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out of bk!!:
BUTLQ Butler International, Inc. Common Stock 10/24/2013 100 Bankruptcy case dismissed
http://www.otcbb.com/asp/dailylist_detail.asp?d=10/23/2013&mkt_ctg=ALL
Yesterday up 160% and the buying continues today. Q must be coming off. Super thin to .08 !!!
I know there hasn't been talk on this board for a while. I just stumbled upon this and was wondering if anyone has heard anything about the bankruptcy or the deal with select staffing. TIA.
Just someone wants to see there account go up just like me today when my account doubled and I looked and thought. O Damn its only BUTLQ again thanks alot who ever LOL. Was hoping for a new ticket in the white house but who wants to buy a shell when your going to be taxed and regulated to death and throw in the cost of health care.
Gozz - Curious as to why the purchase, Your thoughts?
BK buyout but shareholders never got paid??
Did any one ever find out about the select staffing connection/buyout?
I like to know who buying this?
Someone wants 2.5 million shares. Wow!
VC
Butler International, an engineering service and staffing firm, announced it struck a deal to be acquired by Butler America LLC a company affiliated with D Stephen Sorensen, chairman and ceo. It also filed for chapter 11 bankruptcy protection. In it's BK filing, Butler Intl listed assets of 96.4 million (representing book value, not necessarily market value) and total debts of 75.6 million as of March. Sorenson's company would acquire Butler International for $27 million in cash under the deal. SOME IMPORTANT BULLET POINTS TO REMEMBER.....Butler International filed chapter 11 reorganization and during that period they were aquired lock stock and barrel. SHAREHOLDERS WERE NOT WIPED OUT. In fact, one poster on here long ago stated that they had spoken to the BK attorneys and the chapter 11 case may have even been dismissed! Since that time period, there have been no updated financials (I believe we just went dark) however we are still trading. Select Staffing debt due in 2014.....Select Staffing acquired the shell for a reason.
Vc....also as I recall Select Staffing has debt of it's own due in 2014. My speculation tells me that Select Staffing may want to begin trading it's shares on an exchange well beforehand as a way to raise money to pay down some of that debt. If that happens PPS will skyrocket.
Nothing current but read post 3417 and follow the link. This one has always intrigued me. Select Staffing acquired all of Butler International's assets/and whatever debt there was as well during the BK. Select Staffing also acquired the shell. In the past Select Staffing has had ambitions of going public. Select Staffing is a billion dollar company. Makes me think Select Staffing could be paying down debt/cleaning the shell up in preparation for a R/M launch onto a major exchange. The shell has been under their ownership for quite some time. Who knows, perhaps someday you will see the Q drop off and then a R/M announcement symbol change. Worth having a few shares just in case IMO.
BUTLQ has 71 job openings in 9 states? That was the first time I clicked that link, the most recent new entry was yesterday too.
Any CURRENT updates?
VC
Thats a lot of jobs? You might be on to something....
Load under .01 - Volume Gonna Send BUTLQ ...
for a nice ride.
Rinse and Repeat
Seems you brought followers with your latest post.
Whoa, what happened here today? On less than a million and up 100%. Very nice.
I still believe Butler America will have something to do with this shell. Haven't been following the Pacer docs and not sure if the NOL's are still valid.
VC
They just printed .004 to the bid over my bid probably BS trade
Symbol BUTLQ
Description BUTLER INTL INC NEW
Action Buy
Route HUDSON SECURITIES, INC.
Order Type Limit at $0.0041
Time in Force Day
Conditions None
Trade Type Cash
Market Session Standard
Order Date 03/29/2012, 01:51:49 PM ET
Cancel Date 03/29/2012
Order Number C29CCHSD
BUTLQ looks as thin as ever
Yep, I remember, quite a run. Noticed the recent action. Added to watch list.
Just saw this one again, BUTLQ ran 003-07 this time last year. Nice accum last few days
Someone is/has been controlling BUTLQ pps.
VC
BK stocks are extremely risky, ill just watch it I guess. Thanks for letting me know though.
I would say away from this one!
Kev, anything I should know here with BUTLQ, seems dormant for now.
It had a very nice run in the beginning of the year though, might repeat that hopefully soon.
I'll see if I can dig up some interesting stuff here and post it.
I submitted the ticker symbol to stockcharts.com just now, gotta get this baby back on the map. Seems like a sleeping giant to me so far.
Big gap between bid and ask is going to make it hard for people to want to buy, this does look like a good entry point to just buy and hold though.
BUTLQ looks like it needs some attention, its gone dormant for now.
nada mucho. just bought some shares and stopped watching. Savin them just in case
Haha i see that! Wassup here?
Lol!! Got my hand in all the sweetest cookie jars bro!
Soo your here to huh?
I noticed someone keeps gobbling at the ask.
That was my re-entry since making a 3 bagger on it
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Business Name: | Butler Services International, inc. / Butler America |
Tax ID: | 061181282 |
Bankruptcy Case #s: | 09-11914-KJC, 09-11915-KJC, 09-11916-KJC, 09-11917-KJC |
Judge: | Honorable Kevin J. Carey |
Trustee: | Thomas Patrick |
Ch. 11 Filed: | June 1, 2009 |
Disposition Dismissed: | May 27th, 2010 |
Closed On: | June 10, 2010 |
Bankruptcy Attorney #1: | Jeremy William Ryan E-mail: jryan@potteranderson.com Full Profile: http://www.potteranderson.com/attorneys-111.html Telephone: (302) 984-6108 |
Bankruptcy Attorney #2: | Jamie L. Edmonson (Associate Bayard Law) E-mail: jedmonson@bayardlaw.com Full Profile: http://www.bayardlaw.com/jamie-edmonson.htm Telephone: (302) 429-4234 |
Bankruptcy Attorney #3: | Justin R. Alberto (Associate Bayard Law) E-mail: jalberto@bayardlaw.com Full Profile: http://www.bayardlaw.com/justin-alberto.htm Telephone: (302) 429-4226 |
Bankruptcy Attorney #4: | Attorney: Charlene D. Davis (Director Bayard Law) E-mail: cdavis@bayardlaw.com Full Profile: http://www.bayardlaw.com/charlene-davis.htm Telephone: (302) 429-4212 |
Butler International, Inc. (Butler), incorporated in 1985, provides outsourcing, project management and technical staff augmentation services that are performed onsite at the client's facility, offsite at a Company-owned facility, or offshore at Butler's facility in Hyderabad, India. Butler offers capability in technical, information technology (IT), and telecommunications disciplines, including engineering design support primarily used for aerospace, defense and heavy equipment manufacturing; software applications development and implementation; enterprise network design and implementation, and telecommunications network systems implementation. Combined, aerospace/aircraft and defense are Butler's largest vertical industry segments.
Butler has served companies in industries, including aircraft, aerospace, defense, telecommunications, financial services, heavy equipment and manufacturing. In July 2009, the Company announced that it had completed its previously announced sale of substantially all of its non-publishing assets to Butler America LLC.
Anything said In this informational box is factual. With that said, we can not account for anything anyone says in the posts below. Please only cater to verifiable information we have posted below. That will distinguish us from other boards. Providing a high level of quality information that is easily verifiable is our goal. We have a mature crowd and do not encourage speculation without cold hard facts, telephone contacts, proof of statements, fax scans, etc. Please do your DD and stay on top of ours.
Updated information will be posted below either in the "sticky section" directly above board posts or below here. We encourage you to be truthful and honest in your research and never to post anything without verifiable data. Here's some DD to start you off:
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