Celadon Group Inc. (CGIP)

[mulder35]

SC77 WHERE ARE YOU? SOMEONE WANTS 1M. Shares!!?? @.006 Hmmmmmmm

[mulder35]

WEll WE Need to Get the NEWS OUT!! Ive been posting to stocktwits about it and Yahoo BUT no one is noticing.. if we had just a LITTLE volume of buying could you imagine how much higher it would be?? 5-10 cents maybe? This has NEVR had a bounce yet...

[SC777]

Nobody seems particularly interested in this ticker at the moment.

Super low float though - and they have more assets than liabilities per their bankruptcy filings.

[mulder35]

I Thought it was New Common Purchase Too!! So are we missing something? Why would they take a NEW position?? When did they buy? Why isnt anyone talking about it? I wish we knew why or more info in it

[SC777]

I posted this recently - Citadel Securities filed a NEW 13G showing a 9.1% stake. I don’t see them owning any $CGIPQ prior to last week do you?

They are an activist investor.

[mulder35]

https://fintel.io/filings/us/cgi GUYS READ THIS.......

[mulder35]

NO One keeping an eye on this?? Someone is trying to manipulate this DOWN to half penny for a reason.. something BIG is gonna pop this up or move it.. I'd go ALL in if anyone is paying attention...

[SC777]

It looks like a new 13G was filed today for a new position by Citadel for nearly 10% of equity? Seems like a new position because I don’t see any prior 13G for Citadel?

[1manband]

The stock is worthless. The Stalking Horse offer is only for their Taylor Express Unit, and only for $14.5 million. That wouldn't even cover their initial costs of their bankruptcy lawyers. A pittance.

https://www.wsj.com/articles/luminus-offers-14-5-million-for-bankrupt-celadons-taylor-express-11579293636

CGIPQ shareholders will not receive anything in the bankruptcy, and anyone holding the stock will lose 100% of their investment.

[mulder35]

Stockdawg tell us more please!!! I can't believe 2 cent's is all this is worth in the end?? With no bounce??

[stockdawg44]

Dark Horse buyout offer, saw the news late on Friday, e trade pro. News not on most sites, feeds etc.
Could get interesting here.....

[mrsdoubtfire]

[phone] adrian dalsey phone number

[stockdawg44]

CGIPQ, some volume, saw a 500K bid .015 earlier..+21%

[mulder35]

They had $165 M. Dollar Investment 4 Months ago!!?? Alll that money gone already??? if not, then the commons "could" recover something since the co. for that loan owns 50% of the common... Im NOT selling at 1 cent.

[VelvetJones]

Long term it doesn't, as that means the there is nothing left of the company. But in the short term ignorant investors tend jump on board as they thing the "company" is being sold and that they're going to get part of that. In reality the assets are transferred and stock holders are left holding a debt ridden corporate shell.

[mulder35]

How Does a 363 Benefit Commons?? Thanks!

[VelvetJones]

If you had already been holding then I agree, no reason to sell. Hell, I bought in at around $3 a share. My biggest loss since WAMU. I just don't think this will see a Sears like dead cat bounce. First off, it is not a house hold name. Second, the media made that happen with their poor reporting of Sears "Exiting bankruptcy" and conflating the new Sears with the old stock. If a 363 does occur here this might get a nice bounce for a couple of days.

[mulder35]

SHLDQ Went .13 to 1.95...... AFTER BK Soooooo that was After told commons were worthless too, ty for the concern we will take our chances... NOT worth selling down here. NO ONE is selling anymore!

[1manband]

No, the common shares are WORTHLESS. Common shareholders will receive nothing in the bankruptcy. They will be completely wiped out.

Even at 2 cents, the stock is overvalued.

[mulder35]

I Understand That.... BUT at 2 Cents?? HOLD... There's no good reason its at 2 cents and not 10-20 cents right now, no difference... Only because it has been shorted to death and manipulated this far. Its not dead. But traded as such... they had a ONE HUNDRED AND SIXTY MILLION DOLLAR LOAN!! Not too long ago... that that investor or bank bought alllll those shares with, you think he's happy its at 2 cents? I dont think so... this will have a bounce...

