Akorn Inc fka AKRXQ

[starteam003]

fellas. What went down today ? good news leaked out? just daytraders? What’s going on ?

[investisseur101]

yes Mister i'm going to sleep easy. Monday I will buy on a support if it's a green day. I learned not to fight with the market

[~ Blue ~]

after selling your shares lol:)

[investisseur101]

You have to be careful with this company. They announced that they will cancel the shares once they find those who will acquire them.

I have it in my watchlist because its graphic is very nice. But I won't be long term with it.

a nice cup and handle was formed on the graph 5 min since June 8.

[investisseur101]

thanks for the run bought 0.1908 sold 0.30-0.37

[investisseur101]

thank for the run bought 0.1908 sold 0.30-0.37

[Supernova12]

AKRXQ what are the odds this gaps up on Monday?

[~ Blue ~]

AKRXQ closed 60% up >>>>

[~ Blue ~]

AKRXQ hit .39>>>>>>>

[starteam003]

What’s going on here? news leaked ?

[Rockurstocks]

Volume keeps building grabbed a few .25s for fun

[~ Blue ~]

AKRXQ .31 is up >>>>>

[~ Blue ~]

AKRXQ .30 going to fall >>>>

[~ Blue ~]

AKRXQ alerted at .065 and .08 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155966877

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155995175

[~ Blue ~]

AKRXQ and COHO loading zone,

[starteam003]

Guys. Judging from this action can we safely say the restructuring is going well? they keeping our shares ?

[jablome]

nice move today

[~ Blue ~]

AKRXQ .27 >>> loading zone

[PAC]

AKRXQ .23 BREAKING OUT

[MWM]

I added shares today.

[~ Blue ~]

AKRXQ ~ 1 DOLLAR++ >>> COMING >>>

[starteam003]

Why we moving today ?

[starteam003]

Any feedback from the hearing today ?

[starteam003]

really ? What does the chart telling u?

[lojack]

$2 price target from this link.
https://money.cnn.com/quote/forecast/forecast.html?symb=AKRX
-AKRX-

[Majic]

I'm encouraged. The chart is beginning to look good.

[starteam003]

Should we be encouraged by today action? just daytraders?

[starteam003]

Does anyone know what the hearing about next Monday ?

[starteam003]

Does anyone know approximately how long restructuring takes ? 6 months ?

[Majic]

If you haven't yet, you may be interested in reading the court documents here:
www.kccllc.net/akorn

[welloff]

I’m sure that will be outlined after the chapter 11 is completed? There’s probably not too many things that can be disclosed until it is finalized?! IMO

[lojack]

;)

[starteam003]

does anyone know what are the future plans for Akorn? are they still looking for a buyer? If so how much can we get for it? $5 maybe?

[welloff]

“If a company is delisted, technically there is no change in the shares. They still represent the same ownership stake in the company, and nothing officially changes in terms of the company's ability to conduct business.”

[starteam003]

Are you sure about that? It’s not removal of our existing shares ?

[welloff]

It’s just a notification of the obvious, the removal of AKORN from the NYSE!

[starteam003]

https://newsfilter.io/a/4c32cbb990c423e059a2d024322adf58.. this is concerning..

[starteam003]

http://www.conferencecalltranscripts.org/no/summary2/?id=8003236.. just came out! .. does this mean our shares are worthless soon? I’m concern....

[welloff]

Maybe this will help??

https://www.investopedia.com/ask/answers/08/otc-nyse-nasdaq.asp

[welloff]

Great post. Thank you!

[lojack]

My point is, and this is just my opinion. I don’t really think they care about being re listed to Nasdaq anytime soon.. They are looking at fixing their company or not having a company anymore. Their back is at the door, time to trim the fat so to speak. I know I have said this before but Roche, a huge pharmaceutical company makers of one of my favorite medicine ;) trades on the otc, and they are at $40 something a share last I checked... I don’t really no why you are wanting huge volume, big institutions, and all of those other things you want to invest in Akorn. Volume is great over here, we are flying under the radar which is a good thing! With 100 million volume days, huge institutions, etc. Comes stock manipulation, false bottoms, false highs to create bag holders. We want to be unnoticed while we climb to around where the pps should be and then ride the wave so to speak... Either way good luck to you and everyone else over here in Akorn land.
-AKRX-

[tmeier]

You going to hold all for higher levels?

[starteam003]

great analysis LoJack. I couldn’t agree with more. one more of my concern is when and how the stock ticker will get out of OTC ? Do they have to reach $1 in order to reapply with Nasdaq? .. why I ask? many retailers and institutional are afraid to buy pink sheet stocks. any ideas ??

[lojack]

Damn blue, your going to need to change that handle to stacks with all the profits your going to have with that pps average of yours when it’s all said and done over here ;)
-AKRX-

[lojack]

Why wouldn’t it? Sure it’s going thru a bankruptcy, but it’s chapter 11 not 7... They are still hiring new employees, they are restructuring their company. They just got a 30 million dollar loan to help pay their employees and keep the doors open to continue business as usual.. They make tons of different medicine, they generate 700+ million dollars annually! They could be bought out or just trim the fat off of their business and resume operations in a little while at full capacity. Either way pps right now should be trading at around .40. If they fix their problems and start turning a profit again we could see $1-$3 a share conservatively speaking end of year, or middle of 2021... It’s also a very positive thing to see that instead of the company obsessively worrying about being delisted to the otc they are just solely focused on getting their company in order by restructuring it. Plenty of good companies in pinky land. Chart looks good, their are some gaps that will probably be filled as we continue the stair climb back up, but I am certainly not going to complain about the pps continually rising....
-AKRX-

[~ Blue ~]

You were ask me why I have loaded at .065 and .08 more than double so far expecting much more..

[starteam003]

I’m very curious why this penny stock keep going up everyday? something is up...

[lojack]

Boom!
-AKRX-

[Lets make some cash]

Chapt 11 is a restructuring/reorganization of debt. Look at WLL. They filled for BK 11 several weeks ago and trade is up over 100% today.

[starteam003]

When? What are the requirements?