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Great then folks will get another chance to get out!
or do you really think they will just keep allowing BK shares that are cancelled in Canada to just keep trading in the US
You know how many will alert the SEC/FINRA
There is complaints going in as we speak
This stock should have got cancelled along with Canada
If there is a glitch in the system, then congrats
BUT it shouldnt be trading though
Its a share cancellation TRAP
"The winning bid was made at the auction held on December 17, 2012 under the US Court-approved sale and investor solicitation procedures. The sale is expected to complete in the first quarter of 2013 and is subject to various closing conditions. A hearing in the US Court is scheduled for December 19, 2012 to consider approval of the sale."
Tomorrow will be fun GEM CTLFQ
There is a "C" word in that post with
perenthesis around it....may make the world of difference.
gem
CTLFQ
THATS ONLY ON THE CANADIAN EXCHANGE
17:07 CTLFQ Catalyst Paper Corporation Ordinary Shares (Canada) 12/19/2012 100 Plan of bankruptcy effective. All shares have been cancelled. **
we will trade as usual tomorrow
I guess in pennyland that's a very lucrative skill.
Thanks Renee
Tony
one of these days something goods gonna happen, i hope
Pretty sure the gig is up. Hope some poor soul didn't put his life savings into Catalyst Paper today. ouch.
will CTLFQ open up for trading tomorrow?
or shows over?
Someone knew how to strategically sell conservative amounts while driving the stock higher.
17:07 CTLFQ Catalyst Paper Corporation Ordinary Shares (Canada) 12/19/2012 100 Plan of bankruptcy effective. All shares have been cancelled. **
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/18/2012&mkt_ctg=NON-OTCBB
8,319,621
$26,324.09
179
$0.00316
Price
Shares
Total $
% of Total Vol
0.0004
30,150
$12.06
0.36%
0.0005
122,000
$61.00
1.47%
0.0006
250,000
$150.00
3.00%
0.0007
139,705
$97.79
1.68%
0.0008
360,295
$288.24
4.33%
0.001
238,000
$238.00
2.86%
0.0015
609,000
$913.50
7.32%
0.0016
319,891
$511.83
3.85%
0.0017
8,000
$13.60
0.10%
0.0018
150,000
$270.00
1.80%
0.0019
150,000
$285.00
1.80%
0.002
515,000
$1,030.00
6.19%
0.0021
50,000
$105.00
0.60%
0.0022
250,000
$550.00
3.00%
0.0024
380,000
$912.00
4.57%
0.0025
320,000
$800.00
3.85%
0.0028
170,000
$476.00
2.04%
0.003
135,000
$405.00
1.62%
0.0031
86,009
$266.63
1.03%
0.0032
466,000
$1,491.20
5.60%
0.0033
205,000
$676.50
2.46%
0.0034
44,400
$150.96
0.53%
0.0035
306,000
$1,071.00
3.68%
0.0036
101,000
$363.60
1.21%
0.0037
10,000
$37.00
0.12%
0.0039
90,000
$351.00
1.08%
0.004
183,000
$732.00
2.20%
0.0041
67,888
$278.34
0.82%
0.0042
240,000
$1,008.00
2.88%
0.0045
180,000
$810.00
2.16%
0.0046
80,000
$368.00
0.96%
0.0047
10,000
$47.00
0.12%
0.0048
75,000
$360.00
0.90%
0.0049
84,000
$411.60
1.01%
0.005
484,722
$2,423.61
5.83%
0.0051
123,000
$627.30
1.48%
0.0052
127,112
$660.98
1.53%
0.0055
73,500
$404.25
0.88%
0.0059
116,949
$690.00
1.41%
0.006
563,000
$3,378.00
6.77%
0.0061
121,000
$738.10
1.45%
0.0062
100,000
$620.00
1.20%
0.0065
110,000
$715.00
1.32%
0.007
75,000
$525.00
0.90%
I have observed too many BK stocks run to the stratosphere immediately prior to share cancellation.
Insiders dumping on a false pump? Who knows, but it stinks to high heaven.
CTLFQ: Plan of Bankruptcy effective at 5:07 P.M. E.S.T. All shares cancelled.
http://www.otcbb.com/asp/dailylist_detail.asp?d=12/18/2012&mkt_ctg=NON-OTCBB
I agree. Looking forward to tomorrow!
CTLFQ
There are no moral police on iHub. People bash not because they are short, but because they want cheaper shares.
People post here to make money; not to warn and protect others. How smart you are to dupe the other guy into selling you his shares will make you the better trader.
End of story.
