Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ACETQ BK PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
Multi- dollars? I doubt it, but it is foreseeable for it to run to the .60's to .90's IF retail collectively realized that they control the ASK at this point. With zero debt and $188M in cash I would say this is primed for a substantial increase.
On April 29, 2019, the Sellers and Buyer closed the transactions contemplated by the Asset Purchase Agreement (the “Closing”). The purchase price paid in the transactions consisted of cash of approximately $422 million, plus the payment of cure costs and the assumption of certain liabilities. The cash purchase price is subject to certain withholding requirements and adjustment after Closing. Of the total purchase price, $10 million was placed in escrow to secure any potential downward adjustment in the purchase price.
The Company used a portion of the proceeds to repay 100% of the outstanding principal and unpaid interest and fees due under both its Second Amended and Restated Credit Agreement, dated as of December 21, 2016, and its Senior Secured, Priming and Superpriority Debtor-in-Possession Credit Agreement, dated as of February 21, 2019. The total amount paid to the lenders, together with related costs and expenses, was approximately $234.6 million.
$422M - $234M = $188M
420man...IS ACETQ GOING TO MULTI-DOLLARS !!...IS THAT RIGHT..COMPANY HAS $188 MILLION AND NO DEBT...
That's right...keep raising your asks up. When retail realizes they basically control how high this goes it will be game on!!
IF retail stepped off the ask together, then this would run up BIG!! Tutes are gone, therefore retail is in control. JMO
You have "this" feeling...I'm definitely in ;)
Have a brilliant one!
Market WILL catch on after this evening! JMO
Just read that the CEO stated they will continue with liquidation, so this could drop like a rock or run like Forest.
So, ACETO now has $188 million in cash after all debts are paid...hmmm, wonder what the commons will recieve IF they cancel them. 188M divided by 30M OS = $6.26 per share!!!!
Interesting volume yesterday. Does anyone know why?
$ACETQ: waiting for $0.012 on this
Has more room to fall still.
Nothing positive to report yet.
GO $ACETQ
ACET changed to ACETQ, bankruptcy. Delisted from the Nasdaq to the OTC:
https://otce.finra.org/otce/dailyList?viewType=Additions
Thanks, my concern was if my options expire useless when the stock gets delisted. If the options are still in play I'll wait till August.
Delisting generally knocks the PPS down by between 50% to 65%. You have until the 3rd to make an informed decision. GL
That's my first delist with options to date. I emailed my broker to see what happens, most likely unload tomorrow.
Yes, but I'm sure that's isnt in play here.. Can you provide credible proof otherwise? Thanks
Clearly. Do you know what happens to call options when a stock gets delisted by any chance?
Do you see what I was referring to?
Whatever the outcome is here a major pump is due regardless. That's what I'm in for. Over $1 my finger will be hovering over the sell button
Oh ok lol. Thought you were a proud smoker
LOL.... When you realize what's really going on with this stock it's gonna hurt. Let's hope I'm wrong.
Btw...its MJ, not crack..and I haven't smoked any in years...just a tribute to the major profits I made in MJ plays over the past 5 years.
GL
Continue smoking that crack pipe
LMAO! Last time someone called me that they were a stmp long and got smoked hahahahh thank you for the laugh tonight
First Clown Research TM
Will we see .09 by the weekend?
Typical mega runner move!!! Dip to load and slow climb back to green than Kaboom
heavy selling volume at the open, they call that Milton's Macabre . Seen it many times no stock survives that for long
Bounce hard off 21
my TA says the stock chart is showing the classic Dante Inferno's pattern! Straight down!
pretty mad my sell order didnt get filled at .27
* * $ACET Video Chart 03-11-2019 * *
Link to Video - click here to watch the technical chart video
Nice call.
Followers
|
7
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
174
|
Created
|
02/06/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |