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Seems much simpler to just run the price down and scoop em up that way
Hope so. Hey i was wondering why this big news hasnt hit the message board. And why cancel shares with hardly any dillution. Seems much simpler to just run the price down and scoop em up that way. Less hostill and no judge involved. Just my opinion and a thought.
With the $100MM capital infusion, I wouldn't be surprised to see the Q lifted and the company pull out of voluntary Chpt. 11 BK proceedings. I cannot recall the ticker, but I remember shares going to Q and then lost the Q within the same week. It was a motor home company.
VC
Testing lows and moving up again? What? With this news i would have expected much lower
I got out .098! Leaving this one. Glta
Not waiting here. UWBK* collapsed three times with only 29MM O/S and bounced to .39- this has a bounce into the dollars when the Chpt. 11 is dismissed. Pacer is what you want to watch, not some fluff news article that allows an insider to accumulate weak shares.
VC
i sold my 1M. above 0.10+.
waiting too see what happens
Only 1.9MM sold (1.9MM absorbed) out of 78MM O/S? Only 2.5% sold on the so called "news"? Huh? Doesn't appear to be a mass exodus.
No, in fact, now is where the accumulation begins. Chpt. 11 BK process will determine the future of shareholders, not some stupid article or 30K pre-share dumps, lol!
VC
0.02-0.05 will be good to get more shares
I had Ambak Financial Group and that one tanked after a similar release. By chance I had got out the day before. With that one some Studs bought when it hit .04 and made some 50 percent gains. It was different though, there was an incentive for past shareholders to buy.
I wish I was in AMR that early. Congrats. I had AMR at 2.90. When it got up to $4.25 and started to dip I sold at 4. I did't have the temperament to hold LOL
With this one I felt like I was selling a winner too early when it peaked a couple of days ago. With Ambak and Amr, I took the win. With Ambak big money was still in. And Amr wasn't cancelling. This one I got too emotional I think. I can't believe people are buying/holding it right now. I admire the gumption. I just couldn't. GL
VC - all i know is hat yesterday from the top CSTI came in selling.. they stepped over my sell so i add to quickly lower it below them for it to fill. I c CSTI is still selling all day today. Whay, what do they know and where is CSTI taking it ??
Yup, will continue down until news from the article settles or good news comes out.
When is the last time you were on Pacer and actually READ a Chpt. 11 filing?
You made your money early in the week, so move on. Intelligent Chpt. 11 specialists only from this point on...
VC
A new low for today equals another new low coming
I am very exited about this Q and we are all very fortunate to be entering this at the start and bottom! imo
I'm not sure about Chapter 7. I think that is a true liquidation, where companies completely shut down. But don't quote me on that, haven't done enough research. As during Chapter 11 a company just reorganizes itself to become more competitive, profitable, and debt free or low debt when they emerge.
Great lesson! But you shouldn't have sold for a loss. All this talk sounds like the AAMRQ holders who sold at $.85 and then again at $1.20. I bought that stock at $.35, held on even through the really down days and look where the stock is now... $3.90! I'm still holding because the stock hasn't exited bankruptcy yet.
I remember some fellow on the AAMRQ ihub board who was yelling for people to buy at $.29, everyone was upset with him and wanted to kick him off the board. He sold when AAMRQ hit $4.50 a few weeks ago. Who's yelling now?
But, take all this in stride as it is JMO :0)
I'm in a stock (UWBK*) that is pursuing Chpt. 7 but also has the option to file an NOA to sue the federal govt. They can pull the BK plug at anytime.
The same is true here. Why would they pull the plug on shareholders when they just received $100M in capital infusion? The point of having shareholders is to FUND your company.
No, I see the Chpt. 11 BK plug pulled soon, imo.
VC
Yes, that is the article many people are reacting to with fear.
I've had many years experience trading Q stocks. They will make you 100%-700% before the stocks are cancelled. AND YOU WILL KNOW THE EXACT DATE THE STOCKS WILL BE CANCELLED, so just sell before then.
The date for now is May 13, 2013... "the Delaware Bankruptcy Court scheduled a hearing to consider confirmation of the Plan on May 13, 2013."
"As a result, following confirmation of CEDC's Plan of Reorganization by the U.S. Bankruptcy Court in Delaware and upon its subsequent effectiveness, all currently outstanding CEDC common stock will be canceled and no remuneration shall be provided to existing CEDC stockholders."
