EP Energy Corp. (fka EPEGQ)

[MJAM2020]

So what is your take on what is going on here? The shares showing in that filing? Were those issued? Prefd's converted? Were they issued for a massive reverse split coming as part of the plan? The company didn't have anywhere near that many shares outstanding.

Generally these Q's are junk...trying to get an idea of what is goin on with this one..lol

Imho

[Penny Stocks 2.0]

The company was Brietburn, investors made lots of money on the smaller company. $0.15 to $2+ before the went private.

[MJAM2020]

what stock might that be...and how does it compare to whatever is going on here?..

imho
mj

[MJAM2020]

So whats the scoop...see the stock getting a little action on this new filing?

Imho

[Penny Stocks 2.0]

Last stock like this ran to $2.21

[halbroke1]

EPEGQ $$$ WITH 7 BILLION IN ASSETS, MORE LIKE $20.00+..Golden .20?..Are u Feeling OK !!!

[tigertiger88]

thought they were taking this private??

[zj3001]

Nice response. Insightful ??

I did all the work below and documented everything. So I’ll stick with going private.

Either way, we all are winning here.

[zj3001]

0.20!!! You mean 0.02?!

[Penny Stocks 2.0]

Read the new Ownership filing...

[zj3001]

Read the BK docs. It’s been posted for weeks below

[Golden Cross]

Back to .20

[Penny Stocks 2.0]

Ownership filing says otherwise...

[zj3001]

Yea! Good one to be in. They are completing the Bankruptcy to go private.

[Penny Stocks 2.0]

$2m market cap vs $7B Assets.

[Penny Stocks 2.0]

Over 800m Commons acquired.

[Penny Stocks 2.0]

NEW OWNERSHIP BILLION $$ HEDGE »» https://en.m.wikipedia.org/wiki/Apollo_Global_Management

[halbroke1]

WOW !!! I CANT BELIEVE NO-ONE IS SEEING THIS !!!!!!EPEGQ $$$ COULD GO TO DOLLARS OVERNIGHT !!!

[Penny Stocks 2.0]

EPEGQ .0209 Going, APOLLO INVESTMENT Takes OWNERSHIP.

[halbroke1]

WOW !!! OMG!!! 7 BILLION IN ASSETS, THAT SHOULD PUT $$$ EPEGQ SP AT $10.00+, IF NOT MORE !!!

[Penny Stocks 2.0]

MONSTER FILING, over 800m Commons issued »» https://www.otcmarkets.com/filing/html?id=13917285&guid=SVQCUWHM7T8cG3h

[zj3001]

Jackpot! Thank you courts. Should be up to $0.05 soon.

[zj3001]

Looks like this getting set up for some day traders to pump lol. Might set my sell price at $0.05 just to flip quick and buy back in after it drops with with free shares to see how it plays out.

[zj3001]

Volume picking up

[shipwithoutarudder]

I guess I need to look at the flash drive they enclosed with the voters packet, it has all the court info furnished so I probably should take the time to at least take an in depth look. I'll let you know what I find!

[shipwithoutarudder]

Do you think they'll end up private? I don't believe that'll happen, they're trying for sure but that's why they came up with the Backstop Commitment Agreement and Plan Support Agreement early on. My memory is not that good but I thought that agreement was a sort of block so that they couldn't take the company private, can't remember for sure and no time to read all the court doc's so I'll go with what others like yourself are saying. That being said I've bought the shares that I bought and will hold them until all is said and done!

[zj3001]

Well they clearly want to take the company private. So whatever the value market set will be what they pay to buy you out. I just don’t know what that will be as we will not having voting rights from what I read.

My question would be, how does an attorney involved in the case NOT know this?? There are two parts the the unsecured equity.

[shipwithoutarudder]

I do believe that your correct, former common shareholders will receive the new common shares based on whatever conversion factor they decide on. Of course it'll be a fractional number but that's better than nothing. When the new common shares begin trading it won't be at less than .01 you can take that to the bank.

[zj3001]

That same attorney was under the impression that shareholders were unsecured debt(which is correct), but said we spilt $500k. Which would mean we get $0.0019/share. I tried telling him to look at the other section that also states those new shares are converted. He seemed to think it was only secured note holders, but not according to what I read and posted in prior days. I think he is clueless. Never responded when I corrected his mistake. ??

