU, with respect to 72,238,972 shares of Vantage stock [Su] holds through F3 Capital.

In August 2012, Vantage sued Su in state court for fraud, breach of fiduciary duty, and unjust enrichment. Vantage claims that Su wrongfully induced Vantage to issue approximately 100 million shares of its stock to Su through F3 Capital. Vantage seeks damages, plus a constructive trust over, and disgorgement of, all profits realized by Su from the transactions, including the Vantage shares.

On June 11, 2014, the trial court signed a temporary injunction, ruling as follows with respect to 72,238,972 shares of Vantage stock "[Su] holds through F3 Capital.

I do not think Vantage Drilling was really aware of what was going on at the time, between MM. Zelada, Padhila and Hsin Chi Su. However, the fact and the matter is that the prosecutor is claiming "irregularities in the Titanium Explorer contract, included meeting records, e-mail exchanges and foreign bank transfers into and out of Zelada's accounts." and this is quite damaging for Vantage Drilling, at first glance.

The question now will be whether or not the contract is still considered valid?

As I said, recently in my preceding article on Vantage Drilling, this situation may push Petrobras to renegotiate the Titanium explorer contract, and obviously get a lower day rate or even, worse, an early termination. I will not speculate further about this situation because it would be pure speculation on my part.

M. Paul Bragg seems adamant to show that the contract has been signed in good faith and fair price, and if wrongdoing committed, it is limited between Mr. Padhila and certain Petrobras officers, who acted without the consent and the knowledge of the company. Furthermore, M. Bragg said in the conference call:

We have previously provided to the CEO of Petrobras, in July 2015, a lengthy report that substantiates that the contract was negotiated fairly and well within prevailing market terms. The terms of the contract where approved by action of the Petrobras parent company board prior to execution.

Currently our audit committee is independently investigating the published claims. And as of now, our internal and independent investigations have no evidence of wrong doing by our employees, our participation in any manner with the inappropriate acts alleged to have been conducted by Mr. Padilha, who was also agent for several other international drilling companies.

Ultra-Deepwater
1 Titanium Explorer Built and delivered 3/2012 DSME-UDW
1/20
end of contract
585
[Petrobras]
Equatorial Guinea
One comment is that this development is serious enough to put a stop on trading VTG, until this affair has been clearly resolved.

Vantage Drilling Company Receives Notice of Drilling Contract Termination
HOUSTON, TX—(September 1, 2015) - Vantage Drilling Company (NYSE MKT: VTG) (“Vantage”) received a notice dated August 31, 2015 (the “Notice”) from Petrobras America, Inc. (“PAI”) and Petrobras Venezuela Investments & Services B.V. (“PVIS”) stating that PAI and PVIS were terminating the Agreement for the Provision of Services Contract for the Titanium Explorer dated February 4, 2009 (the “Drilling Contract”), between PVIS and Vantage Deepwater Drilling Company, a wholly-owned indirect subsidiary of Vantage, and which had been novated to PAI. The Notice alleges that Vantage has breached its obligations under the Drilling Contract. The Notice does not provide any explanation as to the facts and conduct that constitute a breach by Vantage of its obligations under the Drilling Contract.
Vantage strongly disagrees with the allegations of contractual breaches made by PAI and PVIS in the Notice. Vantage has filed for arbitration to challenge the assertions made in the Notice and to assert that the Notice is a wrongful attempt to terminate the Drilling Contract. Vantage believes that it is in compliance with all of its obligations under the Drilling Contract.
Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with an owned fleet of three ultra-deepwater drillships, the Platinum Explorer, the Titanium Explorer and the Tungsten Explorer. and four Baker Marine Pacific Class 375 ultra-premium jackup drilling rigs. Vantage’s primary business is to contract drilling units, related equipment and work crews primarily on a dayrate basis to drill oil and natural gas wells. Vantage also provides construction supervision services for, and will operate and manage, drilling units owned by others. Through its fleet of seven owned drilling units, Vantage is a provider of offshore contract drilling services globally to major, national and large independent oil and natural gas companies.
The information above includes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the company’s filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
CONTACT INFORMATION
Public & Investor Relations Contact:
Paul A. Bragg
Chairman & Chief Executive Officer
Vantage Drilling Company
(281) 404-4700

EXACTLY! GRAB 'EM!!!

New 52 week low.

Great catch on the news! I got out yesterday after a crossed 2ma. Yeah it may tank hard in the next couple days.