SO DON'T BE AN EXISTING STOCKHOLDER ON THAT DATE.
http://www.dailymarkets.com/stock/2013/04/17/central-european-distribution-corporation-announces-initial-results-of-reverse-dutch-auction-in-connection-with-proposed-restructuring-plan/
http://www.sacbee.com/2013/04/18/5353669/central-european-distribution.html#storylink=cpy
Well, I am a couple of months into this and learned another lesson (Take profits)!
I got these at .077 and was pumped. I never would of thought this morning I would be waking up to sell at .07 lol oh well. Live to fight another day I guess
Listen to what you want to and have pipe dreams of big dollars ahead on this stock. It is true that a bankruptcy court has to approve matters with the stock shares. However, when the company itself is suggesting to wipe out the current shares as part of restructuring, the judge will decide in favor of the company. Common share holders are at the bottom of the debt chain. And just as GM did, CEDC is doing the same. These shares will be worthless no matter if the company does come out of bankruptcy or not. At least they gave people the truth now instead of letting people go on hoping. If you can make money on it now - great. They are still tied into the company at this moment but the value of these shares are doomed. Good luck
WARSAW, Poland, April 18, 2013 -- /PRNewswire/ -- Following the April 9 announcement by Central European Distribution Corporation ("CEDC") that Roust Trading Ltd. ("Roust Trading") would be willing to make an aggregate $5 million gift to all existing CEDC stockholders in the context of CEDC's Plan of Reorganization, CEDC and Roust Trading have faced opposition and objections from certain of CEDC's stakeholders.
CEDC's request and Roust Trading's willingness to make this gift had been premised on the absence of objections from other CEDC stakeholders and that the gift would not otherwise impede the approval and consummation of CEDC's fully consensual Plan of Reorganization. In light of the opposition and objections, CEDC has withdrawn its request and Roust Trading will not make the gift.
As a result, following confirmation of CEDC's Plan of Reorganization by the U.S. Bankruptcy Court in Delaware and upon its subsequent effectiveness, all currently outstanding CEDC common stock will be canceled and no remuneration shall be provided to existing CEDC stockholders.
Read more here: http://www.sacbee.com/2013/04/18/5353669/central-european-distribution.html#storylink=cpy
I am constantly amazed at people's reaction to the media. You have the #2 producer in the world here just receive $100MM capital, 78MM O/S, yet 31K shares shakes this down 50% pre-market, lol!
What happens when the next article comes out saying that Central European Dist. Corp. is coming out of BK? Folks will overreact and blow the price up to .50 IMMEDIATELY! People have become animals. React first, think later, lol.
VC
Yup. Plus that article doesn't mean much. 99.9% of Q stocks get cancelled. People make their money DURING the bankruptcy process, not after.
EXACTLY! With a $100MM capital infusion, this comes out of BK. 78MM O/S here- shares minimally worth $1, imo.
VC
People running in fear? Time to buy ;)
Such a joke. Maybe the $5MM was PULLED because the company is coming OUT OF BK! DUH!
VC
Haha- fools selling on a news article. Chpt. 11 BK court will decide what happens to existing shareholders, not some fluff article. Thanks for the REALLY cheap shares.
Folks need to learn about Chpt. 11 bankruptcy. Even the company cannot simply tell a journalist that its shares are worthless. However, Chpt. 7 is a different beast altogether. As far as I can tell, this hasn't converted to Chpt. 7.
VC
Yeah - Someone bought my worthless shares
Hmmmm, not good, I've been flipping this intra-day but have not been swinging over night. Fun while it lasted I guess. Thanks for the update... I did not see the release.
News release last night stated that there will now be no recovery for common shareholders.
News release last night stated that common shares will be worthless, after all. Do your own DD.
Awesome a 50% drop before open, glad I bought some hahaha the CEO must be shorting to release voluntary news like this, this stock it a scam (;
let see what happens now, for us is a resetion
Ops - I guess I rolled craps on this one.
Thanks! Good luck 2 u too
A stop will probably still get you decent low mile liter bike. I'm just trying to have fun gambling here. gl to everyone in this
Wait. Let me put my stop in
volume please
not impatient just bored
Wanna see this thing take off? If i put a stop at .09 my guess is that i would see a low of 9 and a close of .15 or so. LOL
Guess folks sold out. Thought .10 was a good entry. If they hit my stop, I'll re-enter @.08 for double the amount of shares.
VC
I agree i am out above .10 with a gain from .092
MIGHT gap to .11 after WORL and CSTI are done messing around. MM's are trying to hit my stop but I keep moving it around.
VC
CEDCQ Has good daily volume! Moving up from here. Pattern emerging.
Impossible this closes .13 or impossible that the macro trend is denied? Chart is teetering on the edge of denial unless close above .13 regardless of the $100K at .10, imo.
VC
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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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