[shipwithoutarudder]

Here are a couple links, http://archive.fast-edgar.com/20200103/AVLVF222Z22R22Z2222T22ZT46POZZ22A222

Filed on: January 3, 2020

http://archive.fast-edgar.com/20200103/A5LL7222Z22R52Z2222V22ZTGRRVZZ22A222

Filed on: January 3, 2020

[shipwithoutarudder]

Also of note, officers of CHK have been buying 300, 400 and 500k shares each within the last 30 days at a price right around .80-.82/sh!

[shipwithoutarudder]

zj3001, If your any kind of a gambling man then you may want to look at CHK, I just bought right at 100 option contracts, like 60 FEB 28 .50 calls and 30 March 6 1.00 calls. They report earnings on Feb 26th which I believe are meaningless, I don't think the street really cares about results, not much anyway. What they want to know is whats up going forward, will there be a cash infusion, is there a buyout in the future, if so, at what price! I expect something significant will come out within the next 30 days, it'll either make the price shoot up or kill it for good although I will say this, big co.'s die hard!

[shipwithoutarudder]

I have to agree, something will come out of this, I have no problem waiting! The reality is that the wait won't be that long, another couple of weeks is my guess!

[zj3001]

He is claiming he represents the secured note holders. Not us.

[zj3001]

They smell free money, not sell lol.

[zj3001]

Reached out. No answer. This is usually a good thing. If attorneys are circling, they sell free money. They will probably say something like let us represent you to make sure we help recover your losses. Even though they really can’t do anything. Then when shares go up and paid off to go private, then they take 33%.

If that is the case, why do I need them. It’s already in court, you can’t do anything now. Lol.

That just tells me we will get something out of this.

[shipwithoutarudder]

It is [e-mail], direct dial 212-806-5881, wouldn't hurt to call and maybe you can get some answers from them. The name with the number is Erez E. Gilad

[shipwithoutarudder]

I'm wrong, it wasn't from my broker, it's from the law firm that's representing Unsecured creditors! They're recommending to vote for the fourth amended plan!

[zj3001]

Can you share what you are voting on? Would love to know what’s up. Thanks

[shipwithoutarudder]

I received the voting packet from my broker, I can't find a date where a common shareholder has a right to vote. Typically there is a date where you have to have been a shareholder on that date to be eligible to vote in any type of lawsuit where common shareholders are involved and I can't find that date, still looking!

[zj3001]

I have not. I wasn’t in the stock too long....not even a month yet. Am I eligible to vote? How did you receive it?

[shipwithoutarudder]

zj3001, did you receive your voting packet and if so, what do you think about their recommendations?

[shipwithoutarudder]

Pretty slow here lately, found something somewhat interesting this morning though! I buy options, long calls, long puts and so on. I decided to check on shorting this security just to see how many shares are available to short. With the trading program that I use it will typically say 1mm + available, if not it will say contact broker. For this stock it says availability of this security is limited. Never seen that quote before, maybe I've never checked on an otc stock but I do know that you can short otc stocks so just a curious observation!

[zj3001]

Got it. I still couldn’t get it to play when Desktop. This BK should be resolved by April

[shipwithoutarudder]

Best I could tell they were in the process off appointing a shareholder representative, that is scheduled for the second week of Feb.

[zj3001]

https://cases.primeclerk.com/EPEnergy/Home-DownloadPDF?id1=MTMyNDgyNw==&id2=MA==&id3=N

Anyone listen to the recording...it’s in reference to shareholders. I can’t access from phone. Can’t get to a computer until morning.

[shipwithoutarudder]

Looks like they're going to have to come off that bid, nobody willing to sell at that level. On the other hand nobody willing to take on the risk that there is for a little over a penny, that I believe will change as we get a little further down the road completing the bankruptcy proceedings! It will get interesting soon enough!

[zj3001]

Fair enough. I have to agree with the newer millennial mindset trader.

[shipwithoutarudder]

I agree with most of what you just said, however I will say there are some lets say newer or ignorant investors who just don't know any better so yes, for the most part i agree. I see someone just bought 90k at the ask, another good sign. Like yourself I'm expecting a fairly huge payday, more so than your 200% which is very very good at that. More buying as I sit here and type!

[zj3001]

Let’s be honest. No one would dump any money in this even if a gamble unless you did some kind of DD. I’m 70% confident I won’t loss money. I’m 30% confident that I’ll see a 200%+ ROI by April.