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$BLIBQ .01 on watch
BLIBQ is getting attension and momentum
Purely a manufactured runup, would be nice to see some deep pockets try to make it serious, before they get shut down again.
Another $14k of confusion? Up 350%
Because people were confusing it with the Blockbuster name and assets that Dish bought. Blockbuster LLC is the subsidiary of Dish, owned by Dish. They do not and will not have stock of its own.
Why go to the trouble to change the name and ticker?
Here is an informed guess. The stock is worthless and the company has said so, and you will find it in the filings. 100% certainty this will end up in a pile of dust as soon as all the administrative details regarding the bankruptcy of the 'old' Blockbuster is complete. This stock is the 'old' Blockbuster and will *not* roll into the new one. That is all.
I'll try and go through pacer this weekend and see if there's anything relevant to the share stability / structure. But, if there is any info you have, please share. It would be my general belief that the shares must stay or be rolled into the acquirer of the assets, but that is only an uninformed guess. Let Me know if You have any DD pertinent, thanks.
Who knows? Why are both A and B still alive, why weren't they both cancelled?
I may wake up one morning and have a pile of dust, but maybe not.
Lot of potential left blob, could/would the class a and b become merged, or could/will the b class come off the grey back to pink or bb??
We are on the Greys. Call your broker.
I noticed the A stock is trading however the "B" stock has no ask or sell on scottrade...yet has movement...what say you board? When can I get my hands on some of this B stock!
Correct, name change, potential the same. Still lots of value with this security over time.
Symbol change: BLIBQ as of 10/13/2011
Name change also - "BB Liquidating Inc. Class B"
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=ALL&d=10/13/2011
BLOAQ is now talked about on the BB Liquidating BLIAQ board:
http://investorshub.advfn.com/boards/board.aspx?board_id=4284
BLOAQ board vanished into thin air lol. I am assuming this one will to.
I read someone mention this may have get a new trading symbol "BBI" but then again the guy who said it was probably trying to sell some suckers some shares.
Anyone have any other info. I made a ton of money trading BLOAQ and hate to see it go.
Looks like Blockbuster halted again.
No BLOAQ board on IHUB any more.....
SEC is worthless.
Does anyone know what happened to anyone who shorted this stock yesterday?? I really want to learn how that works...thx
Thanks you too.
Indeed, I wish this shoot out would of lasted as long as some of the others.
On to the next
Happy trading
Yep it happens when you trade in the Wild Wild West lol
Blockbuster stocks halted:
All classes of Blockbuster halted by SEC, H10:
H10 Trading Halt - SEC Trading Suspension .
The Securities and Exchange Commission has suspended trading in the security until further notice .
I see,
Comes with the territory when playing Q plays ;)
Nothing to fret about.
Trading has been halted..
Holding BLOBQ is just getting started just you wait and see.
Talk about a mover GEEZ
Money Money Money
BLOBQ @ .0966!
as far as i know... the shares (both a & b) will be cancelled at some point...
the shares are equal in value.
but if i were to trade these- in some ways a's are more appealing as they have more volume and are easier to get in/out.
another thing that seems to happen though to- is you'll see a's go up/down and b's follow in suit about 20 minutes later. these have always done this... and you saw it today.
Does anybody know if this will still be treated as a separate company, even though it was bought out.
I think the only difference between class A and B is voting and dividend rights.
Shares will be cancelled when the deal is complete. Zero.
BLOBQ @ .09!
They are both the "real shares". All the common shares are split between 2 classes, "A" and "B". Both have the same share structure. Neither is better than the other. "A" has a higher share price. Maybe because people unknowingly think "A" is better than "B".
and what is class b shares mean
just a question but which is the real block buster stock bloaq or this one blobq. just wondering cause one of these has to be the right one
BLOBQ @ .09!
BLOBQ @ .087!
Might this change things?
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=45463
right. i just wonder if timing will become a non-issue? i mean, if/when the plan for auction is approved on march 2nd, i would think that speculative investors/traders will be all over this thing.
and then once actual bids start coming in from different companies....well, you get the point.
HOWEVER, i don't think that there will be too many bids outright; nay, i think we will see most of the bids in the last few days or the week up until the deadline (just like most ebay auctions). so having said that, i can totally see there being several spikes and dips until those final couple of weeks.
speculators and the like will drive up the PPS, and then people will take their profits as the bids will be minimal.
i dont know. i'm tired. just guessing.
