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CEDCQ: Plan of Bankruptcy effective. All shares cancelled.
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/05/2013&mkt_ctg=NON-OTCBB
News of cancellation of shares effective today, June 5.
News of Russian Standard acquiring Central European.
Dirty, very dirty.
VC
That's what I'm thinking. If this ticker isn't off the market Wednesday June 5th (the third business day since May 31) then something is fishy with the reorganization plan. Anyone still holding tonight should expect their shares/share value to be at $0 tomorrow morning. If not, and for some reason this thing is still trading, it might get crazy.
"On May 31, 2013, the Company issued a press release confirming that its prepackaged plan of reorganization, approved by the U.S. Bankruptcy Court for the District of Delaware on May 13, 2013, is expected to become effective within three business days."
Is it possible that it opens tomorrow?
If so, can it be cancelled anytime during the trading day?
If it opens, I can see a high probability of it being halted at anytime and subsequently cancelled before the next trading day, which is even scarier.
Crickets LOL... I was wondering the same thing, you know what they say, when there's blood on the streets...
Is CEDCQ on the way to the bottom?
Is it finished?
All opinions are appreciated.
Impacto u too bro? Where ya at? Huh?
It's over dude. Lights out
From PR
"All of the previously issued 2013 Convertible Notes and 2016 Senior Secured Notes and shares of outstanding CEDC common stock will be cancelled. The Plan will result in a reduction of approximately $665.2 million of debt of CEDC. As a result of the cancellation of CEDC's common stock, as of the effective date CEDC anticipates it will cease to be a public company in Poland and that its common stock will no longer be subject to listing and trading on the Warsaw Stock Exchange."
This plan should be executed by June 5th.
Simple question, will CEDCQ stop to be traded over OTC too?
So, is it last week of trading here?
Still not low volume, make up your mine budd, low volume or not ;)
Hey u see that near LOD close? Good luck.
low volume , 5x the daily ave and many blocks bought ok low volume
u see that Q on the end of the stock , we know its pos genius
Weekly chart looks nice, really nice ;)
Low volume suggest a group was behind the move... not a real Q mover.. in other words. POS
So, this will be definitely delisted next week, right?
If so, the nice pop those last days was just fueled by shorts final covering, right?
Scooped more @ .017 s
Hope many didn't get caught, tried to caution y'all here.
I like $$$ too much to care. I know when to sell
Oh, as a full-time professional equities trader for the past 12 years, running 30-40 symbols on any given trading day, I fully understand the markets, Skippy. Perchance you could learn to have a little more faith in company filings?
I hear that every time on these plays, and make tons of money. Thanks for the standard "I don't understand this market or what drives it" commentary though.
I don't know what Kool-Aid today's buyers are drinking - but it will certainly be leaving a bitter after-taste by the middle of next week. Keep an eye on the Daily List, folks.....
Three days of fun, just like Blockbuster Video, Great America, etc. those were awesome
Current Report Filing (8-k)
Date : 05/31/2013 @ 1:22PM
Source : Edgar (US Regulatory)
Stock : Central European Distribution Corp. (PL) (CEDCQ)
Quote : 0.026 0.008 (44.44%) @ 1:09PM
Current Report Filing (8-k)
Print
Alert
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 31, 2013
CENTRAL EUROPEAN DISTRIBUTION CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 001-35293 54-1865271
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
3000 Atrium Way, Suite 265
Mount Laurel, New Jersey
08054
(Address of Principal Executive Offices) (Zip Code)
(856) 273-6980
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On May 31, 2013, the Company issued a press release confirming that its prepackaged plan of reorganization, approved by the U.S. Bankruptcy Court for the District of Delaware on May 13, 2013, is expected to become effective within three business days. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
Exhibit
No.
Description
99.1 Press Release of the Company, dated as of May 31, 2013
The shorts should soon turn on each other and begin to fight for shares. That's the part I really enjoy. Maybe Monday, if not today
Break .035 now and .10 becomes a reality
Look at ask on L2. Ridiculous all shorts and thin as hell
I'm gonna hold this tightly rather than trade it. I want .10 At the moment. Whatever happens here GLTA
In order to induce selling to cover, shorts have to push higher. In effect, fucking themselves
Ran from .01's to .04's in an hour last week....
Just the beginning. 3 days just like we did AONEQ
Still goin for 1000%? Or gettin a bit anxious? Lol
MY 2 MILL SHARES tripled weeeee
This is gonna be volatile as hell
My 1 m shares doubled, So Sweet!!!!!!!!!!!!
The shorts, they do it for us!!! Just gotta be patient and hold like we did
zooom 0.031!!!! how you do it guys
Good job guys!!! Way to hold!!
Weeeeeeee!!!!
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CEDC GroupAbout usWe are the world's largest vodka producer, with annual sales exceeding 260 [or 280]million liters. We maintain leading positions in all of our key markets: Poland, Russia and Hungary. Our brand portfolio includes valuable and recognized brands like BOLS, Zubrówka, Absolwent and Soplica in Poland;Green Mark and Parliament in Russia; and Royal Vodka in Hungary. Each of these is a leader of their segment in these markets. We are also an active exporter. Zubrówka is delivered to over 40 countries around the world, including the United States, the UK, France and Japan. CEDC is also an important distributor and importer of alcoholic beverages. We cooperate with the biggest brands in the world, providing them with a developed distribution and sales platform in Poland, Russia and in Hungary. Our import portfolio in Poland includes, among others, Carlo Rossi, Concha y Toro, Metaxa Brandy, Remy Martin Cognac, Guinness, Sutter Home wines, Grant's Whisky, Jagermeister, E&J Gallo, Jim Beam Bourbon, Sierra Tequila, Teachers Whisky, Campari, Cinzano, Skyy Vodka and Old Smuggler. In Russia, Hennessey cognacs, Moet & Chandon and Concha y Toro wines are among the hundreds of assorted brands we import. ManagementAbout usExecutvie OfficersGrant WintertonRyan Lee Board of DirectorsRoustam TarikoDavid BaileyN. Scott FineMarkus Sieger Joseph J. Farnan JrAlessandro PicchiJose Aragon
CEDC around the world
Mission and visionAbout usMissionCEDC's mission is delivering products of the highest quality, enjoying consumers recognition and achieving leading positions in the market, assuring the Company's profitability and creating value for our shareholders. Strategic objectives
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