CTLFQ
There was obviously someone picking up those shares and was buying heavily to drive price right back up. It was all buys the last half hour of trading and with over 1200% gains it held up really strong at the end. Just couple of sellers that dont hold overnight. This is a great sign for tomorrow and were expecting the court approval as well. This thing moves on air and could run really hard in the AM with any buying pressure
But have you noticed that those people disappeared after the bid dip down to the upper .002s? Then CTLFQ ran back up quickly to the .006s. Their agenda was obvious.
Some talking that common shares are cancelled and that they are worthless. If they were cancelled then why are they still trading and available to be bought through all the brokers. How can anybody sell a cancelled shares. I've seen many Q plays that ran for days and this baby is up over 1200% and the news came out after 1 pm. Easy few hundred percent gain tomorrow
Yup and Court Approval tomorrow... CTFLQ multiple pennies.
Gap and run.
Love it when Qs fly.
CTLFQ
Funny that every single broker let their traders buy CTLFQ
gem
From THE CANADIAN PRESS JULY 31, 2012
http://www.vancouversun.com/business/2035/Richmond+Catalyst+Paper+close+recycle+mill+Arizona+workers+affected/7020366/story.html
No need to fortune tell, just email the company and ask what's going to happen to these shares.
Of wait that wont help us pump, so lets just ignore all that and say LOL WEEEEEEEEE .035 tomorrow! Weeeeeeeee
Lmaoo
Anyway timber time here as folks realize shares are CANCELLED!
I was researching this stock before the news...
in november..its december
Everyone knows - they are just looking for someone to take their overpriced bags at this point.
thank you! truth-
READ IT - Those are not the CTLFQ shares - they are NEW SHARES NOT YET LISTED FOR TRADING.
CTLFQ = WORTHLESS.
Its all right there but I'm sure you will see once your shares sell. Running out of time.
Email from Catalyst
http://198.70.20.21/tmp/2012-11-14_conditional-tsx-listing-approval-nr.pdf
Thank you for your email message.
All common shares of the company prior to the reorganization have been cancelled. Under the plan of arrangement, these common shares have no value and there is no market where the common shares may be sold. These shareholders will not receive any consideration from the new common shares that will be listed on the TSX. Attached please see the recent press release regarding the TSX listing of new common shares.
-----Original Message-----
From: Contact.Us@catalystpaper.com [mailto:Contact.Us@catalystpaper.com] On Behalf Of xxx@xxx.com
Sent: Friday, November 23, 2012 9:19 AM
To: Kelso, Barb (Richmond)
Subject: [Lyn Brown] Reorganization & Existing Shareholders
XXX sent a message using the contact form at http://www.catalystpaper.com/contact/investor-relations/lyn-brown.
I am trying to do some research on your company, I see you are in the process of reorganizing and I am curious about what happens to your existing CTLFQ shareholders?
Is the company going to be owned by fully by the secured debt holders or will common shareholders still have a stake in the company.
Any information regarding this reorganization will be very helpful,
XXX XXX
And 14 million shares issued on 9-13 to debt holders. What is trading now?
OC, u have a screw loose bro...must be all these hot tickers today CTLFQ
gem
LOL WEEEEEEEEEEEEE
OOOOOOOOOOO, I've never had my fortune read before.
thanks
gem
Just stating the obvious, hence why it's at .0035 and not .035 right now. Shares are cancelled, hold overnight and u might wake up to news saying that they bought everything except the commons which is what happens 99% of the time in bk plays. Then watch it fall hard in minutes.
CTLFQ...does it matter what anyone does on any
ticker as long as traders make sure they are MYOB'ing
and allowing others to trade the stock they want
???
gem
This ticker did make a good lil jump up....
up and down and all aroud...make those tb's fly!!!
gem
CTLFQ
Nice jump back up! CTLFQ
Toothbrushes!
Try hitting the ask lmaoo
Senior pumpers are gone, just a few junior pumpers left here. They will probably sell and be gone by tomorrow to follow the next play the senior pumpers push.
· All common shares of the company outstanding prior to the reorganization have been cancelled for no consideration and holders
of such common shares will not receive any distribution under the Amended Plan.
Hard to get shares
CTLFQ
gem
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Catalyst manufactures diverse specialty printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and Europe. With four mills located in British Columbia and Arizona, Catalyst has a combined annual production capacity of 1.9 million tonnes. The company is headquartered in Richmond, British Columbia, Canada and its common shares trade under the symbol CTL on the Toronto Stock Exchange and CTLUF on the Other OTC.
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