Well
Big-money shareholders have been known to push these Q's when they have no other means to recoup their money. Timing on these is extremely critical.
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Outstanding Shares: 72,000,000 Blockbuster Class B Shares.
Floating Shares: 66,011,000 Shares.
Shorting Shares: 5,925,502 Shares.
52-Week Price Range: 0.015 ~ 0.67
Recent Trading Range: 0.019 ~ 0.041.
Company Status: The CH11 bankruptcy was filed on 09/23/2010.
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NEWS
Court OKs Chief Restructuring Officer for Blockbuster
By : Erik Gruenwedel | Posted: 27 Oct 2010
egruenwedel@questex.com
The court handling the bankruptcy for Blockbuster Inc. has approved the appointment of a chief restructuring officer (CRO) and related personnel to assist the Dallas-based disc rental giant through its fiscal reorganization.
Judge Burton Lifland, with U.S. Bankruptcy Court in New York, Oct. 27 authorized the retention of Alvarez & Marsal North America, who named Jeffrey Stegenga to the position of CRO, among other personnel.
Alvarez & Marsal, Stegenga and related personnel are to report to Blockbuster’s board of directors, according to the court filing.
The court also approved $125 million in debtor-in-possession funding allowing Blockbuster to maintain operations and pay studio pre-petition claims, among other expenses.
Blockbuster, which in September filed a pre-packaged
http://www.homemediamagazine.com/blockbuster/court-oks-chief-restructuring-officer-blockbuster-20977
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Blockbuster(R) Conducts National Casting Call: 4,000 Employees To Be Hired to Meet Holiday Shoppers' Needs
World's Largest In-home Movie and Game Entertainment Company to Staff Up for Busiest Season
DALLAS, Oct 29, 2010 /PRNewswire via COMTEX/ -- Blockbuster announced its plans to hire approximately 4,000 seasonal employees to staff its Blockbuster stores nationwide this holiday season. In previous holiday seasons, the company has hired thousands of employees to help shoppers find the right movie, game or merchandise for renting or gift-giving.
Blockbuster is a popular destination during the holidays for renting and buying movies, as well as for Christmas shopping. According to Craig Mabrey, director of recruiting for Blockbuster, what differentiates Blockbuster from its retail and industry competition is the focus on hiring and training associates who love movies and games and can give knowledgeable recommendations based on specific needs and interests. "We know the holiday season is our busiest and we plan to hire thousands of new employees in preparation for another busy shopping season in our stores."
Historically, customer traffic increases the week leading to Thanksgiving and the momentum continues through the New Year, peaking the week between Christmas and New Years Day. The last two weeks of the year and first week of the new year are often the busiest. Hiring additional holiday staff plays an integral part in providing an enjoyable in-store experience for Blockbuster customers during this time. During the non-holiday period, Blockbuster employs approximately 25,500 employees in the U.S.
About Blockbuster
Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually. The company may be accessed worldwide at www.blockbuster.com.
SOURCE Blockbuster Inc.
www.prnewswire.com
Copyright (C) 2010 PR Newswire. All rights reserved
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http://www.otcmarkets.com/stock/BLOBQ/news
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Looking for a Convenient Way to Get the Latest Movies?
11/02/2010 6:35 PM ET - Pr
As of 3:18 PM ET 11/3/10
As of today, consumers can watch movies on almost 100 consumer electronic and mobile devices, thanks to BLOCKBUSTER On Demand(R). With the addition of six new consumer electronics partners and seven devices this fall, BLOCKBUSTER On Demand consumers have even more options to get instant access to all the newest movies at home and on the go.
With BLOCKBUSTER On Demand, movie lovers get instant access to digital movies on the same day as DVD/Blu-ray. There are no monthly fees, and the service is available on PCs, laptops and almost 100 different Blu-ray players, smartphones, home theater systems, TVs, DVRs, digital media adapters and portable devices.
According to Bruce Anderson, BLOCKBUSTER On Demand's senior vice president and general manager, the BLOCKBUSTER On Demand service works seamlessly across different devices. Customers can rent or buy a movie on a smartphone and also watch the same movie on a Blu-ray player. They can also start watching a movie on a home theater and finish watching it on a connected TV in another room.
