Paragon Offshore plc (fka PGNPQ)

[JH Mcdough]

I think he's saying that from the low of 15 to the high of 21 it's a good day for those who traded today . Also it has been doing that often since the drop last month. Personally I'm surprised that it's holding were it is right now ... I thought it would make its way to single digits already but when ever it's heading down there people start to but it up and moves up. I'm still waiting for something new as far as a new plan goes but I'm thinking we won't hear anything for another month or so. I'm in this and obviously won't sell at this point because I'm in at an average of .50. I do believe that we will get something the question now is what and will it be more then .50 at this point . The only thing that keeps me believing in this is that I've spoken to investor relations and he did say that they are doing everything they can to keep SH holders alive . I was some what surprised that he said that but hey maybe he let me know to much lol. I've been in bks that looked much worse and commons survived but I've also seen the opposite aswell. I know that 90percent of the time SH are eliminated in a bk but 10 percent chance is still something that keeps me playing the bks. Like the sa guy said trade it until something new comes up so that's what people are doing . I've seen some comments made as to what the new plan may look like and will have to say that 10 out of 10 times when ever someone predicts the out come of a reorganized plan they're always wrong . I'm yet to see one that has been predicted and it happens as it's written lol. This may sound crazy but I hope it falls to a penny cause I'll throw some serious money at it just because I love the risk lol. Back in 09 when all the bks and pre bks were going on I jumped in a dozen or so and made a killing . Don't get me wrong I've lost allot also but still way ahead because as anyone knows when you buy something for a .02 cents as I did in one of my plays and it goes to 1.50 you got a sweet roi:). I'm not saying it's gonna happen here but again who knows until the end . Glta and remember never risk your rent money on a bk play that's how you end up homeless lol