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Those trades were most likely short covering. Shorting is not free, and the people that shorted those shares already made a lot of money on the recent decline. Although the stock is going to go to $0, they don't want to pay the borrowing fees in the meantime to make that little extra.
Volume is decreasing daily. Soon it will likely be just a few thousand shares a day, and then when the shares are cancelled, nothing.
There was
a buyer and seller of 3 block trades of 100,000 each and one for 200,000
so those traders cant read? Ridiculous. Also level 2 shows a bid at .0165 of 100,000 shares,
who is that ?
Waiting for a run? From who? Idiots who can't read and somehow think the stock will have any value in a Chapter 7 liquidation? There are going to be a lot of sellers looking to bail out at any price before the stock gets cancelled and they lose everything. Many of them will be happy to take any price they can get above $0.
Something else to consider. A lot of shareholders were burned in the Redbox bankruptcy and learned their lesson there. They are highly unlikely to fall for the internet pumping and dumping a second time. They got fooled once into buying and holding Redbox waiting for that "run", but they won't get fooled again.
Regardless
the stock will still trade and with so few shares waiting for at run.
Yes, they can. But that is meaningless for the shareholders in regards to the value of the stock. The stock is going to zero, guaranteed. It will be cancelled under Chapter 7 with no payments to shareholders.
Even if any lawsuit against the Board is successful, it won't generate any funds for shareholders. The money would go towards making the creditors whole, and that is a massive nut to crack. The liquidation of the assets will bring pennies, and they need dollars to satisfy all of their liabilities and debt. Only after creditors receive 100% of what they are owed will shareholders get what is left, and that will not happen here. But even if it did and any lawsuit was successful and magically found enough money to pay off all the creditors in full AND provide additional money for shareholders, that money would be paid to shareholders as of the date of the malfeasance, not shareholders as of the final liquidation of the assets. In other words, it doesn't matter if a person owns the stock from this point forward or not. Buying the stock now would not get a person into the lawsuit - that has passed.
Former board of directors
could be charged with misappropriation of funds and sued, this case far from over.
The volume is only 96,758 interesting .
No hope for the stock. It will be worthless.
The Company requested to the Court that its Bankruptcy be converted from Chapter 11 to Chapter 7, which the Judge indicated he would approve. Chapter 7 is automatic liquidation. The common shareholders are dead last in line for assets, and since there is ZERO chance of having enough assets to pay off the massive amount of liabilities and debt, there is no chance that shareholders will receive anything at the conclusion of the bankruptcy process.
Bid .017 ask .019
So it was 10 cents after they filed Bankruptcy now below 2 cents, with only 24.8 million shares outstanding, waiting for a squeeze here.
Could anyone tell me , what happens to the stocks of CSSEQ that people bought ? sell with loss or hold ?
CSSE changed to CSSEQ, bankruptcy. Delisted from the Nasdaq to the OTC. Hmmmmmm, stock ran to .165 from .12 pre-market then dropped to .07 on the BK news. Ya think some criminals ran the stock before the BK announcement? Well, DUH.
https://otce.finra.org/otce/dailyList?viewType=Additions
Chap 11 news. The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle.
Para just got 26 billion dollar buyout
ALYI is my weeeeee!
Weeee .40
Yes after hours sell off was rough. Thankfully I was a seller today and not a buyer.
Still holding some (just in case)
It’s worth more dead than alive
Huge continuation, took a few more chips off the table. News sends this parabolic
CSSE: It appears that you were CORRECTO-MUNDO, Homeboy!!! (Hey, TripN, see below right now what my San Diego Lady Friend has to say about our little CSSE play today!!!)
"Hey, Trip-Nik, ya wanna help us SHORT-SQUEEZE this little CSSE puppy today, Homeboy???!!!"
//////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Always add when they run flat added for month in my small mind they to big to fail guess it worked out
CSSE: Hey, Admiral Trip-Nik, did you FRONT-LOAD this puppy with a $100K toss at it????!!!!! (If so, Bro, then MUCHAS GRASSY ASK, as they say in Espaniolla!!!)
CSSE: Nope!!! More like $5.00!!! (Heck, they gots GOURMET Chicken Soup, Homeboy!!! This Firm ain't no Taco Bell, Bro!!!)
Like a big fat pig weee weee weee all the way home
CSSE: 10-bagger comin' --- who cares WHY!!!! (Heck, Chicken Soup, it's what for breakfast!!!)
I Sold the spike @ .37
Still holding some freebies in the event news hits
Let em file then the price doubles always does
amanda is full of shit.
I’m not sure if you’re thinking 15 to 30 is sinking fast and holding 29 but you might want to try math class again
You sound jealous
Well, maybe news would not be a good thing at this time.
CSSE: The very FIRST, "Chicken Soup for the Soul", was served here!!!
Love it!
Thanks
You never know if you can believe stuff anymore but that’s just priceless!
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