"We are passionate about making it easy for people to get the newest releases and all their favorite movies across an increasingly wide variety of devices from the entry-level to high-end," said Anderson. "We've launched with half a dozen new CE partners in recent weeks and continue to expand organically with existing partners. Customers know that Blockbuster always offers the latest greatest movies and our ongoing expansion shows that our partners appreciate the value that BLOCKBUSTER On Demand brings to their devices."
New Blu-ray device models supporting BLOCKBUSTER On Demand include the following models. Specific product details are available at www.blockbuster.com/devices.
Integra's high-end DBS-30.2 Blu-ray disc player features high-definition surround sound formats for Blu-ray, Dolby(R) TrueHD and Dolby Digital Plus decoding and is available through select custom installers.
Integra's other high-end Blu-ray disc player, the DBS-50.2, offers full-feature Blu-ray Disc Play Back and a High Quality Video Scaler and is available through select custom installers.
Magnavox's MB 5130 Blu-ray disc player is equipped with built-in wireless LAN, deep color support, SD card support and Energy Star 2.0 support.
Onkyo's BD-SP808, a THX and DLNA 1.5 Certified Blu-ray Disc Player with a full array of state of the art technology, including Video On Demand, premium Marvel Qdeo(TM) video scaler, and studio-master quality Dolby(R) TrueHD and DTS-HD Master Audio(TM) sound.
Sylvania's NB620SL1, a Wi-Fi-enabled Blu-ray disc player, also comes equipped with built-in wireless LAN, deep color support, SD card support and Energy Star 2.0 support.
Western Digital's WD TV(R) Live Hub(TM) media center, a Full-HD 1080p media player with a 1 terabyte (TB) built-in network hard drive and the freedom to play personal media on any screen in the home.
Yamaha's BD-A1000, designed to work with the Yamaha AVENTAGE line of components for maximum convenience, comes 3D ready and offers secondary video/audio for enhanced commentary.
About Blockbuster Inc.
Blockbuster Inc. is a leading global provider of rental and retail movie and game entertainment. The company provides customers with convenient access to media entertainment anywhere, any way they want it - whether in-store, by-mail, through vending kiosks or digitally to their homes and mobile devices. With a highly recognized brand and a library of more than 125,000 movie and game titles, Blockbuster leverages its multichannel presence to serve nearly 47 million global customers annually. The company may be accessed worldwide at www.blockbuster.com.
SOURCE Blockbuster Inc.
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Blockbuster Gets Final Court Approval of 'DIP' Financing
Wednesday 11/03/2010 1:18 AM ET - Close-up MediaRelated Companies
As of 3:18 PM ET 11/3/10
Blockbuster Inc., a provider of rental and retail movie and game entertainment, announced that it has received final authorization from the U.S. Bankruptcy Court for the Southern District of New York to obtain $125 million in "debtor-in-possession" (DIP) financing from certain of the Company's senior noteholders.
According to a release on October 27, the funding is available to help Blockbuster meet its obligations to customers, suppliers and employees in the ordinary course as it implements a plan to recapitalize its balance sheet and substantially reduce debt. The Court had previously authorized Blockbuster access to $20 million of the DIP financing on an interim basis. Today's final order allows Blockbuster to access the entire $125 million facility.
The Court also approved the retention of certain legal and restructuring advisors and granted Blockbuster authority to pay certain prepetition claims of movie studios and game providers.
On September 23, Blockbuster announced that it reached agreement with its senior noteholders on the material terms of a plan to recapitalize its balance sheet and reduce debt from nearly $1 billion currently to an estimated $100 million or less when the plan is implemented, the Company said. The Company and its domestic subsidiaries filed voluntary Chapter 11 petitions to implement the recapitalization.
Jim Keyes, chairman and chief executive officer, said: "We are pleased that the court has granted these final orders, which will enable us to continue to meet our obligations to customers, suppliers and employees as we move forward with the recapitalization process. We continue to work diligently with our senior noteholders, the movie studios, the unsecured creditors committee and other key parties on our recapitalization plan, which, when implemented, will strengthen our balance sheet and allow us to continue transforming our business model."
All of Blockbuster's U.S. operations, including its stores, DVD vending kiosks, by-mail and digital businesses, are open and serving customers in the normal course. Blockbuster is fulfilling all orders as usual.
More company information:
www.blockbuster.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
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