[VelvetJones]

Do actually understand how bankruptcy works? The company has basically been taken over by creditors. That is not a good thing. It's like claiming your house is worth more now that the bank has foreclosed on it. It is the same BS every time on these boards.

[stockdawg44]

Good points, and no shares can be issued by the company or anyone, while in BK.

[mulder35]

Exactly!!! And a low float too!! There's Only sooooo many than can be sold still or SHORTED... I think shorts are playing with fire down here... Who w would be selling "real" shares @2 cents after losing so much? No one....

[Spikedog]

This Baby is wound like a snake!

[55cruiser]

No worries brother. I'm on the fence for sure just waiting to see if it dips lower. Just Friday it was .41 then bam. Either way at this price it's a good buy. I'm just holding out a little while longer. Thanks for the reply and have a great day.

[mulder35]

NO Sorry! I meant ANYone Selling 2 Cents is Crazy to do so... not you. Sorry that was misinterpreted. If you didnt but at 2 cents you should have :) I might be wrong BUT at 3 cents thats 50%... Will see what happens...

[55cruiser]

You must be confused. Nowhere in my post did I say I own or have any to sell. I was making the same point as you implying its worth a ton more.

[mulder35]

Even in Chap 11 This is Worth More!!?? 2 cents?? Keep selling I will buy these and sell them back at least double in a week or two...

[stockdawg44]

Boom..... .028

[RJ Trotts]

More selling pressure today. Still hopeful for a bounce.

[barnyarddog]

Company in shock. Needs time to cool off. Maybe legal hands can liquidate the situation 8,000 dollar tractors dont pay much. Thinking about the auction line. Could pick 4 or 5 tractors and lease start a small company. Wow.


Maybe, not.

[WHITTENHALLJR]

Two divisions are still operating and profitable… And who knows the main operating shipping entity may get snapped up ...

[halbroke1]

CGIP $$$ HUGE BOUNCE NORTH COMING...IT FELL TOO FAR...SO CHEAP RIGHT NOW.., SHOULD GO BACK TO AT-LEAST 0.25..

[55cruiser]

JB or Swift will probably snatch them up for pennies to get all the contracts. Will pay for itself in a couple of years probably. Who knows with all the rate cutting companies out there anymore. It's a tough call.

[T4KingOff]

lmao not happening.

[1manband]

Not if the SEC suspends the stock for their massively delinquent filings.

That could happen at any time.

[WHITTENHALLJR]

It’s call trading in the otc... Q’s are good for a few months of trading

[1manband]

Since it is obvious the stock is worthless and can be wiped out at any time without any warning, who will buy the stock? I mean, any current holders need someone to buy it from them at a profit. Who would do that?

[WHITTENHALLJR]

Selling done>>> look for a jump to .04 area

[1manband]

The stock is worthless. Common shareholders will receive nothing pursuant to the bankruptcy.

Before "investing" in this stock, people need to understand how bankruptcy works. By law, common shareholders are dead LAST in line for assets. All the classes in front of them (all debtors and creditors) must be 100% satisfied for what they are owed before common shareholders can even be considered. No exceptions.

There is really no chance of full repayment to all the debtors and creditors in Celadon. Therefore, common shareholders are expected to receive nothing.

And one more thing to consider. Celadon has not filed any of their annual or periodic filings with the SEC in almost 3 years. The stock can be suspended, and then revoked, by the SEC at any time, without any warning. The common shares could be completely worthless immediately at any time.

[WHITTENHALLJR]

Jaguar will operate in the same way it has been working. The situation that Celadon is going through does not compromise....However, Jaguar Transportation's webpage was removed on Dec. 9. It is not clear if the company's web address was changed or shut down. The company's Facebook page was still up.

Jaguar Transportation is listed as a wholly owned subsidiary of Celadon Group Inc. in a 2016 filing with the U.S. Securities and Exchange Commission.

Jaguar Transportation was founded in 1975 near Monterrey, Mexico, and acquired by Celadon in 1992. The company said it had 450 trucks and 600 employees, according to a 2018 marketing brochure.

Jesus Alvarez, head of carrier sales for digital freight marketplace Fr8Hub, said he spoke with Jaguar Transportation officials on Dec. 9. They also indicated to him that the Mexican carrier would keep operating.

"As far as I know, Jaguar is still pulling strong. They were one of Celadon's most lucrative assets," Alvarez said.

[WHITTENHALLJR]

GOOD NEWS >>> https://news.yahoo.com/celadons-mexican-carrier-jaguar-transportation-141656979.html

[WHITTENHALLJR]

If they have those two subsidiaries still in operation at some point will get some sort of a positive spin here I’m not really counting on any resurrection of the main ground transportation business though but heck you never know I’ve set my sell at $.10

[RJ Trotts]

I am just here for a bounce. Hoping to see some buying volume. I know you have to be in and out of these trades pretty quickly. Bring on the volume.

[WHITTENHALLJR]

In some good news coming out of this sad story, according to the press release announcing the official bankruptcy, two Celadon subsidiaries – Taylor Express and the Mexican subsidiary, Jaguar Transportation – will continue to operate and will be sold off intact in a Section 363 Process. This method allows management, working alongside the creditors, to control the auction process and get the highest possible price for the companies. Keeping them intact allows Taylor Express and Jaguar to fetch the highest possible prices.

According to Taylor's website, the company describes itself:

Taylor Express was founded and incorporated in 1987 as a truck load carrier. The company has grown steadily since then by providing quality service offering real value to customers and by reinvesting in the company to assure financial stability.

We are a leading carrier in the tire and rubber industry, providing dedicated services on critical raw materials as well as transporting finished goods for the tire industry and many other well known companies like Kohler, Lowes Hardware and Purolator just to name a few.

Today, we have over 150 tractors. Each is equipped with Omnitracs hardware and Tom McLeod Software for route accuracy and control. We also have over 380, 53-foot dry vans and 298 specialized hopper trailers. All of our equipment is serviced at our operation centers in Hope Mills, North Carolina, and Union City, Tennessee. Maintenance facilities include full shop with wash bays, body and paint rooms.

In January, 2015, we became part of Celadon Trucking, Inc. This has increased our footprint in the trucking industry. With their support, we're able to cover even more loads across the midwest, northeast and southeast regions of the United States including Canada.

As reported earlier in FreightWaves, Jaguar Transportation, the Celadon-owned carrier based in Mexico, has indicated that it will remain operational and continue its cross-border shipping.

"Jaguar will operate in the same way it has been working. The situation that Celadon is going through does not compromise this company at all," Jaguar company officials said in an email to FreightWaves reporter Noi Mahoney.

However, Jaguar Transportation's webpage was removed on Dec. 9. It is not clear if the company's web address was changed or shut down. The company's Facebook page was still up.

Jaguar Transportation was listed as a wholly owned subsidiary of Celadon Group Inc. in a 2016 filing with the U.S. Securities and Exchange Commission.

Jaguar Transportation was founded in 1975 near Monterrey, Mexico, and acquired by Celadon in 1992. According to a 2018 marketing brochure, Jaguar Transportation said it had 450 trucks and 600 employees.

This is good news for the employees of Taylor Express and Jaguar Transportation, because it appears they will get to maintain their careers even after their ownership by Celadon is severed.

[WHITTENHALLJR]

https://news.yahoo.com/why-celadon-filing-chapter-11-174927587.html

[WHITTENHALLJR]

Was hoping there would be something of a buyout or an offer but it looks like the CEO just trashed the company and blew it up...lol

[bruce lee53]

Possibly. But there was plenty of sell volume yesterday that a good bit may have already covered. We’ll see. I’d love it if it got pushed to .10.

[RJ Trotts]

A nickel sounds great right now. Bring it on. I am not greedy and I do not plan on being around here but a few days. About the Q plays, I agree they are all lottery picks right now.

[eageleye]

Same here on Q plays. I do expect shorts to start covering today and tomorrow and start taking their huge profits. That I think will push CPIGQ between .05 and .10